The Financial Network

Month: February 2024

Things to look out for when Refinancing your home loan

Private property owners in Singapore typically refinance their home loans every 2-3 years. This is because once your loan is out of the lock-in period (usually 2 or 3 years from your loan commencement date), the interest rate will start to shoot up. As such, seasoned property investors will refinance about 3 months before their …

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Buying Property For Investment? Avoid Trophy Homes At All Costs!

On and off, we come across news reports of properties transacted at record prices, such as an unit in The Marq On Paterson Hill which sold for $20.5 million, approximately $6,840 per square foot (psf) in 2011. Most people will question the rationale behind the premium prices paid for such seemingly overpriced properties. However, we …

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I’m a Priority Banking customer, do I still need a mortgage broker to get the best home loan?

As a Priority Banking Customer, you are provided with some benefits from your bank. They can range from preferential rates for your accounts and deposits, waiver of fees, or lower rates for the bank’s loan packages. This is why many Priority Banking customers often ask if there is a need to go to a mortgage …

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Is buying a new Executive Condo guaranteed to be profitable?

Buying an Executive Condo is commonly perceived by many Singaporeans as a sure way to make profits, but how true is this? To answer this, we examined 14 condos that attained their 5-year Minimum Occupation Period (MOP) between 2020 and 2022.  Specifically, our analysis focuses on transactions that took place within 12 months of attaining …

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Is getting an Executive Condo more profitable than a Private Condo?

Prices of Executive Condos have risen sharply over the years, with some even seeing close to 100% increase in price over the last 10 years. With average costs of around $750 psf back in 2013, some executive condos have risen to over $1,300 psf in 2024.  Seeing how much executive condo prices have grown, many …

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