4 Reasons Why Punggol Has A Potential For Good Rental Yield

Punggol has been slated as the model town for Singapore’s next generation. Smart eco-features, waterfront living, and modern amenities are just a few key features to mention to show that Singapore’s government is taking efforts to take the country’s modernity to the next level.

If you’re looking for an HDB flat for rent in Punggol, here are four good reasons Punggol could potentially give you a good rental yield in the future.

  1. Singapore Institute of Technology (SIT)

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Singapore’s fifth University, SIT will be located in Punggol with plans to make it a creative cluster and learning corridor. The completion date is expected to be in 2020. The university will increase its intake from 2,000 to 3,500 students by 2020. Consequently, real estate investors can expect a rise in the rental markets by then due to overseas students coming over to study.

  1. Low Prices Now

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Punggol might not be the most accessible district right now, and due to this, prices are relatively low as compared to the other matured and congested areas in Singapore. Investing in a Punggol property now might prove to be a profitable investment in the long term due to the rapid developments happening.

  1. State of The Art Amenities

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With a 12.25-hectare Waterway Park that boasts water activities unlike most towns in Singapore, and Singapore’s first waterfront suburban shopping mall, the state of the art amenities that Punggol offers are not stopping there. In the future, the government plans to add a new shopping mall called Northshore Plaza, a town hub, and even a general hospital in Sengkang.

  1. Improved MRT Network

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Punggol has been receiving a lot of flak for being out of the way for most Singaporeans. But with an improved MRT network connecting Punggol to the West and East Area by 2030, traveling times will be cut drastically making Punggol very accessible.

Punggol might still be a developing town but with exciting plans in the pipelines. The rest of Singapore are eagerly awaiting how modern the completed town will look like. For real estate investors looking to profit from rental in the long term, Punggol is truly a gem to look at for building an egg nest of future passive income.

Singapore Housing Market: A Buyer’s and Renter’s Market

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Singapore is absolutely a buyer’s market right now. Due to the recent property slowdown, the market prices in Singapore have slowly but steadily softened. Private, non-landed home prices have dropped this quarter, in some areas of Singapore up to .7%. Experts are projecting that not only will housing prices remain relativity low but HDB resale values are rising and this trend is expected to continue. All of these factors add up to make Singapore a great place to look for first time buying or investing opportunities. Right now Singapore has experienced a steady increase in its housing market, so much so that its Government had to put limitations on the market, now it appears to have leveled out a bit. This means that investors are sitting out of the market in Singapore for the time being, leaving the Singapore housing market wide open for first timers, or buyers/investors operating with a stricter budget. Additionally, auction sales are on the rise. Auctions usually make potential buyers cringe but in this market auctions are on the rise and provide a unique and profitable opportunity for buyers to purchase residential property well under market value.
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Although the Singapore housing market is termed a buyer’s market, the real winners are prospective tenants. The current vacancy rate is up to around 8% in Singapore. With so many more landlords than likely tenants, rent seekers have the upper hand in rent agreements. This is the kind of market that is ideal for the renter to negotiate for lower prices and better terms. Suburban condominiums in particular are experiencing the sharpest drop in pricing, an especially beneficial area for those working in the city to get the most value for their dollar. So even though in Singapore the sellers far outnumber the buyers, the landowners even further outnumber the renters and this market may be more appropriately called a renter’s market.
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Singapore’s housing market is primed and ready for new buyers and new renters. The market prices are low but investment value is projected to increase and the supply will be plentiful for some time. However, Singapore does have its own unique regulations and property taxes, so it is best to contact and work closely with a property agent in Singapore for specific information and assistance in renting, buying or investing in this market.

Sharing Flats with Locals – Top Five Things to Do

 

187784__1415325072Sharing a flat with Singapore locals is a great way to reduce costs of your travel to the country. But as frugal as the option sounds, it’s also pretty overwhelming from the expatriate’s perspective. After all, the language barrier and cultural differences alone are enough to make it difficult to live alongside locals. Here are five things to do to ease the transition of living with Singaporeans.
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Check Listings Online 

The simplest way to get available room for rent listings in a foreign country is to peruse a local web portal. You’ll find these sources teeming with information, such as property type, number of bed and bath rooms, and amenities included. Make sure to use sources that are legitimate and have tons of positive user review. Filter out the myriad range of options by checking only items that fit your personal criteria, such as location, price, and number of flatmates. You don’t want to be bunking with too many people as this can be stressful.
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Plan Your Move-in Date 

Perhaps the most important detail about an available room for rent is when it’s going to be available. You don’t want to be flying into the country with no certain accommodation. This can be both stressful and unsafe for traveling expats. When looking to share a flat with someone, communicate the details of your arrival and departure. Ideally, you’d want the space to be vacated a week before your arrival to Singapore. This gives the tenants plenty of time to adjust and tidy up the space.
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Learn the Language 

Learning the dialect of Singapore is not going to be cakewalk, but it will help you get around the country more easily. Even just basic words useful for navigating roads and streets or greeting people can make it easier for both you and your local flatmates to share housing. Read up on self-study books or apply for free online language courses. Either way, it makes sense to travel to a new country with some knowledge of the common tongue.
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Consider HDB Rental Flats

An HDB rental flat is cheaper than your traditional hotel or apartment option. In addition, this type of housing is usually situated in close proximity to hospitals and schools as well as hawker centers and local malls. Public transportation through the MTA system is also a good reason to stay within HDB rentals.

