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Local Interest Rates at 12-month Low

With the strong Singapore dollar (SGD), local interest rates have been declining to a 12-month low. Both the three-month Singapore interbank offered rate (SIBOR) and three-month swap offer rate (SOR) are about 30 and 60 per cent lower respectively, with SIBOR at 0.87192 per cent on Tuesday and SOR at 0.75448 per cent on Monday.

MAS Announces Smaller Loan Amounts for Buyers Using Deferred Payment Scheme

According to the Monetary Authority of Singapore (MAS), buyers of private properties who are utilising deferred payment schemes will now receive smaller loan amounts. This affects various completed projects that are offered the deferred payment scheme, such as OUE Twin Peaks. Under this scheme, buyers can move into their new homes as soon as they

What You Need To Know About En-Bloc Sales In Singapore

Private property is a well sought-after commodity in land-scarce Singapore. Yet in some cases, the government and property developers can actually take over the land that your property sits on, compelling you to sell your house. Of course, the reality is often less grim with many owners of old developments suddenly becoming overnight millionaires after

Your Opinion Needed: iProperty Asia Property Market Sentiment Survey H2 2016

Between December 2015 and January 2016, the iProperty group conducted the Asia Property Market Sentiment Survey (APMSS) across various countries including Malaysia, Indonesia, Hong Kong and Singapore. Survey results were collated and subsequently published in the iProperty Asia Property Market Sentiment Report (H1) 2016 (APMSR). Some conclusions that were mentioned in the survey included the

Redbrick Event: Property Quotient – A Real Look At Real Estate

On the morning of 11th June, the Redbrick Team organised its first ever real estate summit, Property Quotient – A Real Look At Real Estate! Held at the DBS Auditorium at Marina Bay Financial Centre, our guests started streaming in as early as 8.45am! Our registration team did a wonderful job of checking guests in seamlessly,

U.S. Fed Keeps Interest Rates Unchanged

On Wednesday, the federal reserve kept their rates unchanged once again. The decision reflects their ongoing concerns surrounding a stall in US employment and inflation, the possible Britain’s Brexit and its potential impacts on the global markets. Even though US economic growth remains robust, Janet Yellen has highlighted that the UK referendum may pose unfavourable

URA unable to approve new eateries until illegal parking issue is alleviated

Based on traffic and parking conditions evaluated by the Urban Redevelopment Authority (URA) and Land Transport Authority (LTA), a new ban has been placed on various sought-after dining locations with effect from 30 May 2016. This comes after repeated complaints and concerns raised by residents in nearby estates, as patrons are often found parking their

Deposit-Pegged Mortgage Rates: An Overview

In recent years, there has been an increasing trend in banks coming up with their own deposit-pegged mortgage rates (DPMR). DBS was first in the DPMR playing field, introducing the 18-month Fixed-Deposit Home Rate (18M FHR) back in June 2014. About a year and a half later, at the end of 2015, OCBC presented the

MCST – What They Do, Why You Should Care & How To Spot A Good One

The Management Corporation Strata Title (MCST), otherwise known as the managing body for your condominium, manages private properties in Singapore. For new condominiums, the property developer has to find a condo management company within two months of the Temporary Occupancy Permit (TOP). After the first Annual General Meeting (AGM), the management committee will form a

Reading the Fine Print for Home Loans

These are the key criteria you have to take into consideration when choosing your home loan: Reference Rate This can be either a Fixed Rate, or floating rates pegged to Singapore Interbank Offer Rate (SIBOR), Swap Offer Rate (SOR) or banks’ internal Board Rates. Lock-in period Typically ranges between 1 to 3 years, but we