Commentary “I’m Essentially Homeless For 15 Months Now”: New Cooling Measures Leaving Some Homeowners In A Difficult Situation

  • October 1, 2022
  • 5 min read
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Sean

Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.

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Suki
Suki

The issue of when the 15 months start & end has not been addressed. Is it upon the option to purchase being exercised or sale completion?

Stacked Homes
Stacked Homes

Hey! It’s based on Sale Completion 🙂

Suki
Suki

Thanks

Turner
Turner

They can just go rent some HDB and give back some of their profits from selling their condo/landed. Shiok lah!

Stacked Homes
Stacked Homes

The main issue is that many who already sold their homes didn’t factor in renting for 15 months. It’s quite a hefty fee!

Ultra Shiny Marines
Ultra Shiny Marines

It is not possible for the government to please everyone.

Stacked Homes
Stacked Homes

True, hopefully, genuine home buyers would be able to transact easily. But often when people complain about high property prices, they don’t realise that cooling measures will actually affect them too so even if prices go down or stabilise, it does not necessarily mean you can afford it especially when the LTV or interest rates used to determine affordability become stricter.

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