Yes of course. Our agents, legal partners, mortgage brokers, bankers are all still hard at work.

Despite the beginnings of the COVID-19 outbreak in December 2019, the Housing Development Board (HDB) resale market as well as private home transactions started 2020 on an upbeat note. More HDB flats changed hands in January compared with December.

In January 2020, 1,920 HDB resale flats were sold — which is 3.3% more than in December 2019. That figure is 23.1% more than the 1,560 units sold in January 2019. Keep in mind that serious sellers in the resale market are putting up reasonable pricing for their property.

New launch property sales are also doing fairly well despite the COVID-19 situation. An example is OLÁ, an executive condominium (EC) that sold one-third of its units within the first weekend of sales.

Consult our Ohmyhome agents with any buying enquiries. Give us a call at +65 6886 9009. You can also contact homeowners directly on our platform.

Note: Due to the circuit breaker measures, physical home viewings are not allowed. However, we can get creative with the tools and technology such as home video tours. Read the next question for further details.

Yes. If flat sellers and buyers have an existing completion appointment with the HDB, the appointment will proceed as scheduled.

Only the buyer and seller can attend, however, as agents are not allowed to attend.

When you do attend, make sure you practice health measures like social distancing (1 metre apart) and wearing face masks. Don’t forget to wash your hands and avoid touching your face.

For resale applications on hand and yet to be registered for a completion appointment, the HDB will not register the applications and schedule completion appointments.

Resale flat buyers and sellers can continue to submit new applications online via the HDB Resale Portal. However, HDB will not register the applications and schedule completion appointments. For queries, please visit HDB InfoWEB or email HDB at [email protected].

No. Agents are not allowed to meet clients to sign legal documents such as OTP.

Property handovers can continue. However, agents are not allowed to attend the completion appointment and handover unless the party they are representing is not able to attend in person. In such cases, the agent has to submit a time-limited exemption and observe social distancing and other measures.

Our agents can help you with handovers. Contact us via our hotline 6886 9009.

Yes, feel free to engage our moving service. This is possible as our moving partner is permitted to continue operations amid the circuit breaker measures.

We can help you with home moving. Contact us via our hotline 6886 9009.

Ongoing services such as renovation, painting, and aircon maintenance are on hold until the circuit breaker measures are lifted. For existing customers, we’ve wrapped up and secured worksites as of 06 April 2020 in compliance with these measures.

An exception is emergency repair work, subject to our review.

You are welcome to contact us to start planning for renovation, painting, and maintenance work as we can still conduct teleconference meetings. We can answer your enquiries via video call. Ask about our home renovation, home painting, and professional handyman services via our hotline 6886 9009.

Yes. A video tour is a great way to view a house during this time – when physical viewing is prohibited.

Ohmyhome has an in-app chat feature that allows you to communicate directly with verified homeowners, so you can ask the seller for a virtual tour. Simply agree on a date and time to conduct the tour through a video call. Alternatively, you can request the seller to upload a video of the property on the Ohmyhome property listing.

Download Ohmyhome from the Play Store or App Store now!

Not sure how to do it? You can chat with our friendly customer care team via the in-app chat. Or call 6886 9009 and request for a video tour of a property listed on Ohmyhome.

No.

On 3 April 2020, Prime Minister Lee Hsien Loong announced that restrictions on movements and gatherings will be tightened. We ought to stay at home (as much as possible), avoid socialising with others beyond our own household, and only go out to do essential things like buying food and exercising.

If you’d like to view a property marketed by one of Ohmyhome’s property agents, contact our agents directly. Call 6886 9009 to talk to our property agents and they will schedule a virtual house tour for you.

There’s no right or wrong time to buy property; it all depends on your circumstances. Some popular units were still sold on the first day of viewing as some buyers are focused on getting a certain property type in a specific location. Inevitably, there will be pros and cons.

Pros:

  • Low mortgage interest rates
  • More flexibility on pricing and/or timing in order to close a sale

This makes it a good time for buyers to get ahead of any increase in property prices.

Cons:

  • Uncertainty in finances due to bearish market conditions.
  • Difficulty in completing sales due to public health measures such as lockdowns and quarantines.

