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Season greetings 2016 santa

Season Greetings!

Ho Ho Ho....The Season of Joy and Celebration is here again. It's the time of the year to BE MERRY and HAVE LOTS OF FUN!

We would like to take the opportunity to extend 5 well wishes for you and your family.

(1) Happiness
May your life be filled with lots of joy and happiness and may each new day bring you moments to cherish.

(2) Fulfillment
May you live a long and happy life filled with goodwill and friendship.

(3) Love
May your life always be filled with 
abundance of love.

(4) Peace
May the new year bring you plentiful of peace and tranquility.

(5) Prosperity
May 2017 filled your life with truckload of good luck, wealth and prosperity.


Have you refinanced - Mortgage Supermart Singapore

Have You Refinanced?

And of course as usual not forgetting a gentle reminder to take a few moments in the festive period to dig out your mortgage offer letter and review your mortgage plans to see if its due for refinancing anytime soon in 2017.



For a limited period of time only, while stock last, enjoy super crazy promo deals from only 1%. Contact us for a chat today!


World First Logo

Cheaper International Money Transfers

 Purchased an overseas property and need to send across an international payment? Receiving rental income and looking for a cost effective solution to remit your funds back to Singapore? Runs an import/export trading business and need cost-effective FX solutions for your business?


With excellent exchange rates to help you save, award-winning services and an easy-to-use 24/7 online platform, it couldn’t be easier to get started today!

Check out World First today!

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FAQs for refinancing your mortgage  home loan


Who is suitable for mortgage refinancing?

Anyone that would benefit from lower interest rates as compared to pre-existing, netting off applicable transfer cost like legal and valuation etc.


When should I refinance my mortgage?

The typical refinancing interval is of every 2-3 years depending on the tie-in period when you took up the loan. Customers with no lock in mortgages may still benefit as long as the savings outweigh the cost.


What are the cost to refinance my mortgage?

Typical cost to note are only legal and valuation fees. In many instances, some banks may provide subsidies to help you offset part of your cost.


Estimated Schedule of  Fees

HDB $1600 - $2300
Private Condos / Apartments $2000 - $3500
Landed Properties $2000 - $3500
Commercial / Industrial $2200 - $3500
Valuation Estimated Schedule of Fees
HDB $150 - $350
Private Condos / Apartments $200 - $750
Landed Properties $600 - $1200
Commercial / Industrial $400 - $800


How much can i save?

For every 0.1% lower in interest over a $100,000 mortgage at a typical 30 years tenure, your savings are about <$100 per annum.


Every $100,000 Minus (-) 0.10% in Interest
30 years $96
25 years $95
20 years $95
15 years $94
10 years $92


Why is it better to use a mortgage broker?

  • Independent
  • We aggregate and compare mortgages from 31 lenders.
  • We pick out, summarize and present the best selections for your consideration.
  • We provide comparative, cost-benefit and break-even analysis.
  • One-stop shop to save you time and money.
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Season Greetings 2015 - Merry Christmas and Happy New Year!


Season Greetings!

Ho Ho Ho.... The Season of Warmth and Happiness is here again. It's the time of the year to CELEBRATE, BE MERRY, JOYFUL and HAVE LOTS OF FUN.

May this festive season brings you EXTRA lots of Joy, Happiness, Wealth and Laughter through into 2016!

1. Have you Refinanced?

But before you go into total 100% festive mode and party, we would like to nag you to take a moment and pull out your mortgage letter of offer to see if your mortgage may be due for refinancing anytime soon. A typical time frame to consider refinancing would be every 2 -3 years. If you are overdue for refinancing, this could potentially cause you more that 50 Christmas parties every year!!!

*Nag this to all your friends, relatives and colleagues to also remind them, they would be grateful that you did. :)

2. Aviva 20% Cheaper Premiums

In addition, we would like to share with you a great deal. Aviva is giving away 20% lifetime perpetual discount when you sign up for MyProtector-Level Plus ( This promotion is valid for $1 million coverage and above, applicable on riders as well. For limited period only, grab this before its gone.

*To find out more, request for your no obligation free consult with our independent financial advisor partner today!

3. Our office is close for the Christmas week from 21st - 27th Dec

We are off to space to recharge after a tremendous busy 2015. Don't worry, all of our consultants are still reachable via their direct mobile numbers and emails and we promise we will get back to you as soon as we can. 

