In this technological age, consumers are increasingly doing their research online before deciding on their purchase decision. While you can obviously compare across pricing for products, shopping for financial services can be a little more complex. When it comes to getting a loan for example, it’s not always about getting the cheapest rate; how much you can borrow, understanding the terms and conditions and avoiding the pitfalls are equally important.
Topics: home loan
An executive condominium (EC) makes a great property choice that bridge the gap between public housing and private condominium. ECs provide similar facilities that private condominiums offer - guarded security, swimming pools, clubhouses, playgrounds and other recreational facilities.
Topics: home loan
After waiting for years for Singapore’s property market to bottom out, property investors are starting to see some traces of a revival in 2017. A slew of enbloc sales, developers paying record sums for government land sales and an uptick in the private property price index recently seems to have whet investor appetite.
2017 has been a peak year for en-bloc sales in Singapore – as of November, some 20 residential projects have been sold through collective sales. While this most likely spell good news for those that went through a successful sale, having such record numbers of property transaction in the market will no doubt cause an impact on the local property market.
Most people set about searching for a mortgage loan by looking at the lowest interest rate available in the market. Or perhaps, they use the bank that they are familiar with. Since there are so many types of home loans available, banks are forced to innovate and come up with interesting products that can sometimes benefit consumers like yourself.
Topics: Home loan fixed deposit rates
After the crazy run-up of property prices in the years leading to 2013, the Monetary Authority of Singapore(MAS) finally stepped in with measures to “cool” the property market. One key measure that was introduced is the Total Debt Servicing Ratio(TDSR).
In the last 4 to 5 years, interest rates for mortgage loans have kept to under 2% mostly, thanks to the quantitative easing measures in the United States. But since 2016 and the incremental increase in rates, Singapore homeowners have been watching their mortgage loan rates.