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Back in June 2020, the US Federal Reserve (Fed) announced that Fed interest rates will drop to ‘near zero’ and maintain that level until at least the end of 2022. The main reason for holding Fed interest rates near zero (0-0.25%) is to stimulate the coronavirus-hit US economy, which is expected to shrink by 6.5%
Since April 2020, it was common of headlines featuring published data of home sales transactions increasing despite the ‘lockdown’ period where all physical viewings were not allowed. This trend was happening for both the private and public housing market. This was contrary to what many believed that an onset of a pandemic would cause poor
URA shocked the private property market with its recent news of halting the re-issuing of Option-to-Purchase (OTP). This comes amidst a weakened economy and rising unemployment rates due to the rippling effects of the COVID-19 pandemic. OTPs have commonly been used to indicate demand for housing and when left unregulated and re-issued liberally, this results
In April 2020, the Singapore government announced the start of the circuit breaker and made it mandatory for employees to adopt the ‘Work from Home’ (WFH) scheme, forcing everyone to work in a non-office environment. Never have we stayed indoors for so long that our homes have now become our offices, school and for some,
With most of the Singapore population living in HDB flats, it will be interesting to know the different types of flats around are not just your usual Build to Orders (BTOs). Additionally, if you are hunting for a roof over your head, these hidden gems could be possible alternatives. Here are 4 unique HDB housing
In 2013, the Housing Development Board (HDB) of Singapore introduced a new type of flat called 3-generation (3Gen) flats. These flats, though launched 7 years ago, still remain a mystery to some people. The aim of launching these flats is to cater to multi-generational families living together or intend to live together. Then National
Post Circuit-Breaker, Singapore was quick to reopen discussions for the Johor Bahru-Singapore cross-border Rapid Transit System (RTS), which will link Woodlands and Johor Bahru. Discussions regarding the RTS have faced multiple delays and postponements; however, the latest official ceremony which occurred on the 30th of July 2020 seemed to bear much fruit. There were several
As many of us move into our 5th month of working primarily from home, some of us may be wondering: is this the beginning of the end of the commercial real estate industry? This does not come as a surprise to many, with remote working and telecommuting now set as the default amidst the ongoing
Making headlines recently, a 4-room HDB flat in Tiong Bahru with a short 51-year lease remaining was sold for a whopping $1.1 million, jumping on a bandwagon of HDBs crossing the million-dollar price point. However, cases as such surface only once in a blue moon. More often than not, informed property buyers avoid purchasing properties
For many, property assets are often passed on as gifts from parent to child upon their death, expressly written and documented in the form of a will. The will serves as an official documentation and proof of entitlement to the property. However, some properties may fall between the cracks, and the benefits and rights to