View Full Version : More cooling measures 'likely'
http://www.businesstimes.com.sg/sub/news/story/0,4574,484262-1333223940,00.html?
Published March 31, 2012
More cooling measures 'likely'
By MINDY TAN
THE likelihood of the government implementing a sixth round of cooling measures is now much higher than two months back.
That being said, measures, if implemented, are likely to happen only in the second quarter of this year, said Png Poh Soon, head of consultancy and research at Knight Frank.
'A few months doesn't really constitute a trend so naturally, the government will look - it may take one to two quarters to observe if this is a sustainable trend or if (the spike in sale volumes) is short-term,' he said.
Based on Urban Redevelopment Authority (URA) figures for the month of February, a total of 2,413 private homes - excluding executive condominiums (ECs) - were sold, representing a 29 per cent month-on-month jump, and more than double the number sold in the same period last year.
Including ECs, a total of 3,138 units were sold in February, up 51 per cent from January's 2,077 units.
The robust buying sentiment has revived conjecture that the government might roll out additional cooling measures. This follows a series of cooling measures which culminated in the implementation of an additional buyer's stamp duty in December last year.
Said Mr Png: 'When the sixth round comes in, it could be a refinement of the existing five rounds of cooling measures, or it could be something drastically new. The way I look at it, it's likely a tightening of existing measures.'
'The market is actually in mixed flux. The resale market is quite dead, (but) new sales are doing very well. Is this (a sign of) a very stable and sustainable market? This is a question many people are interested in.'
your CM is like no effect at all... :doh:
when developers keep setting record prices, you know you're never too far away from more CM.
the developers are out to sux dry your pocket money nowadays..
:mad:
Allthepies
07-04-12, 23:26
the developers are out to sux dry your pocket money nowadays..
:mad:
Income ceiling going to raise to 20k to give a strong punch to the developers? :D
But shouldn't really put all the blame on the developers, need two hands to clap leh. The buyers have so many BTO, dbss, ec and the large resale units to choose from. If they keep biting new launches, of course the developers will raise price to maximize profit. :sleep: :sleep:
Allthepies
07-04-12, 23:33
when developers keep setting record prices, you know you're never too far away from more CM.
There little the government can do la.... Just leave the private market alone and don't waste manpower and government resources on it. Just feed the citizens with unlimited hdb supply will do:D Leave private market to market force. Or another way is to shut the door loh, become a closed economy.:tongue3:
How to feed unlimited? Keep doing SERS? But that still take 3-4 years for the supply to come on line.
Allthepies
08-04-12, 00:01
How to feed unlimited? Keep doing SERS? But that still take 3-4 years for the supply to come on line.
like what they r doing now, launching 50k, 100k or 500k unit per year....to solve the immediate shortage, take back all hdb that are used by owners for tenanting and re-released to the young couples. but of course the existing owners will object furiously, the foreigners will have no place to stay and mass market condo rents will shoot up,....
There little the government can do la.... Just leave the private market alone and don't waste manpower and government resources on it. Just feed the citizens with unlimited hdb supply will do:D Leave private market to market force. Or another way is to shut the door loh, become a closed economy.:tongue3:
Its the locals buying up new projects at new highs....
Its the locals buying up new projects at new highs....
can u blame them COE 80k....HDB 800k....buy BRAND NEW CONDO better right...below 1mil can get 3 bedder....INTEREST SO LOW SOMEMORE.....no matter what type of CM wont work....u know what CM means right....
CM=Cannot Make....IT:D
You must know that now Singapore has about 20% of each cohort who are graduates not including those getting degrees from abroad. This group of people have studied hard with the hope of having a better life with PC and car. This group will increase to 25% in a few years time. They also know that having HDB will tie them down for 5 years and to this group is too long. However, I will still want my kids to go for BTO flat as this is their entitlement.
Income ceiling going to raise to 20k to give a strong punch to the developers? :D
But shouldn't really put all the blame on the developers, need two hands to clap leh. The buyers have so many BTO, dbss, ec and the large resale units to choose from. If they keep biting new launches, of course the developers will raise price to maximize profit. :sleep: :sleep:
buttercarp
08-04-12, 10:21
However, I will still want my kids to go for BTO flat as this is their entitlement.
