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Hi voice,

Guide price means this is the "roughly-asking" price that the seller is looking at. It means the price is just an indicative and it might not be the actual price that the seller is selling at.

"Built-in" prices are usually important when it comes to landed property - because some people like to look at the $psf of the land, whilst some others want to look at the $psf of the building itself. This is important for cases like: 2 landed property having the same land size and same price, but the one that has a bigger building (e.g. one more floor) will have a bigger "built-in" size, henceforth a lower "built-in" psf.

There are some other ways to benchmark market price levels. Feel free to call me anytime at 96882200  if you wish to find out more. No obligations to buy anything from me. :) Read More

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Hi Voice,

Jonathan has covered most of the technical definitions of your questions. The subtle questions that I am guessing, which you did not ask, I am addressing below, hope my guess is right.

if you are a foreigner, and if you are looking to buy a condominium, its not much of an issue as most condominiums (except the small boutique apartments - which are technically apartments), allow foreigners to buy.

But if you are looking for a landed house, you will need special approval from the Singapore Land Authority.

Suggest you visit www.sla.gov.sg to find out the requirements for your ownership of such properties. This includes shophouses which includes the title for the land it sits on (especially those in Joo Chiat which are mostly used for residential rather than commercial)

If you are purchasing residential property, and you are unfamiliar with the market, its definitely advisable to do more ground work, speak to more people.

Consultation is free of course, so no to worry that we will slap a huge bill just for asking questions :)

Contact me if you need more clarification.

Cheers,
Yian Tay
ERA Realty Pte Ltd
CEA Regn No - R027190C
Email: yiantay.era@gmail.com
Mobile: 81003493  Read More