Find a Real Estate Agent / Property Agent in Singapore
AreaCondo ApartmentLanded PropertyHDB HomeExecutive CondoResidential Land & BuildingsOfficeRetail ShopMedical SuitesHotel & LodgingRestaurants/FnBCommercial Land & BuildingsWarehouseB1 Factory WorkshopB2 Factory WorkshopIndustrial Land & BuildingResidential New LaunchCommercial New LaunchIndustrial New LaunchOverseas ResidentialOverseas CommercialOverseas IndustrialOverseas Land & Buildings
DistrictD01 – Boat Quay, Marina, Raffles Place, Suntec CityD02 – CBD, Shenton Way, Chinatown, Tanjong PagarD03 – Alexandra, Queenstown, Tiong Bahru, RedhillD04 – Keppel, Sentosa, Mount Faber, Telok BlangahD05 – Buona Vista, Dover, Pasir Panjang, West CoastD06 – City Hall, High Street, North Bridge RoadD07 – Beach Road, Bencoolen, Bugis, RochorD08 – Little India, Farrer Park, SerangoonD09 – Orchard, Cairnhill, Somerset, KillineyD10 – Grange Road, River Valley, Holland, BalmoralD11 – Novena, Bukit Timah, Dunearn, NewtonD12 – Balestier, Moulmain, Toa PayohD13 – Braddell, Potong Pasir, MacphersonD14 – Eunos, Geylang, Paya Lebar, KembanganD15 – Katong, Marine Parade, East Coast, Siglap, Tanjong RhuD16 – Upper East Coast, Bedok, Chai Chee, BayshoreD17 – Changi, LoyangD18 – Pasir Ris, Simei, TampinesD19 – Hougang, Kovan, Serangoon Garden, Punggol, SengkangD20 – Ang Mo Kio, Bishan, ThomsonD21 – Clementi, Upper Bukit Timah, Hume AvenueD22 – Boon Lay, Jurong, TuasD23 – Bukit Batok, Chua Chu Kang, HillviewD24 – Kranji, Lim Chu Kang, Sungei Gedong, TengahD25 – Admiralty, WoodlandsD26 – Tagore, Upper Thomson, CasuarinaD27 – Sembawang, Yishun, CanberraD28 – Seletar, Piccadilly Road, FernvaleOverseas Property
HDB EstateAng Mo KioBedokBishanBukit BatokBukit MerahBukit PanjangBukit TimahCentral AreaChoa Chu KangClementiGeylangHougangJurong EastJurong WestKallang/WhampoaLim Chu KangMarine ParadePasir RisPunggolQueenstownSembawangSengkangSerangoonTampinesToa PayohWoodlandsYishun
CEA No: R045035B
Orangetee & Tie
CEA No: R027596H
ERA Realty Network
CEA No: R007996D
CEA No: R001972D
CEA No: R006446J
Global Alliance Property
CEA No: R003412Z
ERA Realty Network
CEA No: R045084J
CEA No: R024979G
CEA No: R043328H
CEA No: R050046E
CEA No: R001975I
CEA No: R044988E
ERA Realty Network
CEA No: R001975I
CEA No: R050368E
CEA No: R055769F
CEA No: R002676C
CEA No: R009778D
CEA No: R009460B
CEA No: R058045J
CEA No: R044664I
ERA Realty Network
CEA No: R007949B
Singapore Estate Agency
CEA No: R017187I
CEA No: R007197A
CEA No: R020621D
KF Property Network
Signs You Have a Bad Real Estate Agent
Are you looking to buy a house? Your buddy says his Aunt Nancy is a real estate agent, so you sign a contract with her. Then you don’t hear anything from Nancy—for two weeks. Finally, she calls with the “perfect” house: a ranch-style home. But you told her you want a colonial. Oh, and it’s $100,000 over your budget!
Or are you selling your house? A friend from work told you her cousin Vernon just got his real estate license, so you decide to give ol’ Vern a try. Fast-forward a few months. Vernon has held a couple of open houses and posted your house on his website, but nobody is coming to see it. You look on Zillow and Trulia, and it’s not on either site.
So what happened? In both cases, you hired a bad real estate agent. We know this because nothing is happening in either scenario: Aunt Nancy can’t find the right house and ol’ Vern is just plain incompetent, which would make anyone feel frustrated and angry.
Find a trusted real estate agent we recommend in your area.
So what should you do? Get rid of Aunt Nancy and Cousin Vernon and talk to a real estate Endorsed Local Provider (ELP). These people are great real estate agents. Each has been a full-time agent for at least two years, they’re invested in their local community, they close more deals than 90% of their competitors, and they’re great communicators with the heart of a teacher.
Because some real estate agents—like Aunt Nancy and Cousin Vernon—are just plain bad at their job, it’s important to know what the signs are. We’ll break them down by both buyer’s agents and seller’s agents. That way you’ll know what to watch for and how to get out of either bad situation.
If You’re Buying
A buyer’s agent is responsible for helping you find the best house. They take the time to listen to your needs, understand your budget, and educate you about the market where you’re looking. Once you’ve found the right house, they negotiate a great price and keep you in the loop as the transaction progresses. At least, that’s what they’re supposed to do.
Here are five signs you have a bad buyer’s agent:
One of the most common complaints home buyers have about their real estate agents is that they can’t get in touch with them. The buyers call. They text. They email. And what do they hear back? Crickets. This is especially troubling in a hot housing market, where it’s so important to move quickly when you find a home you like. Poor communication will cause you to miss out on opportunities to buy the house you really want.
2. Power Struggles
We’ll admit that it takes a certain level of swagger to walk a home buyer through (what’s probably) the most expensive purchase they’ll ever make. But that does not mean your real estate agent can forget who’s the boss. You. Are. The. Boss. An agent who pressures you to buy a home you aren’t sure about or one that’s out of your budget is more interested in their commission than helping you find the best home for you and your family.
An agent who pressures you to buy a home you aren’t sure about or one that’s out of your budget is more interested in their commission than helping you find the best home for you and your family.
3. Lack of Leadership
The flip side of this coin is an agent who’s merely a yes-man and doesn’t offer any guidance. You want an agent who’ll give you honest advice based on their research and experience—even when they know you may not like what they have to say. A wishy-washy agent may not have the experience they need to negotiate a good deal on your new home—or they just may not be cut out for the job.
4. Abundance of Attitude
As we mentioned, you want your agent to have confidence in their abilities. But that doesn’t give them a license to be a jerk. No matter how many questions you have or how basic they may be, your agent should be patient enough to answer each one without throwing a ton of jargon at you. And you must be able to trust your agent to behave professionally on your behalf. It’s simple: You don’t have to put up with an arrogant, condescending or just plain rude agent.
You’re Getting Nowhere
It’s been months. You aren’t any closer to buying a home than when you started. That’s a big problem. Now, if you’re being overly critical of the homes your agent is showing you, then this could be your fault. But if your agent isn’t showing you any homes whatsoever or, even worse, keeps showing you homes that you’ve already said aren’t right for you, they’re wasting your time.
If you’re reading through this list and find yourself nodding along, or if little lightbulbs are lighting up in your head, it’s probably time to hire a new agent.
If You’re Selling
A seller’s agent (sometimes called a listing agent) is so important when you’re selling a house. A great one educates you about the market in your neighborhood and helps you set the correct price. They take care of all the marketing to make sure that interested and qualified buyers see it. They give you tips about staging your home for showings and help make sure the curb appeal is actually, you know, appealing. Finally, they’re expert negotiators who make sure you get the most value out of your sale.
Of course, a bad agent doesn’t do these things. Here are five signs you have a bad listing agent:
1. Less Than Two Years of Full-Time Experience
This is a huge deal-breaker for a seller’s agent. An inexperienced agent doesn’t have the industry contacts or (sometimes) even the know-how to handle the home-selling process. Misfiled paperwork or a missed deadline can easily botch your home sale. And you need an experienced negotiator—both for the sale price and any repairs that may come up after the home inspection. You cannot fake experience.
2. Lack of Communication
You shouldn’t be waiting around to hear from your real estate agent. There are so many ways for your agent to stay in contact with you: There’s text messaging, email and, heck, there’s even video chat. But if you find yourself always asking your agent for updates—or if you get no answers—that’s a massive red flag. Your agent should make it a priority to keep you in the loop, even if nothing new has happened.
3. Poor Marketing
Your agent’s job is to attract as many potential customers as possible to view your home—and that means a lot more than putting a sign in your yard and posting a photo on their website. In the industry, that’s known as “Post and Pray.” It’s when you post a sign in front of a home and pray someone buys it. We’re big believers in the power of prayer, but we also believe in marketing and hard work. Ask to see your agent’s marketing plan for your home. Make sure you understand why they choose some venues instead of others. They may have a good reason, but that’s something they need to explain to you.
Your agent’s job is to attract as many potential customers as possible to view your home—and that means a lot more than putting a sign in your yard and posting a photo on their website.
4. Misplaced Priorities
The math is pretty easy when it comes to an agent’s commission: The more expensive the house is, the bigger the commission will be. But that fact should never come into play in the way an agent represents his clients. Is your agent treating you as a “lesser” client just because of the price point of your home? Here’s what to watch for: lack of communication, showing up late for appointments, little patience for answering questions, and even pressure to decrease your asking price without giving any evidence to support that decision. A good real estate agent will show you a list of all the houses for sale in your neighborhood, the asking prices of houses similar to yours and the final prices of homes that recently sold. If your agent isn’t doing any of these things, it’s a major sign that something isn’t right.
5. Nothing’s Happening
Here’s the bottom line: Real estate is a results-based business. If it’s been weeks with no showings, no calls and no interest, it’s time for a “come to Jesus” meeting with your agent. In this meeting, your agent had better have some new ideas for attracting buyers, and they’d better be able to explain how those ideas will help you sell your home. If they don’t, or if they say they will and the problem persists, stop wasting your time with the wrong agent.
