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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 Servicing Ratio (TDSR) applies to private properties and Executive Condominiums (ECs). Under the TDSR...

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 grants when buying under the NCS scheme: the Enhanced Housing Grant (EHG) for singles, and the Singles...

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 Queenstown, would cost over $2.77 million. In this context, you can see why some buyers would willingly ...