HDB Flats --- Are they becoming less affordable?
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tankee:
Yes, there is a statutory MAS cap and internal an internal cap based on their view of the value of the property and general conditions of the market.is there a cap to the amount any bank can lend out for a property?
like 80% of evaluation, etc? -
there is also a cap on he loan tenure based on the age of the prop for 99LH. Somehow, this does not seem to aply for HDB.
:? -
Nebbermind:
The cap on loan tenure is dependent on the age of the borrowers at the time of borrowing.there is also a cap on he loan tenure based on the age of the prop for 99LH. Somehow, this does not seem to aply for HDB.
:? -
3Boys:
in that case, how would the bishan & strathmore buyers expect their bank to ever approve their loans? :? unless they have ready cash of $200k or more to cover the COV and the shortfall in loan. :?
Yes, there is a statutory MAS cap and internal an internal cap based on their view of the value of the property and general conditions of the market.tankee:
is there a cap to the amount any bank can lend out for a property?
like 80% of evaluation, etc? -
qms:
no cap on amount?
The cap on loan tenure is dependent on the age of the borrowers at the time of borrowing.Nebbermind:
there is also a cap on he loan tenure based on the age of the prop for 99LH. Somehow, this does not seem to aply for HDB.
:? -
tankee:
no cap on amount?
Of course have cap on amount. I was answering Nebbermind's query on the loan tenure. Your question was already answered by 3Boys. -
:idea: so perhaps the so-called record sales are just some publicity stunts or politically motivated? :?
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publicity stunt to raise the bar of impending new launches in the vicinity
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Nebbermind:
publicity stunt to raise the bar of impending new launches in the vicinity
and / or agent's profile. -
Sorry to bring up an old thread and old news...but can't help to :!: when I saw this....
http://www.asiaone.com/Business/My+Money/Property/Story/A1Story20101006-240820.html
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