Category Business

Basic Things to Consider When Buying Property in Singapore

When looking to buy property in Singapore, it is necessary to have knowledge that pertains the market. The fact that there are different dealers makes it challenging to get the right quote. Every person tries to paint a good image about what they are selling, thereby making it hard for the buyer to identify any flaws. Therefore, getting the right details about something you are about to buy is vital. Very few dealers will take their time to educate their customers about market practices and procedures for easy acquisition. Well, this is not to mean that you cannot get real quotes when buying property. Here is a simple guide that will help you to get the best deal.

Don’t believe the hype

As mentioned earlier, no dealer will come out with details that show flaws in what they are selling. They always try their best to win the confidence of the buyer. To avoid making the wrong choices, it is advisable to conduct research about the property you want to buy. Go through different pages that list properties as well as reviews so as to obtain useful information that can help when making choices. Inspect the area to know whether the prices listed for that property match with its use.

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Location and fieldwork

Accessibility is a major factor to consider when inspecting property. Check to ensure that there are good access roads. If you are looking to buying a condo in Singapore, it is good to confirm whether there are schools nearby. No one would like to travel long distances just to access some basic services. Walk around the area you are looking forward to buy so as to get the right picture of the availability of necessary services.

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Consult with experts

To get facts about any changes in the market, consulting with experts comes as a mandatory consideration. They know more about what that property entails and are able to advise when it comes to buying. For new buyers, getting to the market can seem more of a challenge. This is the reason one needs to get an expert so as to make the right buying decisions. Do not rush to pay before getting clarification about availability of everything that is needed. Also, there are people who can help you to calculate the resale value of that property as well as its real value. Most people spend more on things they later regret buying, just because they did not take time to seek for facts.

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Inspect smartly

Most buyers are deceived by the way something looks on the outside. This could lead to losses when one realizes there are missing items that are supposed to make that property complete. For this reason, it is necessary to inspect keenly before finalizing the purchase. Visit the site several times to confirm whether everything that is needed is intact. Do not fear to ask questions about several issues that don’t seem clear. Failure to do proper inspection could attract more expenses in form of repairs in the near future.

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Consider your financing options

Most home buyers get their finances from different sources. If payment is to be made in parts, it is important to consider the reliability of the source one has at any moment. If there is a secure stream of money, then paying in parts could be possible. Others rely on mortgage, but the real issue is to identify the interest rate attached to it. 

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Buying property in Singapore is one of the easiest procedures if one is equipped with the right information. Getting facts about the market before finalizing the deal is the best way to cut on costs that come with ignorance.

 

 

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Tips When Looking for Condos in Singapore

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When moving to Singapore for a year or a number of years, finding a place to rent is vital for success. When looking at the real estate market for available condominiums in Singapore to rent, it can be overwhelming. However, keeping these tips in mind can help people when they are looking for condos in Singapore.

 

Understanding Reality

Singapore, like many other cultures in the world, does things in a particular way that may seem backwards or upside down to outsiders. While there is nothing wrong with having a different way of doing things, it is important to remember that Singapore is unique and distinct. Understanding this reality can help people when they realise that renting a condominium in Singapore is unique.

 

Having Help

It is highly recommended that people who are looking for Singapore condos identify a reputable real estate agent for assistance in finding an appropriate place to rent. Keep in mind that in order to view a condominium, an individual must contact a property owner or his or her representative. It can be quite challenging to contact the right people and view a place at an appropriate time. A real estate agent can help clients find condominiums in Singapore that can fit into a budget or a specific location in which they want to live.

 

Furnished or Unfurnished

Some Singapore condos are fully furnished with everything that one could imagine. It can be a great benefit not to bring unnecessary furniture, beds and other miscellaneous items that can be extremely costly to ship. However, if a particular item were to break, it would be extremely costly to replace. Some landlords may try to ask for a higher price to replace a broken item. When considering a condo, bring a camera and take pictures in each room about what items the landlord owns. It may be better to ship in furniture and personal belongings than to use furnishings that are already there.

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Location, Location, Location

It can be easy to read about a condominium in Singapore that is close to various amenities and has transportation to places within a community. While visiting a particular condominium in Singapore, do some research about whether there is truly great transportation around the building. There are some condo for rent near Tiong Bahru MRT. Ask a tenant if an advertisement is true about parking or local bus stops. Asking questions about a location can save people problems.

 

A Good Clause

Before officially signing documents to rent a condo in Singapore, be sure that there is an expatriate clause that guarantees a return of a security deposit if the lease has to be cancelled. After all, an employer may decide to move an employee after six months instead of the two years that was originally promised. Property owners have expatriate clauses, and do not accept excuses if one cannot be found.

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Singapore can be an amazing place to live. People can find the condo in Singapore that they want. Although there is time and patience that is required, the results are worth it.

