40% of BTO applicants invited to book a flat declined the offer, more buyers turn to HDB housing loans amid a hike in bank rates, and more. Here are the news highlights for what happened in the Singapore property market from 21 June to 27 June 2022.
June 2022
After spending their university days in a hostel for four years, Nigel and Charlene decided to buy a place of their own. In 2021, they finally made their dream come true by purchasing a 5-room HDB flat in Pasir Ris, the neighbourhood Nigel grew up in.
Mortgage interest rates are headed to a high not seen in decades and it may be a good time for home owners to reprice or refinance.
The post Mortgage interest rates headed to record high worrying home owners appeared first on iCompareLoan.
After covering both the Choa Chu Kang and Ang Mo Kio BTO projects for the upcoming August 2022 HDB BTO review, we’ll be looking at the highly anticipated Jurong East launch. If you’re a die-hard Jurong fanatic looking to snag an affordable unit in your favourite neighbourhood, this would be the project you would gravitate...
The post August 2022 HDB BTO in-depth review: Jurong East appeared first on 99.co.
When it comes to picking between a leasehold and freehold condo, it all boils down to one thing when all other factors such as location, cost, size, and so forth are neck and neck: the lease term. In theory, between two condo units that are similar in every respect other than lease, the freehold unit...
The post Should you buy a 99-year leasehold over a freehold condo? appeared first on 99.co.
Fear is a much more powerful sales strategy than greed. It doesn’t matter whether you are creating needs, doing negotiations or closing deals. If you know how to play with the FOMO phobia and manipulate the scarcity mindset of the other party, your chance of winning is high. That is why property agents tell you... [read more]
The post Do you buy properties with a scarcity mindset? appeared first on Property Soul.
The Classic BTO story goes like this: Why three to five years? Because that’s how long it usually takes for a bunch of flats to be built and be livable. Conventional wisdom says: get engaged, live with your parents, and when your flat is almost ready, get married and then move in together and make...
The post BTO or resale HDB flat: First-timer dilemma appeared first on 99.co.
In November 2022, HDB will launch about 9,000 units of BTO flats in Bukit Batok, Kallang/Whampoa, Queenstown and Yishun. Here's where we think they'll be based on the URA Masterplan and URA Space.
You’ve just gotten the keys to your new flat, and you’re raring to start building out your dream home. Yes, we know your Pinterest boards are bursting with inspiration, but curb your enthusiasm and read this article before jumping into your home renovation project. Whether you’re renovating a BTO or resale unit, there are various...
The post Renovating your HDB? Here’s a comprehensive list of HDB renovation guidelines. appeared first on 99.co.
While most of Singapore was sleeping, the US Federal Reserve raised its interest rates by 0.75% for the first time since 1994. The move was a bid to control inflation....
The post Fed Interest Rate Hike – What This Means For Singaporean Homeowners appeared first on MoneySmart.sg.