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Category Archives for Property

SOR Falls to Below Zero

Just when you thought that interest rates can’t get any lower, the swap offer rate (SOR), a benchmark interest rate that is commonly used to determine mortgage rates, fell below zero for the first time. The Singapore interbank offered rate (Sibor) is the other benchmark interest rate commonly used in Singapore. The three-month SOR fell to -0.0119% […]


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New HDB at Cheaper Prices

It looks like Minister Khaw is doing all he can to stem the rising HDB resale prices. HDB has offered 3356 new HDB units at prices starting from $137,000 for a three-room, $217,000 for a four-room and $274,000 for a five-room flat. In May’s launch of 4,000 new flats, the starting prices were $166,000, $264,000 […]


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No More Property Expert

It looks like we will no longer see terms like “Property Expert” and “Property Specialist” being used come 1st August 2011. Yesterday, the Council for Estate Agencies (CEA) issued two Practice Guidelines to promote ethical advertising in the real estate agency industry. Other than disallowing misleading headlines and claims, real estate agents will also need […]


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Fact Sheet for Property Loans

MAS has proposed that financial institutions provide consumers with a fact sheet (in a standardized format) when marketing residential property loans to them. The fact sheet will contain the following information: a) tenor of loan, loan amount, lock-in period (if applicable), and whether the FI has the right to vary the interest rate; b) monthly […]


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The $880,000 New HDB Flat That Wasn’t

A flurry of negative feedback has emerged on the social media after it was announced that the priciest-ever new HDB flats went up for sale in Tampines under a Design, Build and Sell Scheme (DBSS). Five-room flats at Centrale 8, built by developer Sim Lian, will cost $880,000. This works out to be almost $750psf. […]


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