Singapore Property News This Week #143

Residential A breather for homeowners who bought before last June 29 With immediate effect from Feb 10 this year, the Monetary Authority of Singapore (MAS) has announced that refinancing of loans for homes bought before June 29, 2013 will be exempted from the total debt servicing ratio (TDSR) cap of 60 percent. The cap means…

HDB New Flat Prices to Fall by 30%?

By Mr. Propwise In a recent parliamentary speech, Minister Khaw Boon Wan suggested that his Ministry is looking at ways to bring Build-To-Order (BTO) flat pricing in non-mature estates down to “four years of salary”, where it was before the current property bull market started more than six years ago, down from the current 5.5…

Does a 60 Years Leasehold Condominiums Make Sense?

By guest contributor AK When I was told that residential properties in Hong Kong generally come with a 50 years lease, I was amazed. Imagine that someone in his thirties bought a condo in Hong Kong and he lived to be 90 years old.  This effectively means that he could be kicked out of the…

How to save and invest for your first property downpayment

This is a guest post from Alvin, who is the author of BigFatPurse.com! Visit his site for more enriching investment ideas that may fatten your purse! The recent rise in the property market has added worry to those who has yet to own a home. To many people, especially the young families, will find it…

The Pros and Cons of Buying versus Renting

Home ownership is a big deal for Singaporeans. The most critical part of the 5 Cs in the Singapore Dream is the one that stands for Condo (the other four being Cash, Car, Credit Card and Career). Thus buying a home is often an emotional decision rather than a rational one, sometimes with financially distressing…