Risks involved in market swings
The high-end properties as well as the mid to high-end properties risks largely depends on the demonstrated price volatility during market swings
. The mass market condominiums are presently facing the challenge of a market affordability risks. With the present elevated market price levels, a new benchmark for prices could be formed provided the employment figures remain stable. The new prices could hold up for awhile depending on the employment factors. The HDB supports the condition of the
mass market condominium. The HDB is the basis for mass market condominium pricing. The HDB is currently experiencing shortage of supply.
Availability of housing loan services
The only limitation that an individual may face is the availability of housing loan services that ignores cash down payment or owner's cash equity part. Normally, housing loans require owner's cash equity. The owner's cash equity will serve as the down payment for the purchase of the property. The fact that the savings and cash holdings are not homogeneous across all income groups of the country, it would be impractical and misleading to use the national savings as a guide. To simplify the analysis, the cash down payment funding portion is ignored in the following computation.
Sample computation using condominiums such as Shenton Way
76 Shenton between $1,900 - $2,400 psf.
The Sail @ Marina Bay - between $2,000 - $3,300 psf
International Plaza - $1,100 range
Icon - $1,600 - $1,700 psf
Some parts of China town, Tiong bahru, etc.
Leonie Hill, Leonie Studio - $1,500 to $1,900
Grange residences - $2,500 to $2,800 psf
Ardmore park - $3,000 - $3,600 psf
Balmoral - $1,500 - $1, 800 psf
Cyan Bukit timah (New development) - $1,800 - $2,400 psf
Aspen heights - $1,400 - $1,600 psf
Rivergate - $1,600 to $1,900 psf
5th Avenue Condominium - $1,200 to $1,400 psf
Singapore BANKS CREDIT stance
Banks have generally been more careful in managing their loan portfolios, investments, and loan or credit facility offers. Banks such as Citibank that were greatly affected during the worldwide recession or sub-prime crisis are aggressively introducing the credit facility package Sibor with trend showing about + 0.5% ascending to 0.9% in June 2010. HSBC responded with the competition and started to campaign aggressively for their credit facilities. The Bank of East Asia eventually entered offering consumers the residential housing loan packages. This time, the banks learn to lend more freely and aggressively to regular households.
Risks involved in market swings
By: Shirley Tan
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