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At last hear from you ..You ..whole day hiding eating Huat Kueh ???
Cheers !!!!
Cheers !!!!
LoveToInvest ( Date: 01-Jul-2013 17:24) Posted:
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Booby trap beware..Hope these few days a big green Huat kueh for me to eat..忍 。 大 家 发 啊 huat Ah!!😊
GorgeousOng ( Date: 01-Jul-2013 15:57) Posted:
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Rising treasury yields over the past month may have prompted MAS’ decision to encourage more prudence on housing leverage which takes effect 29 Jun 2013. More could follow depending on the level of success. MAS introduced a Total Debt Servicing Ratio (TDSR) cap at 60% of monthly income.
Financial institutions must now consider all of a borrower’s outstanding debt obligations, i.e in addition to property-related loans, other debt repayments pertaining to cars, renovations and credit card loans must be factored into a borrower’s debt profile. The ratio will be monitored and reviewed over time with a view of further encouraging financial prudence. Calculations will now be based on a medium term interest rate, which is explicitly stated at 3.5% for housing and 4.5% for non-housing loans.
Morgan Stanley estimates this results in borrowers having access to a 20% lower loan quantum on the same income. This could curb demand from the marginal property buyer who has to now look at a 20% cheaper apt or fork out 20% more cash on the down payment. In response to the rising number of cases of buyers circumventing LTV and ABSD rules (eg. parents buying under children’s names), borrowers named on a property loan are now required to be mortgagors of the property. Guarantors not meeting the TDSR threshold are also required to be brought in as co-borrowers, so an income-weighted average age of borrowers will used when applying the rules on loan tenure.
Following previous cooling measures, property stocks have typically fallen 4-7% in the first few days then stabilized. Morgan Stanley believes City Devt, the default proxy to the residential market, is most at risk as 35% of GAV comes from Singapore residential. This compares with Keppel Land’s 16% and CapitaLand’s 8%. Credit Suisse agrees this “mini-measure” could hit market sentiment, prefers developers with more overseas exposure such as CMA, CapitaLand, GLP. UOBK however believes the TDSR measures were largely expected. Says the knee-jerk correction in developers share prices may present buying opportunities. Prefers selective diversified developers, with top picks CapitaLand, Ho Bee, OUE.
Huat to all !!! Huat kueh give me 1 eniugh😊
halleluyah ( Date: 30-Jun-2013 23:33) Posted:
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Scary cats n nervous mice are playing hide n seek.....
Cheers!!!
Cheers!!!
Dow future +86
HSI close today.
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Singapore introduces new property loan curbs
Singapore's central bank announced on Friday new rules that limit the size of property loans financial institutions can grant to individual buyers.
The Monetary Authority of Singapore said in a statement that, from Saturday, financial institutions should not grant any property loan that exceeds a total debt servicing ratio (TDSR) of 60 per cent.
Loans granted above that threshold will be considered " imprudent" , it said.
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Sell your reits and property stocks and pour the money into other stocks?
What is the implications the curb?
Thanks Halleluyah...
halleluyah ( Date: 30-Jun-2013 23:33) Posted:
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Friends,
Get the best out of every trading day!!!! Hip hip hooray ! Hip hip hooray! Cheeers!!!!
Get the best out of every trading day!!!! Hip hip hooray ! Hip hip hooray! Cheeers!!!!
FYI. The 20 stocks on OCBC's Blue Chips Investment Plan are :
CAPITALAND CAPMALL TRUST CAPMALLS ASIA COMFORT DELGRO DBS GLP KEPCORP OLAM SEMBCORP SEMBMARINE SIA SGX
SPH ST ENGINEERING SINGTEL STARHUB UOB WILMAR and NIKKO AM SPORE ETF
investors can buy a portion of these blue chips for as low as $100 every month thru cash, CPF or SRS. Interesting idea.
Tks bro Octavia....gd nite....wish u tomolo huat big big arh.
Octavia ( Date: 30-Jun-2013 22:17) Posted:
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Congrats Bro Love !!
LoveToInvest ( Date: 30-Jun-2013 22:19) Posted:
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Thanks Octavia!!!Huat Arh..
Octavia ( Date: 30-Jun-2013 22:17) Posted:
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Bro LTI informed that he strike 4D, 2nd prize.The nbr 0899 was given by his father.
Congrat LTI.
halleluyah ( Date: 30-Jun-2013 22:05) Posted:
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Ring..Ring...Bro Octavia, can u pls b the translator boh?
Aiyoh....we same same lei no understand....no fun lei....must take chinese tuition aredi loh.
tanglinboy ( Date: 30-Jun-2013 21:41) Posted:
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My English 1 piece by 1 piece .真 献 丑 ！ i was saying ultimate shiok after strike 4 D which my dad given me 0899 献 灵
tanglinboy ( Date: 30-Jun-2013 21:41) Posted:
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不 知 道 喔 ！
GorgeousOng ( Date: 30-Jun-2013 20:41) Posted:
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Post in English please...