by Angeline C Most commercial and industrial property loan packages offer a step-up package. That means, it goes like this (illustration only): – Year 1 = 1.5% Year 2 = 1.8% Year 3 = 3% This means that many owners of commercial properties are compelled to refinance every 2 years or else the interest cost will eat … Read more
When is Enbloc good or bad news? Receiving an enbloc offer for your property is akin to striking lottery. So who wouldn’t be pleased with it? Not everyone actually. Some may have an emotional attachment to their home or location as their family or relatives may have stayed in this development or in this vicinity, … Read more
Buying a property in Singapore is a major investment, and buying a building-under-construction BUC properties heightens the risk. There’s no transaction history for you to check, and no way of knowing if the developer will fulfill the marketing hype. Still, you may be convinced by the lower initial costs, or by the high demand for a … Read more
While some Singaporeans like their properties shiny and new, another group refuses to buy from a showroom. After being burned from experiences like The Seaview, some buyers only trust what they can see. That’s not a bad idea, but you need to know what to look out for. It’s a lot more complex than just … Read more
Resale flat prices jumped significantly in Q2 2017, rising by 32.5 per cent. With a big rebound in sales volumes, it looks like we’re on the brink of a big shift in the property market. But what does 2017 hold for those who want to buy resale flats? We take a brief glimpse: Sales volumes … Read more
Now that you know how the upgrading will work, let’s look at the biggest issue: getting a loan for your condo. Some banks will embrace you, some will reject you, and some will screw you by changing their mind at the last minute. To make sure things go as smooth as possible, here’s how to … Read more
Sibor was the popular reference from which to price your home loan packages in Singapore. This stands for Singapore Interbank Offered Rate (Sibor). There is also the London Interbank Offered Rate (LIBOR) and Mumbai Interbank offered Rate (MIBOR), Tokyo Interbank offered Rate (TIBOR) and Hongkong Interbank offered rate (HIBOR), just to name a few. Ever … Read more
In this second part of our condo buying guide, we look at the nuts and bolts of the whole procedure. How do you go about buying your right to higher maintenance fees and annoying management council meetings, and into a pool you’ll use once and never again? That’s right, this is where we work out the … Read more
The question on everyone’s mind is, should I buy a property that has 70 years lease left? Will I be able to sell it if I stayed in it for 10 years? Or for that matter, should I even buy a property that has 60 years or less than 60 years of lease remaining? The … Read more