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Subscribe to this list via RSS Blog posts tagged in Loan to Value ratio LTV

Singapore property cooling measures could be reviewed at year-end: UOB

Posted by Property Launch Invest on Sunday, 21 June 2015 in Property News

THE Singapore government could potentially review its property cooling measures towards the end of this year, said UOB in a research note on Friday.

UOB said that a relaxation in seller's stamp duty (SSD) and selected reductions in additional buyer's stamp duty (ABSD) rates for Singaporeans may be likely, given the bank's expectation of a 5 to 10 per cent correction in housing prices this year.

Singapore banks resilient against rising property risk: Fitch

Posted by Property Launch Invest on Monday, 02 February 2015 in Property News

SINGAPORE: The Republic’s banks are expected to weather the correction in the city-state's home prices as household debts are low relative to assets, Fitch Ratings said in a commentary on Friday (Jan 30).

Fitch also said local banks DBS, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have healthy loss-absorption buffers, which will help them weather a significant rise in credit costs.

The ratings agency said housing loan delinquencies have remained extremely low in Singapore as household assets far exceed liabilities. In addition, property loans are backed by ample collateral with an average loan-to-value ratio of 49 per cent.

"While we anticipate Singapore banks' loan losses to rise as the property market continues to cool, Fitch expects the Monetary Authority of Singapore (MAS) to remain vigilant for signs of stress," the ratings agency said in a statement.

Singapore residential property prices have fallen by 5 per cent to 8 per cent since hitting a peak in mid-2013.

Fitch has a AA- rating on DBS, OCBC and UOB with a stable outlook.

Channel News Asia

Singapore Property Market Cooling Measures

Posted by Property Launch Invest on Friday, 12 December 2014 in Property News

Below is a comprehensive view of the latest government policies related to the residential property market. These policies are often referred to as the 'Property Market Cooling Measures'.

What You Should Know Before Refinancing

Posted by Property Launch Invest on Thursday, 09 October 2014 in Property News

Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a different, and even better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage. For borrowers with a perfect credit history, refinancing can be a good way to convert a variable loan rate to a fixed, and obtain a lower interest rate. Borrowers with less than perfect, or even bad credit, or too much debt, refinancing can be risky.

In any economic climate, it can be difficult to make the payments on a home mortgage. Between possible high interest rates and an unstable economy, making mortgage payments may become tougher than you ever expected. Should you find yourself in this situation, it might be time to consider refinancing. The danger in refinancing lies in ignorance. Without the right knowledge it can actually hurt you to refinance, increasing your interest rate rather than lowering it. Below you will find some of this basic knowledge written in order to help you reach your best deal.

Why is it too soon to relax Singapore property measures

Posted by Property Launch Invest on Monday, 15 September 2014 in Property News

Prices have to fall by 10% first.

The sales drought will continue for Singapore’s residential developers, as the country’s stringent property cooling measures aren’t expected to ease anytime soon.

According to Barclays, the relaxation of property cooling measures would be premature, despite the continuous softening in property prices, even though year-to-date developer sales have declined 54% y/y.

Singapore a global role model in property cooling: Bloomberg

Posted by Property Launch Invest on Wednesday, 10 September 2014 in Property News

Other countries can't handle their housing bubbles.

Singapore has lowered down housing prices by 3.7% over the past 12 months, as other cities like London, Manhattan and Sydney struggle to keep their housing prices from surging.

Bloomberg says that Singapore and Hong Kong did not even break a sweat as it reined in home prices by imposing measures including mortgage caps, taxes on property flippers, and levies on foreign buyers as high as 15%.

Singapore Home Prices Set to Extend Declines, Keppel Land Says

Posted by Property Launch Invest on Wednesday, 13 August 2014 in Property News

Home prices in Singapore will probably extend declines as the government sticks with curbs, according to Keppel Land, signaling further losses for Asia’s second-most expensive housing market.

“Home prices are expected to continue to moderate,” chief executive Ang Wee Gee said at a results briefing on Wednesday. “Singapore is unlikely to relax property-cooling measures in the short term.”

Govt Unlikely to Remove Curbs Soon

Posted by Property Launch Invest on Monday, 02 June 2014 in Property News

Home prices are likely to fall further before the government rolls back the property cooling measures which were imposed since 2009, according to Standard Chartered in media reports.

“You would start to take away some of these measures if price growth reaches a certain level of equilibrium,” said the bank’s CEO for ASEAN, Lim Cheng Teck. However, he believes this is not the case yet.

Chesterton Singapore’s Managing Director Donald Han also holds a similar view: “It’s still too early to remove curbs. The government will monitor but their fingers won’t be pressing any buttons at this point in time.”

Summary of the Singapore Property Cooling Measures

Posted by Property Launch Invest on Tuesday, 29 April 2014 in Property News

This page aims at giving an overview of the current regulations regarding residential property transactions in Singapore, result of the 8 rounds of cooling measures made by the authorities since 2009.

List of Property cooling measures by URA/MAS.

Posted by Property Launch Invest on Sunday, 27 April 2014 in Property News

Here is the full list of the 8 recent property cooling measures.

Impact on TDSR and MSR

Posted by Property Launch Invest on Friday, 13 December 2013 in Property News

[SINGAPORE] Coming on the heels of a dramatic year peppered with policies aimed at cooling the property market and a number of firsts in public housing, 2014 appears poised to be a more subdued year by comparison.

Consultants say it is unlikely that the government will roll out any new policies next year, even though they do not rule out some tweaking of existing measures.

Targeted cooling measures would be more effective

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

Curbs such as ABSD and TDSR do not seem to have produced the desired results

Housing loans

Completed private residences

Loans granted to homes under construction

THE first part of this article last week concluded that the Singapore household balance sheet is rock solid: household net worth is increasing because household assets such as shares, CPF, currencies and savings are increasing more than household debt.

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Curbs such as ABSD and TDSR do not seem to have produced the desired results