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Singapore Property Scene Discussion

therock

By therock,
in Property Buzz

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Throttle2

Throttle2

Supersonic

The Govt is basically sending a very loud message.   Dont mess the property market through loopholes and speculation, i will come after you and i am ready to take drastic measures. 
 

Personally, its a bit late to me. Although better than never

and also the earlier most important social bending cooling measure was wrong right from the start. 
 

so there we have it, the govt picking up the pieces that it has created itself.  

first sign of iron.  
i would like to see more iron in the COE space.   Bidding by buyers only with cash upfront.   Simple as that

its easy to be govt here and yes you need to have iron.   

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Wt_know

Wt_know

Supersonic
(edited)
  On 4/28/2023 at 12:22 AM, Throttle2 said:

The Govt is basically sending a very loud message.   Dont mess the property market through loopholes and speculation, i will come after you and i am ready to take drastic measures. 

Personally, its a bit late to me. Although better than never

and also the earlier most important social bending cooling measure was wrong right from the start. 

so there we have it, the govt picking up the pieces that it has created itself.  

first sign of iron.  
i would like to see more iron in the COE space.   Bidding by buyers only with cash upfront.   Simple as that

its easy to be govt here and yes you need to have iron.   

Expand  

yeah ... seems like 4G do things ... too late too little 

too much wait and see attitude ... by the time you see it ... it's right at your face liao

iron need time to forge .... :grin:

 

Edited by Wt_know
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Spidey10

Spidey10

Supercharged
(edited)
  On 4/27/2023 at 12:51 PM, Wt_know said:

no scare no scare ... look at the positive side

will developer lelong $5M property at $2.5M now that no more PRC and rich Indo come to whack 

 

Expand  

Hope prices normalized and come down to sane levels. then I can huat ahhhhh..:yeah-im-not-drunk:

no scare no scare....50% discount coming soon....

 

Edited by Spidey10
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inlinesix

inlinesix

Hypersonic
  On 4/28/2023 at 12:24 AM, Wt_know said:

yeah ... seems like 4G do things ... too late too little 

too much wait and see attitude ... by the time you see it ... it's right at your face liao

iron need time to forge .... :grin:

 

Expand  

4G has to wait for 3G to give approval.

 

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Spidey10

Spidey10

Supercharged
  On 4/27/2023 at 8:07 AM, therock said:

If you're a really rich person, these ABSD is another overhead and cost, but not an impossible obstacle..

These are not basic millionaires, who need to piece together the money for the downpayment.. 

My buddy's boss buys homes, not home, and when he was told of the costs, he shrugs and that's that. 

Expand  

yes, i think that's the mentality of these super rich...they are not interested in the PR/Citizen lure.....

if they can park here, and in 10 yrs the ROI is 100%...if dun cover the cost, they aint gonna bite!

they dun want the hassle to be tied down buy this must get that...

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Windwaver

Windwaver

Turbocharged

:XD:

https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/foreigners-eligible-for-absd-remission-under-free-trade-agreements-(ftas)

Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens: Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland and Nationals of the United States of America.

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Mkl22

Mkl22

Supersonic
(edited)
  On 4/27/2023 at 9:50 AM, therock said:

I suspect some buyers are in the FOMO mode, and I've said our locals don't have a lot of imagination when it comes to investment..

Mathematically, it must make sense to invest, and sometimes even a FD will gain more after you take the bank interest and other costs into account...

Expand  

Well you have many agents spouting property is Bao jiak! 
then banks should buy more property instead of lending for others to buy. 

Edited by Mkl22
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Volvobrick

Volvobrick

Supersonic
  On 4/28/2023 at 4:44 AM, Mkl22 said:

Well you have many agents spouting property is Bao jiak! 
then banks should buy more property instead of lending for others to buy. 

Expand  

I think they actually did until MAS forced them to sell. 

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Fitmugen

Fitmugen

5th Gear

The property correction will come when HDB BTO is in an oversupply situation. Desmond keep building especially in Tengah and outskirt areas. End up will have oversupply until people can walk in selection. Mass market condos will be hit and cascading effect will occur.

Happened in the early 2000s and will happen again

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13177

13177

Hypersonic
  On 4/28/2023 at 6:27 AM, Fitmugen said:

The property correction will come when HDB BTO is in an oversupply situation. Desmond keep building especially in Tengah and outskirt areas. End up will have oversupply until people can walk in selection. Mass market condos will be hit and cascading effect will occur.

Happened in the early 2000s and will happen again

Expand  

Thought now BTO will only built when got people select the flats? And thought they say the current BTO flat built cannot meet the demand? 😅

Anyway, now really can see that any piece of land they can also build BTO. Dont know if really there is a demand for BTO or not.

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inlinesix

inlinesix

Hypersonic
  On 4/28/2023 at 6:27 AM, Fitmugen said:

The property correction will come when HDB BTO is in an oversupply situation. Desmond keep building especially in Tengah and outskirt areas. End up will have oversupply until people can walk in selection. Mass market condos will be hit and cascading effect will occur.

Happened in the early 2000s and will happen again

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I thank Marlboro Tan then

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