Recent mortgage restrictions will affect investors who have existing property loans, as they will face greater limitations when seeking a new loan for their next property purchase. Middle-income investors with property loans and other debts such as car loans could exceed the 60-percent property loan threshold stipulated by the Monetary Authority of Singapore. Also affected are individuals who have a higher proportion of variable income out of their monthly gross income. Least affected are cash-rich investors and foreigners who can afford to buy properties with less mortgage exposure.
As the government continues to bring in measures to maintain a sustainable and stable property market and ensure financial prudence amongst investors, buyers will search out lower-priced properties. This may lead to developers including more smaller units in their projects. With the strong Singapore dollar, you may want to consider purchasing an overseas property. The weakening of the Australian dollar is worth watching.
My hot properties to rent or buy in Singapore
Beautifully and completely renovated, this three-level detached corner house has everything an expat could desire. That includes a projector room and playroom, six ensuite bedrooms and a spacious front garden – snap up this rare opportunity.
Size: 5,500 sq. ft
This large, renovated house in Serangoon Gardens has four good-sized ensuite bedrooms and a spacious living and dining area. With a deck, balcony and huge garden, this is the perfect family home.
It is just a 15-minute walk from the Australian, Stamford American and French international schools and minutes from a bus stop. Banks, a supermarket, eateries, shops, a wet market, well–known Chomp Chomp Food Centre, churches and Nex mall are also within walking distance.
Size: approx. 4,950 sq. ft
Be the first to live in this private apartment situated in the prestigious Robin Road area, off Stevens Road and close to Orchard Road, Newton MRT station, numerous bus services and the PIE motorway. These new units are spacious with good-sized rooms including a living area, a balcony, a large kitchen and a spa bath. Corner penthouse and ground floor units available.
Size: 1,480 sq. ft
This reasonably priced, immaculate mid-terrace house is a pleasure to walk into. Situated in a quiet street near Sixth Avenue and Jelita Cold Storage supermarket, it is spacious and has been beautifully renovated. The rooms are of a good size and the house is light and bright. It has four bedrooms and four bathrooms (master with spa bath), wet and dry kitchens, a large roof terrace, plenty of storage and off-street parking for one car.
Size: 3,000 sq. ft
Type: terraced house
This beautiful and rare bungalow is one in a cluster of four in the exclusive area of Chatsworth Road. Surrounded by lush greenery in a tropical resort-like setting, it is also within walking distance of the vibrant Orchard Road shopping area and several international schools.
RENT: $25K (includes maintenance)
Land size: 7,700 sq. ft