Will the property market go down? 😱😱😱

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Singapore Eric Chiew
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Published on ● Video Link: https://www.youtube.com/watch?v=PuLHdwX5_mE


Duration: 6:33
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How will this latest property cooling measures impacts you?
It was implemented on 16 December 2021 and there are 3 critical changes!

First cooling measure
Increase ABSD for singaporean (17%) and PR (25%) buying their 2nd property and foreigner's first property to 30% from 20%!

Second cooling measure
Reduce loan affordability.
This is done by reducing TDSR from 60% to 55%. This will affect everyone's purchase power by 8.33% which is not good for those who have no additional cash to show to boost loan amount.

Third cooling measure
Reducing government HDB loan from 90% to 85%. This means buyer's need to fork out 5% more downpayment.

Do you think property market will go down or will it continue to go up?
Love to hear your views by commenting below!

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Tags:
property cooling measure
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tdsr 55%
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