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Wednesday, October 23, 2013

More buying smaller units

Ever since the latest cooling measure was implemented ; total debt servicing ratio (buyer's total debt obligation cannot exceed 60% of his/her income)... more investors are opting for smaller units. 
This is perhaps due  to a "tighter budget" after the implementation o the TDSR. 
With less investors, and within this smaller pool of investors more are looking at small small units, more time and effort is needed to clinch a deal... hence developers will (are) giving agents higher comm.
Will this be the start of the downturn for property market in sg...??
Or will property really beat all odds and continue riding strong after this hump...??