After Spending So Much On House Renovations, Are you really Sure Your residence is Protected?

Singaporeans surely do love their houses, and why not? There is still the refurbishing of the house to take into account after spending a substantial amount of money just to buy a house. We have previously looked at just how much Singaporeans spend on home renovations, and it’s certainly not a small sum whatsoever. After spending all that cash, you would think it’d make sense to make sure that your nice, new house is protected right? Well, most Singaporeans think they’re, but that may not be the case.

When you purchase a HDB flat, condominium apartment or landed property, the majority of individuals are required to buy a fire insurance policy.

We have even had people refusing to take a better home loan package from MoneySmart because there clearly was no “free 1-year fire insurance coverage”, believing that it’s the most essential idea they should safeguard themselves against home damage, nevertheless this isn’t true and let us see why:

Let us say your home accidentally catches fire over a minor cooking incident, or in the classic Hollywood instance, you leave the iron on and your precious dining table, your son’s Playstation and your expensive Italian couch get burnt to a crisp. Not having a policy that covers the contents of your house will render you weak in regards to asserting anything from your loss.

According to a report from the Singapore Civil Defence Force (SCDF), in the period from Jan-Dec 2014, there were a total of 2,888 residential fires that the SCDF had to respond to. That’s no small amount whatsoever, and we are pretty certain that in regards to your house catching fire, it is not as in the event the fire is going to selectively decide what it needs to burn.

Evidently, overlooking house contents insurance could incur some serious costs.

Fire vs Home Contents Insurance – What’s the dissimilarity?

The crucial difference between the two policies is that for fire insurance, it merely covers the cost of damage to your home’s construction, replacement of any “first” fixtures/fittings, or rebuilding a house (landed property). This includes the first flooring, ceiling, walls, doors, windows, and electric wiring.

Home contents insurance, on the other hand, covers – what’s inside your home; your renovations and contents within your house. But there’s a little more detail to this than fire insurance, which is comparatively more straightforward.

What Does House Contents Insurance Cover?

By and large, these are broadly the same amongst insurers. Its key purpose would be to cover the cost of replacing your possessions should the be damaged, destroyed or stolen.

There are additional benefits apart from just coverage of damage to your home when dealing with an incident to your residence, The Andrew Residences¬†or possessions, that are maybe just as significant. Below are some things that you likely didn’t understand house contents insurance policies can cover, depending on your acquisition:

Accommodation: should you must maintain your stuff somewhere while your renovations are becoming and temporary storage completed etc
The emergency cash allowance can help with expenses, in case your house is inhabitable as a result of the insured dangers for more than 3 days
Accidental Medical Expenses: covers you against any medical expenses or bodily injuries due to an accident
Replacement of locks and keys due to larceny
There are of course a whole list of other things that home contents insurance insures, and this also differs from insurer to insurer, but should you’d like to make sure the items within your house are protected, this is actually the coverage you should be getting.

What Else Should You consider?

This is not something generally covered in all policies, but some strategies, such as the HL Home360 policy (a home insurance plan underwritten by HL Assurance, a member of Hong Leong Group) also comprise a 24 hour concierge service that provides access to electricians, plumbers, locksmiths, pest management technicians and air con repairmen.

This really is a fantastic resource to have in the event you like to take pleasure in the simplicity of calling just one number , anytime of the day, when something occurs at home that needs fixing.

This added service saves you the hassle of having to scramble round the Internet searching for a number to phone. Which is usually the case for most of us is not it? Aircon breaks down? Google for air con repair man. Locked out of your home? Google for locksmith. You might be sweating a few nights away in your bed with all the fan on, anything you find might not be accessible immediately when you call and worst if it’s a weekend.

Remember, one call = bunch of handy men prepared to repair whatever you desire. Quite awesome if you request us!

So Which Policy Should You Get?

Now that we’ve established that by and large, home contents insurance is a must for most home owners on top of only fundamental fire insurance, in the event you be getting a named perils policy or all-risk coverage? You might think that an all-risk coverage is just relevant to people with a house that is huge, but that’s not necessarily true.

  • Having young children at home
  • Having aged folk at home
  • Travelling pretty frequently (1-3 times per quarter)
  • Precious items in your dwelling

The coverage amount and insurance premium also varies significantly between insurers, with annual premiums ranging from as low as $70 (extremely bare bones stuff) to $400 (good stuff worth getting), so as always, be sure to compare coverages till you find the one that is right for you. You never know when those additional addons to your coverage might save you a lot more than merely cash.

Do you think home insurance is necessary? Discuss your thoughts with us here!

Differences Between Commercial And Residential Properties

Until the latest MAS cooling system measures, residential properties have become the property investment of alternative, since 2008. Loan limitations, rising prices, and an added buyer’s stamp duty (ABSD) made it even harder to raise capital to get another property.

