And developers helping buyers to get higher loan quantum too, never mind that we are already scratching our head how the bank can match the super-super high valuation like WaterTown at average $1350 psf when nearby resale private properties are transacted at $1000 psf?
It is true that:
1) MND tolerated super high resale HDB prices?
2) MND tolerated super high new launch private properties?
3) MND tolerated all the under-table un-declared cash-rebates, furniture vouchers, etc etc?
Otherwise why no cooling measures to effective deal with these? All other cooling measures don't seem to have any effect? Either the previous
cooling measures are failure to resolve above problems or they are designed not to solve above problems? Either reasons are like