Daily Archives: February 11, 2014 (16 Articles Found)

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Keppel Club, Singapore Island Country Club could be most affected by Land Use Plan

Speculation is mounting that Keppel Club and Singapore Island Country Club (SICC) are likely to be the most affected of the 11 private golf clubs when details are released on Feb 16 on whether their leases will be…

Banks welcomed MAS latest move for borrowers to refinance loans for owner-occupied properties

Several major banks have welcomed the latest move by MAS to make it easier for borrowers to refinance their loans for owner-occupied properties. Some banks say the relaxing of these rules will help homeowners avoid having to force…

MAS offers exemptions from TDSR – First step in preventing a home loan debt bubble?

Yesterday’s announcement by MAS that it would exempt owner-occupiers of residential properties from the current TDSR rules was an interesting move – especially when you consider how quick MAS moved to contest a Forbes article about a potential…

UOL collects over 500 cheques for Riverbank @ Fernvale

The Riverbank @ Fernvale condominium will open for booking this Fri after receiving strong preview interest, said its developer UOL. The showflat in Sengkang has been open since last week to prospective buyers and investors. UOL said that…

MAS eases TDSR restrictions

MAS on Mon eased the restrictive Total Debt Servicing Ratio (TDSR) on certain property buyers. It has received feedback from borrowers who face challenges refinancing loans for owner-occupied properties which were bought before the introduction of the TDSR…

New homes vs. Established homes – Tips for a first-time buyer

Having a new home is a big leap for first-time home buyers. Hence comes the question a new one or an established one? As this can be a life altering decision for Singaporean young working adults, one has…

Sultan Mosque to get $4m facelift

The ageing Sultan Mosque on Muscat Street, with a history dating back to the early years after Singapore’s founding in 1819, will undergo a much-needed $4 million facelift and upgrading later this year. The year-long project, at what many…

Can Singapore safely deflate its property market?

Singapore’s famously efficient government faces a challenge that has stymied many a country before: safely guiding its toppish property market to a soft landing as interest rates rise. Property prices in the city-state have surged over 60 percent…

Rare HDB shophouse, shop unit up for tender

Two retail units in Clementi Town Centre and Jurong East Central has been put up for sale by tender, according to JLL. Located next to an MRT station, the Clementi Town shophouse comes with living quarters and has…

No impact from changes to TDSR: report

The relaxation of the TDSR for refinancing of owner-occupied properties is unlikely to have any impact on Singapore’s property market, with flat prices and slower volumes likely to continue, according to a Credit Suisse report. “We maintain our…

3 failsafe tips to help fast-track your home loan downpayment

Singapore has one of the steepest living costs in the region, and this is why buying a home is almost as big of a commitment as starting a family. Young urban professionals in Singapore who are just kick-starting…

KH Kea Properties seeking partner to develop building

The owner of the small building next to Bras Basah Complex and with McDonald’s as tenant on the lower floors is seeking a joint-venture partner to tap on the highest and best use for the property. KH Kea…

NOL Building is now up for lease

Fragrance Group, which bought the NOL Building in 2012, is now putting it up for lease. The property company has appointed JLL to lease the freehold property at 456 Alexandra Road. Fragrance plans to hold the building for…

Rules tweaked to help home owners refinance mortgages

The central bank has made it easier for homeowners to refinance their existing mortgages. It yesterday widened an exemption on tough mortgage rules to include more borrowers who bought their residential properties before the TDSR framework took effect…

Leveraged homeowners mulling over refinancing of their mortgages have been given a breather from the strict debt rules governing mortgages. MAS said yesterday that with immediate effect, refinancing of loans for owner-occupied homes bought before June 29, 2013…

6 reasons why property curbs should not be removed

Many people I have met who want you to invest in property don’t care two hoots if you make money or not, as long as they profit from your investment. And the same group of people are now…

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