Thomson Three is one of the perfect real-estate settings for all the residents looking for comfort and a modern lifestyle. Are you tired of the disturbing surroundings and no greenery in your residential area? If so, don’t miss a chance to look out for a resale unit in Thomson Three. The condo is highly ranked for its beautiful greenery and peaceful surroundings. All your modern comforts are covered within the apartment. Also, you’ll love to explore the presence of a rustic setting on the property. Residents would love living in a uniquely designed condo with world-class facilities. It turns out to be an outstanding property for all the residents looking for scenic condos in Singapore.

Thomson Three is never missing attention from the residents and real estate agents. Why is the condo among the glam lights, and who are the project developers? Well, you can get all the descriptions in this content. The project developers are two professionals- UOL and Singland. Both of them have done a marvellous job in constructing Thomson Three and haven’t missed any single element to make it a worth-to-stay property. With huge applauds and appreciation, Singland and UOL have made a great place in the heart of the real estate industry. Their works include many premier residences and locations, wherein Thomson Three is one example.

When discussing the project’s plus points, location comes in the top position. The project offers a place suitable for residents to travel across the city and conveniently visit retail stores. Upper Thomson MRT Station is located within 5 minutes walk away, which makes it convenient for the condo residents to visit the city quickly (via Thomson East-Coast Line in 2022). The roadways connected with the property are Pan Island Expressway, Upper Thomson Road, Central Expressway, and Lornie Road. Not just bachelors but families can also have a great time at the property. There are schools located in close distances like CHIJ St. Nicholas School, Australian International School, Catholic High School, and Ai Tong School. You can get your kids enrolled in top universities around the property for higher studies like James Cool University and Raffles Institution.

The project highlights include its’ scenic location in the hot Singapore area. Being located at one of the prime locations of Singapore, Thomson Three captures enormous attention. A condo is an excellent option for the residents with iconic and modern architecture. Within a few distances walk away, you can get your kids enrolled in some top-rated schools like Ai Tong School, Catholic High School, and much more.

When choosing a real estate property to stay in with your family, one looks after several factors to ensure their desires and requirements are met. No doubt, Thomson Three is an exceptional choice suited to all residential needs with luxury comforts. Along with many other factors, pricing is also an essential thing. If you’re also concerned about the condo’s price range, you can check for the small unit areas. As a rough guide, a unit area of about 495 square feet costs approx $16xx++ PSF today in Thomson Three. For more information on the development, visit https://mythomsonthree.com

Continued low interest rates create a favourable investment environment for real estate. However, a slow and uneven recovery from the global COVID -19 situation is expected to remain volatile. The magnitudes of new sales transactions are expected to continue to increase, while price sensitivity is expected to decrease due to low interest rates. Analysts expect intense competition for land, which in turn will lead to further price increases. 

PricewaterhouseCooperss Report Emerging Trends in Real Estate for 2020 for the region Asia-Pacific ranks Singapore as the top market for property investment. In recent years, the prime market in Singapore has suffered from an oversupply of high-end properties and a slow pace in the luxury sector. Competition for prime real estate remains fierce due to limited space and inventory. 

Last year, for example, the founder of British electronics company Dyson bought a three-storey apartment building in Singapore’s Wallich Residences for $541.7 million. In recent years, mainland Chinese buyers have been the main driver of demand for luxury residential property, partly driven by the political turmoil that made Hong Kong an attractive investment destination. This trend is expected to continue into 2020, with Knight Frank forecasting 3% property price growth for Singapore in its 2020 global forecast.

In the early 1990s, large-scale urbanisation in Hong Kong, Singapore, Thailand, the Philippines and other Southeast Asian countries led to a sharp rise in house prices. In 1998, however, property prices crashed, and between 1997 and 2003, residential property prices in Hong Kong fell by 61% and 5%, respectively, as a result of the Asian economic crisis. A decade later, Asian economies stabilised, allowing the real estate market to make progress again. 

Driven by low interest rates, confidence in the long-term security of homes and fear of missing out, the surge has put buyers at odds with the government. Authorities in Singapore, a safe haven for investment by wealthy foreigners, have kept a close eye on property prices to ensure housing remains affordable for locals and keeps pace with economic fundamentals. They began advising caution last year and senior minister Tharman Shanmugaratnam warned homeowners in April of the risk of rising interest rates. 

Borrowing remained strong in the first half of 2020 and with interest rates expected to remain low, transaction volumes in Singapore are likely to recover during 2021 and we see robust interest from international investors. Singaporeans pay a lower additional stamp duty on residential property purchases than foreigners, depending on the number of properties they own. This month’s entry restrictions on international travellers pose a challenge to foreign investors, especially those with little or no presence in the country. 

Although many economists have differing views on the outlook for the global economy, there is a growing consensus that there will be a protracted slowdown and that the recovery will be gradual in the coming months. There is also an industry-wide debate about the long-term impact on office demand of the emergence of a work-from-home culture. While it is too early to draw conclusions on the full impact of this shift, key market and labour fundamentals in Singapore give us confidence that the market will find equilibrium and office space will remain relevant in the medium to long term. 

