Tough New Measures To Cool Property Market

[napandy 0]

2.2 first-timer applicants for each unit in latest BTO sales exercise

SINGAPORE: Application rates for first-timers rose marginally in the latest Build-To-Order flats sales exercise, the first BTO offering this year.

Applications close at midnight but overall as of 5pm, there were 2.2 first-timers applying for each new unit. This is higher than the 1.8 in the previous exercise in November last year.

It is also the first time since March last year that the application rate for first-timers has gone above two. The application rate then was 2.2.

A total of 3,346 new flats in six BTO projects were offered in the sales exercise.

The projects are in both the mature towns of Ang Mo Kio, Kallang-Whampoa and Tampines as well as in non-mature towns Choa Chu Kang, Hougang and Yishun.

Observers said the increase in first-timer application rates could be due partly to the introduction of the new Parenthood Priority Scheme.

Under the scheme, married couples with children under the age of 16 have priority when they apply for new flats for the first time. 30 per cent of flats are set aside for them.

From Channelnewsasia

[fatima21 0]

The government's intention of forcing people to treat real estate as a long-term investment is admirable,' said Mr Ku. 'But this (the higher seller's stamp duty) will force people to hold, including some genuine cases where there might be a real need to sell off a property.In addition, Singapore lowered the LTV limit on housing loans from 70 per cent to 60 per cent for individual buyers with one or more outstanding housing loans at the time of the new home purchase.

[jayzenony 0]

Thanks for sharing nice information.

[srscontracting 0]

I wonder what it actually means to present home buyers like me who

Has already booked 1st appointment.

Loan already signed, already exercised my OTP with 5k downpayment

[jayzenony 0]

Hi every
i really appreciate your suggestion but there are so many online option available.