Hi,
1) Hint already announced from MAS on exercising cautions on over-borrowing.
2) We already foresee that the property prices are going to continue to raise in 2022 because of land cost, labor cost, additional demand from the govt on the construction method, demand from buyers, etc.
3) The govt also aware that price increase is evident and justifiable. The buyers are not being exploited but the price for the value.
4) However the govt still has to ensure that the PPI will not over-run the GDP growth. This is to ensure no bubble on property. Our country is too small to have such a situation. Even China, such a large and strong country is trying to contain its PPI. Property market crashing is not a simple matter to deal with.
5) Japan still has not recovered for the last 30 yrs since its property market crashed in 1989.
6) I Suspect the govt will impose more restrictions on borrowing to ensure only the affordable is able to buy rather than suppress the developers again in this round.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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