Tag Archives: insurance

Do you really need fire insurance for your house?

HDB made it mandatory to purchase it if you buy a HDB unit with a loan, most banks also made it mandatory if you take up their housing loan to purchase a property in Singapore. The question is why? It is because you took a loan from HDB/Banks, and they are concerned that if the […]

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What is HPS?

You have been hearing from your friends, colleagues, family and relatives that you need to buy this HPS when you buy a HDB flat from the resale market or direct from HDB. so what is HPS exactly? HPS is a Mortgage Reducing Term Assurance (MRTA) which HDB called it Home Protection Scheme.  This is a plain […]

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