Here’s the bottom line: Real estate is a results-based business. If it’s been weeks with no showings, no calls and no interest, it’s time for a meeting with your agent.
What to Do if You Have a Bad Real Estate Agent
You’ve tried speaking with your agent. You’ve had not one, but several “Come to Jesus” meetings, and they’re just not coming around. It’s time to let them go.
But you have to be careful and read your contract. Usually, they’ll have you sign an exclusive buyer’s or seller’s agreement that has a defined expiration date. The first thing to do is speak with the agent’s broker and ask them to let you out of the deal. Brokers don’t want to be known as “terrible” in their communities.
If that doesn’t work, it may be time to get a lawyer involved. But if that’s too expensive or impractical, or if nothing else works, you may just have to wait out the contract. If your agent has any integrity at all, it shouldn’t come to this.
In the meantime, you can start interviewing a replacement.
How to Avoid Hiring a Bad Agent in the First Place
Now that we know what a bad real estate agent looks like, let’s talk about how to avoid this whole sordid business from the beginning.
The awesome thing is that we’ve made it really easy for you. All you need to do is get in touch with one of our real estate ELPs. These agents are the best of the best. We wouldn’t endorse them otherwise. Each one goes through a thorough vetting process to make sure they close more houses than 90% of the agents in their market. They have the heart of a teacher and will walk with you through every step of the process, making sure you understand exactly what’s happening so you can make the best and wisest decisions throughout your home-buying or home-selling process.
Find an ELP today!
Interested in becoming an Endorsed Local Provider? Let us know.
Realtor Vs. Real Estate Agent: Differences & Similarties
What is the difference between a Realtor vs. real estate agent?
If you are relatively new to real estate, chances are you have asked yourself about the differences between today’s most popular real estate professions. You may have noticed various industry titles being thrown around, such as real estate agent, Realtor, broker, or salesperson. This can get confusing, especially as some of these titles are often used interchangeably, even though there are distinct differences. Understanding the distinctions between “Realtor vs. real estate agent,” as well as real estate broker, can clarify what type of real estate professional may best suit your needs.
Realtor Vs. Real Estate Agent: Key Differences
The biggest difference between a real estate agent and a Realtor comes down to the certifications for each. You may have heard the terms used interchangeably, and perhaps you have wondered what the difference is between the two. Simply put, while they complete similar jobs, they are held to different standards as established by the National Association of Realtors. To better understand “Realtor vs. agent,” let’s take a closer look at the role of a real estate agent, followed by the role of a Realtor and the qualifications necessary for each.
What Is A Real Estate Agent?
A real estate agent is a professional who assists in buying and selling properties and has obtained a real estate license to do so. Real estate agents can work with residential as well as commercial properties depending on their specialty. Agents can also practice with a certain focus, like a listing or buyer’s agent and a rental agent. The difference between a listing and buyer agent comes down to their primary clientele: listing agents work with sellers to list a home, while buyers agents help aspiring homeowners search for properties. On the other hand, Rental agents work with potential tenants to find rental units within a given area.
To become a real estate agent, professionals must pass a state examination after taking the required coursework. Although licensing requirements vary by state, the average real estate agent will have completed 30 to 90 hours of coursework and must become knowledgeable about local, state, and national real estate laws and practices. Depending on the state, agents are often required to continue their education and renew their licenses every one to two years.
How To Become A Real Estate Agent
Research the age and education requirements in your state.
Enroll in approved real estate education courses either in person or online.
Submit an application (and necessary paperwork) to take the final licensing exam.
Take the real estate license exam and meet the minimum score in your state.
Work with a licensed real estate broker and gain experience.
Apply for your license to begin practicing as an agent.
Continue your education and renew certifications as needed.
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How Do Real Estate Agents Earn Money?
Real estate agents earn money through commission each time they help clients successfully buy or sell a home. Commission is typically between four and six percent of the sale price of a given property and is split between each broker and agent involved in the transaction. Let’s say a property sells at $350,000 with a six percent commission. The listing agent and broker would each get roughly 1.5 percent of the total commission, totaling around $5,250. The buyer’s agent and the broker would also receive the same amount. Real estate agents often work with multiple clients simultaneously to help ensure a stable stream of income through commissions.
What Is A Realtor?
A Realtor is a real estate agent who is an active member of the National Association of Realtors (NAR). Founded in 1908, the NAR is the largest trade association in the United States. Active real estate agents who would like to join the organization must have a valid real estate license and an immaculate professional conduct record. Real estate agents have an incentive to join due to its good reputation, attracting more clients. All Realtors are required to adhere to an extensive Code of Ethics, so consumers may feel at ease knowing that they are working with agents who are thoroughly vetted and have sworn to uphold certain professional standards.
According to the NAR, about half of all real estate agents in the United States are certified Realtors. Many real estate agents choose this path because the organization actively works to protect its members’ interests. As a trade association, the NAR has strong bargaining power in both state and federal governments. This influence can be used to obtain better legal protections and benefits for Realtors across the country. Essentially, while it is not required to become a Realtor, some real estate agents will find this path to be in their best interest.
Two other ways Realtors are different from real estate agents is that they abide by a Code of Ethics and 17 additional Articles.
Code Of Ethics
The National Association of Realtors (NAR) created the Code of Ethics as an enforceable set of ethical guidelines that realtors must uphold and are strictly enforced by real estate boards. It states realtors’ duties to clients and customers, the public, and other realtors, which are more limiting than state guidelines.
The Code of Ethics comprises 17 articles covering different areas of professional standards of practice that must be upheld. Articles one through nine make up a Realtor’s duty to their clients and customers. Articles 10 through 14 state a Realtor’s duty to the public. And Articles 15 through 17 define a Realtor’s duty to other Realtors.
The following are summaries of the ethical duties realtors promise to abide by:
Promote their clients’ interests before their own and treat all parties involved honestly.
Avoid exaggerating, misrepresenting, or withholding facts about the property or transaction that are within the scope of their real estate license.
Cooperate with other brokers when it is in their client’s best interest.
Disclose with their client if they are working with another member of their existing client’s family.
Avoid providing professional services regarding a property they have an interest in, unless it is disclosed to the client.
Receive the client’s consent and knowledge before accepting any form of payment or commission.
Disclose to all parties and receive consent from their client if a payment is to be received from more than one party involved in a transaction.
Keep personal funds and clients’ funds separated.
Ensure all agreements are clearly and understandably communicated between all parties involved in a transaction, and that each party receives a copy of each agreement.
Refrain from discriminating against any person based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.
Competently abide by standards of practice in their real estate discipline, and do not provide services they are unqualified for.
Remain truthful in their advertising and marketing materials.
Do not practice law if they are not authorized to do so.
Present all evidence and cooperate if charged with unethical practice.
Refrain from making false or misleading statements about other real estate professionals.
Do not interfere in another realtor’s contractual relationships.
Handle disputes with other realtors through arbitration instead of litigation.
Is The Word Realtor Always Capitalized?
The word “Realtor” is always capitalized, as the National Association of Realtors has trademarked the term. This is one nominal difference between Realtor and agent, though it can be helpful to note. In 1916, the NAR coined the term “Realtor” as a way for members to distinguish themselves from non-members, later obtaining a copyright and trademark in 1950. The trademark is still upheld by the U.S. Patent and Trademark Office today.
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How To Become A Realtor
Identify and join the local chapter of the NAR in your county or state.
Pay your dues to be a part of the association.
Take and pass an online course on the Code of Ethics.
Adhere to the NAR’s standards of practice throughout your career.
Retake the online course every four years to maintain the certification.
Broker Vs Realtor
To summarize a real estate agent vs. a Realtor, a real estate agent is a real estate professional with a valid license. Agents help people buy and sell both commercial and residential properties. Agents can also become Realtors, active and paying members of the National Association of Realtors (NAR). In this sense, there is generally no difference between real estate agents and Realtors, other than distinguishing between members and non-members of the NAR when it comes to professional duties.
Key professional differences do, however, come into play when looking at a real estate broker vs. Realtor. A broker is a professional who has taken additional education and has passed a special broker’s licensing exam. Although broker exams differ from state to state, the coursework covers in-depth legal issues, operating brokerages, investments, construction, and property management. Real estate agents are often required to practice for several years before they can take the broker’s exam. Brokers are responsible for managing real estate firms and their agents, ensuring legal compliance, and reviewing contracts. There are three main types of real estate brokers:
Designated Broker: Almost every real estate office has a designated broker who ensures the agents are following real estate law. The designated or principal broker is responsible for making sure operations comply. They are paid a commission on top of a base salary.
Associate Broker: Associate brokers work under designated brokers to help with real estate law. They do not, however, oversee real estate agents or Realtors directly.
Managing Broker: Managing brokers are in charge of the day-to-day operations at real estate firms, such as managing and hiring agents. In some offices, managing brokers also manage the administrative work.
While the difference between a real estate agent and a Realtor comes down to professional certifications, the difference between broker and Realtor is much more significant. The roles and responsibilities handled by each professional are different. Although Realtors can become brokers (and vice versa), the two terms are not interchangeable.
How Do Brokers Earn Money?
Real estate brokers earn money through commission, either as a portion of an agent’s deal or their own deals. The real estate agents that work underneath them are required to split the commission with each transaction. Brokers can then increase the amount of income they can make by closing their own deals and earning commission they are not required to split with the rest of the team.
Why Should I Work With A Real Estate Professional?
Any type of buyer or seller should consider working with a real estate professional due to the unique skills and expertise they have to offer. Here are just a few of their qualifications to take into consideration:
Experience: A real estate professional’s sole job is to understand the inner workings of property buying and selling processes. They will inform clients so that they may navigate the process as smoothly as possible.
Location-specific knowledge: A professional will know the ins and outs of local markets, including comparable properties, price points, schools and crime rates. They can also help determine fair and competitive prices, respective to the market and property type.
