With so many new regulations, the most recent being the new MAS rulings:
1. Standardization of Total Debt Servicing Ratio (TDSR)
2. Using Income-Weighted Average Age to Determine Loan Tenure
3. Haircut of 30% for all variable income
4. Borrowers to be Mortgagors / Guarantors to be Joint-Borrowers
5. Raising the interest rate benchmark for stress testing
6. Greater stringency in the application process
Not to mention the existing Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD), and low loan quantum for 2nd property (only 50% loan) and above, is it perhaps time to buy overseas?
Any bros here bought Iskandar properties? The recent Afiniti by Capitaland launch was sold out in a couple of hours. That's like wow! Recently Medini property is very in demand.
Or how about London property investment? Apparently Singaporeans make up 22% of the buyers for London property, second only to UK citizens themselves. They offer deferred payment scheme and high loan quantum up to 70%, plus property management firm will manage the property on buyer's behalf.
Wonder with all these measures, where will the all the Singapore funds flow to..