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Thread: Raising ABSD for second homes among new property-cooling measures announced

  1. #61
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    Unconfirmed,

    Total tally:

    *Park Colonial*
    Huttons : 91
    ERA : 119
    PropNex : 100
    Total = 310 units sold

    *Riverfront*
    Huttons : 135
    ERA : 177
    PropNex : 199
    Total = 511 units sold

    *Stirling*
    Huttons : 86
    ERA : 70
    OT : 31
    Total = 187 units sold

  2. #62
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    with this new cooling measure who still dare to buy second property to play
    easily close to 100k even for a MM unit
    the rental collect also cannot recover back the ABSD

  3. #63
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    Quote Originally Posted by Ayeya View Post
    Unconfirmed,

    Total tally:

    *Park Colonial*
    Huttons : 91
    ERA : 119
    PropNex : 100
    Total = 310 units sold

    *Riverfront*
    Huttons : 135
    ERA : 177
    PropNex : 199
    Total = 511 units sold

    *Stirling*
    Huttons : 86
    ERA : 70
    OT : 31
    Total = 187 units sold
    It is not possible to finish so much paper work for so many units within hours....

  4. #64
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    Oct 2012
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    the property will go the same way as the car market, only the rich can afford

  5. #65
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    Quote Originally Posted by Luke65 View Post
    overnight become buyers market ?
    only for first time buyers and perhaps those who have enbloc-ed and have no other property.

  6. #66
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    Quote Originally Posted by bargain hunter View Post
    i think en bloc will be badly hit. 5% makan by gahmen right away.
    Enblocs will come to a standstill.

  7. #67
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    Quote Originally Posted by DMCK View Post
    the property will go the same way as the car market, only the rich can afford
    Yeah. Car market inflate up the price that you need for the loan.
    Just figures so that you take out lesser cash, or otherwise same amount

  8. #68
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    Quote Originally Posted by DMCK View Post
    the property will go the same way as the car market, only the rich can afford
    Car COE already dropped from $80k to now $25k...

  9. #69
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    Quote Originally Posted by star View Post
    Car COE already dropped from $80k to now $25k...
    but don't worry, there is no way 800k property will drop to 250k, so those on the sidelines: dream on!

  10. #70
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    Quote Originally Posted by tonymontana View Post
    but don't worry, there is no way 800k property will drop to 250k, so those on the sidelines: dream on!
    Of course, speculator had long gone after the 2010-2013 counter measures. Now left are those better holding power, unless going for upgrade or downgrade. Either way sell too cheap can’t upgrade or downgrade.

  11. #71
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    Quote Originally Posted by star View Post
    For 2nd property If u don't buy yesterday your CPF will be locked in till age 55 as u need to pay extra stamp duty. For those age 30s by the time u reached 55yrs old CPF min sum will likely be $300k or more. If u buy after 6 july govt made another 5% from absd. What a smart move to trap your cpf.
    anyone know what is this babbling about??

  12. #72
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    Quote Originally Posted by otansg View Post
    anyone know what is this babbling about??
    Because now you have to fork out more cash for down payment.

  13. #73
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    I do think those who own 2 properties post 2013 need to think very carefully. LTV is the best safeguard for MAS to stress test loans and repayments. Even in 2013, they stress test you at above 2-3% interest rates before they release the funds to you for purchase. MAS should rest assure that folks are not over leveraged in terms of loan but where they get the cash component for it. Its anyone's guess.

    Those in their 20-30s buying their first property for own stay should be quite glad that prices might not go up that fast. They probably need someone to help out for their initial cash payment after today.

  14. #74
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    My thoughts exactly. I was told anecdotally things continued to "happen" into the wee hours of the morning.

    Quote Originally Posted by Laguna View Post
    BTW, how is IRAS going to know whether the OTP is signed before or after 2359?
    is there a time-stamp by the agents?

