BTO application in Singapore is something every young couple pays attention to before balloting for a BTO flat. Aside having to wait 3 to 5 years, what else do you need to know? With news of the upcoming HDB BTO launch, read up to prepare yourself.
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In a high interest rate environment, should you use cash, CPF, or both to service your mortgage? We ask 5 Singaporean households how they're paying off their home loan, while grappling with this rising interest rate environment.
When Shauna (27) and Rainer, her naval officer husband (31), decided to look for their matrimonial home more than two years ago, they did not realise how challenging getting a flat near the central regions would be. “We initially wanted to stay in a more central location like Redhill or Telok Blangah because of proximity…
The post House-hunting couple shares key selling points that sealed the deal when they viewed a 5-room Belvia DBSS flat at Bedok Reservoir appeared first on .
Mr and Mrs Teo felt that their first home, a 93 sqm (1,001 sq ft) 4-room HDB BTO flat, had little room for their kids to play and run around. After much discussion, the couple decided to search for a bigger unit: either an HDB Executive Maisonette (EM) or an Executive Apartment (EA). “We are…
The post Family of 4 upgraded to an Executive Maisonette (EM) for more space for the kids to play appeared first on .
On the back of two major launches in the Outside of Central Region (OCR), new home sales in September totalled 987 units, excluding ECs. This is a 125.3% increase from August’s new home sales at 438 units. Last month saw developers launching 913 units for sale, up from 134 units in August during which developers…
The post 84.3% of new non-landed homes sold above S$2,000 psf in September appeared first on .
PropertyGuru enters home services with Sendhelper acquisition, first BTO project in Ulu Pandan to be launched in November, and more. Here are the news highlights from 11 October to 17 October 2022.
Well to my observation, some of these repurchased units sold under open booking or SBF schemes has the basic renovation done. Some even have their toilets beautifully renovated and comes with built in kitchen cabinets. Only very few were seen sold in its original condition. It all depends on individual needs & financial capacity. My former 4 room flat (1984 flat in a central area) was already facing some water & gas leakage problem. (Made a few complaints of the faint gas smell over the years while we were living in that unit) Not only that. Since the early days of my family’s stay there, that area was known to have problems with cockroaches. Worst still my unit was on the lower floor! And now I heard the new owner is putting up the unit for sale about over SG600K! Given the area is within reach to many good malls, mrt stations, schools & hospitals. I doubt any potential buyers will notice these “real issues” if there is a good agent emphasising on these amenities as its main selling point. My take on buying older flats, for my case - with my current age at 49 if I find units that are selling like that of the recent 3room open booking unit @ AMK for SG193K & has its interior decently done up? I wont mind buying if the unit & location serves my needs. What’s more when I am eligible for the housing grants including close proximity to my married child plus my balance CPF, I am able to get the unit fully paid. And with a calculation of SG200K work out to live the rest of my life for the next estimated 40 years? That will work out about a tenancy cost (since it is indeed a 99 years leasehold unit) of SG417/month, I am happy already. Considering the recent HDB new policies of granting lesser percentage of HLE loan from the former 90% down to 85% then lower again to 80%. This amount I am paying is still a better choice than renting out at a few thousand dollars elsewhere that I cant call it as my own. Most importantly I do not wish to be burden with a 15 to 20 long years of repayment plans. And the processing time under open booking is attractive too. Like I mentioned earlier, it all depends on individual needs & financial capacity.
Giving is not always happy
Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’ll look into a word that you keep hearing at property seminars or from agents: Decoupling. What is decoupling? Decoupling is when one of two co-owners of a house transfers all their shares to the other, thus surrendering ownership completely. This involves…
The post Property Jargon of the Day: Decoupling appeared first on .
When he turned 38 years old, Wei Han knew it was time to find his own place. With the help of PropertyGuru, he found a 4-room HDB flat in Bedok that ticked the boxes of his checklist: a unit with three bedrooms and is close to his parents.