Invest in High Potential Upside properties – Le Quest

In today’s post, Reverse Mortgage City will be sharing with you an important concept on property investing,


“Cheap is never the reason to buy. Value is.”

After reading this post, you will:

  • learn how to measure in dollars, Potential Upside and Risks
  • know the differences between 6 price factors
  • apply the 8 Entry Price Checklist to a Bukit Batok New Launch, Le Quest

singapore property updates

2 Buying Criteria (2BC)

Buying is the first step in creating a wealth accumulation plan in a property. When I buy, I go for properties with high potential upside and the least risk for me. I will not go for something I cannot be certain of, nor will I buy high. So having timely and accurate data is important.

To determine which unit is the right one for my property savings plan, I evaluate each one based on what I call the 2 Buying Criteria (2BC). The 2BC are: (1) Potential Upside and (2) Risks

In order for me to assess potential upside and risks, I need to have an objective, specific and measurable data. The 2 best tools to evaluate potential upside and risks are the price variable and rental yield.

Potential Upside & Price Factors

Previously, we gave you a brief overview of what Potential Upside is about, and here, I am going t to elaborate on the topic. Many people do not fully understand what Potential Upside means. Some people believe statements such as “In 10 years’ time, property prices will increase. So there is a lot of potentials if you buy now.” But what does that really mean? It does not tell us what the Potential Upside is.

To me, Potential Upside has a very precise meaning, It is a current assessment based on price. The concept of price plays an important role in assessing Potential Upside. Price has many components. It could be the asking price or the last transacted price, or the past peak price and so on. When we compare different price components between properties and/or units, we can draw different conclusions. For example, when an agent says the asking price is $500,000, what exactly does this mean? How does $500,000 compare with the asking prices of other units? How does $500,000 compare with the historic peak prices of units in that area? This is a strategy I use so I will have a stronger assessment. singapore property newsPotential Upside can be measured and expressed in dollars. This means that at the point you decide to buy, you have an idea of how much the Potential Upside is expressed in dollars. We can say that a unit has low Potential Upside if its asking price is $1,000 psf and the current transacted prices for units in that project is $700 psf. As a guiding principle, focus your search for properties that are below market price (BMP). 

Risks & Rental Yield

Many people “hope” that their risks are minimised so that they can create wealth through their properties. Well, “hope” is not enough for me. It makes me feel nervous and worried.

Below is a great video indicate how to leverage on rental income to be financially free:

One way to minimise risk is to know what risks you are facing. There are specific ways to minimise risk when you buy properties, and the better way is to be able to measure it in terms of dollars and cents. So look at the numbers. Specifically, you can look at rental income vis-a-vis mortgage payments.

Check out official site of Le Quest:

Rental income potential against mortgage payments is an effective and specific way to measure risk. The main point is to establish whether you have a positive or negative mortgage situation. A positive mortgage situation means the rent you receive covers your mortgage and there is some extra leftover for a positive cash flow situation. A negative mortgage situation is an opposite. It is when the rent you receive is not sufficient to cover your mortgage. When using data, I base the rental income on current rent received by nearby units or projects. 

When calculating the amount of mortgage to be paid, I put down the current rent, and then start adjusting it downwards to assess my risk tolerance. For example, if the current rent is $4,000, I will reduce it to $3000, and work out if at that reduced sum of $3,000, am I still in a positive cash flow situation? To work out my tolerance level for the worst case negative cash flow scenario, I will ask myself: “if I had to top up $500 in cash each month – will that be okay for me?” (And I will keep on adjusting until I find a number that is acceptable to me.)

Exercise: Measuring Risks

William purchased a unit that cost $1,000,000. As a first-time borrower, she was eligible for an 80% loan for 20 years. Her monthly mortgage payments worked out to $4,000 per month. The current rent for the property is $6,000 per month, which is secured for two years. What is her risk?

Purchase Price: $1,000,000

Loan Amount: $800,000

Monthly Mortgage: $4,000

Other charges (e.g. maintenance/conservancy, property taxes): $1,000

Rental income: $6,000 per month

Cash Flow per month: $1,000 per month

Cash Flow per year: $12,000 per year

From the calculations, we can conclude that for the next two years, with a guaranteed rental income of $6,000 per month, her risk will be $0.

