What are the long term implication?
Will the economy burst just like US? And worst many of them are foreigners. Can they serve the loan?
If developers are so against the increase, they can always be the guarantors of the loan as they would have the resources to pay the bank if the buyer default.
Also real estate agent can also help to serve as co-guarantor for the bank loan with the developers to help their CLIENTS.
Will the economy burst just like US? And worst many of them are foreigners. Can they serve the loan?
If developers are so against the increase, they can always be the guarantors of the loan as they would have the resources to pay the bank if the buyer default.
Also real estate agent can also help to serve as co-guarantor for the bank loan with the developers to help their CLIENTS.