Last but not least, wishing all a very Happy Merry Christmas and New Year!

Warmest Regards,
From the team @ Mortgage Supermart

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celebrating 5 years of anniversary


In celebration of our 5 years of Anniversary and SG50, we are giving away 50 sets of $50 NTUC Fairprice vouchers for every customer that takes up a minimum loan of $500,000 through us.


Save and Smile with Mortgage Supermart.


Apply Today!


Mortgage Supermart Pte Ltd

55 Market Street #10-00

Singapore 048941

Phone: +65-6521-3051/2

WhatsApp: +65-9171-0456 (Replies after office hours may be delayed)




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Happy CNY 2015 Goat

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Australia New Zealand Property Home Loan Refinancing

Comparison with Leading Bank A

Example 1
Your existing SGD Australia Property Loan Interest Rate New Interest Rate Difference Yearly Savings (Comparison based on $500,000, 25 yrs tenure)
1st Year 3 months Sibor + 2.5% = ~2.91% ~1.76% 1.14% ~$7,773
2nd Year 3 months Sibor + 2.5% = ~2.91% ~1.76% 1.14% ~$7,773
3rd Year 3 months Sibor + 2.5% = ~2.91% ~1.76% 1.14% ~$7,773
Thereafter 3 months Sibor + 2.5% = ~2.91% ~1.76% 1.14% ~$7,773

Comparison with Leading Bank B

Example 2
Your existing SGD Australia Property Loan Interest Rate New Interest Rate Difference Yearly Savings (Comparison based on $500,000, 25 yrs tenure)
1st Year ~2.52% ~1.76% 0.76% ~$5,160
2nd Year ~2.52% ~1.76% 0.76% ~$5,160
3rd Year ~2.52% ~1.76% 0.76% ~$5,160
Thereafter ~2.52% ~1.76% 0.76% ~$5,160


Benefits and Details:

  • Principal and Interest Cost Savings.
  • Applicable for Refinancing of Australia and/or New Zealand Property Loans.
  • Minimum loan amount of AUD >$500,000 and/or NZD >$500,000.
  • Up to LTV 75% for Singapore dollar loans and LTV 80% for Australian and New Zealand dollar loans.
  • For completed properties or properties obtaining TOP within 3 months.
  • Dual currency account with flexibility to switch between currencies, example AUD > SGD > AUD.
  • Applicable for Singapore Citizens, Permanent Residents and Foreigners.
  • Australia and New Zealand Country Wide.
  • Minimum build in area of 50 sqm, excluding Serviced Apartments and Commercial Units.
  • Applicable for Individuals and Singapore Investment Holding Companies.
  • Rates of ~1.76% based on current SGD cost of funds. Applicable to finance your home loan in AUD and NZD cost of funds from ~4.2% and ~5.19% onwards respectively.
  • Yearly savings illustration based on total principal and interest savings in a year.
  • SIBOR stands for Singapore Interbank Borrowing Offer Rate.
  • Attractive Promotional Rates for New Purchase from ~1.86% (based on current SGD cost of funds).
  • Only for a very limited period of time.
  • > Apply today!


Related Links:

+ Australia Property Loans (Singapore Lenders) vs Australia Property Loans (Australian Lenders)


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Free Real Estate Market Data Analytics Report

Brokering your mortgages with us has just gotten even better!

In additional to offering our customers independent mortgage advisory, latest promotional rates and widest range and selection of packages, we are also offering our customers an additional complementary FULL Real Estate Market Data Analytics report.


Pieced together by an independent research house, the premium full data analytics report offer consumers precise data and information relating to the subject property or project that you would like to purchase and help you make smarter informed decisions.


The property market data report offers the following information and data in the report:

-          Project information
-          Indicative price range / average
-          Indicative rental range / average
-          Implied rental yield
-          Historical high in transacted price
-          Historical low in transacted price
-          Developer’s sales date
-          Developer’s selling prices
-          Developer’s sales (Units sold each month in the past 2 years)
-          Sales transactions in the past 6 months
-          Asking prices
-          Historical transaction prices
-          Historical monthly price range
-          Buyer profile overview
-          Bulk purchase records
-          Profitable transactions
-          Unprofitable transactions
-          Rental contracts
-          Average rental yield analysis
-          Historical quarterly rental
-          Historical rental along the vicinity of the property project
-          Estimate unit size (sq ft) distribution
-          Nearby properties price comparison
-          Nearby properties rental comparison
-          Price and rental comparison
-          Location of nearby properties
-          Nearby land sales / new launches
-          All past historical transactions


To obtain your free real estate market data analytics report, kindly submit your request via our contact form and provide us with details of the property (eg. Project name & full address), applicable for HDB, Non-Landed Residential, Landed Residential, Commercial and Industrial properties. Loan Brokerage Solutions to bring you Savings and Smiles. Your interest is our Interest!