To manage risk, I recommend buying based on current information, not information based on the future. It is not difficult to get hold of current rental prices. The Internet, for example, has made it easier to get current information about rental prices. In Singapore, there are many online resources that can provide you with indications of current asking rents.

bukit batok

Another way is to ask your property agent directly. Among my agents, for instance, we share customised and timely data on current rental and transaction prices. This wealth of information gives us a lot of certainty over how to measure risks. Register interest for Le Quest Condo Today. 

Assessing Property Potential Upside and Risks

In one of the previous post, we have talked about the reverse mortgage.  Let us talk more about assessing the potential upside and the risk associated when it comes to investing in property. We will also recommend a good property investment opportunity for our reader – Hundred Palms Residences at Yio Chu Kang Road.

Assessing Potential Upside and Risks

From historical data, we know that the value of properties in Singapore has multiplied many times over. 30 years ago, the value of a small private apartment in Singapore was around $50,000. Today, the value of a small private apartment in Singapore is at least $500,000 on average. Due to the scarcity of land in Singapore, as well as her growing population and attractiveness to foreigners as a place in which to live and work, we can say that the value of properties in Singapore will continue to rise.

Based on these observable trends, it is safe to say that properties in Singapore generally offer good long-term potential upside. But the meaning of “potential upside” as applied to buying specific properties is not the same.

When you want to buy, you want properties that you have assessed to have high potential upside. When I use the term, “potential – upside” within the context of a particular property, I am referring to the potential returns from the property that I can measure at this point in time. It is very time-and-property specific. Note that I used the word “measure” and not “see”. It is not just an observation. I do calculations in order to measure the potential upside of a property.

Another point I want to highlight is that I am not measuring the “future” potential upside when I assess the potential property. I am measuring the current potential upside of the property.

Many people misunderstand potential upside as future potential. This is a common mistake – they are lured based on the idea that the potential upside will come true in the future. The future is something nobody knows for sure.

“Timing” is not a good enough reason to buy. Value is. Even if there are new launches and the price seems low, or you happen to have spare cash, a property is still not a good buy if the potential upside is not clear to you.

I also measure “potential upside” in a very specific manner before I make the decision to buy a property, I must be able to determine the potential upside of the property based on prices under current market conditions. For example, current transacted prices of similar types of properties within the same area.

Rental yield assessments should also be based on current market rates and not future market rates. Getting a sense of what the rental yield is likely to be, is not difficult. One simple way you can check on rental yields is to scan through the property classifieds on websites or in newspapers to see what similar properties (or the same property) are asking for in terms of rent.

Measuring Potential Upside

For the purposes of assessing potential upsides, my team and I have created a customised software programme that allows us to among many other things, compare current transacted prices within a given project or across different projects within a specific area.

This invaluable tool is used all the time to make sound assessments of potential upside for our clients. Here is a sampling of what the software can do:

Example: The Sail

The sail is a private residential property project launched in 2009. The following chart shows the transacted prices of units within The Sail from March 2009 to June 2011. In that period, a total of 18 transactions were recorded. The average psf transacted price was $2,670. When it was first launched, the transacted price was less than $2,000 psf. The highest transacted price in that project was $3,000 for a unit on the 25th level. For comparison, a unit on the 21st level sold for $2,620.

Expressway of Singapore

Express in numeric values, we can say that the potential upside for buying the unit on the 21st level is good as there is a difference of —$380 psf ($3,000-$2,620) between the buying price and the highest transacted price. Based on transacted prices, we can tell that the price can go at —$3,000 psf when we choose to sell it. When we buy, we buy with the aim to sell, as that is when we can take profit. We will further discuss the different ways of comparing potential upside using different price factors in a future post.

Hundred Palms Residences

Below is a quick glance for the project information for Hundred Palms Residences.

Project Name: Hundred Palms Residences
Developer: Hoi Hup Realty
Tenure: Leasehold 99 years w.e.f. 29 Feb 2016
Address: Yio Chu Kang Road, Singapore
District 19
Units Mix: 3 Bedroom, 4 Bedroom, 5 Bedroom
Total Units: 531  Exclusive Units
No. of Blocks/Levels:  9 Blocks, 15 Storey
Car Park Lots: TBA (1 Basement Carepark)
Expected TOP Date: 28 February 2020 (Launching Q3, 2017)
Site Area: 18,422.9 sqm
Architect: Consortium 168 Architects (C168)

The new Hundred Palms Residences EC land parcel attracted 10 hopeful bids with Hoi Hup Realty emerging winner with a top bid of $183.8 million. The land cost translates to a land cost per square foot per plot ratio(psf ppr) at $331.02 and an estimated Hundred Palms Residences EC price to be in the range of $750 psf to $800psf.