With residential property becoming high-priced and increasingly controlled, commercial properties have turned into an appealing option. That is because commercial properties untouched by the measure that is cooling system, due to high risk task.

However, before you decide to purchase, you need to understand these differences between residential and commercial properties:

Understand Your Goals
Just like you’ve two motives for purchasing a residential property (to live in, or for investment), you’ve got two choices for commercial properties too. You can manage the property as a company owner, or use it as an investment.

Your own monthly premiums will be lower.
The worth in your property will appreciate.
Be confident about your ownership objectives before you purchase any property.

Understand the Regulatory Differences
Commercial properties are complex, consisting of the following property types:

Mixed Development
The regulations encompassing each property type are drawn-out enough to fill a novel, so it rests upon you to train yourself on both the rules of commercial property marketplace and your preferred property kind.

Understand the Pricing Problems
In regards to comparing the cost of residential and commercial properties, there are lots of crucial differences you need to comprehend:

Commercial properties generally have a lower price per square foot. This may be due to the shorter leases, which just last 30 – . They’re seldom situated in prime business places, although there are freehold commercial properties.
Commercial property costs are generally more explosive because its worth is tied to business prognosis. You will have to keep a watch on business exports in the event the property is taken by semiconductor manufacturers. In the event the sector slows, renters might need to close their company up or relocate to more affordable places.
Commercial properties have higher yields over a 5 – 10 year span in comparison with residential properties.

Understand the Rental Returns
The rental returns for residential properties ranges from 2% – 3%, but nearly twice that can be yielded by commercial properties with a mean of 5%. But unlike residential properties, commercial properties desire continuous asset improvement.

It is much more easy to rent out an unfurnished 3-room condominium when compared to a naked office. You will increase your opportunities of boosting your capital outlay if you’re able to tailor your premises to satisfy the needs of future renters. That is if you are not choosy about who leases from you unless you do not mind taking a lower rental return.

Understand the Funding Problems
In buying a commercial property in comparison to a residential property, Dayo Condo the largest downfall is the fact that you CAn’t use your CPF.

Here are several other crucial differences to notice before buying a commercial property:

The banks allow you to borrow up to 10% more should you buy a commercial property to be used as an owner occupier of as an investment.
But in case you have a GST-registered business, you can claim the sum back.

Buying An EC?

Purchasing almost any residential property may be the most expensive item in our life. Aside from the primary needs of ‘Possessing a place called home’ , both principal questions that likely in the trunk of one’s thoughts are:
1.Can I Purchase an The Criterion EC Now?
Read on and determine yourself in case you discuss my ideas and could it be the appropriate time to think about purchasing one now.
First thing first, we must consider the variables that may restrict or establish your option.
Qualifications. The eligibility conditions for BTO and EC are fairly similar but for the income amount qualification and family scheme. If you’re a single below 35 years old, your option is restricted to the private condominium or the resale marketplace. For private condominum, there isn’t any qualification condition, it’s open to anybody that has got the resources to buy.
Income Amount. Next, your house choices might be restricted by the overall gross income.
* below $10,000, all 3 alternatives (BTO, EC, private condominium) are open
* $10,000 – $12,000, you can just purchase an EC or private condominium
* above $12,000, your only alternative is private condominium.
Place. Purchasing property is principally about place also it still holds true as the key factor. The most important thing to individuals when it comes to place changes from buyer to buyer. Some may examine surrounding conveniences for transportation and benefit, while for others being near to your table-topping school is essential.
I’ve collated the comforts in a number of the places (Sengkang, Woodlands) where ECs in Singapore are found. Trust to cover most of the regions in the long run.
Budget. Another determining factor will be your budget. You must not overstretch yourself in buying a property. Your financial plan may also restrict your alternatives (BTO, EC or Condominium) as well as the kind of unit alternatives (1, 2, 3, four or five rooms).

Parc Life EC Launching Soon @ Sembawang Crescent

Parc Life EC at Sembawang Crescent / Sembawang Drive is a rich and luxurious house comprises TBA blocks with a total of TBA exe condo units which range from 2, 3, 4 bedroom units and penthouses. Parc Life EC development is just a few minutes walk to Sembawang MRT Station. It is also within walking distance to the iconic Sembawang Shopping Centre and also Sun Plaza, conveniently. The earliest expected TOP of the development: ending 2018 or earlier.

Outside your home space, your life space becomes a near nirvana with cozy and thoughtful facilities all around. Lounge areas covered in verdant landscaping recreates life in a tropical heaven.

Parc Life Singapore deck fitness center and clubhouse are incorporated with landscape region attribute facilities and the apartment blocks. The development is equipped with a sport and fitness corner and facilities including modern gymnasium, huge joggers’ track, 50m lap swimming pool and outdoor tennis court. Other Parc Life EC facilities comprise fun-loving children’s playground, outside BBQ pits, jacuzzi and leisure wadding pools.

