Singapore’s property sector has undergone a roller-coaster journey in 2020 amidst Covid-19 Pandemic. During the April and May circuit breaker era, home prices plummeted to historical lows. Yet property purchasing practices rebounded rapidly through several business segments at the conclusion of the campaign constraints.
Although the coronavirus may continue to cast a cloud on the larger economy, existing headwinds have also been underestimated by financial investors and banking expectations for the future of the Covid-19 vaccines. The pandemic has exacerbated several developments in property and spawned fresh ones that may provide investors with lucrative investment opportunities.
We give a glimpse on how this year will happen to the property sector here, and the main factors to keep an eye on. Continue reading
At one point, the deal was very close to completion, and at another point, it didn’t look like it would be finalized. But this on and off deal apparently looks like it would be nearing its conclusion.
Although investments with a certain holding term is not mandatory, it is a smart idea to at least think about the length of time you expect to keep it. For example, if your assets need to be cashed out within one year or two, you should have a plan that varies considerably from one that is for ten years or longer.
When you’re making a business around real estate investment, understanding the other professionals in the industry is the most important part of the learning curve. Not only do you need to be able to adequately assess the competition when you’re trying to buy and turn the same properties, but you also need to know who to talk to when it comes time to get the work done on-site. Local contractors provide everything from renovation to ground-up construction, and a timely turnover requires a fast crew, one with experience, so it’s a lot easier to hire one than to build it from the ground up.
Divorce statistics continue to rise with over 50% of marriages ending in divorce. The reasons differ from couple to couple but the one thing that remains a common challenge is the house left after the dissolution of the marriage. Real Estate is already a nightmare to handle when you have your wits about you, now imagine having to deal with that and all the other psychological issues that come with finalizing a divorce? This is why a 