Hundred Palms Residences Project Information

A new site on the Yio Chu Kang Road (YCK) / Hougang has managed to attract significant interest from various developers. It has managed to receive ten bids by the close of the tender on the 18th of February, 2016. This site is intended to be developed into an executive condo property. The winning bid is worth S$183.8 million and it was placed by Hoi Hup Realty.
Yio Chu Kang Road

According to the director of the property development company, the breakeven cost will be just above S$700 psf. Therefore, it is likely that the sale price being the target will be S$800 psf approximately. Of course, the actual pricing will be dependent on the market conditions at the time of the sale. The company expects to launch the project in 2017.

Why Buy Hundred Palms Residences EC?

  1. Hoi Hup Realty is a popular developer behind this project
  2. More than 500 units to choose from starting with 2 bedrooms to cater to different needs.
  3. Easy connectivity to multiple expressways including Central Expressway (CTE)
  4. Close proximity to prestigious school
  5. Attractive pricing from just $700K
  6. Magnificent interior designs and modern layouts
  7. District 19 and close proximity to Kovan Town Centre & Kovan MRT

Hougang (Yio Chu Kang) Master Plan

Yio Chu Kang Road EC site area is around 198,529 square feet. Thanks to a plot ratio of 2.8, a gross floor area of 555,246 square feet will be the maximum allowed on the site. Around 520 units should be available to the residents.

When the site was launched for sale in 2015, experts had predicted that the winning bid will be in the range of S$260 to S$340 per square foot per plot ratio. They also believed that the site would attract somewhere from 5 to 14 bids in total.

The bids for this EC site illustrate the interest in this sector by the property developers. This is despite the fact that there are still a large number of EC units that have remained unsold. Moreover, there are additional EC units that are currently being developed and yet to be launched.

Experts noted that the interest in this site is specific to its location. As such, it should not be taken as an indicator of the wider market conditions. The competition seems to have been intensified due to the ease with which residents will be able to access the development. Moreover, various facilities and amenities are within easy reach. The site should be particularly of interest to parents thanks to the convenient location of reputed schools in the vicinity.

Another reason for the increased interest is that the site is located in an area surrounded by HDB estates. As a result, the developer will get access to a ready catchment pool to get residents from.

Assessing Risk for property

In addition to the potential upside for a property, I also assess the risks associated with it. Risks can be measured in terms of comparing rental income with other properties within the same location, or with other units within the same development. Risk can also be measured by comparing capital gains based on other units within the same development.

For instance, going back to The Sail’s example, we can see that the current transacted prices exceed that of the current asking prices in the same development. This means that risk of buying this property is lower, as I can sell the property at a lower price than the current transacted prices and still take a profit at this point in time.

Actual Site Hundred Palms Residences

TIP! When assessing whether to buy or sell a property, ask to see the current or latest transacted prices of similar properties within the same development, or within walking distance from the property.

At the same time, check whether units with the highest transacted prices have the same features (e.g. same facing, level). Potential upside and risks are two concepts that form the basis of research and analysis in a systematic approach. It helps me make decisions on whether to buy or sell.


When we think about expanding our business,  higher studies of our children, for medical treatments and any other unexpected expenses we need a large amount of money. It is not easy to arrange such a big amount of money  in a very short time. Property acts as a backup for us. We should always buy property with good appreciation value, like The Visionaire EC.

Have a look at the visionaire ec project details to see why it is a worthy investment.

Money problem can be easily solved by taking a loan against our property. Loan is given as a certain percentage of the market value of the property . Loan against property is a secured loan where the borrower gives the authority to use his property as security. Loan against property is different from the personal loan. Loan eligibility depends on the value of property. It is a secured loan and rate of interest is lower. It is the best way to raise the money. Any individual who is an employee or self employed,  or engaged in agricultural activities are eligible  to get loan over their property.

