Asked by H
Would a good gauge of the re-sale value of new-launch projectd in D14 be indicated by whether the local banks (OUB, OCBS, DBS) are willing to loan the purchase value? This is because in future, purchaser would most likely require to take up a bank loan to purchase. For example, project M, all local banks are willing to loan, some even willing to loan 80%, as compared to project L , only two of the three willing to loan up to 70% only OR only certain specific banks are willing to loan. This means the valuation of project M is more realistic than project L as more banks are willing to loan up to 80% and recognise the valuation of the developer. Is this true?
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