One18 Residences Phnom Penh by Kingsland Global

I’m never one to endorse overseas projects due to this class of investment’s uncertainties as appose to our regular local projects where we know our demography a lot better. However, One18 Residences has piqued my interest knowing the people behind the development and after numerous stress tests on the developer and SRI is proud to be the sole exclusive marketing agency for One18 Residences, Phnom Penh, Cambodia.

One18 Residences
Towering in Phnom Penh City and enjoy great views from the high floor of One18 Residences

Growing Cambodia

Still a third world nation, Cambodia has been enjoying exceptional growth and attention from foreign direct investments (FDI) in recent years. She has enjoyed averagely over 7.2% in GDP growth annually and is set to do the same at least in upcoming years; As for us at home, being a first world and with recent big slump in the financial, oil and gas industry, we are experiencing one of the weakest growth in GDP over the past 7 years.

As with a member of AEC and situated in almost the same latitude of great AEC neighbours, Thailand, Vietnam and Laos. They are growing rapidly with strong young population and transforming quickly into a business hub with attractive favourable conditions for new and established businesses. Continue reading “One18 Residences Phnom Penh by Kingsland Global”

In Response to SRI5000 splitting away from SLP International

We are happy to be featured in The Edge on being the next upcoming realty agency, with mainly people whom have been with us for the past 6 years. As the article mentioned, our office is at Tiong Bahru, the quaint place which is full of old charm and great food.

You can read more about the article here at The Edge.

I’d like to touch on the headline since it could spin off as something which might carry some negative thoughts to either SRI5000 or SLP International. Reading the article might shed better light as the full article is very neutral in standing.

It was an amicable split that we do things our way to the best of our abilities to give and bring the best to our realtors. We have no affiliation with SLP Realty, SLP International or ZACD with our new setup. Citing our differences, we still wish them the best in their future endeavours.

A New Start with Singapore Realtors Inc

Winning together is important isn't it?

It’s coming close to 10 years embarking this journey.

Remembering the time when things were simpler, the consistent struggle as an individual; the happiness and disappointments when I first started out in team building. The adrenaline rush when closing the first deal, the satisfaction of seeing my clients happily settling down with their homes and garnering property returns in the long haul still excites me till this day.

With the formation of SRI5000 from the blessings of my former team in Knight Frank and a stroke of fate in a penthouse sale, Bruce Lye and I thereafter came together in SLP Empire (now known as SLP Realty) where we then had the chance to work with many great people. We are still counting our blessings.

People always ask us how did we maintain the bond so tightly for such a long time. It’s really an open secret. With the hard and the good times that a team stays together, forging a bond that could withstand the test of time. You have people that’s willing to give, you would receive in aplenty. You take care of the circle around you and the circle takes care of the ones that’s around them. It’s just plain karma at work.

Singapore Realtors Inc (SRI) embeds the spirit of the group’s vigor and tight friendship, with the willingness to share and assist one another be it in good or bad times. The pivotal reason to have make the decision with Bruce was to ensure that everyone that we cared for have a place where we can continue to grow and learn together. Veteran Tony Koe whom I’ve known for a decade who knows exactly how to run an excellent agency with his experience and with our combined vision of achieving a good ratio of quality versus quantity for our elites in the industry, there’s a high level of confidence that this is another milestone that has yet to cast.

Also not forgetting a strong support from Legalworks that the elites enjoy a peace of mind when assisting their clients and Nick Tan, our current KEO who has been actively participating in growing. Last but not the least, the strong iron fist administrative support from Angeline Quek and Rose Khoo, whom has already forged their bonds with the team years back.

Moving ahead, our people would be seeing more and more initiatives as we have already etched them to SRI’s work plan. As of current, it’s already very encouraging to see our elites embracing new changes quickly such as using new tech work chat, and enrolling in crash courses for foreign language like Bahasa Indonesia. With blessings with all my friends, clients and colleagues, I’m already on the sunny side and it’s time to win together :) After all, it’s all about the experience…

ps. Like our Facebook page if you pop by!

SRI5000 Sets Record in Pebble Bay at $1,501psf

The Edge property had just featured this transaction. SRI5000 is responsible for the closed sale and is proud to acknowledge it. People would call it a challenging market but with a great profile client whom take our advice seriously and with the right network of buyers and co-operative colleagues from the industry, this was done properly.

You can read more about it in The Edge here.

Innovative Marketing Video for 28 Cove Way

SRI5000 is appointed the exclusive marketing agency for 28 Cove Way in Sentosa Cove. Just look at this interesting video from The Propertician to find out more about this beautiful water way house.

p.s. It comes with a free swanky new Lamborghini Huracán.

You can contact any of our SRI5000 Elites or myself for an exclusive no obligation arrangement to view the place.

SRI5000 Developments Get Featured in The Edge Singapore

We’re quite honoured to be featured in The Edge Singapore today on our two developments which we have developed. This has been such a fun journey thus far and we will continue to learn and strive to build more quality houses which our customers will be proud to own.

Find out more about the 2 plots (2A Andrews & 9A/B Berwick) by contacting any of our SRI5000 Elites or myself at +659091 5000 anytime!

4 More Scenarios for Additional Buyer Stamp Duty (ABSD)

_DSC8097 copy

Following up with the previous guide on ABSD and SSD, Dorothy Tay the principle solicitor for Legalworks has shared with us four more new scenarios which she has posed to IRAS. These are IRAS official answers.

SCENARIO 1

We have a client SC who has sold his HDB property. Option was issued and accepted but 1st appointment has not taken place and HDB’s approval for sale not obtained yet.

If he now buys another property before the 1st appointment and apart from the HDB, he does not own any other residential property, is ABSD payable? Is the issue of whether ABSD is payable dependent on the 1st appointment or a person is deemed to have sold his HDB once the option issued has been accepted.

IRAS REPLY

For the purpose of stamp duty, your client is considered to have sold the HDB flat, when the Buyer exercised his option to purchase. Upon the sale of the flat, your client is therefore not liable for ABSD on the purchase of the next residential property, as he is considered to be acquiring his first residential property.

SCENARIO 2

For a married couple both of whom are SPR, can they apply for a remission if this is there first property.

IRAS REPLY

ABSD may be remitted on the first residential property purchased by a married couple,
involving at least one Singapore Citizen spouse
. There is no provision for remission when they are both Singapore Permanent Residents.

SCENARIO 3

If a person is a US citizen and also a SPR. Must he pay ABSD if he buys his first property. Can he choose to use his US citizenship so that he need not pay ABSD.

IRAS REPLY

A Singapore Permanent Resident, who is also a National of USA may apply for a remission of ABSD under the FTA agreement.

SCENARIO 4

If a husband owns a HDB flat and the wife is only listed as an essential occupier but she is not an owner; when the wife buy a property and it is her first property, is ABSD payable? Assuming both are Singapore Citizens.

IRAS REPLY

If wife is a Singapore Citizen, an occupier of a HDB flat, and does not own any residential property; she is not liable for ABSD on the first residential property that she purchases.

Dorothy and her legal team can be reached at +65 63251722 for any conveyancing advisory.

legalworks-edited