The Straits Times article today entitled "Deferred payment scheme: Up to 4,200 homes may be dumped" is worth reading.
It quoted some property experts that say that about 30% of those on deferred payment scheme (DPS) may be speculators.
It also showed a bar chart with the following data:
2008 completion: 8,364 units of which 4,020 are approved under DPS
2009 completion: 13,493 units of which 11,294 are approved under DPS
2010 completion: 18,509 units of which 6,687 are approved under DPS
It fairly pointed out that though units have been approved under the Deferred Payment Scheme (DPS), it does not automatically mean that all these buyers will use DPS.
From the data above, looks like a significant majority of the units due for completion in 2009 have been approved for the DPS.
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So do you know when to BUY if global economy is still like now or worst.
Sorry Roger I am trying to tell Buyers the fact so that they can give flipper a miss.
I myself to own private properties and definitely want it to rise overtime. If not a my generation then my children shall.