Side effects of CMs
What do you guys think about side effects of CMs (especially CM4/CM5):
1. 10% foreign ABSD depressed the CCR prices
- narrowing gap between OCR, RCR and CCR prices
2. LTV 40%
- It kills the dream of some HDB upgraders to stay in HDB + buy one PC for investment as they cannot afford the LTV40%
- MM market booming due to smaller quantum thus more affordable as investment property
- it gives cash-rich people unfair advantage in property investment??
- It favors purchasing of new PC units as by progressive payment of 40% over 4y
3. 4y SSD
- It favors purchasing of new PC units as by the time TOP, 4y is over??
- Lower interest in old resale units as cannot flip in 4y, after 4y unit becomes too old
Any other side effects?? Really distorted market due to CMs
Ride at your own risk !!!