How to tackle Housing Problems in Singapore

1. How to tackle Housing Problems in Singapore The realestate market in Singapore has developed into a blooming market. There are a lot of people who study this market and want to know the trends of the market. It enables them to study the market so that they can invest wisely. If you also want to know the intricacies of the real estate market then you should try to take help of a real estate agent. 1.Through the course you will know the latest trend and the latest incentives of house for sale in Singapore like the new Silver Housing Bonus of up to S$20,000 had been introduced for Singaporeans aged 55 and above who wish to sell their existing flats and buy a three-room or smaller HDB flat. 2.It has been observed that this will enable them to save some money for their retirement years. It will provide a bonus that will provide S$15,000 in cash and S$5,000 to the seniors' CPF accounts. It has been apparent that to benefit from the scheme, the homeowners will use the proceeds from the sale of their previous home to top up their CPF savings up to the prevailing Minimum Sum. 3.If you know all the rules and regulations that has been made in the Condos purchase market through the CEA Approved RES Course Provider you will be a big gainer. You will also know that through the Lease Buyback Scheme, the people of Singapore can sell part of their lease back to the Government, has also been enhanced to complement the Silver Housing Bonus. The Government has doubled the amount from S$10,000 to up to S$20,000, of which S$15,000 will be paid in cash. 4.It has been made clear by the government that they will allow the people to keep a few of cash proceeds from the sale of HDB flats. So this is an added incentive for them. The details of the scheme will be made public after a meeting during the Committee of Supply Debate. 5.It has been observed by the property analysts agreed the measures could help seniors release their savings, so these benefits could be used for other uses as well by the beneficiaries. The incentives given by the government may tempt certain

2. people, but not everyone. A few may be tempted to downgrade to their larger house to a small apartment if the location is good or if the bonus is more than enough. 6.It has been found that the people want to move in the same social network area so they will want to shift where their other friends are shifting so that their social network is maintained. Another advantage is that many seniors want to shift to studio apartments. The studio apartments are gaining popularity and they are practically designed to suit their needs. Moreover, they have all the amenities that look after their needs like senior activity centres. You will be aware of all these facts from the house for salefor the people of Singapore.