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On Wednesday, 21 September 2016, the U.S. Federal Reserve made no changes to the interest rates, but implied that an increase is likely to happen at the end of the year. This hold is for the sixth consecutive time, and the focus is currently shifted to December, where it will be the Fed’s last chance
Did you notice? In our last Property Quotient event, our attendees were each issued a Redbrick goodie bag upon check in. Each goodie bag contained a set of carefully curated items that our guests loved, including Redbrick’s very own magic ruler. In case you were wondering, here’s what you can find in our goodie bag! 1) Redbrick Folder
Residents who frequent the Cold Storage supermarket at Holland Road Shopping Centre may soon have to find other supermarkets to do their grocery shopping. This comes after an announcement that the 12,260 sq ft strata area has just been purchased by Loi Keong Kuong and his family, at about S$61 million. It estimates about $4,976
A game changer to the real estate industry, POPETY promises users “transparency and efficiency to the property market in Singapore”. With 2 different mobile applications to serve both consumers and agents, the team behind POPETY believes that Singapore is ready to transit out of traditional methods of transacting properties to tapping on available technology and
In an announcement made by the Monetary Authority of Singapore (MAS) on Thursday, 1 September 2016, homeowners now have more flexibility with regard to the Total Debt Servicing Ratio (TDSR) scheme, allowing them to refinance existing home loans. This initiative will allow homeowners to capitalize on the low interest rates that financial institutions are currently
On Wednesday, 31 August 2016, the Singapore Land Authority (SLA) launched MyProperty. MyProperty is an online portal that gives property owners access to their title deeds and boundary plans without charge. Prior to MyProperty, anyone who wants access to a property title’s information has to acquire it through SLA’s Integrated Land Information Service (INLIS) subject
Meet Yuet Whey Siah, the under 30 femalepreneur behind property portal DREA, which stands for Digital Real Estate Assistant. As a former investment banker, she first conceived the idea of DREA when she was in the shoes of a consumer – when she was looking to buy her first home in Singapore. Despite the already
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.
We’ve heard the horror stories. If the names Fernvale Link, the Trivelis, or The Sea View ring a bell, then you would know what they all have in common: multiple defects found within each development. (No) thanks to social media and traditional news channels. I’m sure we can all agree, that the last thing we
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