Nov 4 2010, 09:04 AM
QUOTE(cherroy @ Nov 4 2010, 12:50 AM)
70% is still too lenient.
I would suggest 50%.
The effect may on highly speculated, high flipper area only.
I don't see how this measure can trigger a so called across property price drop.
But still it is good for BNM to step up, aka like a reminder, hey don't play too far.
While this is applied on individual, aka if your family got 4 members, you have 4 x 2 (max 2) = 8 properties that can be used
, so may not limited to 3.
RPGT is more effective to curb speculation.
+1!! Don't think just the 70% measure would be enough to curb the rise of property price. I would suggest 50%.
The effect may on highly speculated, high flipper area only.
I don't see how this measure can trigger a so called across property price drop.
But still it is good for BNM to step up, aka like a reminder, hey don't play too far.
While this is applied on individual, aka if your family got 4 members, you have 4 x 2 (max 2) = 8 properties that can be used
, so may not limited to 3. RPGT is more effective to curb speculation.
Anyway, for '3rd property only can get max 70% loan', this possession of properties will be counted historically or as of the time when you wanna buy the property ? (In hand)
What if I sold the first 2 properties now, and going to buy my supposedly 3rd Property...will I be limited to the 70% limit?
Thanks.
This post has been edited by Maxsimax: Nov 4 2010, 09:04 AM
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