With effect from 10 May 2019, buyers will be able to utilize more of their CPF for home purchases as long as the remaining lease of the home can cover the youngest buyer until at least the age of 95.
Singapore's property market got a shock when the Government unexpectedly introduced yet another round of cooling measures with immediate effect from 5th July 2018.
Came across this article on Yahoo Finance recently & got concerned on a couple of points brought up.
National Development Minister Lawrence Wong has cautioned home buyers not to assume that all old Housing Board flats will be automatically eligible for the Selective En bloc Redevelopment Scheme (Sers).
Federal Reserves may start unwinding the $4.5 trillion in bonds on its balance sheet starting this year.
This is significant due its sheer size and the impact it could have on markets, which will most likely result in a rate hike. In fact, shrinking the balance sheet can affect interest rates in several ways.
The Government has announced the easing of following property cooling measures:
1. Seller's Stamp Duty (SSD) holding period reduced to 3 years;
2. SSD rates lowered by 4% points for each tier.
3. Total Debt Servicing Ratio (TDSR) threshold will no longer apply to mortgage equity withdrawal loans with loan-to-value (LTV) ratios of 50% & below.
Jason Ow S. H.
Senior Financial Consultant