Sg Homechannel

30/09/2022

https://www.mnd.gov.sg/newsroom/speeches/view/joint-mas-mnd-hdb-press-release-measures-to-promote-sustainable-conditions-in-the-property-market-by-ensuring-prudent-borrowing-and-moderating-demand

With the rising interest rates, it is important to exercise prudence.

How does the latest cooling measures affect you?

⭐️Starts today, 30th September 2022 based on option to purchase dated from today onwards.

*For Private Home Purchase*
🔺Raise by 0.5%-point the medium-term interest rate floor used to compute the Total Debt Servicing Ratio (TDSR). Increased from 3.5% computation to 4%.
🔺The above also applies to new mortgage equity withdrawal loan applications.
✅Borrowers refinancing owner-occupied property loans will not be affected by this change!
🔺

*For HDB Home Purchase*
🔺Raise by 0.5%-point the medium-term interest rate floor used to compute the Mortgage Servicing Ratio (MSR). Increased from 2.5% computation to 3%. This means that housing loans granted by HDB, HDB will introduce an interest rate floor of 3% for computing the eligible loan amount.
🔺Loan-to-Value (LTV) limit for HDB housing loans from 85% to 80%. But if you are taking a bank loan, it will remain as 75% Loan-To-Value
🔺A wait-out period of 15 months for private residential property owners (PPOs) and ex-PPOs[1] to buy a non-subsidised HDB resale flat. The wait-out period will not apply to seniors aged 55 and above who are moving from their private property to a 4-room or smaller resale flat. If aged 55 and above, cannot buy 5-room or bigger resale flats, have to wait out after the 15 months period.

*For Private Non-Residential Property Purchase*
🔺Raise by 0.5%-point the medium-term interest rate floor used to compute the Total Debt Servicing Ratio (TDSR). Increased from 4.5% computation to 5%.

Let’s chat more if you wish to understand more about the cooling measures and how it affects you.

Winnie Tan
Most Trusted Realtors
R002211C
94515145

Ministry of National Development

12/09/2022

As a typical Singaporean, our parents have cultivated us to be prudent and saving money has become a part of our Asian culture.

Did you know that there is more than 1 method of savings? Apart from placing your savings within a bank account, where it “shrinks” in value over time due to INFLATION, some savvy individuals have adopted the ASSET SAVINGS PLAN, where their savings hedges against INFLATION and often it even exceeds the INFLATION appreciation!

Eg.
Placing $250,000 into a Bank’s fixed deposit account, offers you 2.6% interests per annum. That works out to be $6,500 interests per year.

But placing $250,000 into an Asset Savings Plan, and if you get a 75% loan on a $1m property, assuming that the property doesn’t appreciate in value, the rental itself could yield you $3000 monthly rent x 12 months = $36,000 per year.

Bank Savings $6,500p.a vs Asset Savings $36,000p.a, which one do you prefer to receive?

Let’s chat more on how you can get an ASSET SAVINGS PLAN.

Winnie Tan
Most Trusted Realtors
R002211C
94515145

31/08/2022

Thanks you for your trust ! Client engaged multiple agent but failed to get an offer . But we manage to get an offer at their expected price without any viewings! PTL !

26/08/2022

Whenever it comes to buying a property, I realized that everyone always have the same concerns…

They will ask things like, “Am I buying at the wrong entry price?”, “Are we choosing a good buy compared to the surrounding projects?”, “Is this property going to have the potential for growth?” and even “Will this property be impacted by the URA’s Masterplan on Future redevelopment?”

You are not alone… And we have the answers for you with the use of our most cutting edge real estate analytical tool!

Connect with me and let me share with you the numbers, statistics and data, so that you can make an informed decision on your next property purchase!

Winnie Tan
Most Trusted Realtors
R002211C
94515145

25/07/2022

Amidst market sentiments where rising interest rates have place doubts on some of us on whether it’s a good timing to take action and take advantage of this opportunity, others have gone ahead to proceed to purchase AMO Residences in the heart of heartland Ang Mo Kio at a significant record average price of $22xx psf!

With rising construction costs due to the inflation hikes and constant rising of land bid prices, knowing that prices of private non-landed homes will continue to soar in the future! With the successful launch of AMO Residences, we reckon that the next nearby launch, Lentor Modern is going to scale new heights with confidence!

To be able to sell 97% of the units on 1st day of launch, is remarkably outstanding, which also seems to be simply a repeat of 2017 when the same opportunity lurk!

Are you seeing danger or opportunity? Hit me up and let’s has an open discussion on your perspective while I show you mine!

Sg homechannel
Most Trusted Realtors
R002211C
94515145

22/07/2022

Glad to assist this home owner to sell off her house at record breaking price within this area with cov and to upgrade to a bigger house without cov ! Thank you seller for the trust and we did it ! PTL ! Amen !

