THE COOLING MEASURES ARE HERE TO STAY
What do you know about these newly introduced measures?
Lately, we have seen more HDB resale flats being transacted for at least $1 million with the strong demand for housing in the market.
To moderate the housing demand and to ensure home buyers borrow with prudence, the government introduced a new set of cooling measures that will impact both the private residential and public housing demands.
Here are the main pointers, illustrated for your reference:
The set of measures will affect both the upgrader and downgrader segments.
Those looking to upgrade to a private home will have to rework their sums to ensure that they can make up the shortfall in loan quantum.
Buyers will either have to fork out more cash or draw more on their CPF account to fund the purchase; they may also consider less centrally-located and smaller homes to keep the overall price quantum affordable.
Meanwhile, those who are looking to downgrade from private property to an HDB flat may put their plans on hold or have to rent in the interim.
However, we think those facing financial hardship and needing to downgrade will likely appeal to the HDB.
HOW DOES IT AFFECT YOU?
Get your hands on the complete insights of the new cooling measures from my experience after 10 years practicing Real Estate.
After learning the facts, how should you react?
Is holding on and staying put the right thing to do at this junction?
Hear directly from me through my online web session!
UNDERSTANDING THE MARKET AND PUTTING THE KNOWLEDGE INTO GOOD USE
As the living cost continues driving upward, how long can we actually sustain the living standards and yet plan for a fulfilling retirement?
The cooling measures might have pushed the interest rates to a new high. Having a dream home or making a property investment seems far away and out of reach…or is that really so?
To clear the misconceptions that property investment is only for the rich, I have curated an exclusive Masterclass to empower people on how you can take the prudent steps to grow your property portfolio.
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