Homeowners are left in suspense following the highly anticipated Fed meeting last week, which, despite no changes in interest rates and the promising potential for 3 rate cuts later in the year, still continued to emphasize the challenge of high inflation. We all know that the Federal Reserve’s decisions on interest rates will have a strong impact on interest rates in Singapore, especially for homeowners. Close to 90% of Singaporeans own their own homes, so the Fed’s decisions affect almost everyone here. Over time, you’ll often hear statements like ‘Fed rate equals Singapore’s decision’ or ..read more

The recent unveiling of Budget 2024 has brought forth a range of initiatives aimed at addressing key challenges faced by households and businesses. Among the various measures introduced, one key highlight is the introduction of rental vouchers tailored specifically for couples and families, which aims to provide financial relief for their interim housing while awaiting the completion of their new HDB flats. In this article, we will delve into the details of the Budget 2024 rental vouchers and understand its impacts on couples and the property market. What has been announced in Budget 2024? Ma ..read more

The recent Budget 2024 announcement made on 16 February 2024 made headlines for the many announcements and changes made to the current schemes. Property was one of the main aspects mentioned in DPM Lawrence Wong’s speech. So, how will the recent changes affect you? In this article, we will delve deeper into the impacts of the changes on you, as homeowners. What is the aim of Budget 2024? If you didn’t know, the Singapore Budget is announced every financial year to address any problems that Singapore may be facing and reorganise themselves to prepare for the year ahead. With the vision “Move F ..read more

Selling a home is not a quick and easy task. Realistically speaking, it can take approximately four months or more to do so. So what happens if you find your dream home at a reasonable price, but are unable to complete the sale of your existing property in time? Here’s where bridging loans help! In this article, we’ll take you through the process of getting a bridge loan, as well as answer some of your most asked questions. What are Bridging Loans? Bridging loans are temporary short-term loans that help you “bridge” the gap between the downpayment for your new property and the sale proceeds ..read more

What happens to HDB flats left unsold in previous launches? Do they sit empty? If you’re looking to ditch the years long BTO wait and secure your dream home faster, the HDB Sale of Balance Flats (SBF) might just be your key! In this article, we’ll be taking you through the process of how you can apply for one and how you can boost your chances of securing a SBF flat. What is the Sale of Balance Flats (SBF) and why do they exist? Imagine leftover delicious cookies from a baking spree – those are essentially SBF flats! The Sale of Balance Flats (SBF) launches allow aspiring homeowners to apply ..read more

As we step into 2024, navigating the landscape of mortgage planning in Singapore is more crucial than ever. With the global economy witnessing significant shifts, understanding these changes and their impact on mortgage rates is vital for anyone looking to secure a home loan or refinance their property.  Understanding 2024 Mortgage Rate Trends The mortgage rate environment in Singapore this year is influenced heavily by global economic policies and market conditions. A key trend is the transition from SIBOR (Singapore Interbank Offered Rate) to SORA (Singapore Overnight Rate Average), ma ..read more

Singapore’s property market has long been a beacon of stability and growth, attracting investors from around the globe. In this dynamic landscape, the key to maximizing your investment lies in understanding the market trends and employing effective strategies tailored to this unique environment. Whether you’re a seasoned investor or new to the property scene, this guide will provide you with insights and strategies to navigate the Singapore property market effectively. Singapore’s property market is characterized by its resilience and potential for growth. In recent years, we’ve seen a signif ..read more

Singapore’s property market is a dynamic and evolving landscape, a hub of opportunities for both homebuyers and investors. As we enter 2024, understanding these changes become crucial. This post aims to guide you through the key trends, opportunities, and considerations in the Singapore property market this year. Current Trends and Predictions for 2024 The private residential market in Singapore is a beacon of stability in the dynamic world of real estate. In 2024, we’re witnessing a unique blend of steady growth and measured optimism. Property prices are increasing, yet at a sustainable pace ..read more

With the prevalence of online portals dedicated to facilitating property transactions, it is now common to hear of a friend or a relative who have sold their property without engaging a property agent. The availability and transparency of data online regarding property prices, condition and accessibility make it all the more attractive to save on the costs of commission and manage the process of buying and selling of properties yourself. So, should you DIY or engage a property agent? But what are the risks involved in doing so? Will there be legal repercussions that would cost you more t ..read more

Securing the Best Financing Options Why should I engage the services of a mortgage advisor in Singapore when I can easily apply for housing loans myself? Imagine this: You have just placed a deposit for a property which is a huge investment (Possibly the biggest type of loan in your lifetime) but you realized you have miscalculated your budget and financing. What a horror! This is the worst nightmare that can ever happen. You could have avoided such mishaps from happening if you had engaged a Redbrick Mortgage Advisor to assist and walk you through the planning of numbers and shortlisting the ..read more