Why I'm Buying a House In One of Asia's Most Expensive Country
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- Опубліковано 14 лип 2020
- Why am I buying a house in Singapore, South Eastern Asia's most expensive country? Flats here are not cheap, they tend to be small, and they are 99 year lease. So why? Find out in the first 10 seconds of this video!
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FYI, there are three types of houses you can buy in Singapore.
1. HDB (Public housing)
2. Private Properties
3. Executive Condos (ECs)
I am going for the HDB because we are eligible to purchase under the Non-citizen spouse scheme. We are thankfully eligible for some grants too.
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#Singapore #HDB
1 year later: Why I'm making a baby in one of Asia's most culturally diverse countries
7 year after that: Why Singapore's primary school are neighbourhood schools.
Haha, good one la
7 year after that: Why I should have bought a house near Singapore's most elite primary schools
China is more culturally diverse
19 years later: why I’m letting my son joining NS
Very cute sia when you said "Yishun is my favourite neighbourhood".
This is helping me a lot Ojiisan, thanks. I am currently at a similar phase, and it helps to have someone show the steps and experience in a more vivid way than boring papers.
Did you proposed marriage by saying “ Can we apply for a HDB Flat?”
Singaporean joke!
Bto ai mai?
Yes literally how my dad proposed to my mum 30 years ago.
I find the joke around this question quite strange. When we dated, there will come a time when both of you will have an understanding that you will be married to one another ya. I mean you will even discuss wedding plans, honeymoon plans when you are serious enough?
please do more videos about your house, make it into a new series from start to finish, including furnishing etc, would be fun to join along!
Wooo this is a huge decision! Hope you and your wife find the perfect place for the both of you! Makes a lot of sense to purchase an HDB flat considering your wife is a local there. Hope to see a house tour once you move in!
Huat Ah Ghib-San! Thank you for showing us around the service arpartment. Love the view! 👍😁
Will be interesting to see your house search and all the different neighborhoods!
So excited to watch your house hunting series !
こういったマニアックな部分も知れて勉強になります！
I bought a HDB 3rooms , it consist of 2 bed room and 1 utility room, and I rented 2 rooms out and left the utility room for myself to sleep, for single only allow to buy a BTO 2 rooms, which is only have 1 room, and in a non mature estate, I bought near to a MRT , hawker center is near distance with a lot of good food
素敵な物件が見つかりますように！
物件紹介楽しみにしています。
Feels like buying your house makes you permanently here to stay! Welcome!
So exciting! Best of luck in finding your love nest. 😍
Cos the amount of monthly rental is same as paying your monthly mortgage loan...so its better to own your own house. Do a survey on the estate you want to stay in, however if its a HDB and near your in-laws house, you can get some subsidies.
Nope, he is a foreigner so he will be subjected to way higher taxation if he buy instead of rent
Soon to be PR - especially in 9 months time 😂
additional 20k subsidy to stay near your in-laws... within 4 km or same neighbourhood e.g. seng kang
Not sure if there is any revision in the terms and conditions for housing, i got mine in 2014 and there was no grant because it is within mature estates. My bto is near my parents' place. Only got the extra chances during balloting.
@@johnwig285 he has a singaporean wife
Would loves to see u around Sengkang one day!! Keep making more nice videos!! Thumb up
Ji pun lang zhao liao 😂🥰😅
Hahaha! I’m so excited looking at the thumbnail because that estate is where I am living in too! Hope to see you around soon 😎 meanwhile, goodluck in looking for a new home 🏠
Ghib! 4 room costs $400,000 to $600,000! Not $40,000 to $60,000! You left out a '0'!🤣
Ghib: 😵😵😵 Wife, let’s move to Japan instead.
i think he is stating the price of a BTO after grants. because even before grants, 3rm BTOs average around 100k
@@hironyx That's more for a 2rm BTO before grants. 3 rm before grants would be about 200k.
Woops, thanks for the correction!
@@hironyx bto before grants is more than $100K. Unless 2rm bto. 3rm and above is $100K onwards. Some places $180K onwards. newly developed area cost less than mature areas
In case anyone is wondering why buying is only 99 years:
Singapore is too small and has not enough land. So if land is all 999 years, older families will hog the land and newer families will be unable to buy a new house.
@@soc7052 he is buying a resale flat, did you watch the video before replying ? i guess not.
Feels surreal seeing you take root in our city-state HAHA
would love to see u around sengkang someday
Ghib san you are healthy! Drinking only kopi o kosong, keep it up!