Loan can be availed against any residential or commercial property. It may help to get immediate finance to meet a variety of our needs. Funds can be generate by unlocking the property value and easily satisfy urgent needs or emergency expenses. There are convenient repayment options and repayment tenure may vary from 5 to 15 years. Loan against property is the best option to get large funds in short time. Loan against property is more handy because the processing is much faster than any other sources of getting loan. There will be increment of loan amount if the value of property increases at the period of time.

Lenders are more interested as it is secured loan or if borrower will fail to pay the loan amount lender can take over the mortgaged property. Loan is only eligible to the freehold and self-owned properties. At the time of taking loan, some important points should be kept in mind. The entire transactions should be done properly or with great care. While taking loan against property each and every step should be taken carefully and entire repayment process should be done properly. Any mistake may cause problem  for an individual. Although there are some difficulties but if we have any freehold property it is the best option to get an attractive deal and good loan opportunity. Loan amount may be used for professional as well as for our personal work too.

Doing A Business At Home. Is it worth it ?

Many of us know the benefits of running a business you own. You get to state your own pay, you get the freedom to work at different hours, and most importantly, you have to choice to decide your own path. However, we also know that not all business are suitable, especially the ones that requires high capital.

Of course, you can set up a coffee shop or a restaurant (if you love cooking), but the thing is, it is high risk with such high costs in manpower and rental. This is why many people are turning to home-based businesses. They tend to work from home, and use their home as the office for their business. It’s a good idea. Property agents are one such example.

But if we look at other businesses, is it worth to use your home as the place for running your business? If you run a music studio at home, it is possible that you can save quite a lot of money on renting music venues outside.

As we speak to Violin Music School, which provides home violin lessons in Singapore, they do lessons by customizing their home into a music studio. With proper setup like a classroom with chairs and music stands available, they can conduct a class of 5 students easily. Students are the leisure to move around and get some refreshments from the kitchen too. In this example, yes, your home is a good choice for a home music school!

If you run a service-based business, you can consider working from home as well. If you run a SEO agency Singapore, it is way more simple. You can work from home by calling your clients in a room setup like your own office. If your room is too small, you can just move to the kitchen or the dining table. The only problem here is that you can’t meet your clients at your home.

However, you can drop by your client’s office, or the nearest Starbucks to meet your client! This will cost you at most $10 for 2 cups of coffee, but you can just take it as a “rental cost” for meeting clients. For SEO projects, you can easily make back the rental cost by provided good services to rank their websites on search engines. Is this a good deal? Definitely yes!

On the downside, as you are using your home for business, there may be certain distractions that you can’t avoid. Friends or family may drop by your place and you have to entertain them. They may see you working very hard at your home, and it is not good to just leave them alone while you continue with your work. You will need to stop working to make them feel at home. That’s the downside. Is there any way to avoid this?

Maybe? Just tell them not to drop by during office hours!

There you go! Your home is worth so much more other than just a place for your to stay.

Now, here are some cool home office ideas for you. No worries if its your first time. Time to play and have fun designing your own home office!

Consider to make full use of your own property! Check out more articles about property here.

How to Choose the Right Home Loan Wisely

First time buyers usually do not have any idea on how they can choose from a wide variety of home loans that are being offered. There are times when people make the mistake of only considering the home loan that will be beneficial to them right now without realizing that there are some home loans that might serve them better in the long run.

It is only normal for people to become a bit confused with the choices that they ought to make especially because there are also some things that people do not understand about home loans in general.

What Loan Seekers Should Pay Attention To

Here are just some of the things that loans seekers should consider so that they can possibly choose the right home loan for them:

  • Processing Fees – The things that will be processed will not be done for free. There are instances when the fees do not cost a lot of money but people still have to pay.
  • Pre – Payment Charges – There are some home loans that come in very small pre – payment charges. Whether this will be beneficial for some people or not may depend on them a lot.
  • Rate Flexibility – People may choose to get a fixed rate option that can of course some with its own advantages and disadvantages. There are also some lenders that will allow the person to pay depending on the current rates.

It is highly important that people will give attention to their current income and budget for the home loans that they have to pay. Some people tend to get home loans bigger than what they know they can afford in the hopes of acquiring the house of their dreams but this is not always beneficial. Being realistic may pay off in the long run.

