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Daily Briefing: Phoenix Property Investors to boost investment in Singapore; Government to shorten 20-year MOP for families in HDB scheme
And is it better to buy or rent a home in Singapore?
Hong Kong-based private equity real estate firm Phoenix Property Investors is eyeing to boost its investment in Southeast Asia, especially in Singapore. Founded in 2002, the company currently has US$6.7 billion in luxury residential, retail and office assets under management in Asia, including in Hong Kong, Japan and China. Read full story here.
The Singapore government is willing to allow families in the Fresh Start Housing Scheme to shorten the 20-year Minimum Occupation Period (MOP) should their family and financial circumstances improve. “There’s MOP for commitment, but also there’s a flexibility to look at things at a case-by-case basis. So this I think, will motivate, incentivise and inspire them, so that they can work on (the 20 years) as a first milestone,” said Minister of State for Defence and Foreign Affairs Maliki Osman. Get to know the full story here.
It is indeed a never ending debate whether one should buy or rent a home in Singapore. In the book No B.S. Guide to Property Investment, the rent or buy decision is often influenced by four factors: age, lifestyle, finances and the property cycle. Click here to help you make the decision.
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