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…

The home owner’s guide to leveraging on CPF Housing Grants

Taking the first step in making a good decision on your first property purchase will give you a better overall real estate experience. While property prices have moved up over the years, Singaporeans who wish to purchase their first HDB property…

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 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 property taxes lowered for 2017

HDB flat owners, rejoice! According to the Inland Revenue Authority of Singapore (IRAS), your property tax next year will be lowered. Owners of all private property will either see a decrease as well, or no changes made to their taxes. Property…

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…