Owning a club membership is a way of life in upbeat
Singapore. It serves two purposes:
First and foremost, it enables the family to enjoy
the recreational and other facilities a club provides.
This varies in extent and sophistication depending on
the club and type of membership. Generally, you pay
for what you get. Secondly, it is an asset. As an asset,
its value is subject to factors beyond the control of
the member. One factor is the vagaries of the market.
Another factor is the hefty transfer fee (plus GST at the prevailing rate) that the seller
has to pay.
Beyond that, but worthy of consideration are:
The finance or holding costs (if the
purchase is financed)
The additional fees you have to pay
in using the club facilities (particularly if you will
be playing golf or introducing guests)
The compulsory spending levy at some
clubs
The monthly subscriptions (particularly
if owning or thinking of buying additional memberships).
Some of the questions you should ask before
buying:
What facilities do I need?
Which club offers the facilities I need?
What is the cost of maintaining a club
membership?
Do I need a golf club membership?
Is investment a primary objective? If
yes, am I familiar with price trends?
Do I need or can I afford more than
one membership?
What is the best way of buying or selling
a club membership?
Are all agents or brokers the same or equal?
SINGOLF can help you resolve your above
queries and more. Singolf believes in client satisfaction
and therefore does not require clients to sign options.
WHETHER you are
buying or selling a particular club membership or just
wanting advice about clubs and club memberships, please
contact Lee Lee by phone, email or fax. To contact Lee
Lee by email, just click the email address below or copy
and then paste onto your email program.
|
