Plastic3

Coffeeshop @ blk 630 Coffeeshop @ blk 744 (iirc) Starbucks

If your buyer rejects, maybe you can try renting another unit in Rio Vista? Or if you want to stay somewhere else for awhile can try Rivervale Crest, 2bedroom under $3000 should be no problem. Best, Mark

Congrats!

Valuation takes 1-2weeks to be out, 7-days before granting OTP your friend needs to do the Seller's Checklist, you need to do Buyer's Checklist latest before exercise OTP. Best, Mark

Current asking price is about $880k-950k Best, Mark

Yes, no list should inspect 4 walls & 1 ceiling also....why..? Sometimes the seller still staying there with everything not moved!

marshmallow, is correct. Also, lease periods in Singapore have to be 6-months or more.

cool, thanks for sharing...

Agents usually calculate gross, I have also started to calculate only gross yield, as I realise everyone have their own approach to calculating net yield. For Agents it is better to just calculate gross yield than to risk being accused of "misrepresentation" if the net yield calculation differs. Best, Mark

Hi bepgof, There is no more "auto-renew" clause with CEA prescribed forms. Now maximum period is 3-months, after that sign the form again to extend. Best, Mark

Average prices for a 4-room flat in AMK, Bishan & TPY is about $430k-$470k, buyers who can't afford those areas usually will move further north to Yishun where the 4-room average price is about $340k. With the new improvements there's likely to be increased demand in Yishun flats Best, Mark

I live in Yishun, I make it a point to know most (if not all) of the units selling in Yishun That unit is being marketed by more than 1 agent + it's divorce case thus it is prone to complications. Best, Mark

Yishun St.81 block 87x ? Glad to hear you've found a home Best, Mark

I feel it should work with HDB to enforce that sellers have their addresses changed before the transaction can be completed (on completion day) Now...sellers are only informed to change within 28days, but whether they change or not...no one knows...

I'm at Street 11, moved here about 14-years ago downgrading from AMK. The new & upcoming developments will make Yishun a better place to live in...Khoo Teck Puat Hospital, rejuvenated Yishun pond, NSE, Aircon Bus Interchange (new bus service to JB) You may have seen me if you go jogging at the Yishun N'hood Park behind Sembawang Town Council weekday mornings......or when i'm running around Yishun serving my customers

$50k into business $50k into stocks

I think CEA is understaffed, only 33 staff if I heard correctly...

Woodlands, Yishun, Jurong West & Choa Chu Kang are the more affordable areas for 5-room flats.

Good to hear that Best, Mark

What about bank loan? I may have a 4-room in Bishan for sale, but it is "NG" model Best, Mark

With the new rules, private property owners have to sell their private property if they intent to purchase a HDB flat Bank Loan amount: - 60% (with outstanding loan) - 80% (w/o outstanding loan) Best, Mark

I am not 100% clear regarding this case, since i'm only interpreting Kobelala's posting here...not sure if any detail is missed out... Assuming the worst case scenario: if OTP is not yet signed by Seller, in the event the Seller decides not to sell for whatever reason there is no proof to say that the Seller has agreed to sell the flat to Kobelala Alternatively, after cooling period...Seller signs the OTP & submit the case to HDB, maybe the Agent just has a strange way of doing things... My advice is... that buyer's $1000 option fee is always given in exchange for a signed OTP never settle for anything less Best, Mark

A] Technically once you have given the cheque Seller should grant you the OTP, but in this case they have not submitted their Seller's checklist so they cannot grant you the OTP yet B] Since you do not have the OTP, the Seller may not honor the deal if they get a better offer May I ask when you view the unit, was it the very first day the unit was released in the market? Did you make your offer within a couple days of viewing? Best, Mark

Standard procedure: 1] Sellers complete checklist submit to HDB (7 days cooling period till granting of OTP to buyer) 2] Buyer complete checklist 3] Buyer exchange option fee($1000) for OTP (14 days consideration, or exercise immediately) 4] Buyer exercise OTP pay $4000 5] Submit case to HDB before number of days stated in OTP (page 4) 6] 1st appointment date depends on availability (check HDB web) 7] 2nd/completion 6-8weeks from 1st appointment you can print this page: http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/...TP?OpenDocument and discuss with your Agent, the only cooling period is between step 1 & 3, after that there is no cooling period... Best, Mark

ok, so this Agent represents you & another Agent represents the Seller? I don't quite understand your initial post, have you exercised the OTP or not? Have you handed your $5000 to the Seller or not?