Negotiation: Another advantage to working with a real estate professional is their ability to serve as a buffer between parties involved. During the negotiation process, agents often help keep waters calm between buyers and sellers, acting as the middlemen.
Professional Connections: Real estate professionals maintain a network with other professionals and previous clients they have worked with. They can provide you with references, as well as help connect you with interested buyers or sellers if so desired.
However, that all being said, it is possible to work autonomously and without the help of a real estate professional. Those who do not mind putting in a lot of time conducting research and mind their due diligence can experience success in their endeavors.
By this time, hopefully, the difference between “Realtor vs. real estate agent,” as well as the distinction between agents and brokers, has been clarified. The real estate industry is robust, with talented professionals taking ownership of each of its unique niches. Whether or not you decide to work with an agent or broker or navigate buying a house on your own, it is important to acknowledge the important work done by real estate professionals.
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Top 35 Singapore Real Estate Blogs and Websites in 2021
1. Property Soul
Notes from a Singapore property investor. The mission of this blog is to share my experiences as a property investor in Singapore and to exchange ideas with fellow investors on accumulating wealth through properties.
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2. 99.co – Singapore’s Fastest Growing Property Portal Blog
Read our latest articles on buying or renting a HDB or condo in Singapore, interior design, renovation ideas, finance, property news and neighbourhood guides. We aim to take away all the tedious bits for you, so that you can focus on enjoying new experiences everyday.
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3. MoneySmart.sg Property
Maximize Your Money! – Make smarter financial decisions with our powerful yet easy-to-use tools and great content. Tips, tricks and uncommon wisdom to help you get more out of your money from property.
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4. iCompareLoan | Resources
Read our home loan analysis to compare the best home loan rates and options to choose the best home mortgage loan for you. To help you find the best housing loan features with the lowest housing loan interest rates, we’ve collected hundreds of data points on different home loan options in Singapore as well as historical home loan packages and rates.
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5. Stacked Homes | Property blog Singapore
Property blog and guide on renting, buying and selling homes in Singapore. We cover the latest in property insights and guides renting and selling directly.
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Bluenest blog provides you with the latest and most up-to-date guides of everything you need to know about selling, buying or renting a property in Singapore.
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7. Stuart Chng Division
Find out about the proven formula that Stuart Chng Division agents and team leaders apply to grow in their sales and team building exponentially for their real estate careers. Follow the real estate investment and career articles written by Stuart Chng for various media and publications.
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8. DARREN ONG & ASSOCIATES
Find out about the proven formula that Singapore Real Estate Agent Darren Ong and Associates and team leaders apply to grow in their sales and team building exponentially in their real estate business in Singapore.
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SecondPropertyInvestors.com | Buying Second Property Singapore
Second Property Investors is a consultation service devoted in enabling home owners and investors maximize investment results in Singapore’s property market.
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10. Selling Singapore
Featuring Properties in Singapore with the Selling Singapore Website. Selling Singapore Nick Tan & Associates are dedicated to bringing only the best value and trust to their clients. Specializing in creative digital marketing and proactive sales strategies, we help our sellers sell well and our buyers buy into a value that fits their objectives. Nick ventured into real estate in 2013. Since then Selling Singapore has transacted more than 800 properties and successfully helped over 500 families and counting with their real estate needs and investment portfolios.
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11. Propwise | Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation. Get free Singapore property reports at top Singapore property blog. Make better buy, sell, rent & investing decisions in Singapore real estate.
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12. DollarBack Mortgage
Providing home loan insights and tips previously well kept within the banking indsutry in Singapore to the general public. Stay updated with the lastest industry information on mortgage loans and packages.
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Buying or Selling a home in Singapore, we give you our promise to walk with you every step of the way. This is Where Your Property Journey Begins
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14. Buy Condo Singapore
Buy Condo Singapore specializes in helping both local and foreign buyers to source and purchase their dream home as well Property Sale and Property Management. Gary started this platform in 2013 to gather the interest of property sellers and buyers to render his professional services. Identified there is a shift in consumer behaviors; one requires information and more in-depth solutions to their existing problem. Hence he revamped the website more to focus more on blog-based to educate and share insights consumers.
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Vivian is a Property Wealth Planner and an active Real Estate Team Leader driven by a strong desire to empower women in pursuing a rewarding real estate agent career. Read the blog articles about real estate investments, real estate property reviews, and real-life real estate case studies. Aspiring property agents can learn more about real estate agent career from the articles on real estate career and case studies!
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16. Real Estate Dad | Singapore Property Agent & Consultant
Real Estate Dad is a resource community for people looking for property and financial advice so that they can give their loved ones the best that life has to offer.
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PropertyNet.SG is your trusted network to Singapore Real Estate. To empower you to make property decision confidently, we collaborate with bankers, lawyers and property agents to provide property guides, market news, updates on rules & regulation and promotions, to keep you ahead in the Singapore Property Market.
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iProperty.com.sg is the fastest growing property site in Singapore that empowers consumers to find and create their ideal homes. Read the latest news on the Singapore property market, follow market trends and real estate stories.
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20. Jack Sheo
Singapore property agent, Jack Sheo, is an award winning property agent whose professionalism and friendly approach has endeared him to many clients.
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21. Estate Magnates
Estate Magnates specialize in finding the right Singapore property to meet your foreign property investment needs! Out of many property websites Singapore is providing, we aim to be highly informative, where you are able to make sound real estate investments without additional help!
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22. Holland Property
News and property (rent and sale) in Singapore’s foremost bohemian hotspot: Holland Village
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23. Yasser Khan
Singapore, Singapore, Singapore
Hello, my name is Yasser Khan. I help Singapore property agents take control of their careers. Most agents do not have a real business, only a tough job with no free time for family, weekends, or vacations. I have the opportunity to train hundreds of real estate agents every month. Follow the blog to know more.
150 ⋅ 1.1K ⋅ 11 posts / year ⋅ Nov 2019 View Latest Posts ⋅ Get Email Contact
24. New Launch Sales
New Launch Sales features the latest launch condo properties in Singapore. Follow to get updates.
Also in Singapore Investment Blogs
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HugProperty is a web-based property platform, which provides potential buyers and sellers with expert knowledge and insights, that are necessary to make informed decisions. HugProperty’s purpose is to help you complete your property transactions effortlessly and effectively using local expert knowledge and latest property tech.
Sep 2016 View Latest Posts ⋅ Get Email Contact
26. Private Property Singapore
Hi, I’m Farrand Hey, welcome to my website – Private Property Singapore! A collection of blog posts on all things related to Singapore Property. Here I write about news affecting the market, educational articles & case studies.
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27. JacQ Ng
Hi, I’m Jacq Ng and I’ve helped hundreds of HDB owners to upgrade and own multiple private properties in their Property Wealth Planning journey. If you are looking for a reliable and patient real estate agent in your HDB upgrading plans, I will be glad to be of assistance.
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Featuring Latest New Condo Launches in Singapore
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29. The Alp Residences
Get insights from the Singapore Real Estate Blog.
Jan 2018 View Latest Posts ⋅ Get Email Contact
Condosale Blog features the latest luxury condominium and apartment for sale in Singapore. Blog article provides information on real investment tips and advice on the latest luxury property trends in the region.
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Propseller is the first ‘search-to-engage’ property agent marketplace in Asia. We compare reviews, historical transactions and commission rates to make you achieve more without stress. Real estate blog for smart people.
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How Many Real Estate Professionals Exist Worldwide ?
by Jeff Hornberger, Director, Global Alliances, National Association of REALTORS®
This question comes up frequently in our line of work. In the United States, the answer is simple: we know there are about 2 million people holding real estate licenses, and about 1 million of them belong to NAR.
But how many real estate professionals are there worldwide?
The numbers are likely 4 to 6 million professionals worldwide, but no official data on this exists, nor is it easily attainable. Why? Many countries do not have real estate license laws, so since the profession is so unregulated internationally, getting any true data is difficult. But what do we know?
- Canada has about 100,000 real estate professionals, where the market is organized similar to the United States.
- In Brazil there are 300,000 licensed real estate professionals, we know this because a group called COFECI-CRECI regulates the profession at a federal level. In the rest of Latin America, regulation is uneven. Panama, Bahamas, and Argentina have licensing, Mexico is trying to get licensing at state levels with some success, and in Costa Rica and much of Central America there is no licensing.
- In Europe there are well over 250,000 real estate professionals, we know this because European real estate bodies called CEPI and CEI represent several national organizations and their affiliated professionals. But they by no means cover each active practitioner, so it would be fair to say the number of real estate professionals could be double that amount.
- In countries like India and China there are likely over a million real estate “professionals” in each country, although the profession is not regulated at all or is uneven at best. India is highly unregulated and while China has a registry system, we just don’t know how many professionals are represented. Africa? By and large the region is unregulated as well, with a few exceptions.
Countries like Japan, Philippines, and Australia do have license laws. Countries like Mexico are working on licensing, and countries like Spain and Poland have “de-regulated” and ended license laws. Dubai and Singapore have very strict license laws, in Singapore you can in fact be jailed for not carrying proper credentials when showing property !
So, bottom line is there is no way of knowing how many “real” real estate professionals there are worldwide but here is what we DO know..
- There is nothing in the world like NAR! Few countries have such a sophisticated real estate market with its professionals so well organized under one united and inclusive trade association.
- Outside of Canada and the Netherlands, MLS systems do not exist as we know it.
- Thanks to globalization and technology, real estate professionalism is improving worldwide. Through NAR’s global partnerships, we share global best practices and lend technical assistance (when asked) to share our “model”. Also, franchises such as Century 21 and RE/MAX have thriving global operations and their presence and expansion in countries also works to standardize real estate best practices on a global level.
While real estate professionalism is uneven globally, most countries do have real estate associations with codes of ethics comparable to that of NAR. NAR works with over 80 of these groups in more than 60 countries worldwide. We highly recommend working with someone from these groups when conducting an overseas transaction. You can search these partnerships on http://www.realtor.org/global/global-alliances.
