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Since around 2008/9, bank home loans have been significantly cheaper than HDB Concessionary Loans. Homebuyers have been warned repeatedly that bank loans could one day be pricier than HDB loans again — but that concern has been diminished, after being repeated for more than a decade. This year, however, a surprisingly sharp interest rate hike, over a short period, has...
Ever since 2019, HDB upgraders have made up the bulk of private home buyers. A combination of rising demand, with record-high resale flat prices, has further made the past two years seem like an ideal time for those seeking condo ownership. However, an upgrade may not be as simple as "just sell and then buy". Here are some common financing...
Amidst all the announcements in last week's Budget 2022 speech, one caught our attention — there's going to be an increase in property tax rates. The good news? It's only going to affect properties with an annual value of over $30,000. The bad news? People in Singapore still don't know what their property annual value is! And since it is...
2021 saw a double-digit price growth of 12.5 per cent for HDB resale flats, as well as a record number of million-dollar flats sold within the first five months of the year. In the same year, we saw the most expensive HDB resale flat transaction at $1.36 million. With all these headlines, many of us can’t help but think that...
As a fitting end to a rollercoaster year, December 2021 ended with new private home sales down more than half (58 per cent) compared to the previous month. In some ways this was expected, with the implementation of new cooling measures – but with demand at a peak, will we continue to see more subdued sales? Opinions from realtors and...