Hi James,
Mortgage interests are not a results of property price growth or a result of supply and demand. As a buyer, it is definitely interesting to have a situation where property demand is reduced therefore a result of reduced home prices kicking in, but at the end of the day, if you are someone who is taking up home loan for your purchase, you will still be bearing the brunt of the higher interest rates, where it is a case of whether you pay to the bank or you pay to the owner. The authorities in Singapore has enforce a sound policy where TDSR was introduced a few years back and readjusted the policy quite recently as a safeguard to property buyers who are buying properties to ensure that in event of a spike in interest rates, most of these home owners are still able to sustain the servicing of loan without the need to scramble for sale and this policy in place is a safeguard to the housing market in Singapore as well that since servicing the loan is not an issue, these home owners will unlikely look into selling their properties if the sale does not meet their financial objectives but to wait out for better period. In this case, home supply for sale will also likely diminish with lesser units available in market for buyers to choose.
Hope the above is logical to you and can assist you to make your plans in your real estate asset planning.
I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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