Bigger flats remain an elusive dream for many homebuyers, and some Singaporeans will simply have to make do with small houses. According to PropNex, even though HDB resale prices entered its third consecutive quarter of decline in 2Q14, smaller loans will keep buyers from snapping up resale flats. But primarily, the main reason behind the slowdown in market activity is attributed to the income cap on how much buyers can borrow to pay off their mortgage. With smaller loans, some buyers can no longer afford to upgrade to larger flats, it reported... Continue Reading