Changes made to SSD & TDSR framework with effect from 11 March 2017

In the latest announcement jointly made by the Ministry of Finance (MOF), Ministry of National Development (MND) and Monetary Authority of Singapore (MAS), the Government has made adjustments with regard to the Seller’s Stamp Duty (SSD) and…

The Ultimate Guide to Refinancing your home loan in Singapore

Among the 1000 things you need to do today, you wake up thinking about your refinancing.To the uninitiated, you may ask, what is refinancing of home loan and why do it ? Simple. The beautiful loan rate you got hitched to 3 years ago…

Living in a Condo vs landed property in Singapore

Condo vs landed property Singapore Singapore is a wonderful place to live and work in. People from all over the world flock here to enjoy this busy and beautiful land of opportunities. And of course, everyone has to live somewhere.There…

The 7 Myths of Home Financing that prevents Singapore home owners from being richer

 You probably have some sort of reviews on your finances every so often. Of the numerous items that we look at, one of those closest to our hearts, and may often always be at the back of my minds as well, is our home sweet home,…

US Fed secures interest rate hike

After months of speculation, the US Federal Reserve has finally raised its benchmark interest rate by 0.25%, a collective vote which saw the key rate increase from 0.5% to 0.75%.While this hike was considered a conservative one, rates might…

HDB loan vs Bank loan : Comparison of similarities & differences

Real estate purchase is easily one of the biggest financial commitments we will undertake in our lifetime. We spend the next 20-30 years contributing a portion of our salary to the repayment of the amount.The good news is that you have…

SIBOR and SOR see increase after months of stagnancy

With Trump as President-Elect, there is a likelihood that his administration could encourage spending to fuel inflation, and an 80% chance that interest rates will hike in December.Closer to home, Singapore’s domestic interest rates…

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…

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…

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…