Don’t Buy a House Without an Approval in Principle (AIP) for Your Home Loan

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.

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Freehold Condominiums in Singapore – Why Freehold is Not as Great as it Seems

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:

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SERS & VERS – Complete Guide to “HDB En Bloc Sale” Schemes 2018

By Joanne Poh, via moneysmart.sg

There’s been a lot of talk lately about whether Housing Development Board (HDB) flat owners really own their flats, or whether they’re just tenants on a 99-year lease.

We can argue about this until the cows come home, but deep down, what Singaporeans really care about is whether there is money to be made out of that HDB flat.

For older flats, (right now, that generally means those with 50 years or less left), be prepared to see a huge drop in value once they start creeping towards the tail end of their leases. For instance, there will be no point to get a resale HDB flat if there are only 35 years left on the lease.

Once the resale value of a flat begins to fall, it’s time to start praying that it will be selected for the SERS, or that you and your neighbours can band together to get it redeveloped under the newly-announced VERS.

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National Day Rally 2018 – 4 New Housing & Healthcare Schemes Singaporeans Should Know

By Clara Lim, via moneysmart.sg

Is it just me or did this year’s National Day Rally feel like a rundown of recent movie blockbusters? “From the creators of SERS, HIP, Pioneer Generation and CHAS, we now have VERS, HIP II, Merdeka Generation and CHAS: The Sequel.”

Here’s a list of the government’s latest reboots, remakes and sequels that PM Lee Hsien Loong announced during the National Day Rally 2018:

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HDB BTO Launch Aug 2018 – Should You BTO in Ulu Punggol or Siao Lang Yishun?

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.

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Property Cooling Measures 2018 – 10 Most Important Things You Should Know

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).

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Here’s How Singaporeans Can Better Plan Their Finances When It Comes to Their Homes

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.

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