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National Day Rally 2023: HDB Flats – What has changed?

Prime Minister Lee has announced a change in classification of HDB flats at the 2023 National Day Rally held on 20 August. After PM Lee’s speech, this new form of categorisation has been widely discussed. The words ‘Prime’, ‘Plus’ and ‘Standard’ have been the main subject of discussion popping up amongst Singaporeans’ conversations this past

Assessing Property Locations: Districts and Regions in Singapore

Districts and Regions in Singapore Assessing property locations? Have you ever wondered how districts and regions in Singapore are divided? Though we are a small nation state, Singapore is divided into 28 districts and 5 regions. The 5 regions subdivided by the Urban Redevelopment Authority (“URA”) are: Central, East, North-East, North, and West. These regions

Everything You Need To Know About Property Inheritance In Singapore

Think you are going to receive an inherited property, only to be advised later that you cannot be the legal heir? Don’t worry, by the end of this article, you will know what you need about property inheritance in Singapore. When an individual passes away, the inheritance of his properties will depend on the type

Securing the Future for your child: Buying a Property in Trust

To combat rising inflation, there is an increasing group of investors looking at purchasing properties in trust for their children. It is evident that property prices have been accelerating over the years and many parents are considering securing a future home for their child. But what does it really mean to purchase a property in

Decoding the Guidelines for Buying Private Property in Singapore

Interested in buying a private property? Jump right in as we guide you through the As to Zs of buying property, as well as what to consider before purchasing. What is private property? There are 2 types of property in Singapore – public housing and private properties. Public housing constitutes HDBs. Private property refers to

Decoupling – What And How It Can Help You Buy A Second Property

Following the increase in Additional Buyer Stamp Duty (ABSD) April 2023, Singaporeans must pay 20% ABSD if they intend to purchase a second property. Hence, would you be interested to find out how you can still purchase a second property without incurring ABSD? With more than 10 years of experience under his belt, Alvin Lock

Optimize Home Loan Financing: Keep $20K in Your CPF Ordinary Account

Your Central Provident Fund (CPF) comes in handy when purchasing your new home but how much money should one tap on CPF? Should you deplete your CPF savings? What is a safe amount of money to be retained in CPF? Fret not, let us give you a better idea on home loan financing. When purchasing

Affordable Home Loans: Discovering the Best Options for Your Dream Home

Did you just purchase your first HDB flat? Buying a HDB flat is not cheap, and many of us would therefore take up an affordable home loan from either the bank or HDB.  However, as many of us know, the interest rates for bank loans have recently risen. So, which should I choose between a

Unveiling the Charm of Conservation Shophouses: A Timeless Investment Opportunity

I’m sure you have heard of the term ‘Conservation Shophouses’ before, but what exactly are they? In this article, we will introduce them to you, and perhaps, convince you about why it could be a great investment. What are Conservation Shophouses? According to URA, shophouses are a “historical source of delight and nostalgia”, as they

7 Secret Bank Policies Revealed

The considerations for loan approvals are often limited to the regulations / bank policies that you are already aware of, like fulfilling the debt servicing ratio. However, you may not always be able to borrow at your desired loan-to-value (LTV) ratio, putting a greater obstacle in the way of achieving your dream property. As prospective