Stories By: Dollars And Sense (217 Articles Found)

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Should you choose the HDB’s Optional Component Scheme (OCS) when you buy a BTO flat?

The process of buying our BTO (or any home) is strewn with a lot of decisions that we have to carefully consider. In this article, we will cover just one of the decisions – whether we should choose…

Management Fund vs Sinking Fund: A guide for strata property owners

Owning property in Singapore is more than servicing your property loan and paying your property tax. There are institutionalised monthly fees to be paid for maintenance and up-keep of estates and communal spaces for strata property owners. These…

HDB Contra Facility and Enhanced Contra Facility: How you can use it to buy your second HDB flat

While we spend a lot of time talking (and writing) about how to buy your first home, the discussion on how to buy your second home is more muted. There is a multitude of reasons why your first…

HDB price guide: 5 cheapest HDB estates for 2021

Even in a time of rising property prices, when HDB resale flat prices are hitting a 8-year high in 2020, the price increase has not been equal across the different estates across the island. There are still affordable…

S-REIT report card: Here’s how Singapore REITs performed in 2020

2020 was a precarious year for property owners. Globally, travel has grinded to a halt, impacting hospitality properties. Even Retail, office and industrial properties have been affected to varying degrees, given the strict COVID-19 mgmt measures. We already…

Community Care Apartment: Does it make financial sense?

For the Feb 2021 BTO Launch, HDB released the first Community Care Apartments (CCAs), Singapore’s first assisted living public housing development which integrates senior-friendly design features with care services and social programmes. This received a warm reception from…

Parenthood Provisional Housing Scheme (PPHS): Does it make financial sense to rent from HDB while waiting for your BTO flat

Due to the manpower crunch and construction delays caused by the impact of COVID-19 and the circuit breaker in 2020, more BTO projects are being deferred and new BTO projects have extended their timelines for the delivery possession…

HDB price guide: 5 most expensive HDB estates in 2020

With headlines proclaiming that HDB resale prices hitting a 8-year high in 2020 and private property prices increasing by 2.2%, Singaporeans’ interest in property is undoubtedly on the rise in spite of the COVID-19 pandemic. In fact, the…

Here’s the the salary you need to earn to afford these homes in Singapore [2021 edition]

Buying a home in Singapore is expensive. In fact, according to CBRE’s Global Living Report, Singapore is the 3rd most expensive residential property market in the world. For many people in Singapore, buying our home will be the…

HDB Fresh Start housing scheme: Does it make financial sense for people staying in public rental flats to buy their own 2-room flat?

In this article, we examine one of HDB’s housing schemes, the Fresh Start Housing Scheme, which is meant to uplift second-timer households who are living in public rental flats and assist them to own their own homes. Recognising…

New launch or resale condo: Five factors to consider before buying a private property

1) Affordability – It’s imperative that you perform detailed calculations of your finances, set a budget, determine how much you need for your cash outlay, and the home loan options available. The main costs you need to take…

REITs ETFs vs Unit Trusts vs Syfe REIT+: Which REITs investing method should beginners choose?

1) REITs ETFs – Allow investors to invest in public-listed REITs according to an index. In Singapore, there are 3 REITs ETFs listed on SGX. The key advantage that it merges the advantages of an index fund with…

Complete guide to HDB’s Optional Components Scheme (OCS)

If you have successfully balloted for a BTO flat, congratulations! Now, the hard work of getting your new flat is just beginning. Aside from preparing the necessary documents including the HLE if you intend to take an HDB…

How much would Singapore investors have made if they invested $1,000 in every REIT ETF since their listing?

