The loan-to-value limit for HDB loans has been lowered from 85 per cent to 80 per cent, while property loans from private financial institutions will see an increase in medium-term interest rate floor by 0.5 per cent.Continue Reading
What are the property cooling measures that took effect on Sep 30 and how will they affect your ability to take up home loans? What happens if you are selling your private property to buy an HDB resale flat?Continue Reading
TOKYO — When Larry Summers says it’s bad, you know it’s bad. Ex-Treasury Secretary Summers made his bones amid the wreckage of the 1997-98 Asian financial crisis. Summers was a key member of the financial fire brigade tending to — and at times making worse — a blazing meltdown that left big scars. As such, […]
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Part 1 of this series concluded that “currency hedging is not just costly and in some countries prohibitively so, preventing companies access to credit and grow, but it brings a misallocation of talents in a floating world.” Historically, countries have not managed exchange-rate gyrations well. Their experiences, Japan being prominent, show how accurate Paul Volcker was […]
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SINGAPORE: The Government will tighten maximum loan quantum limits and introduce the 15-month wait-out period for private home owners buying Housing Plank resale flats, as part of new residence cooling measures to market sustainable property marketplace conditions. The Loan-to-Value limit for HDB financial loans will also be lowered from 85Continue Reading
INCREASE WAIT-OUT PERIOD Private home owners will have a 15-month wait-out period before they can purchase a non-subsidised HDB resale even. This will kick in once they have sold their property. The new principle will also apply to people who sold their personal property prior to posting an application toContinue Reading
Private home owners will now have to wait 15 months after they sell their property before they can buy an HDB resale flat. Continue Reading
The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]
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G7 financial markets avoided a threatened crisis September 28 when the Bank of England announced £45 billion of emergency government bond purchases. That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks. The British central bank, the world’s second oldest, had no choice: […]
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TOKYO – Wall Street suits, run for the hills. So far this year, the surging dollar has left a trail of carnage across Asian and European economies, currencies and bourses. Now, it is likely headed for home territory. Count Michael Wilson, Morgan Stanley’s chief US equity strategist, as among those fearing the dollar’s rally is […]
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