Government caps tenure of residential loans at 35 years

[corydorus]

This latest measure will take away those with income that could not service a loan shorter than 35 years. This group of people should not be looking at investment property in the first place. Better for them to invest in REIT!

also those who can't afford a private property, but buying anyway...

Frankly if the intent is to curb risk, that's fine. However if the goal is to drive the property price higher, than we are making the elite richer while holding back those not-so-rich.

Time will tell.