Agreed.... definitely must get the kids to get BTO when they get married.
It is something like a birthright.
phantom_opera
08-04-12, 10:28
Singapore girls first house is D9 or D10 or Reflection or Marina Bay ... you can forget about HDB :cool: Little wonder Singaporean men are marrying Malaysians, Indons, Pinoys, Vietnamese, Taiwanese, mainland Chinese and leaving the Singapore girl alone :cheers5:
These girls from mainland chinese, vietnamese, etc will divorce the Singapore men and share half of their wealth. :tsk-tsk:
Singapore girls first house is D9 or D10 or Reflection or Marina Bay ... you can forget about HDB :cool: Little wonder Singaporean men are marrying Malaysians, Indons, Pinoys, Vietnamese, Taiwanese, mainland Chinese and leaving the Singapore girl alone :cheers5:
Singapore girls first house is D9 or D10 or Reflection or Marina Bay ... you can forget about HDB :cool: Little wonder Singaporean men are marrying Malaysians, Indons, Pinoys, Vietnamese, Taiwanese, mainland Chinese and leaving the Singapore girl alone :cheers5:
haha...
into condo, yes.. but not d9 or d10 la..those region too exp. unless they earn really alot :D
Agreed.... definitely must get the kids to get BTO when they get married.
It is something like a birthright.
I think, this is a very wrong thinking
one shall set the goal that the kids are no longer eligible to buy HDB when they get married. ie, they earn >$10,000 a month for the couple.
Can u imagine if the couple earn $10,000 a month when they get married?
Look closely and study carefully, it is not that expensive as you think. I am talking about condos not landed.
haha...
into condo, yes.. but not d9 or d10 la..those region too exp. unless they earn really alot :D
It will not be household income of $10,000 to buy BTO hdb flat then at least for my kids. Not sure about buttercup. It could be $13000. Alternatively, one of them can resign temporarily and then apply for a BTO flat.
I think, this is a very wrong thinking
one shall set the goal that the kids are no longer eligible to buy HDB when they get married. ie, they earn >$10,000 a month for the couple.
Can u imagine if the couple earn $10,000 a month when they get married?
buttercarp
08-04-12, 11:12
I think, this is a very wrong thinking
one shall set the goal that the kids are no longer eligible to buy HDB when they get married. ie, they earn >$10,000 a month for the couple.
Can u imagine if the couple earn $10,000 a month when they get married?
So you are saying if the couple's combined income is less than $10k, they should not get married?
No wonder our youngsters are getting married later and later!
So you are saying if the couple's combined income is less than $10k, they should not get married?
No wonder our youngsters are getting married later and later!
I am talking about goal setting for children. As to what they can achieve is a different story.
Dun tell ur children that getting a BTO is your entitlement. I tell my children, there is no such thing known as entitlement even from the parents. They must earn for themselves.
I am afraid kids are very smart these days. They will go the easier way out. They must be able to maintain what they have and grow it. Should not start from ground zero. This is the strategy of the new generation. Our old school of thoughts do not work now. :beats-me-man:
I am talking about goal setting for children. As to what they can achieve is a different story.
Dun tell ur children that getting a BTO is your entitlement. I tell my children, there is no such thing known as entitlement even from the parents. They must earn for themselves.
How to feed unlimited? Keep doing SERS? But that still take 3-4 years for the supply to come on line.
What to do..
Last time gov build many many flat at ulu place at Punggol & expecting many ppl to buy.. but end up stuck vacant.. so for the last few year they keep releasing Punggol/Sengkang (no mature estate) so ppl lan lan have to buy there & gov can clear off their vacant units.
Now gov has learn their lesson, you buy then they build..
Punggol 21 project was mooted 10 years ago with no success. Now, it is so successful with WT, ATT, etc. They really good. :cheers1:
What to do..
Last time gov build many many flat at ulu place at Punggol & expecting many ppl to buy.. but end up stuck vacant.. so for the last few year they keep releasing Punggol/Sengkang (no mature estate) so ppl lan lan have to buy there & gov can clear off their vacant units.
