Duckduck Turbocharged October 5, 2012 Share October 5, 2012 MAS loan tenure updates lai liao ↡ Advertisement Link to post Share on other sites More sharing options...
Old-driver 5th Gear October 5, 2012 Share October 5, 2012 This is not too bad... thought it'll be something draconian Link to post Share on other sites More sharing options...
Fastfive1 5th Gear October 5, 2012 Share October 5, 2012 Haha! Now my colleague will have problems getting a house. Can't wait to see the look on his face come monday. Link to post Share on other sites More sharing options...
Duckduck Turbocharged October 5, 2012 Author Share October 5, 2012 will not b good for young pple getting loan as cant stretch mortgage further... means have to pay more monthly installment... Link to post Share on other sites More sharing options...
CH_CO 6th Gear October 5, 2012 Share October 5, 2012 In time , as prices become unaffordable , hopefully , property prices would drop slightly. Link to post Share on other sites More sharing options...
macrosszero Turbocharged October 5, 2012 Share October 5, 2012 will not b good for young pple getting loan as cant stretch mortgage further... means have to pay more monthly installment... It means that they have to buy within their means (ie, a cheaper home), which is not a bad thing. Link to post Share on other sites More sharing options...
1fast1 Supersonic October 5, 2012 Share October 5, 2012 In time , as prices become unaffordable , hopefully , property prices would drop slightly. Not if cash-rich FTs keep pouring into the country. That's the root cause, isn't it? Link to post Share on other sites More sharing options...
Mockngbrd Supersonic October 5, 2012 Share October 5, 2012 Still nothing to stem FTs Link to post Share on other sites More sharing options...
Icedbs Turbocharged October 5, 2012 Share October 5, 2012 Still nothing to stem FTs How to stem this when US keep printing money till no end? Link to post Share on other sites More sharing options...
Icedbs Turbocharged October 5, 2012 Share October 5, 2012 I think this is a fair move by MAS. Banks should have kept it to 30 years in anycase. Link to post Share on other sites More sharing options...
Acemundo Supercharged October 5, 2012 Share October 5, 2012 Not if cash-rich FTs keep pouring into the country. That's the root cause, isn't it? this move only slap on the wrist niah. if anything it against property out of rich from the average-to-do folks and make it easier for the rich people. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear October 5, 2012 Share October 5, 2012 GG to those who wanna buy new house with the skyrocketing prices Link to post Share on other sites More sharing options...
Jp66 5th Gear October 5, 2012 Share October 5, 2012 Skies Miltonia at Yishun soft launch today. Agent sms over 280 units sold, wonder how many will cancel their bookings tomorrow Link to post Share on other sites More sharing options...
Wind30 Turbocharged October 5, 2012 Share October 5, 2012 will not b good for young pple getting loan as cant stretch mortgage further... means have to pay more monthly installment... I think the CM affects older people the most. 30 years is already a long time lah. But if you are older, then the number of years is even less. Example, 40 year old can only borrow 25 years. I think it makes sense. This will cap the amount of money people can borrow and speculate. I think this CM is really good. Current problem is super low interest rates and banks are very irresponsible in exploiting this by introducing 50 year loan, etc. That will make the monthly payment seem very little and encourage people to take bigger loans than they can safely afford. A few years down the road when the interest rates go up, these people will all die because they are used to the low monthly payment. By restricting the loan period, it prevents people from taking excessive loans. Link to post Share on other sites More sharing options...
Fourth 2nd Gear October 5, 2012 Share October 5, 2012 Skies Miltonia at Yishun soft launch today. Agent sms over 280 units sold, wonder how many will cancel their bookings tomorrow What makes you think people will cancel? Link to post Share on other sites More sharing options...
Jp66 5th Gear October 5, 2012 Share October 5, 2012 What makes you think people will cancel? the extra 20% cash upfront Link to post Share on other sites More sharing options...
Ender Hypersonic October 5, 2012 Share October 5, 2012 Should also look into car loan, ,maybe not more than 5 yrs.. Link to post Share on other sites More sharing options...
Jp66 5th Gear October 5, 2012 Share October 5, 2012 Should also look into car loan, ,maybe not more than 5 yrs.. maybe MAS is waiting for COE to hit 100K ↡ Advertisement Link to post Share on other sites More sharing options...
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