21 Nov '17, 12am

Here's the salary you need to earn to afford these homes in Singapore. View Table……

Here's the salary you need to earn to afford these homes in Singapore. View Table……

There are two known options to buying property; from the open market or from the developer. But there is actually, a third, lesser known option. The property auction. At any given time, an auction is host to about a hundred people or so. Not all are there to score a new property at a record price. Some prospectors attend the auction as a way to get a feel of the market while others are agents and bankers who use it to introduce the auctioned properties to their clients. Why are properties put on auction? Properties auctioned typically are of a mortgagee’s sale which means, it is put up by the bank that has come in possession of a home for a number of reasons. If the home loan was defaulted or if the once owner had taken up a second mortgage to support a business that ultimately failed, then the bank has the legal right to take the asset for their own. Other reasons include...

Full article: http://www.propertyguru.com.sg/singapore-property-resourc...

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