Sales of new private homes in Singapore plunged in July. Only 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June.
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Possible impact will be the Total Debt Servicing Ratio (TDSR).
My Prediction: Due to the impact of eligibility to loan, people are unable to purchase high end properties such as landed and private condominiums. Such prices are expected to decrease to attract buyers and meet the equilibrium price between Demand and Supply.
Short Term - Expected Prices Go Down
Long Term - Expect Prices Go Up
Source: Channel News Asia
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