Originally Posted by
richwang
We all know the new launch is kind of over priced while re-sale market is dropping. So the buyers are falling into a trap of
Buy High and Sell Low.
But why?
Part of the reason is the rule for loan is different.
For a buyer with outstanding loans (including HDB loan), the official down payment is 40%. But it is only strictly enforced for re-sale units.
For new launch, it is still 20% down payment and followed by progressive payment.
To level the playing field, maybe new launch and re-sale should both be paying 30% down payment.
This will cause the new launch price to drop and re-sale price to increase. So average Singaporeans will have a better chance to
But Low and Sell High
Otherwise, only developers (and the land seller) will make money. That is not sustainable.
In HK, the down payment for any property is at least 30%.
Thanks,
Richard