James Hee, a property agent who lives with his family of four in a government-built flat he owns in Singapore, was eyeing a condo for about S$1.5 million ($1.2 million) earlier this year. Then Hee discovered that he wouldn’t qualify for a mortgage after the government restricted lending.
“Being self-employed, only 70 percent of what I earn is considered for the loan calculation, and with my car loan I can’t get the amount I would need to upgrade,” Hee, 32, said.
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About 38% of Singapores population are Foreigners
Economic fundamentals and Monetary Policy
Global interest rates
Housing and Development Board HDB
Housing interest rates
Increase in GDP Gross Domestic Product per Capital
Interest and Amortization
Monetary Authority of Singapore MAS
Mortgage Housing financing Loans
Number of Singaporeans living in HDBs
Number of Singaporeans living in Private Estate
Residential Property Price Index versus GDP growth
Singapore Property Cooling Measures
Singapore Property Cycle
Transaction volume of Properties