Anyone?

Hi Lawry73,

Since you are Singaporean I assume you would have some CPF here?

The govt has recently changed the deposit structure from 20% down to 10%. And of this 10% you can use 5% from your CPF and 5% cash.

Unfortunately we bought our condo before this change so we had to fork out $300k instead of $150K as the deposit.

We are PR’s here and have in the past bought a HDB flat – being a Singaporean I should think there would be no problems buying one. The government (unless this has changed) also has a scheme if you buy a HDB flat within a certain radius of your elderly parents – they will give you a $40,000 grant. May be worth looking into if your parents/inlaws live here.

Being a Singaporean you can also buy New HDB flats. As PR’s we are only allowed to buy on the open market. My cousin lives in Perth – she is Singaporean. She bought a new HDB flat in Hougang in 2001 for $195,000. Currently worth $500,000.

This may be the way to go.

Hope this helps.

Mei

Hi Ken,

You say…

“””I still find it “too risky” for myself, to be able to safely invest into the Singapore property market at this point in time, even though I am presently and seriously contemplating to.”””

???

Where are you contemplating?

Also Rikky, language is not a problem here – nearly everyone speaks English – or ‘Singlish’ as it is referred to locally.[biggrin]

See ya, Mei

Hi all,

The average price at Sentosa Cove is not 5 million – that’s for the houses – not for condos. The average price for the condo we bought into on Sentosa is 1.5mil.

The Azure – a new condo opposite the Berth on Sentosa- was launched last week. All sold in a few days. Avg price around 1.8mil.

Alot of foreigners investing in the Sentosa Cove Development.

Ken – Saw the article today in the paper. I know of investors making huge money on their onsales at condos on sentosa and the sail at marina bay. Not sure about 50% though.

See ya, Mei