Investing in Singapore real estate

If you are considering investing in real estate in Singapore, consider Tanah Merah. Tanah Merah is a region located in eastern Singapore. It consists largely of private residential properties, country clubs, and some light industrial parks. In this region also lies a segment of the East Coast Park.

Being home to four recreational clubs, Tanah Merah offers a vast spectrum of recreational choices such as golfing, tennis, bowling, swimming and water sports amongst other activities.

  • Tanah Merah Country Club (TMCC) has one of the most expensive club membership rates in the country. This is justified by its plethora of amenities including golf courses, swimming pools, a gymnasium, a jackpot room, tennis, squash and basketball courts as well as lessons and courses on various interests such as dancing.
  • National Service Resort and Country Club (NSRCC), established to be a recreational spot for full-time National Servicemen, abuts the East Coast beach on the outskirts of Tanah Merah.
  • Laguna National Golf & Country Club, aside from being a golfing club, offers spa services and other recreational activities such as tennis.
  • Singapore Armed Forces Yacht Club (SAFYC), founded by a group of sailing enthusiasts in 1967, specialises in sea sports and activities. It offers water sports courses and an array of other amenities for MICE and private functions.

Residents of Tanah Merah also enjoy using the Bedok Park Connector – which is a route that connects Bedok Reservoir to East Coast Parkway. It spans several kilometres long, and runs along a canal/waterway. Residents often use the connector for daily walks or runs. Some also use it for roller blading, or cycling, whilst some even fish, although is not strictly legal. Many are also spotted walking their dogs at these areas.

The Glades is located at Tanah Merah, one of the most highly sought after residential sites. It comprises of 9 towers with 726 residential units and 3 commercial shops.


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Travel Real Estate

If your looking for specials on Phuket holiday apartments, see for apartments in Patong Beach, Phuket for the better choice than a hotel room and at less then Phuket hotel rates.

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Investing in Greek real estate

Investing in real estate oversees has become increasingly popular. After the collapse of its real estate prices, Greece has become an attractive option for many. House prices are still falling after almost six years of declines, but now at a slower pace and many expect the trend to reverse itself.

In Athens, the capital and the country’s largest city, the average price of apartments plunged by 10.87% (-8.89% inflation-adjusted) in 2013 from a year earlier. In Thessaloniki, the second largest city, house prices dropped 7% (-4.9% inflation-adjusted) in 2013 from the previous year. But house prices actually increased by 2.2% (1.8% inflation-adjusted) q-o-q in Q4 2013.

To revive the ailing housing market, the Greek government recently offered residence to non-EU investors purchasing or renting property worth over €250,000.  The residence plan, which is similar to measures adopted by Hungary, Spain and Portugal, is valid for five years and open to renewal.

Greece has been granted two successive rescue loan packages since May 2010 by European leaders and the International Monetary Fund (IMF) worth €110 billion and €130 billion, tied to a stiff austerity package. The austerity measures imposed by the government include:

  • Tax increases
  • Spending cuts
  • Privatization of government-controlled corporations
  • Slashing salaries
  • Slashing pensions, especially for high-income retirees
  • Taxing low-income earners. The taxable income threshold would be reduced to EUR5,000 from EUR8,000
  • Placing about 30,000 public workers in labor reserve

Other reforms include stronger laws against tax evasion, liberalizing the labour market and selling state assets.

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Latest Real Estate Chart

Here’s the latest Real Estate Chart. Hat tip for the chart to Mullen & Mullen. If you are looking for a Dallas injury attorney, we highly recommend them.



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Gold and Real Estate Prices

In the interest of full disclosure, I must confess that I’m not a fan of home ownership. If fact, if not for the need to keep a wife happy, I would be a near life-long renter. Why? The math that your home is a great investment requires a substantial amount of accounting fraud to justify.  A few years back, I sold an average home after holding it for 11 years for a gross profit of 79%. Not bad on the surface. However, when I did the math and added up all the cost of all the maintenance, taxes, and other ownership costs I paid over the years, I actually lost 10% vs. the cost of renting the same property.

Only when measured in gold, whose price fell -25.55% during those 11 years, and precious metals ira does my home investment look less bad. Because the value of our debt-based, fiat-created federal reserve note is never a constant, using gold to measure historical real estate prices yields some interesting data on current home prices. In 1970, as Nixon was about to hack the dollar from its gold peg (still the worst policy blunder in my 50 year life), the medium home price in America was $23,000 – or a very expensive 605 ounces of gold.

Soaring inflation into 1980 may have boosted the medium home price to $62,000, but measured in the real money of gold, home prices fell to just 101 ounces of gold.

For the next 16 years, and into the real estate bubble top in 2005, the medium home price rose to $225,000 or 545 ounces of gold. Since 2005 it’s been all downhill with the medium home price now down to $178,300 or 162 ounces of gold.  One does not need to be a genius to see we are in the process of retesting the 1980 low where about 100 ounces of gold bought an average home. Obviously many local real estate market’s average homes are already below 100 gold ounces (think:Detroit).

 So is gold giving us a heads-up that it’s a good time to buy a home?

 Well, all I can tell you is that this career renter, (who sold his last house into the 2005 top) thinks we are very close. Just like with horseshoes and hand grenades, close counts when it comes to any major market turn in real prices (measured in gold). Homes selling for less than what they cost to build just a few years ago is another hint that we may be near a long-term bottom.

Given the catastrophic potential for MUCH higher mortgage interest rates in coming years, anybody borrowing money to buy should not wait. However, those paying with cash may want to keep their house money in gold a while longer.

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New York City prices went up 2% in 2013

The median price for a home in New York City rose 2% in 2013 to $475,000 in New York City, including the outer boroughs. Home prices in the Bronx actually dropped 2%. Manhattan and Queens showed the strongest growth. Brooklyn went up half of one percent, while Staten Island remained steady.

While the collapse of the real estate market is over, the real estate boom that the media and the economists’ custom essays have been buzzing about does not seem to be with us yet. Some neighborhoods have been rising, but most of the City remains very steady.

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Lower Priced Properties selling much better in Manhattan than luxury real estate

The average listing price in Manhattan as of January 22, 2014 is $3,026,526. This is down $49,517 from the beginning of the year. But while there are a lot of high end properties for sale in Manhattan, the price of average sold property is only $1,101,000.

The price of the listings highly depended on the neighborhood ranging from the average of only $983,627 in Harlem to a whopping $7,541,793 in Tribeca.

Average price per square foot in Manhattan is $1,347.

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