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 ... ( read original story ...)
Why is my home loan being rejected
The bank will assess your credit rank, which is available from the Credit Bureau of Singapore (CBS). If your credit rank is BB or below, the bank may decline your loan. This usually happens because of repeated late payments, or because you sought large ... ( read original story ...)
Brokers’ Call: Singapore Property
We recommend an "overweight" stance on the sector, preferring stocks with exposure to the residential, hotel and office segments, which are expected to outperform as we head deeper into the upcycle. We are cautious on retail and industrial factory and ... ( read original story ...)
Allgreen scoops up 2 Singapore land parcels after 6-year hiatus
ROBERT Kuok's Allgreen Properties has scooped up land parcels in Singapore for the first time in recent years through two collective sale tenders in the upscale Bukit Timah area. It acquired Royalville for S$477.94 million and Crystal Tower for S$180.65 ... ( read original story ...)
MAS points to risks in the Singapore property market
The recent surge in collective sales poses potential risks to the stability of the local property sector. Hence, market players should proceed cautiously, according to the 2017 Financial Stability Review (FSR) published by the Monetary Authority of ... ( read original story ...)
Singapore Home Prices Vulnerable to Rising Supply, MAS Says
(Bloomberg) -- The rising supply of homes and slowing population growth may undermine the recent recovery in Singapore residential property prices, according to the country’s central bank. Future development projects could potentially add 20,000 private ... ( read original story ...)
Singapore Property Prices Vulnerable to Rising Supply
The rising supply of homes and slowing population growth may undermine the recent recovery in Singapore residential property prices, the country’s central bank said. Future development projects could potentially add 20,000 private housing units over the ... ( read original story ...)
Singapore’s DBS Bank lowers India’s FY18 GDP growth to 6.6%
SINGAPORE: Singapore's DBS Bank today lowered India's GDP growth forecast for current fiscal to 6.6 per cent from the previous 6.8 per cent, citing that businesses were "still adjusting" to the new GST regime and there were "limited room" for fiscal support. ( read original story ...)
Singapore’s DBS Bank lowers India’s FY18 GDP growth to 6.6 per cent
Bank, however, expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2 per cent. Singapore: Singapore's DBS Bank on Tuesday lowered India's GDP growth forecast for current fiscal to 6.6 per cent from the previous 6.8 per ... ( read original story ...)
Singapore joins trend of lower property debt
Thanks to higher real rates. The accumulation of debt due to property purchases might have eased as Singapore's real rates rose, Morgan Stanley said. The firm said Singapore's trends in debt-to-GDP have largely mirrored China’s, with negative real rates ... ( read original story ...)
Singapore stocks fall amid rising China borrowing costs, Malaysia equities gain
In Singapore, lenders DBS Group Holdings and United Overseas Bank lost 0.9% and 0.8%, respectively. Golden Agri-Resources shed 1.3%. The company reported earlier in the day that it was selling its Tianjin oil operations for $111 million. The Bursa Malaysia ... ( read original story ...)
Regulator apologises for ‘Basel IV’ bank rules delay
Singapore central bank boss Ravi Menon has apologised to banks for the lengthy delays to a new package of global regulatory reforms that may finally be agreed by December 7. Mr Menon, who sits on the supervisory body of the Basel Committee on Banking ... ( read original story ...)
Singapore Press : Bank of China, Lianhe Zaobao and UnionPay International launch new cards to drive Singapore’s cashless society vision
Singapore, 24 November 2017 - Bank of China Singapore Branch (BOCSG) today launched new co-branded credit and debit cards in partnership with Lianhe Zaobao, the Chinese flagship newspaper of Singapore Press Holdings (SPH), and global payments brand UnionPay. ( read original story ...)
Mortgage is Critical to Housing Policy, Says Alufohai
Alufohai proposed a modeling of Nigeria’s mortgage system after that of Singapore where its citizens obtain 20 to 30-year low interest mortgages to acquire houses through a pool of funds into which all workers must contribute 20% of their salary. ( read original story ...)
From policeman to property developer
At the recent PropertyGuru Asia Property Awards held on 7 November, Oxley Holdings’ executive chairman and CEO Ching Chiat Kwong was honoured as the Singapore Real Estate Personality of the Year by the editors of Property Report magazine. It’s a huge ... ( read original story ...)
Property trends in 2018
According to Cushman & Wakefield Singapore’s research head Christine Li ... that home prices across the city-state are indeed recovering, the PropertyGuru Property Index shows that asking prices of over 200,000 homes listed on the website have ... ( read original story ...)