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HDB blocks

Experts say HDB resale prices to remain healthy in 2022, but no double-digit growth anytime soon  

Last year was an exceptional year for the HDB resale market, with prices increasing by 12.5% for the whole of 2021. Just weeks before the year ended, the government announced an increase in the number of BTO flats to be launched in 2022 and 2023. On top of that, the loan-to-value (LTV) limit for HDB…

Peak Residence facade

Peak Residence: Mount Pleasant On The Rise

The privileged few who choose to call new condominium development Peak Residence home will benefit from an array of infrastructure, transport and amenities improvements that have been announced for the Mount Pleasant area. Positioned at 333 Thomson Road, Peak Residence is conveniently located to access the four corners of Singapore. Thomson flows to the CBD…

TDSR limit

Guide to loan-to-value (LTV) limits, based on type and number of housing loan you have

To protect homebuyers from over-borrowing, the Singapore government has set a loan-to-value (LTV) limit for housing loans. In a nutshell, the LTV limit defines the maximum home loan amount HDB or a financial institution can grant you as a percentage of the property’s price or market value (whichever is lower).  The LTV for bank loans…

Congratulations to Henry Lim for new role as Head of Good Class Bungalows (GCB) and Prestige Landed Division and PropNex for crossing 10K agents

2021 saw a record-breaking year of Good Class Bungalows (GCBs) transactions amid a pandemic. Riding high from the booming digital economy, a new wave of GCB buyers consisting of largely tech tycoons, like Chew Shou Zi (TikTok CEO), Chloe Tan (wife of Grab CEO), Tan Min Liang (Razer CEO), and Ian Ang (Secretlab CEO) have…

Caveat emptor: World’s first crypto mortgage firm Milo lets you pledge Bitcoin to secure housing loan

A fintech firm – Milo – has just laid claim to being the world’s 1st crypto mortgage company. Announcing its launch today, it lets both US- and non-US-based customers use the Bitcoin cryptocurrency as collateral to invest (for now) in US real estate. Milo’s clients will be able to pledge their Bitcoin through a third-party…

GLS sites

Jalan Tembusu and Lentor Hills Parcel A sites received highest bids of S$768m and S$586.6m respectively

Two URA sites at Jalan Tembusu and Lentor Hills Road (Parcel A) were the first to close after the recent cooling measures were rolled out on 16 Dec.  The response showed that developers were still keen on replenishing their land bank, but with a more subdued and cautious approach.  Both sites received only 4 to…

cbd getting revamp with sbd incentive scheme

With Shun Tak walking away from High Point, what does it mean for en bloc deals?

Just two weeks after Hong Kong-listed conglomerate Shun Tak Holdings won the S$556.7 million tender for High Point on Dec 9, it pulled out of the purchase without explanation. By doing so, they forfeited their S$1 million tender deposit. Shun Tak would not have been affected by the change in Additional Buyer’s Stamp Duty (ABSD) as…

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