With resale flat prices at record highs, there's a tendency to assume negative cash sales won't happen right now. But it's not always true that selling your flat right after MOP will yield sufficient cash for a condo down payment, and negative cash sales still happen in a seller's market. Here's how much your flat needs to appreciate, to avoid...
With resale flat prices at record highs, there's a tendency to assume negative cash sales won't happen right now.
Of course, you can still use your CPF for your next property; but the problem is that a bank loan requires you to pay a minimum of five per cent in cash for your next property. So unless you can raise this amount, it can curtail upgrading plans. The initial $140,000 down payment will be from CPF, as will the Buyer's Stamp Duty of $15,600. All mortgage payments will be paid using CPF too.How it's calculated: We assume the BSD and downpayment are made at the start of the year, and the mortgage is paid through that same year.
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Punggol HDB loft unit sold for record S$1.22 million - Singapore News'For those with future plans to sell their loft flats, this latest sale will come as good news to them and will allow them to better plan their real-estate financing.'
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Over 700 families in rental flats bought homes in 2022: HDBOf these, seven in 10 bought a flat from HDB, with the remainder going for resale flats. Read more at straitstimes.com.
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We make $180k per year and live in a 3-room HDB flat. Should we save to buy an investment property, upgrade to a condo, or larger flat?Hello, We’ve read with interest on your advice columns, and we especially appreciate the effort and detail put into the responses. My wife and I are in a bit of a dilemma. We live in a 3-room HDB flat in Clementi Ridges which we bought for close to $400k. Our MOP is up in April this year. We’re in our...
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Logitech quarterly sales fall 22% as slowdown fears bite:Computer peripherals maker Logitech International said on Tuesday its third-quarter sales fell 22 per cent, confirming its preliminary results which showed that business customers had put the brakes on buying new equipment amid slowdown concerns.The company saw strong demand for its home office products and
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Sistic CEO once had to apologise to Mandopop star JJ Lin for ruining 2021 online concertBack in 2021, Sistic chief executive officer Joe Ow had to personally issue a public apology when JJ Lin’s Sanctuary Finale online concert hosted on the ticketing sales company’s Sistic Live live-stream platform on July 10 was marred by technical issues. “First and...
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Hexagon Q4 profit up 12%, results released after 'unauthorised access'OSLO : Swedish industrial technology group Hexagon said on Monday its adjusted fourth-quarter operating profit had risen 12 per cent year-on-year to 418 million euros ($455.54 million) and that sales were up 15 per cent in the same period.Analysts had on average expected an adjusted EBIT of 420 million eu
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