Clive Chng

Clive graduated on the Dean’s list from Nanyang Technological University with an Engineering degree. Prior to joining Redbrick, he not only served as a Project Manager for Keppel Shipyard where he oversaw multi-million dollar marine projects, but was also the Vice President for Keppel Young Leaders, focused on the development of future leaders. Being a fan of low-cost Index Funds, his passion in Investing and strong interest in understanding how financial markets shape economies ultimately fuelled his move from the field of engineering into the financial industry where his personality trait as a servant leader further allows him to service his clients effectively.

How is TDSR calculated in Singapore?

Singapore’s property market is highly regulated, and borrowers must adhere to strict financial requirements in order to maintain responsible borrowing practices. One essential aspect of assessing affordability in the HDB or Private property market is the Total Debt Servicing Ratio (TDSR). The TDSR serves as a crucial framework implemented by the Monetary Authority of Singapore (MAS) in 2013. TDSR in Singapore serves to safeguard borrowers and promote sustainable lending practices. This article will help you understand how the calculation of

Clive Chng March 26, 2025

Prime Location Public Housing (PLH) Explained: What Every Homebuyer Should Know

To ensure public housing in prime areas remains accessible and affordable, the Singapore government introduced the Prime Location Public Housing (PLH) model to curb speculative buying. By implementing a series of measures, the PLH model seeks to balance housing market demands with social equity. In this article, we will explore the key measures introduced under the PLH model and how they may affect you and your future home purchases. What is Prime Location Public Housing? The Prime Location Public Housing

Clive Chng August 21, 2024

Auction Bidding – Tips and Tricks

Everyone knows about the 2 main ways to purchase a home – buying directly from a developer or the resale market. But did you know there’s another way? Unbeknownst to many, auction bidding is another great way to purchase your house! Auction bidding is a great way to snag deals, especially if present owners are urgently selling their homes. You might be able to receive a significant discount compared to if you directly purchased from the developer or resale market!

Clive Chng July 3, 2024

Budget 2024: How will changes to property tax impact homeowners?

The recent Budget 2024 announcement made on 16 February 2024 made headlines for the many announcements and changes made to the current schemes. Property was one of the main aspects mentioned in DPM Lawrence Wong’s speech. So, how will the recent changes affect you? In this article, we will delve deeper into the impacts of the changes on you, as homeowners. What is the aim of Budget 2024? If you didn’t know, the Singapore Budget is announced every financial year

Clive Chng March 6, 2024

Navigating the Singapore Property Market (2024)

Singapore’s property market is a dynamic and evolving landscape, a hub of opportunities for both homebuyers and investors. As we enter 2024, understanding these changes become crucial. This post aims to guide you through the key trends, opportunities, and considerations in the Singapore property market this year. Current Trends and Predictions for 2024 The private residential market in Singapore is a beacon of stability in the dynamic world of real estate. In 2024, we’re witnessing a unique blend of steady

Clive Chng January 17, 2024

Your Guide to Buying a Home in Singapore: Easy Steps to Get Started

Are you dreaming of buying a home in Singapore? The first step is understanding the all-important down payment. We’ll break it down into simple terms and guide you through the process. What’s a Down Payment? When you’re buying a home in Singapore, the down payment is like your first financial commitment to the property. It shows that you’re ready for the responsibilities of homeownership. The more you can pay upfront, the less you’ll need to borrow, which means lower monthly

Clive Chng November 22, 2023

How Does My Credit Score Affect My Home Loan?

In recent years, lower interest rates have lured many optimistic investors to take on debt in order to invest and potentially earn higher returns. While this ‘sure-win’ technique many investments gurus swear by has created success, it has also resulted in some individuals losing their homes due to loan repayment struggles. Most of us are familiar with the term “credit score” in relation to credit card applications, but does it also play a role in obtaining a mortgage loan? What

Clive Chng March 1, 2023

The Best Mortgage Calculator in Singapore

The purchase of a home is a significant adult milestone. Purchasing a house is a large-ticket item and its imperative that plan your finances well. This is to ensure that you are purchasing within your budget so that your financial commitments are sustainable and flexible to meet with your changing needs. Most home buyers will take on a home loan to fund their property. Besides loan eligibility and cash / CPF down payments required, it is also important to consider

Clive Chng February 22, 2023

Property Cooling Measures – Tighter Loan Quantum And 15-Month Wait Out Period

If you are thinking of downgrading from your condominium to a HDB, think again. New property cooling measures including tighter stress test for home loans and a wait-out period of 15 months were rolled out recently. The rise in interest rates amid optimistic buyer sentiment has raised concerns about the sustainability in mortgage debt burdens, and has prompted government intervention in the form of new property cooling measures to curb high transaction prices and prevent overinflation in the property market.

Clive Chng October 3, 2022

Shoebox Apartments: Is it Worth the Investment?

Shoebox apartments, also known as ‘compact units’ are typically defined as an apartment of 500 square feet or less and designed for a single occupant. By 2018, there were already around 28,000 shoebox units in Singapore, making up 8.7 percent of non-landed private housing units. Since then, there has been a surge in shoebox developments and only slowing down in 2020 due to the pandemic. For old-school property investors, the appeal of owning a shoebox unit may be incomprehensible. Too

Clive Chng July 20, 2022