Following the NDP rally speech, MND has quite shortly adopted up with the numbers. In our final piece on whether or not the Money Over Valuation (COV) continues to be related in at this time’s context, we talked about that the state of affairs with the excessive resale HDB costs can also be a matter of optics – one thing needed to be achieved quickly.
So if you happen to’re shopping for a flat anytime quickly, you might need to be taught in regards to the following which kicks in at this time (twentieth August). This transfer is directed at cooling the HDB resale market, at the same time as larger housing grants are given to assist with rising prices. However how would this have an effect on you as a homebuyer, and wouldn’t it actually assist to chill the market? Right here’s what that you must know:
Tighter mortgage curbs for HDB loans
Previous to at this time, HDB loans had a Mortgage To Worth (LTV) ratio of 80 per cent. The LTV has now been diminished to 75 per cent….
