Smart Mortgage Blog
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We are mortgage consultants with years of experience in helping people in making this important financial decision. We work with you or on your behalf to help you with your mortgage application process, providing valuable advice regarding the current rates for your mortgage and your loan approval.
Smart Mortgage Blog
8M ago
Real estate is a beautiful business thriving in Singapore, offering numerous opportunities for both buyers, sellers, investors and renters in the country. However, it is also a hotbed for scam activities and housing scams. Most unsuspecting individuals looking to rent or buy a house in Singapore often get exposed to these scams in the process, losing their money. This fraudulent act can cost victims thousands of dollars. It is important to stay vigilant and safe when looking to rent or buy a house in Singapore.
Here are some tips to avoid common real estate scams in Singapore:
1 ..read more
Smart Mortgage Blog
8M ago
Introduction
Following the recent rise and implementation of housing properties in Singapore, investors are looking out for commercial properties in the country. Singapore might be one of the most expensive places to buy land in the whole of Asia but it is one of the best in terms of land placement and foreign property ownership right. Investors are mostly foreigners and according to the Singapore Land Authority (SLA), foreigners have no restrictions on buying commercial properties in the country. They can acquire these properties by buying through companies or buying strata-title property. So ..read more
Smart Mortgage Blog
9M ago
In response to the recent surge in housing costs and the changing landscape of housing availability, Prime Minister Lee addressed key issues related to Singapore’s Housing and Development Board (HDB) and Built-To-Order (BTO) resale market during his recent National Day rally.
Recognizing the pressing need to adapt to the evolving housing scenario, the Prime Minister emphasized the necessity of introducing a new classification system. This system aims to achieve several critical objectives: maintaining the affordability of homes, promoting a diverse social mix within urban areas, and ensuring f ..read more
Smart Mortgage Blog
9M ago
Introduction
In Singapore today, the Prices of resale Housing and Development Board (HDB) flats increased by 1.5 % and resale transactions fell to hit the lowest in two years in Q2 of 2023.
The Resale Price Index (RPI) for Q2 of 2023 is 176.2, an increase of 1.5 % from the previous quarter, in the data released by HDB on Friday (July 28).
As we all know, it’s 2023 and it is clear how expensive it is to get an HDB resale flat in Singapore. The HDB Resale Price Index saw price growth of 1.5% from 173.6 points in Q1 2023 to 176.2 points in Q2 2023.
Analytics
Due to the increase in HDB resa ..read more
Smart Mortgage Blog
10M ago
When it comes to purchasing a private condominium in Singapore, one of the crucial decisions is whether to opt for a freehold condo or a leasehold condo. While freehold properties often hold an allure due to the perception of indefinite ownership, the reality is more nuanced. In this article, we’ll explore the differences between these two property types and examine whether choosing a freehold property is always the superior option.
Understanding Condo Tenures in Singapore
Before diving into the debate between freehold and leasehold, it’s essential to understand the three primary condo ..read more
Smart Mortgage Blog
11M ago
You may think that the decision to pay off your mortgage early is a no-brainer and that it is always the best option everyone can take at any given time. Who wouldn’t want to be debt-free, save thousands of dollars in interest charges potentially, and have peace of mind? Unfortunately, if we look at the bigger picture, the situation isn’t as straightforward as we think it is, especially in the Singapore real estate market. Going the payoff route has drawbacks, too. There are a series of considerations you should make, so you need to weigh out all of your options. In this article, we will ..read more
Smart Mortgage Blog
1y ago
Introduction
The process of developing real estate continues to be dynamic and complicated, involving elements such as market demand, land availability, financing, construction, management, and design. Two key elements that might impact both the profitability and viability of projects are inflation and construction expenses. Inflation is, by definition, the general upward trend in prices of goods and services over time. Contrarily, construction costs relate to the costs associated with starting and finishing a project. For developers, investors, and consumers in the Singapore real estate marke ..read more
Smart Mortgage Blog
1y ago
Introduction
What makes Singapore the go-to destination for investors & developers in Asia Pacific? It can’t be solely due to its miniature size. This Southeast Asian country has never shied away from showing off its trade stronghold along with prioritizing education, finance & innovation!
Singapore understands that staying competitive means constantly improving so businesses look at them as leaders region-wise due to their out-of-the-box solutions when it comes to infrastructure development while also emphasizing sustainability all along. Why are investors flocking to this islan ..read more
Smart Mortgage Blog
1y ago
Singapore – The Singapore government announced a fresh round of property cooling measures on April 26, 2023, to “promote a sustainable property market” amid rising prices and low-interest rates.
Higher ABSD Rates for all Buyers
The Additional Buyer’s Stamp Duty (ABSD) rate for foreigners buying any residential property was raised from 30% to 60% – the highest increase. The rate for Singapore citizens buying their second residential property was raised from 17% to 20%, and from 25% to 30% for those buying their third and subsequent property. The rate for permanent residents buying their ..read more
Smart Mortgage Blog
1y ago
Introduction:
For many Singaporeans, investing in real estate has become a popular way to increase their wealth. Owning real estate is regarded as a wise investment plan for long-term financial gain as property values continue to increase. Nonetheless, it is crucial for homeowners and investors in real estate to have a thorough understanding of Singapore’s property taxes because they can have a big impact on your financial objectives.
Property taxes are a type of tax imposed on real estate in Singapore, encompassing both residential and commercial properties. The projected gross annual rent yo ..read more