SGLoanmart

27/11/2025

𝗪𝗵𝗲𝗻 𝘁𝗵𝗲 𝗠𝗶𝗻𝗼𝗿𝗶𝘁𝘆 𝗗𝗲𝗰𝗶𝗱𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗠𝗮𝗷𝗼𝗿𝗶𝘁𝘆: 𝗥𝗲-𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗩𝗼𝘁𝗶𝗻𝗴 𝗧𝗵𝗿𝗲𝘀𝗵𝗼𝗹𝗱𝘀 𝗳𝗼𝗿 𝗛𝗗𝗕 𝗨𝗽𝗴𝗿𝗮𝗱𝗲𝘀 𝗮𝗻𝗱 𝗘𝗻𝗯𝗹𝗼𝗰 𝗦𝗮𝗹𝗲𝘀⁣
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Two Tiong Bahru blocks recently missed out on the Home Improvement Programme (HIP) — not because residents opposed it, but because they didn’t meet the 75% approval required. A few “no” votes — or abstentions — cost the entire precinct much-needed upgrades.⁣
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This isn't just about HIP. In en bloc cases, 20% of owners can block sales supported by 80%. In both public and private housing, minority resistance often overrules majority support, causing stagnation.⁣
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Should the rules evolve?⁣
Is an abstained vote a clear "No"
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Proposed refinements include:⁣

• Reducing HIP approval from 75% to 70%⁣
• Lowering en bloc thresholds by 5% across categories⁣
• Introducing a maximum cap on disapproval — e.g. if 75% say yes and less than 20% say no, the project proceeds.⁣
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This would ensure minority voices are heard — but not at the cost of progress.⁣
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As estates age and infrastructure wears, policies must adapt to reflect real community intent, not just procedural hurdles.⁣

⁣The key question is no longer “Should we redevelop?” but “How do we move forward together?”⁣
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Permanent resident households are not eligible to vote Read more at The Business Times.

21/11/2025

Government May Ease En Bloc Rules — Lowering the consent threshold from 80% to 70% for older developments. 🏢🔧

The government is reviewing Singapore’s collective sale (en bloc) regime, and changes could be coming soon.

Why this matters:

✔️ Easier for ageing condos to secure enough votes
✔️ Potential increase in redevelopment opportunities
✔️ Owners of older properties may finally get a viable exit
✔️ Could revive Singapore’s muted en bloc market

Many ageing developments face high maintenance costs, declining resale values, and difficulty securing financing for buyers. A lower threshold could unlock stalled sites—but success still depends on developer appetite and price expectations.

Would you sell if your development goes en bloc? 🤔

Read more here: https://www.businesstimes.com.sg/property/government-reviewing-collective-sales-regime-reforms-may-be-cards

Industry players have pushed to lower the threshold of majority consent to 70% from 80%, to spur redevelopment of ageing properties Read more at The Business Times.

05/11/2025

💡 𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐑𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐇𝐨𝐦𝐞 𝐋𝐨𝐚𝐧?⁣⁣
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Now is the best time with interest rates as low as 𝟏.𝟒𝟓%, refinancing can help you:⁣⁣
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🏠 Reduce Your Monthly Payments – Save over $𝟏𝟎𝟎𝟎/𝐦𝐨𝐧𝐭𝐡 on a $800,000 loan.⁣⁣
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💰 Pay Less Interest Over Time – Cut thousands off your total interest costs.⁣⁣
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📈 Build Equity Faster – Own your home sooner as more of your payment goes toward principal.⁣⁣
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Don’t wait for rates to rise again — secure your savings today!⁣⁣
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👉 Chat with SGLoanmart to find the best home loan rates across all banks — quick, transparent, and hassle-free.⁣⁣
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📲 PM us directly to check your new rate.⁣⁣
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03/11/2025

📉 𝐅𝐫𝐨𝐦 𝟒.𝟓𝟎% 𝐭𝐨 𝟏.𝟒𝟓%? 𝐘𝐞𝐬, 𝐢𝐭'𝐬 𝐫𝐞𝐚𝐥.⁣⁣
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Interest rates are finally coming down — and it's the perfect time to 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧 and 𝐜𝐮𝐭 𝐲𝐨𝐮𝐫 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐫𝐞𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬.⁣⁣
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✅ Lower monthly instalments⁣⁣
✅ Save on interest⁣⁣
✅ Pay off your loan faster⁣⁣
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📲 Don’t wait — rates may not stay low forever.

03/11/2025

If you own an Executive Condominium (EC), you cannot take an equity loan on your property until after the 5-year Minimum Occupation Period (MOP) is over.

🏠 That’s because ECs are still considered public housing during the first 5 years. Only after the MOP, when your EC becomes semi-privatized, are you allowed to tap into your home equity.

📌 Equity loans (also called term loans or cash-out refinancing) let you borrow against your property’s value — often used for renovations, investments, or business expansion.

Plan your finances accordingly if you're an EC owner. Timing matters when it comes to leveraging your property!

06/10/2025

Late Payment and Defaults records are a key hurdle to getting a property loan.

Read here to find out how long before these records get purged out from the system.

Late Payment and Defaults – How Long Does It Stay on Record?

