You by now would have heard of the falling dagger in the HDB market. By that, I am referring to the falling cash over valuation premium for resale flats. What does this mean for buyers? How does the HDB COV impact your loan and MSR?
MND today announced further cooling measures, targeted at the Executive Condominiums (ECs) segment. According to them, it is to bring ECs in line with HDB measures. We think the 30% Mortgage Servicing Ratio (MSR) implementation is more painful than TDSR.