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What Next From Vinod Sekhar After Green Rubber

Some would call him a chip off the old block. Others would say the spirit of his late father lives on in him, but whatever one says, the fact remains that Datuk Vinod Sekhar shares the late Tan Sri Dr BC Sekhar’s passion for rubber.

And taking from the foundation built by the elder Sekhar, Vinod has spent the best part of the late decade with a team of scientists to improve and perfect the DeLink process of recycling rubber – the world’s only patented method of doing so.

Today, as President and CEO of the Petra Group, Vinod is excited as he speaks of developments in recycling rubber. And soon he will have a brand new plant which will recycle discarded rubber tyres, in Malaysia.

Plans are also afoot to build other plants around the world to recycle the estimated 1.3 billion tyres that are discarded globally and turn them into usable products that are of benefit to mankind.

The effect of this transcends the recycling sector and even enters health – specifically the containment of dengue which is now a major problem in Malaysia, with hospitals sending patients home to recuperate.

Dengue which is spread by the Aedes mosquito breeds and multiplies in discarded tyres that contain water – a cause of the disease’s spread in Malaysia and other Asian countries with lower levels of awareness compared to more developed countries.

Coming back to recycling, however, the fact remains that discarded tyres are a major source of pollution, no thanks to the tyre mountain that exist in some countries. This causes chemicals in them to seep into the soil, raising concerns of a potential environmental catastrophe.

Vinod’s Green Rubber Global Ltd, a subsidiary of the Petra Group, is already providing its technology to the Timberland Company which, since 2009, has produced shoes where the soles are made from recycled rubber.

The DeLink technology that is used for the rubber recycling process has since been improved and bettered to now be more efficient thanks to Vinod and his team of scientists.

Starting with the Timberland Company, the world is now recognising Green Rubber, which is what the recycled rubber is called, as a major discovery of the 21st century. We await with bated breath on what else Vinod and the Petra Group will come up next.

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Searching for Property in Singapore for Foreigners

Singapore has become one of the most ethnically diverse islands anywhere in the world. The multi-cultural state sits on the edge of the Malaysian Peninsula and is home to millions of expats from international companies. The island’s cultures include Asians from other countries, Buddhists, Hindus, and Muslims. Thousands of American and European expats live in Singapore.

 

Expat Communities

Most of the expats in Singapore have traditionally lived in the Central Business District of the city in the downtown area, and along Singapore’s East Coast. The district is where most foreign companies based their operations. However in recent years, most employers no longer pay for expat housing because it’s getting too expensive. Singapore has efficient Mass Rapid Transit, making the island’s communities easily accessible for commuters. Today, property in Singapore for foreigners is available all over the island.

 

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Central Business District is popular with many expats for the proximity to shopping and restaurant.

 

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Bukit Timah Road and Orchard Road is one of the most desirable districts for foreigners.

 

Singapore’s Different Districts

Singapore has 28 distinct districts. Many of the foreign schools are on the northern tip of the island, so a lot of foreign families with children search for housing in the northernmost districts. The Central Business District is still popular with many expats for the proximity to shopping and restaurants. Some of the most desirable districts for foreigners looking for property in Singapore are the areas between Bukit Timah Road and Orchard Road, the centrally located districts of 9, 10, and 11. The Central Business District has an array of upscale condos, and district 15, which is on Singapore’s East Coast, is highly sought after.

 

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Become resident of Singapore expats can enrol their children in local schools that have an outstanding reputation for quality education.

 

Residency in Singapore for Expats

Government authorization is required for foreigners who want to own property in Singapore. The law applies to stand-alone properties that are on acreage or have a yard. The process to buy free-standing property may take up to a year to complete. The advantage of becoming a resident of Singapore is that if you have children, you can enroll them in local schools that have an outstanding reputation for quality education.

An expat may apply to become a Singapore Permanent Resident if they want to stay in Singapore for a long period. Becoming an SPR is a good option for an expat who wants to live in the country for at least five years and may apply to:

• Professional and technical skilled workers
• Global investors
• Financial investors
• Arts and culture

 

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No restrictions for foreigners when buying condominium in Singapore.

 

Condo Options for Foreigners

Although there are strict requirements for foreigners who want to buy free-standing property in Singapore, no restrictions exist for buying a condo. If you’re in Singapore for a brief period, you may want to rent. However, if you’ll be on the island for a period longer than two or three years, buying a condo may be your best option. Traditionally, most expats lived in Bukit Timah, Orchard Road, or Tanglin. Sentosa Cove, one of the newer developed regions, has become popular.

Today, expats are searching for property in fewer expensive areas including Woodlands and Serangoon Gardens. Woodlands is popular with American expats because of the American School. The area is on the beach and has parks and jogging trails. Generally speaking, the further from Singapore’s Central Business Sistrict you are, the less you’ll pay to buy or lease a condo. The exception to the rule is what is referred to as “black and white” houses. The homes were built in Singapore’s Colonial era. The houses are highly sought after by British expats and are very expensive, no matter which district they’re in.