Come and live in East side of Singapore, Pasir Ris or Tampines, you will love it, food + parks + nature + shopping, etc
wishing you and your wife good luck in finding the perfect house ! :D
Nice to see you considering a resale HDB resale flat in Yishun! Flats in Yishun (like those Woodlands, Admiralty, Canberra, Yew Tee and Choa Chua Kang) tend to have the most competitive pricing in Singapore, and you can get good prices even for flats that are not far from MRT and other amenities. If you want larger-sized 4-room HDB flats i.e. 105sqm instead of 90sqm which is now the norm, you can look for flats which are around 20 years and older.
Looking forward to your journey with your partner in finding a house in Singapore. Good luck Ghib-san, don't look just at Yishun there are other estates too lol!
He was in Sengkang in the video haha
「豪邸住んでスーパーカー乗り回しているジブおじ」よりも、HDBに住んでMRTやバスやシェアサイクルを乗りこなしているジブおじのほうが「達人」っぽい感じがします😀
Ghib-san, don't worry about the 99 year lease. The 99 year lease system is a very necessary part of housing in Singapore because we have so little land. It ensures that the government can plan to build new properties after demolishing ageing estates for future generations of Singaporeans.
Good luck to you and wifey!
Nice!! I can recognise this is in SENGKANG!!!! Hello there neighbourhood mate!
Reminds me of when I was doing HDB hunting last year. hahaha I think it took me 4 months from viewing to finally completing the transaction. I got a resale too because of the grants and size. Some of the newer flats, the kitchen is so tiny i think only a max of 3 people can stand inside. people like to sell their bto after MOP so they can earn money and upgrade to bigger flat or a condo and I think their price is ridiculous. I got a 19 years old 5 room flat, it's a lot more spacious. Price per ft so much lower than the newer flats. The money you save can be used to renovate or buy furniture.
Best of luck with your home hunting. Hope you find one you like easily.
i think you missed a zero for the the price of hdb flats.
Good Luck !!
Good luck on finding a nice flat !
結婚して、住居購入とここでやっていくことを決めたんですね。頑張ってください！
私は駐在員ですが、コロナもありSGでの生活がかなりしんどくなってきました…
正直、はやく日本に帰りたいです。
Very accurate understanding and explanation. Nice kopi-o-kosong. Check the old flat's condition carefully that you are buying, otherwise repairs of the piping and electrical network will add to your costs. Good luck.
If you can wait a little longer, there’s the Open Booking of Flats in August, basically flats that are left unselected after BTO sales launch, then not selected in SBF and after that not selected in ROF. Anyway, OBF are flats that are unwanted or not sold - usually flats near rubbish chute or 2nd floor but last time I checked there were many good options like above 9th floor 4-room flats :)
Also, not all BTO takes 5 years to build. There were some that only took 2 years.
See you around Sengkang!
im early! Please do a house tour!
If you wanna get a house in Singapore i would suggest you to get a place where wet market , transport and hawker centre is near your house so that it is more convenience for you.
HI yes try sale of balance flats(SBF) you might be very lucky now cos due to the pandemic, i heard a lot of people returned their ready chosen choice units from previous BTOs. So if u look around on their hdb websites might be able to find. Good luck!
Being a half Japanese/Singaporean myself, I am genuinely happy to see someone who has so much commonality with me, creating contents that connect the two countries. Keep up the good work!
welcome to yishun! i been living in yishun all my life and im looking for a resale hdb here too!
Good luck!😊
Ghib-san, do look into Sales of Balance Flat (SOBF), some have ready key to be collected or wait only 1-2yrs only.
すばらしい！おめでとうございます！！
ぼくもとてつもないローンを背負って奮闘していますよ笑
Ghibli Ojisan...You can get it ! Gambatte!! Tsukete!!! 🙂
Sg is safe enough. So I dun need condominium. My hdb area got Swimming pool n gym jus 5min walk. N near to mrt station. Condo is good for second property
There are also HDB flats in areas where already built up, and extra units not taken up yet. You should look at HDB for those extra new flats. And it is way cheaper than resales.
If u buy a resale flat, better find out how many years of lease left from ex -owner? All HDB flats from 1 room to 5 rooms, Executive apartment or Condominium are 99 years lease from 1st buyer. The price will be evaluated and depreciated as years goes by. Landed properties and private condominium are 999 years lease.
Not all hdb flat units have a bomb shelter! Some flats have it in the homes itself (like yours) and some areas have a very big one nearby in one of the void decks. Those are normally being rented to be part of shops or part of kindergartens/day care centers/clinics etc. (MIGHT be wrong on this tho 😅)
Wow, surprised that you are going for a HDB here! Feels very strange that you are planting your roots here!
Note that actually, older HDBs used to be designed uniquely! For example, the previously demolished rochor centre had unique four colours, and the HDBs were so iconic. In Tampines, there are four blocks that has a unique design and structure. Apparently, it was supposed to be built in Simei (in reference to the Four Great Beauties of China) and the 4 blocks were meant to somewhat of a condo. It's different in the sense that it has BBQ pits! Most HDB estates don't have those. Sadly the newer BTO flats look really identical... I wish they continued to diversify the designs.
