Mid Year Update on Property Financing

Introduction Time flies. In just a short span of 6 months, there have been some significant announcements and events. The US Federal Reserve increased interest rate for the 4th time since 2008, and for the second time this year, from 1% to…

11 Factors to Consider Before Buying an Executive Condo in Singapore

According to data from the Urban Redevelopment Authority (URA), the number of Executive Condominium units sold by developers went up from 492 in March 2016, to 572 in March 2017, indicating a 16.2% increase. The demand for private housing, especially…

All you need to know about TDSR

How did TDSR come about in Singapore ? Imagine sitting on a table in a casino and there is a probability of more than a 50% chance of earning almost double of your bet. Wouldn’t it be a good bet? In the long run, chances are you will make…

US Federal Reserve increases interest rate, first time in 2017

Interest rate goes up as predicted On Wednesday, 15 March 2017, the US Federal Reserve increased its benchmark interest rate by 0.25%. The Federal Open Market Committee (FOMC) was one vote short of a unanimous vote at 9-1, with Neel Kashkari,…

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…