 

Why foreigners invest Real Estate in Singapore

Although massive high-rises dot the landscape, Singapore has more than 3,000 hectares of green space. The Singapore Botanic Gardens encompass 74 hectares. Singapore has hundreds of bars and restaurants, museums, markets, and shopping centres.

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4 Factors Entrepreneurs Should Consider When Establishing a Start-Up in Malaysia

Many people have great business ideas from time to time. Some may occasionally say that a new product, service or invention may transform the world or benefit customers, and these may be true money-making ventures. While some people may have a great business idea periodically, entrepreneurs have the desire to turn that great idea into a money-making venture. If you have been thinking about establishing a start-up in Malaysia, you should consider a few points to ensure the best overall results with your new project.

 

Nice Office Environment

 

Your Office Space

Many potential clients and customers may develop an opinion about the success of your venture based on the type and location of your office space. Most start-ups in Kuala Lumpur are run out of a house, but the fact is that renting professional office space may help you to project the successful image that your desire. You may search for affordable space that meets your needs and that has a recognizable address. For example, there are some relatively well-known streets in most major cities and towns that are home to other established businesses.

Support Services

In addition, you should consider how you will obtain the support services that you need. Your company may benefit from administrative services to help you answer your calls, send faxes and complete other basic tasks. You may need help making copies, and you may also need access to infrastructure like a conference room, a break room or other areas. One idea is to use Servcorp Malaysia’s serviced offices. This is an affordable solution that can help you to create a professional image to others and that provides support services as needed. You can also find serviced offices in most other developed areas.

Assistance Connection with lawyer or law firm

 

Legal Assistance

There are legal rules and requirements that can limit business activities in most countries around the world. Whether you are establishing a start-up locally or you have plans to market your products or services in other markets, you need to be aware of the laws that will impact your business. You may also need help with contracts and complex issues. While you may not need to use the services of a lawyer every day, you may find yourself seeking legal advice or even asking a quick question from time to time. Because of this, it may be beneficial for you to find a lawyer or law firm that works within your niche area and to establish a relationship with this professional.

Financial Advices from accountant or financial adviser

 

Financial Advice

Along that same line of thinking, you may also benefit from working with an accountant or financial adviser for assistance with your finances. Almost every business decision you make will have tax consequences and financial ramifications. There may be more effective or beneficial ways or times to complete certain plans, and you may obtain the best advice about when and how to execute your business plans when you work with a professional financial adviser or accountant. This may be a professional that becomes very familiar with the financial aspects of your business and that provides all accounting services, or it may be a professional who you largely work with for consulting and advice. You can make this relationship work to benefit you and to be cost-effective for your budget.
While you may be able to get your start-up off the ground with success without following these tips, you may find that your efforts are simplified and more productive when you have the right support and infrastructure in place. From the selection of your office space to hiring in-house staff members and contractors to work for you, you want to take time to lay the groundwork your business needs up-front. This will pave the way for improved growth and success over the months and years.

Factors That Entrepreneurs Should Know

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3 Tips for Taking Your Business Online (No Matter What Your Business Is)

If a person runs a company, he or she will want to take their business online. If one doesn’t do this, he or she is going to struggle to compete with other entrepreneurs who take the plunge. While true, one needs a good attitude and an understanding of how things work. Luckily, with these three tips, one can take their business online and make more money in the process.

The right software: Without the right software, it’s not easy to run a business online. Remember, when trying to compete with well-funded companies, an entrepreneur can’t leave things to chance. No, he or she must use e-commerce software. With the right software solution, one can reach out to thousands of potential clients from around the globe. Then, with greater efficiency, a small business owner can bring in more revenue without investing too much money or time on any given project.

The prefect website: With a decent website, one can go pretty far online. In fact, with a nice site, one will have to do very little marketing on their own. Instead, with a Web store and well-written content, a business owner will watch as people find the site organically and spend money without second thought. To create the perfect site, it’s wise to hire a professional Web designer who can create a masterpiece. At the same time, and just as importantly, it’s wise to hire a professional content writer who can take the time to write decent content that converts visitors into buyers. When doing this in a wise and straightforward manner, the site owner will bring in more revenue.

Don’t forget about mobile: The truth is, if a site owner forgets about mobile commerce, he or she is selling their idea short. Not only that, without a mobile website and mobile payment solutions, a site owner will see as others in the industry crush his or her corporation. Luckily, again, with a decent Web designer and a solid plan, one can build their online presence and find plenty visitors from tablets and smartphones, which is crucial for any growing business.

When looking to create an online presence, a business owner must think of his or her short and long-term needs. Luckily, when coming up with a solid plan, an entrepreneur will make money with ease. That is, once a business owner acts on his or her ideas and builds their online presence, they will get results.

 

 

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