Volvobrick Supersonic June 29, 2022 Share June 29, 2022 DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local bankshttps://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. ↡ Advertisement 1 1 1 Link to post Share on other sites More sharing options...
13177 Supersonic June 29, 2022 Share June 29, 2022 10 minutes ago, Volvobrick said: DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local bankshttps://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. 2.75%? Higher than HDB loan interest siah. 1 1 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic June 29, 2022 Share June 29, 2022 4 hours ago, Volvobrick said: DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local bankshttps://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. full settlement ... 1 Link to post Share on other sites More sharing options...
DOBIEMKZ Turbocharged June 29, 2022 Share June 29, 2022 9 hours ago, Volvobrick said: DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local bankshttps://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"....😒 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic June 29, 2022 Author Share June 29, 2022 https://www.edgeprop.sg/property-news/four-room-hdb-tiong-bahru-view-sold-1158-mil-buyer-pays-158000-cov Four-room HDB at Tiong Bahru View sold for $1.158 mil; buyer pays $158,000 COV https://www.edgeprop.sg/property-news/jansen-mansions-sold-191-mil-macly-capital-collective-sale Jansen Mansions sold at $19.1 mil to Macly Capital via collective sale https://www.straitstimes.com/business/economy/us-likely-to-avoid-recession-but-rates-need-to-climb-says-fed-official US likely to avoid recession, but rates need to climb, says Fed official https://stackedhomes.com/editorial/ive-lived-at-the-rochester-residences-for-4-years-heres-my-review-of-what-its-like-for-family-living/ https://stackedhomes.com/editorial/what-the-future-of-singapore-real-estate-could-look-like-6-exciting-predictions/ https://www.homeanddecor.com.sg/gallery/house-tour-boho-chic-and-colour-blocking-for-a-family-of-six/ House Tour: Boho chic and colour blocking for a family of six 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic June 29, 2022 Author Share June 29, 2022 Huat ah! 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. 6 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic June 30, 2022 Author Share June 30, 2022 https://www.straitstimes.com/business/property/singapore-home-loan-rates-hit-new-high-of-308-with-latest-move-by-uob Singapore home loan rates hit new high of 3.08% with latest move by UOB https://www.straitstimes.com/business/property/no-need-for-panic-but-exercise-care-as-home-loan-interest-rates-rise No need to panic but exercise care as home loan interest rates rise https://www.edgeprop.sg/property-news/four-bedder-leedon-green-sets-price-high-3049-psf Two-bedder at Leedon Green sets price high of $3,049 psf https://www.edgeprop.sg/property-news/largest-bi-annual-industrial-government-land-sales-igls-program-launched-2020 Largest bi-annual Industrial Government Land Sales (IGLS) programme launched since 2020 https://www.businesstimes.com.sg/real-estate/government-puts-out-largest-supply-of-industrial-land-plots-under-gls-programme-since https://www.99.co/singapore/insider/property-myths-debunked-ocr-gains-thinner-hdb-walls-floor-areas/ Property Myths Debunked: From OCR gains to thinner HDB walls and shrinking floor areas https://sg.finance.yahoo.com/news/living-first-profit-later-7-202923446.html Living First, Profit Later': 7 Lessons This Couple Learnt When Buying a BTO Flat https://stackedhomes.com/editorial/10-shocking-loss-making-condo-transactions-since-2017-the-last-market-bottom/ 6 Link to post Share on other sites More sharing options...
13177 Supersonic June 30, 2022 Share June 30, 2022 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. 1 Link to post Share on other sites More sharing options...
Kyrios Turbocharged June 30, 2022 Share June 30, 2022 Sinkies betrayed by their own "local" banks..foreign banks now offer lower rates..pui..knn 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 1, 2022 Author Share July 1, 2022 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/ 6 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 1, 2022 Author Share July 1, 2022 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. UP UP and away! 4 1 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 1, 2022 Author Share July 1, 2022 6 Link to post Share on other sites More sharing options...
Newbie26 Hypersonic July 2, 2022 Share July 2, 2022 20 hours ago, Mercs said: UP UP and away! SORA 3month July around 0.7% So Fixed rate still better in next 2-3 years? 4 Link to post Share on other sites More sharing options...
Volvobrick Supersonic July 2, 2022 Share July 2, 2022 (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 July 2, 2022 by Volvobrick 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 3, 2022 Author Share July 3, 2022 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. 8 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 3, 2022 Author Share July 3, 2022 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/ 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 3, 2022 Author Share July 3, 2022 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic July 3, 2022 Author Share July 3, 2022 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 ↡ Advertisement 7 Link to post Share on other sites More sharing options...
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