Anwar Pillay - Your Properties Matter

31/10/2024

Dear HDB Flat owners. Your HDB flat is the most valuable when it reaches THE 5-YEARS MOP.

Primary reason is at this time your CPF ACCRUED INTEREST is at the lowest level and this will cause your CASH PROCEEDS to be at a high level.

These are what some owners of 5-years old HDB flats do:

1. Resize to a smaller or older HDB flat which is much cheaper where it will be fully paid up with no loan, plus a good amount of cash for savings for retirement/emergency.

2. Move to a bigger HDB flat. It will be either fully paid up; or get another loan plus with a tidy amount of cash profit for savings.

3. Upgrade to a Condo, either resale or new launch. With all payments from the sales proceeds, without touching their savings. Taking the first step to wealth creation.

Want to know more? I’ll be happy to share. Call or WhatsApp me at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
Phone: 97347257

30/10/2024

Wishing all Hindus & All who are celebrating.
A Wonderful & Joyous Deepavali / Diwali

27/10/2024

26/10/2024

Despite recent cooling measures, HDB resale prices still continue to go up. In 3rd Qtr 2024 it rose for the 18th straight quarter at 2.7%. Transaction volumes also rose at 10.7%.

Over the first 9 months of this year, HDB resale prices jumped by 6.9%. The likely reason for this steep increase in HDB resale prices is the low supply as the number of new flats meeting their MOP dropped.

Click https://www.edgeprop.sg/property-news/hdb-resale-prices-rise-18th-consecutive-quarter-27-q-o-q-3q2024 for more details.

Need more info on HDB resale? I’ll be happy to share, do call or WhatsApp me now at wa.me/6597347257

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

25/10/2024

Sharing on HDB Resale
~ Spouse Consent.

Spouse Consent is a must when selling a HDB flat. The wife/husband must agree to it, even if she/he is not a joint-owner but an occupier.

HDB ensures that the non-owner spouse gives an official permission by endorsing HDB’s spouse consent form before the resale can be legally completed.

Foreign spouses are also protected. Their consent is also required, even if these foreign spouses are not residing in Singapore.

Similarly, for buying a HDB resale flat. The spouse, who is not a joint-buyer, must give approval before it can be legally completed.

Want to know more? I’ll be happy to share. Call or WhatsApp me at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

24/10/2024

THE MYST ~ New condo launch at Upper Bukit Timah. Few mins’ walk to Cashew MRT Station & also nearby is Bukit Panjang Integrated Transport Hub

Primary schools within 1km are Bt Panjang, Zenghua & CHIJ Our Lady Queen of Peace. Short walk to bustling Hillion Mall & Bukit Panjang Plaza.

408 residential units consisting from 1+Study to 5-bedder. Developer is the reputable City Development (CDL). Keys collection is expected to be in Q2 2027.

Pricing as at 23 Oct 2024.
• 1+Study from $1,342,000.
• 2-Bedder from $1,559,000.
• 2+Study from $1,644,000.
• 3-Bedder from $1,891,000.
• 3+Study from $2,334,000.
• 4-Bedder from $2,746,000.
• 5-Bedder from $3,180,000.

Click https://themyst.anwarpillayproperty.com for more details of this new condo at Upper Bukit Timah.

For a personalised sharing, do call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay (CEA R025524Z)
Developer Appointed Sales Team
ERA Realty Network Pte Ltd
Phone: 97347257

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New launch project in D23 - Bukit Batok / Bukit Panjang

23/10/2024

In the URA Master Plan 2014, several exciting projects were confirmed for Woodlands. The core developments include Woodlands Regional Centre, Woodlands Health Campus, as well as new stations on the Thomson-East Coast line.

This blog shows how 10 years on, how have these projects unfolded to shape Woodlands’ identity as a “star destination of the North”? Equally exciting is what’s next for the development of my hometown Woodlands.

Read this blog https://www.anwarpillayproperty.com/blogs/275 for more details.