Additionally, there are close to 5,000 international members of NAR. In order to join the National Association of REALTORS® as a real estate professional from outside of the U.S., practitioners must belong to one of NAR’s partner associations, thereby subscribing to a code of ethics. You can search for International REALTORS® in the member directory, located at realtor.org/findarealtor.
Since communication can at times be challenging, we have a network of U.S.-based member volunteers called “Presidents Liaisons” who, as a member service, are here to assist you with questions about a country and to make introductions.
As you develop global opportunities, use the global NAR network to ensure that you are doing business with real estate professionals who abide by a similar code of ethics to the one we follow in the United States. If you have questions or need additional assistance, NAR staff is always willing to assist! Just email us at [email protected]
House Hunting in … Singapore
Sweeping Views Above Central Singapore
$4 MILLION (5.5 MILLION SINGAPORE DOLLARS)
This four-bedroom, four-and-a-half-bath condominium is on the 30th floor of the Concourse Skyline, a multi-tower, mixed-use development on Singapore’s southeastern waterfront.
The 2,174-square-foot apartment overlooks many of the city-nation’s signature attractions, including the Singapore Flyer Ferris wheel, the Singapore Sports Hub and the Gardens by the Bay. Completed in 2014 in Singapore’s District 7 — an area now being revitalized, with prewar buildings being renovated or replaced by new developments — the Concourse Skyline is close to museums, restaurants, schools and the island’s business district.
“It’s quite a nice area, a mix of old and new,” said Huan Mei Han, the head of research for List Sotheby’s International Realty Singapore, which has the listing.
The apartment is divided into three spaces, with two bedrooms at one end, common spaces in the center and two bedrooms on the opposite side. The open living and dining rooms have marble tile floors and a wall of glass with sliding doors that open to a spacious balcony overlooking Marina Bay. The kitchen, with off-white counters and De Dietrich appliances, is off the dining room, along with an adjacent half-bath.
The Concourse Skyline development, completed in 2014, has 360 units, including six penthouses.Credit…List Sotheby’s International Realty Singapore
Down a small hallway past the kitchen, two bedrooms have large windows. One has a walk-in closet and an en suite bathroom with panoramic views of a different swath of the city. The other bedroom uses a hall bathroom. A small hallway leads to the other living area, with a smaller bedroom, bathroom and study, as well as the master suite with an adjacent study.
The development has 360 units, including six penthouses. The development’s amenities include a 164-foot pool, a Jacuzzi, wellness facilities, meditation deck and sauna, green open spaces with barbecue grills, and a pond on one of the rooftops. The development also has a covered bridge to the Nicoll Highway Mass Rapid Transportation station. Singapore Changi airport is about 25 minutes by car.
The sovereign city-nation of Singapore has a highly diverse population of about 5.6 million residents and one of the world’s highest rates of homeownership, due largely to a robust public-housing program that allows residents to own homes subsidized by the government.
Historically, government steering has kept the housing market stable, said Ismail Gafoor, the chief executive of PropNex Realty, Singapore’s largest private real estate company. Following the global financial crisis of 2008, for example, prices dropped by about 30 to 40 percent before rebounding within a year, Mr. Gafoor said, after the government boosted demand for housing by incentivizing immigration for skilled workers. Singapore’s population grew from roughly 4.2 million in 2005 to 5.5 million in 2015.
An increase in the supply of public housing has also resulted in falling prices in that market.
In the private sector, prices have been rising. Only about 15 to 20 percent of Singapore’s housing stock is private, said Kent Soo, an agent with Real Center International Private Limited, a Singapore agency. Mr. Soo said private-sector prices have been rising since 2017, when many buyers who had been waiting to react to government measures implemented in 2013 — including a mandated reduction in debt — decided to enter the market.
In 2018, the market cooled when the government raised the rate of stamp duties that most foreigners, and in some cases locals, pay on residential real estate. (Buyers from the U.S. and several other nations were exempted.)
The private housing market in Singapore is now characterized by two trends: reduced volume, due in part to government efforts to maintain sustainable price growth, and a slight rise in prices caused by an uptick in big-ticket luxury transactions. Ms. Han said several new superluxury penthouses sold this year, raising the property price index.
Geographically, Singapore’s property market is divided into three general regions: the Core Central Region, which has the highest caliber and highest priced properties; the Rest Of Central region, which surrounds the core; and the Outside Central Region, where prices are typically lower. Agents also mentioned Sentosa, a neighboring island with luxury properties, where foreigners can buy landed properties without restrictions. However, Mr. Soo said Sentosa has been struggling to attract buyers, and prices have fallen there because people tend to prefer the Core Central Region.
In the Core Central Region, a two-bedroom, 1,000-square-foot apartment might cost 3 million to 3.5 million Singapore dollars ($2.2 million to $2.5 million), while in the Outside Central Region, prices for a similar two-bedroom typically range between 1 million to 1.5 million Singapore dollars ($725,000 to $1.1 million), Mr. Gafoor said.
Ms. Han said that newer luxury condominiums start at 5 million Singapore dollars ($3.6 million), or around 3,000 Singapore dollars ($2,200) per square foot.
Who Buys in Singapore
Mr. Gafoor, citing government figures, said that most buyers in Singapore come from mainland China. The second largest market is Malaysia, and the third is Indonesia. The rest come from countries including India and the U.S.
Ms. Han said that based on government statistics, about 20 percent of the buyers of residential properties in the Core Central Region are foreign. About 65 percent of the buyers of that area’s luxury offerings are legal permanent residents of Singapore from other countries.
As part of its effort to regulate the real estate market, and because of its small surface area, Singapore imposes certain restrictions on foreign buyers.
For private residences, “Foreigners are permitted to purchase an apartment or condominium units in and around the city, or apartments and houses at Sentosa Cove. For other properties, for example detached houses, foreigners need to first obtain approval from the Land Dealings Approval Unit before making their purchase,” said Peen Fung Lim, a director of Yuen Law LLC, a Singapore law firm, via email.
The process typically takes between several weeks and several months, he said.
Denny Lin, the legal general manager with Apex Law, a Singapore firm, said being a permanent resident and making an economic contribution to Singapore can help one’s chances of approval, which is administered on a “case by case” basis.
There are two modes of owning residential property in Singapore: Some homes are purchased in perpetuity, with a freehold title. The other option is leasehold, whereby properties are typically leased for either 99 or 999 years. A longer lease term fetches a higher price, Mr. Lim added.
Buyers and sellers each retain a lawyer, who typically charges a flat fee. For a 5 million Singapore dollar ($3.6 million) property, Mr. Lim estimated the lawyer’s fee would start at 5,000 Singapore dollars ($3,600), in addition to a 7 percent goods and services tax.
Buyers must pay a stamp duty, the rate of which is based on the purchase price or market value, whichever is higher. In addition to the base stamp duty, foreign buyers from most countries — excluding citizens of the U.S. and citizens and permanent residents of Iceland, Liechtenstein, Norway and Switzerland — pay an additional 20 percent in buyer’s stamp duty.
As an example, Mr. Lim said, a property valued at 5 million Singapore dollars would incur a stamp duty of approximately 165,000 Singapore dollars ($120,000), and an additional 1 million ($725,000) if the buyer is foreign and not from a country exempt from the additional stamp duty.
Mr. Lin added that sellers, not buyers, pay real estate commission. Buyers needing a mortgage pay associated fees of several hundred dollars, which are sometimes folded into the legal fee.
Languages and Currency
Chinese, English, Malay and Tamil: Singapore dollar (1 Singapore dollar = $0.73)
Taxes and Fees
Monthly condominium fees are about 390 Singapore dollars ($285), plus a 7 percent goods and services tax. Annual property taxes depend on whether it is owner occupied or rented out. If this condominium is owner-occupied, the estimated tax would be 114,000 Singapore dollars ($83,000), Ms. Han said.
Veniz Kwong, List Sotheby’s International Realty Singapore, (011 65) 9455 6592
For weekly email updates on residential real estate news, sign up here. Follow us on Twitter: @nytrealestate.
8 Best Property Agencies in Singapore (2021)
Property agencies exist for two sides of a coin: people who want to sell their real estate property and buyers looking for a new home. For someone who’s looking to sell their property, a skilled and experienced property agency will make sure you’ll be able to sell your property at top dollar. Meanwhile, for someone who’s looking for properties to invest into, a trustworthy property agency will guide you through the process of looking for quality options, show you the projected benefits and downsides of investing in the property now, and finally, when you’ve already found the property you can’t let go, they’ll make sure you’ll be able to buy it for the best price in the market.
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Whichever side of the coin you are, choosing the right property agency can be a bit of challenge especially now that there are many names out there to choose from. To save your time and energy from all the guesswork, we’ve compiled a handy list of the most recommended property agencies in Singapore.
1. Jack Sheo
Source: Jack Sheo
Jack Sheo is an award-winning real estate property agent with over 10 years of experience in the industry. He currently leads his team of agents under the name Jack Sheo & Associates. Their specialties include sale and purchase, rental and tenancy as well as wealth planning. Whether you need to buy a new home or you need some expert advice and expertise in property management, Jack Sheo can help you find the best deals and assist you in managing your multiple real estate assets.
2. Michael Nge & Associates
Source: Michael Nge & Associates
Have you ever wondered how some people manage to sell their property at a speedy rate of no longer than 30 days? Perhaps, there are a few things missing in your marketing strategy. Maybe a slight revamp and rearrangement is what your home needs to increase its value. By working with Michael Nge & Associates, you don’t have to worry about these things as they know exactly what’s needed to attract potential buyers and sell your home at a price that’s higher than your expectation. The team can implement both online and offline marketing strategies, host an open house, oversee the home makeover, hire some professional photographers to take captivating details of your property and use their stellar negotiation skills to seal the deal.
