Alvin Soong’s Blog

Over the last month or so, some banks have upped the spreads they charge above Sibor - the rate at which banks lend to one another - making Sibor-pegged home loans more expensive.
The three-month Singapore Interbank Offered Rate, or Sibor, was at 0.54 per cent last week, below the previous all-time low of 0.56 per […]

There are eight things to consider when taking out a loan:
1 A need or a want?
Before taking a loan, ask yourself if the item or service is meant to satisfy a need or a want.
Is it just for consumption or it would be better to save for it rather than to pay a ‘premium’ price […]

Monetary Authority of Singapore (MAS) earlier this month flagged two scenarios in which the private property sector could falter. Also, MAS warned that property buyers could not assume that interest rates on home loans will stay at their current rock bottom levels indefinitely.
1) If the economy rebounds, interest rates are more likely to rise over […]

Just some key points to share:
Additional Housing Grants:
Income ceiling raised from $4k to $5K.
Maximum grant raised from $30k to $40K
New Schemes:
Increase in Lease Buyback, rental flats, BTO. More life upgrading programe, Home Improvement Program (HIP) and Neighbourhood Renewal Program (NRP)

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By Lorna Tan, Senior Correspondent.
Coming up alongside the current property rally is a fierce competition among banks here, eager to sign up homebuyers with attractive and innovative loan packages.
The loan options being dangled are mind-boggling - such as the perennial choice between fixed or floating rate mortgages.
Some packages even come with a deposit interest […]