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More first-loan cases in Singapore
If latest figures from Credit Bureau Singapore (CBS) are anything to go by, the property cooling measures may indeed be taking effect. According to data, 58.3 percent of the 15,410 Singaporeans /...
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The Trouble with Shoebox Homes
UPDATE: CIMB has clarified that they are still offering financing for shoebox units. Source: Propwise MAY 30, 2012 According to PropertyGuru, at least one bank in Singapore is declining all loan...
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Singapore’s mortgage rates are lowest in Asia
Home buyers in Singapore are taking advantage of mortgage rates that are at an all-time low despite record-high housing prices, said a Bloomberg report. For instance, Shivram Anantharaman, a private...
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S’pore millionaires have no problems getting home loans
The Internet has been buzzing lately with news that Facebook founder Mark Zuckerberg acquired a loan to refinance his US home, with many wondering why a billionaire such as himself would take out a...
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Homebuyers likely to opt for shorter term mortgage
Homebuyers in Singapore will likely opt for mortgage loans with shorter repayment periods. That’s despite the availability of new home loans that offer up to 50-year tenors. Experts said more are...
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UOB unveils 50-year mortgage
With increased demand seen for longer loan packages in Singapore, United Overseas Bank (UOB) recently launched a 50-year mortgage that is applicable for HDB flats and private homes. However, the age...
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New home loan rules may cause 15% fall in demand
Property analysts said the new property loan curbs could cause housing demand to drop by up to 15 per cent over the next few months. On Friday evening, Singapore’s central bank introduced a Total Debt...
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New home loan rules expected to be “quite permanent”: Khaw
National Development Minister Khaw Boon Wan said the recent tightening of property loan rules granted by financial institutions is a structural measure to ensure a more stable property market, and is...
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New home loan rules a “structural measure”: Khaw
National Development Minister Khaw Boon Wan said the recent tightening of property loan rules granted by financial institutions is a structural measure to ensure a more stable property market, and is...
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Tender for Tampines site pushed back
The closing date for a residential site tender at Tampines Avenue 10 (Parcel B) has been pushed back to 16 July from 2 July, according to the Urban Development Authority (URA). This is in light of the...
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MAS ruling spooks some overseas investors
Last Friday’s announcement by the Monetary Authority of Singapore (MAS) to cap the amount of income that Singaporeans can use to finance a property purchase is already having an impact in property...
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Loan rules aimed at those who over-stretch to invest
Citing the unsustainable low interest rate environment, National Development Minister Khaw Boon Wan yesterday singled out Singaporeans “who are stretching themselves buying second, third properties for...
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New measures won’t be expanded to non-property loans
The 60 percent cap on the Total Debt Servicing Ratio (TDSR) will not be expanded to include non-property loans anytime soon, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, who...
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Singapore’s mounting household debt ‘worrying’
Singapore’s high property prices and increasing household debt pose a significant risk to its financial system, according to the Monetary Authority of Singapore (MAS). “The combination of low interest...
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New lending rules will lead to cautious developer bidding
The Monetary Authority of Singapore’s (MAS) latest move to encourage prudence in the home loans market will likely affect not just borrowers but also developers, according to Savills. Even before the...
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Rise in unsold housing units on city fringe
THE property market’s woes have spread from the luxury sector to more modestly priced homes on the city fringe as new loan curbs keep buyers in check. Unsold units are piling up in areas such as Bukit...
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More high-end homeowners default payments
The number of houses placed on the auction block by banks has increased by nearly five-fold as borrowers struggle to sell their luxury units amid the falling prices and the government’s tough cooling...
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Property Refinancing 101
Contrary to what most people believe, refinancing your property does not always guarantee more savings. In fact, you could end up spending more with all those upfront administration and legal costs...
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Financing a New Home
Purchasing a new home can be very costly. Fortunately for us, we can turn to the bank for a mortgage loan to help us out. Mortgage loans allow us to pay for a home in installments. After you apply for...
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SIBOR down 20% from year high
Singapore’s 3-month SIBOR rate plunged almost 20 percent at its latest rate fixing on Tuesday from a high of 1.027 percent recorded on 9 April 2015, revealed media reports. SIBOR, which is the rate...
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