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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.

MAS Announces Smaller Loan Amounts for Buyers Using Deferred Payment Scheme

According to the Monetary Authority of Singapore (MAS), buyers of private properties who are utilising deferred payment schemes will now receive smaller loan amounts. This affects various completed projects that are offered the deferred payment scheme, such as OUE Twin Peaks. Under this scheme, buyers can move into their new homes as soon as they have made a small down payment and exercised the option to purchase. While standard protocol for buyers of completed projects is to pay the full

Your Opinion Needed: iProperty Asia Property Market Sentiment Survey H2 2016

Between December 2015 and January 2016, the iProperty group conducted the Asia Property Market Sentiment Survey (APMSS) across various countries including Malaysia, Indonesia, Hong Kong and Singapore. Survey results were collated and subsequently published in the iProperty Asia Property Market Sentiment Report (H1) 2016 (APMSR). Some conclusions that were mentioned in the survey included the buyers’ expectations of predicted price declines as well as the consideration of investment in Iskandar properties. Earlier in June 2016, we had the privilege of

UOB Suspends Financing Services for London Properties

The United Overseas Bank (UOB) is the first bank in Singapore to announce its suspension of loans programme for properties in London, due to the instability of the current market. This decision comes as no surprise as the United Kingdom has been in a state of political and economic chaos since Brexit (23 June 2016), with the British pound at a 31-year low. The Singapore dollar has gained about 10% against the pound since the UK referendum. For the time

Redbrick Event: Property Quotient – A Real Look At Real Estate

On the morning of 11th June, the Redbrick Team organised its first ever real estate summit, Property Quotient – A Real Look At Real Estate! Held at the DBS Auditorium at Marina Bay Financial Centre, our guests started streaming in as early as 8.45am! Our registration team did a wonderful job of checking guests in seamlessly, at the same time issuing each attendee their goodie bag! Each item in the goodie bag was carefully curated by Redbrick’s event team and graciously

URA unable to approve new eateries until illegal parking issue is alleviated

Based on traffic and parking conditions evaluated by the Urban Redevelopment Authority (URA) and Land Transport Authority (LTA), a new ban has been placed on various sought-after dining locations with effect from 30 May 2016. This comes after repeated complaints and concerns raised by residents in nearby estates, as patrons are often found parking their cars illegally and in front of housing gates, many a time even blocking their driveways. Together with 18 existing locations such as the Joo Chiat

MCST – What They Do, Why You Should Care & How To Spot A Good One

The Management Corporation Strata Title (MCST), otherwise known as the managing body for your condominium, manages private properties in Singapore. For new condominiums, the property developer has to find a condo management company within two months of the Temporary Occupancy Permit (TOP). After the first Annual General Meeting (AGM), the management committee will form a management corporation (MC) through an election. Therefore, do not go after your developer should you have any issues with the maintenance of the condominium development;

The Magic Ruler

Lu Ban Ruler (魯班尺) The Lu Ban ruler is synonymous with Fengshui or geomancy, which is the Chinese art of living in harmony with nature by harnessing Qi (energy). It is practised by arranging buildings or other sites auspiciously. Who is Lu Ban? Lu Ban (魯班) was a legendary carpenter who lived in ancient China. Originally known Gongshu Yizhi or Gongshu Ban, he was more commonly known as Lu Ban. Lu Ban is so well known in Chinese history as

International Property Financing

Many local banks have introduced foreign property loans in view of the rising trend of Singaporeans looking outside the little red dot to invest. These investors are usually attracted to their chosen host country due to the less restrictive policies and lending guidelines imposed on foreign buyers as compared to getting a loan for a property in Singapore. Loan considerations aside, other motivations include the realising the dream of a retirement home, housing a child bound for a foreign university, or investing

Australian Property Financing

There has been an increasing trend of Singaporeans looking outside of Singapore to park their wealth in real estate – either as their dream retirement home, a place for their children who are university bound to stay in, or as an investment to potentially yield capital gains. The popular choices have been Australia, United Kingdom, Thailand, Japan and Malaysia. The strengthening of the SGD has helped drawn such investment monies into countries like Australia which recently peaked interest on overseas investments. As

Unlock The Value Of Your Property With Equity Loans

Congratulations! You have finally paid off your home loan. You can now come home to a property you own and even dig for extra cash in your pocket which would otherwise have gone to paying your home mortgage. What bliss! But did you know that, more than just owning a safe roof over your head, you can derive greater value from your private property and convert it to a real asset? Without being able to cash out on your private