Super Low Interest Rates: Is Covid-19 Actually the Best Time to Buy Property in Singapore?
The sharp dip at the very end of the graph? That's how drastically interest rates have plunged in 2020.
With home loan interest rates at an all-time low, it could actually be a good time to enter the property market in Singapore. Tap in for a quick guide!
And the most popular neighborhoods to live in among Carousellers are…
You'd think everyone would dream of living in a plush downtown suite with a view of Marina Bay and all that jazz. But where would Singaporeans really like to live?
We checked out how many Carousellers tapped into property listings in each neighborhood to find out which are the most popular estates to live in. P.S. Take a guess before you tap into the article!
HDB Resale Prices: January - March 2020
We looked at ALL of the HDB resale flats sold so far this 2020, and compiled the median average prices of homes in each neighborhood.
Read the full article to find out how the Singapore HDB market has been holding up amid the Covid-19 situation:
HDB Rental Average Prices (2020): How Much is Your HDB Flat Worth?
If you're the owner of, for example, a 5-room HDB flat in Queenstown, you could be earning an additional $30,000+ a year. We repeat: $30,000+.
HDB Resale Average Prices: How Much is Your HDB Worth In Q4 2019?
HDB flats in Geylang dropped in value by as much as $170,000, while those in Pasir Ris increased by over $80,000.
Million Dollar HDB Flats in Singapore: Where Are They, And Why So Expensive?
The most expensive HDB flat sold in 2019 (and, like, ever): A 5-room HDB flat along Boon Keng Road that costed $1,205,000.
Here's what else made the million dollar mark in Singapore's HDB market:
Would You Buy an Older HDB Flat If It’s 1/3 The Price?
We calculated the average prices of all the 4-room HDB flats sold this 2019, according to the year they were built.
Zooming in on Bishan, a 4-room flat built between 1970-1979 costs an average of $328,000 while those built from 2000 onwards costs an average of $819,000. Which would you pick?
The Cheapest Rentals in Singapore This 2019: Studio Apartments Below $1,500/Month
We used URA’s record of condo rentals to find 10 of the cheapest condo studio apartments for rent in Singapore.
And the cheapest condo for rent is...
Forestville, an Executive Condominium in Woodlands. Would you rent here for $1,000 a month?
HDB Room Rental Average Prices (2019): How Much is Your Room Worth?
We're always really proud to say that Carousellers earn an average of $800 a month renting out their spare room in Singapore.
So we dug a little deeper and compiled the average room rental rates according to district and room type:
Upcoming BTO Flats in Mature Estates (2019): Bishan, Tampines, and More
Word on the street is that Bishan might see 1,504 BTO flats, consisting of 2, 3 and 4-room units, by 2025.
And it'll be the first BTO flats in Bishan in 20 years – the last time new flats were built in Bishan was waaaay back in 2006.
Click in to check out our review and price projections of upcoming BTO flats in Singapore's well-loved mature estates!
How Much Must I Earn to Afford a HDB Flat in Singapore? (October 2019)
A home is probably the biggest purchase you'll make in your life (unless you're into the private jet life or something, idk). And that hundreds of thousands of dollars must sound extremely daunting.
So we broke it down for you! Taking into account things like HDB loans and grants, here's the minimum monthly salary to afford a resale HDB flat in each neighborhood.
P.S. Read the full article to check out how we arrived at these numbers!
HDB Resale Average Prices: How Much is Your HDB Worth in Q3 2019?
And the most expensive HDB flat – sold for $1,205,000 – goes to a 5-bedder in Boon Keng.
What about your HDB flat?
We looked at ALL of the HDB resale flats sold over the past quarter and compiled the average prices of homes in each neighborhood:
The COMPLETE List of Grants for Buying a HDB Resale Flat in Singapore (2019)
Psst! Your HDB flat could be $160,000 cheaper.
HDB has just introduced a new Enhanced CPF Housing Grant (EHG), available to eligible buyers regardless of whether they get a BTO or resale flat.
With that, BTO applicants can get a grant amount of $80,000, while resale HDB flat buyers can get up to $160,000 (twice as much, you guys!).
Which makes the prices of resale HDBs much more comparable to BTOs. So don't strike out the resale option just yet!
Increased HDB Housing Grants and Higher Income Ceilings For HDB Flat Buyers (September 2019)
HDB just announced big changes to their home-buying schemes, making it easier for Singaporeans to afford their HDB flat of choice.
The 3 big changes: Higher income ceilings, higher grants, and more flexibility to pick your HDB flat size and location.
Here's a sneak peek:
HDB Rental Average Prices: The Cheapest HDBs to Rent in Singapore (July 2019)
Over the past quarter (April to June 2019), 12,335 HDB flats were rented out in Singapore. And the cheapest ones were located in...
Check out the latest resale prices for Q2 2019!
HDB Resale Average Prices: How Much is Your HDB Worth in Q2 2019?
For the same price, would you rather live in a 3-room HDB flat in Bukit Timah or a 4-room HDB flat in Ang Mo Kio?
Check out the latest resale prices for Q2 2019!
One Pearl Bank: Singapore’s Beloved Pearl Bank Apartments Just Got a Stunning Makeover
Looks familiar? One Pearl Bank's curved towers and outstandingly photogenic facade is designed to be reminiscent of the original Pearl Bank Apartments.
We'll let the pictures do the talking!
Buying a HDB Flat: What are Your Chances of Scoring a BTO?
This May 2019, HDB is releasing BTO flats in Tengah, Woodlands and Kallang/ Whampoa.
How Much Must I Earn to Afford a HDB Flat in Singapore? (April 2019)
Spoiler alert: You can afford to buy a HDB flat in Singapore even on a fresh grad's salary.
P.S. Read the full article to find out how we did our calculations!
HDB Resale Median Prices: Which Estates Had The Biggest Price Drops From 2018 to 2019?
The biggest price drop: 4-bedroom HDB flats in Central transacted at a median price of $638,934 this quarter, down from $820,589 just 3 months ago. Yikes.
HDB Rental Median Prices 2018: The Cheapest HDBs to Rent in Singapore
We compiled all of HDB’s 2018 rental statistics for each estate in Singapore, because we thought you'd like to know.
Making Money With Your HDB Flat: Districts With Biggest Increase in HDB Prices
Somewhere out there, a HDB flat owner just got $100,000 richer in just 1 year...
HDB Resale Median Prices: How Much is Your HDB Worth in Q4 2018?
HDB reported an overall dip in resale prices over the past quarter.
OrangeTee & Tie head of research Christine Sun suggested this might be because of increased supply, with new HDB flats reaching their Minimum Occupancy Period (MOP). Which is why districts with recent surges in the supply of BTO flats, such as Punggol and Sengkang, saw the biggest drops in HDB resale median prices.
HDB Resale Median Prices: How Much is Your HDB Worth in Q3 2018?
We compiled all of the prices of resale HDB flats sold from July to September 2018. How much is your home worth?