Asset-rich retirees are in Hong Leong Finance’s plan in its new term loan. 

It is now possible for retirees who own private property to access a new loan scheme which can easily help them to produce funds out of their homes. Hong Leong Finance (HLF), a renowned finance firm, has announced a program which will be extending cash to retirees in form of term loans. The scheme, which could come quite in handy for retirees, targets those who have a paid-up property and are in need of accessing ready cash for their immediate developmental use.

Retirees who are absolute owners of property will be eligible of borrowing up to 50% of their houses net worth. Clients will be free to make a choice between variable and fixed rate packages of the said loan.

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A whopping 265,000 applicants jostle 1,840 dream homes in Johor Baru

It is definitely good news to many people who can now own their own homes at a mere fraction of the current market price, thanks to a popular housing scheme coming up in Johor Baru. This pilot housing project has been highly successful in triggering an awesome response.

The project opened its doors for registration on Wednesday, after it was officially launched by none other than the Johor Sultan himself. With a total of1, 840 properties as well as apartments available, the highly popular Bangsa Johor Dream Home Project had attracted over 265,000 applicants by yesterday noon.

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Government Plan To Fix The Stamp Duty Loophole

The Singapore Government has recently announced its plan to make legislative changes in order to patch up the controversial loophole in the law, which has led to property developers taking advantage of the system to avoid paying usual stamp duty charges. Minster For National Development, Lawrence Wong, announced this proposal to Parliament on March 7 2017.

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