How to Save and Invest for Your First Property Downpayment

The recent rise in the property market has added worry to those who has yet to own a home. To many people, especially the young families, will find it increasingly challenging to save enough for the downpayment of a house. If you belong to this category and wonder what can you do to put yourself closer to the reality of owning a house, there is a link which I want you to read.

http://www.propwise.sg/how-to-save-and-invest-for-your-first-property-downpayment/
courtesy of: propwise.sg

Enjoy and be enriched! Congrats to those who got their BTOs recently. :( I didn't get mine.

Non Landed Homes Decline 0.7%

According to the Singapore Residential Price Index (SRPI) of the National University of Singapore (NUS), non landed homes in the private sector saw a decrease of 0.7% after a consecutive increase of 1.1% in August and September.

Going forward, experts say that mass market homes should moderate further given the large supply of development sites being opened up for Government land sales. However, it will have little impact on mid-tier and luxury home prices, which could see further increase given the positive economic outlook in 2011.