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 rumor, New policy introduced by gov

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Romano81
post Jul 7 2013, 05:56 PM

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QUOTE(hondaracer @ Jul 7 2013, 05:51 PM)
So gov did not cut DIBS.....
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hondaracer
post Jul 7 2013, 06:25 PM

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only reduction of loan tenure... But this will increase the monthly repayment, mathematically.

Impact to most potential buyers:
1) Reduce the loan amount ( ie put more dp),or
2) Get cheaper unit, or
3) Use EPF, or
4) Do not buy this property.

We shall see the impact to the market in 3-6 months, if the property market is still on the uptrend (ie higher loan growth), then more cooling measure will come...
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