Hi Everyone, I'm JAMES CHIN a Real Estate Agent in Singapore (SG). My areas of focus are in Residential and Commercial Properties in the East area of SG. Industrial properties are welcomed. Landed, Private and HDB for Investment and Self-stay. Singapore East areas I cover (D13-D16)Eg: Tampines, Simei, Pasir Ris, Bedok, Marine Parade, Kallang, Bugis.
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Tuesday, 9 July 2013
MAS Debt Servicing Ratio
Hello Everyone,
I'm sure you are aware of the recent update of the Monetary Authority of Singapore and I the link below.
Impact*
This impact will result in decrease speculation of property prices within Singapore.
MAS Debt Serving Ratio: http://www.mas.gov.sg/news-and-publications/press-releases/2013/mas-introduces-debt-servicing-framework-for-property-loans.aspx
*This is my personal perspective and please do not take my forecast as an advice as it is merely to be used as a reference only. Please take other factors into consideration when looking at the overall property market.
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