Sometimes, you have no choice but to delay a rent payment. Your employer pays late, your client skipped town, or the Sheng Tai Gundam sale is only till the end of the week. Before your anger your landlord and trigger an eviction, here are some steps to take: Step 1: Don’t get rash when looking…
Read our latest articles on buying or renting a HDB or condo in Singapore, interior design, renovation ideas, finance, property news and neighbourhood guides.
Property Jargon of the Day: Temporary Occupancy Permit (TOP)
Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’re looking at the Temporary Occupancy Permit (TOP): What is a Temporary Occupancy Permit (TOP)? For a building to be declared fit and ready for habitation, it needs to obtain the Certificate of Statutory Completion (CSC) from the authorities. However, most buyers…
Property Jargon of the Day: Mortgage Reducing Term Assurance (MRTA)
Every day, 99.co takes a piece of property jargon and demystifies. Today, we’re looking at Mortgage Reducing Term Assurance (MRTA), which is a real mouthful and terrible for SEO. But good for your home security: What is Mortgage Reducing Term Assurance (MRTA)? You already know that there’s fire insurance and home content insurance. MRTA is…
Commercial Property Investment Rose 72% in Q1 2019; Here’s Why:
Singapore’s commercial property sector saw a 72 per cent jump to $2.6 billion, in Q1 2019. But local investors saw it coming as early as last year: Why the big interest in commercial properties? Singapore’s commercial property sector already looked upbeat last year. For example, by around Q2 2018, the decline in industrial rents finally…
Property Agent of the Day: Buyer’s Agent / Seller’s Agent
Every day, 99.co picks a piece of property jargon and demystifies it. Today, we’re looking at the buyer’s, or seller’s agent: Why are there two property agents involved? In some other countries, it’s possible for one property agent to represent both the seller and the buyer. This is known as dual agency. However, dual agency…
5 Often Overlooked Budgeting Steps When Renting in Singapore
As the world’s most expensive city for expatriates, you may be expecting the worst when it comes to rental costs. Well don’t worry, because…actually, just do worry because it’s crazy expensive. Here are some ways to keep things in check: First, what does it cost to rent in Singapore? Since this is such a common…
Property Jargon of the Day: Loan Tenure
Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’re looking at loan tenures: What is the loan tenure? The loan tenure is the amount of time you’re given to repay a loan. There’s a loan tenure for almost any kind of loan, barring those with variable repayments (e.g. credit cards)….
Pros and Cons of Cash-Out Refinancing in Singapore
There are many advantages to owning a private property, but one of the biggest is cash-out refinancing. Ever wanted to borrow half a million dollars with a rock-bottom rate? Read on: What’s cash-out refinancing? It’s one dirty secret as to why rich people get richer, and poor people live off economy rice despite having fully…
What Your Mortgage Bankers “Forgot” to Tell You About Home Loans
Most of the time, our eyes are glazed over when the mortgage banker is talking. There’s so many financial terms, and so much blather, that we just give up and ask “look, how much per month”, and willingly get slaughtered. Here’s what they’re not telling you though: 1. The “low interest rates” are usually just…
Property Jargon of the Day: Voluntary Early Redevelopment Scheme (VERS)
Every day, 99.co picks a piece of property jargon and demystifies it. Today, we’re looking at the Voluntary Early Redevelopment Scheme (VERS), also known as Value Ending Real Soon: What is the Voluntary Early Redevelopment Scheme (VERS)? VERS is a solution to the issue of expiring HDB leases. It was announced in August 2018, and…
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