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Risks involved in market swings

The high-end properties as well as the mid to high-end properties risk depends on the shown volatility of the market property prices when there is a market swing. The condominiums for the mass market are at this time going through the issue of a risks on market affordability. With the existing increased market price levels, a new benchmark for charges could be formed provided the employment figures remain stable. The new charges might hold for a bit largely depending on the employment conditions. The HDB sustains the mass market on condominiums. The HDB is the base for pricing of the mass market condominium. The HDB is at present having short supply.

Availability of housing loan services

The only restriction that a person may deal with is the access of services for housing loans that ignores cash down payment or equity part.

Mortgage brokers in Singapore

Generally, home loans call for cash equities from owners. The cash equity from owners will serve as the down payment for the purchase of the property. The inescapable fact that the financial savings and cash holdings are not similar across earning individuals in the country, it would be misleading to base the guide on the national savings. To shorten the evaluation, the owner’s equity part is disregarded in the following computation.

Sample calculation using condominiums as in Shenton Way

• 76 Shenton – between $1,900 – $2,400 psf.

• The Sail @ Marina Bay – between $2,000 – $3,300 psf

• International Plaza – $1,100 range

• Icon – $1,600 – $1,700 psf

• Some parts of China town, Tiong bahru, etc….

• Leonie Hill, Leonie Studio – $1,500 to $1,900

• Grange residences – $2,500 to $2,800 psf

• Ardmore park – $3,000 – $3,600 psf

• Balmoral – $1,500 – $1, 800 psf

• Cyan Bukit timah (New development) – $1,800 – $2,400 psf

• Aspen heights – $1,400 – $1,600 psf

• Rivergate – $1,600 to $1,900 psf

• 5th Avenue Condominium – $1,200 to $1,400 psf

The prices and property buyer outlook remains uncertain, while prices are rising, it seems to be rising on thinner volume.

Credit Stance of the Singapore Banks

Banks have generally been more careful in managing their loan portfolios, investment funds, and credit facility offer. Banks such as Citibank that were greatly affected during the worldwide economic downturn or sub-prime crisis are strongly adding the loan package named Sibor with trend exhibiting around + 0.5% ascending to 0.9% in June 2010. HSBC bank in Singapore reacted with the competitive offer and strongly campaign for their types of credit facilities. The Bank of East Asia eventually entered providing the mass market of offers on the housing and residential credit programs. At this time, the bankers learn to lend more freely and strongly to local family units.

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