If you are an australian citizen and you are overseas as a non-resident you can accrue your income tax losses each year and these losses can be used to offset any capital gains tax in the future.

Manic – we are aussies working in Singapore – we have a great accountant here who specialises in aussie expats and investment properties – i…[Read more]

They manage our place in Scarborough.

They are excellent – have recommended them to a couple of other forum members.

Mei

New Release
Stage 4 Lindsay Beach
Stage 4 at Lindsay Beach is due for release at the end of March 2006. Approvals are currently being finalised with the expectation that the land will go on sale at that time.

Stage 4 is located at the southern end of the estate closest to the Lagoon Beach and foreshore reserve, and is close…[Read more]

Oh i totally agree with you that it’s only a paper gain atm however if we were to sell tomorrow…. we Would get $1000 psf… this is based on the resales that have already been transacted.

I don’t believe prices at sentosa cove will fall….. it is a very unique project – nothing else like it in Singapore – there is a huge demand from…[Read more]

Check out http://www.sentosacove.com.sg — alot of money going into this whole developmnt and alot of money already been made by investors in this high end luxury market.

Next condo to be lauched Sept this year.

We bought into the first one at $765 per square foot. http://www.theberth.com

Second condo was was launched…[Read more]

Hi guys,

Haven’t been on the site for a while and thought I’d update what has been going on…..Not sure if anyone is really interested but here goes….

The titles for our block in Wellard have been delayed till June…. Will build on that as soon as titles come out and rent it out.

Also picked up a block in Capricorn Release…[Read more]

We’ve been working in Singapore for 10 years and we have dealt with Commbank here. We used an unsecuritized property we had in Perth to borrow $160,000AUD. The interest rate was 3% but you have to watch out for the exchange rate. Potentially money can be made if the rate goes up.

EG: our loan was $160,000AUD changed to SGD at 1.2573 =…[Read more]

Thanks for your replies.

I called summit homes… http://www.summitprojects.com.au – they do everything from the initial feasibility study – to getting council approval etc etc.

Has anyone built with these guys? or know of any other reliable builders of villas/townhouses?

Marisa – I have pm’ed you.

Thanks, Mei

Looking at either building a single and 2 doubles or 2 singles and a double – the block is elevated and there would be great views of Karrinyup from a second storey.

Thanks, Mei

In Perth on holiday till the end of Jan and hoping to get the ball rolling.

Anyone have any builders they can recommend for building villas/townhouses?

Thanks, Mei

Will surprise the parents first in the morning – spend xmas morning there then go over and surprise the in-laws in the afternoon!

Can’t wait!

Mei

We deal with the Commonwealth bank direct. They just send out the documents – we go to the Australian High commission to get the documents witnessed – $24 a signature. Easy!

Mei

And no I don’t really care what you do with your free time – just making an observation.

Firstly Dazzling — yes I should have said about the 3k refund in the initial post – was distracted by a crying baby and had to cut it short…. not all of us have hours to surf the internet everyday – like your goodself!!!! I just read a post where you had spent the last 90 minutes surfing for commercial property! You must have alot…[Read more]

Lawry – just sent you a PM.

Ken – Sorry – I’m not 100% sure but I think banks will now lend 90%.

My cousins flat is in Hougang Central and yes it is an executive flat – block 851. Just did a search – there is one on the market in block 833 for $470,000.

Are you any closer to purchasing your semi-d? Good Luck with this.

Mei

Does anyone know if those 3 planned high rises are going ahead or still being debated?

Thanks, Mei

I’m “Desert Spice”.

Mei

How exotic!!!!

My baby daughter is also a quarter chinese – as I am eurasian – can’t tell though as she has blonde hair and blue eyes!!! [biggrin]
Her eyes are a little almond shaped though – and I think her hair will get darker as she gets older. Can you tell you have any chinese in you?

My grandmother is from mainland china. My mum is…[Read more]

Thanks for your replies. Yes the agent did issue a new lease to the new tenant but did not change the bond over to her name.

The problem now is I can’t p*** the agent off as we are due to get a $3000 GST refund from them as the ATO recently passed a ruling stating Aussie expats did not have to pay any GST from 2000-2005. They are not…[Read more]

True – it is closer to Indonesia…A long time ago CI used to belong to Singapore.

Mei

Lucky I didn’t listen to you when we spoke on the phone! I would have missed out on a good deal!
[blink]

Mei

Since you are Singaporean I assume you would have some CPF here?

The govt has recently changed the deposit structure from 20% down to 10%. And of this 10% you can use 5% from your CPF and 5% cash.

Unfortunately we bought our condo before this change so we had to fork out $300k instead of $150K as the deposit.

We are PR’s here and…[Read more]

Check your private messaages on the left – just sent you one.

Mei

That aerial photo of The Reef is pretty cool.

Looks like prices for stage one have gone up already – now it says on their website – blocks from $174,000. A couple of weeks back it said from $169,000.

Mei

Did you see the article in yesterday’s business Times?

