Jul 26 2012, 09:23 AM
QUOTE(tmc @ Jul 26 2012, 08:12 AM)
Good analysis but I still can't agree that it's not a "worry" for those own stay and rental play investors.
The market is going at at least BLR-2.4% or BLR-2.45% right now, whereas KR2 is at BLR-2.3%. Whether you buy the property for what purposes, for 70% loaners or less, they will be binded to the BLR-2.3% for about 1 year or more before they could hop to another rate, or else pay penalty.
I very agree u on this. For loan above 400k, easily we can get BLR - 2.40% minimum, I cant understand why the heck the developer should bother for the rates of thereafter, which 4th years onwards where buyers are the interest loan payees. BLR - 2.30% for us isnt good enough but we force to accept it due to DIBS scheme arrangement by banks and developer. Kns. The market is going at at least BLR-2.4% or BLR-2.45% right now, whereas KR2 is at BLR-2.3%. Whether you buy the property for what purposes, for 70% loaners or less, they will be binded to the BLR-2.3% for about 1 year or more before they could hop to another rate, or else pay penalty.
I do not mind the loan lock in to be expire one year after VP bcz I cant predict whether market loan interest at then, 2015-16 and unsure whether BLR still maintain or increase.
Quote
0.0455sec
0.24
7 queries
GZIP Disabled