What Is Mortgage Servicing Ratio (MSR)?

The Mortgage Servicing Ratio (MSR) in Singapore caps the amount that may be spent on mortgage repayments to 30% of a borrower’s gross monthly income. It applies to HDB flats and executive condominiums (ECs) bought from developers.

UP Fintech Singapore subsidiary sees 100% growth in client accounts

UP Fintech Holding Limited a leading online brokerage focusing on global Chinese investors, recently announced that its wholly owned subsidiary, Tiger Brokers Singapore, delivered over 100% quarterly growth in client accounts for the third consecutive quarter as of December 31, 2020. During the aforementioned period, UP Fintech Singapore subsidiary’s number of active traders grew at an [&hellip

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Buying property? Knowing the mortgage process will save you money

So, you’re looking at buying property, a financial decision that will likely be the biggest you’ll ever make. Assuming you’re not as rich as Donald Trump, it’s likely you will need to obtain a mortgage for your home purchase. In order to make an informed decision, you should educate yourself about the mortgage process. There [&hellip

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Great home loan specialist – 5 telling signs you are working with one

There is a marked difference between a great home loan specialist and a good one. The home buying process – from application, liaising with lawyers, compiling the documentation, and finally disbursement – can be a very tedious, time consuming process. Good mortgage brokers understand the range of products which are available in the market, but [&hellip

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Citi wealth hub opening signals importance of Singapore

Citi wealth hub opening signals importance of Singapore as a key investment market for its Asia Citi in December 2020, opened its largest wealth hub globally, dedicated to Citigold and Citigold Private Client customers, signalling the importance of Singapore as a key investment market for its Asia consumer business. With a rapidly growing affluent client base [&hellip

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Renting out an investment property? What do you need to know about taxes?

The rental property tax treatment perspective here is drive by the policy intent of owner-occupier tax rates to encourage home ownership in Singapore From a tax treatment perspective, the first thing you need to do before resorting to property rental is to ensure that your tenancy agreement is e-Stamped, and you should also make sure to [&hellip

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What you must know before buying Singapore property…

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