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Singapore Property Kaki

A place for sharing property, investments and financial management ideas among kakis

Weekly Kopi Talk (13/1/18 – 19/1/18)

15th Jan 2018 – Home loan gets pricier as banks hike interest rates again SPK: A 30 basis points increase for a S$1 mil loan would translate to an extra S$144 every month in mortgage repayment. For a household that earns S$12,000 a month, the increase is only 1.2% of their combine income. When interest rate approaches 3.5%, it is time to be cautious as banks may start to increase their stress-testing […]

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MAS puts more scrutiny on bank loans for property development. Is the party ending soon?

Just a week ago, SPK mentioned 2 possible ‘Black Swan’ events that might hinder or derail the property market recovery – 1) Tightening measures from the government and 2) More stringent loan approval criteria from banks. Extract from blog post – “Thumbs up or down for property market in 2018?” Coincidentally, it was reported in The Business Times this week that the Monetary Authority of Singapore is putting more scrutiny […]

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Fourth time unlucky for Pearl Bank owners?

Looks like it’s a fourth time unlucky for Pearl Bank owners. EdgeProp reported that public tender for Pearl Bank Apartments closed on 19th December and the collective sale committee had instructed marketing agent – Colliers International to enter into private treaty negotiations with interested parties. Owners were asking for S$728 mil, translating to around S$S$1,505 psf ppr after adding in a lease upgrading premium of S$195 mil. According to the […]

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