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 …
Things to look out for when Refinancing your home loan Read More »
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 …
Buying Property For Investment? Avoid Trophy Homes At All Costs! Read More »
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 …
So your Loan is out of the lock-in period and the interest rate you are paying on your loan is now at an all-time high. Should you Reprice your loan, or Refinance it? Let us take a look at both options. Repricing is when you re-negotiate new terms for your existing loan with the same …
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 …
Is buying a new Executive Condo guaranteed to be profitable? Read More »
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 …
Is getting an Executive Condo more profitable than a Private Condo? Read More »
You bought a newly launched Condo about 3-4 years back and the Condo has now reached TOP (Temporary Occupation Permit) status. This is cause for celebration since your long-awaited condominium is now ready for move-in. But you realize that the monthly installment is also much higher now because of the additional drawdown on your loan …
This is one of the recent cases where we helped our client to lower her home loan’s interest rates and save her $17,000 per year. Miss Yang stays in a condo in the East, with an outstanding loan of $1,000,000, with 23 years left in its tenure. Her loan is out of lock-in period and …
Case Study – How Refinancing saved this lady $17,000 per year Read More »
As at 08 December 2023, there are still 57,000 home owners with SIBOR-pegged home loans who have not switched out to alternative loan packages. After 31 December 2024, SIBOR, or Singapore Interbank Offered Rate, will be replaced by SORA, Singapore Overnight Rate Average, and all remaining borrowers will be forced to convert to SORA-pegged loans. …
Is your Home Loan still pegged to High SIBOR rates? Read More »
The average car loans that you see are often calculated with simple interest, which is far higher when calculated for effective interest, the actual interest when compounded. This is due to Simple interest assuming your loan total remains the same throughout the loan period, but in reality, the loan gets smaller every year as you …
Is a 3% interest rate car loan really a 3% interest rate? Read More »