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Learn Customs 

Know what are some offensive actions or words that you should refrain from using while staying with your new local flatmates. Although you’ll likely be forgiven with some minor mistakes along the way, it’s better to avoid altercations altogether by being prepared. Weeks before your planned arrival to Singapore, speak with locals who are staying in your country or go on social media.

Flatsharing is a relatively nascent concept, but an effective one at keeping travel costs to a minimum while providing the traveler with a unique and priceless experience. Use the guidelines above to locate the right flatsharing option that’s both affordable and safe.

Singapore Expatriate Flatshare Opportunities

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Lodging Options in Singapore 

Singapore is a lively city-state that’s located in Southeastern Asia. It’s notable for being the sole island city-state on the entire planet. Since Singapore is an exciting and fast-paced global metropolis, it enthusiastically welcomes countless international visitors on an annual basis. Some of these visitors come to Singapore for pure tourism purposes. Others go to the nation to work. Singapore is known for its extremely strong market economy. Big economies in the city-state include finance, foreign exchange and logistics. Since there are many expatriates living in Singapore, there are many flatshare opportunities available to foreign residents, too.
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Finding Apartments For Rent in Singapore 

The Internet makes it extremely easy for expatriates (also known simply as ‘expats’) in Singapore to find places to live. People can visit apartment rental websites that are designated for expat use, for example. These types of websites enable people to search for HDB rental flat options. HDB stands for ‘Housing Development Board.’ These websites also enable expats to conveniently and quickly search for listings for condominiums, service apartments and landed houses. Expatriates can search for lodging options based on their minimum and maximum size requirements. They can even search for lodging choices in their preferred districts. Examples of areas located in Singapore include City Hall, Queenstown, Potong Pasir, Buona Vista, Novena, Clementi and Little India. Expatriates who have highly specific requirements can look for apartment listings in Singapore by inserting any useful keywords into their search requests as well.
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Singapore Flatshare Opportunities 

Singapore has convenient websites that are designed exclusively for expatriates who want to find suitable housing options throughout the city-state. The nation has convenient websites that are designed solely for expatriates who want to find expatriate roommates as well. Some expatriates in Singapore look for fellow foreigners for flatshare opportunities. They often feel comfortable living with other foreigners for a couple big reasons. Expatriates often have similar lifestyles, for example, and a result frequently feel at ease with each other due to that. They also sometimes come from similar nations. Two United Kingdom citizens who are working in Singapore may want to be in the same home due to their similar dining preferences and pastimes. People who want to find rooms and expat roommates in Singapore can enjoy a lot of convenience and ease. These websites enable people to search for roommates of specific age ranges. They enable them to search for rooms that are appropriate either for males or for females. They even enable people to search for rooms that are available for couples. People looking for flatshare opportunities in Singapore can search for HDB, landed house, condominium and walk up buildings.
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Lodging Features

People looking for lodging in Singapore should always be as specific as possible when performing searches online. If an expatriate wants to save money on monthly bills, she may want to search for housing opportunities that include all utilities. Other conveniences that are sometimes offered to people who rent in Singapore include tennis courts and swimming pools.

Singapore’ Housing Market Simplified For Expats

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Singapore’s real estate makes for an attractive addition to foreign investment portfolios. Since the Great Recession almost 10 years ago, it’s gradually climb up, with very impressive numbers being posted on a quarterly and yearly basis. The signs of economic growth and opportunity are as vibrant as the country’s tourist sites and landmarks. For expats, however, barriers exist that could restrict them from making sound investment decisions.

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Brief Overview of the Market 

Unbeknownst to many expat investors, Singapore’s property market highly favours locals. If you don’t have citizenship, it will be more difficult to acquire the rights to purchase property. As early as the 1970s, the local government has been actively participating in its real estate market, during which a variety of laws and regulations for expats looking to purchase property were mandated.

While seemingly disadvantageous and disheartening to hear as an expat investor, most regulations encompass types of property in Singapore that are in finite supply. This is only understandable, given the small space that makes up the country. The regulations are designed to provide locals with higher stakes in their own country while also giving foreigners who are considered technically skilled and economically invested a fair chance to purchase land and housing.

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Types of Property 

The type of property you purchase should align with your budget, future goals, and preferences. For example, service apartments in Singapore are well-suited for individuals or small families who want a fully-furnished unit when they move in. Others want single-family housing for more privacy and backyard space.

Most of the properties you’ll find in the country are HDB flats for sale. HDB flats comprise around 80 percent of housing in Singapore. For expats, there are certain eligibility requirements before you can even be put in the waiting list. To start off, you need to be a Singapore citizen or have a family member who is a Singapore citizen.

Working With Brokers 

Having a local real estate agent by your side lends professional advice and market expertise that you would otherwise have missed without the help of one. They can help you decide the type of property you should be looking into and actual listings you can schedule an appointment for. Work with a maximum of three brokers so it’s easier to manage your time and schedule appointments without losing track of which properties and open houses you are going to.

Vet the right broker. He/she should have the proper certification and license to work as a real estate agent within the area. Singapore’s licensing requirements for real estate brokers may vary from that of other countries. As a minimum criteria, however, make sure your agent is at least 21 years of age and is licensed by the Council For Estate Agencies.

The Bottomline 

Buying Singapore-based properties, whether as an investment or as temporary or permanent housing for your family, is much simpler once everything is deconstructed into smaller steps. Use the guide above to structure your search in a more methodical way.