Search Results for: hdb

Should HDB owners upgrade to private property now?

Have prices of private properties bottomed out and is it the right time to buy private property now? If so, should you buy freehold or leasehold properties? To answer these questions, it depends on whether you are an upgrader or investor. Recently, I received the following email from a follower and decided to share some of my thoughts. Hi Gerald, I am a big fan of your blog. It’s very informative and insightful. Currently we are staying in fully paid 4room HDB flat. My husband and I have been searching for property to upgrade this year. We are looking...

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HDB TO PRIVATE PROPERTY? LEARN HOW

Dear readers, if you have dreams to upgrade from your HDB flat to a private property, remember to catch part 3 of the video below. <script async=”” src=”http://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js” type=”text/javascript”> </script> <ins class=”adsbygoogle” data-ad-client=”ca-pub-9691131201362101″ data-ad-format=”fluid” data-ad-layout=”in-article” data-ad-slot=”5118342151″></ins> <script type=”text/javascript”> //<![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); //]]&gt; </script> Join the <a href=”https://docs.google.com/forms/d/1eYyFpV4F31zw750WZxcgu9kO6lJD-MYIkDk6G1w0j1w/viewform”>emailing list</a> to receive regular Financial and Singapore stocks newsletters too! Like” me on <a href=”https://www.facebook.com/SgStocksInvesting/”>Singapore Stocks Investing Facebook page</a> to receive all posts on your Facebook as well as read more articles. Follow me on <a href=”https://twitter.com/sgshortstories”>Twitter</a> too....

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Brothels in HDBs and Condominiums – You May Be Liable!

The Story In 60 Seconds Increase in reports of brothels being operated out of residential apartments Landlords, agents or tenants of these brothels are liable to charges under the Women’s Charter unless able to prove that they had no knowledge that the premises were being used as a brothel (difficult) A fine of up to S$3,000 or an imprisonment term for the maximum of 3 years, or both, may be imposed if you are first-time offender Landlord in this situation can obtain a Magistrate’s Order to receive possession of your property should the errant tenant refuse to do so...

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Why Upgrading To A Bigger HDB Flat Is More Expensive Than You Think

<script async=”” src=”http://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js” type=”text/javascript”> </script> <ins class=”adsbygoogle” data-ad-client=”ca-pub-9691131201362101″ data-ad-format=”fluid” data-ad-layout=”in-article” data-ad-slot=”5118342151″></ins> <script type=”text/javascript”> //<![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); //]]&gt; </script> Join the <a href=”https://docs.google.com/forms/d/1eYyFpV4F31zw750WZxcgu9kO6lJD-MYIkDk6G1w0j1w/viewform”>emailing list</a> to receive regular Financial and Singapore stocks newsletters too! Like” me on <a href=”https://www.facebook.com/SgStocksInvesting/”>Singapore Stocks Investing Facebook page</a> to receive all posts on your Facebook as well as read more articles. Follow me on <a href=”https://twitter.com/sgshortstories”>Twitter</a>...

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Should I get a HDB or a bank loan?

In my last post, I promised to elaborate more on the common dilemma faced by most new homeowners: should you get a HDB or a bank loan? To put things into context, BTO prices range from $200k (Yishun) – $600k (Bidadari), whereas the average price of a 4-room HDB resale flat in Singapore can go up to $670k in a central location. Depending on how much housing grants you’re eligible for (calculate here!), most of us probably will need to take out a loan to pay off the remaining sum. Source: Stacked Homes I’ve mentioned about how I’m generally...

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As the Narrative of HDB Changes, Will the Relationship with CPF Changes?

Ng Kok Hoe, an assistant professor from the LKY School of Public policy have a good article out in Today discussing that home ownership and retirement should be re-looked. Kok Hoe explains that there should be more clarity of the role and direction of both home ownership and retirement in light that more voices have come out to say that HDB leases do expire and SERS is not a given. The worry is that many of us based our retirement on strong asset appreciation. When this premise is challenged, what will happen to our retirement? This article have less...

