Episode 26
Private Home Prices Heading North Again? URA flash estimates show that private home prices were steadily setting new records in the 3rd quarter of this year. The overall 0.5% increase, though mild, was the fastest pace this year, and mass market homes in suburban saw a bigger rebound of 1%. With major central banks around the world engaging in monetary easing yet again, some observers have feared that hot money could pour in and push up home prices again. Can the steady and continuous flow of government land supply continue to anchor the stable outlook of private home prices? Financial Planning 101: Are Children Liable of Parents’ Debts? The purpose of drafting a will is to distribute one’s estate, like car and house, as planned in the event of death. However, if the testator dies before car loan and housing loan are fully repaid, will the debts be passed on to his/her children who are the beneficiary of these estates? And what need to be done to make sure the will is being executed according to the will of the testator?