Need more info on HDB resale? I’ll be happy to share, do call or WhatsApp me now at wa.me/6597347257

Anwar Pillay
CEA no. R025524Z
Phone: 97347257

21/10/2024

KASSIA ~ Exciting new Freehold property launch that is nestled in the serene private enclave of Flora Drive. Benefit from upcoming Cross Island Line

Close by to business nodes such as Changi Business Park & Changi Airport. In the vicinity of major shopping mall such as Downtown East, Pasir Ris Mall & Jewel.

276 residential units consisting from 1-bedder to 4-bedder. Joint-venture of Hong Leong, CDL and TID. Expected keys collection to be in Nov ‘27.

Pricing as at 21 Oct 2024
• 1-Bedder from $1,023,000
• 1-Br+Study from $1,160,000
• 2-Bedder from $1,401,000
• 2-Br+Study from $1,545,000
• 3-Bedder from $1,838,000
• 4-Bedder from $2,522,000

Click https://kassia.anwarpillayproperty.com for more details of this new Freehold property.

For a personalised sharing, do call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay (CEA no. R025524Z)
Developer Appointed Sales Team
ERA Realty Network
Phone: 97347257

New launch project in D17 - Loyang / Changi

17/10/2024

Sharing on Renting Your HDB Flat – Quota for Non-Citizen

Intend to rent out your HDB flat? Be careful if you are renting out to non-Citizens. There is a Non-Citizen Quota that you must check first to see if these tenants are eligible.

There are 2 points to note. Firstly, Malaysian non-citizens are not subject to this quota. Secondly this quota does not apply to renting out of bedrooms.

For more details, below is the screenshot from HDB web-site.

Want to know more? I’ll be happy to share. Call or WhatsApp me at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

13/10/2024

Sharing on HDB Resale - Relationship between CPF Accrued Interest & Sales Proceeds (Cash)

CPF Accrued interest is the interest amount that you would have earned if your CPF savings had not been withdrawn for your HDB flat purchase.

It is computed on a monthly basis and compounded yearly. As you withdraw these CPF funds monthly to pay for your flat, they start accumulating CPF accrued interest.

What it means, the longer you keep your HDB flat the bigger your CPF monies will be; but your Cash will get smaller when you sell your flat. As such, a good number of HDB flat owners sell their flats when reached the MOP so as to get the highest Cash possible.

Referring to the diagram, if seller sells his flat on the 10th year, he will lose $112,033 in Cash through CPF accrued interest. However, if he sells his flat on the 5 years MOP, his loss in Cash will be much lower at $52,563.

Need more info? I’ll be happy to share. Do call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
Phone: 97347257

12/10/2024

MEYER BLUE ~ Exciting new Freehold property launch at prestigious Meyer Rd in District 15. Just few minutes’ walk to Katong Park MRT Station.

Offers stunning view of the blue sea or facing landed housing. Enjoy the serene greenery & sandy beach of East Coast Park. Excellent connectivity to Changi Airport

226 units consisting from 2-bedder to 5-bedder; some with Private Lift. Jointly developed by UOL & Singapore Land. Collection of keys are expected in Dec 2028.

Pricing as at 12 Oct ’24:
• 2-bedder from $2,014,000.
• 2-bedder+Study from $2,162,000.
• 3-Bedder from $3,001,000.
• 4-Bedder w/PteLift from $4,584,000.
• 4-bedder+Study w/PteLift from $5,222,000
• 5-Bedder w/PteLift from $5,655,000

Click https://meyerblue.anwarpillayproperty.com for more details of this new luxurious Freehold property

New launch project in D15 - East Coast / Marine Parade

10/10/2024

https://www.edgeprop.sg/property-news/analysis-impact-lease-decay-hdb-flats

What factors allow HDB flats to weather lease decay better?

07/10/2024

Sharing on HDB Resale …
TIME-LINE is an extremely important factor when selling & buying HDB flats at the same time. This is to ensure a smooth transition of moving out of present home & moving in to new home.

As such besides the usual negotiation of selling price, it is crucial to discuss & agree on the time-line before signing the legal document i.e. the Option To Option.

These are several time-line methods when Sell & Buy simultaneously, the 4 main ones are:

#1. HDB CONTRA: Here the legal completion for the buying & selling are at the same day & same time. Technically got no time to renovate before moving in.

#2. BRIDGING LOAN: It is taken when bank loan is used. Another reason for using this is to adjust the time-line so that the buying completes earlier than the selling.