Not sure whether to take the risk? You are welcomed to talk to our mortgage advisor to provide you with more context on financing. In the meantime, take a look at some of our related articles:

Yes.

You can still sell your HDB flat, executive condominium, or landed property in Singapore. However, we have to comply with the tighter restrictions announced by Prime Minister Lee Hsien Loong on 3 April 2020. These measures aim to act as a “circuit breaker” and curb the spread of COVID-19.

While physical home viewings are not allowed, you can still leverage technology such as video home tours and Ohmyhome’s app.

Our app allows you to sell your home on your own or with the help of an Ohmyhome property agent. If you need professional advice on calculating sale proceeds and overall financial planning, our agents and mortgage advisors will be happy to help.

The best part? Using the Ohmyhome web or mobile app is free of charge — there is no success fee. Download Ohmyhome from the Play Store or App Store.

If you need assistance, call 6886 9009 to talk to our property agents.

No

We have to comply with the tighter restrictions announced by Prime Minister Lee Hsien Loong on 3 April 2020. These measures aim to act as a “circuit breaker” and curb the spread of COVID-19.

If you’d like to show your home to prospective buyers, list your property on our platform. From there, you can contact interested parties to schedule a video tour. Read the next FAQ for more information.

Download Ohmyhome from the Play Store or App Store.

If you need assistance, call 6886 9009 to talk to our property agents.

No

Yes. If flat sellers and buyers have an existing completion appointment with the HDB, the appointment will proceed as scheduled.

Only the buyer and seller can attend, however, as agents are not allowed to attend.

When you do attend, make sure you practice health measures like social distancing (1 metre apart) and wearing face masks. Don’t forget to wash your hands and avoid touching your face.

For resale applications on hand and yet to be registered for a completion appointment, the HDB will not register the applications and schedule completion appointments.

Resale flat buyers and sellers can continue to submit new applications online via the HDB Resale Portal. However, HDB will not register the applications and schedule completion appointments.

For queries, please visit HDB InfoWEB or email HDB at [email protected]

No.

Agents are not allowed to meet clients to sign legal documents.

Property handovers can continue. However, agents are not allowed to attend the completion appointment and handover unless the party they are representing is not able to attend in person.

In such cases, the agent has to submit a time-limited exemption and observe social distancing and other measures.

Our agents can help you with handovers. Contact us via our hotline 6886 9009.

Yes, feel free to engage our moving service. This is possible as our moving partner is permitted to continue operations amid the circuit breaker measures.

We can help you with home moving. Contact us via our hotline 6886 9009.

Ongoing services such as renovation, painting, and aircon maintenance are on hold until the circuit breaker measures are lifted. For existing customers, we’ve wrapped up and secured worksites as of 6 April 2020 in compliance with these measures.

An exception is emergency repair work, subject to our review.

You are welcome to contact us to start planning for renovation, painting, and maintenance work as we can still conduct teleconference meetings. We can answer your enquiries via video call. Ask about our home renovation, home painting, and professional handyman services via our hotline 6886 9009.

Yes.

We have to comply with the tighter restrictions announced by Prime Minister Lee Hsien Loong on 3 April 2020. These measures aim to act as a circuit breaker and curb the spread of COVID-19.

A virtual tour is a great way to show your house during this time – when physical viewing is prohibited.

If you’d like to show your home to prospective buyers, list your property on our platform.

Ohmyhome has an in-app chat feature that allows you to communicate directly with verified buyers. Simply agree on a date and time to conduct the tour through a video call. You can contact interested parties to schedule a video home viewing.

Download Ohmyhome from the Play Store or App Store now.

If you need assistance, call 6886 9009 to talk to our property agents.

Uncertain about selling your home? Take these steps to ensure that you get the best deal when you decide to sell your property.

  1. Do repairs or renovation

    Now is a good time for repairs and improvements. If you're confident about going DIY, you can start interior repainting and minor fixes while waiting for a good time to sell your home.

    Looking for a contractor for extensive renovation? Ask about our home renovationhome painting, and professional handyman services via our hotline 6886 9009.