* Limited to 3 free reports per customer. Subsequent reports are charged @ $30/report.
** The report serves to provide information as reference resources and is not intended to constitute financial or investment advice.



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Happy Lunar Chinese New Year 2014Happy Chinese Lunar New Year 2014

Wishing all Happy Chinese New Year. May the Year of the Horse brings more wealth, health, joy, laughter and prosperity.

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Christmas-happy new year

Season Greetings. Wishing all Merry Christmas and Happy New Year!

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executive condominium houses

3 new tweaks to the Executive Condominium Scheme

In January 2013, MAS revised the Mortgage Servicing Ratio (MSR) to be capped at 30% of a borrower’s gross monthly income for loans granted by financial institutions for the purchase of HDB flats.


In June 2013, MAS introduced the Total Debt Servicing Ratio (TDSR) framework. The new frame work serve to cap a borrower’s total repayment liability to be not more than 60% of his monthly gross income. Hence assuming if a borrower draws an income of $10,000 a month, his total monthly debt commitments/repayments should not exceed more than $6,000 a month.


Since the introduction of MSR and TDSR, home buyers have skewed towards buying executive condominiums. Recent data have shown an increase in sales transactions, with developers selling 1240 executive condo units in Q3 2013 as compared to 932 units in Q2 2013, representing a substantial increase of about ~33% over the previous quarter.


Just as demand for executive condos seems to be ballooning, the Ministry of National Development yesterday announced 3 new tweaks to the executive condominium scheme.


1) Mortgage Servicing Ratio for Executive Condos

Effective today 10 Dec 2013, for EC units bought directly from developers, applicants getting a loan from financial institutions will have its mortgage servicing ratio capped at 30% of their gross monthly income.


The Total Debt Servicing Ratio (TDSR) framework was previously used for the assessment of an applicant’s EC home loan application.


This new measure is widely seen to affect and cool a developer’s selling price as a regular couple with the max combined ceiling income of $12,000 to qualify for an executive condo unit would only be able take up a max bank loan of $719,103 over a 25 years tenure.


Working backwards on an 80% loan to value ratio, the max purchase price the couple would be able to afford is $898,878. Buying any units above the max ceiling price of $898,878 would entail the couple forking out extra cash for the price difference.


In comparison to the TDSR framework, a couple with the max ceiling income of $12,000 with zero liabilities would qualify for a max bank loan of $1,603,403 over a 30 years tenure. The max purchase price of the flat the couple would be able to afford on an 80% loan to value ratio would be $2,004,253.


The new MSR framework for executive condominium would effectively curb bank lending and reduced the maximum amount of loan a bank or financial institution can grant to a couple by over 55% (assuming max income of $12,000 with zero liabilities).


2) Introduction of the HDB Resale Levy to the Executive Condominium Scheme

Under the HDB resale levy scheme, home owners who have previously bought a flat from the HDB or have taken up a CPF housing grant will have to pay a resale levy of between $15,000 to $50,000 when they buy the next HDB flat.


The purpose of the resale levy is meant to reduce the amount of subsidy a couple enjoy on their second subsidized flat to maintain a fair allocation of the public housing subsidies between first and second timers.


For more information relating to the resale levy, you may refer to


3) Reduction in cancellation fee from 20% to 5% of the purchase price

Effective to home buyers for land sale projects taking place since yesterday 9 Dec 2013, the cancellation fee for EC buyers will be reduced from 20% of the purchase price to 5%.


This is consistent to the cancellation penalty applicable for HDB Build-To-Order (BTO) flats. Home buyers will now pay 15% lesser cancellation fee charge in the unfortunate event that they do not proceed with the EC purchase.


In summary, the new MSR limit will capped the amount of financing home buyers would be able to secure while the new applicable levy add as some form of additional buying "taxes" onto the executive condominium segment.


