Adrian Lim, a property agent at SG Realty Partners, is assisting James Ng and Lilly Ho, a couple planning to get married, in purchasing their first home.
They are interested in a condominium unit in the central region of Singapore.
Adrian explains the various property types and the regulatory framework surrounding real estate purchases.
James and Lilly are particularly interested in understanding the implications of the Additional Buyer's Stamp Duty (ABSD) and the Total Debt Servicing Ratio (TDSR) on their purchase.
They also want to explore the possibility of investing in a Real Estate Investment Trust (REIT) as an alternative to direct property ownership.
Adrian advises them on the zoning regulations and the potential impact of government cooling measures on their investment strategy.