Things to be aware of include freebies that might have to be returned and interest rates that won’t stay low for very long. (via channelnewsasia.com)
Singapore — Most of the time, our eyes are glazed over when the mortgage banker is talking. There are so many financial terms and so much blather that we just give up and ask, “Look, how much per month?” and willingly get slaughtered. Here’s what they’re not telling you, though.
By Joanne Poh (via moneysmart.sg)
Singapore — You don’t have to wait till you’re old and wizened to use the money in your CPF account. The first time you’ll find yourself using your CPF monies is usually to buy a home.
The money in your CPF OA can be put towards the purchase of any kind of home in Singapore, HDB or private, resale or under construction, so long as it’s not a cardboard box or tent.
But to use your CPF money to buy a home, you can’t just stand at some CPF ATM machine and wait for the cash to appear. You need to know when and how you can use this cash.
Here’s what you need to know.
by Sim Kang Heong (via dollarsandsense.sg)
Singapore — Starting from 10 May 2019, new rules regarding the use of CPF for purchasing residential properties and HDB loan limits will take effect – for both HDB flats and private properties. Here are the new rules are – and how they might affect you.
Singapore — Every year, a handful of would-be home owners make their decision to to lose (1) a lot of money, or (2) the house that they need.
That’s right, I’m talking about people who try to buy a house without an Approval in Principle (AIP). Sometimes due to a deficit of credit, but mostly due to a deficit of common sense. So if you’re about to go house hunting, don’t join their ranks and get yourself educated on this important agreement.
Singapore — Singaporeans get traditional when it comes to property. We want the land we pay for, and 99 years won’t cut it. We want our descendants holding on to it.
But freehold property is a monstrous cost; and are we being practical, or buying an overpriced security blanket? In this article, we examine how freehold property has conditional value. Depending on your situation, it may not be the best choice:
Singapore — It certainly bode well for Singapore when Finance Minister Heng Swee Keat announced the healthy surplus on the government’s balance sheet on Tuesday (Feb 19) – and along with it, the rolling out of the Bicentennial Bonus and the Merdeka Generation Package.
But how does the Singapore Budget 2019 impact Singapore’s property and home ownership? Here’s a quick look.
Singapore — Imagine, if you will, that it’s 8pm on a Wednesday evening.
You’ve returned home after a long day at work dealing with pretentious suits or rude customers. Exhausted, you fling your near-lifeless body into the welcoming arms of your bed.
It’s not all bad. At least the weekend’s coming, you think to yourself as a loud sigh escapes your body. But suddenly remembering your university mates’ half-baked plans to catch-up over lunch on Saturday, you text the group chat for suggestions on where to meet.
Amidst all their replies, one in particular stands out: “Just come to my area lah. East side, best side.”