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.
Do you feel that Singapore is becoming more and more expensive to live in?
In fact, on an article that appeared on 'Dollars & Sense' recently, it was predicted that by 2050, one plate of chicken rice will cost about $9.16, which amounts to be approximately 2.6 times the cost today.
Are there limitations to what hospitalization & surgical insurance can cover other than the Annual Deductibles or Co-insurance?
A CPF Nomination allows CPF members to determine who will receive their CPF savings & how much each nominee should receive. One does not need to make a CPF Nomination if the intention is to distribute the CPF savings under the Intestate Succession Act or the Inheritance Certificate (for Muslims).
Jason Ow S. H.
Senior Financial Consultant