By Joanne Poh (via moneysmart.sg)
Singapore — 80 per cent of Singaporeans live in HDB flats, and many of us grew up playing with the stray cats in the void deck and trying to imagine the lives of the people in the blocks opposite.
HDB living is part and parcel of life in Singapore and, for most young couples these days, the only remotely affordable way to become a home owner. But it does come with a bunch of trade-offs. Here are five things that aren’t allowed in HDB flats.
Investing in Singapore’s property market doesn’t necessarily mean you have to own a condominium unit. (via dollarsandsense.sg)
By Timothy Ho, via dollarsandsense.sg
SINGAPORE — URA reported that the private residential property index for 3Q2017 have increased by 0.5 per cent. This is the first time an increase has been seen, after 15 straight quarters, or close to four years, of decline.
Having endured a lacklustre market for four years, there is finally good news for property experts and real estate developers to get excited about. But should you, as a retail investor, be looking to jump back in to the market now that sentiments are slowly starting to pick up?
Of course, this is the million-dollar question on everyone’s mind. Should we buy a private property now in the hopes that we can strike it rich when the market takes off, or do we risk missing out on the cycle?
By Joanne Poh, via moneysmart.sg
SINGAPORE — Pool together all your resources, buy a home, and become an overnight millionaire by selling it off years later—that is, in a nutshell, the Singaporean dream.
The promise of your flat funding your retirement is no doubt a key motivator to those who empty their CPF accounts and sign up for massive loans to buy a home.
That all sounds reasonable enough, until you realise that most residential property in Singapore is on a 99-year lease.
By Lynette Goh, via moneysmart.sg
SINGAPORE — So you’ve just seen how much you’re paying this month on your home loan, and you’re seriously considering switching to another bank with the lower interest rates… Except you don’t know if refinancing is a good choice. Will it really be able to save you money in the long-term? Is the cost of refinancing really worth it? Here are some costs you will encounter when refinancing your home loan:
By Sim Kang Heong, via dollarsandsense.sg
It seems like every other week that one sees advertisements for overseas property investments “opportunities”. Once in a while, we see news reports of yet another overseas project flopping.
While legitimate overseas investment opportunities exist, shady or extremely risky ones are also out there, and the savvy investor would think long and hard before sending their hard-earned money abroad.
Here are 4 common “promises” that make appearances in marketing collateral and uttered during talks, that you should think twice about.
By Joanne Poh, via moneysmart.sg
SINGAPORE — Many Singaporean property owners think of en bloc sales as 4D or Toto, but with better odds.
But the reality is a little different, if you understand how en bloc sales work. Basically, you are getting paid to vacate your property. That means that, unless you have somewhere else to live, you will have to use that cash to buy another home.