SINGAPORE: OCBC Bank is piloting a robo-advisory service for investors to help them monitor and manage their investments, using an algorithm-based formula. The online platform will offer clients direct advice on balancing investment portfolios without ... ( read original story ...)
Should I pay down home loan using CPF OA?
Throughout our years as Mortgage Brokers in Singapore, we have come across many couples, men want to leverage (mostly) while women want to keep their home safe and want to pay down debt. The differences in behaviour could be traced to evolutionary ... ( read original story ...)
Why you should get a 10-year mortgage now
But borrowers worried about the potential effect on interest rates can lock in decent mortgage rates to see them securely through the next decade. According to rate scrutineers at Moneyfacts, three years ago there were only eight 10-year fixed-rate home ... ( read original story ...)
OCBC joins DBS-UOB in New Launch price war
Apply BUC Home Loan here through us a Mortgage Broker and get $100 voucher* offered by our partners. (Check for Eligibility) Now that 3 banks have joined the war, will there be more? Buying a House in Singapore has never been more exciting. As long as ... ( read original story ...)
Singapore property still a top draw for Asia's ultra-rich
SINGAPORE's property market remains high on the agenda of Asia's ultra-rich, notwithstanding the cooling measures still in place. Its commercial properties are a top consideration for Asian ultra high net worth individuals (UHNWIs) keen on this asset class ... ( read original story ...)
Singapore is second most favoured destination for Asian UHNWIs to own homes
Singapore has been ranked by Asian ultra-high-net-worth individuals (UHNWIs) as the second most preferred destination to acquire a residential property overseas after the UK, revealed Knight Frank’s latest Wealth Report. This comes as concerns over ... ( read original story ...)
Mortgage Broker Singapore – Should I use one?
Mortgage Broker, should I use one? How a mortgage broker can save you time and money? Mortgage brokers are specialist that are well versed with the banking loan process and have access to hundreds of mortgage and loan packages across many banks. Mortgage ... ( read original story ...)
Singapore bank lending dips in January over December, on slight fall in business loans
SINGAPORE - Bank lending in Singapore dipped by a marginal 0.04 per cent in January from a month ago, after rising 1.1 per cent in December, as business loans weakened skightly. Loans through the domestic banking unit - which captures lending in all ... ( read original story ...)
HDB Loan vs Bank Loan – What Should You Consider?
If you are considering purchasing a home in Singapore, you have two options: HDB or private properties. For those buying a HDB flat, which represents about 80-90% of the market, deciding on whether to get a HDB concessionary loan or a HDB bank loan can be ... ( read original story ...)
Best fixed-rate mortgages: two, three, five and 10 years
Rates on two, five and 10-year fixed deals have fallen following a surge in late 2015, when Mark Carney, Governor of the Bank of England, made comments suggesting that a rate rise was imminent. Now, they appear poised to head back up again. Wholesale ... ( read original story ...)
8 Home Loan Terms Borrowers Need To Understand Before Taking Up Mortgage
For instance, if the property is worth S$800,000 and you took out at mortgage loan of $560,000, your LTV is 70%. In Singapore, most banks offer mortgage loans up to a maximum of 80% LTV, while HDB loans can get you up to 90%. The amount the bank can lend ... ( read original story ...
Singapore Says Factors Backing Property Demand to Stay (Correct)
Singapore’s property demand remains "very resilient," supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said. “Our economy is still growing, so I think demand is still healthy and our ... ( read original story ...)
Singapore to retain home curbs for some time
SINGAPORE: Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still “very resilient,” National Development Minister Lawrence Wong said. Singapore home prices fell 3% in ... ( read original story ...)
Singapore's Home Curbs May Stay for Some Time, Minister Says
Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still "very resilient," National Development Minister Lawrence Wong said. Singapore home prices fell 3 percent in 2016 ... ( read original story ...)
Mortgage insurance: What is it and why homeowners should get it
This is especially so for homeowners who reside in a private property. In Singapore, mortgage insurance is also known as a Mortgage Reduced Term Assurance (MRTA) as the sum assured is gradually reduced as the housing loan gets paid off every month. ( read original story ...)
DIARY – Singapore
TUESDAY, FEBRUARY 28 Release of Singapore Bank Lending for January at 1000(0200GMT). THURSDAY, MARCH 2 Release of Singapore PMI for February at 2100(1300GMT). TUESDAY, MARCH 7 Release of Singapore Foreign Reserves for February at 1700 (0900GMT). ( read original story ...)