Where will interest rates go in 2011?

An interesting graph by MoneyIQ, a free Singapore home loan comparison site with mortgage broking services, which took the MAS survey results of a group of professional forecasters to see where the 3 Month SIBOR would head in 2011. The median forecast suggests that the 3 Month SIBOR is expected to rise from the current [...] … [Read more...]

What defines a luxury property?

Originally published in Today, this article is posted here with the kind permission of the author Ku Swee Yong, founder of real estate agency International Property Advisor, which provides services to high net worth individuals. In attempting to describe the top category of residential real estate in Singapore, we often find ourselves struggling with adjectives. [...] … [Read more...]

Refinancing Strategies – Why Refinance?

This post is part of a series of posts on refinancing by MoneyIQ, a free Singapore home loan comparison site with mortgage broking services. Typically a housing loan interest rate would be low during the first few years, subsequently the rates would increase. Refinancing enables you to lower the interest rates on your housing loan. [...] … [Read more...]

Is Property Truly Affordable?

Some of the more recent reports on property as published by our incumbent major newspaper, The Straits Times, seem to imply that property prices have softened and thus has become much more affordable for the general public. In Saturday’s newspapers (December 4, 2010), an article called “Our First Home” appeared and talked about how median COVs have fallen since the August 2010 cooling measures … [Read more...]

Why is it so difficult for Singaporeans to buy a reasonable priced home when its easy for foreigners?

Owning a home to live in has become such a staple of the Singapore lifestyle. Up to a few years ago, housing prices have been reasonably affordable. Is housing unaffordable? Lately the price and COV (cash over value) being quoted is absurd. Is it really absurd or is it a matter of progressive inflationary forces that we cannot stop? My fellow blogger la pappillion blogged about his new house … [Read more...]

Should you invest in properties or equities?

This is a guest post by Mr Propwise, who is the founder of www.Propwise.sg, a blog dedicated to helping you understand the Singapore property market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation. Are properties or equities better investments? I have over 10 years of experience investing in the stock market, and also have … [Read more...]

Is Public Housing For The Public?

Was peering at a block of HDB flats in front of me one day when a thought suddenly struck me.A 4-room HDB flat cost on average about $300k. A 12 storey block of flat has about 50 units. That translates to $15 million in value for a block of flats. Furthermore, these are all leasehold 99 years. Well, my point is, so what determines the value?It seems that the system in Singapore is to take the … [Read more...]

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (6)

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (5) Yesterday, I casually asked a colleague when is he getting his CPF and what is his investment plan? He told me he got it 3 months ago and also attended CPF Talk on Investing Options for Reaching 55. He told me he has no any other investment plan except to leave it in CPF to service his housing loan - another 11 years … [Read more...]

The 10 Cheapest Homes in Singapore

From the comments from my last article on the Top 10 Most Expensive Houses in Singapore, it seems many readers felt it would be useful to look at the most affordable choices instead. I have thus compiled this list of the 10 most affordable homes currently on the market in Singapore. As with the last [...] … [Read more...]

Subprime Crisis, Singapore’s version?

The Year 2006A few years ago, my wife and I are the 'fortunate' few to buy left over HDB flats under the walk-in scheme. As the flat came in standard condition, i.e. totally bare, we visited a few condominium showflat for renovation ideas. My wife was tasked to absorb as many ideas as possible while I entertain the agents as a prospective buyer. That was when I started to pay attention to the … [Read more...]

Subprime Crisis, Singapore’s version?

The Year 2006A few years ago, my wife and I are the 'fortunate' few to buy left over HDB flats under the walk-in scheme. As the flat came in standard condition, i.e. totally bare, we visited a few condominium showflat for renovation ideas. My wife was tasked to absorb as many ideas as possible while I entertain the agents as a prospective buyer. That was when I started to pay attention to the … [Read more...]

Stubborn HDB Property Bubble?

Some of my friends painfully resisted buying a flat for the past few years, hoping that the property bubble will pop when the global recession erupted. But to their disbelief, the prices and cash over value (COV) continue to defy gravity and broke new highs. This prompted me to take a closer look at this bubble, why is it so stubborn!?DemandLooking at the past prices (available data from 04 to … [Read more...]