27 Jan '14, 8am

What does the Year of the Horse hold for the HDB market? The HDB market in 2014:

What does the Year of the Horse hold for the HDB market? The HDB market in 2014:

There has been a number of reports that HDB prices and COV have started to decline in the last few months. Buyers are wondering if they should start their home search now or wait for prices to drop further. At the same time, homeowners are asking if they should wait for prices to rise before selling. What should a potential buyer or seller do? Looking Back at 2013 The introduction of the Total Debt Servicing Ratio (TDSR) last June caused many to relook their housing plans. TDSR greatly dampened housing demand by limiting the amount of mortgage loan that buyers can get from financial institutions. Buyers who were unable to get loans had to look for more affordable units or put their purchase on hold. This in turn caused sellers to reduce their asking prices or put off their plans till the market recovers. In the last three years, the government greatly ramped-up the supply ...

Full article: http://www.stproperty.sg/articles-property/property-guide...

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Comment E-mail to friend Bookmark & Share The Singapore government intends to closely monitor the HDB resale market, accor...

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