Budget 2023 has announced a series of higher housing grants to better support you and your family in purchasing your first home. This article summarizes all the available grants that you can consider when purchasing a HDB resale flat. Higher Housing Grants for First-Timers Families purchasing resale flats 1.CPF Housing Grant (Families) For first-timer families […]
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Along the picturesque streets of Chinatown, conservation shophouses have always been a highlight of Singapore’s streetscape especially in conserved areas. Beyond seeing it as part of our landscape, shophouses are also great financial assets yet not many have explored the value of it. If you are interested in owning a piece of history for its […]
This post was originally published on Redbrick Blog Section
Are you dreaming of buying a home in Singapore? The first step is understanding the all-important down payment. We’ll break it down into simple terms and guide you through the process. What’s a Down Payment? When you’re buying a home in Singapore, the down payment is like your first financial commitment to the property. It […]
This post was originally published on Redbrick Blog Section
So, you’ve got your sights set on a brand-new condominium launch, and you have saved up enough for the downpayment to make the purchase. But, what’s next? In Singapore, BUC refers to private properties, often condominiums, before they receive their Temporary Occupation Permit (TOP). They can be either new launches or projects that are nearing […]
This post was originally published on Redbrick Blog Section
Every owner’s top priority is to maximise interest savings and reduce monthly repayments. However, in the ever-changing interest rate environment, it may be a challenge to decide on whether to reprice or refinance. Let us bring you through each strategy, and hopefully you will be able to make an informed decision on which option better […]
This post was originally published on Redbrick Blog Section
What is CPF & what can it be used for? If you don’t know yet, 20% of the gross income of all Singaporeans and PRs below 55 years old is directed into their CPF account. CPF acts as a social security net and offers a savings account for your mortgage repayments. You will have 3 […]
This post was originally published on Redbrick Blog Section
Renovating your home can be a substantial expense. Depending on your choice of design theme, scope of work involved, resale or new flat, private or HDB, the entire renovation cost can vary greatly. According to interior design platform Redbrick Homes, the expected renovation cost can range from $30,000/$40,000 (3-room HDB BTO/Resale flat) to $50,000/$65,000 (5-room […]
This post was originally published on Redbrick Blog Section
Thinking of purchasing your first home? Purchasing a property is a significant financial decision. It is important to plan your finances and budget before commencing your property search. Understanding the foundations of getting a mortgage can help you move through the process of financing your home loan with confidence, making decisions that are well-informed and […]
This post was originally published on Redbrick Blog Section
Overview of Mortgage Insurance and Its Purpose When you think of insurance, the first type of insurance that crosses your mind is probably: health insurance. Or even life insurance, accident insurance, car insurance, travel insurance or house insurance. Mortgage insurance, to many, is a foreign term. However, it is an important type of insurance too. […]
This post was originally published on Redbrick Blog Section
Unsure about the legal processes behind buying an uncompleted property? Buying a new property is no small liability, and it may seem like a confusing task, but don’t worry! Let us guide you through the steps and everything important you have to know when buying an uncompleted property. Let’s start off with the processes you […]
This post was originally published on Redbrick Blog Section