05/07/2022

Hasn’t it been scary to hear that the banks are expecting bank mortgage interest rates to hit 4% because the US Fed Rates have been increasing lately.

What you didn’t know of:

1. The US Feds are trying to curb inflation by increasing interest rates just enough without causing a recession.

2. The US economy has recovered and is now considered healthy enough to take the shocks of increasing interest rates.

3. Based on the last round of hike of interest rates in year 2015, when the US Economy was experiencing economic recovery, it took 5 years to hit its peak. Which in this chart, we can see that at that point SIBOR was max at 2%. With bank spreads, it was also hovering about 2.8% averagely.

4. Eventually, after increasing the Fed interest rates, it also creates more “debts” for the Feds to clear. Which led to the 4th round of QE in year 2020, which instigated the Feds to reduce the Fed rates thereafter.

5. Most importantly, in Singapore, we are blessed that our banks are now offering floating loan packages with the SORA rates, which is significantly lower and more stable than SOR and Sibor as show in the charts above.

6. Well, the prediction of the 4% interest rates that are showing on the news are referring to the fixed rates packages which are a little on the higher spectrum at the moment. The current floating packages could be as low as 1.23% versus fixed rates of 2.65%.

7. With such great disparity in percentage between the fixed and floating rate packages, I would advise to go with the floating package since it takes a long time to catch up.

8. If you are sitting on the fence, undecided… I urge you to take action and buy a property today, so as to enjoy the lower interest rates of today’s value!

Winnie Tan
Most Trusted Realtors
R002211C
94515145

23/06/2022

Thank you for the trust ! Manage to sell it at seller expectation price and we manage to transit without seller facing the issue of renting during this transition period ! PTL
homechannel
# winnietan

31/05/2022

Hey, have you heard about the latest implementation on ABSD for trust deeds?

I have created a short video clip to explain it clearly to you.

If you are intending to in the future or already about to do so… in short:

1) 35% ABSD applies for a purchase or transfer

2) You can apply for a refund within 6 months from date of ex*****on of the trust deed, if you do the following:

- Your beneficiary must be a person and with a valid birth certificate or identification.

- Make sure the beneficiary owns the property now and not in the future!

- Lastly, do not put in any conditions that can suggest that the beneficiary of the trust deed can be revoked or replaced.

Hope this clears your doubts on the changes! If you would like to seek further clarifications, feel free to chat with me today!

Winnie Tan
Most Trusted Realtors
Kelvin Thong Division
PropNex Realty Pte Ltd

21/03/2022

Do you know what INFLATION does to your HARD EARNED MONEY?

Is our money shrinking due to the massive inflation that is coming on in the upcoming decade?

How can we weather ourselves against INFLATION?

Are you protected against INFLATION now, or intending to take advantage of the market situation and further protect yourself?

Connect with me and let me show you the statistics that I have been reading up on, so that you will be in a better position for your future! Weather proof yourself against the INFLATION Storm of the coming future!

Sg homechannel
94515145
Most Trusted Realtors

03/10/2021

What is the Market Outlook for Singapore’s residential prices in the coming year ahead?

I am sure you have heard from your friends or learned from the news about the 2 land bids in Ang Mo Kio and Lentor, which were at $1,171psf and $1,204psd respectively! And that translates to an average sale price of $2000psf and $2100psf in the Outside of Central Region.

And the recent 2 other land bids in One North have also a high interests of 10 bidders each, @ $1210psf and $1245psf respectively, which also translates launch prices to be $2100psf average.

The only plot that seemed out of place was the one in Marina View recently, which has a requirement of developing a hotel and some 900+ residential units. The only reason why a plot so big concluded with only 1 bidder is because the construction cost was massive at $2.6 Billion and this is an estimation with the recent rise in construction cost of 60-70%, which kept many developers away. And not forgetting the recent increase in development charges!

The only comforting news is that all of the above launches will only launch next year. Here is a window of opportunity to grab a price gap in the market by entering at an old price tag.

We have all seen the recent 2017 property cycle caused by the 3 years of Enbloc cycle, and those who purchased post launches during those times, have gained on their investments. I believe that 2021 is yet another start of the Enbloc cycle not to be missed.

Let’s connect and let me show you our very own KTD Dynamics presentation to help you make informed decisions based on statistics, cycles and trends!

Winnie Tan
Your Trusted Realtors Opinion
PropNex Kelvin Thong Division
94515145

23/06/2021

Thanks everyone for your birthday greetings and blessing , and of course my favourite toy of all times !
Glad to help my buyer hunt down this unit that best fulfilled their own stay criteria and we managed to negotiate for the best price amidst this challenging time when units simply flew off the shelves and some agts simply don’t co broke . This is the best birthday gift . PTL . Thanks seller turned buyer for your absolute trust in me and you have been patient , trusting and open in our advisory journey . End up , we sold high and we bought Low !
God is good ! Amen !