Instead of purchasing a “dream” house immediately, it may be best if people could just focus on purchasing what they can afford in the beginning and they can then start focusing on getting a better investment in the long run. More details about this can be checked out here:

When all of the things that have been considered still do not seem to be good enough, checking out refinance home loan can be a great move. This will allow people not to pay for the mortgage in the beginning. This will help people get back on their feet first before they can start paying.

How to Increase Your Home’s Mortgage Value

CaptureThere is a big chance that you would like to increase the mortgage that you can take on your house so that you can pay for your house in a much faster time. If you do not have any idea on how you can do this what you have to remember is that when your home’s value increases, you can also increase the mortgage loan that you can take each month so that you can pay off your debt easier.

How are you going to increase your home’s value then? Here are some things that you have to do:

  • Get rid of leaking roofs and also waterproof your home.

You have to make sure that you know where the leaks are coming from. Once you have already seen where the leaks are from, hire an SG waterproofing contractor that can give you the services that you need. Do remember that before hiring, it is essential that you gather waterproofing quotes from different companies. This will help you choose the best one for you.

  • Work on improving your home’s bathroom.

Do you know that improving the size of your bathroom can actually make a big change with your home’s value? By simply changing the size and adding a few details that you might not have had in your old bathroom, your home’s value will increase.

  • Focus on building other rooms or extra places around your home.

If you have extra money to build something new then take the chance to do it. You may choose to build a patio or deck. You know that this extra addition will add value to your home and at the same time, you can also enjoy this extra space at home. Do remember to build something that you know you can use. If you would build a deck when it always rains, and your deck is made out of wood, there is a chance that mold will start to penetrate the rotting wood.

Get to know more about mortgages when you check this out:

Once you have improved on your home with roof repair or building new rooms, you have to remember that there are still other options that you can take in order to pay off your debt. You may be tempted to take further advance for your home loan but this is not a good idea in the long run. Just pay off the new amount that you are required to pay and make sure that you will not miss anything.

Some Ways To Waterproof Our Roof.

I like to read  this blog post and it was really good.  The original blogpost can be found here How to Waterproof Your own Roofing  If you want to find out more about sg roofing contractor  then enjoy to read this post.

Roof Image Blog II

In seeking to waterproof your roof, first, you have to understand whether said waterproofing is required. Therefore, you have to first check what material your roof is made of. If your roof is made of concrete, then it is probably already waterproof all by itself. Therefore, only fractures in your roof will need to be further made waterproof. This will save you a substantial amount of work, as rather than having to coat your entire roof with waterproofing materials, you will only have to work on certain areas that may require a little more waterproofing or a little strengthening. Contractors will be able to advise you on whether your roof requires such waterproofing. However, in the case that you choose to undertake the whole operation by yourself, then here are some tips on how to completely waterproof your roof.

Firstly, you have to prepare your roof for the coating of your choice. Therefore, check your roof thoroughly for any damaged caulking or unevenly applied concrete. If your roof has cracks in it up to 0.6cm wide, fill them in with caulk. However, if the fractures in your roof are wider than that, you have to conduct concrete patching to fill in these joints. Ensure that the area is completely dry before proceeding. If the surface of your roof is rough, there is a good chance that the coating that you choose to apply on it will not adhere well. Therefore, you have to grind the roof with industrial sandpaper or otherwise so as to smoothen the surface and ensure better adherence. As part of your preparation, you should further clean your roof to make for the best possible results in waterproofing your roof. Give your roof a thorough scrub to get rid of any dirt that may remain on the concrete. Let your roof dry before waterproofing it.

Google image

There are many different types of materials available for waterproofing your roof. A liquid membrane has several benefits: it is both inexpensive and produces results at a rapid rate. Liquid membranes are coatings to be sprayed or rolled onto your roof directly, and therefore are easy to use. Liquid membranes, however, will make it difficult for you to achieve even coverage. Therefore, sections of your roof will be more thickly coated with liquid membrane than other parts of your roof. Should you choose a liquid membrane, follow the available instructions on how to apply it.

