News Analysis Home Loans
LATEST IN HONG KONG [22 OCT 2012]
Massive capital inflow into Hong Kong led the
HK Monetary Authority to intervene by buying
US$603 million at HK$7.75 per US dollar on 20
Oct 2012 to defend the currency peg.
QE3-fuelled capital inflows spark fears over
inflation [25 oct 2012]
LATEST IN HONG KONG [27 OCT 2012]
Foreign buyers pay 15% tax upon purchase
Resale tax on property
20% for those selling within 6 months,
15% for resale within a year, and
10% for resale within 12 to 36 months.
Update on U.S. Economy – as of last week
Quantitative Easing 3 (QE3)
Federal Reserve will print US$40 billion of new
money every month to buy back mortgage backed security from banks
Near 0% Interest rate until at least mid-2015
But expected to remain low after economy
strengthens beyond 2015 (3 Oct 2012)
Aims: JOB GROWTH, ASSET APPRECIATION,
BOOST CONFIDENCE – encourage home
buying, revive housing market & job market by
reducing long-term mortgage rateUpdate on U.S. Economy –
Difference between QE3 and previous QE
-Will not stop until unemployment problem is
significantly improved / interest rate will
remain low beyond 2015
-Won’t stop even if inflation in US over 2%
US GDP up 2% in Q3 2012, better than 1.3% in
Q2 [27 Oct 2012]
A pace in excess of 2.5% is needed over
several quarters to make sure jobless rate is
cut significantly
Bank of Japan will extend its asset-purchasing
scheme by 10 trillion yen (S$158 billion)
-Basically make Yen weaker
-Make Japan export more competitive
-The beginning of competitive devaluation of
currencies
BOJ version of QE will end in end 2013
Update on Global economy – Dec 2012
Property News Summary
Latest Promotions - Singapore Property
1. Completed Resid Fixed -2yrs 1.58%, 1.58%, 1.65% Var Or Fixed 1.68 % 3yrs
2. Completed Resid Variable - 0.80% +sibor 3yr
3. New Project Resid BUC - 0.70%/0.80% +sibor. 2yrs
Or 0.80% + sibor 3yrs - Free One Time Conversion
4. Commercial Property Fixed - 1.08%, 1.88% 2yr
Or Fixed 1.78% 3yrs
5. Commercial Property Floating - 0.88% + sibor 2yr
Or 1.35%/ 1.75% 2yrs
Free Bank Home Loans Comparison Analysis - Let You Compare All Banks Rates Packages
TESTIMONIALS
"SingaporePropertyLoan.Com is the only website that I know that work closely with bankers and get my home loan approved in less than 2 hours! If not I have missed the opportunity to secure an option to buy my ideal property." -Joe Lim - Banker
"I am so Happy that Upon Taking up a new housing loan through SingaporePropertyLoan.com , I received my CASH rewards automatically !" - KC - Private Client
"Thanks for helping me to secure 80% financing for my 2nd property even WITHOUT selling it even after the latest housing ruling on property."- James Lim - Multiple House Owner Investor
"I tried many banks to get 80% for my housing loan but was not approved, BUT after going through you, I am able to GET 80% financing even though with my income is marginal in banks' criteria. - Mr Fu - New graduate with recent employment
"With cost of living so high in Singapore, this website effectively helps me to reduce my interests cost if otherwise I need to pay to the bank unnecessary. With this extra interest savings, I could use it to pay off my housing loan faster " - Mdm Teo - Accountant
"This is the only website where I can get maximum quantum of housing loan financing base on the purchase price where most other banks only finance minimal amount or reject my home loan application due to my annual income " - Jane Lee - Office Executive
"If I had not known of this website, I would have problem getting my housing loan approved such a short time and my deposit would have been forfeited. Thanks for your prompt reply" - Mrs Lim - Classified location property buyer
"Your unbiased analysis of different housing loan packages help me save not only money but also time in searching for the right package for me" - Kevin - Busy Professional
"Thank you for helping me in Getting Money out from my property Without me having to move out and sell it ! If I have not know this website, I would have missed a lot of opportunity" - Daniel - Engineering Analyst
"Your Sincerity in helping me to SAVE MORE MONEY on top of my housing loan savings when refinancing by negotiating a Lower legal fees on conveyancing and Housing Loan interest rates than if I were to negotiate with the Lawyer and Banker myself. I Need Not have to pay anything to the Lawyer." - Mdm Koh -Training Consultant
"With over more than 40 types of banks' housing loan interest packages around to choose, Only Your Housing Loan Analysis System can help me make a Decisive decision on my home loan package needs based on my own risk and rewards profile which your System is the only One in Singapore that provide this service " - Linda Kwek - Foreign Bank Banker
"Your experience in structuring property loan help me to maintain the quality of my lifestyle in retirement and also solve my problem in getting infinite monthly income without me having to sell my house and depend on my children for living expenses - Mr Lim -Retired Teacher "
"SingaporePropertyLoan.Com is the only website in Singapore that can assist me to buy my private residential property with the maximum loan amount - Jane Wajaja - Indonesian Property Buyer "
"Thanks for sharing your experience in mortgage banking industry with me. It gives me an invaluable insight of the working mechanism of interest rates determination by banks and it helps me to make an inform decision on my housing loan package selection " - Shawn - Businessman
SMS Enquiry
We will reply to your sms as soon as possible.