In an effort to fight inflation and cool consumer spending, the US Federal Reserve has increased its interest rate by 75 basis points – its highest rate hike since 1994. This would set the Fed’s benchmark federal-funds rate – or in layman’s terms, the rate banks lend to each other – to between 1.5% and...
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BTO season is upon us again, and in this August 2022 HDB BTO review, we’ll be covering the quiet town of Choa Chu Kang. A population of 169,000 residents call the sleepy, serene estate home. Located at the north-westernmost point of Singapore’s west region, it used to be home to a kampung village and rubber plantations until...
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If you happen to glance up and notice your ceiling paint blistering or peeling, patches of discolouration or dripping water (a dead giveaway), you most likely have a ceiling leak that needs to be fixed. What causes ceiling leaks and water seepage? Ceiling leaks The common cause of ceiling leaks is water leaking from the above unit...
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In May 2022, 2 of the 30 million-dollar HDB resale flats sold were 4-roomers. One was a 1,012-sqft flat in Pinnacle@Duxton while the other was a 1,023-sqft flat in Bishan’s Natura Loft. Few realise that the Pinnacle@Duxton flat, which sold for S$1.228m, is a record in the history of 4-room HDB flats. While it’s de...
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99.co has recently found out from the HDB website that it has changed its Minimum Occupation Period (MOP) criteria for those who have bought a replacement unit through the Selective En Bloc Redevelopment Scheme (SERS). Similar to those buying a typical HDB flat from the Housing Board and the resale market, the MOP is now...
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Households, economists and investors increasingly fear that the biggest interest rate increase will set off a recession.
The post Biggest interest rate increase since 1994 is about to hit us – are you ready for it? appeared first on iCompareLoan.
If you’ve been looking for bigger space, but find that the ones on the resale market have been too expensive, look out for the Ang Mo Kio HDB BTO in the August 2022 launch. Not only is it offering 5-room units, but also 3Gen flats. August 2022 Ang Mo Kio HDB BTO at a glance...
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Five months after the latest round of cooling measures was announced in December 2021, sales of new homes rebounded and hit a six-month high in May 2022. According to the URA developers’ monthly sales data, 1,356 new homes, excluding ECs, were sold last month. Christine Sun, Senior Vice President of Research and Analytics at OrangeTee...
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