Rated 4.9 from 1,131 reviews, Ohmyhome is a popular and reliable online platform in Singapore where you can post a property for sale or for lease or search for a property that you can buy or rent. Are you getting married soon, or perhaps a newly married couple looking for a new home to move into? Ohmyhome makes the house hunting process more convenient and less stressful as you get access to hundreds of properties 24/7. Plus, you can also work with one of their reliable property agents who can help you weigh in the pros and cons of buying a property and negotiate with the seller for the price that you’re willing to offer.
Address: 11 Lorong 3 Toa Payoh, Jackson Square Proptech Innovation Centre Block B, #04-17, Singapore 319579
Tel: +65 6886 9009
4. Pinnacle Estate Agency
Source: Pinnacle Estate Agency
Pinnacle Estate Agency uses their marketing and negotiation expertise for both sellers and buyers. Buyers can easily browse through the listings they post on their website to find their dream property and even take an interactive 3D virtual tour. It’s like getting a thorough overview about the property way before your actual visit! This also works to the advantage of individuals looking to sell or lease their property at a faster rate since the listings and virtual tour effectively attract potential buyers and tenants.
Included in their full suite of services is an accurate property valuation. If you’re not sure how much your property is worth, you can get in touch with them and get proper assessment to make sure you’re not selling below or above the fair price point.
5. Property Lim Brothers
Source: Property Lim Brothers
While they can cater to both sellers and buyers, they’re your best pick if you’re looking to sell your property in less than a month. One of the reviews written about them regards them as one of the property agencies in Singapore with the best marketing effort. And indeed, it’s true that they’re marketing strategy is superb. Taking advantage of social media, they shoot captivating home tours utilising crisp, sharp, high-quality videography and they upload these videos on YouTube—you’ll feel like you’re watching a home and urban living-focused TV show. Through these insider tours, potential buyers can imagine what it’s like living in those homes, and most probably excite them to be the first one to bid on the property! Part of their marketing efforts is they’re incredible home staging ability which transforms any space into a lively, chic, modern and sophisticated abode.
Propseller makes it clear right on the get-go that they only charge a strict 1% commission for their services regardless of whoever they’re working with, whether buyer or seller. If you’re looking to buy a property, aside from the fact that they’ll help you throughout the process of your house hunt, this means that you’ll be paying for something that’s closest to a direct seller’s price.
7. Real Estate Dad
Source: Real Estate Dad
Whether you’re on the hunt for HDB, condo or landed property, Real Estate Dad can speed up the process and help you find the best home for your family within your price range. Real Estate Dad is also experienced in wealth management, so if you own multiple properties, they can assist you with that as well. If you’re looking to sell your property, the starting point would be the assessment of the property’s value. Real Estate Dad offers free valuation, so you can contact them to determine the price range you should assign for your property.
8. Stuart Chng & Associates
Source: Stuart Chng & Associates
Providing in-depth coaching and trainings to all their real estate agents, Stuart Chng & Associates is more than capable of assisting property buyers and investors throughout the process of acquiring real estate properties. Their services range from virtual property viewings to consultation with their in-house bankers and lawyers. Thus, you can be sure that every purchase is legal and fairly priced.
I hope that this article has helped you to determine the right property agency to work with, whether you’re looking to sell, lease, buy or rent a property. Please also share this with your family and friends who might be looking for a reliable and trustworthy real estate agent.
HOMES.RU – Analytics: Singapore and Business
Real estate in Singapore has risen in price in recent years and will continue to rise in price, and there are several reasons for this, in many ways, by the way, similar to the reasons affecting the Moscow real estate market.
Singapore is, in a sense, Moscow for Southeast Asia. People and capital from all the surrounding countries flock here – Malaysia, Indonesia, the Philippines, and even China. The share of wealthy Chinese investors buying Singapore apartments has grown particularly strongly in recent years.
In the coming years, Singapore will continue its immigration policy aimed at increasing the population, and mainly at the expense of highly paid professionals and businessmen. Over the past 10 years, the population has increased from 4 to 5 million, and over the next 5-7 years, the population is expected to grow to 6 million.
The limited territory of Singapore also does not allow building too much. And, of course, Singapore continues to maintain the status of a financial and business center, and where there is a lot of money, real estate simply cannot be cheap.Business activity strongly heats up the commercial real estate market, and it pulls up residential real estate.
And in general, unlike many neighboring developing countries, the flow of investment to Singapore has never stopped. There may be only minor fluctuations in dynamics, but in general the city-state firmly holds the proud title of the Asian tiger.
By the way, according to Bloomberg, Singapore property management trusts showed the highest rates of return in the world in 2012.
This was facilitated by an increase in rental rates, a general rise in prices and low interest rates on loans in Singapore banks.
So what are the prices of private residential property in Singapore in numbers?
Realtors conditionally divide the city into 3 zones:
1. Central – This includes the most prestigious areas for living around Orchard Road. There are many streets buried in greenery with private properties; some of them do not have public transport, despite the close proximity to the main trade artery of the city; the most expensive hotels and embassies are located here; it is here that all the exclusive is located – from luxurious high-rises to residences with bungalows and vast territories.Prices for such housing can go up to several tens of millions of dollars, but there are also standard projects. Prices start from about $ 35,000 per square meter.
2. Adjacent to the center – Holland Village, Bukit Timah, Thompson, Balestier, East Coast, Marine Parade – quite prestigious areas with prices ranging from 20,000 to 35,000 per sq.m.
3. Everything else – west, east and north of Singapore, as a rule, is relatively recently built housing (condominiums), with very decent quality and all the necessary amenities – by and large, this level can be considered elite in most countries.Prices per square meter – from $ 10,000 to $ 20,000 for a finished home.
90,027 90,028 Modest income of millionaires 90,030
As mentioned earlier, it is much cheaper to buy at the initial stage of construction. Indeed, for the buyer it is often a long-term investment, for 5-10 years or more, and the developer is interested in selling the project as soon as possible. Therefore, prices at the time of “launch” are at such a level that, having bought at this point, the buyer was sure that the price increase and the subsequent rental rate will cover all payments to banks and bring him a profit.
The average expected return on private housing under construction is about 30-40 percent in the first 3 years while the project is still under construction. After it is put into operation, the profitability for the investor rises, as the rent is added.
But in addition to this standard scheme, there are also purely speculative resale. The purchase at the earliest stage is especially appreciated – during the so-called VIP presentation, for their own people – many specialists of this market earn hundreds of thousands of dollars from one such operation in a couple of months.
Buy or Rent?
Since buying a private home in Singapore is an impressive investment, most transactions are made on credit. There is also inequality here: if a citizen of Singapore can count on 80% of borrowed funds from a bank, then a foreigner can only count on 50%.
It is quite obvious that renting an apartment is the most popular method of solving the housing issue in Singapore, working in this way both for investors and for those arriving in Singapore for long, but not permanent residence.
If a foreigner can buy far from any housing in Singapore, then there are no restrictions on renting.
With a limited budget, you can even rent an apartment or a room in HDB.
A room for a long term will cost from $ 600 per month, and a 2-room apartment – from 2000.
An apartment in a condominium in the lower price range (20-30 minutes from the center by car or 1 hour by public transport) will cost at least $ 2,500-3,000 per month, and in more prestigious and central areas – $ 5,000-10,000 or more.
You can also rent a separate house or bungalow with its own territory – prices here start from 5-6 thousand dollars per month.
Keep in mind that when apartment advertisements indicate the number of rooms, they are only referring to so-called “sleeping” rooms. That is, considering the option “2 bedroom apartment”, it should be understood that the apartment is actually three-room, since it will also have something like a hall or a walk-through common room.
The selection of apartments is quite simple and fast – you can contact numerous real estate agents, but they usually do not satisfy the interest of those who have not yet reached Singapore, because the market movement is fast enough and no one will reserve the apartment they like. more than a few days.
Standard rental periods are 1 or 2 years. Look for agents from the landlords – then you won’t have to pay any additional commissions. True, the duty (stamp duty) for registering a lease agreement will still have to be paid. It will amount to about 4% of the monthly rent, but both the owner and the tenant are fully protected, and no fraudulent rental schemes are practiced in Singapore, as well as cases when housing was not completed are unknown.
Singapore, laaaaa – LiveJournal
Updated: blog moved to teletype.in / @ sglah
Wonderful, world-famous hotel Marina Bay Sands stands on reclaimed areas from the cut hills of the villages of Bedok, Siglap, Tampinis!
For buzzers, I insert a meme into the topic, you can not read further:
And the alluvial land project itself was actually called East Coast Reclamation, so please! Technically, not quite then Marina Bay is the center of the city, since it is built on
unjustly squeezed foundation transferred from the hills of the East!
At first I thought it was a bike, but then… This is how the southeastern regions of Singapore looked on a topographic map in 1945:
Source: NUS Historical Maps of Singapore
Pay attention to the presence of heights over 100 meters, the absence of a reservoir Badok, and in general … Where is the subway? .. Where is the highway? .. Where to ride a wakeboard? .. Where are whores? .. How to live?
But, probably, they did not chip with 5G antennas as actively as now.
Let’s take a look at the map hanging behind the backs of the guests of honor who opened the East Coast Reclamation project back in 1963:
Source: National Archives of Singapore
A thin line along the coast, to the very floodplain of the Kalang River, led a conveyor belt, one and a half meters wide, and with a total length of as much as 26,000 meters!
Let this number settle… Twenty-six kilometers of conveyor belt. In Singapore, almost 60 years ago. No, well, now they are building under 100 km, but it was then, so many years ago, in our country, in Singapore, not in mines, but right “in the area”!
This one was divided into phases, with which the Marine Parade area, a pillow under the East Coast Parkway (ECP), and even the park of the same name were poured along the way:
Source: Singapore Institute of Architects
Source: National Archives of Singapore
At the end of the conveyor, sand cut in the east was poured from a high bulldozer:
Source: National Archives of Singapore
Then, probably, they were equated somehow.In the background there is a bulldozer, I think that it is the same as now, during the construction of the mega-port of Tuas.
