🏡 Building your own sanctuary is a dream. Now let's talk about the realities: everything it costs to get there.
Conversation in My Home and I
Will the Regulated Electricity Tariff continue to drop?
My contract with Geneco expired last month, so I no longer enjoy "free" electricity every month! The final push factor for me to revert back to SP was Grab "killed" my rewards which I used to pay Geneco to enjoy "free"!
I am expecting the quarterly tariff to continue to drop before I activate my next action plan.
What are your plans?0 0
Request for credit card annual fee waiver
I would like to request for my credit card annual fee waiver.0 30
Annual Fee waiver
Jz would like to double check if I hv requested for a fee waiver for the annual fee this year?0 4
Young adults: Are you for owning vs renting a house? Let's discuss!
Hi fellow young adults! Rent or buy? The decision is an eternal real estate debate and it's made more complex as both have robust advantages and disadvantages.
Had an interesting chat with my friends over the weekend regarding the matter post announcement of the property cooling measures and i'd like to know what your thoughts are!
Are you team buy or team rent, and why? Make your case by 27th Dec and you might just get a lil' voucher!
Here's a guide we have to renting or buying your first home: Click here!2 6
Should we take out a renovation loan?
My husband and I are looking forward to getting the keys to our BTO by the end of this year. We're excited to renovate and design our space but have different ideas on how to get this done.
I want to have the entire flat renovated and fixed in one go which would mean taking up a renovation loan. He on the other hand would prefer to spread out the expenses and renovate room by room.
Needing some outside advice here... What would you do?0 0
Bank Loan with Free Conversion
Is this free conversion means we do not need to pay for the admin fee when we do repricing?0 2
[AMA closed! Read our responses] We work in DBS Property Marketplace. Ask us anything! 🏡
Opens 30 August 2021 - start asking your questions below NOW
Excited to share yet another exclusive Community Ask-Me-Anything (AMA) segment. This week, we invite experts from DBS Property Martketplace to answer your questions—from home ownership to the best ways to refinance your loan, or simply to find out what the team's own home-buying journey looks like. 😉
Ask DBS Property Marketplace anything about…
❓ Should I go for a bank or HDB loan? 🤔
❓ BTO or resale? 🤷
❓ How much can I afford for my property? 💰
❓ How do I map out milestones in the journey? 🗺️
The AMA thread will be OPEN from 30 August to 5 September, during which our Property Marketplace team will be popping in to answer and engage with all of you.
It's simple: ask a question, get it answered. 👌 Look out for the @DBS handle and you'll know it's an official reply.
Bonus: To encourage insightful questions that will help our other members to learn and grow, the community team will pick *10 members to receive a S$10 eCapitaVoucher from us at the end of the AMA.
This AMA is intended to be an informative and educational session for members of The Burrow to learn from a topic expert at DBS. Questions can be submitted via this thread and will be answered at any time between 30 August to 5 September (when thread officially closes). Do note that Original Poster (OP) will not be addressing questions on financial advisory/stock picks and/or queries of a similar nature. Community Managers reserve the right to remove any questions that are not relevant and/or defamatory at their own discretion. Please refer to the Community Group Rules as a guideline.
Community Managers reserve the right to select 10 questions at their own discretion to receive a S$10 eCapitaVoucher, based on clarity and usefulness of question asked. Priority will be given to new Community members (between week of 16 August to 5 September) and members who are making their first community post.1 41
Switching from HDB loan to bank loan
Any good guides for learning on the processes involved for switching from HDB loan to bank loan, including changes to lock-in, capital repayment etc?
(@HeyAnna - maybe a learning unit?)0 2
Rent or buy my first home?
Are you single 🙋♀️ and ready to fly the coop? Or looking to settle down with your life partner and begin a new chapter 💍?
Here's a quick view of differences between the two to aid your decision-making.
Here's the links to the resources we shared above:
Should you get a HDB, EC or go private?
5 tips for first-time home buyers
Single's guide to buying a HDB flat
5 things to lookout for in the Tenancy Agreement0 0
Would you spend S$1 Million or more on a resale HDB?
There are more of these million dollar transactions happening. Are they for investment? Out of need? What factors would you look at if you are buying a resale priced at a million or more?0 0
Are you living with your folks and looking to move out ASAP?
Get a headstart on independence as a 20-something with 7 tips in mind (also applicable to anyone looking to move out!)
TLDR: Moving away from home and fending for yourself at an earlier stage of life is not going easy.
Have at least 3 to 6 months’ worth of emergency savings
Adhere to the Debt Servicing Ratio of less than 35% of your income
Use a financial tracker like NAV Planner to budget everything
Cook your own meals ✅ Eating out regularly ❎
Leverage on credit cards with cashback for groceries, utilities or bills
Find a sustainable side hustle for an added income stream
Split expenses with a roommate where possible
Prepare your mind and wallet for one of the big pillars of Adulthood. Read on to learn what millennials have to say about financing your first move.1 1
Resale or BTO/SBF?
Given the rising prices of resale flats, but increasing wait times for BTO, which is a better option? Can resale be as affordable as BTO/SBF?0 2
Renovation loan tips
Any tips on getting a renovation loan? What are the pros and cons of getting one?0 3