25/09/2025

𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐚 𝐥𝐚𝐧𝐝𝐞𝐝 𝐡𝐨𝐦𝐞? 𝐑𝐞𝐚𝐝 𝐭𝐡𝐢𝐬 𝐟𝐢𝐫𝐬𝐭.⁣
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🏠 If the landed property you're eyeing has unauthorised extensions or illegal structures, it could become a financing nightmare.⁣
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💡 Here’s why:⁣
When banks send valuers to inspect the property, any illegal works will be flagged in the valuation report. This can result in:⁣
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❗ A lower valuation⁣
❗ A reduced loan quantum⁣
❗ Or the bank may even decline financing altogether⁣
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Don’t let a dream home become a financial setback. Always check if the structure has been approved by URA/BCA and whether Additions & Alterations (A&A) or rebuilds were done with the proper permits.⁣
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If in doubt, speak with a broker or conveyancing lawyer before signing that OTP.⁣
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11/08/2025

📚 𝐖𝐡𝐚𝐭 𝐚𝐧 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐚𝐟𝐭𝐞𝐫𝐧𝐨𝐨𝐧 𝐚𝐭 𝐕𝐢𝐳 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞!⁣⁣
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A big shoutout to Bernard Choo and Viz Alliance for hosting us and bringing together a room full of curious minds and sharp entrepreneurs.⁣⁣
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From business working capital to property refinancing—we broke down real strategies that SME owners and homeowners can use right now.⁣⁣
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💬 Smart financing isn’t just about getting a loan—it’s about getting the right one.⁣⁣
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16/06/2025

🏡 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐑𝐞𝐦𝐨𝐯𝐚𝐥 𝐨𝐟 𝟏𝟓-𝐌𝐨𝐧𝐭𝐡 𝐖𝐚𝐢𝐭-𝐎𝐮𝐭 𝐏𝐞𝐫𝐢𝐨𝐝 𝐟𝐨𝐫 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐎𝐰𝐧𝐞𝐫𝐬⁣
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Minister for National Development Chee Hong Tat has indicated that the government may consider removing the 15-month wait-out period for private property owners looking to purchase HDB resale flats, should resale prices continue to moderate. ⁣
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This measure, introduced in 2022, aimed to cool the HDB resale market by requiring private homeowners to wait 15 months after selling their property before buying a resale flat. ⁣
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Recent data shows a slowdown in HDB resale price growth, with a 1.6% increase in the latest quarter, down from 2.6% previously. ⁣
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Stay tuned for updates on this potential policy change.⁣
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Read more here: https://tinyurl.com/awybtd4e⁣
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[SINGAPORE] The government may review or remove the 15-month wait-out period imposed on private property owners seeking to downgrade, when prices of public housing resale flats begin to moderate, said Minister for National Development Chee Hong Tat on Wednesday (May 28). Read more at The Business Ti...

16/06/2025

𝐁𝐞𝐰𝐚𝐫𝐞 𝐨𝐟 𝐃𝐞𝐛𝐭 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 𝐒𝐜𝐚𝐦𝐬 𝐄𝐱𝐩𝐥𝐨𝐢𝐭𝐢𝐧𝐠 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐜𝐡𝐞𝐦𝐞𝐬⁣
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Some debt consultancy firms are reportedly encouraging individuals to borrow more money to qualify for the Debt Repayment Scheme (DRS), a government initiative designed to help debtors avoid bankruptcy. These firms charge high fees and may lead clients into deeper financial trouble.⁣
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The Ministry of Law is proposing new laws to prevent such exploitation and protect vulnerable individuals.⁣
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Stay informed and cautious when seeking financial advice.⁣
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Read more here: https://tinyurl.com/vvujn6y3⁣
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MinLaw is proposing to make it an offence for debt consultancy firms to solicit for clients to file for bankruptcy. Read more at straitstimes.com. Read more at straitstimes.com.

12/06/2025

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞’𝐬 𝐁𝐢𝐠 𝟑 𝐁𝐚𝐧𝐤𝐬 𝐍𝐨𝐰 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐞 𝐂𝐏𝐅 𝐋𝐢𝐟𝐞 𝐏𝐚𝐲𝐨𝐮𝐭𝐬 𝐚𝐬 𝐈𝐧𝐜𝐨𝐦𝐞 – Here's What It Means for Your Home Loan Eligibility⁣
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Starting June 2025, DBS, OCBC, and UOB will officially recognise CPF Life monthly payouts as valid income when assessing credit card applications.⁣
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But here’s the bigger picture — this could change the game for many retirees applying for home loans too.⁣

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What’s CPF Life?⁣
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CPF Life is a national annuity scheme that provides monthly income for life starting from age 65. It's meant to support retirement needs, but until recently, many banks didn’t count it as income when evaluating creditworthiness.⁣
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Why This Matters for TDSR⁣
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If this trend extends to mortgage assessments, here's how it might affect Total Debt Servicing Ratio (TDSR):⁣
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Higher assessed income: With CPF Life payouts now recognised as income, retirees or part-time workers with CPF Life income might show stronger financial profiles.⁣
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Higher loan quantum: A higher TDSR ceiling could allow for bigger loan amounts or longer loan tenures — even for those past 55.⁣
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More flexibility for older borrowers: Seniors using equity term loans or downsizing can potentially unlock more value from their properties.⁣
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Caution: Not Yet for Property Loans (But Watch This Space)⁣
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While this announcement specifically targets credit card applications, it signals a broader shift in how CPF Life is viewed as part of income.⁣
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If MAS guidelines evolve or banks voluntarily apply the same logic to TDSR assessments, we could see a retirement-friendly boost in mortgage accessibility soon.⁣
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Stay tuned as we monitor how this may extend to mortgage underwriting. If you're a retiree or nearing 55, this could unlock new home financing options for you.⁣

Read more here: https://tinyurl.com/3sywkvaa
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Curious how this affects your loan eligibility? Chat with us today⁣
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[SINGAPORE] – Applicants for DBS, OCBC and UOB credit cards will be able to use their CPF Life payouts as proof of income under policy updates by the banks. Read more at The Business Times.

11/05/2025

May this Vesak Day bring clarity to your path and peace to your journey.

From all of us at SGLoanMart — wishing you safe travels, wise choices, and a heart full of compassion.