Primary home sales dropped 30% post-TDSR curbs

12,500 units sold over 9M13.

According to OCBC, authorities implemented its latest set of property cooling measures in Jul-13: a Total Debt Servicing Ratio (TDSR) framework whereby financial institutions will take into account borrowers’ other debt obligations when granting property loans.

Here's more from OCBC:

This set of measures further constricted financing for home buyers, particularly for those with existing property loans.

As a result of these incremental curbs, the number of homes sold in the primary market (excluding EC and landed units) decreased 30% YoY to 12.5k units over 9M13.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!