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.

Conversations with: Qanvast

If you purchased a new property recently, you’d know that the renovation process can be distressing. Horror stories from others’ past renovation experiences may intimidate you; however, you know that you can’t move in without getting some basic work done, and so you proceed with caution. What if today, you were told that you’d be able to sign off on a renovation package with up to $50,000 of your renovation deposits protected? This is the assurance given to homeowners who engage

Budget 2018: Increase in Buyer’s Stamp Duty

BREAKING: With effect from 20 Feb 2018, Buyer’s Stamp Duty on residential properties more than $1 million will be increased from 3% to 4%. The BSD rate today ranges from 1% to 3%, and the new rate of 4% will be applicable to the portion of the property which exceeds $1million. Rates are as follows: Remissions Remissions are granted to purchased residential properties that have been granted an Option to Purchase (OTP) on or before 19 Feb 2018, and exercised

Conversations with: Kazumasa Tomita, CEO & Founder, ZUU Online

As a student, Kazumasa Tomita never ever envisioned himself working in the finance industry, much less pursuing it as his lifelong career. Perhaps, he simply did not have the time to think about it. While pursuing a degree in Economics, he was made the Captain of the university’s soccer club. In his free time, Kazumasa even set up IN2, an advertising agency that connected students with relevant design and marketing experience with companies who needed marketing work. In fact, Kazumasa’s

5 Singapore condominiums with stunning swimming pools as beautiful as your favourite resorts

As with all products, condominiums too – especially upmarket, rather than mass-market ones – require innovative or additional features to differentiate themselves and stand out from neighbouring developments in the face of stiff competition. Keeping in mind the lifestyle of target homebuyers, developers often strive to build a residential project with strong value offerings and develop a unique selling proposition. In general, Singapore condominiums consist of a swimming pool, gymnasium, function rooms, car parks, tennis courts, BBQ areas, clubhouse, concierge

Quick Guide: First-time home buyers of BTO HDB flats

Are you interested in buying a BTO flat, but not sure how to go about doing it? Is this your first time attempting to apply for it? Fret not! We have summarized and created a quick guide for you; ranging from a step-by-step of the procedure for you, as well as the available schemes. Background of BTO system Firstly, we will provide a little bit of background on what the BTO system is about. The Built-To-Order (BTO) system was introduced

3 questions to ask before buying your second residential property

Nearly 30% of Singaporeans own more than one residential property, according to the Singapore Business Review. Yes, you can quote me to your hesitant spouse. While owning a second property is not uncommon, the questions “is it really necessary?” or “what are the procedures?” still looms overhead. As much as we want to say, ‘just do it’ (and do get it done with me), there are 3 questions you should ask yourself before sinking your teeth into looking for the

What is the Lease Buyback Scheme and how can you benefit from it?

The Lease Buyback Scheme (LBS) is a way that the elderly can monetise their flats if they are living in a 4-room or smaller flat. Through this, the immovable asset will liquidate into a stream of income during retirement years and allow them to continue living in it. In addition, HDB will also provide a bonus of $10,000 to $20,000 depending on CPF top-up. Thus, a part of the lease on the flat is sold to HDB and owners can

A guide to DBS home loan interest rates in Singapore

Banks in Singapore are known to provide very attractive interest rates packages. How does DBS compare when it comes to home loans? Here’s a list of features that are unique or beneficial to customers when it comes to applying for a home loan with DBS: Current DBS home loan package interest rates Loan Package Board FHR8 Fixed Fixed Board Fixed 3-mth SIBOR Rate Type Floating Floating Fixed Fixed Floating Fixed Floating Lock-in Period 2 Years 2 Years 2 Years 1

What is the real estate market cycle? Is now the best time to buy residential properties in Singapore?

FORECASTING AND PREDICTING We all know that the development and construction of a building takes years, and this results in a lagged relationship between demand and supply for properties. As early as 1876, an American political economist and journalist named Henry George observed this dynamic — which caused a cycle with recurring phases of booms and busts. Understanding and analyzing of the real estate/ property cycle is therefore essential and will be beneficial, in order to enhance investment-decision capabilities and

Your guide to Seller’s Stamp Duty in Singapore

Taxes have always been something that everyone in the world has to deal with. In Singapore, taxes are unavoidable in various aspects, and there are specific ones for the transactions of properties as well. One major and common tax is the Seller’s Stamp Duty (SSD), and due to its prominence, we will provide a coverage of what it entails in this article. However, firstly, it is essential to to be clear about the definition of ‘stamp duty’ – a term