Have the cooling measures cool the market down? According to the news on 5th March 2013, the property market is still hot with several private properties and 7 Executive Condominium (EC) to be launch this year. Analysts feel that the pricing will not be dropping significantly.
How is the government going to do next to cool the property market?
Next cooling measure will possibly on Mortgage Servicing Ratio (MSR). Potential private property buyers (especially borderline middle class buyers) commit and get your loan approved as soon as possible to avoid disappointment.
Not Approval in Principle (AIP) but signed the Letter of Offer from banks to avoid last minute rush.
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