Now gov has learn their lesson, you buy then they build..
limit supply in popular estate + do up longkang in ulu estate with surplus = viola! They get u to where they want u to b
This could be due to the increase of 1mil population in the last 8 years.
limit supply in popular estate + do up longkang in ulu estate with surplus = viola! They get u to where they want u to b
phantom_opera
08-04-12, 11:41
actually lots of lands still around MRT stations (even for those close to city centre) .. if you know what it means :)
Hence, buy those landed ones in those area if you know what I meant.
actually lots of lands still around MRT stations (even for those close to city centre) .. if you know what it means :)
Allthepies
08-04-12, 11:52
You must know that now Singapore has about 20% of each cohort who are graduates not including those getting degrees from abroad. This group of people have studied hard with the hope of having a better life with PC and car. This group will increase to 25% in a few years time. They also know that having HDB will tie them down for 5 years and to this group is too long. However, I will still want my kids to go for BTO flat as this is their entitlement.
Emporium boss bankrupt @ 72 and become a millionaire again @ 87! This is what I called work very hard and deserving what he has/had. Not becos u r graduate, u deserve to stay in condo :doh: :doh:
There a chinese saying that says that it is difficult to be prosperous for 3generations... It really true loh...
the next CM ...possible:
-no more small unit with more than one bedroom...
- capital tax
- no more 2 units for local unless tax heavily
etc etc:p
phantom_opera
08-04-12, 12:08
Buy MM now b4 it is banned lol
If they do so well until they don't qualify for hdb, then good for them. But if they can go for BTO or EC, they should definitely go for it!
I get the feeling some people are buying cos they are afraid they cant buy after the next CM.
Buy MM now b4 it is banned lol
I hope tinier units will ge allowed. Given the choice between paying $550k for a 450 sqm 1 bedder or $275k-300k 225 sq m studio, i'd rather buy the studio.
It is possible for anyone to own private properties. i agree it is not just education but positive attitude, etc, especially the never die attitude like former emporium boss. Now is very different fm before. Just look at the scholars these days. They are usually fm reasonable background.
Emporium boss bankrupt @ 72 and become a millionaire again @ 87! This is what I called work very hard and deserving what he has/had. Not becos u r graduate, u deserve to stay in condo :doh: :doh:
There a chinese saying that says that it is difficult to be prosperous for 3generations... It really true loh...
buttercarp
08-04-12, 13:48
Agreed.... definitely must get the kids to get BTO when they get married.
It is something like a birthright.
I think, this is a very wrong thinking
one shall set the goal that the kids are no longer eligible to buy HDB when they get married. ie, they earn >$10,000 a month for the couple.
Can u imagine if the couple earn $10,000 a month when they get married?
If they do so well until they don't qualify for hdb, then good for them. But if they can go for BTO or EC, they should definitely go for it!
Yup, if a couple qualifies for application for BTO especially if it is their first time, they should go all out for it. It is their right as a singaporean to enjoy the subsidy so why not.
Also if their combined income is less than 10k per month, why slog so hard and buy a pte property. They should take it one step at a time. When the BTO matures, they can sell it most of the time at a profit and by that time hopefully their salary have increased for them to consider an EC or if not, a private property.
I got this friend.... when they got married, did not want new HDB cos none in matured estate. So they forked out a large sum in 1998 to buy a 5 room flat in Bishan. Later wife wanted to move to condo but husband refused and said that he wanted to save up to get a landed property near Bishan. Till this date, they are still living in the Bishan 5 room HDB flat.
Yup, if a couple qualifies for application for BTO especially if it is their first time, they should go all out for it. It is their right as a singaporean to enjoy the subsidy so why not.
Also if their combined income is less than 10k per month, why slog so hard and buy a pte property. They should take it one step at a time. When the BTO matures, they can sell it most of the time at a profit and by that time hopefully their salary have increased for them to consider an EC or if not, a private property.
I got this friend.... when they got married, did not want new HDB cos none in matured estate. So they forked out a large sum in 1998 to buy a 5 room flat in Bishan. Later wife wanted to move to condo but husband refused and said that he wanted to save up to get a landed property near Bishan. Till this date, they are still living in the Bishan 5 room HDB flat.
