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Turbocharged
9 hours ago, Volvobrick said:

DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local banks
https://www.businesstimes.com.sg/banking-finance/dbs-raises-home-loan-rates-to-275-per-annum-highest-among-local-banks

 

Time to repay mortgage in full liao! Higher than CPF interest rates. 

I thought DBS and POSB always said they are "Neighbours first, bankers second"....😒

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Hypersonic
Hypersonic

Huat ah! :D

 

https://sbr.com.sg/residential-property/news/chart-day-sg-53rd-most-affordable-major-housing-market

Chart of the day: SG is 53rd most affordable major housing market

(Singapore has a housing affordability median of 5.8, or severely unaffordable)

 

The Lion City sits in the lower half of Demographia's International Housing Affordability rankings, as the 53rd most affordable housing market out of the 92 surveyed.

Singapore has a housing affordability median of 5.8. A median of 5.1 and above is severely unaffordable, while a median of 3.0 and under is affordable.

"Singapore’s median multiple rose from 4.6 in 2019, to a severely unaffordable 5.8 in 2021, reflecting the impacts of the pandemic shock," Demographia's report read. 

 

53rd-least-affordable.png

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Hypersonic
Supersonic

Home loan rates hit new high of 3.08%? Sure or not? So now taking hdb loan is the best if buying hdb? Those who buy private then no choice, can only take bank loan. [sweatdrop]

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Hypersonic

https://www.channelnewsasia.com/singapore/prices-hdb-resale-flats-private-homes-rise-faster-second-quarter-flash-estimates-2784616

Prices of HDB resale flats, private homes rise faster in second quarter: Flash estimates

https://www.straitstimes.com/business/property/spore-private-property-prices-jump-32-in-q2-strong-demand-for-new-condo-launches

S'pore private property prices jump 3.2% in Q2; strong demand for new condo launches

https://www.businesstimes.com.sg/real-estate/singapore-q2-private-home-prices-up-32-on-6-jump-in-city-fringe-condos-ura

https://www.businesstimes.com.sg/real-estate/hdb-resale-prices-climb-26-in-q2-flash-estimates

 

https://sg.news.yahoo.com/singapores-property-boom-rolls-on-as-home-prices-accelerate-025210805.html

Singapore’s property boom rolls on as home prices accelerate

 

https://sbr.com.sg/commercial-property/news/sg-most-sustainable-place-real-estate-in-apac

SG is the most sustainable place for real estate in APAC

https://sbr.com.sg/residential-property/news/private-home-prices-32-in-q2-ura

https://sbr.com.sg/residential-property/news/hdb-resale-price-index-rises-26-qoq-in-q2

 

https://www.edgeprop.sg/property-news/private-residential-property-index-grow-32-q-o-q-q2-ura

URA: Private residential property index grow by 3.2% q-o-q 2Q

https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-june-14-june-21-done-deals

Residential transactions with contracts dated June 14 to June 21 [DONE DEALS]

https://www.edgeprop.sg/property-news/where-are-institutional-investors-putting-their-money

Where are institutional investors putting their money?

https://www.edgeprop.sg/property-news/lawrence-leow’s-crescendas-eco-buys-conservation-bungalow-759-mountbatten-road-29-mil

Lawrence Leow’s Crescendas Eco buys conservation bungalow at 759 Mountbatten Road for $29 mil

https://www.edgeprop.sg/property-news/liquidators-trying-seize-properties-owned-three-arrows-capital-co-founders-what-does-co-founder-zhu

Liquidators trying to seize properties owned by Three Arrows Capital co-founders. What does co-founder Zhu Su own?

https://www.edgeprop.sg/property-news/unit-oleanas-residence-reaps-19-mil-profit

Unit at Oleanas Residence reaps $1.9 mil profit

https://www.edgeprop.sg/property-news/one-bedroom-loft-apartment-devonshire-residences-selling-145-mil

One-bedroom loft apartment at Devonshire Residences selling for $1.45 mil

https://www.edgeprop.sg/property-news/bhl-factories-mandai-estate-sold-chiu-teng-group-130-million-81-above-guide-price