Analysts expect developers to come out with smaller units but with most EC buyers being family upgraders with kids, would they bite for a smaller home?


We have MSR in January for HDB, TDSR in June for private residential, commercial & industrial and it looks like the executive condominium will have its share of the cake just in time for Christmas.


Merry Christmas!


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Latest Release of URA Real Estate Statistics for Q3 2013 - Private Residential Properties

Singapore Residential Hdb flat

Private Residential Properties - Prices and Rental

There is a slowdown of price increases in private residential properties in Q3 2013 as compared to the previous quarter. Prices rose 0.4% in the third quarter as compared to a 1.0% increase recorded in second quarter.

Rentals of private residential properties rose by 0.2% in Q3 2013 as compared to a 0.3% increase in Q2 2013.


Private Residential Properties - New Show flat Launches

Developers launched 3,313 uncompleted private residential units (excluding ECs) for sale in Q3 2013 which is about 25% lesser than the 4395 units launched in Q2 2013.

Developers sold only 2430 units in Q3 2013 which is about 46% lesser than the 4538 units sold in Q2 2013. There were 1387 new executive condo units launched in Q3 2013, about 29.5% more than the 1071 units launched in Q2 2013.

Buyers seems to have run favour with EC units which saw an increase of sales from 932 executive condo units in Q2 2013 to 1240 executive condo units in Q3 2013. This represents an increase of about 33% increase in sales.


Private Residential Properties - Resale and Sub-sale and total transactions

Private residential resale transactions saw a substantial drop in sales volume, decreasing from 2075 units in Q2 2013 to only 1340 units in Q3 2013. This represents a drop of about 35% or 735 units. Sub sales represented for about 4.6% of sales transactions in Q3 2013 vs 4.8% in Q2 2013.

Total transactions, including completed, uncompleted, sub sale and resale units fell from 6945 in Q2 2013 to 3951 in Q3 2013, representing a decrease of 2994 units or 43% in the total number of units sold.


Private Residential Properties - New supply of residential units in the pipeline

As of Q3 2013, there was a total supply of 84,917 uncompleted private residential units in the supply pipeline. This is slightly lower than the 87,789 units in Q2 2013. 31,004 units remained unsold.

An additional supply of 12,436 new uncompleted executive condo units is expected in the supply pipeline, bringing the total number of uncompleted private residential and executive condo units in the supply pipeline to 97,353 (84,917+12,436).

10,025 new units are expected to be added to the supply pipeline from Government Land Sales. These units are expected to be completed in ~2017.

About 6,711 private residential and executive condo units are expected to be completed by the end of 2013. 21,263 private residential and executive condo units are expected to be completed in 2014.


Private Residential Properties - Stock and Vacancy of Completed Private Residential units

Stocks of available completed private residential units rose 1.2%, rising to 286,006 units in Q3 2013 from 282,528 in Q2 2013. This represents an addition of 3478 vacancy units as compared to the previous quarter.

Vacancy rate of the available units also saw an increase of 0.5% to 6.1% in Q3 2013 from 5.6% in Q2 2013.


Latest Release of URA Real Estate Statistics Q3 2013 - Commercial and Industrial Properties

commercial shopping centre

Office Spaces - Prices and Rental

Prices of office spaces increased by 1% in Q3 2013 vs a 1.5% increase in Q2 2013. Rentals rose 0.8% in Q3 2013 vs an increase of 0.2% increase in Q2 2013.


Office Spaces - New Supply in the pipeline

At the end of 3rd Quarter 2013, there was a total supply of about 1.086 million sq m GFA of office space in the pipeline.


Office Spaces - Stock and Vacancy

Occupancy of office spaces rose by 46,000 sq m (nett) in Q3 2013 as compared to the 19,000 sq m (nett) increase in Q2 2013. This represents an increase of more than 240% in the occupancy rate as compared to the previous quarter.

The stock of office space rose by 122,000 sq m (nett) in Q3 2013 as compared to a decrease of 18,000 sq m (nett) in Q2 2013. The rose in occupancy space by 27,000 sq m (nett) is being offset by the addition of 122,000 sq m (net) in the supply stock of office spaces. As a result of this, island-wide vacancy rate of office space rose marginally to 9.6% in Q3 2013 from 8.8% in Q2 2013.


