7 years ago, Singaporeans could still buy 2nd property without ABSD. Foreigners had to pay ABSD of 10%
5 years ago, Singaporeans had to pay ABSD of 7% to buy 2nd property. Stated then in IRAS "These new ABSDs and loan rules are significant, but they are temporary."
Today, Singaporeans buying 2nd property have to pay more than foreigners had to pay 7 years ago.
Where are all these heading towards?
Originally Posted by
Arcachon
1. New Launch post CM will be price sensitive best time to buy.
2. Due to additional 5% ABSD for developer, the new land and en bloc bidding price will be more sensitive.
3. Construction cost will be reduce by using more sensitive material.
4. Big name like WOHA will be more in the CCR than RCR or OCR.
After sometime everyone will forget and chiong again just like the pricing since 2006.
Anyone think can get even 2011 psf will be label crazy because the land price 965 psf ppr already more than the launch price 899psf.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.