BHL factories in Mandai Estate sold to Chiu Teng Group for $130 million, 81% above guide price last year

 

https://www.99.co/singapore/insider/why-take-fixed-rate-home-loan-mortgage/

Here’s why you should take a fixed rate home loan

https://sg.finance.yahoo.com/news/dbs-home-loan-review-fixed-022926168.html

DBS Home Loan Review: Fixed vs Floating, SORA, BUC Packages and More (2022)

 

https://stackedhomes.com/editorial/la-fiesta-vs-jewel-buangkok-which-is-better-for-family-stay-with-capital-appreciation-in-5-10-years/

https://stackedhomes.com/editorial/a-freehold-3-bedroom-unit-for-880k-its-possible-if-you-can-live-in-a-space-under-700-sqft-here-are-5/

https://stackedhomes.com/editorial/5-exquisitely-designed-spacious-condo-units-above-2000-sqft/

 

 

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Hypersonic
On 6/30/2022 at 10:35 PM, 13177 said:

Home loan rates hit new high of 3.08%? Sure or not? So now taking hdb loan is the best if buying hdb? Those who buy private then no choice, can only take bank loan. [sweatdrop]

 

UP UP and away! :D

 

1656600755861.png

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20 hours ago, Mercs said:

 

UP UP and away! :D

 

1656600755861.png

SORA 3month July around 0.7%

So Fixed rate still better in next 2-3 years?

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(edited)
47 minutes ago, Newbie26 said:

SORA 3month July around 0.7%

So Fixed rate still better in next 2-3 years?

3 month Sora past few months moved by 0.2 per month. And with the US interest jumping by 0.5-0.75 over the next several months Fed mtg, I won't be surprised Sora hits above 3% early next year. 

My refinancing timing also bad (due about now). Bank just offered Sora + spread with 2 year lock in. Missed the less than 2% fixed. So probably gonna repay most of it in a couple of months.

Edited by Volvobrick
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Hypersonic
On 7/2/2022 at 6:57 PM, Newbie26 said:

SORA 3month July around 0.7%

So Fixed rate still better in next 2-3 years?

 

Diff strokes diff folks on what is 'better'

Fixed definitely a good option for peace of mind 🙂

 

https://www.cnbc.com/2022/07/01/fed-could-cut-interest-rates-in-2023-analysts-say-after-rate-hikes-this-year.html

Forget rate hikes, these analysts are predicting interest rate cuts next year

 

- There is a very high chance the Fed ends up cutting rate towards ... the end of next year,” 

- The comments come amid growing concerns that both the U.S. and euro zone economies could be facing a recession.

- The Atlanta Fed’s GDPNow tracker now points to a 1% contraction for the second quarter, following a 1.6% slide in GDP in the first three months of the year.

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Hypersonic
On 6/7/2022 at 2:18 AM, Mercs said:

older folks may be content to just live out the remaining years, not overly concern with lease decay or future value. A simple solution for such who can't afford or do not wish to top up - have an option to allow one to one replace with no top up :(eg 49yr old change to new but lease still at balance 50 instead of 99), like the lease buyback scheme.

 

 

https://www.straitstimes.com/singapore/housing/new-rehousing-options-for-owners-of-sers-flats-starting-with-those-in-ang-mo-kio

New rehousing options for owners of Sers flats, starting with those in Ang Mo Kio

https://www.straitstimes.com/singapore/housing/sers-flat-owners-in-ang-mo-kio-welcome-new-50-year-lease-option-for-replacement-units

Sers flat owners in Ang Mo Kio welcome new 50-year lease option for replacement units

https://www.99.co/singapore/insider/new-housing-options-sers/

 

 

 

 

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Hypersonic

https://www.straitstimes.com/business/invest/elderly-man-who-lived-in-hdb-rental-flat-has-1m-savings

Elderly man who lived in HDB rental flat has $1m savings

 

https://www.asiaone.com/singapore/tenant-claims-landlord-locked-her-sengkang-flat-after-asking-her-move-out

Tenant claims landlord locked her in Sengkang flat after asking her to move out

 

 

 

 

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