Decrease in default rate

I find it hard to agreed with those who say a market crash is imminent.

"The number of mortgagors defaulting on their property loans has reduced over the last two years, according to DP Credit Bureau (DPCB). It said in a report that the average default rate across all age groups fell to a low 0.43% in March 2010, down from the 0.89% in March 2008. DPCB general manager Lincoln Teo said this represents an improvement in the property market, leading to more positive sentiment which indirectly drives better payment behaviour."

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