While the long-term outlook for Singapore’s private residential market is positive, prices and housing demand are likely to weaken this year due to protective measures and global economic uncertainty. We expect sales of 13,000 to 14,000 homes this year, with 6,500 to 7,500 new homes for sale. The Singapore property market has recovered in some places as protection measures have eased in the face of pent-up demand. 

In general, we see house price growth slowing in the city as we near the end of this long property cycle. Historical data on private real estate and homes shows that sales volumes and prices fall in times of crisis, but demand for sales recovers quickly. Sales volume typically recovers within three to four quarters, and the window of opportunity to buy a property after a price correction is small. 

Since the pandemic, we have seen healthy sales of land and private homes throughout the market. We expect housing demand and buying sentiment to pick up in the coming months as optimism grows and the macroeconomic recovery is possible. The property market is poised for a steady recovery and further price growth as our economy recovers later this year. 

According to URA, 10,833 unfinished residential units were opened in Singapore in 2020, compared with 11,345 units in 2019, 8,769 units in 2018 and 6,020 units in 2017. Private residential sales slumped 19.1% year-on-year to 144 units

The three most expensive places to buy property are all in Asia, and they held their position as they did last year. Prices rose 3.17% quarter-on-quarter after adjusting for inflation, and 2.76% in the latest quarter. 

In the rest of the Central Region (RCR), house prices rose by 4.69% in 2020 (4.64% inflation-adjusted), an improvement on the “growth of 2.8%” in the previous year. In the non-central region (OCR), home prices rose 3.2% last quarter (3.15% adjusted for inflation), following a 4.4% annual increase a year earlier. 

I have invested in real estate in the past as an individual investor and know how to buy and renovate properties. My due diligence ensures that you know what you are getting into when you invest in this type of real estate certificate as a bank or real estate investor looking for a new property. 

Either way, a difficult money loan is a strategy to consider as a real estate investor if you want to advance in real estate but don’t want to deal with the real estate and the crazy headaches that originate with it. 

Core investors make their capital in commercial real estate, which has advantages over residential real estate. Unlike residential investors, retail real estate investors rent and collect rents from businesses that occupy space on their property, not residential tenants. The ability to crowdsource investments in commercial real estate has allowed real estate investors to shift from domestic real estate to commercial real estate, indicating a rosy future. 

Commercial real estate, such as retail and office buildings, is an attractive option for those looking to invest in real estate rather than residential real estate. Commercial real estate investment properties can be classified according to features such as purpose, size, location and construction. Regardless of the type of property, commercial or residential, there are good investment opportunities for everyone. 

To become a reputable commercial real estate investor, you need to learn how to think like one. The first step for retail investors is to understand that commercial real estate is valued differently than residential real estate. Commercial real estate investment properties are different from residential real estate investment properties. 

Investing in commercial real estate is not considered entry-level because it requires more funding than residential real estate. It is more difficult to obtain a loan from a bank to invest in commercial real estate than to invest directly in residential real estate. Investing in commercial real estate may seem daunting until you understand that the core competencies and skills needed are the same as those required to invest in residential real estate. Before you start investing in commercial real estate, you will need a great deal of knowledge and experience in the real estate field because investing in commercial real estate involves several legal and financial aspects more complex than investing in residential real estate. 

Investing in residential and commercial real estate is more than just buying a house and finding an investment property. If you have experience managing commercial real estate, commercial real estate wins over residential real estate investing. 

Since you can’t buy physical property, investing in real estate is a strategy you can eat and have your cube and eat it too. As mentioned above, anyone can think about buying property and investing in real estate. Still, residential real estate is the way to go for anyone who requires maintaining control and management of their investment. Buying a property is an expensive investment, and you should only do this if this is not the way you want to add real estate to your investment portfolio. 

Many investors want to deal with rental properties to see and touch buy rental properties and select a property manager to manage the heavy lifting. 

Investing in commercial real estate is different from investing in residential real estate. You first have to calculate the potential return on commercial real estate, also known as CRE, and then deal with many things you need to know about it. Now that you know the difference between residential and commercial real estate, here are some facts you need to know about investing in residential real estate. 

Commercial and residential properties have different characteristics and aspects that make them other investment options and approaches to real estate. This blog aims to explore similarities and differences between residential and commercial real estate investing and try to answer real estate questions such as which commercial property and which residential property you should support. 

It is not enough to show a tendency to succeed as a living real estate investor to be deemed ready to invest in commercial real estate. For example, the amount of capital you have available, your ability to access money (such as a loan or syndication), your net worth, and your investment knowledge (the amount of time you have in the real estate market) will determine which type of real estate investment is best for you. My answer is that not only what you look for when choosing between investing in commercial real estate or real estate, but also residential real estate, is determined by the individual investor.

I am convinced that the perfect commercial real estate investment property must be purchased by an investor who has a plan. The debate about investing in residential or commercial real estate is idle if you end up renting out your old house or inheriting the property. 

