POSB's HDB home loans can now be secured within an hour, the bank said yesterday, in a move to improve efficiency and convenience for its customers. With the 60-minute Promise, customers who apply for HDB home loans can complete and return the required documents via email or fax between 9am and 3pm from Monday to Friday. When the application is received and deemed satisfactory, the customer will receive...
Finance
TWO key interest rates that determine how much your home loan costs are near their all-time lows but borrowers taking out new mortgages may not be better off. Borrowers usually benefit when these measures drop but this time banks are responding to the riskier economic climate and surging property market by charging more for loans. The most well-known of these measures - the three-month Singapore...
Property buyers are in a sweet spot, following the tightening of the Singapore dollar which attracts capital inflows causing interest rates to fall. The key three-month Sibor (Singapore interbank offered rate) fell to 0.64583 per cent yesterday from 0.65625 per cent on Wednesday after the Monetary Authority of Singapore (MAS) appreciated the local unit to stem inflationary pressures. The government has...
TWO developers have tied up with financial institutions to offer low interest rates to buyers of certain residential projects. Hong Leong Finance is offering rates of as low as 0.98 per cent a year on loans to buyers of its sister firm City Developments' (CDL) The Residences at W Singapore at Sentosa Cove. For the Waterbank at Dakota condominium, United Overseas Bank (UOB) is offering an enticing deal:...
HONG Leong Finance (HLF) is offering buyers of The Residences at W Singapore Sentosa Cove an exclusive financing package, with rates from 0.98 per cent a year. The 228-unit luxury project is being developed by City Developments Ltd (CDL), another Hong Leong Group unit. HLF said that its home loan offerings feature some of the best interest rates in town. 'With an active property market, customers are no...
Singapore's big lenders are aggressively lowering rates to beat off competition from each other and smaller finance houses in a hot home loans market. Financiers had the lowest interest rates at the start of the year, but three months on, banks have also started dropping prices. The Singapore property market is heating up, helping to propel the home loans space. Competition is stiff among major local...
Mass market home prices have surpassed the previous 2008 peak. But because home loan interest rates remain at an all-time low, these homes are still seen as affordable, property consultancy DTZ said. Its head of South-east Asia research, Ms Chua Chor Hoon, said its mass market affordability index shows that such homes at the end of the first quarter of this year were more affordable, compared with the...
Where do you see this? In finance articles and websites relating to home loans. What does it mean? It is prudent to review your home loan once in a while by checking on the available loan packages at your existing bank and those of other lenders. You refinance when you switch to a new home loan either with your existing bank or another bank. And when you switch to a new loan with lower interest rates...
Short-term trading profits in real estate are not high, while the risks are considerable. DENNIS NG shows you the numbers IT'S tough enough figuring out which housing loan package is the best for you. But how will the latest changes in property financing rules affect your property purchase? The recent curbs on the property market include measures such as the scrapping of interest-only loans, capping...
SINGAPORE'S largest financial company Hong Leong Finance (HLF) will be offering deposit and loan packages exclusively at its City Square Mall branch. This is in tandem with the mall's official opening this weekend. The branch will be open from 9am to 4pm today and tomorrow. HLF will be extending competitive home loan rates for nearby condominium City Square Residences, as well as private home owners....