In response, developers have started phasing out there incentive plans and discounts that they are offering to first-time buyers or those who wish to purchase new properties. The results of these plans has been negligible and do not seem to be attracting the customer base like it once did.
This may also had something to do with the tightening of loan requirements and the required transparency involved in reporting discounts and incentives for Kingsford Waterbay.
New Launch Freebies for Kingsford Waterbay
Though these laws and in place for 12 years now, they are now being more strictly interpreted and enforced.
Previously banks had a free hand and could ignore these incentives. However, now it works against the buyer so is less attractive nowadays.
The buying public is becoming savvier and is not being taken in by these types of incentive schemes anymore. They know there’s no such thing as a free lunch and these incentives that they’re being given will have to be paid for somewhere down the line for Kingsford Waterbay.
Kingsford Waterbay Upper Serangoon
“Last week however, the market shot up not only in Singapore but in most of Asia as well and the response for Kingsford Waterbay will be well received.
This occurred in the early part of the first trading session of the year. This trend seems to be continuing with no end in sight.
While this is cause for good cheer, experts warn that even though it is a 40% surge it is still below the norm for interest rate levels to be at this time for Kingsford Waterbay.
This rise could negatively impact buyers of new homes considering most housing loans follow the benchmark bank rates. There is a fear that bank loans will spike as well.
The Fed after looking at the current situation is planning to raise interest rates by the third quarter of this year. This will have a ripple effect that could potentially cause the Singapore market to hit 1 to 2% higher by year-end.