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smart contract project ubin

Project Ubin – Smart Contract Tested by MAS

The very recent block chain initiative in Singapore through Project Ubin has been developed wherein a multi phase payment system has been created which connects the Singaporean dollars to digital tokens. Advantages of using Block chain banking As the system has been newly developed, many would not know what does the block chain do and …

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cpf housing grant fro resale flat

CPF Housing Grant for Resale HDB to be increase for First Time Buyer

In the Budget 2017, Finance Minister Heng Hwee Kiat made the announcement to increase the CPF Housing Grants available for first-timer families buying a resale HDB. The grant amount will increase from the $30,000 currently to $50,000 (4-room or smaller resale flat) or $40,000 (5-room or larger resale flat). This new enhancement has taken effect …

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tdsr singapore

Total Debt Servicing Ratio (TDSR) and Loan to Value (LTV) ratio – What is that?

Those looking to set your eyes to purchase a new home should be well aware of the property jargon like TDSR and LTV ratio in Singapore. Here is a brief intro of these 2 important factors when come to purchase a property in Singapore. The TDSR sets limits on how much a home buyer can …

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cpf money similar to bond investment

Treating your CPF Special Account and Retirement Account as a Bond Investment

Most Singaporeans consider their money in CPF as untouchable for any purpose other than for paying their housing loan, student loan or medical bills (More on CPF Schemes here). There is one more way to view your CPF money, particularly the money in your Special Account (SA) and Retirement Account (RA). You can view them …

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