Another form of coating, a self-adhering sheet membrane is a large, rubberized asphalt membrane that you apply to your roof. Sheet membranes possess a benefit over liquid membranes in that they will allow you to achieve uniform thickness, but they are more expensive than liquid membranes. They also require greater skill in application as they are extremely sticky and you have to be careful in peeling the membrane to expose the sticky side, for they will stick upon contact with a surface and they are tough to remove from the surface once having bonded to it. You have to also mind how sheet membranes overlap, for improper laying of the sheet membrane will increase the propensity for leakages to occur in your roof. Ensure that lap joints are cut as per instructions and that a bead of mastic is run down every lap joint one foot from a corner. Sheet membranes are also not a one-person job, so you will have to find a partner willing to help you to avoid disappointment and a bad waterproofing job.

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If you are searching for a more eco-friendly method of waterproofing your roof, I suggest that you select sodium bentonite, which is basically clay. It is able to bond to smooth as well as coarse surfaces and will function as a great waterproofing agent, given that clay has high porosity and can prevent water from seeping into your house. It is also healthier for the environment, given that clay is more biodegradable than the rest of the materials and the harvesting of it produces little waste.


To read more go to How to Waterproof Your own Roofing

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Can public speaking helps you in your reverse mortgage career?

Do you believe that public speaking can change every aspect of your life? Whether you are a teacher and you would like to convey your lessons to your students or you are a lawyer who would need to help your talent in some aspects of his/her life, you have to know that public speaking can help you a lot in different things that you are going to do.
If you are searching for the right coach, public speaking coach Benjamin Loh can help you out. Here are just some of the benefits that you can get when you are skilled in public speaking:

• Become more successful – When you know how to speak your mind, you will be able to convey the various messages to other people easily. When you need to speak with important people, you can be sure that you will know how to say your thoughts in a correct and proper manner. This is one of the reasons why you would like to improve public speaking.

• People will understand what you are trying to say – When you are skilled with public speaking; it will be easy for other people to understand the message of your speech. It will be easy to pinpoint where the conversation is heading too because everything is clear and concise.

• Be more confident – When you know that you would be able to speak your mind with ease, you do not have to worry about impromptu situations wherein you need to speak or you need to say what is on your mind.

• Be less awkward in certain situations – There is a chance that you have already attended parties wherein you do not know a lot of people and the only way by which you will get to enjoy the party is if you will make friends with the other guests. You may never know you might have other friends with you later on.

It is quite obvious, you can be sure that you will be more confident overall. You may choose to hire a public speaking coach Benjamin Loh to help you out. You can also take public speaking classses that will benefit you a lot. Now that you know this, do you think that public speaking will be able to help you out in reversing your mortgage or at least helping someone in reverse mortgage?

Reversing mortgage is actually the type of mortgage that is only available to people who can borrow the money against the value of their current homes. Usually, the borrowers are not required to pay anything. The loan will be structured depending on the current value of their homes. Some elderly people get it so that they can have money for their retirement.

Elderly people would like to enjoy their twilight years and this can be hard to do if they do not have enough money to do the things that they have always wanted to do. Some people who are good in public speaking are able to get approved for this type of mortgage easily while there are also some who help people into getting this type of mortgage with the use of their skills in public speaking.

Reversing mortgage can now be harder to acquire because of the new rules that have been set. People who would like to get this type of mortgage might have better chances if they can use their skills in public speaking to make it possible to convey messages in the clearest way. Improve your public speaking by checking out public speaking course.

Learn more about public speaking here. Boost your career today!

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What Are The Venues for Team Building Games in Singapore?

As I shared with my friends about mortgage plans and property financing solutions, I met up with my long lost friend who is in business. Recently, we catch up with each other and share about what we do. And I found out that my friend does company events such as teambuilding, leadership training and retreats for their staff.

So as we thought of working with one another, I would like to share with you what he has to share today – Venues for team building games in Singapore. If you are a business owner who wants to bring your employee out to have a day of fun and team bonding activities, this article will help you with your event planner. So, over to you Ken!

Have you always thought of bringing your people out of office just to have a day of fun and learning, and get back to work the next day bonded stronger, communicate better, and produce more results? Yes, and that’s what my job is! I help companies organise teambuilding programs that will shift people’s behaviour, to make them more proactive, more purposeful, and of course, more productive.

We do these through a series of fun and activities, and the people love our programs so much that they remember every bits of it, even years later.

However, in this article, I will want to share with you what are the venues you can go to for such company events in Singapore. If you were to organize one for your team (or you can get our teambuilding experts to help), then this list of venues will help you!

