Tag: HDB loan

covid-19 hdb flat buyer seller owners resale bto questions

Covid-19: HDB’s answers for Flat Buyers, Sellers and Owners [both Resale and BTO]

HDB owners are, to varying extents, affected by the circuit breaker measures in view of the Covid-19 outbreak. The Housing & Development Board (HDB) has put up the below information to answer any questions that flat buyers, sellers and owners might have, including matters relating to resale transactions, the Home Improvement Programme (HIP), HDB loans…

hdb home loan rate cpf interest

Is it wrong to peg HDB Home Loan Rate to CPF Interest Rate?

If there’s one thing Singaporeans don’t complain enough about paying more money for, it’s the interest for their CPF-pegged HDB mortgage. Most first-time homeowners, especially BTO applicants, choose to take the HDB Concessionary Loan over bank loans, despite the fact that the HDB home loan rate has now been higher than the average bank home…

New rules

The Winners and Losers of the New CPF Rules

With new CPF rules in place for buying property, who gains and who loses? Find out if it’s great for you (or not): What are the new CPF rules for buying property? You can find more details in our previous article. In summary however: You can still use CPF to buy properties that have at…

HDB flats in an open field

Don’t Rush to Set Aside $20k in your CPF when Buying a Flat

New rules permit you to set aside up to $20,000 in your CPF Ordinary Account (CPF OA), when buying a house. This appeals to the financially cautious, as they feel they’re better prepared for emergencies. But there are reasons this shouldn’t be an “auto-select”, even for the prudent: Why set aside $20,000? When applying for…

property myths Singaporeans believe

5 property myths Singaporeans wholeheartedly believe in

Property myths are more dangerous than simply being misinformed. It’s easy to correct misinformation (i.e. being told the wrong thing), but myths are self-confirming beliefs and mindsets that are hard to change. For example, when you find out that “walking distance” to the MRT actually pushes the limits of what your legs are capable of,…

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