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Category: Property investment; Singapore market; private housing prices; imoney

Is It Possible To Sell Property Without An Agent?

Property owners often think whether they can sell the property of their own or not. This line of thought pops up in mind because there is cost involved along with additional procedures and countless meetings. And some people do not want to involve a third party unless it is absolutely required.

The simple answer to the question is – yes it is possible for property owners to sell by themselves. There is no law in Singapore that says one cannot sell the property of his / her own! But for that they need to be equipped with related information, should know in and outs of property selling and must have an idea about the selling procedure.

In a demand driven real estate market like Singapore, owners often think of selling their existing property and buying a new one. With the continuation of price cooling off since mid 2013, many property owners have already sold their property in a bid to hunt for new ones. Urban Redevelopment Authority announced that about 27,000 public housing flats will be ready to sell in 2014. And according to industry experts, 95,000 new private units will come on the market over the next five years.

Property market outlook for Singapore

Tenancy-in-Common
The following article is a guest posting by iMoney (Intelligent Money), which was founded in Malaysia in April 2012 and started out with a team of three. It took 14 days to get from an idea to a fully functional website. The company’s vision was (and still is) to simplify financial matters for consumers, thus helping them make better decision.
Property prices in Singapore are among the highest globally. This market has always been a demand driven one. That is because Singapore is a commercial hub, connecting the whole of Asia with rest of the world. The country attracts business people, professionals and executives from across the world. As a result, demand for both office space and housing have persisted over time.  

Property

Apartment prices are on the raise
Apartment prices of Singapore’s core central region including Orchard Road district increased by 49% and prices in the suburbs that are popular with middle-class people increased by 70% since the end of the global financial crisis in 2009. According to a Channel NewsAsia research, household debt was 77.2% of the gross domestic product at the end of March 2013. It was just 64.4% in 2007. But the property prices grew by 120%
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