Whether you own a residential or rental property or have decided that investing in real estate is what you want to do to build wealth, the idea of buying commercial real estate has probably crossed your mind. As a result, more and more investors are looking to buy commercial real estate (the latest trend, but I digress). Many investors are curious if they have what it takes to add these properties to their portfolio. 

When investing in residential real estate, the considerations for real estate are smaller. The economies of scale and the ability to manage aspects of property development, management, and other areas make investing in commercial real estate more lucrative because of the volume to be acquired.

It is really important to make sure that condos work for you before investing. A reserve fund can save a condo purchase with an HOA and increase the chances that your mortgage will be approved. Having enough money in reserve can also help keep condos from skyrocketing. 

If you are buying your condo as an investment property, it is important that you do your research. Make sure that there are competent people running your condo to avoid buying a property with financial problems. You should start to also understand the responsibilities that come with owning a condo, such as HOA fees and association involvement. 

If you are considering buying a condo, chances are you know the difference between buying a condo and a house or apartment. 

Buying a condo is definately a great way to dive into homeownership without worrying about the maintenance that comes with a single-family home or townhome. Condo residents can use the community amenities, and the condo association takes care of the maintenance of the buildings. Condominiums are a good investment, and there are many positive aspects to living in one. 

Buying a condominium, or condominium for short, is not the same as buying a single family home. In some real estate markets, buying a condo is less expensive than buying a single family home. In short, condominiums, whether they are single family homes or apartment buildings, are residential buildings in a community. 

A condominium is a community property where the individual owner is the unit located in the condominium. The unit in question is the community unit. 

If you are in a stage of life where you do not have the time or ability to care for yourself, a condominium can provide a low-maintenance environment. Although the price is usually more affordable than a single-family home, many condominiums offer luxurious amenities for their owners. In most cases, condos offer services such as fitness centers, tennis courts, and pools.

When you buy a condo, you are purchasing a unit in a bigger building or complex. An individual or a property management business owns the majority of a building or complex that comprises of multiple units, whether individually or jointly owned. Owners of condominiums do not own the land on which the building is built.

They own their unit and share with their neighbors the common areas and amenities of the community, including parks, pools, playgrounds, gyms, dog walking areas and other public spaces. In a condo, you own a specific part of the building structure that is used as common space. Some condos offer amenities in common areas such as pools, garages and tennis courts that you may not be able to afford when buying a townhouse or detached home. 

David Lee is a real estate agent and team leader for the David Lee Group at Kedar Wids Realty in Bedok Singapore, and said, “Condo common areas are managed by the condo association. Condo associations vary depending on the requirements of each property. They have all kinds of clever rules, but it’s up to you to make a choice that makes sense for your lifestyle.

Carefully researching the ins and outs of condo living can help you make a confident decision about buying a condo. It also helps to ask the Housing Association and condo residents about the property you are looking at. When you apply for pre-approval for a condo, you will need to provide documents from the condo complex in advance. 

For example, a lender will want to know the name of the HOA, litigation history, percentage of units owned and the type of insurance the complex has when deciding if a condo is eligible for mortgage financing. In addition to checking the finances, lenders will also check to see if the condo’s “books are in order. It also helps to take a look at condo budgets to make sure they’re putting enough money into things like building repairs. 

Steps to Buying a Condo Step-by-Step Financing You’ll need to apply for a mortgage to buy a condo, which is the equivalent of a single-family home. Your lender will review the condo documents and construction activity. 

In return, potential condo buyers should be prepared to pay dues, abide by association rules, attend community meetings and contribute to reserves. If you plan to pay cash for the condo, you should start with a pre-approved mortgage. Once you have decided to buy a condo, it is important to go through the process properly. Condominiums are often part of multiple units, so borrowers’ financing is often intertwined, and lenders should see this type of home as a riskier investment. Condos are ideal for singles, couples and families. For prospective homeowners, condos are less expensive than standing houses and require less maintenance and upkeep. 

Before buying, make sure the other condo owners are owner-friendly and likely to be people like you. If you already live in a detached home, consider renting a condo or apartment before buying. 

Before you buy a condo, it is important that you know that every apartment community is different. It is important to know that each community has its own community rules, association fees, management company and amenities. Many people buy condominiums because of the lower maintenance and lifestyle that comes with living in a condo. 

An important consideration when deciding if a condo is right for you is not only about maintenance, but also includes association fees. Monthly condo fees cover ongoing maintenance, contributions to reserve funds for small emergency repairs, and condo associations can set separate fees for unexpected expenses to fund major property improvements like paving. If the condo association lives up to its name, it can charge $150 for each additional month to cover previous winters when more snow was cleared and $200 per month for swimming pool repairs. 

Buying a condo can be the biggest purchase of your life, especially given the current real estate market and prices in Singapore. A few hundred dollars is nothing to spend your entire budget on, but if you’re buying a condo, be prepared for fluctuating price increases. It’s easy to get used to a condo that you like.