Though resale flats might be a good idea, I think there are additional costs when you renovate it though? Can't wait to see you find your ideal home sweet home!
huh..which of the 4 blocks in tampines?
3 room flat at 40k-60k is the cheapest price you can find, before grants. that would be a build-to-order (meaning you have to "bid" for a spot, be lucky enough to be chosen and wait for 3-5 years for it to complete construction) at a very remote location (probably the most inaccessible places) in order to get that price. most 3-room BTO flats average around 100k and at least twice or 2.5x the price if you buy from open resale market
Most 3 room bto flats at 100k. U sure?
Yes for non-mature estates BTO e.g. Sembawang,
wow that’s sengkang i didn’t expect
Nice T-Short from Uniqlo! I have one too
Yay come to Yishun!
Hello good luck with your house hunting, it’s an exciting rite of passage for all singaporeans to buy their first HDB ☺️. By the way, 99 years lease starts from the day the land was bought by the developer not the day you move in, so the lease is actually much less years! If it’s too old you will also not get the gov grants so make sure to find out all the right info!
I'd rather live in a plain HDB apartment and have a very attractive bank account!
Ur money get stolen i laugh
Do u know that there are good loans and bad loans? Good loans yield capital gains and an ROI that easily beats inflation and bank interest rates.
Live in a Bto 2 rm flat and drives a 7 series BMW. With millions in the bank.
Story of my life! My wife also notices that of her students who live in HDB, their parents tend to have alot more spending power.
Stay in condo, very expensive. Save money, don't go out
Hahaha, lease is quite important if you have intention of selling/not selling. Intention of selling because once the lease goes below a certain age, it will be harder to sell and you may be forced to sell at a lower price. No intention of selling is pretty straight forward. All the best!
Hi Ghib. You can also explore the option of looking at new HDB flats under the SBF scheme. This are flats that are new but due to reasons are not occupied. Which means unlike BTO you don’t have to wait 5 years. Downside is compared to BTO you will have limited choices to choose.
Go to HDB website to find out more.
Also if you are looking at re-sale flats then you should look for flats near your in-laws. As that’s how you will get the proximity grant.
Oh..? You're actually in Sengkang, and pretty near to me.. I know that park....
Yes it’s good WP won there 😎😎
Sin XE lmao bring politics already
saw Sengkang Sq Kopitiam too.
good luck in your new search
welcome to Singapore !!
I would recommend to look for a Property Agent to speed up the process of finding property / apt here especially Foreigners, there are tons of Rules and regulation here
Selecting a HDB ~ lead to a lot of future plans - Children, Work Area, Expected Environment in nearby area, time to sale it, rent it for expense... etc...
Welcome to yishun! I hope you have been to Chong pang!
You can also visit HDB Hub @ Toa Payoh for "sample" show flats.
You can start off with a hdb first and buy a condo later after 5 years while renting out your hdb. This way, you can have two properties and passive income from the rental of your hdb.
As Singapore is land short, most properties are up to 99 years, so that the Government can redevelop the land for new building.. 99 years is also long enough for an apartment as it will be worn out no matter how well it can be maintained..
You can check the showroom of new bto flat at Toa Payoh hdb hub.
やっぱシンガポール🇸🇬で家を買うと高いですよね
バルスジブおじ様😊
わ〜お😲
お家を購入するんですね👍
引っ越しがいい転機になって
もっともっと幸運が舞い込みますように🙏
いつもありがとうございます！
@@GhibOjisan 様
ご返信ありがとうございます🤗❤️
ジブおじ一家に幸あれ
🤗❤️❤️
Ghib-san, if you buy a HDB flat within a certain distance of your in-laws house, you can get an additional grant from the govt. The wait for a BTO is much shorter now. About 3+ years, I think. And it's cheaper. Much cheaper. Also, sometimes there are some BTO flats that were not sold during their particular launch. You can buy these at the lower BTO prices, but don't have to wait for it to be built. HDB call these sale of balance BTO flats. Can consider checking it out.
Ojisan, it is not 50K for HDB flat, it is about 500k. Correct me if I m wrong or I have misinterpreted your sentences?
Yeah, came here to check on this... if a house is $50k, I'm moving to Singapore now!