Parc Life EC floor plans architectural with its superb and exceptional practical layout permits every individual component a breathless view, maximum privacy and amazing orientation. Outstanding usage of the flat unit space makes it one of the sought after and practical apartment layout. Parc Life layout spacious and huge balconies allow a romantic dinning in the open sky within their home and comfortable surroundings.

The Brownstone EC

Be excited as the up and coming new EC launching will be supplying you as well as your family a luxurious and modern lifestyle. Brown Stone EC is a new start you will never want to be missed, with it is tasteful layouts that are architectural and not to mention the all important high end interiors, it most importantly will be very happy to reside in, and will be an executive condo which your household along with you will likely be proud of. Make your peers covetous by residing in this luxurious and perfect property that is the Brown Stone EC as you showcase your epitome of success.

Understanding the Canberra MRT station is coming up in 2019, and knowing that the government will not allow the MRT station to be a white elephant, it is thus more likely than not, we are able to call that the whole region surrounding Canberra MRT station will experience some form of transformational change in the years to come. Etc, amenities like coffee shops, food courts, shopping centres, childcare centers, clinics, are safe bets.

From the year 2020, there will be 2 more additions in Woodlands North MRT station and Woodlands South MRT station (both managed by the Thomson Line). This speaks volume of Woodlands Town that may possess a capacity of 5 MRT stations serving its residents by the year 2020. And why not? Woodlands continues to be slated to be the 3rd regional center in Singapore, after Tampines and Jurong Business District. Woodlands is imagined to function as Northern Gateway to Singapore. There’ll be massive changes for this town in the next 10 years.

Brown Stone Launching can come together with the complete modern facilities which you come to expect from an impressive and incredible residence. With these facilities, you as well as your family members could have lots of fun as well as recreational activities -filled parties. Only have a look and find out more. The Brownstone EC is 3 MRT stations away from Woodlands Regional Centre. Woodlands Regional Centre is the 4th regional centre after Paya Lebar Central, Jurong Lake District and Tampines.

Another incredible attribute will be it is brilliant location which brings advantage to yourself and your family, to not mention the conveniences around the location. There will be a dull day at this fantastic Brown Stone EC, you will be looking to come back as it takes you away in the bustling noise of the city. Giving you the rest you deserve. Minutes walk to Sun Plaza shopping mall Sembawang Shopping Centre along with a stretch of F&B along Sembawang Road.

Sol Acres Executive Condominium (EC) at Choa Chu Kang Grove

Sol Acres Executive Condominium (EC) at Choa Chu Kang Grove is a brand new residential development by famous developer MCL Land.

Sol Acres is also near-to eateries and many malls. Amusement for friends and the family are therefore together with the entire condo facilities along with the conveniences near Sol Acres at your fingertips. Sol Acres could not be inaccessible with Chu Kang Bus Interchange jointly with Keat LRT Station. Additionally it is right beside Expressway. Sol Acres is also close to Shopping Center and Bukit Panjang Plaza.

Situated at Choa Chu Kang and obtained in Choa Chu Kang EC area 23, Sol Acres is the leasehold development that’s valid for 99 years. The anticipated completion of Sol Acres EC is at the center of 2018. It characteristics near 1,000 units in TBA systems. and stands tall It’s found just. In future, you’ll be able to readily obtain shopping areas and the closest dwellings and Lot 1 Shopper’s hallway where you can have enjoyment with fam and have social gatherings. At Sol Acres MCL Land, an especial lifestyle that is astounding will be loved by you.

Again, the marketplace wasn’t passed in by it and it maintained to stay safe. The the price on private property drop the home panel itself and around 6% of fell. It’s a whole lot less than anticipated. It seems that there’s no right investigation cck sol acres. The specialists who made predict of pitfall that is 5% for over 3 years are a bit closer to reality. A drop of a single number could good for HDB marketplace,to national development minister. Think about important predictions on the newest Sol Acres EC.

Obtained in region 23 and situated at Choa Chu Kang, Sol Acres is the leasehold development which is not unlawful for 99 years. Sol Acres EC’s anticipated conclusion is in 2018’s mid. It with storeys tall features near 1,000 units in TBA systems and stands It is found just. In future, you can simply reach Lot 1 Shopper’s hallway whereHave social gatherings and can have fun with family and shopping places and the closest dwellings. At Sol Acres MCL Land, you will enjoy a lifestyle that is exceptional that is astounding.