They should have taken the plunge in 2009 when the gap was the narrowest. Now the gap is wider than kallang river.
buttercarp
08-04-12, 14:05
They should have taken the plunge in 2009 when the gap was the narrowest. Now the gap is wider than kallang river.
Actually they almost did.
They almost bought a FH cluster semi D in Bukit Timah.
It was going at 3.1 mil negotiable at that time. Can't recall the name of the development.
Then they felt that the loan was stifling and were hoping that the prices would falll further.
But considering their income, and if they had sold off their HDB flat, it would be actually quite comfortable.
Actually they almost did.
They almost bought a FH cluster semi D in Bukit Timah.
It was going at 3.1 mil negotiable at that time. Can't recall the name of the development.
Then they felt that the loan was stifling and were hoping that the prices would falll further.
But considering their income, and if they had sold off their HDB flat, it would be actually quite comfortable.
What was their combine household income then?
buttercarp
08-04-12, 14:08
What was their combine household income then?
Estimate only but not sure = $30k per month
Estimate only but not sure = $30k per month
This is a very good figure.
buttercarp
08-04-12, 14:11
This is a very good figure.
From what I gather, they prefer to pay up the loan asap so that's why they were hesistant about the 3.2 mil property.
Last I heard they bought a commercial property.
From what I gather, they prefer to pay up the loan asap so that's why they were hesistant about the 3.2 mil property.
Last I heard they bought a commercial property.
How old are them?
buttercarp
08-04-12, 14:17
How old are them?
Haiz..... why you wanna know so much?
Definitely older than you is all I can say.
I get the feeling some people are buying cos they are afraid they cant buy after the next CM.
I hope tinier units will ge allowed. Given the choice between paying $550k for a 450 sqm 1 bedder or $275k-300k 225 sq m studio, i'd rather buy the studio.225 sqm or 450 sqm are most certainly not tiny units... less studios and 1 bedders... :rolleyes:
From what I gather, they prefer to pay up the loan asap so that's why they were hesistant about the 3.2 mil property.
Last I heard they bought a commercial property.
want to sleep peacefully every night meh :D:D
Haiz..... why you wanna know so much?
Definitely older than you is all I can say.He is comparing with people around to understand his own position... :rolleyes:
buttercarp
08-04-12, 14:26
want to sleep peacefully every night meh :D:D
Yup, they sleep very well. Enjoy wine and fine dining too.
Holiday is to expensive destinations like the Swiss alps.
They like fast cars - change cars very often. Now have a 7 series BMW.
How old are them?
competition is good but don't over-stretch and hurt yourself.. :D:D
Yup, they sleep very well. Enjoy wine and fine dining too.
Holiday is to expensive destinations like the Swiss alps.
They like fast cars - change cars very often. Now have a 7 series BMW.
Do they have kids?
buttercarp
08-04-12, 14:33
Do they have kids?
OMG..... :doh: !
Sorry, they are not goats.
OMG..... :doh: !
Sorry, they are not goats.
lol......:D:D:D
can u blame them COE 80k....HDB 800k....buy BRAND NEW CONDO better right...below 1mil can get 3 bedder....INTEREST SO LOW SOMEMORE.....no matter what type of CM wont work....u know what CM means right....
CM=Cannot Make....IT:D
Cant Moderate
Cant Manage
Cant Motivate
Singapore girls first house is D9 or D10 or Reflection or Marina Bay ... you can forget about HDB :cool: Little wonder Singaporean men are marrying Malaysians, Indons, Pinoys, Vietnamese, Taiwanese, mainland Chinese and leaving the Singapore girl alone :cheers5:
Even those FT that you mentioned also like to stay condo... the bigger the swimming pool the better....splash splash show off beekineess. hullooo everybirdy!!!
I get the feeling some people are buying cos they are afraid they cant buy after the next CM.
I hope tinier units will ge allowed. Given the choice between paying $550k for a 450 sqm 1 bedder or $275k-300k 225 sq m studio, i'd rather buy the studio.
Sqm?? Did I c wrongly.... you meant sqf right...
