Klive Aw - Home is Good

04/10/2022

With the rising interest rates, it is important to exercise prudence.

How does the latest cooling measures affect you?

⭐️Starts today, 30th September 2022 based on option to purchase dated from today onwards.

For Private Home Purchase
🔺Raise by 0.5%-point the medium-term interest rate floor used to compute the Total Debt Servicing Ratio (TDSR). Increased from 3.5% computation to 4%.
🔺The above also applies to new mortgage equity withdrawal loan applications.
✅Borrowers refinancing owner-occupied property loans will not be affected by this change!
🔺

For HDB Home Purchase
🔺Raise by 0.5%-point the medium-term interest rate floor used to compute the Mortgage Servicing Ratio (MSR). Increased from 2.5% computation to 3%. This means that housing loans granted by HDB, HDB will introduce an interest rate floor of 3% for computing the eligible loan amount.
🔺Loan-to-Value (LTV) limit for HDB housing loans from 85% to 80%. But if you are taking a bank loan, it will remain as 75% Loan-To-Value
🔺A wait-out period of 15 months for private residential property owners (PPOs) and ex-PPOs[1] to buy a non-subsidised HDB resale flat. The wait-out period will not apply to seniors aged 55 and above who are moving from their private property to a 4-room or smaller resale flat. If aged 55 and above, cannot buy 5-room or bigger resale flats, have to wait out after the 15 months period.

For Private Non-Residential Property Purchase
🔺Raise by 0.5%-point the medium-term interest rate floor used to compute the Total Debt Servicing Ratio (TDSR). Increased from 4.5% computation to 5%.

Let’s chat more if you wish to understand more about the cooling measures and how it affects you.

Klive Aw
Most Trusted Realtors
R062816Z
+65 8759 3838

01/08/2022

Starting from $370,000

9 reason why this unit is

- Amenities just below the block!
- Multiple eateries and cafes.
- Scenic unblock view
- Well maintained, good condition
- Spacious & Squarish Living Area
- Very Serious & Motivated Seller
- Walking Distance to wet market/famous restaurant/Hawker center
- Kheng Cheng , Marymount school within walking distance.
- few minute walk to Braddell MRT.

Call/Text me for an exclusive viewing! happy to serve you
Klive
R062816z
8759 3838

24/07/2022

Amidst market sentiments where rising interest rates have place doubts on some of us on whether it’s a good timing to take action and take advantage of this opportunity, others have gone ahead to proceed to purchase AMO Residences in the heart of heartland Ang Mo Kio at a significant record average price of $22xx psf!

With rising construction costs due to the inflation hikes and constant rising of land bid prices, knowing that prices of private non-landed homes will continue to soar in the future! With the successful launch of AMO Residences, we reckon that the next nearby launch, Lentor Modern is going to scale new heights with confidence!

To be able to sell 97% of the units on 1st day of launch, is remarkably outstanding, which also seems to be simply a repeat of 2017 when the same opportunity lurk!

Are you seeing danger or opportunity? Hit me up and let’s has an open discussion on your perspective while I show you mine!

Klive Aw
Most Trusted Realtors
R062816Z
8759 3838

20/07/2022

⭐Rare 3 room flat renovated, Do Not Missed Out.⭐
⭐Exclusive Listing⭐

8 reason why this unit is your next dream home!
⭐Near lift landing
⭐Mid Floor
⭐Moved in condition, well maintained, view to believe
⭐ 2 spacious bedroom + 1 study room.
⭐Very Serious & Motivated Seller
⭐Walking Distance to wet market/famous restaurant/Hawker center
⭐ Good school nearby such as Peichun, CHIJ and many more
⭐ near to Braddell MRT

Call me for any enquiries or viewing appointment 87593838!

15/07/2022

⭐Rare Executive Apartment, Do Not Missed Out.
⭐Exclusive Listing ⭐
⭐$1,250,000 ,1540sqft ⭐

✨EXTREMELY RARE EA UNIT For Sale at 99a Lorong 2 toa Payoh
✨ Designer unit that was featured in multiple magazine.
✨Point Block, Highfloor, Balcony unblock city view.
✨ Main Door facing North East
✨ Well maintained, well renovated minimalist design.
✨ Master room combined with 1 common room, Beautiful design
✨Spacious & Squarish Living Area
✨ Very Serious & Motivated Seller
✨Walking Distance to wet market/famous restaurant/Hawker
✨Kheng Cheng , Marymount school within walking distance.
✨4minute Walk to Braddell MRT.

📞Call 87593838 for viewing appointment📞

Klive Aw
87593838
PropNex
R062816Z

30/06/2022

Hasn’t it been scary to hear that the banks are expecting bank mortgage interest rates to hit 4% because the US Fed Rates have been increasing lately.

What you didn’t know of:

1. The US Feds are trying to curb inflation by increasing interest rates just enough without causing a recession.

2. The US economy has recovered and is now considered healthy enough to take the shocks of increasing interest rates.

3. Based on the last round of hike of interest rates in year 2015, when the US Economy was experiencing economic recovery, it took 5 years to hit its peak. Which in this chart, we can see that at that point SIBOR was max at 2%. With bank spreads, it was also hovering about 2.8% averagely.

