Dear Mr. Tan
Do you think that a tigthening of mortgage rule such that only 25 years maximum is allowed will occur in Singapore?
In Canada to avoid the housing bubble to expand further, their government has now eliminated the 30 years loan:http://www.sfgate.com/business/bloomberg/article/Canada-s-Flaherty-Tightens-Mortgages-to-Avert-3652985.php
James Neo
REPLY
I agree with the approach taken by the Canadian Government. I hope that the Singapore Government will also set a limit of 25 years for mortgages. This will prevent people form over-paying for their property.
Do you think that a tigthening of mortgage rule such that only 25 years maximum is allowed will occur in Singapore?
In Canada to avoid the housing bubble to expand further, their government has now eliminated the 30 years loan:http://www.sfgate.com/business/bloomberg/article/Canada-s-Flaherty-Tightens-Mortgages-to-Avert-3652985.php
James Neo
REPLY
I agree with the approach taken by the Canadian Government. I hope that the Singapore Government will also set a limit of 25 years for mortgages. This will prevent people form over-paying for their property.
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