Who Should be Getting a Property Loan in Singapore

Who Should be Getting a Property Loan in Singapore
Who Should be Getting a Property Loan in Singapore

Properties in Singapore are very expensive and many buyers are looking to get a property loan in Singapore. There is the question of paying interest on property loans and comparing to others who might pay the property in full. Should a buyer take up a property loan in Singapore? The simple answer to this question is “Anyone under 65 who is having trouble paying property tax in Singapore”! But, it’s helpful to get a bit more insight into who would benefit from a property tax loan and who you should turn to for professional property tax help.
Typical Clients for Property Tax Loans in Singapore

1. Homeowners Who Have Been Unable to Pay by the End of January Deadline

As a homeowner, you can only qualify for a property tax loan at any time after the bill is due, if you don’t have a mortgage, or if you have a mortgage, any time after the deadline for paying your property tax bill, which is the end of January each year. Once you are considered delinquent, or even before if you don’t have a mortgage, specialists from leading property tax loan companies in Singapore can assist you with a fast and affordable solution.

2. Homeowners Facing Property Tax Foreclosure

A tax lien is placed on each home on the first of January every year by the local government. This lien is lifted when your property taxes are paid. However, if they go unpaid past the payment deadline, your local tax office is legally empowered to begin foreclosure proceedings that can result in the property being sold at auction in order to pay delinquent property taxes. If you are facing property tax foreclosure, having a reputable and authorized lender provide you with a comprehensive property tax loan will immediately pay off your outstanding property taxes, penalties, and interest, thereby halting foreclosure proceedings.

3. Business Property Owners With Delinquent Property Taxes

If you own a commercial property, you are also subject to annual property taxes. As with homeowners, failure to pay these taxes by the deadline will leave you delinquent and facing eventual future foreclosure. If you are in this situation, you can qualify for a property tax loan to pay off your taxes, interest, and penalties, preventing foreclosure and further financial penalties.
Choosing Reputable Property Tax Loan Companies in Singapore

Before applying for a loan to pay residential or commercial property tax in Singapore, it’s essential to do your homework and ensure you are partnering with a reputable and trustworthy loan provider.

The best property tax loan companies in Singapore will ensure:

1. Clear Communication

Only work with a lender who is clear and upfront about costs and fees, including late fees and interest rates.

2. Competitive Offering

Reputable lenders are willing to stand by their product. They should be able to compete and offer the best rates and benefits on the market, offering added value like no payments for up to 60 months, interest-only payments, escrow protection, and more.

3. Solid Reputation

It’s important to work with an established company with a reputation to stand on. Ask them how long they’ve been in business, what their rating on the Better Business Bureau is, and get testimonials from past or existing clients. They should also be licensed to provide these lending services and willing to point you to the local tax office if they see you are better served by their tax assistance programs.

4. Fast and Reliable Service

The consequences of delinquent property taxes are severe and it’s important that your lender can act quickly to pay your outstanding taxes, interest, and penalties to prevent further costs or property tax foreclosure.
Speak to Our Team for Professional Property Tax Solutions in Singapore

Singapore Banks has been assisting homeowners and business property owners in Singapore for over 70 years. We have the highest Better Business Bureau rating and have some of the strongest financial backing in the industry, which ensures our business is viable and will remain so for many years to come. We operate widely across Singapore.

To get help to pay your property taxes and avoid property tax foreclosure, contact us today or get a loan estimate by completing the form below.

Prolonging Wall Life With Better Finishing Materials

Prolonging Wall Life With Better Finishing Materials
Prolonging Wall Life With Better Finishing Materials

Remodeling a cellar can be pretty a process, however selecting the proper basement walls finishing can imply the difference among a terrific appearance and a gorgeous new room added to the house. distinct sorts of paints and surfaces may be beneficial in converting the overall appearance of a basement. but, numerous basement partitions finishing techniques can help in the basic remodeling undertaking as well as providing an tremendous end.

Previously, basement partitions finishing was confined to paint and in some cases drywall or other wall coverings. wooden furring strips have been commonly attached to the cement block partitions forming wall studs and the wall materials were connected to the strips. in many cases these were the most effective enhancements made, however it soon have become obvious that heating and cooling as well as air flow turned into necessary as in lots of conditions, the wood

At the partitions warped, or moisture might increase behind the new floor and spoil the wall.
It soon have become obvious that a moisture barrier turned into needed at the unique wall earlier than the brand new wall was installed. there are many basement partitions completing materials that can withstand excessive humidity, but taking steps to reduce moisture inside the air will insure longer-lasting partitions.

Once the finishing materials had been selected, how they’re mounted might be important to how lengthy they final. A moisture barrier at the inner of the exterior wall might be vital in addition to a mean of any moisture that does form on the internal to drip to the floor and be carried away with out negative the brand new partitions. normally made of metallic or ceramic materials, these drain channels fit in the back of the basement walls finishing and routes the moisture to ground drains, protecting the finish.

Moreover, area at the back of the basement partitions completing can maintain electric cables, smartphone strains and any plumbing. essentially, the made over basement is a room constructed inside an existing room, with heating, ventilation and all the ordinary facilities built into the brand new walls. With right planning additional, at ease living area can be delivered to the basement.
How the extra area could be used can assist decide the kind of basement walls finishing used. whether a simple paint process will offer the result desired or if installation of wall paneling or vertical timber paneling will higher healthy the plans for the room, can handiest be determined through the person acting the upgrade.

Singapore Investment Sales to Grow 5% Till 2024

Singapore Investment Sales to Grow 5% Till 2024

Singapore Investment Sales to Grow 5% Till 2024
Singapore Investment Sales to Grow 5% Till 2024

Singapore investment sales is forecast to develop five% consistent with 12 months on common over 2019 to 2024, notwithstanding an expected 24% y-o-y decline in 2020, says Colliers research.
primarily based on develop estimates from the Ministry of change and enterprise (MTI), Singapore’s Q1 GDP shriveled by using 2.2% y-o-y, experiencing the worst decline for the reason that global financial crisis.

Industrial funding sales slumped by using 46.9% q-o-q and 35.four% yo-y to $758 million, likely due to fewer belongings that may be invested and charge mismatch, Colliers says. this is boosted also by the slowdown in office condominium boom and the effect of the Covid-19 outbreak.
commercial

But, “a giant rebound in H2 in Singapore is possible given Singapore’s robust coverage response to Covid-19, reinforcing its safe-haven repute”, says Jerome Wright, senior director of Capital Markets at Colliers worldwide.

In the meantime, residential transactions more than doubled, surging with the aid of sixty eight.5% q-o-q to $2 billion in Q1 on sturdy government land sales (GLS). at the same time as builders had bid cautiously for those sites given the market uncertainties beforehand, call for remained sustained for brand spanking new apartment launches as well as landed housing and correct magnificence Bungalow sales, Colliers notes.

Inside the commercial sector, investment sales fell 50.eight% q-o-q, however extra than doubled y-o-y to $1.1 billion, anchored through Frasers Logistics and industrial believe’s (FLT) acquisition of Alexandra Technopark and Ho Bee Land’s tender for Biopolis segment 6 website.
however, merger and acquisitions in the business assets region is predicted to pick out up inside the 2nd 1/2 of the 12 months, says Steven Tan, senior director of Capital Markets at Colliers worldwide.

“Commercial assets stay appealing to qualifying investors due to their higher yields,” he says.
a number of the largest deals that took place in 1Q2020 consist of 5 residential GLS land sales totaling $1.4 billion and properties transferred throughout the FLT–Frasers commercial trust (FCOT) merger: China rectangular primary for $648 million, and Alexandra Technopark for $606 million.