Category Archives for Property
Consultation Paper on Residential Property Loan
MAS is proposing some additional measures with regards to the Loan-to-Value (LTV) limits for property loans. As we all know, the government has recently announced the limit of 60% LTV for 2nd residential mortgage loans for individuals and 50% for companies. Financial institutions also grant loans to borrowers that are not for the purchase of, […]
New Measures to Cool Property Market
The government announced yesterday the fourth round of property cooling measures as the previous measures have not really managed to stop the continued increase in prices. The measures take place immediately from today. 1) Increasing the holding period for imposition of Seller’s Stamp Duty (SSD) from the current three years to four years. 2) Raising […]
Singaporean Siblings Under 35 Able to Buy HDB?
A little known practice has come to light after questions were asked over how come Permanent Residents (PR) siblings under the age of 35 could apply to buy HDB resale flats when Singaporeans couldn’t. According to a clarification from HDB, siblings (both citizens and PRs) under age 35 can apply to buy HDB resale flats […]
Property Cooling Measures Working?
In the Sunday Times yesterday, National Development Minister Mah Bow Tan said that the recently introduced cooling measures by the government was working. In the resale Housing Board market, median cash over valuation (COV) payments in October fell to $25,000, from $30,000 in the previous quarter. Unfortunately, even though COV is dropping, the current formula […]
Unsold High End Property
There was an article in today’s Straits Times which reported that as many as 1000 completed high end condominium units were still unsold. Twelve of these developments were completed this year and each had more than ten units still unsold as of last month. Ten developments were in prime areas. Most of these projects were […]