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Thread: More measures to cool market

  1. #1
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    Default More measures to cool market


    The Government on Thursday announced more measures to cool the property market.

    The holding period for imposition of Seller's Stamp Duty (SSD) will be increased from the current three years to four years.
    The SSD rates will be raised to 16 per cent, 12 per cent, 8 per cent and 4 per cent of consideration for residential properties which are bought on or after January 14, 2011, and are sold in the first, second, third and fourth year of purchase respectively;
    The government will also lower the Loan-To-Value (LTV) limit to 50 per cent on housing loans granted by financial institutions regulated by the Monetary Authority of Singapore (MAS) for property purchasers who are not individuals.
    And for property purchasers who are individuals with one or more outstanding housing loans at the time of the new home, the LTV limit on housing loans granted by financial institutions regulated by MAS will be lowered from 70 per cent to 60 per cent.
    The measures will take effect on January 14, 2011.

  2. #2
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    Quote Originally Posted by Lovelle

    The Government on Thursday announced more measures to cool the property market.

    The holding period for imposition of Seller's Stamp Duty (SSD) will be increased from the current three years to four years.
    The SSD rates will be raised to 16 per cent, 12 per cent, 8 per cent and 4 per cent of consideration for residential properties which are bought on or after January 14, 2011, and are sold in the first, second, third and fourth year of purchase respectively;
    The government will also lower the Loan-To-Value (LTV) limit to 50 per cent on housing loans granted by financial institutions regulated by the Monetary Authority of Singapore (MAS) for property purchasers who are not individuals.
    And for property purchasers who are individuals with one or more outstanding housing loans at the time of the new home, the LTV limit on housing loans granted by financial institutions regulated by MAS will be lowered from 70 per cent to 60 per cent.
    The measures will take effect on January 14, 2011.
    U beat me to it!

  3. #3
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    Quote Originally Posted by Lovelle

    The Government on Thursday announced more measures to cool the property market.

    The holding period for imposition of Seller's Stamp Duty (SSD) will be increased from the current three years to four years.
    The SSD rates will be raised to 16 per cent, 12 per cent, 8 per cent and 4 per cent of consideration for residential properties which are bought on or after January 14, 2011, and are sold in the first, second, third and fourth year of purchase respectively;
    The government will also lower the Loan-To-Value (LTV) limit to 50 per cent on housing loans granted by financial institutions regulated by the Monetary Authority of Singapore (MAS) for property purchasers who are not individuals.
    And for property purchasers who are individuals with one or more outstanding housing loans at the time of the new home, the LTV limit on housing loans granted by financial institutions regulated by MAS will be lowered from 70 per cent to 60 per cent.
    The measures will take effect on January 14, 2011.
    looks like 50% LTV for non individuals will put Enbloc to a STOP....

    60% LTV....kind of expected...

    the SSD machiam like capital gain tax!.....if market downturn how....those who sold at a loss still kena 4-16% SSD!!! wow....i tink SSD more jialat den cap gain tax leh....

    now really small is beauitful liao......sianz.....more MMs to come

  4. #4
    Junior

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    That's it ... end of the bull run liao

  5. #5
    Exalted

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    Quote Originally Posted by jitkiat
    That's it ... end of the bull run liao
    small units within 1mil will still run.....

  6. #6
    Junior

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    hi kingkong,

    1 time only,,,,this capital gain tax like Australia right ?

    How like that ?

  7. #7
    Senior

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    Default official release from URA website


  8. #8
    Exalted

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    the SSD really HIONG hor....

    if downturn nvr surface within next 2-3yrs...den there will be very few firesale in future liao....

    who will sell their ppty within first 3 yrs....4th yr at 4% to me also ALOT!

    subsale will be dead....agts earn lesser....lol

  9. #9
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    BUY MORE STOCKS!!!!!!!!!!!

    COLLECT ANGBAOS

  10. #10
    Junior

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    Forced holding for 3-4y is definitely too risky from an investment perspective ... what if US 10y bond yield went to 8% 2y later Anything can happen in 4 years !!!

    Pity those who bought > 1kpsf for Jurong Lake District story ... caught at the peak already

  11. #11
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    Quote Originally Posted by jitkiat
    Forced holding for 3-4y is definitely too risky from an investment perspective ... what if US 10y bond yield went to 8% 2y later Anything can happen in 4 years !!!
    3YRS FIXED RATE MIGHT GO UP BY TMR!

  12. #12
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    Time to vote pap out liao

  13. #13
    Exalted

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    Quote Originally Posted by Regulators
    Time to vote pap out liao
    tot tats wat the minority wanted to see? hehe.....

  14. #14
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    Quote Originally Posted by jitkiat
    That's it ... end of the bull run liao
    Yes...... No more casino story Liao.casino start to lose money soon..,, haha beware double whammy..,, buy now and if stock crash. U r gone.

  15. #15
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    Quote Originally Posted by jitkiat
    Forced holding for 3-4y is definitely too risky from an investment perspective ... what if US 10y bond yield went to 8% 2y later Anything can happen in 4 years !!!

    Pity those who bought > 1kpsf for Jurong Lake District story ... caught at the peak already
    Haha really? Got jurong peak story to tell mah. Actually it's only for properties bought after 14 Jan...... 1 4 means one dead gents in 2011, they have to hold 5 yrs and sell nett. Maybe lose money. Poor Peter ng.., run away Liao.

  16. #16
    Junior

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    16% SSD machiam capital gain tax that is what I am worried about all these while. Kill the market straight away. Investor die liao.

  17. #17
    Junior

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    Quote Originally Posted by devilplate
    3YRS FIXED RATE MIGHT GO UP BY TMR!
    Sure Bo? Too much liquidity on 14 Jan onwards no one borrowing ....liao

  18. #18
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    Quote Originally Posted by rattydrama
    16% SSD machiam capital gain tax that is what I am worried about all these while. Kill the market straight away. Investor die liao.
    U should be alright. I worry for devil late. Late in running, selling and dancing,

  19. #19
    Junior

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    My 1000 post here. What a day!!!!

  20. #20
    Junior

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    Quote Originally Posted by kingkong1984
    U should be alright. I worry for devil late. Late in running, selling and dancing,
    Don't think need to. His buying price damn low take rental also olso sleep damn well. He read and preach rich dad poor dad.... an lah ....

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