And at the very beginning of the conveyor, I cut off such a mining excavator. Just like in some coal mine of Kuzbass, in the distant and native northern latitudes:
Source: National Archives of Singapore
Source: National Archives of Singapore
This photo may have been taken where people are now watching Netflix at and chillate:
Source: National Archives of Singapore
Here the tape rises and crosses some road:
Source: National Archives of Singapore
In one of the phases of the project, a temporary pier was built to unload sand onto barges, from which it can either be brought to Marina Bay, or directly and added:
Source: National Archives of Singapore
Probably discussing what to order for lunch through Grab Food:
Source: National Archives of Singapore
Rotate 90 degrees… to the right. Well, think. To the right.
Source: National Archives of Singapore
I found several newsreel footage in the video of the Temasek holding, which includes the engineering corporation Surbana Jurong, which either managed or was a contractor for the project. So skip to 1:30 if you want to see how the slides were cut and washed up at Marina Bay:
So, while sipping juice in the Infinity Pool, on top of Marina Bay Sands, don’t forget where the sand comes from! From the East, of course!
I propose to commemorate our buried hills on this occasion.
It would be possible to train on them on a bicycle, or even run …
What are your favorite slides in Singapore?
Would you cut something if it was your will?
Digital Marketing Tips for Real Estate Agents
- What You Know and Don’t Know
- Defining Your Goals
- Sales Funnel
- Social Media
- Your Business Website
- HTTP vs. HTTP
- Boost Your SEO
- Local SEO
- Local SEO
- Content Marketing Strategy for Blogs
- Take Care of Your Customers
Digital real estate marketing is an extremely challenging task.However, other industries have succeeded in developing effective approaches to solving such problems. Similarly, these problems can be overcome with regard to property. Competition is one of the biggest challenges for real estate agents. Hence, it is important to use any method that will give you an edge in the market and increase your profits. Many business owners fear unconventional ways to achieve their goals in an established industry. However, with the rise of digitalization around the world with a particular focus on Singapore, digital online marketing is the single best option.As Singaporeans transition and adapt to digital marketing, this gives you a great opportunity to promote your real estate agency. This article describes ways to promote your real estate agency in Singapore.
What You Know and What You Don’t Know
You already know about local tenders in Singapore as a real estate agent. You know about the demographic population that is your customer and is bound to become potential home buyers.What’s more, you know your knowledge of the community and how much effort you put into marketing your brand is what builds the backbone of your business. By now, you should know that most Singaporeans are looking for the best real estate agency online. The Internet currently provides home search sites and listing services from leading companies. You need to put more effort into protecting customers in the current business trend as most people have moved from the traditional system.Keeping up with these changing trends is an ongoing process and you don’t need to feel pressured. You will keep your marketing knowledge, but add a few new tools to help you keep up with the average online transition. In this regard, we want to give you some tips to help you successfully promote your real estate agency in Singapore.
Setting Your Goals
Setting your business goals is vital before developing a digital marketing strategy.You need to accurately assess your goals in order to have an effective attack plan when developing your strategy. For your goals to be achievable, they need to be specific and measurable. Decide what you want to achieve and keep it specific enough – measurability means your goal should be realistic in both business metrics and timing. Goals don’t have to be unrealistic. In the highly competitive real estate industry, especially in Singapore, everyone wants to outperform their competitors.Rather than generalizing your goals, such as generating leads, you should articulate your goal as creating ten leads every month. This way, your business will be broken down into manageable pieces that are easily achievable.
The sales funnel consists of four stages. It starts with the awareness stage in which you sell your business brand to online users for familiarization. In the second stage, interested customers turn into potential customers.Then, you teach them how to become your business customers during the decision-making phase. Finally, you will lead your customers to purchase your products and services. We may not help you complete a sale, but we can help you at a critical stage in creating the foundation for traffic acquisition and the decision-making process for converting customers to leads. This is accomplished by setting up your agency on online platforms. The next step is to make them valuable through content marketing. Content marketing includes ebooks, blogs, images, polls, and videos.Massive subscribers won’t come overnight, so patience is key. Remember that your target audience is doing their research before they can go to a real estate agency, and therefore you need to be on their platforms to get their attention. You need to develop a sales funnel for the future.
There is no better way to start your own real estate agency than through social media. Most Singaporeans are available on most social platforms including Facebook, Twitter, Instagram, and LinkedIn.In addition to interacting with your real estate agency’s clients, more Singaporeans are logging onto social media to learn more about their potential real estate agencies. For the best results from social media platforms, you should make sure that you use quality blog posts to educate your clients, take note of the thoughts of online users, communicate directly with them, and make an effort to promote your community, rather than focusing only on yours. agency.What’s more, video sharing via social media, especially live videos, is the perfect way to reach more online users. The benefits of social media marketing include gaining trust and support from your online subscribers, as well as increasing your online presence, which will have a significant impact on your business’s SEO website.
Your Business Website
Your business website acts as the face of your business on online platforms and is critical to directing traffic to your website.Since most Singaporeans use mobile devices to access real estate websites, you cannot afford to have a poorly optimized website. Your website needs to be mobile optimized to rank higher on the search engine results page. The reflection of your business is being viewed on your website. A real estate agency offers high quality photography on your website so that your followers will see you as an attractive agent.Photos say a lot about your site. Avoid spammy websites full of information. Thus, it will be easy and quick for your subscribers to access your site from any device. Try to display your catalog of works using photos of designer cues.
Most estate managers use the Internet Data Exchange (IDX) form. It has become the industry standard and you are just hurting your agency by not having it.This software acts as a benchmark for the functionality of your website, giving your customers a reason to come back. IDX stores the information that online visitors are looking for, thereby directing them to your sales funnel. One of its main uses is to integrate MLS listings into property search searches. Some of the IDX guidelines include keeping it up to date, publishing IDX listings only when the seller wants it to be listed, and providing IDX listings and information to third parties not bidding.Others include providing IDX with information that is not MLS compliant, and failing to comply with MLS policies and property listings that are not approved by the MLS.
HTTP versus HTTP
Your clients need to build trust with your real estate website. One way to gain trust is to get an SSL certificate for your https url, not http. This ensures that users are safe on the site on which they can share information. You can consult with a web design company to help you create a good website for your clients.They have seasoned professionals with experience in real estate agencies to help you realize your web design goals.
Search Engine Optimization (SEO) is one area you can’t afford. Most interested real estate buyers or sellers start with a Google search to find a potential real estate agency. The search engine results page (SERP) is highly competitive where you need to specify to have an extended marketing field.SEO helps your business rank higher on the search engine results page for more visibility. Relevant content, reliable bank links, and quality web pages will help your website rank higher. Higher rankings are the result of a combination of your site’s reliability and quality technical specifications. Keyword research is essential to reaching your demographic audience. You want to establish what exactly your target audience is looking for.
Boost Your SEO
One effective way to improve your search engine rankings is to use quality and relevant content to search for a specific keyword. Make sure you don’t overuse keywords. Second, your site should be free of dead-end links and inaccessible pages. Linking your business website to social media accounts is great for converting leads.Accordingly, your website should be mobile responsive as most of the internet traffic comes from mobile devices. Finally, fast page load times prevent your visitors from leaving frustration. Try dynamic SEO best practices.
Instead of just boosting your search engine page rankings with search engine optimization, you want to get relevant local traffic.You can use Google Analytics to check if you can reach your target local audience in Singapore. To optimize your local SEO, you need to digitize your online assets and your locations. Local online users are more likely to reach out to potential customers. To do this, you need to specify target locations and city as keywords. Moreover, you must list all your areas of activity on your website and include an address or map.Your business addresses should be the same across all platforms and build credibility by asking for feedback from past customers.
Online advertising is a great method to build your online portfolio. The Google Ads platform uses CPC to make your ad appear in the ad section. Social media ads are more focused on brand awareness rather than lead conversions. Instagram and Facebook use CPM while LinkedIn provides both CPM and CPC pricing based on your choice.You need to properly plan your ad spending to ensure a higher ROI. Classic ads will help owl people click on your real estate agency, not your competitors.
Content Marketing Strategy for Blogs
Content Marketing can give you the advantage of becoming a nominee real estate agency in Singapore. Most people make important decisions and think carefully about buying a property. Visitors are unlikely to visit your site if you are just doing simple advertising.You need to convince them with expert blog posts about the industry. Thus, clients see you as a leading expert with knowledge of all industry research topics. Home buying and community articles take care of your local consumer’s demographics. More in-depth blog posts showcase your expertise and allow you to stand out above other business competitors. Upload blog posts to all your social media platforms and website to promote your real estate agency.
Take care of your customers
Networking is vital in digital marketing because you take care of your customers. Networking helps you maintain close relationships with old and new clients. Real estate agencies are very much about keeping in touch with your clients. In this way, they can put you in touch with their close family, friends, or colleagues who require similar services. The best way to reach customers is through email marketing.The point is, it has a higher ROI, which makes it more rewarding. For more effective email marketing, improve your customer base by making definitive priority lists by engagement level and using drip campaigns to increase interest rates. Send relevant emails to the clients you want to nurture. It is much more convenient to automate the process. While email marketing is a viable method for attracting customers, it takes time and optimization.
Real estate agency digital marketing is similar to other industries. However, it has its own unique challenges. Your digital marketing should include developing and establishing internet dominance in order to grow your subscribers and drive people through the sales funnel. Use all available platforms, making sure your social media account is well up to date and active, and your website is easily accessible and properly traffic optimized.Maintain your customer base by regularly creating blogs as a way of content marketing as well as tracking them by email. These strategies will lead to massive lead generation for your real estate agency and allow you to stay ahead of your Singaporean competitors. There are many digital advertising agencies in Singapore that you can consult to help you set up your online agency. You just have to act today, and your future will be grateful to you.
