We wonder how excited you’ll be when we tell you that the professional fees for engaging an agent are DEDUCTIBLE for your subsequent tenancies. As you’re sitting there in front of your computer, reading this page with your hand on your mouse, your curiosity increases and you are wondering this will affect you when you engage our professional services.
Good Class Bungalows (GCBs) are the crème de la crème of Singapore real estate. Typically among the most expensive homes, they provide their owners with the semblance of a sanctuary in land-scarce Singapore. Their popularity can be attributed to the government’s efforts to keep them as exclusive as possible through the use of stringent regulation and controls. The following should come to mind the next time you hear the term ‘GCB’:
It’s about time we found out how the property market in Singapore performed last year. The Urban Redevelopment Authority (URA) recently released the flash estimates of the price index of private residential property for the 4th quarter of 2009 (flash estimates only ah, don’t get too excited yet). Confirmed figures usually come out 4 weeks after this release.
The prices of private residential property rose from 154.3 in the 3rd quarter to 165.5 points in the 4th quarter of 2009. Note that the index is pegged to the 4th quarter of 1998, meaning 1998 = 100%. Therefore, an index of 165.5 means that prices now are 65.5% more than in 1998. But usually it’s more meaningful to compare the results from consecutive periods.