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3 Ways COVID-19 Has Redesigned Our Homes

In April 2020, the Singapore government announced the start of the circuit breaker and made it mandatory for employees to adopt the ‘Work from Home’ (WFH) scheme, forcing everyone to work in a non-office environment. Never have we stayed indoors for so long that our homes have now become our offices, school and for some,

Brief Review of Mortgage Rates in 2018 and 2019 and a Revisit for SIBOR?

General Trends in 2018 Looking back at the trend of mortgages in 2018, we would have noticed that people are all big about fixed rates and many of you would have to ask why? The reason is simple, fixed rates were at a 1.55%, 2-years fixed whereas floating rates were at 1.6%, and looking at

Estate Planning 101: Understanding Insurance Trusts in Singapore

Although wills are one of the few important estate planning tools, it alone may not be sufficient in addressing your needs or in protecting your assets and wealth. As such, the use of trusts is sometimes considered by individuals, in addition to having a will. A good understanding of the various estate planning tools that

Estate Planning 101: Setting up a property trust in Singapore

Are you considering purchasing a property for your child who does not have the legal capacity (i.e. below 21 years old) to own a property in his/ her own name? Are you having concerns about the succession of your assets? Or are you contemplating setting up a fund to care for kin with disabilities, but

Mid Year Update on Property Financing

Introduction Time flies. In just a short span of 6 months, there have been some significant announcements and events. The US Federal Reserve increased interest rate for the 4th time since 2008, and for the second time this year, from 1% to 1.25%, with more expected raises to come this year and next. At home here

U.S. Fed Keeps Interest Rates Unchanged

On Wednesday, the federal reserve kept their rates unchanged once again. The decision reflects their ongoing concerns surrounding a stall in US employment and inflation, the possible Britain’s Brexit and its potential impacts on the global markets. Even though US economic growth remains robust, Janet Yellen has highlighted that the UK referendum may pose unfavourable

Deposit-Pegged Mortgage Rates: An Overview

In recent years, there has been an increasing trend in banks coming up with their own deposit-pegged mortgage rates (DPMR). DBS was first in the DPMR playing field, introducing the 18-month Fixed-Deposit Home Rate (18M FHR) back in June 2014. About a year and a half later, at the end of 2015, OCBC presented the