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...
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Living on the City’s Edge Waterfront@Dakota is just within a stone’s throw to the Dakota MRT Station and located at the edge of the city, close to everywhere. Close to the City. Just minutes away from all the hustle and bustle of city life at the Central Business District of Raffles Place & the new Downtown. Close to Sports & Recreation Venues. In close proximity to the new multi-million...
Last Wednesday, the Institute of Real Estate Studies at the National University of Singapore (NUS) announced that it had formulated an index called the Singapore Residential Price Index (SRPI). It tracks prices of completed private non-landed homes month on month and will provide owners, investors, banks and property watchers with another source of price data. Property experts have commented that it will...
What a difference two new MRT stations make. For commuters getting off at City Hall station, their long and winding walk to Suntec City, Marina Square and Millenia Walk will soon be over. The new Esplanade and Promenade MRT stations are at these malls' doorsteps. These stations are among the 11 on the Circle Line that will open on April 17. 'It's a 10-minute walk now from the nearest MRT station at...
Moves to clamp down on illegal subletting of HDB flats should not penalise only the owner, property agents told The Sunday Times. Tenants and rogue property agents who close these deals should also be held responsible, they suggested. They were responding to a case that made the headlines two weeks ago in which the HDB repossessed three flats linked to a man, Mr Poh Boon Kay, who also owned five private...
Of the many people turning to their MPs for help when they run into trouble paying for their flats, none is a first-time owner living in the home he bought straight from the Housing Board. Instead, they tend to be people who have bought and sold HDB flats more than once in a bid to make a quick buck. Prime Minister Lee Hsien Loong highlighted this point at a dialogue yesterday, as he expressed grave...
Any newly arrived expat in Singapore invariably finds himself corralled into living in a condo. The usual chain of events: You move into short-term serviced accommodation, phone a property agent to help you find longer-term lodgings, and usually within a month or so are settled into a suitable home. The downside to this - which dawned on me pretty soon after we moved into our present flat - is that...
They had names like Goh's Homestay, Lee Boarding House and San Wah Hotel, and helped make Bencoolen Street a haven for backpackers in the 1970s and 1980s. But they have all closed because of a clampdown by the Urban Redevelopment Authority (URA). The rule states that boarding house permits will be given only to operators that occupy the entire building. Today, only one cheap-stay place - Hawaii Hostel -...
The government is exploring how it can further tie a person's CPF to the purchase and sale of an HDB flat. The aim is to strengthen the message that property is an asset for one's old age. Prime Minister Lee Hsien Loong said this at a forum organised by REACH, the government's feedback unit. It is a growing trend that has got authorities concerned: Home-owners selling HDB flats to pay off debts, only...
THE property market may be hot for new launches, but the fervour has not spilled over to collective sales. BT understands that two residential sites put up for sale in December last year are unlikely to find new owners soon. The tender for Mayfair Gardens at Rifle Range Road closed in January, but no winner emerged and the collective sale agreement (CSA) has lapsed. Nearby, Green Lodge at Toh Tuck Road...