  15. #75
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    Park Colonial
    Huttons : 91
    ERA : 119
    PropNex : 100
    Total = 310 units sold

    Riverfront
    Huttons : 135
    ERA : 177
    PropNex : 199
    Total = 511 units sold

    Stirling
    Huttons : 86
    ERA : 70
    OT : 31
    Total = 187 units sold

    Did the Rich become Richer and the Poor become Poorer.

    God already bless me with 2 private condo, they just cost 12% and 15% more if I buy today.
    If each cost 1.5 million, it will cost me 180,000 + 225,000 = 405,000.
    I need to work 405,000/50,000= 8 years if my salary a year is 50K a year.
    Thanks Lord for the daily bread, Amen.

  16. #76
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    Luckily i never buy propnex ipo. Drop big time.

  17. #77
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    Quote Originally Posted by star View Post
    Luckily i never buy propnex ipo. Drop big time.
    It's not only propnex . Basically all property company share drop like it's going to crash .
    Will it continue to drop further on Monday ?

  18. #78
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    So now another property winter has started? Wonder what will happen to those enbloc launches in the pipeline.

  19. #79
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    Quote Originally Posted by azeoprop View Post
    So now another property winter has started? Wonder what will happen to those enbloc launches in the pipeline.
    Agree, I like white winter.



    Riverfront Residences showflat opens today.

    Prices will increase by 1% wef tomorrow

  20. #80
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    Quote Originally Posted by Arcachon View Post
    Agree, I like white winter.



    Riverfront Residences showflat opens today.

    Prices will increase by 1% wef tomorrow
    I think if no cooling measures price increase will be more...

  21. #81
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    Quote Originally Posted by star View Post
    I think if no cooling measures price increase will be more...
    Live update, one more sold in TGR.

    Can buy don't buy will never buy whether market up or down.

  22. #82
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    Last night 4 hrs sales:

    Park Colonial
    Huttons : 91
    ERA : 119
    PropNex : 100
    Total = 310 units sold
    (805 units)

    Riverfront
    Huttons : 135
    ERA : 177
    PropNex : 199
    Total = 511 units sold
    (1,472 units)

    Stirling (revised)
    Huttons : 85
    ERA : 73
    OT : 35
    VIP : 7
    Total = 200 units sold
    (1,259 units)

  23. #83
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    Quote Originally Posted by Arcachon View Post
    Live update, one more sold in TGR.

    Can buy don't buy will never buy whether market up or down.
    is the buyer paying 12% absd or no need to pay absd?

  24. #84
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    Quote Originally Posted by august View Post
    Because now you have to fork out more cash for down payment.

    Then dont buy lor.. go buy shares or something else.... loh
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  25. #85
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    Quote Originally Posted by bargain hunter View Post
    is the buyer paying 12% absd or no need to pay absd?
    ??

  26. #86
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  27. #87
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    Quote Originally Posted by Arcachon View Post
    ??
    u reported 'live' another unit sold mah. so i was wondering if u knew if this buyer was paying 12% or 15% ABSD or was a first timer who need not pay absd that's all.

  28. #88
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    Quote Originally Posted by bargain hunter View Post
    u reported 'live' another unit sold mah. so i was wondering if u knew if this buyer was paying 12% or 15% ABSD or was a first timer who need not pay absd that's all.
    ic, was told something happen tomorrow go kp find out what happen.

    MAS 5% should help most waiting to get on the Boat instead of waiting.

    Buying 2 investment property of 1 million will cost another 120K and 150K extra, COE should become cheap now.

    For those who bought near MRT, they save 8X more after paying the ABSD.

    PC is moving fast while the one waiting still think of the crash coming.
    Last edited by Arcachon; 06-07-18 at 21:43.

  29. #89
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    heard affinity absorbing the 5% absd this weekend. oxley in a rush to move units.

  30. #90
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    La fiesta condo was also an overnight sales launch queue to beat the cms.
    Pls check if there’s profits, or blood on the street...?
    And so I don’t understand people saying buyers/ fools rushing in..? Until the meltdown, who’s the real fools we still don’t know yet

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