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.

At the end of the road: What happens to your 99-year leasehold HDB?

Singapore has claimed the title as one of the world’s best model of public housing provision. As of 2019, a whopping 80% of Singapore’s total population resides in public homes, including those living under rental schemes. One of the main considerations you would ask when purchasing a home might be “How long more can I live here?”. This refers to the tenure of the remaining lease, which is often a major factor in the valuation of a prospective dream home.

The Redbrick Team May 15, 2020

4 Signs Your Home Can Make You Money

We have all heard of “Million-Dollar HDBs” springing up all across Singapore in the resale market for housing. For those who are unaware, these widely sought after HDBs have been sold at record-breaking prices over the $1 million price tag. Examples of these exorbitantly expensive public homes include a 5-room unit in Clementi Avenue 3, nestled right above Clementi Mall and a 4-room unit at the famous Pinnacle@Duxton smacked right in the middle the Central Business District (Tanjong Pagar). The

The Redbrick Team March 12, 2020

Here’s why you should start diversifying your portfolio

Diversification is the process of spreading your investments around to more than one type of assets. Essentially, it is to “place your eggs into different baskets”. This practice has one important role in your investment strategy: to reduce risk. We all know it is a good thing to have, but how do we diversify our portfolio? Let’s look at the different ways of diversification. Asset class diversification Different assets (stocks, bonds, real estate, cash) behave differently when the market shifts.

The Redbrick Team January 17, 2020

Is my property an asset or a liability?

“The poor and the middle-class work for money. The rich have money work for them.” – Robert T. Kiyosaki, Rich Dad, Poor Dad Robert T. Kiyosaki, in his book Rich Dad, Poor Dad, emphasized the importance of owning more assets than liabilities, if one should truly aspire for financial independence (or getting out of the “Rat Race”, as Kiyosaki likes to say). In Rich Dad, Poor Dad, property (or more specifically, a housing mortgage) is classified as a liability for the

The Redbrick Team November 8, 2019

How does the trade war affect interest rates?

If you have been following current affairs closely, you would be familiar with the US-China trade war. For those of you that are less familiar with the topic, fret not, all you need to know is how this trade war will affect you. According to reports, Singapore is likely to be affected the most amongst all the South East Asia countries as we are extremely reliant on trade for our economy to thrive. However, with all the trade tariffs being

The Redbrick Team September 30, 2019

Reduction in mortgage interest rates in anticipation of Fed Rate cut

In speculation of the rate cuts by the US Federal Reserve, Singapore banks have started to make adjustments by lowering their home loan rates. The banks have already reduced their fixed rates today in the market, so the spread between a fixed interest rate and a floating interest rate is as narrow as 10 to 15 basis points. Thus, the reduction of the interest rate is evident and there might also be a further reduction in the future, but this

The Redbrick Team June 28, 2019

Updated Policy On The Use of CPF and HDB Loans

The government rolled out new rules regarding the use of the Central Provident Fund (CPF) and housing loan with effect from 10th May 2019. This provides property buyers with greater flexibility, without compromising the duration of their lease and their retirement funds. It is a pivotal shift from just focusing on the remaining lease, to whether a property can last a homeowner for life. Some speculated that with these new rules being put in place, it will spark the demand

The Redbrick Team June 14, 2019

The 5C’s of Housing that All Singaporeans Should Know

Growing up, we’ve all heard about the five Cs. Singaporeans are obsessed with getting cash, car, credit card, condominium and country club membership. But are we familiar with the five Cs of Housing? 1. Capital Buying a house requires money. And depending on the type of house you choose, that amount varies. If you are leaning towards getting a BTO, remember that while there are a number of grants and loans available, you will have to fork out a minimum

The Redbrick Team May 17, 2019

Cash Over Valuation – Does it still affect you?

Are you looking to sell your HDB flat in the resale market? You may be preparing to welcome a new member to your family, or may have finally saved enough to upgrade to that dream home you always wanted. On the other hand, you may have spotted your ideal flat in the resale market, and am excited to make an offer for the flat. Before you jump the gun however, there are some features of the Singapore’s resale market we

The Redbrick Team November 2, 2018

2018 Q3 Review: Aftermath of the new property cooling measures – What’s next?

Earlier in July, the heavy hand of the government came down upon the unsuspecting property market. A new set of property cooling measures were announced and was slated to come into effect the next day. This triggered a buying frenzy that very night, as homebuyers rushed to obtain an Option to Purchase (OTP) before the new measures take kick-in. It has now been a little more than 3 months since this happened, and the question on everyone’s mind is: how

The Redbrick Team October 19, 2018