Page 6 - Executive Condominiums News Today

June 09, 2021 Stackedhomes You’ve got your income documents, your bank statements, your valuation…and then the email comes saying your loan application is rejected. The TDSR and MSR can be shockers, especially to home buyers who purchased their property long before these rules. While it’s generally best to keep within the parameters of these servicing ratios, however, there are steps you can take if you’re going past them: How do the TDSR and MSR affect your home loans? The Total Debt S...

Yishun Besides the above, note that you are subject to the usual restrictions of HDB flats that apply to everyone. This includes an income ceiling of $14,000 per month, the five-year Minimum Occupation Period (MOP), and not owning any other property locally or overseas.  However, there are no restrictions on flat size or location, if you buy a resale flat. Also, keep in mind that there’s no income ceiling for resale flats. Available grants when buying with a foreign spouse You can get two gr...

Singapore’s property market is on fire right now, despite the Covid-19 situation. Every day we hear more whispers about impending cooling measures, which in turn drives higher sale volumes. It’s hard for a bargain hunter to catch a break right now; so for homeowners who urgently need a place, here’s a list to help. We’ve compiled the top 10 cheapest...

While the term “asset progression” is used loosely these days, one thing should be clear: there’s a huge difference between planning to sell and upgrade (e.g., moving from a flat to a condo), versus actually wanting to own multiple properties. Wanting to own a second home is a bigger aspiration, that will require deeper pockets and more in-depth planning. In...

Legacy planning 1. The value of more space A regular HDB flat, even a 5-room unit, won’t reach up to 1,540 sq. ft. So if you really need that much space, your only other alternative is to look in Singapore’s private property market. As of January 2021, the average price of a private, resale non-landed property is $1,341 psf: Going by this amount, a 1,540 sq.ft. condo unit would cost about $2.06 million. A condo unit that matches the larger maisonettes, such as the 2,067 sq.ft. units in Quee...

February 17, 2021 Stackedhomes At this point, the prediction of new cooling measures may have become a self-fulfilling prophecy. New condo sales surged month-on-month, between December 2020 and January of this year; and while the reasons are varied, one of them may ironically be the fear of new cooling measures. Here’s what you need to know about the new launch numbers, which could result in serious policy changes ahead: What happened to new launch condo purchases in January 2021? According t...

December 30, 2020 Stackedhomes So you’ve owned a home, or perhaps even a second property, for quite some time. In the eyes of many, this leaves you set for life; but you probably know the truth by now: it’s not as simple as sitting back and letting the money roll in. Every year, Singapore’s dynamic property market changes. Back in the 1990’s, your rent could have more than paid your mortgage. In the early 2000’s, practically every HDB flat was a golden ticket to condo ownership in fiv...