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28-10-2013, 10:20 PM
30% fall could be really painfull for many property investors as many flats are financed with 70% mortgage loan.
If the market price falls by 30% as forecast by bloomberg - i.e market price falls down to the level of the mortgage loan, and the mortgage banks invite the borrowers to top up and reduce their loan back down to 70% of MV ???
If the market price falls by 30% as forecast by bloomberg - i.e market price falls down to the level of the mortgage loan, and the mortgage banks invite the borrowers to top up and reduce their loan back down to 70% of MV ???