October 6, 2022

Despite the cooling measures in December 2021 and interest rate hikes, signs from the last eight months show that the foreigner buying demand for luxury condos (worth S$3m and above) isn’t diminishing anytime soon. In fact, they continue to attract top foreign buyers, particularly from Mainland China. Between January and August 2022, Chinese buyers (Permanent…

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Minister for National Development Desmond Lee said in Parliament on Tuesday (4 October) that HDB will incur an estimated development loss of S$270 million from the Central Weave @ Ang Mo Kio BTO.  The project was launched in the last HDB BTO exercise in late August. In particular, it drew significant attention during its launch,…

The post 3 questions we have arising from Minister Desmond Lee’s comment on the S$270 million loss incurred for Central Weave (August 2022 Ang Mo Kio BTO) appeared first on .

The current HDB mortgage loan interest rate is 2.6%, but with growing interest rates and inflation concerns, will it be adjusted? We ask Paul Wee, Vice President, PropertyGuru Finance, PropertyGuru Group what this mean for Singaporean homeowners financing their HDB flat in 2022 and beyond.