1. Sentosa


Sentosa is known as Singapore’s most popular playground. It is a tourist location, and one of the places Singapore is known for. So what’s best for Sentosa?

If you would like some outdoor activities under the hot sun, with the beach and the sea, then Sentosa is the way to go. And please, if you are in Sentosa, do not stay indoors. Sentosa is meant for outdoor games like frisbees, flying fox, water games, beach volleyball. If your company want to organise treasure hunt, this is a good place too!

2. Gardens by the bay


This is another popular travel location of Singapore. MNCs who fly in foreign delegates into their Singapore headquarters will want to use tourist spots for their activities. One, they can show their foreign delegates around Singapore, plus, they can have fun with their colleagues there!

Gardens by the bay have big event hall, and smaller function rooms for rent. It will be good for big events of up to a few hundred people.

3. City Hotels


Of course, you can consider hotels in the city areas too, like Raffles Hotel, Swissotel, or Marina Bay Sands. You can also choose hotels in the popular shopping district of Orchard Roads, and there are hotels like Marriott hotel, Hilton Hotel, and Hyatt hotel.

These hotel are situated right in the popular area of Orchard and this makes travel convenient. They also have different function rooms to cater to your event needs. That’s not all, you can be assured of top customer service for all your functions.

So there you go, a list of venues in Singapore for your company events. If you would like to know more about teambuilding information, you can follow our Facebook or Google Plus for more updates!

Understanding What A Mortgage Is

From the previous article, you have understood what a reverse mortgage is. Now, let’s go deeper into understanding what mortgage is, and some of the important things you have to know about mortgage.

Let’s kick off this with a video about mortgage.

mortgageMortgage: A financially legal and binding procedure to facilitate the transactional flow of money between two parties, referred to by the term lender and borrower, in exchange of any immovable/movable entity with a physical significance under the given laws and conditions.

The borrower gets money in exchange of the entity being under the ownership of lender for a mutually agreed stipulated time. The lender has the rights and necessary privilege to claim on borrower’s property in case if the later faults on the line of repayment or does not respect the terms and conditions of the agreement previously agreed upon.

Technical Terms

There are few technical terms associated with mortgage:
Loan Amount
Loan amount is the money which borrower takes from the lender in order to pay for the property given under the care of lender.


This is an option with the borrower which he can exercise to fast re-pay his pending loan in order to secure his property.

Principal Amount

The total amount loaned by the borrower from the lender.

Interest Amount

This is the amount which is paid as interest on the principal amount by the borrower to the lender over the specified period.

Typically, mortgage is of two:

Fixed Rate
Under this category, there is a mutual agreement between borrower and lender whereby the fixed time period is decided upon and fixed repayment amount on regular interval, usually a monthly phase out activity, to repay the complete amount.

Floating Rate
Under this category, there is no fixed amount being paid over the mutually decided period, which usually ranges from 5 to 30 years entirely dependent on the loan amount. The rate is calculated based on the market fluctuations and economic scenarios.

This is a very crucial phase in everybody’s life when it comes to applying for loan to secure your dream home. Usually, we all opt for reputed banks, if possible government undertaking, to make sure that they are no risks involved and preferably lower interest rate involved. It is very imperative for us to do proper analysis before we opt for the property and then for the bank of our choice.

1. Note down your financial liabilities & daily expenses
a. Once you have made up your mind to go for your dream home, make note of all your financial responsibilities in terms of any existing investment and total amount.
b. Now, monitor for close to 2 to 3 months to see how much you spend on your household activities. The sum of a & b will give you clear perspective about how much bandwidth you have in terms of opting for the loan amount.

2. Analyze your future projection in terms of earnings
a. Based on your current total household income, make a calculation about the future
earnings for next 10-15 years and see how much you could probably save.
b. Keep aside a portion of amount for any eventuality from the projected amount.

3. Tax exemption
a. Considering the existing investments that you have around for the sake of tax saving, calculate the expected principal and interest rates. Once you have followed the above three steps, you will have the clarity around your financial strength to decide about the price range for the house. These steps will also give you clear perspective about how you can save your tax by stop investing in other financial instruments that you had in past.

Love this article? We will be sharing more about mortgages, real estate, and anything that can make you financially wiser with property!