BREAKING. MAS ASKING BANKS TO EXTEND DEBT RELIEF INTO 2021

[ahboy82]

No. the economy shd just crash now, period.

should relief to the next cycle..... 2030

 

[jericho75]

Lol interest is forgiven or deferred? Ltr after 2021 one shot ask u pay back

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should be written off. even principal amount also write off even better.

 

[jericho75]

Kicking this can down the run is just going to make it harder for recovery, they know this right?


The debt isn't going away and interest will just keep killing the debtee from ever recovering...

die later is better than dying now right?

 

[LPPLKPKB]

Kicking this can down the run is just going to make it harder for recovery, they know this right?


The debt isn't going away and interest will just keep killing the debtee from ever recovering...

Just look at Japan.

 

[Cobra!]

What happens at end of debt monotorium? Since there's a fixed number of years the loan can be extended (max loan period correlates with age) , then the monthly mortgage payments must be adjusted? That means higher monthly unless rates are lower than they are now, so how do you reconcile with TDSR?

 

[Kunkka]

Just look at Japan.

lucky sinkie and japanese like to save so no problem

 

[jericho75]

What happens at end of debt monotorium? Since there's a fixed number of years the loan can be extended (max loan period correlates with age) , then the monthly mortgage payments must be adjusted? That means higher monthly unless rates are lower than they are now, so how do you reconcile with TDSR?

if they are unable to pay. until next year still cannot pay one.

 

[occifer]

Why COE is so high?

Must be fake bidding like condos.

Too many deliveries due to stay home.
Common for my food to get delivered by car.

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[Cobra!]

if they are unable to pay. until next year still cannot pay one.

no easy solution, unless MinLaw comes out with another law again.

 

[jericho75]

Too many deliveries due to stay home.
Common for my food to get delivered by car.

Sent from me using GAGT

actually town crowd reduced quite alot of ppl these days.

shopping centers like taka, metro, og all having sales.

 

[jericho75]

no easy solution, unless MinLaw comes out with another law again.

for some sectors is gonna be down for a long time. u defer debts in the end they also cannot get new lobang with similar salaries.

 

[kevphua]

Means what huh? Can summarise in 2 sentences?

Means properties will continue to surge non stop. Coe expect to see 50,000.. soon!

 

[kevphua]

What happens at end of debt monotorium? Since there's a fixed number of years the loan can be extended (max loan period correlates with age) , then the monthly mortgage payments must be adjusted? That means higher monthly unless rates are lower than they are now, so how do you reconcile with TDSR?

Means our properties are already in a bubble and now the bubble simply overblown. Hope our govt can open legs big big let rich foreigners help us tank .. if not gg incoming.

 

[jericho75]

Means our properties are already in a bubble and now the bubble simply overblown. Hope our govt can open legs big big let rich foreigners help us tank .. if not gg incoming.

last reported the number of ppl getting loan deferment is 36k. i think dragged until now sure more is deferring instead of the initially reported numbers.

 

[Monokhromos]

Defer not defer also need to pay. Just a matter of when only.

 

[0o0cash0o0]

That’s mean can buy condo and don’t pay installment ?

So the interest will accumulate or freeze ?

Accumulate

 

[kevphua]

Defer not defer also need to pay. Just a matter of when only.

Keep deferring for next 10 years Kym? We already deferred since March right? Lol.. gonna be more than a year Liao.. keep extending.. HUAT AH

 

[jericho75]

Defer not defer also need to pay. Just a matter of when only.

defer only dun need show defaulted in balance sheet only. looks nicer.

 

[compro_1975]

Seriously, for what sia.....

 

[compro_1975]

defer only dun need show defaulted in balance sheet only. looks nicer.

Ya lor if cant pay now what are chance they can pay soon?