Shop Spaces - Prices and Rental

Price index of commercial shop spaces rose from 128.0 in Q2 2013 to 128.5 in Q3 2013. This represents a 0.4% price increases in Q3 2013 as compared to a 1.7% increase in Q2 2013.


Shop Spaces – New supply in the pipeline

At the end of Q3 2013, supply pipeline for planned development shop space amounted to 128,000 sq m as compared to 153,000 sq m in Q2 2013, representing a drop of 16.3% in new supply pipelines for planned developments.

Supply in the pipeline for under construction shop spaces rose from 445,000 sq m in Q2 2013 to 486,000 sq m in Q3 2013. This represents a 9.2% increase over the previous quarter. At the end of Q3 2013, the total supply pipeline of shop spaces amounted to about 614,000 sq m.


Shop Spaces - Stock and Vacancy

There is an increase in demand for shop spaces as Q3 saw the amount of occupied shop spaces rose by 5000 sq m while the stock for shop spaces only increased by 2000 sq m. As a result, island-wide vacancy rate of shop space fell marginally to 5.7% as at the end of Q3 2013, from 5.8% in Q2 2013.


Industrial Spaces – Prices and Rental

Both prices and rentals of multiple-user factory space continued to climb in Q3 2013. Prices of factory spaces saw an increase of 0.9% in Q3 2013 as compared to 0.5% in Q2 2013 while rentals rose 4.4% in Q3 2013 as compared to only a 0.1% increase in Q2 2013.


Industrial Spaces – New supply in the pipeline

Supply in the pipeline for planned development for factory spaces rose 81,000 sq m to 1,024,000 sq m in Q3 2013 as compared to 943,000 in Q2 2013. This represents an increase of about 8.6%.

Supply in the pipeline for under construction units saw a drop of 95,000 sq m from 3,493,000 in Q2 2013 to 3,398,000 in Q3 2013. This represents a drop of about 2.7%.


Industrial Spaces – Stock and Vacancy

The demand for factory space rose sharply by 73% from 139,000 sq m in Q2 2013 to 241,000 sq m in Q3 2013 but is offset by the new stock of factory spaces of about 206,000 sq m in Q3 2013.

As a result, the vacancy rate for factory spaces remains stable with only a marginal drop of 0.1% to 7.5% in Q3 2013 as compared to 7.6% in Q2 2013.


Related links:




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Latest Release of URA Real Estate Statistics for Q2 2013:

Singapore residential real estate 3


- Prices of private residential real estate properties continued to show strong growth, increasing by 1% in the second quarter as compared to a 0.6% price increase in Q1 of 2013.


- Non-landed property prices in the core central region decreased slightly by 0.2% as compared to a 0.6% rise in Q1 2013.


- Prices outside the central region remain heated as prices rose by 3.8% as compared to 1.4% in Q1 2013.


- There are signs of slowing demand for rentals of private residential properties as rents have rose by only 0.3% as compared to an increment of 0.8% in Q1 2013.


- Developers launched fewer building under construction (BUCs) units. The second quarter saw 4395 units (excluding ECs) launched, about 20% lesser than the 5546 units launched in Q1 of 2013.


- After 7 rounds of property cooling measures, demands for residential building under construction (BUCs) units seems to have weaken slightly as developers sold only 4538 units as compared to 5412 units in Q1 2013.


- Buying demand seems to have shifted towards executive condominium BUC purchases as developers sold 932 EC units, roughly about 28% higher than the 725 EC units sold in Q1 2013.  


- In the completed resale market, transactions dropped marginally from 2005 units to 1982 units.


- The total number of gross units transacted, including uncompleted, completed, sub-sale and resale fell from 7809 units to 6808 units which marked a ~13% drop in overall transactions.


- In the supply pipeline, developers launched 87,789 uncompleted private residential units, of which 33,255units remained unsold. This represents about 37.8% of the total supply property units.


- A supply of 12,449 EC units was launched as at the end of Q2, 2013. The total available supple of private residential units, including ECs totalled 100,238 units.


- Based on the expected completion dates reported by the developers, about 12,000 units (including ECs) will be completed in the second half of 2013 and an estimated 21,235 units to be completed in 2014.


- The vacancy rate for completed private residential properties saw marginal increment from 5.2% in Q1 2013 ro 5.6% in Q2 2013.