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22 charts showing 4 room HDB resale prices across Singapore

In Singapore, 80% of the residents stay in HDB flats. Some buy new launches while others buy resale flats. In any case, Singaporeans can’t be blamed for having the mindset of wanting to profit from their capital appreciation of their flats. In recent years starting from 2013, housing prices have started a decline when the government implemented multiple rounds of cooling measures. This came about because of various rounds of cooling measures ranging from Additional Buyer Stamp Duties (ABSD), Seller Stamp Duties (SSD) and Additional Conveyance Duties (ACD). The HDB resale market was not impacted as severely as the...

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Negative HDB sales

In recent years, HDB resale volume has been declining in the aftermath of various government cooling measures like the Mortgage Servicing Ratio (MSR) and capping of the loan term for HDB loans. Arising from these policies, there have been cases of negative HDB sales. What is exactly negative HDB sales? It means that after you sold your HDB flat, the resale price is sufficient to pay off the outstanding HDB or bank loan but not enough to repay fully the CPF refund with accrued interests. In this situation, besides having no cash proceeds from the transaction, you may even...

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$1m for 30 year old HDB flat and what now?

Reader: I wonder what you will do if you were me- can you talk to yourself? I finally sold my maisonette for >$1mil, as it almost hit 30 years old. I had paid up my HDB loan a few years ago, so have this full amount available in cash and CPF. I have a family of 5 including 2 teenagers and a helper, so am looking for a place to buy. Although $1mil may sound like a lot, there is hardly any property to buy if I rule out HDB options. My husband and I are in our mid...

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Devastating HDB Loan and CPF Accrued Interest

Ranked Top 75 Singapore Investment Blog by Feedspot Subscribe to Blog via Email Be afraid. Be very afraid after reading this article. This is an article that all aspiring and existing home owners can ill-afford to miss. And I do mean it because you may live to regret for dismissing the message in this article. Today, I am going to share with readers the devastating effect of HDB Loan combined with CPF Accrued interest. Many financial bloggers wrote about CPF accrued interest and HDB Loan. However, they may not have the real experience of purchasing an HDB flat or...

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The Complete Guide: Bank Loan vs HDB Loan

Getting your HDB for the first time can be quite an experience. From applying for your unit to getting your house keys, there seem to be an endless amount of information to read up on. To top it off, a HDB flat is one of the big ticket purchase for many and everyone is trying to make more informed decision to save some bucks. Making informed decision is rather brain draining. To save you from all the hassle, we summarise the differences between a Bank Loan and a HDB Loan into 5 minutes walk in the park. TL;DR: Comparison...

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Why I Would Refinance From HDB Concessionary Loan To POSB Home Loan

TL;DR: If I were still on the HDB Concessionary Loan for the mortgage of my flat, I would switch over to the POSB Home Loan in a heartbeat. Why? $23,000 of savings and perks over a decade. Read on to find out how. WHY I AM LOOKING AT HOME LOANS AGAIN 1) Prefer Lower Mortgage Rates As mentioned in this earlier post, by refinancing from the HDB Concessionary Loan (HDB CL) to a bank loan 4 years ago, I was able to take a small advantage of the low SIBOR rates with some form of certainty, knowing that my...

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23yo bought 40yo HDB flat and worried.

Reader: I am currently 23years old & married. My husband and I purchased a resale flat last year. Back then we did not read nor have knowledge about financial planning.  We purchased what we want and our desired location… Our resale flat is actually quite old. I think is 40 years old this year… Many people called us stupid for buying resale flat instead of BTO ones.  And since we didn’t have proper financial planning, we exhausted our entire CPF to pay for the flat. So, our CPF is 0 now.  We also took a loan of 25 years…...

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How Aspiring Home Owners Can Benefit From HDB Re-Offer Of Balance Flats

The government recently introduced a new scheme for Singapore citizens applying for HDB flats. Known as the Re-offer of Balance Flats (‘ROF’), it pools all unsold flats after a Sale of Balance Flats (‘SBF’) exercise. Heartland Boy thought this was a very interesting scheme. The public seemed to agree too as more than 5,500 applications were received for the 1,394 flats that were available. Here is Heartland Boy’s review of the ROF scheme and how aspiring home-owners can benefit from HDB Re-Offer Of Balance Flats. What Is The Re-offer Of Balance Flats? According to HDB, the Re-offer of Balance...

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