Heard there might be a CM8 on this Friday is it true ?

[Noexit]

Yesterday heard one of my FRD receiving saying -- they might be expecting an announcement this Friday by IRAS on mortgage service ratio (MSR). Currently at 40% of income to service housing loan . Anyone know about this ?

[curio]

Maybe Reduce to 30% of income like what they are doing for HDB

[curio]

Each time there is a CM, it's effective the next day. So those who have the letter of offer from banks (pending acceptance ), will be safe from this possible measure?

[bargain hunter]

the speculation is so rife that now i think its unlikely haha.

its too soon after the Jan measures, yet to see impact yet.

[thomastansb]

I think highly unlikely. Firstly, it seems too soon to come out with another CM. Secondly, the number of transactions are really very very low so it has somewhat cooled. Thirdly, DSR can be tweaked via MAS regulations to banks. No need for CM.

Anyway, HDB flats are already subjected to 30% DSR if I am not wrong. Still, if this friday they announce, then I really foresee the number of transactions will drop below 500.

Yesterday heard one of my FRD receiving saying -- they might be expecting an announcement this Friday by IRAS on mortgage service ratio (MSR). Currently at 40% of income to service housing loan . Anyone know about this ?

[onglai]

the speculation is so rife that now i think its unlikely haha.

its too soon after the Jan measures, yet to see impact yet.

i think the whole singapore heard of this rumours, because i oso heard of it this morning (being the least informed among my friends).

some agent spread rumours to speed up sales izit?

[buttercarp]

Yesterday heard one of my FRD receiving saying -- they might be expecting an announcement this Friday by IRAS on mortgage service ratio (MSR). Currently at 40% of income to service housing loan . Anyone know about this ?

Do you know whether it will be limited to HDB, or applied to all housing loan?

I think there is a possibility of this CM, since Tharman said
property prices are not yet at an acceptable level.

[may2012]

Do you know whether it will be limited to HDB, or applied to all housing loan?

I think there is a possibility of this CM, since Tharman said
property prices are not yet at an acceptable level.

resale hdb already 30%.

I think too soon for another CM bah

[DC33_2008]

Why not? When you have at least 3 properties, Triliq, Sennett R, and another at mount vernon, hitting the market this month?

[cnud]

Why is Tharman hurting the agents?

[newbie11]

Rumored to extend the 30% msr cap on hdb to private. That's a killer. Even if you have savings to pay for down payment and absd, u may not earn enough monthly to fall within this cap.

[phantom_opera]

CCR die pain pain if that is the case

[thomastansb]

CCR already die pain pain with CM7. With 40% DSR, I think should have no transaction at all.

CCR die pain pain if that is the case

[Ringo33]

Dont waste time on this lah. there will be no CM this coming friday.
Happy property shopping bro and sis. Dont need to worry

[cheerful]

already u said it's rumour mah .. juz like last time pp rumoured abt some big figure kicked the bucket prior to national b-day .. aiyo

[RCT]

Highly unlikely? Government already give hint... Price of property is not at an acceptable range.... I believe property cooling is one of the key point that government is doing to keep operation cost low in Singapore. Lower property price = Lower rental = Lower cost of operation.

[Ringo33]

MAS will not leak out information like this for sure. Even if they do, it wont be so soon lah. CM7 just announce in Jan and we had that CNY break. You think they will be so smart to come out with CM8 so soon meh.

Lets wait lah, CM8 will come when the market lease expected it.

[bargain hunter]

5, still got urban vista and d'nest.

Why not? When you have at least 3 properties, Triliq, Sennett R, and another at mount vernon, hitting the market this month?

[bargain hunter]

thurs sales starts for trilliniq and sennett so they spread rumour that cooling measures on friday to speed up the sales? highly likely.

i think the whole singapore heard of this rumours, because i oso heard of it this morning (being the least informed among my friends).

some agent spread rumours to speed up sales izit?

[bargain hunter]

yes, there may be further cooling but prob not this friday.

Highly unlikely? Government already give hint... Price of property is not at an acceptable range.... I believe property cooling is one of the key point that government is doing to keep operation cost low in Singapore. Lower property price = Lower rental = Lower cost of operation.

[kane]

Property must be so boring that people are trying to anticipate the next CM. Lol.

[newbie11]

The implementation date is rumor. The measure is not..

http://www.btinvest.com.sg/personal_...oans-20130209/

[3C]

Jokers, market already freeze. Can still cool meh? "Mah Tu Liao" also went hiding liao coz it is too cold here already

[minority]

Maybe Reduce to 30% of income like what they are doing for HDB

u are actually quite rite.

[bargain hunter]

yup, in particular:


"When contacted, MAS would not comment on whether it has any impending plan to extend a prescriptive MSR cap to private home mortgages (like the one it imposed on HDB flats as part of last month's property cooling measures). However, it confirmed advising financial institutions (FIs) that they should also consider applying the MSR to loans and refinancing facilities for private residential properties. "In addition to applying a MSR for HDB flats, MAS expects FIs to continue to be prudent in assessing the repayment ability of borrowers for all residential property loans," it added.

Talk in some circles is that MAS could roll out a more prescriptive cap on MSR for private home loans after it reviews an audit of banks' home mortgages portfolio conducted late last year."

bro, since u r in the home loan biz, assuming the 30% MSR is implemented. does that mean asset based financing is dead? surely pay 50% downpayment and borrow 50% is already very very safe for the banks?

The implementation date is rumor. The measure is not..

http://www.btinvest.com.sg/personal_...oans-20130209/

[minority]

CCR already die pain pain with CM7. With 40% DSR, I think should have no transaction at all.

depeg sibor from US and up int rate! then CCR will have durian to pick.

[minority]

Why is Tharman hurting the agents?

coz everyone complain house expensive mah. agents enjoyed 5yrs of boomed. time for them to take a break go holiday and get some sun in Maldives.

[kane]

depeg sibor from US and up int rate! then CCR will have durian to pick.

If they up rates, hot money will flow in here faster than we can shout huat leh. Then the inflation could be problematic.

[Ringo33]

assuming MAS implement the MSR one of the immediate impact I presume will be rental hike across all property sector as rental income will be consider as income I presume?

[eng81157]

If they up rates, hot money will flow in here faster than we can shout huat leh. Then the inflation could be problematic.

eh, don't bother talking deep stuff with that moron. doesn't usually end well.