‼️ New Cooling Measures by Govt with effect on
16 Dec 2021 ‼️
1) ABSD rates INCREASED by 5-15%! 😱
▶️ From 16 Dec 2021 onwards, SC buyer for 2nd property will have to pay $170,000 ABSD instead of $120,000 ABSD for every $1mil property purchase price.
2) TDSR REDUCED from 60% to 55%! 😱
▶️ Buyers, who are earning $10,000 a month, can only borrow $1,224,800 now instead of $1,336,100. (Based on 3.5% interest rate & 30 years tenure)
3) HDB Loan (HLE) LTV REDUCED from 90% to 85%! 😱
▶️ Buyers who are taking HDB Loan will have to pay min 15% Cash/CPF now instead of the previous 10%.
📣 Executive Condominiums (ECs) ARE NOT affected by these 3 new cooling measure! 📣
✅ Instead, there will be a RISING DEMAND for ECs! HDB Upgraders will look to ECs as their solution because there is NO ABSD for new ECs!
✅ With the limited existing supply of ECs, it is INSUFFICIENT to cope with this rising Demand.
✅ Developers MAY INCREASE their prices very soon, knowing that these measures do not affect them.
📣 Hurry go SECURE your Dream Home NOW before they are gone! 😍🥳
Call me now for any showflat viewing before the units run low.