While residential properties have remained resilient in 2020 with resale prices rising for both HDB and condominiums, REITs have taken a pummelling this year. With a crash of close to 35% at the lowest point in mid-Mar 2020,…

5 things to know about HDB Community Care Apartments

1) Community Care Apartments (CCAs) are move-in ready with built-in senior-friendly designs – Features such as an easy to slide partition separating the living and bedroom spaces and a bench at the main door for putting on shoes…

8 housing estates that have HDB flats more than $1 million

An HDB estate that needs no introduction, Pinnacle@Duxton unsurprisingly has the highest number of resale flats above $1 million. Centrally located in Tanjong Pagar with stands out from its run-of-the-mill HDB siblings with award-winning design and condominium-like features…

Why you should not be rushing to pay back your housing loan using your CPF savings

Recently, the achievement of a young couple in their mid-30s had managed to pay off the housing purchase of their Bishan flat in 2 years was lauded on social media. The couple earning an ordinary income had accumulated…

Property prices are increasing – is it worth overpaying for an HUDC flat right now?

The subject of HUDC flats is a confounding one in Singapore. Yet it’s not common enough to find a lot of information about the scheme and what happened to the estates today. According to a ST article, 18…

How a first-time entrepreneur’s bakery café (which opened in jan 2020) is bouncing back from Covid-19 and circuit breaker

In the best of times, running an F&B business in Singapore isn’t easy. With high rental cost (especially if you are at a hipster-loving location like Bukit Pasoh), manpower challenges, intense competition and long working hours, even F&B…

Strategise your BTO application: Is it more advantageous to apply for your HDB BTO flat later in the BTO application period?

You can check the number of applications received for the Nov 2020 BTO launch and the number is updated at 8 am, 11 am, 2 pm and 5 pm daily. The final update on the total number of…

Complete guide to property tax for homeowners in Singapore

In Singapore, property taxes and duties need to be paid not only when purchasing residential property purchases, but also annually on all the properties you own. This article will focus on the latter tax on property ownership, and…

Upgrading to a private property? 4 reasons why you should you sell your existing property first before buying a new one

1) Buying is easy; selling is harder – Even if we are in a property bull run, selling a property is going to take some time, especially if you want to achieve your ideal asking price; 2) Once…

5 reasons why Singapore’s property market is heading for a bull run

1) BTO construction delay resulted in a demand swing towards HDB resale flats – It is no wonder that many newlywed couples have decided to switch to buying a resale HDB flat – rather than to be forced…

Why you should use your CPF to pay for your property and mortgage

There are many misconceptions around the use of CPF for deposits and mortgage payments. In this article, we will explain why many arguments against using CPF for mortgage are incomplete, what is CPF accrued interest and why the…

How much service & conservancy charges (S&CC) do you pay each month (and rebates you receive)?

80% of Singaporeans stay in HDB housing estates. Lift maintenance, void deck cleaning, and fumigation are sights that we take for granted in the background of our daily lives. Yet, these are services that our town councils maintain…

How you can use Married Child Priority Scheme (MCPS) and Multi-Generation Priority Scheme (MGPS) to increase your BTO ballot chances

The Married Child Priority Scheme (MCPS) and Multi-Generation Priority Scheme (MGPS) are both intended to encourage families to live near each other and support each other communally. These two schemes, unlike most HDB schemes, are also available to…

Pros and cons of using CPF or cash to pay for your home loan

1) Pro of using CPF: More cash in your pocket for other expenses – Being able to use the 20% CPF contribution from your salary for housing repayment means that you still have 80% of your salary for…

5 reasons you should still choose an HDB home loan over a bank home loan (even though HDB interest rates are higher)

1) Forking out a more affordable downpayment – When taking an HDB home loan, our LTV limit is 90%. On the other hand, the LTV limit for a bank loan is 75%; 2) Being able to pay our…

Complete guide to buying a 3Gen HDB flat in Singapore

The family unit has changed over the years from multiple generations living under one roof in the same enclave or kampung to married couples forming their own family nucleus. Yet, there are joys and advantages of multigenerational living…

Guide to HDB season parking, family season parking, and special parking permits

More than 80% of Singapore’s population live in HDB flats all around the island. HDB not only takes care of building new flats, but also the administration, maintenance and upgrading of neighbourhood amenities, including carparks. In fact, according…

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