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Revision as of 21:26, 2 February 2007

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Ultimately, homeowners at the moment are left with a alternative of holding onto the property and paying significantly greater rates of interest or promoting their unit. Looking at how much more an proprietor will have to pay to maintain his unit, it's positively conceivable that those who had stretched themselves will take into account selling their items to minimise their monetary pressure. Naturally, the next query is whether or not there are nonetheless property consumers available in the market and how many there are.

To answer that question, allow us to check out the house ownership price for Singaporeans and Singapore Residents. Based mostly on data from the department of statistics, it may be seen that the house possession fee in 2012 is 90.1%. In other words, 9 out of 10 Singaporeans and Singapore residents own at least one property (i.e. their home). Only 1 out of 10 do not currently own their home and might probably nonetheless purchase properties with out a lot restrictions.