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…

Singapore company in billion-dollar deal with consortium that includes Warburg Pincus

First it was Neptune Orient Lines, then SMRT. Now a third Singapore listed company, ARA, is soon to be bought out by an association of investors in another billion-dollar deal. These investors include Warburg Pincus LLC, a U.S. private equity…

Property Quotient: A Real Look At Real Estate, the second instalment

In June, The Redbrick Team hosted her very first real estate summit, the first of many to come. Without a doubt, its success was highly attributed to the strong support of fellow partners and clients, and this fuelled the team's enthusiasm…

11 tools every homeowner should have

One of the responsibilities that come with home ownership is the ability to improve and maintain your house. You might even be passionate about do-it-yourself projects after spending a day at IKEA. Depending on how proficient you are at…

Foreigners picking up more properties in Singapore

The co-owner of Hong Kong luxury jewellery business Temptations Jewellery recently purchased a duplex penthouse at Nassim Park Residences for S$21.2 million. Naina Buxani purchased a 6,878 sq ft penthouse, just two units away from another…

Luxury developments popular among Indonesian investors

The government’s firm decision on the Singapore property market cooling measures is no deterrent for a group of property investors – Indonesians. Between January and August this year, Indonesians snapped up 30 Singapore properties worth…

Raintree Gardens en bloc for $334.2m

Some 175 homeowners (and their families) will each stand to be $1.9 million richer today, in exchange for their homes.Built in the late 1980s, Raintree Gardens, a residential development at Potong Pasir has been sold to joint venture…

Collective sales in Singapore see surge in 2016

Collective sales in 2016 report almost double of sales in 2015 despite the decrease in land supply at the biannual sales programme. So far, there have been 2 en bloc deals transacted at a total value of S$671.25 million from residential…