Straits Times highlight a trend seen this year of the increasing number of people returning purchased units.Do grab a copy if you are interested. Honestly, it is just a statistics because it is just saying 30% of 277 units were EC. That is still a small amount compared to 3337 units EC issued last year. That is about 2.5% of it.
What is interesting for me is that for the first time the blame was landed squarely on the MSR. The MSR limits the monthly housing payments to less than 30% of the buyers gross monthly income. In many reports in the past, the limelight was taken by the TDSR, which governs that the combine of all debts the household owns must be less than 60% of combine gross income.
Other reasons likely can be due to cancellation of marriages or income becoming more than a combined $12,000.
......
Straits Times highlight a trend seen this year of the increasing number of people returning purchased units.Do grab a copy if you are interested. Honestly, it is just a statistics because it is just saying 30% of 277 units were EC. That is still a small amount compared to 3337 units EC issued last year. That is about 2.5% of it.
What is interesting for me is that for the first time the blame was landed squarely on the MSR. The MSR limits the monthly housing payments to less than 30% of the buyers gross monthly income. In many reports in the past, the limelight was taken by the TDSR, which governs that the combine of all debts the household owns must be less than 60% of combine gross income.
Other reasons likely can be due to cancellation of marriages or income becoming more than a combined $12,000.
......
