Voice control has become an integral part of smart home technology. Singaporean homeowners are utilizing voice assistants, such as Amazon Echo or Google Home, to interact with their smart devices. This hands-free control enhances convenience, allowing users to operate various functions with simple voice commands. AI-powered virtual assistants also learn user preferences over time, providing personalized recommendations and automating routine tasks.

Condominium maintenance and sinking fund are important considerations when buying an older property in Singapore. Older developments may require higher maintenance fees or immediate contributions to the sinking fund for major repairs or upgrades, such as painting the exterior of the building. This can contribute to the property’s future maintenance costs.

The sinking fund is a reserve fund that is used to pay for major repairs and replacements to the condominium’s common property. This includes items such as the roof, elevators, and plumbing system. It is important to have a well-funded sinking fund to avoid having to levy special assessments on homeowners for unexpected expenses.

When buying an older condo, it is important to understand the condominium’s maintenance and sinking fund situation. You can do this by reviewing the condominium management corporation’s (MCST) financial statements. These statements will show you how much the MCST is collecting in maintenance fees and how much it is spending on repairs and maintenance. They will also show you the balance in the sinking fund.

If the condominium has a history of high maintenance fees or special assessments, this is a red flag. It may be an indication that the condominium is in need of major repairs or upgrades, and that the sinking fund is not adequately funded.

Keep an eye out for recycling programs that encourage responsible furniture disposal.

Some retailers like Junk Value offer take-back programs, allowing you to dispose of your furniture in an ecofriendly way.

By participating in these programs, you contribute to resource conservation and promote a circular economy. Additionally, explore recycling programs that specialize in furniture waste. These programs ensure that your furniture is recycled or upcycled, further reducing the environmental impact. 

No new transactions has been reported since January 2023. Over the last 6 months, the highest PSF transacted is from a resale house located on Raglan Grove which sold for $7.2m or $1,557psf. The previous highest transacted is for a unit along Brighton Crescent which sold for $8m or $1,832psf back in March 2022.

The cheapest (psf) transacted is a unit located along Carisbrooke Grove which sold for $12.28m or $854psf in Aug 2022.

Over the last 6 months, the highest PSF transacted is from a resale house located on Raglan Grove which sold for $7.2m or $1,557psf. The previous highest transacted is for a unit along Brighton Crescent which sold for $8m or $1,832psf back in March 2022.

The cheapest (psf) transacted is a unit located along Carisbrooke Grove which sold for $12.28m or $854psf in Aug 2022.

No new transactions in the month of November have been reported. Over the last 6 months, the highest PSF transacted is from a resale house located on Raglan Grove which sold for $7.2m or $1,557psf. The previous highest transacted is for a unit along Brighton Crescent which sold for $8m or $1,832psf back in March 2022.

The cheapest (psf) transacted is a unit located along Carisbrooke Grove which sold for $12.28m or $854psf in Aug 2022.

If a tenancy agreement in Singapore is not stamped, it will not be legally binding in the event of any disputes or conflicts between the landlord and tenant. It’s important to pay stamp duty on time in order to avoid this issue and ensure that the tenancy agreement is valid. Not paying stamp duty is also considered tax evasion in Singapore, and the Inland Revenue Authority of Singapore (IRAS) may take action against those who do not pay.

If stamp duty is not paid within the required time period, IRAS may impose late payment penalties. For late payment within 3 months of the due date, the penalty is $10 or an amount equal to the stamp duty due. For late payment beyond 3 months, the penalty increases to $25 or 4 times the amount of the stamp duty due.

No new transactions in the month of October have been reported. Over the last 6 months, the highest PSF transacted is from a resale house located on Raglan Grove which sold for $7.2m or $1,557psf. The previous highest transacted is for a unit along Brighton Crescent which sold for $8m or $1,832psf back in March 2022.

The cheapest (quantum) transacted is a unit located along Carisbrooke Grove which sold for $12.28m or $854psf in Aug 2022.

No new transactions in the month of July have been reported. Over the last 6 months, the highest PSF transacted is from a resale house located on Brighton Crescent which sold for $8m or $1,832psf which sets a new record for Serangoon Gardens in March 2022. The previous highest transacted is for a unit along Alnwick Road which sold for $8.088m or $1,710psf back in Dec 2021.

The cheapest (quantum) transacted is a unit located along Brighton Avenue which sold for $5.08m or $988psf in March 2022.

No new transactions in the month of May have been reported. Over the last 5 months, the highest PSF transacted is from a resale house located on Brighton Crescent which sold for $8m or $1,832psf which sets a new record for Serangoon Gardens. The previous highest transacted is for a unit along Alnwick Road which sold for $8.088m or $1,710psf back in Dec 2021.

The cheapest transacted is a unit located along Chepstow Close which sold for $6m or $1,263psf in Jan 2022.