Singapore Property News
Singapore Property News Updates
March 2009
Maybank home loan deal may spark refinancing warMar 6, 2009 - The Business Times Brittany Khoo (SINGAPORE) Maybank has fired the first salvo in what is likely to become the 2009 home loan refinancing war, as new property transactions slow down and banks try to poach one another's customers to boost their mortgage books.
The bank yesterday announced a three-year fixed rate home loan refinancing package, throwing in free legal and valuation fees. The interest rate for the first year starts at 1.6 per cent, rising to 2.2 per cent and 2.9 per cent for the second and third year respectively.
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Punggol resale flats close the price gapMar 6, 2009 - The Straits Times Jessica Cheam PRICES of resale HDB flats in Punggol have fallen in recent weeks to the point where they are now around the same level as new ones launched barely two months ago. Normally new flats are markedly cheaper than resale ones as the Housing Board 'deeply discounts' their price to prevailing market values as a form of subsidy to first-time home buyers. But the worsening recession, fragile job market and weak property sector have closed this 'discount gap' to virtually nothing in some cases, making resale homes as attractive as new ones. *********************************************************************** For more information on the news.. http://www.propertyguru.com.sg/news
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Jess Choong
Senior Marketing Manager
ERA REALTY NETWORK PTE LTD jess_sg_property@yahoo.com.sg
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