Category: Singapore
USA U.S. mortgage rates rose to 6.32% for a 30-year fixed loan, the biggest increase since April. Freddie Mac’s economist noted that the rise reflects economic strength, despite higher rates making affordability tougher. While some buyers may hesitate, others are advised to act now since lower rates may not return soon. Melissa Cohn suggests focusing…
USA The Federal Reserve’s 50 basis point rate cut on September 18, 2024, is expected to lower borrowing costs, providing relief for homebuyers and investors. Mortgage rates may decrease, spurring demand for housing in regions such as the Northeast and Midwest. However, affordability concerns remain in areas like Florida, where rising insurance costs continue to…
USA Goldman Sachs predicts U.S. home prices will rise by over 4% in 2024, driven by falling mortgage rates and steady demand. Strong price growth is expected in areas like the Midwest, Northeast (New York, Boston), and parts of California (especially San Diego and San Jose). However, regions like Florida, hit hard by affordability issues…
GMG | Investor [Super rare] Newly-constructed multi-family unit in Los Angeles with a 6.8% cap rate! 4 Units x 5 bedrooms + 5 bathrooms + attached garage (total 20 bedrooms!). Approximate Lot Size: 7,499 sq. ft. Year Built: 2024 The property will be delivered with a 5-year master lease with government-assisted transitional housing organization. Located…
We’ve just secured a new listing today—a perfect opportunity in Los Angeles! This new construction property boasts a cap rate exceeding 6.8% and includes a five-year master lease signed with the city. Located less than a mile from one of the largest hospitals in LA and the USC Health Sciences Campus, it offers substantial potential.…
During our recent live webinar on “Need Liquidity? Discover Singapore Short-Term Bridge Loans,” our expert host, Madel Tan (MT), received numerous questions from participants. For those who have missed the opportunity to join the webinar, it is available here. Remarks have been edited for clarity and brevity. Q1: What is the typical funding timeline? MT: Typically,…
Despite the overall decline in home sales in 2023 due to increased interest rates, high-net-worth U.S. real estate investors remained active in the luxury market. In the third quarter of 2023, the luxury market outpaced the mainstream market, growing three times faster. According to Jason Aleem, Redfin’s Senior Vice President of Real Estate Operations, paying…
Singapore is known for academics and education, with many high school graduates attending the best universities in the world! Similarly, the U.S. is known for having most of the top global universities. Singapore currently has 21,666 students studying abroad, according to UNESCO, and according to a recent Open Door report, Singapore had 3,901 students studying…
Global Mortgage Group (GMG), a leading international mortgage originator, is proud to announce the successful funding of a $38.5 million asset-based bridging loan for a luxury Good Class Bungalow (GCB) property in Singapore. The loan enabled the owner to complete the acquisition of another company by leveraging on this prime real estate. With a strong…
Global Mortgage Group Pte. Ltd. is the world's leading international mortgage specialist. Based in Singapore with offices and partnerships across the globe, we connect our international clients to our network of lenders around the world. GMG offers financing solutions in the United States, Canada, Latin America, United Kingdom, Europe, Middle East, and Asia-Pacific.