Previously I mentioned this in other post b4, dunno which post edi.

The impact only on refinance, not on purchasing new property… so technically no negative impact on developer pricing, in fact I think developer will benefit from it because those investor unable to refinance and cash out to purchase property with LTV 70% anymore, they had to go purchase thru developer that give huge rebates.

For lelong cases, it’ don't even have diirect impact, those lelong properties owner can’t serve the installment edi, no need to even talk about refinance…