Singapore Property News This Week #54

Residential Latest CBS figures reflects effective cooling measures 58.3% of the 15,410 Singaporeans/PRs granted private home mortgages (including refinancing cases) in Q1 2012 did not have any outstanding home loans either for a HDB flat or private residential property, compared to the 56.4% and 53% for the whole of 2011 and 2010 respectively. This may…

Singapore Property News This Week #50

Residential ABSD reimbursing may be a cause for concern To prevent the ABSD from affecting sales, developers have been offering discounts, rebates and even reimbursing the ABSD. This may potentially distort property and loan values and obscure transparency in the market especially since these discounts are given only after the transaction, meaning that the prices…

Singapore Property Market Outlook for 2012 and 2013

By Dennis Ng (guest contributor) In 2011, buyers from China are the biggest group of foreign property buyers in Singapore. But if you are counting on foreigners to continue buying properties in Singapore in 2012 and 2013, I am afraid to say that you may be disappointed. The following factors are worthy of our consideration when…

Is it a Good Time to Borrow Money Now?

With interest rates in Singapore close to their all-time lows, it may feel like a good time to go out and borrow money. Certainly the buoyant housing market can be at least partially attributed to low mortgage rates which increase the affordability of a property purchase. In this article we’ll take a look at where…