GSH Plaza

The Future of Singapore and GSH Plaza

where-gsh-plaza-locatedSingapore has always produced its share of thriving business in Southeast Asia and today it boasts a newly revamped skyscraper investment building. The new GSH Plaza is a recently acquired commercial real estate investment opportunity in the heart of Singapore ‘ s financial district. GSH Plaza was purchased by GSH Corporation. Formerly Equity Plaza, the building has been completely renovated and renamed for potential new investors. From the landscaping and outdoor architecture, to the interior of the building, the new GSH Plaza is ready for business opportunities to find a home within its walls. It is a commercial business development near Singapore business districts for prime location and exposure for business investors to feel confident in the future of GSH Plaza.

The GSH group is seeking investors to welcome worthy new investors looking to take advantage of the building’s fantastic location and extensive panoramic views. From the top of the building you can see the beautiful Marina Bay and all the way out to the Indonesian islands on a clear day. The office building is one minute from one Raffles Plaza, a spectacular 63 story building, famous to Singapore. GSH Corporation Limited promises to its incoming requests of financial investors that GSH Plaza has everything a business could want: location to the city’s mecca of business and finance, proximity to hotels and dining, breathtaking views and ample excitement in the building opening to attract foreign and domestic investors from around the world.

GSH Corporation Limited has been working diligently in Singapore and Malaysia in other areas as well to grow their company reach and prove its reputation as an ever growing leading company to invest in now. Their constant growth is evident now is the time to invest in the GSH Plaza not only for now and the foreseeable future, but also for the impending business boom of commercial real estate and commerce. There is further development and business opportunity being built in Singapore and Malaysia with GSH Corporation Limited in multiple locations.

The expanding city of Singapore in business and tourism is giving the attention to the city, making it a growing hot spot for companies and investors to put their money into the next Dubai that is already proving more stable and lucrative over the long haul. This is why GSH Corporation Limited is building business properties, high rises for living, and even leisure possibilities. GSH Plaza has teamed with the best developers and management companies to manage this new business building and bring trust and piece of mind to all of its investors.

Westwood Residences EC Coming Soon @ Jurong

This top-notch exec condominium is located along majestic Westwood Avenue, in Jurong West. It is a serene and luxurious place in every sense.

Property specialists totally agree that Westwood homes will get awesome enthusiasm from purchasers searching for an EC within the Jurong west area. On the other hand, the cost which they are eager to pay will be unique in relation to what the engineers will be offering.

It is right alongside Nanyang Technological University and additionally Jurong Junior College. Additionally, the neighborhood strip mall Gek Poh Shopping Center and Jurong Point are practically around it, which certainly brings advantageous access to Westwood living arrangements.

Exclusive condos for sale have prompted one of the most convenient ways to homeownership available in real estate. When buying a new condo, homeowners will be able to enjoy all the benefits of a fine house, with the added benefits of great common facilities.

The condominiums offer the support and strength of experienced developers, contractors and architects and renowned designers who urbanize these properties together. Furthermore, the designs and the features offered are often based on the latest trends. This allows these houses are fully updated with what users search for your property.

The condos are even useful for those who buy their first place without leaving quality aside, and for those who buy a second property, those seeking a holiday or even a property where deposit some heritage condo. However, keep in mind that when you buy new condos some restrictions or limitations may apply, which is why you should always trust the expert advice when buying this type of housing.

Common services available in luxury condominiums that have them in a simple house can be expensive, include security services and concierge, lush gardens and manicured, well designed swimming pools and beach clubs, meeting rooms, business centers, tennis courts and other sports facilities, well equipped gyms, saunas and spas with saunas for 24 hours, 7 days a week. Sometimes these amenities also include free cable television and the Internet, which are part of the monthly maintenance fee and tenants looking to rent condos appreciate them.

With Westwood luxurious residences condos you can find a practical solution both for those who buy their first home and for those who buy a second home, buying condos because they need a quality home without the hassles of owning and caring for a house simple.


It is a good choice for first time buyers, too, these are smaller and less expensive than a single family home and may include attractive amenities as part of the association of owners: as concierge and security, TV cable and wireless internet access, pool and beach club, tennis courts and other sports facilities, spa, gym and annexes restaurants, among others.

In short, the advantages of this condominium are:

  • Have no worries: you will be responsible for very little or no maintenance or repair outside the condo.
  • Great services: this condo deal offers a variety of luxurious amenities (pools, playgrounds, tennis courts, etc.) that would otherwise be more expensive.
  • Living easy: you are solely responsible for maintaining and cleaning your condo inside. The rest of the structure and all terrain cares maintenance program selected by the homeowners association.
  • Fabulous locations: the condos are usually located near employment centers and shopping.
  • Great value: condos often have better prices than other forms of housing.

Basic – How does it work?

You buy a condo in Westwood residences, as a first or second home in the preconstruction phase with a developer of great reputation with a good record.

You benefit from securing your property at an affordable price with only advance because you’ve entered early in the process. You get the home of your dreams come true in the perfect location to enjoy the desired services!