[Bigiron]

JUST IN: A new property cooling measure has been announced to tighten HDB loan limits.

HDB will also provide larger grants for lower-to-middle income first-time home buyers. 

https://str.sg/KLRE

[Ken]

The higher the resale grant they give to the buyer, the seller will be asking for higher selling price.

[BigNLong]

5% not going to rock the boat

i think the biggest hit is foriegn buyer at 60% ABSD

[Sharexchange]

Target HDB buyers from those downgrade from Condo.

[A2Z]

election bery soon

[wulala]

HDB used to be a good stepping stone to leverage. buy big and downgrade when retiring. Now, even this door is shut. the poor will only gets poorer.

[mikotan]

This sure works, DO NOT ALLOW USING CPF TO PURCHASE HDB!!

[WhatDoYouThink!]

“A five-room flat in Margaret Drive was sold for $1.726 million in July, setting a record for the highest transacted price for a resale flat.”

Soon 2m will be the new norm

[lylcnn]

This sure works, DO NOT ALLOW USING CPF TO PURCHASE HDB!!

what's the logic though?

[Tee tiong huat]

The higher the resale grant they give to the buyer, the seller will be asking for higher selling price.

Up up and they fly higher...

[Tee tiong huat]

what's the logic though?

Up up they fly...

[sclim]

give more grant so need to reduce ltv ratio so as to keep prices in control.
for first time buyer almost zero effect.
for resale buyer got hit by 5%. but many has gain a lot on their first buy so 5% lesser loan also not much effect.
in fact borrow lesser pay lesser interest.

[BigNLong]

last time when my wife and i bought our first resale HDB..all we got is 40K and now they qualify for 120K ... 3X that is insane , my HDB hasnt gone up 3X

[WhatDoYouThink!]

First time buyers and downgraders not much affected, mainly the upgraders Ken’s. they may turn to private properties