Economic activities is likely interrupted by outbreak from time to time in places until herd immunity is achieved from vaccine.

With more high rise completing in next few years, overhang is widening, more buyers are committed to loan repayment i.e less disposable income and consumers spending.

Economy will take longer than most expected to recover.

Those indebted will save on loan interest. Business invest based on prospect, interest rate is a factor only.

Corporate investment depend on prospect. However zombie companies will borrow relentlessly.

The reality is property market has been on downtrend in the last few years. Given current available data, the country economy is almost certain on downtrend for next few years.

This post has been edited by icemanfx: Jul 7 2020, 07:09 PM

If bank incurred losses mean less loan could be approved.

Banks need to meet capital ratio.

This post has been edited by icemanfx: Jul 7 2020, 11:15 PM

Buy when blood is knee deep on the floor.

those believe they outsmart bank buy property.

Flowers sellers always claims his flowers is freshest regardless.

Unless you are out from your coconut shell, your world is the coconut shell.

This post has been edited by icemanfx: Jul 8 2020, 01:05 PM

Due to substantial rebate, discount, cash back, etc; it seems some banks are reluctant to finance first purchase from some developers.

This post has been edited by icemanfx: Jul 11 2020, 01:03 PM