Buyers who really do not qualify should not get the loans they applied for, period. Properties must be built in the areas and with the specs that buyers need.
The numerous unsold units in the market have revealed that many were built with the intention of achieving “quantity” alone. Hopefully, when we look back at this situation in 2020, the 100,000 units would have sold out and not added to the number of existing unsold units in the market.Charles Tan blogs at property investment site kopiandproperty. He dislikes property speculators and disagrees that renting is better than buying. He thinks it’s either property or poverty. He is presently the CEO of an auction house auctioning assets beyond just properties.
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