4. Eventually, after increasing the Fed interest rates, it also creates more “debts” for the Feds to clear. Which led to the 4th round of QE in year 2020, which instigated the Feds to reduce the Fed rates thereafter.

5. Most importantly, in Singapore, we are blessed that our banks are now offering floating loan packages with the SORA rates, which is significantly lower and more stable than SOR and Sibor as show in the charts above.

6. Well, the prediction of the 4% interest rates that are showing on the news are referring to the fixed rates packages which are a little on the higher spectrum at the moment. The current floating packages could be as low as 1.23% versus fixed rates of 2.65%.

7. With such great disparity in percentage between the fixed and floating rate packages, I would advise to go with the floating package since it takes a long time to catch up.

8. If you are sitting on the fence, undecided… I urge you to take action and buy a property today, so as to enjoy the lower interest rates of today’s value!

Klive Aw
Most Trusted Realtors
R062816Z
8759 3838

11/06/2022

Rare Walk Up Apartment In Tiong Bahru Estate

Sale Price - 640,000 View to offer!
10 Reasons to make this your home

Pure Selling

-Huge and spacious 3-room flat
-Comes with balcony
-Low Density peaceful environment
-Living room East-facing
-Bedroom North-facing
-400m to Tiong Bahru MRT and Havelock MRT
-Tiong bahru Market and Tiong Bahru Plaza is just within 300 meter
-Countless of reputable schools within 2Km Radius such as CHIJ St Theresa Convent, Crescent Girls , River Valley Pri, Radin Mas Pri.
-Childcare and Community centers are within walking distance
-Many good eateries within the vicinity, do not need to worry about what to eat everyday.

Do not miss out on this lovely and centrally located unit. Do contact me today for an exclusive tour / viewing or if you need more information at 93893608 /87593838

28/05/2022

Listed Price at $$1,188,888

Rare Executive Masionette, Do Not Missed Out.
********* Exclusive Listing *********
12 reason why this unit is
- EXTREMELY RARE EM UNIT For Sale at 236 Lorong 1 toa Payoh
- Spacious Unit
- 2nd corner unit ( privacy )
- High Floor
- East Facing
- Moved in condition, well maintained, view to believe
- Bright and Windy
- 3 spacious bedroom + 1 study area.
- Spacious & Squarish Living Area
- Very Serious & Motivated Seller
- Walking Distance to wet market/famous restaurant/Hawker center
- Good school nearby such as Peichun, CHIJ and many more
No extension and pure selling!

Do not miss out on this lovely and centrally located unit. Do contact me today for an exclusive tour / viewing or if you need more information at 93893608 /87593838

https://www.propertyguru.com.sg/listing/hdb-for-sale-236-lorong-1-toa-payoh-24017271

16/05/2022

New Listing !
717,000SGD Negotiable

FOR SALE HDB 5room 7 Ghim Moh Road

For Low floor lovers! Co-Broke most welcome

-Serious Seller
-PRICED to Sell
-Owner Occupied
-Squarish Layout
-Quiet & Peaceful Unit
-1min Walk to Market / Food Court / Amenties
-Short Walk to Buona Vista MRT (EW line / CC line)
-Near to Malls (The Star Vista & Rochester Mall, Holland Village)
-Near to Many Top Renowned Schools (Schools like ACJC, Henry Park -Primary, Fairfield Methodist Primary)
-NO Extension

Do not miss out on this lovely and centrally located unit. Do contact me today for an exclusive tour / viewing or if you need more information at 93893608/87593838

01/05/2022

Hey Friends!
I share my opinion on Rising Mortgage Interest rate and the fact that interest rate *ALONE* will not affect Singapore property prices
connect with me below.
Instagram : kliveajj
Wechat : S2Glow
HP : 8759 3838

01/05/2022

Assisted 2 seller, 1 buyer and 1 landlord,
Thank you for my client trust to to smash the record (p.s we transacted $148k above the last transacted) with and spot value buy in a sellers market
Looking for a realtor who goes the extra mile? It is time to to today!

18/04/2022

It’s actually rebounding even earlier than what we expected!

New home sales is a good indication that the overall market demand is increasing in Singapore. We all know that not everyone is in the position to buy new homes, because most of us would need to dispose off our current properties to encash the cash and CPF proceeds for our next home. Unless you belong to the following 3 groups of buyer categories:

1) 1st time home buyer without any properties in your name.

2) A home upgrader who is willing to rent a place in the interim while waiting for the new home to obtain its TOP.

3) Thinking of investing in a new home for better capital appreciation returns

Else, you would likely not consider buying a new home under construction.

We were projecting that new home sales were going to only pick up sometime in mid May this year with a 6 months downtime from the aftermath of the recent cooling measures on 15th December 2021, just like the last round of cooling measures in July 2018. It seems that the first movers have taken action ahead of our projection.

If you are looking to buy a new home or a resale home but taking the wait and see approach, we think there is no better time than now to decide on it. This would give you more options and choices as compared to later when the masses take action.

Klive Aw
Most Trusted Realtors
CEA No. R062816Z
8759 3838

SINGAPORE: Sales of new private homes rose by 20.7 per cent in March, rebounding from a sharp decline in the previous month. Excluding executive condominiums (ECs), developers sold 654 units last month,