By Eugenia Liew (via moneysmart.sg)
Singapore — BTO shopping? You’re in luck. The August 2018 HDB BTO launch is coming and they’re in 2 of Singapore’s favourite estates – Punggol and Yishun! What a tough choice, eh? Should you go for Yishun (homeland of siao langs) or Punggol (number one killer of friendships in Singapore)?
On the face of it, the two BTO developments might not seem that different. Both are in non-mature estates and quite far from town, and prices should be about the same. But when it comes to actually buying a home and living there… things are a bit different.
Let’s deep dive into the upcoming BTO launches in two of Singapore’s dream districts.
New property cooling measures were recently announced, and boy, did it send Singaporeans into a frenzy as everyone rushed to buy condo units the night before they kicked in. So… what are these property cooling measures and why did everyone freak out about them?
Here are 10 biggest questions on everyone’s minds, and our answers (to the best of our abilities, anyway).
Singapore — Owning a home that you can call your own is certainly exciting, but it is also one of the biggest purchases you will probably make in your lifetime. What’s more important to bear in mind, however, is that it’s not a journey that ends the moment you get your house keys.
By Joanne Poh, via moneysmart.sg
Singapore’s laws remain depressingly old-fashioned when it comes to certain things. And nowhere is this clearer than in the way single parents are penalised. It’s almost as if it’s your fault for being a single parent.
While a lot has been done to make parenthood less financially taxing such as the Baby Bonus and HDB subsidies, single parents are often left out in the cold and denied the same degree of support.
This despite the fact that it is often precisely single parents who need help most in the absence of a spouse to share the physical, emotional and financial burden of raising a child.
If you or someone you know is on the brink of single parenthood, this guide will help you to see at a glance which grants, subsidies and financial assistance you qualify for.
By Joanne Poh (via moneysmart.sg)
Singapore — Your home loan is probably the single biggest financial commitment you’ll ever take on, and one you could spend the next few decades paying for. Given the magnitude, you obviously want to ensure you lighten the load as much as possible. That’s why it’s so important to be aware of when it’s time to refinance your home loan.
It can save you thousands of dollars over the years, raise your capital gains on resale and basically make your expensive home purchase a bit less expensive.
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: