SG Talk

It is a good thing they cut mortgage rates but this applies only to unsold properties and for 1st time and 2nd home owners. They tried to cut mortgage rates 4 existing home owner last yr but failed as banks r dragging their feet. The problem is only half solved.

https://www.caixinglobal.com/2023-08-09/...91565.html

(18-05-2024, 08:33 AM)revealer Wrote: [ -> ]It is a good thing they cut mortgage rates but this applies only to unsold properties and for 1st time and 2nd home owners. They tried to cut mortgage rates 4 existing home owner last yr but failed as banks r dragging their feet. The problem is only half solved.

https://www.caixinglobal.com/2023-08-09/...91565.html

sell into the strength.  治标不治本。  They need to destroy the debts.

How much can the 1st time and 2nd home buyer save?  Answer:  just enough to get free utility.  What they wanted was to lower their debts and have permanent employment and cuts in housing and land prices plus more salaries and income.

Good effort by Chinese Government now causing social complaints and discomfort

https://www.businesstimes.com.sg/propert...homeowners