First Home

Your HDB Flat Is No Longer the Asset You Think It Is

Your HDB Flat Is No Longer the Asset You Think It Is

Since 2008, HDB flat owners have been enjoying steadily rising resale and Cash-over-Valuation (COV) prices. The rise and fall of flat prices is a lot like being on a roller coaster. No, I’m not talking about some “kiddie coaster” like the Shrek ride at Universal Studios Singapore – I’m talking about one of those huge coasters that has a terrifying drop.

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Renovate Your Home, Not Your Wallet: 5 Essential Tips!

Renovate Your Home, Not Your Wallet: 5 Essential Tips!

I’ve seen what happens to old houses and flats. It’s like that documentary, Life After People, with the added misfortune that you’re around to see it. Take my buddy Aaron for instance: his interior decor is so old his grandpa saw it and got flashbacks to World War II. Or my newly-wed cousin, who recently bought an old terrace house; there were more things growing on the walls than in the garden. Yet they’re both hesitant to make changes, for the same reason: renovation is expensive. Well not any more. Behold, MoneySmart’s guide to affordable renovation!

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Singapore’s Most Affordable Flats Now Available To Singles

Singapore’s Most Affordable Flats Now Available To Singles

Some new BTO flats are up for grabs, from Telok Blangah, Sengkang, and Yishun. But these aren’t just flats, in the same way the constitution isn’t just a piece of paper. These flats are history people. Because HDB is finally catering to singles, who were on the brink of organizing gladiatorial death matches in their squabble for resale flats. In this flash article, we take a quick (still speculative) look at this government giveaway:

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Surviving SERS: What You Need to Know (Part 2)

Surviving SERS: What You Need to Know (Part 2)

In the first part of “Surviving SERS,” we looked into the compensation options available to those of you affected by this redevelopment scheme (including our forgotten citizens – the singles). For part 2, we’ll delve into the resale concessions available to those of you wanting to cash out your housing “chips” for something different.

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The New POSB HDB Loan: What’s The Big Deal?

The New POSB HDB Loan: What’s The Big Deal?

If you’ve been paying attention to the news recently, you’d have noticed that POSB’s got a new HDB home loan package that’s creating quite some buzz and getting HDB owners and buyers both excited and wary at the same time. In this article, we examine one of the most serious contenders to HDB loans we’ve ever seen.

So whether you’re thinking of buying an HDB resale or BTO flat, or thinking of refinancing your existing loan from HDB (the HDB Concessionary Loan), you’ll definitely want to know about this:

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5 Sneaky Property Agents’ Tactics to Watch For (in Singapore)

5 Sneaky Property Agents’ Tactics to Watch For (in Singapore)

So you think property agents are all cheats, do you? You think every last one is just out for your money. Well that’s not fair, because I’ll have you know you’re only 97% right! But seriously, I exagerrate. Few property agents outright lie or cheat in squeaky clean Singapore. I mean, their mind games are already so good, they don’t even require outright lies:

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3 Useful Home Loan Tips in Singapore (2013)

3 Useful Home Loan Tips in Singapore (2013)

Our home loans market has changed dramatically since 2011. We have new cooling measures, and new restrictions on bank practices. As such, applying for a loan may not be as simple as before. But with a bit of information and foresight, you can still save a lot of money. In this article, we look at three important tips for picking the right loan package in 2013:

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Should You Buy the Biggest Flat You Can Get?

Should You Buy the Biggest Flat You Can Get?

Financial prudence is a funny thing. Taking steps to save money might mean the opposite of taking steps to make money. That’s why the whole “winning by not losing” approach doesn’t produce too many millionaires. And the whole risk question, for most of us, comes to this: How big a flat should I get, without risk of my next home being the communal dump? Do I get the biggest I can, or opt for something cheaper?

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Should Your First Property Be an Investment (Or Just to Live in)?

Should Your First Property Be an Investment (Or Just to Live in)?

To Singaporeans, property isn’t just an investment. It’s more like that magic lamp in Aladdin. People seem to think it makes you rich, improves your love life, and probably cures cancer. It might explain why Singaporeans rush to invest in it asap. Not a bad idea; but before you make your first house a pure investment (e.g. you rent the whole thing), you’d best make the right preparations. We take a closer look in this article:

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Why It’s a Great Time to Be a Singaporean (Citizen)

Why It’s a Great Time to Be a Singaporean (Citizen)

I didn’t do National Service so I can live in a one-room flat and subsist on $0.80 Yan Yan snacks. It’s about time I saw some rewards for citizenship. “Dude, you live that way because you’re a cheap-ass, not because you’re poor.” Actually, it’s because I was saving up for private property, which in 2012 cost slightly more than your own aircraft carrier. But thanks to new cooling measures, I may soon be resting my (luckily Singaporean) butt in my private condo:

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