Category Archives: General

Breath of fresh air in home loans market

Posted on 8 Aug 2009 | Comments Off on Breath of fresh air in home loans market

Banks slash spreads on Sibor-pegged loans; 80 and 90% property financing now available

CREDIT conditions have eased markedly in the competitive home loans market, thanks to improved confidence and liquidity in the property sector. Banks have slashed the spreads they charge on Sibor-pegged loans, and mortgage brokers report the renewed availability of 80 and 90 per cent financing for property.

This is in sharp contrast to the backdrop that prevailed in the first quarter when amid gloom over the economic outlook and falling home price valuations, banks reportedly tightened lending criteria.

At that time, the spread on Sibor loans soared past 1.75 per cent depending on the loan-to-value ratio and whether Continue reading →

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Posted in General, Loan / Mortgage / Finance

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Demand for private homes on an upward curve

Posted on 7 Aug 2009 | Comments Off on Demand for private homes on an upward curve

‘Natural demand’ may be higher as immigrants step in; supply not a nagging issue

Even as Urban Redevelopment Authority yesterday launched the tender for a plum 99-year leasehold site for condo development at Dakota Crescent, expectations are running high that developers will trigger the launch of more housing sites from the government’s reserve list in the coming months.

This is against a backdrop of strong sales for mass-market projects, the latest being the Optima condo next to Tanah Merah MRT Station.

Mass-market home prices have risen about 10 to 20 per cent from the recent low in Q1, according to property consultants.

One concern is whether the market is running out of supply of mass-market condos and whether this will set the base for further price hikes.

The current pipeline has about 7,500 mass market homes yet to be launched on sites sold in the past, according to CB Continue reading →

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Posted in General, New Launches, Property Market / Real Estate

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