  2. Stay up to date on the property market

    Want to see how the real estate market is doing? You can get a general impression by looking at the latest home sales in your neighbourhood.

    On our app, you can view the current asking prices of a certain location. After posting your property, you can also view past transactions in your area. Our data is up to date and constantly refreshed.

  3. Download the Ohmyhome mobile app

    You can do all of the above with our easy-to-use mobile app. Download Ohmyhome from the Play Store or App Store now!

Before you do a virtual tour, enhance your home’s curb appeal with these tips.

 

1. Touch up your door and window frames to make your entryway seem more inviting. A little paint goes a long way. 

2. Don't forget to wash the outside of your windows. If you have a driveway, give it a good hosing down as well.   

3. Have a garden or lawn? Trim the grass, remove wilted plants, and make sure that garden pathways are in good repair.

4. Fix or replace broken lights, rusty fixtures, or outdated decor.  

5. Go for a minimalist exterior. The less personal effects and clutter, the better.

  • Are you a first-time seller? Ohmyhome's Sellers Guide gives you an overview of the whole sales process. 

  • Read our article about the deductions and other expenses you can expect in a property transaction. 

  • Do you plan to sell an HDB flat? Check out our article about the streamlined HDB Portal for resale flats.

  • Want to compute your sales proceeds and expenses in advance? Download Ohmyhome from the Play Store or App Store now to access our financial calculators.

Yes.

You can do a virtual tour of the property that you’re planning to rent. A virtual tour is a great way to view a house — it saves time, minimises interactions, and helps prevent the spread of COVID-19.

Ohmyhome has an in-app chat feature that allows you to communicate directly with verified homeowners, allowing you to ask the landlord for a virtual tour. Simply agree on a date and time to conduct the tour through a video call. Alternatively, you can request the landlord to upload a video of the property on the Ohmyhome property listing.

Download Ohmyhome from the Play Store or App Store now!

Worried about not being able to pay your rent on time? Like you, your landlord also needs to pay monthly bills and other expenses. The first thing you can do is contact your landlord or the property owner to discuss your situation. 

In a standard Tenancy Agreement for Lease of a residential property, a clause states that “In the event the Rent remains unpaid seven (7) days after becoming due and payable (whether formally demanded or not), it shall be lawful for the Landlord to claim interest at ten percent (10%) per annum on the amount unpaid calculated from after the date due to the date of full payment.”

When you discuss this with your landlord, negotiate and ask if they can grant a grace period or waive the interest rate.

The Singapore Government in a joint press release by the National Development, Education, and Manpower ministries stated that landlords found to have irresponsibly evicted their residents may face restrictions and even be barred from renting out their flats to foreign work pass holders in the future.

From 23 March 2020, 2359 hours, all short-term visitors (from anywhere in the world) will NOT be allowed to enter or transit through Singapore.

The Ministry of Manpower (MOM) will only allow the entry/return of work pass holders, including their dependants, for those providing essential services such as healthcare and transport. All Singapore Citizens, Permanent Residents, and Long-Term Pass holders returning to Singapore will be issued a 14-day Stay-Home Notice (SHN).

The Malaysian government had earlier imposed a Movement Control Order (MCO) from 18 March until 31 March to curb the spread of COVID-19.  As a result, workers who work in Singapore but live in Malaysia will be affected. The Singapore Ministry of Manpower (MOM) previously announced that it would provide temporary housing support to help employers defray the additional costs of housing affected workers. 

On 25 March 2020, Malaysia announced that its MCO will be extended to 14 April 2020 (it was further extended to 12 May 2020). Given the uncertainty over border controls, the MOM strongly encourages all affected employers to look for more sustainable housing options in Singapore for these workers. The MOM will now embark on the next phase, which is to work with employers to facilitate the transfer of their affected workers into long-term housing in Singapore.

The Malaysian government had earlier imposed a Movement Control Order (MCO) from 18 March until 31 March to curb the spread of COVID-19.  As a result, workers who work in Singapore but live in Malaysia will be affected. The Singapore Ministry of Manpower (MOM) previously announced that it would provide temporary housing support to help employers defray the additional costs of housing affected workers. 

