The September figures also brought the number of new private homes sold in the third quarter of this year to 3,572. This is about 19% higher than the same period last year, the highest quarterly sales volume since the second quarter of 2013, when the bank adopted a stricter total debt service ratio (TDSR) Loan income rules.
The URA ’s second and third quarter private housing price index increases can be explained by the fact that prices may remain stable and the downside is limited. This will give developers confidence to continue their projects and may attract more buyers The same is true of the market.
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