- The vacancy rate for completed executive condominiums remains stable at 0.3% for both Q1 and Q2 2013.


singapore commercial real estate

Commercial & Industrial:

- Prices of commercial office space saw increment of 1.5% in Q2 2013 as compared to a 2.1% increase in Q1 2013. Office rentals rose marginally by 0.2% as compared to a marginal drop of 0.2% in Q1 2013.


- There is a total supply of about 1.149 million sqm GFA of office space in the pipeline.


- There is an increase in occupancy for office space with island-wide vacancy rate dropping to 8.8% in Q2 2013 from 9.2% in Q1 2013.


- Demand for shop space continued to decline as prices for shop space increased by only 1.7% in Q2 as compared to a 2.1% increase in Q1 2013. Rentals for shop spaces also continued its decline by 0.8% in Q2, following a decline of 0.6% in Q1 2013.


- Shop space vacancy rate rose from 5.5% in Q1 to 5.8% in Q2 2013.


- At the end of Q2 2013, there was a total supply of 598,000 sqm GFA of shop space from projects in the pipeline.


- Prices of industrial factory spaces slowed sharply after the new recent property cooling measures targeting industrial properties. Prices rose by only 0.5% in Q2 as compared to a sharp rise of 2.9% in Q1 2013.


- As at the end of Q2 2013, there was a total supply of 4.436 million sqm GFA of factory space from projects in the pipeline.


- The vacancy rate of industrial space rose to 7.6% in Q2 from 7% in Q1 2013 and 6.9% in Q4 2012.


Related Links:

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Singapore National Day 2013Happy National Day 2013

Mortgage Supermart Singapore wishes all Happy National Day 2013. Let us all celebrate Singapore's birthday with more love, fun, laughter and joy.

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Thank youWe'll like to take the opportunity to thank all of our customers for your continuned support. We will be relocating to 55 Market Street @ Raffles Place in August 2013.

Stay tune for more exciting promotions as we bring you the best deals in town!

Loans Brokerge Solutions to bring you Savings and Smiles.

Mortgage Supermart Singapore
55 Market Street #10-00
Singapore 048941
Tel : 65213051 / 65213052 / 65213053 (3 Lines)
Fax : 65213054
Web :
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.


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mas cooling measures 2013Effective 29 June 2013, MAS have introduced a Total Debt Servicing Ratio (TDSR) framework to ensure consistency in credit underwriting for property loans granted by financial institutions to individuals. The individual is inclusive of sole proprietorships and investment vehicles set up by an individual solely to purchase property.


The new framework will require all financial institutions to take into account borrowers’ other outstanding debt obligations when granting a mortgage. This framework is meant to strengthen financial prudence among borrowers.


The new framework will also refine rules to patch up “loopholes” relating to the application of existing Loan to Value (LTV) limits that were introduced on 12 Jan 2013 to limit the financing quantum that financial institutions may grant to borrowers. These refinements seek to ensure the effectiveness of the applicable LTV limits were enforced diligently to cool investment demand in the Singapore property market.


Under the new framework, financial institutions will be required to compute the TDSR or the percentage of total monthly debt obligations to gross monthly income on a consistent basis of not exceeding 60% in debt servicing ratio, applied with a medium term interest rate or the prevailing market interest rate, whichever is higher, to the property loan that the borrower is applying for when computing the TDSR. The standardise medium term interest rate under the new framework is set at 3.5% for residential housing loans and 4.5% for non–residential property loans.


Other measures include a standardise 30% haircut to all variable income (e.g bonus) and rental yield and applying haircuts to any eligible financial assets taken into consideration in assessing the borrower’s debt servicing ability when converting them into income streams for computing the debt servicing ratio (DSR).


Measures meant to patch up existing “loopholes” on applicable LTV limits include:

  • Having all borrowers named on a property loan to be mortgagors of the residential property.
  • Guarantors who are standing guarantee for home borrowers are to be brought in as co-borrowers instead.
  • For joint borrowers, the financial institutions would use the income-weighted average age of borrowers when applying the rules on loan tenure. The income-weighted average age will be based on the borrowers’ gross monthly income. Lower LTV limits apply to a loan granted for the purchase of a residential property, where the loan period extends beyond the retirement age of 65 years or the tenure exceeds 30 years.

The overall introductions of the new framework are structural in nature for the long term. These are aimed at encouraging prudent financial borrowing by home owners and to standardise and strengthen credit underwriting standards used by all financial institutions. Analysts expect the new cooling measures to be subdued while developers and property agents have reported seeing similar crowds at showflat over the weekend today and yesterday. Personally, we see this more of a windows 7.1 patch than a new launch of Windows 8.