On 25 March 2020, Malaysia announced that its MCO will be extended to 14 April 2020 (it was further extended to 12 May 2020). Given the uncertainty over border controls, the MOM strongly encourages all affected employers to look for more sustainable housing options in Singapore for these workers. The MOM will now embark on the next phase, which is to work with employers to facilitate the transfer of their affected workers into long-term housing in Singapore.

Yes, feel free to engage our moving service. This is possible as our moving partner is permitted to continue operations amid the circuit breaker measures.

  • Ohmyhome Tenants Guide: Helpful tips for renting a property in Singapore

  • Tenants FAQ: Find out more about how you can utilise Ohmyhome platform for all your home rental needs

  • Renting an HDB in Singapore: Here’s a 7-Step Guide for Foreigners

  • Renting a Condo in Singapore: Here’s a 6-Step Guide for Foreigners

  • How Ohmyhome works: Find out how you can discover the latest listings and compare live prices. Save your search for faster browsing of properties based on your preferred location.

The COVID-19 pandemic has caused the global economy to decline drastically. As a result, central banks have lowered interest rates to help boost the economy. Businesses in the US, Malaysia, the UK, and other heavily affected countries have seen countless businesses close during the lockdown period.

In Singapore, enhanced measures have been implemented as of 3 April 2020. Following Prime Minister Lee Hsien Loong’s address to the nation, all non-essential workplaces are encouraged to close and shift to telecommuting wherever possible. Only essential services such as food establishments, supermarkets, clinics, hospitals, transport and key banking services are exempted from suspension. During this period, the floating rate is likely to be lower than the fixed-rate as the interest rate is on a downward trend.

Since the current market conditions show no signs of picking up, our in-house mortgage specialist suggests choosing a Singapore Interbank Offered Rate (SIBOR)-pegged floating home loan package as it will allow you to enjoy savings from the low-interest rates.

Now is likely a good time to refinance as interest rates are lower. However, this depends on the interest rate on your current mortgage. Before refinancing, you should always be aware of when your contract — as well as the teaser rates taken during the initial part of your contract — would expire. This is crucial, especially now that the market conditions have caused the interest rates to be lower.

The current market trend shows SIBOR-pegged interest rate loans are more favourable for a falling interest rate environment. It may be a good opportunity to take advantage of the dropping interest rate movements.

Unlike the board rate — where changes are not transparent and the bank has jurisdiction to change the rate without MAS supervision — the Singapore Interbank Offered Rate (SIBOR) rate is governed by the Association Bank of Singapore (ABS). In turn, the ABS is monitored by the Monetary Association of Singapore (MAS).

Ultimately, the decision to refinance is still based on your own needs (i.e. risk profile, future planning for your next home, and the timing of the property sale).

Check and compare mortgage rates effortlessly through our complimentary mortgage advisory service.

Home seekers need to maintain an excellent credit score if they intend to purchase property as it is an indicator of their financial health. As a rule of thumb, the better your credit score (e.g. ensure that your payments for all your credit facilities are full and prompt), the easier it is for you to apply for a home loan.

In order to protect your credit score, remember to consistently pay your credit card bill and loan repayments on time. If you are paying it manually, it is best to opt for General Interbank Recurring Order (GIRO) to avoid late loan payments.

For professional home loan assistance, call 6886 9009 to talk to our friendly mortgage specialist now!

Are you planning to cash out using your property as collateral, so that the bank will allow you to withdraw funds based on your property value? As long as the valuation of your property is higher than your outstanding loan, you can borrow at a 70% to 75% margin.

Due to the low-interest rate environment, you can maximise your investment returns with a cash out on your private property. This is provided that you’re using your property as collateral with the same bank that appraised your property.

It is important to keep in mind that Loan-To-Value (LTV), Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR) still apply.

Don’t hesitate to contact our mortgage specialist by calling 9755 9103 or visit our mortgage advisory page to schedule a callback.

This depends on your financial situation. Should the valuation of your properties drop drastically, and you have an existing term loan, the bank will usually do a margin call on your additional term loan.

On the bright side, if you wish to seek investment opportunities to maximise your returns, now is most likely the best time to cash out from your private property.