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Homeownership is a dream for many individuals, and a rite for passage for us Singaporeans. It is also a significant investment that requires proper planning. A common question among prospective homebuyers is: "how much can I borrow for a home loan?" The answer to this question depends on two key factors. First, the maximum size of your mortgage is dependent...
On April 27, 2023, new cooling measures in Additional Buyers’ Stamp Duty (ABSD) were introduced, with double the taxation on foreigners buying their first and 2nd homes. April’s measures come on the back of an increase in Buyer’s Stamp Duty for high-end properties in February, and an affordability stress-test (and waiting periods for private home sellers) policy in September last...
From expressways to schools and everyday abbreviations, Singapore is known for its plethora of acronyms. So it’s probably no surprise that the real estate arena is full of it too - and unless you’re in the industry or familiar with the ins and outs of it, it can be a little too much to absorb and decipher all at once....
In a Reddit post today, it was pointed out that Singapore has the most affordable housing in Asian countries. That’s a pretty provocative statement, especially in 2022 when home buyers are complaining of sky-high prices on both private and public property. But do the statistics lie, or is Singapore in fact more affordable than we give it credit for? There...
Honest response now: how many of you immediately asked "If not rich how to buy property in my 20's" the moment you saw this headline? That's one of the things we're going to talk about below. The fact is, plenty of Joe-Average, middle-income Singaporeans do buy their first flat in their 20's; and some even start with a condo (usually...