Check out median COVs across towns.
3-month SIBOR remained at 0.38%, marking another year of low interest rates.
CIMB notes that while bank margins appear to have inched up by 5-10p, mortgage rates remain in the 1.1-1.2% range.
Median cash-over-valuations for HDB resale units meanwhile has gone up by another 15% in 4Q12 to reach c.S$35,000 on average, fuelling
upgrader demand for private property.
"Prolonged low interest rates are likely to continue supporting prices and volumes, but we expect some moderation in investment demand following higher additional buyers’ stamp duty and tighter loan-to-value measures that will increase equity outlay by 15-20% or S$150k-200k on a S$1m property, for any citizen or PR buying a second property and who has an outstanding housing loan."
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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