Buying real estate in Singapore: procedure for foreigners. Part 1 | by International Wealth | International Business
Singapore is one of the most expensive cities in the world. This applies to all aspects of life (food, transport, taxes, etc.), but the biggest “delight” is the cost of rental housing, which is at times different for residents and non-residents. Therefore, many foreigners would like to become the owners of their own house or apartment
It is believed that in Singapore it is not customary to “let” non-residents into the real estate market, but this is not entirely true.With due perseverance and knowledge of the laws, buying and selling is quite feasible, although it is replete with many pitfalls. In this article, we tried to describe in detail all the subtleties and features of the procedure, but without deep diving into the specifics.
Attention! If you need expert assistance on this matter, please contact the experienced specialists of the Internationalwealth.info portal (e-mail [email protected]). We will also be glad to offer you a selection of materials on doing business in Singapore:
Foreigners are quite limited in their rights when buying real estate.So, some of its types are generally inaccessible to them, transactions on others are associated with serious difficulties. This is regulated in the basic Residential Property Act (1973). We also note that in the event of a conflict of interest, unconditional priority will be given to the citizens of Singapore.
Current restrictions (but not prohibitions!) On the purchase:
- Free (unoccupied, undeveloped) land.
- All types of houses with adjoining land plots.
- Public apartments HDB (Housing and Development Board).
To buy such a property, you must have a special permit from the Land Office (Administration) of Singapore.
What can be bought without a special permit:
- Small-area apartments in residential complexes.
- Houses with plots on about. Sentosa.
- Objects (not all!) Without land plots.
There are quite a few of them, but foreigners should take a closer look at three of them: condominiums, HDB apartments and executive condominiums. Note that the rules and regulations of the real estate market may change, so before taking any specific steps, be sure to consult with an expert of our portal.
We would call them luxury homes, which is essentially true. These private homes provide residents with a full range of basic amenities, including swimming pools, sports halls, courts, playgrounds, barbecues and 24-hour security.
Arguments in favor :
- Excellent infrastructure.
- There are no time limits for ownership, sale and rent.
- It is possible (although not without difficulties) to acquire foreign citizens.
- Good dynamics of real estate growth (important if you plan to rent an apartment).
Arguments “ versus ”:
- Quite high cost (especially when directly compared with similar HDB apartments).
- Increased monthly payment for additional services.
- May be subject to recovery if the owner is declared bankrupt.
One of the options to get around the restrictions of the Residential Property Act is to obtain permanent resident status (PR – Permanent Resident). To do this, it is necessary to invest in real estate in the amount of 2 million SGD, half of which is allowed to be used in the private residential sector. The legal basis for the procedure was laid by the Global Investor Program (GIP).
These apartments are the most affordable. According to statistics, up to 75-80% of Singaporeans live in them. But it will be quite difficult for a foreigner to obtain permission for a transaction.
- Relative availability.
- In the event of the owner’s bankruptcy, it is almost impossible to sue the HDB apartment.
- Low maintenance costs.
Arguments “ versus ”:
- Difficulties with registration of the transaction for non-residents.
- Limited options for renting or selling.
- Term of ownership – no more than 99 years (then the apartment is transferred to the state).
- Underdeveloped infrastructure.
They are a kind of hybrid of conventional condominiums and HDB apartments. They offer owners almost all the advantages of both types of housing (infrastructure, cost, rent, etc.), but significantly limit the subsequent purchase and sale.
- 5-year prohibition on the right of sale for the first owner.
- During the next term (5-10), the executive condominium can only be sold to a citizen of Singapore.
- Any transactions with foreigners – only after 10 years of ownership.
Participants in the transaction
First of all, we note that direct purchases under the “seller-buyer” scheme are not accepted in Singapore. Therefore, the direct participants in the transaction will be 2 agents (realtors): yours and the seller.Searching for a suitable option on your own is absolutely ineffective, and not least due to the fact that there is only one real estate base in Singapore, so it is possible that you will visit the same properties over and over again.
Options at the choice of the intermediary:
- Random, in Singapore itself.
- Random, in the Russian Federation.
- Realtor of the seller. Oddly enough, there is such an option too.
- Expert of our portal. It is not customary to praise yourself in the circle of gentlemen, but it is also stupid to argue with facts.We provide an excellent level of service, a complete absence of risk and are not inclined to “cheat accounts”. Everything is transparent and formal. But if you want to take risks …
Procedure for the election of the Singapore parliament – RIA Novosti, 10.07.2020
Procedure for the election of the Singapore parliament
Procedure for the election of the Singapore parliament – RIA Novosti , 10.07.2020
Procedure for the elections of the Parliament of Singapore
According to the Constitution of Singapore (1999), the Parliament and the President constitute the legislative power in the country.RIA Novosti, 10.07.2020
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According to the Singapore Constitution (1999), Parliament and the President constitute the legislative power in the country.Parliament is composed of elected MPs and nominated MPs. Most parliamentarians are elected by popular vote in single-member (SMC) and multi-member (GRC) constituencies. In multi-member constituencies, political parties run from three to six candidates. At least one candidate must be from an ethnic minority. Along with the elected MPs in parliament, there are two other categories of appointed parliamentarians. The first category – MPs who participated in the electoral process, but did not receive a majority of votes in the elections.They are appointed from among candidates nominated by opposition parties but not elected by the number of votes cast for them. Up to 12 MPs can be nominated from among the candidates with the highest number of votes, and up to nine Members of Parliament (NMP) can be appointed by the President of Singapore on the recommendation of a special elected committee of parliament chaired by the Speaker. The current parliament has 111 members, and 93 deputies will be elected in the constituencies in the 2020 elections.Singapore has 17 multi-member and 14 single-member constituencies in the 2020 general election. Parliament is elected for a five-year term, but can be dissolved at any time before its term expires. According to the Law on Parliamentary Elections, the President, on the advice of the Prime Minister, dissolves Parliament and issues an order for the Election Commissioner to hold new elections. A general election must be held within three months of the dissolution of parliament. By-elections are held when a seat in parliament is vacated from a single-member constituency, or when all MPs from a multi-member constituency vacate their seats.The Elections Department of Singapore is in charge of the elections. In 2020, the day of nomination of candidates was set for June 30, early elections will be held on July 10. Citizens of Singapore who have reached the age of 21 and are not deprived of the right to vote have an active right to vote. They must have a NRIC (National Registration Identity Card) with their residential address. Voting in Singapore is compulsory; all citizens of the country whose names are included in the voter lists must cast their votes.Non-voters cannot vote and are disqualified from being a candidate in any subsequent presidential or parliamentary elections. A non-voting person may have their name restored to the register by submitting a statement to the registration officer explaining the reason for their absence from the election. If the reason is not valid, a fee of S $ 50 will be charged to the voter. Good reasons are: work abroad (including a business trip), study abroad, illness, etc.e. Foreign voters can vote in overseas polling stations. Citizens of Singapore who have reached the age of 21 and are registered in the electoral rolls can run for parliamentary elections. They must have lived in the country for 20 years and have a reasonable level of proficiency in spoken English, Malay, Mandarin or Tamil. Candidates wishing to run for parliament must complete a candidate nomination application and provide a document confirming payment of an electoral deposit, which is approximately S $ 500.The application is signed by the candidate himself, the person nominating him for membership in parliament, the person supporting the candidate, and at least four other proxies. All of them must be registered in the voter lists. The nominated candidates are then entered on the candidate lists. Each candidate must appoint an electoral agent to manage expenditures during the elections. A candidate can appoint himself as his electoral agent. According to the law, the lists of candidates must be published no earlier than five days and no later than one month after the date of submission of the written notification of the elections.If only one candidate or one group of candidates is nominated, the electoral commissioner shall declare them as MPs. If more than one candidate or more than one group of candidates is nominated in an electoral district, the election commissioner sets the date for voting. After that, the campaign period begins, which ends 24 hours before voting day. The amount of money spent during this period for each candidate should not exceed four Singapore dollars per voter.Campaign posters can be displayed on street lamp posts and trees along public roads, and must not be placed within 50 meters of the polling station. In accordance with the law, political parties, candidates and their agents can use information from the voter lists to contact them … They can apply to purchase voter lists, but they are not allowed to use the information for commercial purposes. On election day, the publication of electoral advertisements, campaigning, demonstration of political propaganda and holding pre-election meetings are prohibited.However, candidates may still wear party logos or badges that indicate their affiliation with a political party. Voting takes place on election day from 8.00 to 20.00. The ballot paper is issued to the voter upon presentation of an identity card or a document replacing it. After receiving it, he goes to a special booth, puts an “X” in front of the selected candidate, and then throws the document into the ballot box and leaves the polling station. After the elections, the voting results are counted and the winners are determined.The number of seats in parliament depends on the number of votes received. The election results are published in the official government newspaper of Singapore. After the elections, each candidate and his appointed electoral agent must report expenses and submit a declaration, money is returned within 31 days from the date of publication of the results. ballots and other documents used in the elections are sealed and stored in a safe place for six months after the vote, after which they are destroyed, unless otherwise prescribed by a presidential decree.There are special rules for voters in Singapore effective May 26, 2020. Persons infected with COVID-19 will vote in special polling stations. Additional measures will be taken to protect voters from the coronavirus, in particular an increased number of polling stations to avoid crowding. All voters are required to follow the rules, wear masks and keep their distance. The material was prepared based on information from RIA Novosti and open sources
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reference, Singapore (country)
According to the Constitution of Singapore (1999), the Parliament and the President constitute the legislative branch of the country.
Parliament is composed of elected members of parliament and appointed members of parliament.
Most parliamentarians are elected by popular vote in single-member (SMC) and multi-member (GRC) constituencies.
In multi-member constituencies, three to six candidates stand for political parties. At least one candidate must be from an ethnic minority.
Along with the elected members of parliament, there are two other categories of appointed parliamentarians. The first category – MPs who participated in the electoral process, but did not receive a majority of votes in the elections. They are appointed from among candidates nominated by opposition parties but not elected by the number of votes cast for them.Up to 12 deputies may be nominated from among the candidates who received the largest number of votes.
