23-07-2012, 10:27 PM
Didn't the Japs has a housing mortgage policy loan of 100 years during their real estate boom years in the late 80s?
I shudder to think whether are we heading down this path?
If UOB is to offer so, likewise for other banks when young borrowers see that they can afford to pay lesser every mth and yet own that prestigious address.
I can understand they are afraid of being left behind. The govt policy are not actually encouraging much either.
Learnt recently a friend bought a Punggol 4 rm (near LRT) at $300k+
Wow... to think Punggol was supposed to be ulu last time?
Frankly if I were to do a stats chart comparision between the HDB price index vs 1. top 20% income, 2. median income, 3. bottom 20% income. from 1967 till 2011.
I am pretty sure I could see something very different.
I shudder to think whether are we heading down this path?
If UOB is to offer so, likewise for other banks when young borrowers see that they can afford to pay lesser every mth and yet own that prestigious address.
I can understand they are afraid of being left behind. The govt policy are not actually encouraging much either.
Learnt recently a friend bought a Punggol 4 rm (near LRT) at $300k+
Wow... to think Punggol was supposed to be ulu last time?
Frankly if I were to do a stats chart comparision between the HDB price index vs 1. top 20% income, 2. median income, 3. bottom 20% income. from 1967 till 2011.
I am pretty sure I could see something very different.