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Singapore speculators who have been banking on making a fast revenue from shopping for property in Johor, Malaysia, are more likely to run into difficulties when the new RM1 million (approx. S$385,200) limit for foreign property purchases comes into effect on May 1.

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The TDSR threshold of 60 per cent will proceed to apply to the refinancing of all investment property loans. That is to encourage debtors to right-dimension their loans and thereby cut back their vulnerability to hostile economic conditions or adjustments in interest rates. Nevertheless, MAS recognises that some borrowers may face challenges in proper-sizing their debt obligations in the quick time period; the beginning stage of debt may be too high and there could also be important prices involved if they needed to sell their properties to cut back their leverage.

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The primary plaintiffs, United Artists Singapore Theatres Pte Ltd ("UAST"), are an organization incorporated in Singapore. In any respect materials times, UAST managed and/or operated some cinemas in Singapore. The first defendants, Parkway Properties Pte Ltd ("PPPL"), are a company integrated in Singapore and is an entirely owned subsidiary of Parkway Holdings Restricted ("PHL"). Until February 2000, PPPL owned seventy six% of the strata lots in Parkway Parade. He holds a Grasp of Science diploma in Civil Engineering from the Massachusetts Institute of Technology, USA and a Bachelor of Science degree in Building (First Class Honours) from the National College of Singapore. The Frasers Property identification brings collectively a number of company and working The Topiary EC @ Fernvale