According to recent Fitch ratings, Singapore’s home prices for both public and private sectors appear to fall by 3% per annum. Singapore’s property prices have taken a huge turn from its high housing prices and mortgage financing rates three years ago. Cause of price decline in housing market The decline on housing prices is mainly
Read MoreOver the past six months, Singapore has been experiencing a decline in currency. As against the US dollar, the Singapore dollar dropped more than 7% (valued at 1.3570) as against the US dollar. This is its lowest point since 2010. Even in the Forex markets, Singapore appears to take a hit than most major currencies.
Read MoreHome prices have dropped down substantially since the government imposed measures to limit debt servicing costs and decrease mortgage financing defaults, according to a report by Bloomberg. Loan-to-value ratios above 80% for one have decreased substantially – from 17% in 2009, to only 5% in the last quarter of 2014. However, these recent government breakthroughs
Read MoreLooking around for the best bank that will offer you a good deal when availing of a housing loan is not only practical, it’s also a prudent move. Investments as big as this ought to be decided carefully, especially since there are several options and arrangements you have to understand. But what should really matter
Read MoreThe thought of having your own business is quite stimulating. It does not require reporting to a supervisor, nor working for at least eight hours a day. A business idea can easily be turned into an enterprise as long as it offers something recognisable, innovative or refreshing to the senses. However, as amazing as it
Read MoreOn Being a Responsible Borrower Thinking of borrowing money and taking out a loan in Singapore? Before doing so, ask yourself these 5 simple questions: “Do I really need to borrow?” “How much can I afford?” “When and how much should I borrow?” “What kind of lender is right for me?” “Which loan is best
Read MoreSo, here you are in Singapore and you have thought of starting up a business that you eventually hope will flourish. Starting any business can be very challenging at first, especially if you are doing it for the first time. However, given the right frame of mind, a sound business plan, and a stable financial
Read MoreWhen it’s all sunny outside all you can think of is a nice deal of basking under the sun and some long stretches of beach holidays. For some, it’s also time for scouring their homes, as certainly dusts would flock to the walls and furniture, given that sunny days are the complete opposite of winter.
Read MoreUnderstanding mortgage loan rates are crucial for home-buyers in search for the most favourable packages. In applying for a mortgage loan, home-buyers will have to pick between fixed rate and floating rate mortgages. The main difference between the two is mostly determined by the stability or variability of the interest rate you have to pay.
Read MoreThe Singaporean property market is not without quandaries. The government has implemented a series of cooling measures to patch things up and appease the anxiety of its nation’s property owners and renters. The regulations imposed by the URA, MND, IRAS, and MAS are seen as somewhat effective in restraining the provisional predicaments in the countries’
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