#3. SELL 1st & BUY LATER: Need to secure alternative accommodation for at least 3 months. The advantage is that there is a longer time to buy, compare to Contra & Bridging loan.

#4. BUY 1st & SELL LATER: Must have sufficient funds. The advantage is that have all the time to search for the next dream home, before committing to sell existing flat.

Want to know more? I’ll be happy to share. Call or WhatsApp me at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

05/10/2024

There are HDB flat owners who are thinking of upgrading to Condominiums but are not sure of several issues. I understand financial matter is one of the main concerns.

We have assisted many HDB flat owners to upgrade to Private Properties. Besides having a better quality of lifestyle, the main purpose for this upgrading is to create a peace-of-mind retirement plan.

How did these HDB upgraders do it, especially without touching their savings? How can this create an effective retirement plan?

Want to know more? I’ll be happy to share. Call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

02/10/2024

HDB resale flat prices continue to rise due to strong demand in 3rd Qtr 2024. This is based on the latest HDB flash estimates.

Resale Price Index (RPI) rising to 192.6, this is an increase of 2.5% over the last quarter.

The volume of resale HDB flat transactions reached 8,035, this is 20% higher compared to the same period last year, which saw 6,695 transactions.

For more details click https://www.anwarpillayproperty.com/articles/273

For more sharing, do call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

30/09/2024

Showflat Preview Starts on 4th Oct ‘24
🎉NORWOOD GRAND ~ The New Wonders of Woodlands renowned developer 𝘾𝘿𝙇

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🏠 𝗨𝗻𝗶𝘁 𝗺𝗶𝘅 𝗳𝗿𝗼𝗺 𝟭+𝘀𝘁𝘂𝗱𝘆 𝘁𝗼 𝟰+ 𝘀𝘁𝘂𝗱𝘆
🚇 𝟯 𝗺𝗶𝗻𝘀 𝘄𝗮𝗹𝗸 𝘁𝗼 𝗪𝗼𝗼𝗱𝗹𝗮𝗻𝗱𝘀 𝗦𝗼𝘂𝘁𝗵 𝗠𝗥𝗧
🚝 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝘁𝗼 𝗝𝗕 𝗶𝗻 𝟱 𝗺𝗶𝗻𝘀 𝘂𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗥𝗧𝗦 𝗹𝗶𝗻𝗸
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🚘 𝗪𝗲𝗹𝗹 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗲𝗱 𝘃𝗶𝗮 𝗦𝗟𝗘, 𝗕𝗞𝗘 𝗮𝗻𝗱 𝘂𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗡𝗼𝗿𝘁𝗵-𝘀𝗼𝘂𝘁𝗵 𝗖𝗼𝗿𝗿𝗶𝗱𝗼𝗿
☘️☘️ Don’t miss out this exciting launch in Woodlands!!

Showflat Preview starts on 4th Oct ’24. Do attend this preview so to have a stronger chance of owning your choice unit.

To book your VIP Preview slot or for more details do click at https://norwoodgrand.anwarpillayproperty.com

For a personalised sharing, do call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay (CEA no. R025524Z)
Developer Appointed Sales Team
ERA Realty Network
Phone: 97347257

26/09/2024

Selling your HDB flat? The very 1st step you need to do is to apply for the “Intend To Sell”.

For Buying a HDB Resale Flat, the very 1st step is to apply for the HFE (HDB Flat Eligibility) letter.

To do these, Sellers & Buyers need to login to the HDB Flat Portal (HDB web-site) using your SingPass.

The whole Resale procedure will usually complete about 7 to 9 weeks from HDB’s acceptance of your submission.

The final step is the appointment at HDB Resale Dept for the legal completion.

Want to know more? I’ll be happy to share. Call or WhatsApp me at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257

18/09/2024

Today’s blog is about Freehold properties. It explains why they are much sought after and where you can find good buy for these freehold properties.

Click https://www.anwarpillayproperty.com/blogs/266 to read this blog.

Want to have more sharing? Call or WhatsApp me now at wa.me/6597347257.

Anwar Pillay
CEA no. R025524Z
ERA Realty Network
Phone: 97347257