A floating rate is a home loan where the interest rate is pegged to the SIBOR or SOR. The SIBOR is the Singapore Interbank Offer Rate, what the SOR is the Swap Offer Rate. These are rates which are public knowledge so there’s a level of transparency. ( read original story ...)
Bank of Singapore’s Derrick Tan now also heads Hong Kong branch
SINGAPORE - Bank of Singapore's global market head for Greater China and North Asia, Derrick Tan, has taken on the additional role of chief executive of its Hong Kong branch since March 6, the private banking arm of OCBC Bank said on Monday. He replaces ... ( read original story ...)
Property: How expensive is your home compared to others?
In 2018, Singapore was ranked as the most important property market in ASEAN by Morgan Stanley's research. Given this, it is not surprising that Singapore is also home to some of the most expensive properties in the world. But just how nice and expensive ... ( read original story ...)
Singapore’s high-yield rental properties have these 3 things in common
So what makes a good rental property investment? For answers, we looked at apartments and condominiums across Singapore that commanded gross rental yields of 4% and above, to identify their common characteristics. Current gross rental yields are calculated ... ( read original story ...)
Singapore boosts taxes to shore up revenue for aging nation
(Photographer: Sanjit Das/Bloomberg) SINGAPORE Finance Minister Heng Swee Keat announced a range of tax increases in his budget, including a surprise hike in property levies, as he seeks to shore up savings to cope with a rapidly aging population. ( read original story ...)
1,400 people from Singapore have US$50m or more in net assets
Singapore’s ultra-wealthy population surged to 1,400 individuals ... which is lifting GDP as well as stock and property markets. ( read original story ...)
Homeowner’s horror as estate agent accidentally posts picture showing his NAKED BODY onto a property website… but can YOU spot it?
A homeowner in Singapore was horrified to see his naked body on a property listing site after taking a photo of his room while undressed. For months, neither the homeowner or his agent was aware that the x-rated picture had been posted online until ... ( read original story ...)
Singapore remains a top choice for property investment
SINGAPORE remains a favoured destination for property investments among the world's ultra-wealthy, taking the fifth spot based on an overall global ranking by Knight Frank. In the property consultancy's Wealth Report 2018, Singapore is the third most ... ( read original story ...)
Pros and cons of repaying your mortgage before the loan tenure is up
Home loan interest rates have been at historical lows since 2008, after the Global Financial Crisis. However, interest rates have been steadily climbing. Remember that the historical interest rate for Singapore home loans is close to four per cent ... ( read original story ...)
Singapore’s online property network Soho raises US$1.3M to grow its headquarters
The startup, led by founder Jonathan Lui, has raised S$2.75 million (US$2 million) to date Soho’s founder Jonathan Lui In a small and competitive real estate market that is being fought over by two rival property marketplaces 99.co and PropertyGuru ... ( read original story ...)
Property Soul Meet the Blogger Session
In April 2014, our second Meet the Blogger session was held in the small lecture theatre at Marketing Institute of Singapore. I used the occasion to launch my new book No B.S. Guide to Property Investment and officially announce the setup of Property Club ... ( read original story ...)
Rental Guide 2018: Top 5 Most Expensive Estates To Rent A HDB Flat In Singapore
As Singapore residential property prices look set to rebound following several years of decline, since its peak in 2013, many may expect rental prices to follow suit. While the rationale for this may be simple – higher property price must equate to ... ( read original story ...)
Inside one of Singapore’s strangest homes
From street level, number 2 Wilby Road in Singapore’s affluent Bukit Timah seems, if anything, nondescript compared to its grandiose neighbours. Foliage tumbles from the front garden over a wooden fence, while an unkempt, once-white pillar modestly bears ... ( read original story ...)
Singapore government increases stamp duty on high-end residential properties
The Singaporean government has increased the top marginal Buyer’s Stamp Duty (BSD) rate for residential properties to 4% to ensure that Singapore’s “tax system remains progressive”. The tax will be applicable on the portion of residential property ... ( read original story ...)
Singapore swing: pent-up demand boosts property prices
As its housing market testifies, Singapore — often hailed as the beacon of Asian free-market capitalism — is a tightly controlled economy. That the government has been able to preside over a boom in private house prices without an unaffordability ... ( read original story ...)
Hats off to Singapore for raising taxes
Singapore is moving boldly, and wisely, in a different direction. The government is raising levies on property, goods and services, carbon and certain imported services. Not radically, but assertively nonetheless. A stamp duty rise to 4% from 3% applies ... ( read original story ...)