Find Properties for Sale | Sell & Buy Real Estate in Singapore

Investment | Property | Real Estate | Singapore

You have saved enough money and are ready to purchase your first investment property? Before you call that real estate agent you found online, keep in mind that it isn’t the only way to find a property. Here are some of the most common ways Singapore buyers use to find suitable properties. In this blog, we bring you a guide on how to find properties for sale.

Find Properties for Sale in Singapore

Real Estate Listings

Property listings posted by sellers or their agents can be found on several websites. However, do keep in mind that prices on online property portals are almost always inflated. Few of them are listed below:

• PropertyGuru
• 99.co
• STProperty
• Edgeprop.sg
• SRX
• iProperty.com.sg

You can also find property listings the old-fashioned way. By keeping an eye on the classifieds section of newspapers. But today only fewer people are advertising this way. So, you should still conduct the majority of your research online.

Launch of Sales

If you are looking for a brand new property, you should look for sales launches. These launches are usually held by developers. Mostly at a time before construction on the property has even begun. Models and mock-up images of the property will be available for viewing. Unfinished property purchases take much longer than completed or resale property purchases. This is because you will be required to pay in stages as the property is built. Moreover, this means that you won’t be able to earn rental income from the property until it is ready for possession. And it could be years after you’ve paid the downpayment.

Real Estate Auction

Auctions are a good place to crack some great deals! All you have to do is find out where the auctions are being held and then show up to bid in person. Sellers are typically banks that have foreclosed on the property. Or sellers and developers looking to get rid of the property quickly. At each event, a few properties will be auctioned off. In addition this a reserve price will be set, indicating the lowest acceptable bid. Ensure to do thorough price research before bidding on a property. As reserve prices are not always significantly lower than what you might find on the market.

Real Estate Agents

Hiring a property agent to do the legwork for you is the easiest way to find a property. Agents can scout for properties based on your criteria. And then drive you around for viewings. The main disadvantage is that you will have to pay the agent commission. And it is typically around 1% if you hire them to act on your behalf as a buyer. Agents are only permitted to collect commission from either the buyer or the seller. So, if the agent is acting on behalf of the seller, you will not be charged a commission. However, they only be able to show you properties sold by their existing clients, rather than sourcing properties across the entire property market.

Singapore Real Estate Updates

It’s a good idea to keep up with Singapore property news before deciding on an investment property and committing to a purchase. Here is a list of useful websites and news sources where you can learn more about the real estate market.

• PropertyGuru
• 99.co
• EdgeProp
• The Straits Times
• The Business Times

Property Tax in Singapore

Property is a valuable asset in Singapore, but you will have to share some of your wealth with the government.  Tax on a property is calcualted differently depending on whether or not you are an owner-occupier (that is, you live in the property being taxed). It is important to note that property tax is charged on the annual value of your property. So, before you find properties for sale, learn about property taxations in Singapore.


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