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…

Singapore Property News This Week #120

Residential Developers trim prices for new private residential projects To adjust to the new market reality after the rollout of the Total Debt Servicing ratio (TDSR) in late June, developers have been trimming launch prices for new private residential projects . For example, the 445-unit Thomson Three condo in Bright Hill Drive developed by UOL…

Singapore Property News This Week #64

Residential Khaw cautions against buying beyond means Minister for National Development Khaw Boon Wan advises against buying homes against financial means and taking up loans with 50-year loan terms. He also noted that first-timers are more successful in their BTO applications for flats in non-mature estates and that second-timers can also rely on the government…