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Property Finance

Property Finance | 24 March

Hong Leong Finance targets asset-rich retirees

Finance firm Hong Leong Finance (HLF) starts offering a programme today that gives retirees cash in the form of a term loan.The scheme could help retired people with paid-up property who need acces...

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How Much Can You Borrow? What Home Can You Finance?

Total Debt Servicing Ratio (TDSR) Guide by SRX

By standardizing underwriting, MAS is making it easier for banks to regulate and measure risk in their mortgage portfolios.  This, in turns, helps to strengthen the overall financial stability of the nation.

At the same time, though, MAS lending rules cap how much households can borrow.  Standardizing underwriting has a knock-on effect in that it dictates what type of properties families can finance. 

In an effort to help people understand what type of property one can finance for each income percentile, SRX Property has put together a TDSR Guide.  Find out what home you can finance for your household income.




SRX Property News

Property News 21 June
Holland Drive five-room HDB flat sold for S$1.1 million

A FIVE-room Housing Board flat at Holland Drive has been sold in June for S$1.1 million, setting a new record for the area.

The 38th-floor resale unit at Block 18C Holland Drive has a floor area of 1,259 sq ft, which works out to about S$874 per sq ft (psf).

Property News 19 June
Soilbuild bags Balestier property with $143.88m bid

Soilbuild Group Holdings has won the tender for the collective sale of Kemaman Point, a freehold 89-unit residential development in Balestier Road, with a bid of $143.88 million.

The marketing agent for the collective sale, Knight Frank, said each owner stands to receive between $1.4 million and $2.32 million.

Property News 19 June
New private home sales up 53% last month from April

Developers reaped their rewards last month with buoyant sales of new private homes, which raised hopes that transactions for the full year may still match last year's stellar level.

There were 1,121 units shifted last month, 53 per cent up on April and 8 per cent more than the same month last year.

Property News 18 June
Far East's Oasia Hotel Downtown bags best tall building award
Oasia Hotel Downtown in Tanjong Pagar has been named this year's Best Tall Building Worldwide by the Council on Tall Buildings and Urban Habitat (CTBUH), a global authority on tall buildings and future cities that confers the award annually.
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