Lots of HDB upgraders, or singles and also newlyweds looking for their own 1st family homes may be looking for Westwood Residences EC in Jurong as their choice homes. However, the Total Debt Servicing Ratio (TDSR) framework might just be putting the buyers off as they do not have enough to loan.

Whilst figures shows dropping manufacture activity is actually negatively impacting on the city state’s economy, a drop in estate selling prices can potentially result in a more significant threat, in line with mass media reports as many buyers are not able to purchase their dream home. Indeed, figures show that it is negatively affected as the town state’s economy grew by merely 1.4% in Q3 2014 yearly, while many economic experts surveyed by Reuters have been expecting a 1.8 percent increase.

Westwood Residences EC Buying Sentiments

Developers have previously enjoyed the Arina East Residences gains within the residential house price uphill cycle from 2005 and hence many developers are not willing to reduce their prices as they have a strong balance sheet to withstand slow sales. On the other hand, potential purchasers are very aware of the current downtrend in prices plus they …