All about home loan foreclosures in India, plus other bulletins

For PropertyGuru’s news roundup, what is foreclosure, how does it work, and what can one do to prevent it or handle it if it happens? In other updates, all about the loans available for the different property types in Singapore, the HDB downpayment, and private property downpayment amounts. Lastly, tips from young Malaysian homeowners on how to buy a MYR1.2 million home before turning 30.

When in India: What is home loan foreclosure and what is its procedure?

Owning a home in India comes with responsibilities, and one of them is keeping up with mortgage payments. If you miss payments, your lender might start a process called foreclosure to take back the house. This can be a tough and complicated process, including warning notices, legal steps, and possibly selling your home. Housing.com explains what foreclosure is, how it works, and what you can do to prevent it or handle it if it happens.

Housing loan in Singapore: How much must you pay upfront for HDB vs private property?

Getting a housing loan in Singapore is part of financing your property purchase. Whether you are looking to purchase a Housing & Development Board (HDB) flat or private property, you will likely have to take out a housing loan in Singapore to pay for it.

With effect from 20 August 2024, the Loan-to-Value (LTV) limit for HDB loans has been adjusted to 75 percent. This makes the LTV limit for HDB loans in line with that of bank loans.

If you’re budgeting for your home, you may be wondering what your home loan options are and how much your upfront costs are. So PropertyGuru Singapore will cover the types of loans available for the different property types, the HDB downpayment, and private property downpayment amounts.

Buying a MYR1.2 million home before 30: Tips from young Malaysian homeowners

Owning a home in your twenties can seem daunting with high housing prices and a preference for flexible living arrangements. For many, renting or living with parents is the practical choice for saving money.

Yet, if you’re under 30 and put off by steep property prices and mortgage complexities, know that you are not alone. Despite these challenges, achieving homeownership is still within reach.

Introducing Cheng and Sean, a vibrant couple from Kuala Lumpur, who prove that owning a home in your twenties is still achievable with the right planning and determination.

PropertyGuru Malaysia delves into the strategies and insights Cheng and Sean employed when they decided to buy a home.

The Property Report editors wrote this article. For more information, email: [email protected].