Appendix 1 - Second Quarter 1/7/2013 URA Private Residential Property Price Index

Q2 Private Residential Property Price Index

Appendix 2 - Second Quarter 1/7/2013 URA Non-Landed Private Residential Property Price Index

Q2 Property Price Index of Non-Landed Private Residential Property

Appendix 3 - Second Quarter 1/7/2013 HDB Resale Price Index

HDB Resale price index 2013



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Mortgage Supermart Singapore - Loans Brokerage Solutions to bring you Savings and Smiles. About Mortgages, About Loans, About Financing. - See more at:
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forest fireSingapore’s PSI reading at noon went pass 400 yesterday, hitting an all-time high of 401 and surpassing previous peak at 371 on Thursday afternoon. According to NEA, air quality at above PSI 300 is considered to be hazardous.


What is PSI?

PSI is the short acronym for Pollutant Standard Index and provides a standardise uniform system of measuring pollution levels for the major air pollutants. The scale is devised by the United States Environment Protection Agency to measure air quality on a daily basis.


Who causes the PSI level in Singapore to rise to hazardous levels?

The haze is brought about by the slash and burn forest fire in Sumatra, Indonesia. This technique is the cheapest land-clearing method commonly used by local farmers and enterprises to clear land for plantations and new growth of corps.


Why is this dangerous?

At hazardous concentrations, a significant larger amount of toxic micro particulars can enter your lungs as you breadth and get embedded inside, causing serious health and respiratory problems.


How can we prevent this?

The wearing of a mask when outdoors can help filter out the toxic micro particulars.

The Singapore government has today pledged that it will be giving out 1 million free N95 masks to lower income households. For a start, the poorest 200,000 households and vulnerable personals will get the free masks, distributed by grassroots groups with the help of the Singapore Armed forces. NTUC Fairprice and Unity Healthcare will also distribute the N95 masks for sale with a price cap.

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Singapore road trafficSingapore’s first quarter GDP 2013 posted a growth of 0.2% as compared to Q1 of 2012, and 1.8% as compared to the previous quarter Q4 2012, helped by the unexpected surged in stock market trading and other financial services. Singapore STI current stands at about 3393 points which is one of the highest in recent past 5 years and breaking previous limits of about 3200 points. The highest limit STI went up to was about ~3800 points in Oct 2007 before the financial crisis.


The surprise growth as compared to the same quarter in 2012 also saw car COE prices rebounding upwards. Except for Cat C (Goods Vehicle and Buses) which post a drop of $162, all other categories have posted an increase in COE premium ranging from $1840 to $5604. This is equivalent to a rise of about 2.8% to 8.3%. Cat B (Car above 1600 cc) saw the sharpest rise in premium of $5604/8.3%.


COE Bidding Results May 2013

CAT A     Car (1600cc & below) & Taxi


Quota Premium


Prevailing Quota Premium


Bids Received


Up $1840






  CAT B     Car (Above 1600cc)


Quota Premium


Prevailing Quota Premium


Bids Received


Up $5604






  CAT C     Goods Vehicle & Bus


Quota Premium


Prevailing Quota Premium


Bids Received








  CAT E     Open


Quota Premium


Prevailing Quota Premium


Bids Received


Up $4,400




Not only are consumers charged with high COE car prices that would even shock Fast and Furious stars Vin Diesel, Michelle Rodriguez, Gina Carano and Luke Evans, consumers also saw a rise in car financing interest rates. Banks and financial houses offering car loans have raised interest rates financing to about 2.68%.


The rise in interest rates came on the back after the Singapore government announced cooling measures in late February to cool the motor vehicle market, restricting the amount of financing that banks and finance houses can grant to car buyers. Car owners are expected to pay an increase in financing cost of at least 40% – 50% depending on the loan tenure and quantum of financing taken up.


And with the mobile ERP coming up, it seems like owning a car in Singapore is going to cost you not anything less than an arm or leg. Unless you strike lottery or have a rich dad, the most logical decision that would give you the most value out of your hard earned money would be taking public transport and cross your fingers that the train does not break down on you AGAIN.

Appendix: Other supplementary Singapore GDP statistics:


























































SGD Million











USD Billion



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