Skip to main content

Posts

Should I BTO this Nov 2018?

Recent posts

Sudden surprise! Higher ABSD and Less Loan-To-Value

Can't sleep well last night? Caught by surprise on the sudden 5% increase on the Additional Buyer's Stamp Duty? Scratching your head due to tightening of Loan-to-value by 5%? Not to worry! You are not the only one worrying about it! Last night at Stirling Residences, Park Colonial & Riverfront Residences, look at the crowd going crazy!! Look at the number of people that are ready buyers that can buy property that worth more than a million. So the question is, are you financially ready to commit? More than 1,000 units transacted overnight! It all comes down to, financial management as well. Want to have your finances checked and planned for your dream home? Contact me now! Email                                   : Kenny.lee.sj@gmail.com Contact No.                         : +65 9623 6667 / +65 6100 0898 Instagram ...

Why property investors should take note of SIBOR and SOR rates

Dear Investors, As some of you may not know, some of the banks loan from other banks to finance themselves in order to loan money to property buyers.  In general, most mortgage loans in Singapore are priced at a “premium” to 3-Month SIBOR, though there are fixed rates available. For example, a mortgage loan can be priced at 3-Month SIBOR + 0.8%, meaning banks will make 0.8% profit margin on the loan after paying 3-Month SIBOR to a lender. If 3-Month SIBOR is 0.77%, the total interest could be 1.57%. SIBOR or SOR based home loan packages in Singapore are typically structured to allow borrowers to determine what their interest payments will be until the end of the loan tenure. Below is an example of a typical floating rate mortgage loan in Singapore. Example Floating Rate SIBOR Package: Year 1: 3 Month Sibor + 0.75% Year 2: 3 Month Sibor + 0.85% Year 3: 3 Month Sibor + 0.95% Year 4 (onwards): 3 Month Sibor + 1.25% A floating rate loan could be a cheaper source...

How to finance and upgrade your property?

Nowadays, people want to get their second/private property. But, they do not dare to step into it as the majority are afraid that they do not have the financial ability to service the mortgage. While you are still repaying your loan, you can actually refinance and upgrade your property. First of all, not only can you cash out on your current property, at the same time, you can renew the lease period by getting a new build home. There are found methods that can help homeowners to get their second property while holding on to a matrimonial home and still carry on with the current lifestyle!  Want to get your finances checked? Want to know if you are ready to get your second home or upgrade your property type? Contact me now! Email                              : Kenny.lee.sj@gmail.com Contact No.                    : +65 9623 6667...

Property Investment is not equivalent to 100% profitable

Dear Property Investors, Keep this in mind! There will never be a definite profit investment! Even when you are buying the same project. Project Address Size sqft Sold Date Sold Price Sold PSF Bought Date Bought Price Bought PSF Profit Percent Holding Days THOMSON GRAND 17 Sin Ming Walk XX - XX 1,421 Oct-17 S$1,830,000 S$1,288 Apr-12 S$1,969,646 S$1,386 -S$139,646 -7.09% 2,023 THOMSON GRAND 17 Sin Ming Walk XX - XX 1,582 Jul-17 S$2,000,000 S$1,264 Apr-12 S$2,017,783 S$1,275 -S$17,783 -0.88% 1,935 THOMSON GRAND 17 Sin Ming Walk XX - XX 1,636 Jun-18 S$2,200,000 S$1,345 Apr-12 S$2,094,080 S$1,280 S$105,920 5.06% 2,253 THOMSON GRAND 19 Sin Ming Walk XX - XX 1,356 Oct-17 S$1,680,000 S$1,239 Mar-12...

Feeling confused? Feeling uncertain? Why invest in this project?

Dear Buyer, Why Belgravia Green ? It’s a Clustered House with Condominium Facilities! You get swimming pools, BBQ pit, gymnasium, and your very own 2 sheltered parking lots! If that isn’t enough, there is round-the-clock security, facilities management team. Leave home for a long holiday trip with an ease of mind. Last but not least, Belgravia Green is a Freehold Estate! A place where your future generations can Live, Grow and Enjoy! Can’t wait to join us for a viewing ? Contact me now! Email                              : Kenny@atazhaus.com Contact No.                    : +65 96236667 / +65 6100 0898 Line/Instagram               : KennyLSJ WeChat                           : KennyLeeSJ

Managing your finances to live the dreams of many people

Dear Dreamer, It’s no longer just a dream! You can now plan your finances prior to the project launch, and we will be on our way to your ideal home! Over the past years, we noticed that many owners had the potential to upgrade to a higher yield property, but they are unsure of their finances. Hence, missing out on the opportunity to live their dream home and make a profit at the same time!         Belgravia Villas Completely Sold Out! You like It? Not to Worry! The phrase 2,  Belgravia Green  is launching on 18 August 2018!! Want to find out whether you can afford the home of your dreams ? Contact me now! Email                              : Kenny.lee.sj@gmail.com Contact No.                    : +65 96236667 / +65 6100 0898 Line/Instagram               : Ke...