Marcus K

A BIG HELLO TO ALL MY LUCKY CLIENTS. Whether you are looking for properties in the Core Central Region (CCR), Outside Central Region (OCR) and Rest of Central Region (RCR), I will be here to match your buying choice. Note: (CCR) = District 9, 10, 11 (Orchard, Newton, etc), the Downtown Core (Marina Bay area) and Sentosa. (RCR) = Alexandra, Toa Payoh, Marine Parade, etc. (OCR) = Tampines, Yishun, Jurong, etc.

1. Please feel free to engage me, I will make your buying/leasing experience unforgettable. Friendly, Truthful, Honest and Professional advice, to help you in your decision making. Buying/leasing a house is a BIG decision, whether the market is hot or cold, there will always be properties exchanging hands, if the price is RIGHT! What is important is that you must be focused in your needs, so that you can make your buying choice so much more pleasant and easier to find your dream home.

If you are leasing, it is also important to determine your criteria and budget match. There are just too many choice properties out there, and each home have their pros and cons, but what's important is, the home you are leasing meets your wants and needs, be it close to working place, ease of MRT connectivity, a green lung or shopping haven. Only you and you alone must make this choice and then you can shortlist the properties near you to meet your Happiness Index!

I am here to help you, and I will provide you the basic tools that only an honest, truthful and qualified trained salesperson with the resources will be able to give. Do you have the tools to make a considered choice? Here's the ABCs of property knowledge:

1ST CONSIDERATION:

As a buyer, your buying is a long-term investment decision. The FALLACY of waiting to buy when the price comes down happen only to the few with the guts and cash in hand. Ask yourself, how many properties have you missed? Property price continue to rise, so much so that the Government has to intervene to stabilise the price. The latest property measures have weeded out speculators but the demand is still healthy and the price rises are more moderate, reflecting the true demand and supply situation. The resale market has just risen by 0.9% even in the face of the euro crisis. It is just playing catch-up to the dramatic rise in the prices of new launches.

2ND CONSIDERATION:

Decide the location and property type before you even start looking for one. Property value depends on location, mrt, accessibility, re-development potential based on building height plan and URA plans for the area, and rental yield. Investments-wise, a big plot ratio of 2.8 like Mandarin Gdns means potential to rebuild up to 36 storeys. When S'pore runs out of premium land to house an 8M population, you can find Pinnacle type flats there if the URA masterplan changes. Indications are, the government is doing this precisely, in the coming masterplan, as land around mrt/amenities is premium. Find the link at http://www.ura.gov.sg/mp08/map.jsf?goToRegion=SIN for you to find out practically any property in Singapore as long as you have the postal code (easiest) or address.

3RD CONSIDERATION:

You do not want to pay above the market or what the bank is willing to lend. Salespersons have all the tools and information to help u with the purchase decison. Owners don't and they usually ask for sky high prices or are misled by unscrupulous agents with promises of record prices just to secure an exclusive deal but eventually take months to offload the property at market prices. This is an opportunity cost to you as buyers will knock dow the price if the property has been exposed to the market unsold for too long. Remember, all properties sell - if the price is RIGHT! The URA website only has caveats of the current year and no unit numbers. But reputable agencies like DWG subscribe to reputable database company which provide the latest caveats of all properties up to almost 20 years old. So you will know the premium you are paying for a subsale property. Match this with the bank valuation to determine how much cash you are willing to pay upfront. Engage a salesperson you trust and can connect to, to serve your needs, window shopping for one is like shopping for poor service.

4TH CONSIDERATION:

Do not attend new launches without doing your homework, or you may succumb to the peer buying pressure. And REGRET when you get back your sanity. Decide early and buy them before the preview or only after you have studied the plans. Salespersons like me, not just the sole marketing agents, will have immediate access to all such new launches well before the VVIP preview. They need our help to bring buyers to them. We work with the direct marketing agents of the developers well before the soft launch for the VVIP previews. You get to study the floor plan and choose the best unit. If you are comfortable with the indicative $psf, book your unit with a 5% cheque for confirmation of unit. Sometimes, no ballots are required, especially in today's market. No need to join the queue. You get your choice unit and an unbias view of the market without being pressured to buy. The objective of showroom agents is to close the sale quickly and they leave you no room to re-consider.

New units normally command higher prices nearing the TOP, so you can get a tidy profit if you decide to re-invest. But if you are overly cautious and would like to view the showflat before making your purchase decision, be mindful of having to pay a slightly higher psf for the last-choice units as the good ones would have been snapped up in a HOT market! Optima and The Tennery are examples. However, please note that there is a new graduated scale Seller Stamp Duty (SSD) tax at 16% in Year 1 to 4% in Year 4 if you re-sell your unit within 4 years. Therefore, buying a newly launched project that takes about 4 years to TOP is one way to avoid paying this SSD tax compared to buying one that's a newly TOP unit. In today's market, buying brand new is a low cost investment with the deferred or progressive payment scheme. When the project TOPs, you can resell for a profit, way above what you will get in the 4 years if you had chosen to save with the bank or continue to invest by collecting rental income. You can see that many investors are now buying up brand new launches. Bedok Residences is an example. It means that buyers are now prepared to wait mid to longterm to realise their profits. This has to do with the ridiculously low interst rate of less than 0.15% banks are paying you to keep your money with them.

2. These considerations are just the basic information tools you need to decide in buying a property. Don't tire yourself and suffer emotional breakdowns trying to sell/buy/rent a house because you want to save on agent fees. Use a qualified salesperson lik me licensed by the Councilof Estate Agents (CEA) to handle all your needs, just like you would go to a doctor to mind your illness. Let the Pro help you. If you are confident I can help you, please give me a buzz and share your needs. I will search for your dream home or market your home professionally and confidently, competently!.

I am your L.U.C.K -

L - Labouring
U - Under
C = Correct
K - Knowledge

Find me at www.findmehomes.myweb.sg

Marcus K
96690018
DWG
CEA License R017735D