household debt

Swiss banking giant Credit Suisse has noted in a report that Singapore household debt is rising, while more inclined to the side that although household debt is rising alongside with a sharp rise in borrowing, it was not to be alarmed.

This was generally the perception that there was no alarm as households are wealthy enough to pay off their liabilities with their cash assets in the event that there is a macroeconomic downtown. Also, a report by Credit Suisse from 300 locals indicated that Singaporean households have not over-stretched themselves.

Machael Wan, Credit Suisse economist note that household balance sheets are strong on the aggregate and that the risk of a household debt crisis is very small. This is because household liquid assets like stocks and shares comfortably exceed fix liabilities like car and property and that in the event of a crisis, these liquid assets can be encashed to pay off the mortgage loans in The Hillford Condo in Jalan Jurong Kechil.

Also, not only household liquid assets are aplenty, household income are also increasing too, this make managing any mortgage loan in The Hillford condo more comfortable.

Despite the fact from the report from Credit Suisse, the Monetary Authority of Singapore (MAS) has noted that about 5-10% of the household in Singapore might be over-stretching themselves. This remains to be debated.

smaller condo are popular

Despite the higer price per squarefoot (psf) of new smaller units, more private property buyers are choosing the smaller units over the bigger ones.

This trend became apparent especially after the TDSR (Total Debt to Service Ratio) that was introduced in June by the Monetary Authority of Singapore.

Analyst attribute that units below $1 million remain the most popular even after TDSR measurements and expect private property prices to remain stable albeit lower transaction volumes.

As the TDSR remain the single most important criteria for quantum of loan applications, analyst predict for the next 12 months, the smaller units will still be more popular as buyers sort to lay their hands on their dream home.

Also, TDSR measurements has resulted in many developers reluctant to give furniture vounchers to entice buyers to buy as this is included in the sales price. Instead, developers are now focused on incentivizing property agents by giving higher commissions.

As properties below $1.0 million remain vastly popular, this results in buyers looking at smaller units at higher psf. The Hillford Condo maybe able to get around this. This is because the land was bid at a lower price and this means the units is likely to be sold at a lower price. Therefore, buyers might be able to find bigger units at a low psf that has quantum of less than $1.0M. The Jalan Jurong Kechil Condo near beauty world remains to be one of condos whereby buyers might be able to buy a bigger unit at a lower price.

Despite the higer price per squarefoor (psf) of new smaller units, more private property buyers are choosing the smaller units over the bigger ones.

This trend became apparent especially after the TDSR (Total Debt to Serivice Ratio) that was introduced in June by the Monetary Authority of Singapore.

Analyst attribute that units below $1 million remain the most popular even after TDSR measurements and expect private property prices to remain stable albeit lower transaction volumes.

As the TDSR remain the single most important criteria for quantum of loan applications, analyst predict for the next 12 months, the smaller units will still be more popular as buyers sort to lay their hands on their dream home.

Also, TDSR measurements has resulted in many developers reluctant to give furniture vounchers to entice buyers to buy as this is included in the sales price. Instead, developers are now focused on incentivizing property agents by giving higher commissions.

As properties below $1.0 million remain vastly popular, this results in buyers looking at smaller units at higher psf. The Hillford Condo maybe able to get around this. This is because the land was bid at a lower price and this means the units is likely to be sold at a lower price. Therefore, buyers might be able to find bigger units at a low psf that has quantum of less than $1.0M. The Jalan Jurong Kechil Condo near beauty world remains to be one of condos whereby buyers might be able to buy a bigger unit at a lower price.