Sentosa Cove land up 65%. Those who bought their land at 3mill will be laughing – now worth 5mill.

Mei

Release 11 goes on sale this saturday.

Price list is out… Glad we got in – in the earlier stages – but prices still reasonable compared to other estates.

http://www.thevillageatwellard.com.au/files/Release%2011%20prices%20_1_.pdf

See ya, Mei

Thanks for your pm.

Anyone else know anything about Xmas Island?

Thanks, Mei

You say…

“””I still find it “too risky” for myself, to be able to safely invest into the Singapore property market at this point in time, even though I am presently and seriously contemplating to.”””

???

Where are you contemplating?

Also Rikky, language is not a problem here – nearly everyone speaks English – or ‘Singlish’ as it is…[Read more]

It’s called The Reef – http://www.thereef.net.au

Blocks from $169,000—- looks like we all got a good deal at Capricorn [biggrin]

Mei

The average price at Sentosa Cove is not 5 million – that’s for the houses – not for condos. The average price for the condo we bought into on Sentosa is 1.5mil.

The Azure – a new condo opposite the Berth on Sentosa- was launched last week. All sold in a few days. Avg price around 1.8mil.

Alot of foreigners investing in the Sentosa…[Read more]

Districts 9 10 and 11 are in Orchard, Tanglin
Holland and River Valley. Very expensive areas.

Good idea investing your rental allowance into property.

I think condo’s around the 2 future casinos will do well. The Carribean/ The Berth/ The Sail at Marina Bay.

We bought into The Berth.

Websites to look at are: http://www.8links.com…[Read more]

Picked up lot 63 today.

Only a couple of cottage lots left.

Thanks Ausprop and KP for your help.

Mei

Do you really need 2 blocks!!![biggrin]
Give me my corner one back – joke…

Tried to pm you but can’t.

Mei

Spoke to Mike – apparently stage 6 released this weekend. Mike said he would email me the price list. Will see what is on offer.

Mei

Did you guys end up getting a block?

Mei

But if there are campers – he takes care of them.

Marisa, – Good luck in persuading your husband.
Let us know how you go.

Mei

I’m absolutely fuming…. 6 weeks ago – I flew down to perth to buy at the village at wellard.

We were also looking for another block. Took marisa’s advice and went to look at S beach.
Had 2 contracts drawn up for a corner block $138k and lot 19 – $145k…. by the time I got back to Singapore – spoke…[Read more]

May be worth camping – if prices are going to go up like this?

Wayne (the real estate rep) really looks after the campers. He gets flood lights – portable toilets and on the morning of the release there is a bbq breakfast.

Mei

ps: still thinking about those elevated blocks at singleton – there are 2 left….!!!!

Hi Aly,

Prices for stage 10 have just been released…I’m sure you already have them but the link is above if you don’t….

Prices have jumped a bit. We a block facing the park at $119,000. The block next to us is going for $129,000 and it’s a little smaller. That’s the…[Read more]

Stage 9 went on sale sat 9am. We got there friday morning – there were people camping there from the wed night.

It all sold out within a few hours.

This is our second purchase here in Singapore.

Back in 2000 we bought an apartment – sold it in 2003… only made about $80,000 from that – better than nothing:)

That was a government flat though – not a private condominium.

Mei

The condo I’m in “in the hey days” used to be rented out for $5000. Down to $2000 in the slump about 3 years ago….. now back up to $3500-$4000.

Even at $2000 – more than enough to cover interest repayments on say an $800,000 place.

Have you seen the rent they are getting at “the caribbean”….. $5000-$10,000 – depending on how many…[Read more]

We have already bought here- bought last year – on Sentosa – they have built canals there…. not ready till end of 2006 and we have already made $200,000…..

Yes I have checked and double checked – CGT was abolished a few years back….

The condo we are in – there are no vacant units here- and I know tat to be the case in alot of…[Read more]

Rumin, I will email you with a breakdown.

Ausprop, it was no hassle at all – you don’t have to claim bits and pieces back from the different people/tradesmen. Everything your property manager has organised for you – they can reimburse you the GST that was charged – then the tax office reimburses them.

Hope that helps.

Mei

Will keep a look out for the development.

Mei

We bought in at Stage 9. Prices go up every release and they seem to release stages every 5-6 weeks.

Just between stage 8-9 the same size block went up $5000 and that was in a month.

I hear they are releasing 12 stages now – but the overall plan is 30 or more stages.

Has anyone else bought into this estate?

See ya, Mei

Hrrrmmm never thought about the global warming/rising water level issues. Good point.

Hi Ausprop,

Canals at Coogee. Do you know who the developers are going to be etc.

Thanks, Mei

Thanks for your help.

Called the City of Swan – apparently back in 1997 they were talking about canals in Viveash but they are not going ahead now.

ummm Carnarvon – a bit too far[biggrin]

Anyone else know of any other upcoming canal developments – apart from Mandurah?

Thanks, Mei