Also, up to nine Members of Parliament (NMP) can be appointed by the President of Singapore, on the recommendation of a special elected committee of parliament chaired by the speaker. The current parliament has 111 members, and 93 deputies will be elected in the constituencies in the 2020 elections.
Singapore has 17 multi-member and 14 single-member constituencies in the 2020 general election.
Parliament is elected for a five-year term, but can be dissolved at any time before the expiration of its term. According to the Law on Parliamentary Elections, the President, on the advice of the Prime Minister, dissolves Parliament and issues an order for the Election Commissioner to hold new elections. A general election must be held within three months of the dissolution of parliament. By-elections are held when a seat in parliament is vacated from a single-member constituency, or when all MPs from a multi-member constituency vacate their seats.The Elections Department of Singapore is in charge of the elections. In 2020, the day of nomination of candidates was set for June 30, early elections will be held on July 10. Citizens of Singapore who have reached the age of 21 and are not deprived of the right to vote have an active right to vote. They must have a NRIC (National Registration Identity Card) with their residential address.
Voting in Singapore is compulsory; all citizens of the country whose names are included in the voter lists must cast their votes.Non-voters cannot vote and are denied the right to stand as a candidate in any subsequent presidential or parliamentary elections.
A non-voting person may restore his or her name on the register by submitting an application to the registration officer explaining the reason for absence from the election. If the reason is not valid, a fee of S $ 50 will be charged to the voter. Good reasons are: work abroad (including a business trip), study abroad, illness, etc.e. Foreign voters can vote in overseas polling stations. Citizens of Singapore who have reached the age of 21 and are registered in the electoral rolls can run for parliamentary elections. They must have lived in the country for 20 years and have a reasonable level of proficiency in spoken English, Malay, Mandarin or Tamil. Candidates wishing to run for parliament must complete a candidate nomination application and provide a document confirming payment of an electoral deposit, which is approximately S $ 500.
The application is signed by the candidate himself, the person nominating him for parliamentary membership, the person supporting the candidate, and at least four other proxies. All of them must be registered in the voter lists. After that, the nominated candidates are included in the candidate lists.
Each candidate must appoint an electoral agent to manage expenditures during the elections. A candidate can appoint himself as his electoral agent.
According to the law, the lists of candidates must be published no earlier than five days and no later than one month after the date of submission of the written notice of the elections.
If only one candidate or one group of candidates is nominated, the Election Commissioner shall declare them as MPs. If more than one candidate or more than one group of candidates is nominated in an electoral district, the election commissioner shall set the date for voting.
After that, the campaign period begins, which ends 24 hours before voting day.
The amount spent during this period for each candidate should not exceed four Singapore dollars per voter.
Campaign posters can be hung on the poles of street lamps and trees along public roads, they are not allowed to be placed within a radius of 50 meters from the polling station.
By law, political parties, candidates and their agents can use information from voter lists to contact them. They can apply to purchase voter lists, but they are not allowed to use the information for commercial purposes. On election day, the publication of electoral advertisements, campaigning, demonstration of political propaganda and holding pre-election meetings are prohibited.However, candidates may still wear party logos or badges that indicate their affiliation with a political party.
Voting takes place on election day from 8.00 to 20.00.
A ballot paper is issued to a voter upon presentation of an identity card or an equivalent document. After receiving it, he goes to a special booth, puts an “X” in front of the selected candidate, and then throws the document into the ballot box and leaves the polling station.
After the elections, the voting results are counted and the winners are determined.The number of seats in parliament depends on the number of votes received.
The election results are published in the official government newspaper of Singapore.
After the elections, each candidate and his designated electoral agent must report expenses and submit a declaration, money is returned within 31 days from the date of publication of the results.
Ballots and other documents used in the elections are sealed and stored in a safe place for six months after the vote, after which they are destroyed, unless otherwise prescribed by presidential decree.There are special rules for voters in Singapore effective May 26, 2020. Persons infected with COVID-19 will vote in special polling stations. Additional measures will be taken to protect voters from the coronavirus, in particular an increased number of polling stations to avoid crowding. All voters are required to obey the rules, wear masks and keep their distance.
The material was prepared on the basis of information from RIA Novosti and open sources
It’s time to streamline the agency business in Thailand (Part 2)
Duensing Kippen lawyers are confident that sooner or later, agency business regulatory bodies will be created in Thailand.Control will be either internal or external.
One of the examples of internal regulation of the agency market is the National Association of Realtors of the USA, which is already represented in 100 countries of the world. Photo: Williamborg
In the first part of this article, we discussed how Thai real estate agents differ from their counterparts from other countries. We have concluded that there is no agency market regulation in Thailand. At the same time, in other countries, agencies are regulated either by the forces of professional associations and associations (internal regulation), or by the forces of the state at the level of laws (external regulation).Both of these approaches are common in developed countries, and they must inevitably take root here in Southeast Asia.
As an example of internal regulation (or self-regulation) of business, we have chosen the US National Association of Realtors (NAR). It has representations in more than 50 countries of the world, the number of members is more than a million. The code of professional ethics and standards of work of the NAR, which all members of the association must adhere to, has existed for over 100 years.
About half of the NAR Code deals with the rules of conduct for real estate agents towards their clients. According to these rules, the real estate agent must be honest with the client in all respects. This applies to the conclusion of transactions, negotiations with the other party, property valuation and even the cost of services. From the point of view of the NAR, the real estate agent should care more about the interests of the client, and not about his own, that is, be his “confidant” in the literal sense of the word.
Real estate agents are also required to have certain professional skills. And in case of any questions that go beyond their competence, refer clients to the appropriate specialists (for example, lawyers or accountants).
The NAR Code also regulates the actions of a real estate agent in relation to society as a whole. Someone may have a question: “Why regulate relations with society?” We think that the NAR would answer like this: “Everything that concerns us is our profession.”In other words, if industry representatives want people to trust them, they must behave ethically, not only towards their customers, but also towards society as a whole.
Among other things, the NAR Code regulates the conduct of real estate agents in relation to each other. This ensures that in the event of a dispute between two realtors, the conflict will be resolved in a civilized manner, quickly and efficiently, as required by the rules of the NAR.
At the same time, the NAR code binds its members with strict obligations.Any violation can lead to sanctions, including suspension of membership in the NAR or even expulsion from the association.
Another option for regulating the activities of real estate agencies is legislative. A good example is Singapore’s 2010 Real Estate Agents Act.
The first third of the Law sets out and details the responsibility of government agencies to oversee compliance with the law.Thus, section 28 of this law states that all “real estate agents” must be licensed, and article 29 provides that “sellers” must work only with licensed agents and must be registered themselves.
Any violation of Section 28 is punishable by up to one year’s imprisonment and / or a fine of up to 1.9 million Baht (local currency equivalent), plus 190,000 Baht for each day of violation after sentencing. Any violation of Article 29 is punishable by up to one year in prison and / or a fine of up to $ 600,000.baht.
The next few articles of the law detail the duties and responsibilities of real estate agents and sellers. Perhaps the most important duty, under Article 42 of the law, requires both the real estate agent and the seller to adhere to a code of “practice, ethics and conduct”.
The current version of the code has 16 sections covering about 75 pages. Among other things, the code requires real estate agents to be honest, competent, maintain a professional level, and take care of the client’s interests.
It is strictly not allowed to simultaneously represent the interests of the buyer and the seller, even if the client gives his consent to this. Any violation of this rule carries a penalty of one year in prison and / or a fine of up to 600,000 baht.
The real estate agent must also take care of insurance for the client, which will cover damage from any illegal actions on the part of the parties to the transaction. Finally, real estate agents are required to upgrade their qualifications annually (the number of training hours is also defined by law).
Pursuant to article 52, any violation of the code is punishable by a fine of up to 1.9 million baht and / or suspension / revocation of the agent’s and seller’s licenses.
We believe Thailand needs similar mechanisms. Sellers, buyers and professional real estate agents will benefit from this.
Duensing Kippen is a law firm specializing in real estate, corporate and commercial law and related civil and arbitration proceedings.For communication: [email protected] Attention: The above considerations are for reference only.
Realtor Alexey Tymoshchuk spoke about the specifics of buying real estate in Singapore
It is no coincidence that Singapore occupies a leading position in the ratings of cities with the highest quality of life. The crime rate here is practically zero, the locals are friendly to foreigners, and the salaries are very decent. It’s no surprise that many people are considering moving to Singapore.Realtor Tymoshchuk Alexey Borisovich spoke about the peculiarities of acquiring housing in this city.
Types of available properties
It will not work to become the owner of any object you like, no matter how much money you have. Since 1973, Singapore has had a law restricting the purchase of certain types of real estate for foreigners, including bungalows, government apartments (HDB), as well as any objects with a land plot. They can be purchased only with a special permit, which is quite difficult to obtain.Therefore, Russians can only count on the purchase of condominiums, apartments in small residential complexes and other objects without land plots.
The most demanded type of real estate among foreigners is condominiums. They have a fairly well-developed infrastructure, often including a swimming pool, children’s playgrounds, barbecue areas, and so on. Condominiums are more expensive than HDB apartments, but you do not need to be a resident of Singapore to buy them.
Peculiarities of registration of the transaction
Almost all real estate transactions are carried out with the participation of realtors.Often, the buyer does not even meet with the seller in person: a specialist is involved in all the paperwork, object selection, and so on. In Singapore, there is no need to contact several real estate agencies at the same time: they all work with a single database of offers. There is no need to pay for the services of a notary separately: his functions are performed by the realtors themselves (if they have the appropriate license).
It is recommended to carefully check the seller’s documents confirming his ownership of the property.Alexey Tymoshchuk also advises to make sure that the seller is not bankrupt before making a deal (in this case, the money must be transferred to the account of the manager of his property).