HDB Flats --- Are they becoming less affordable?

[qms]

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.


:?

The cap on loan tenure is dependent on the age of the borrowers at the time of borrowing.

[tankee]

3Boys:

tankee:

is there a cap to the amount any bank can lend out for a property?


like 80% of evaluation, etc?

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.

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. :?

[tankee]

qms:

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.


:?

The cap on loan tenure is dependent on the age of the borrowers at the time of borrowing.

no cap on amount?

[qms]

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.

[tankee]

:idea: so perhaps the so-called record sales are just some publicity stunts or politically motivated? :?

[Nebbermind]

publicity stunt to raise the bar of impending new launches in the vicinity

[tankee]

Nebbermind:

publicity stunt to raise the bar of impending new launches in the vicinity

and / or agent's profile.

[BigDevil]

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

[verykiasu2010]

LKVM:

BigDevil:

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

:!: :!: I was laughing at the reporter he added those 2 lines in the end both seller and buyer were singaporeans

just to prove that the price pushing is not done by PR

[quirkymum]

BigDevil:

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

I had my mouth open for a long while when I read that too! $1.1 million!! And Shun fu is also not too convenient in terms of public transport like having a MRT station too. Its the cost of a condo even one in some of the more central areas!