Money Lender

Last night i took over a colleague's car and parked it at my house the multi-storey carpark. Thought i can transfer the remaining season parking from the Mazda to this bulky Hyundai. Reach home open up the HDB website then they say cannot, ask me go to nearest branch during office hours. TMD~!!

This morning when i went to take my car, i saw this slim white colour note on my windscreen from afar. Really thought it's a parking fine but its not.. it was a namecard size flyer??
Observation and Analysis:
1. I've done a search on Bizfile, its not a registered entity.

2. What kinda company answer phone calls from 2.30pm - 8pm? I'm thinking this guy must be in the night business. Only free to pick up calls when he wakes up at 1pm and before he goes to work at 9pm.

3. All types of loans = Daily, Weekly and Monthly payment*. Shouldn't it be like Mortgage loan, Investment loan, business loan etc? Btw, is daily and weekly repayment suppose to be a plus point?

4. Easi approval in less than 30mins. How easy is easi? 30mins for him to contact RunnerA, RunnerA to sms RunnerB, RunnerB to BBM RunnerC, etc all the way to the Ah Long right?

New Regulations to Control Property Prices

I don't care if you're interested in this or not, i'm just writing this out to sort out my thoughts.

National Day Rally:
a) Allow households earning between $8,000 and $10,000, to buy new DBSS flats with a $30,000 CPF Housing Grant;
(b) Increase the supply of new flats, Design, Build and Sell Scheme (DBSS) flats, and Executive Condominiums (EC);
(c) Shorten the completion time of Build-To-Order (BTO) flats;
(d) Increase the Minimum Occupation Period (MOP) for non-subsidised flats to 5 years; and
(e) Disallow concurrent ownership of both HDB flats and private residential properties within the MOP.

Taken from HDB

On top of that, 2nd property can only loan up to 70% of the valuation.

What happens from here then?

Home owners will stay put unless they have the intention to upgrade. Investors may be looking to dump private properties now as prices are still high. Market prices should simmer or dip but nonetheless will trend to hold position as rental will go on strong. Following Q4, private property will be meeting low transaction period, new developments/launches will restrict supply if prices fall drastically with the onset of high HDB supply.

What should you do??

Private Property: Sell high, rent and then buy low later.

HDB: Should take the opportunity to grab DBSS now. If not, then just wait for private property prices to dip... if it happens!

HBD Hotlines:

Sales/Resale Customer Service Line : 1800 8663 066

Branch Office Service Line : 1800 2255 432