Well if they continue buying then they are adding to the likelihood of the another CM right? vicious cycle... the more CM come out, the more scared people are and faster buy first in case next time cannot buy.....
From what I gather, they prefer to pay up the loan asap so that's why they were hesistant about the 3.2 mil property.
Last I heard they bought a commercial property.
Prefer to pay up loan asap???
Guess god is fair.... some rich people not very smart.
buttercarp
08-04-12, 16:13
Prefer to pay up loan asap???
Guess god is fair.... some rich people not very smart.
What's wrong with paying up the loan asap?
Can sleep better when finish paying it off.
Interest rates may not be low all the time.
Some smart people are not rich too.
Pay off loans when rates start to tick higher ma, afterall you have the cash.
What's wrong with paying up the loan asap?
Can sleep better when finish paying it off.
Interest rates may not be low all the time.
Some smart people are not rich too.
Loan interest rate cheap.
Can use spare cash to generate higher returns elsewhere.
As long as the money is productively used (NOT for depreciating asset like a flashy CAR and not in the casino).
It only makes sense to pay off the loan when interest rates rise and it is not possible to get higher returns from other investments.
buttercarp
08-04-12, 18:23
Loan interest rate cheap.
Can use spare cash to generate higher returns elsewhere.
As long as the money is productively used (NOT for depreciating asset like a flashy CAR and not in the casino).
It only makes sense to pay off the loan when interest rates rise and it is not possible to get higher returns from other investments.
Yup.
I know, but there is nothing wrong in clearing the loan asap.
It is all up to the person's risk appetite.
Ok maybe i should qualify what i said. Own stay, fine you want to pay for asap that's up to individual. But for investment and renting out. It's really quite capital inefficient to pay off when rates are low.
buttercarp
08-04-12, 19:57
Ok maybe i should qualify what i said. Own stay, fine you want to pay for asap that's up to individual. But for investment and renting out. It's really quite capital inefficient to pay off when rates are low.
That's right... I agree with you.
I feel that for own stay it is better to clear up loan.
2nd property can take own sweet time if interest rate is low.
OMG..... :doh: !
Sorry, they are not goats.
Ha ha....it was just a honest question...lol I almost fall off the coach...
That's right... I agree with you.
I feel that for own stay it is better to clear up loan.
2nd property can take own sweet time if interest rate is low.
But clear up loan may mean inefficient use of capital?
phantom_opera
09-04-12, 09:11
even for own stay, clear loan fast is not advisable
- what if you need a car next and must take a car loan? if you still have cash, you can borrow less for the car loan (or simply just pay cash for car) .. housing loan interest is so low now so what is the hurry?
- what if emergency situation arise and u need cash?
- in the period of high inflation yet low interest, borrowing means taking advantage of depositors :tsk-tsk:
Basically it boils down to cash flow ... if you are in business, would you do the same?
buttercarp
09-04-12, 09:38
But clear up loan may mean inefficient use of capital?
For me it is better to clear loan for roof over my head asap.
What happens if you invested in something that goes bust... then you may not have the means to service the loan.
even for own stay, clear loan fast is not advisable
- what if you need a car next and must take a car loan? if you still have cash, you can borrow less for the car loan (or simply just pay cash for car) .. housing loan interest is so low now so what is the hurry?
- what if emergency situation arise and u need cash?
- in the period of high inflation yet low interest, borrowing means taking advantage of depositors :tsk-tsk:
Basically it boils down to cash flow ... if you are in business, would you do the same?
I would set aside a sum to buy a car, renovate house, vacation expenses etc and emergency money.
Then whatever that is left that is not needed urgently, I would use it pay up the loan for my first property asap.
Then if I still have extra, I will invest in another property or stocks, etc.
phantom_opera
09-04-12, 09:40
For me it is better to clear loan for roof over my head asap.
What happens if you invested in something that goes bust... then you may not have the means to service the loan.
I would set aside a sum to buy a car, renovate house, vacation expenses etc and emergency money.
Then whatever that is left that is not needed urgently, I would use it pay up the loan for my first property asap.
Then if I still have extra, I will invest in another property or stocks, etc.
It depends, what if the roof over your head is HDB 30y loan fixed @ 2.6% Ah Gong money :p
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.