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You probably have some sort of reviews on your finances every so often. Of the numerous items that we look at, one of those closest to our hearts, and may often always be at the back of my minds as well, is our home sweet home, and the “dreadful” loan that is attached to
After months of speculation, the US Federal Reserve has finally raised its benchmark interest rate by 0.25%, a collective vote which saw the key rate increase from 0.5% to 0.75%. While this hike was considered a conservative one, rates might continue to rise at a faster pace in the coming year, due to the new
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 owners will receive their tax bills by the end of 2016, and payment has
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 the choice of getting a HDB or bank home loan in Singapore when
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 saw an increase on Tuesday (15 Nov), on both the three-month Singapore Interbank Offered Rate (SIBOR) and the three-moth Swap
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 firm, as well as the founder of ARA Asset Management Ltd. The offer made to buy
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 to put together the second instalment ahead of its original timeline. Apart from a
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 putting together pieces of wood, it may take as fast as a couple of hours or
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 penthouse that was purchased last year by her husband, Mahesh. Each penthouse unit consists of four bedrooms, a family
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 at least S$5 million, a clear indication of their preference for luxury housing. Some may argue that the cause of