What he mentioned was a grant. That means the government will make the flat cheaper for sale to Singaporeans. He hopes to get a grant of 50k which will make his HDB flat 50k cheaper
@@9540400 before that he mentioned something about 40k to 60k. he wasn't talking about the grants
Nah a 3 room is around 300-400k (with slight variance depending on location) yes he missed a 0
he missed out the 0
私も来年にはシンガポール人の彼と結婚し移住する予定なので、生活のイメージができて参考になります☺️
精神的に準備してくだい。 シンガポールは世界で最も高価な国の1つです。 観光地だけ行ったら意味がないんです。 シンガポールの文化とその否定的な側面を実際に体験するには、しばらく住宅地に住んでいる必要があります。
There's con's & pro's in living in an hdb some places does'nt have any bus stop / mrt and you have to walk very far for the bus stop or the mrt , like marine parade there's no mrt only bus stop .
When a singaporean and foreign spouse get a flat, u can put the flat under both ur names as owners. Besides getting the grant...
Have u try the Yishun 925 chicken rice?
Is tasty😊
some of my neighbours already sell their flat after staying for the minimum 5 year occupation period...so even if getting BTO flat, some also don't stay long. so better to get one with good location good price and...if possible good neighbours? have fun searching for your first house here :)
Woohoo welcome to Sengkang
Most likely I will not be alive after 99 years. Love how you say it so matter of factly😂
If he is still alive after 99 years, he will be 130 years old😂
@@RonLarhz bruh nowadays even ur future kids wud wan to have their own house when they got married
As a local. I realise something. Whether if you are staying in HDB or private property. Be it divided by road or side by side. Ironically, we breathe the same quality of air and drink same quality of water.
Badly expressed message.
HDB flats r value for money, they r the quality n have the internal design of the Spanish private condos, but Singapore’s having a safer environment n better education environment for your kids. Our government is also taking the first hit on our behalf by building HDBs n maintaining it for us at a yearly loss of 1.8billion. No where else can you own a city apartment with city like a emitters at such a price. Our BTO prices r 50% cheaper than what a refugee would pay in a Scandinavian country. My 2 private houses were worthless in finland because the economy n unemployment rate was depressing ,thus my property did not gain value like they did in Singapore. Freehold or lease is irrelevant if your country’s economy is weak. Nothing is worthy for your investment if your country is unstable. Good choice Ojisan.
家探し楽しいですよね！
i'm really looking forward to how you renovate your house?
やっぱシンガポールの家たけぇっぺ！！
Maybe you can try sell of balance flat, mean some new flat no 1 taken.
Go HDB web page check it up.
I like how the flip flips were dropped on the ground.
Condo is not worth to buy. Nowadays there are not many condo that are freehold or on 999years lease. It's the same as HDB, 99 years. Pathetic. Only difference is amenities and on top of that I have to pay freaking maintenance. So please don't waste your money on condo.
Can't wait to hear where your flat will be.
Same
if near parents house, more discount
Where is he now is in Sengkang.
Immanuel Derrick Koh i live in Sengkang so I know where he is, currently
Getting a HDB/EC is a good choice for a first home, there are subsidies and you can get a second private house in the future while keeping this HDB. (Reverse is not true based on current property laws)
Domesticated Ojisan! Hope you find the perfect home!
If you want hdb flat, get the new bto flat which has 99 years lease. Don't buy resale flat which has very short leftover lease, which is very hard to sell after 5 years staying in it. It's easier and cheaper to get it in non mature estate.
Other than flooring and ceiling, you may like to take note of water piping in the toilets. Also if any of the walls look strangely stained. Yes, stained like the movie "仄暗い水の底から" . But don't worry, the cause is usually not same as the movie. I have heard of stories when the walls are so thin that when your neighbour next door turns on the air-con for too long, your wall will turn damp.
Also, do undercover visit the place during day and night. You want to see if there are things which the property agent or the flat seller is not telling you. Good neighbours is very important factor too.
Another you may take note. If the flat you are buying is located at lower level, and there is a coffeeshop/foodcourt directly below. You may get cooking smell smoke daily, which some may not like because their washed laundry will catch the smell too. But since your wife is a Singaporean, she probably know a lot of other tips as well.
All the best ya. 👍
I would be very happy to have a house for 40k-60k lol...sadly it's close to half a mil that's 400k-600k , not 40k-60k lol
I think you might have forgotten to mention that there are some jumbo flats in some HDB areas. Besides getting the grant from the government , you and your wife might have to fork out some extra money for renovation
Ghibli , I'm in the same boat as you ! My wife is a Japanese and we are searching for resale HDB right now !! Perhaps in your next video, you can talk about the Grants that Singapore citizen and foreigner spouse are eligible for.
Just look up on google. Government recently increased the grant for Singaporeans with non Singaporean spouse.
Faster make a kid, can have even more grant. Lol, kidding
@@mrpolarbearrrrr call the HDB and you get all the information needed.
The range is 40-60k? I think you misquoted haha. It’s around 200-400k for the average housing can go up to 500-700k in centralised districts.
You chose a right area, sengkang is suitable for young man
Hi ghib!! This is the first time I'm so early!!
Huat to you!