The Redbrick Team

The Redbrick Team

Redbrick Mortgage Advisory is an independent advisory working with all 16 banks and financial institutions in Singapore. We have achieved an excellent track record of financing more than 40,000 properties and over SGD$5 billion in annual mortgages.

Raintree Gardens en bloc for $334.2m

Some 175 homeowners (and their families) will each stand to be $1.9 million richer today, in exchange for their homes. Built in the late 1980s, Raintree Gardens, a residential development at Potong Pasir has been sold to joint venture company UVD (Projects) that is made up of UOL Group and United Industrial Corporation (UIC). This collective sale brings the total of all en bloc sales in 2016 to $1 billion. Earlier last month, a public tender was launched at $315

Collective sales in Singapore see surge in 2016

Collective sales in 2016 report almost double of sales in 2015 despite the decrease in land supply at the biannual sales programme. So far, there have been 2 en bloc deals transacted at a total value of S$671.25 million from residential estates Shunfu Ville and Harbour View Gardens. Compared to last year, the only transaction worth S$380 million came from Thong Sia Building. A decrease in land supply under the Government Land Sales (GLS) programme led to stiffer competition for

No changes made by Fed to interest rate, although an end-of-year hike is likely

On Wednesday, 21 September 2016, the U.S. Federal Reserve made no changes to the interest rates, but implied that an increase is likely to happen at the end of the year. This hold is for the sixth consecutive time, and the focus is currently shifted to December, where it will be the Fed’s last chance for interest rate growth in 2016. Policy makers are predicting two rate hikes in 2017, a decrease from the expected three since June this year.

Property Quotient Goodie Bag Giveaway!

Did you notice? In our last Property Quotient event, our attendees were each issued a Redbrick goodie bag upon check in. Each goodie bag contained a set of carefully curated items that our guests loved, including Redbrick’s very own magic ruler. In case you were wondering, here’s what you can find in our goodie bag! 1) Redbrick Folder The Redbrick folder came with our event agenda for Property Quotient, as well as an opening letter by our director, Eugene Huang. At the same

Cold Storage supermarket could potentially lose its lease in Holland Village

Residents who frequent the Cold Storage supermarket at Holland Road Shopping Centre may soon have to find other supermarkets to do their grocery shopping. This comes after an announcement that the 12,260 sq ft strata area has just been purchased by Loi Keong Kuong and his family, at about S$61 million. It estimates about $4,976 psf and the space, on the ground floor of the freehold mall, is currently leased to Cold Storage that will expire in 2020. Mr Loi

Conversations with Real Estate Personalities: Michael Chaille

A game changer to the real estate industry, POPETY promises users “transparency and efficiency to the property market in Singapore”. With 2 different mobile applications to serve both consumers and agents, the team behind POPETY believes that Singapore is ready to transit out of traditional methods of transacting properties to tapping on available technology and using it to our advantage. Apart from digitizing the entire process to make it easier for property owners to track their portfolios, POPETY empowers users

MAS Makes Adjustments to TDSR Rules

In an announcement made by the Monetary Authority of Singapore (MAS) on Thursday, 1 September 2016, homeowners now have more flexibility with regard to the Total Debt Servicing Ratio (TDSR) scheme, allowing them to refinance existing home loans. This initiative will allow homeowners to capitalize on the low interest rates that financial institutions are currently offering, forgoing the 60% TDSR limit. While the exemption was previously only allowed to owners of properties bought before the inauguration of TDSR in June

MyProperty: SLA’s Latest Online Service for Property Owners

On Wednesday, 31 August 2016, the Singapore Land Authority (SLA) launched MyProperty. MyProperty is an online portal that gives property owners access to their title deeds and boundary plans without charge. Prior to MyProperty, anyone who wants access to a property title’s information has to acquire it through SLA’s Integrated Land Information Service (INLIS) subject to fees payable, ranging from S$5.25 to S$16, based on the type of information needed. This applies even to property owners who are checking on

Local Interest Rates at 12-month Low

With the strong Singapore dollar (SGD), local interest rates have been declining to a 12-month low. Both the three-month Singapore interbank offered rate (SIBOR) and three-month swap offer rate (SOR) are about 30 and 60 per cent lower respectively, with SIBOR at 0.87192 per cent on Tuesday and SOR at 0.75448 per cent on Monday. These rates have declined steeply from SIBOR’s 1.254 per cent and SOR’s 1.76235 per cent in January this year. As for the one-month SIBOR rate,

Conversations with Real Estate Personalities: Tan Wee Kwang

We’ve heard the horror stories. If the names Fernvale Link, the Trivelis, or The Sea View ring a bell, then you would know what they all have in common: multiple defects found within each development.  (No) thanks to social media and traditional news channels. I’m sure we can all agree, that the last thing we want is to be one of the victims of these headlines. While it is unfortunate that we cannot change the past, we can make a