Haha vy gd idea.... Tats it for sgOriginally Posted by ysyap
Haha vy gd idea.... Tats it for sgOriginally Posted by ysyap
I think the fact the opposition is stronger in general means that overall the property price will be more moderate in years ahead since in general opposition represents a more socialist rather than capitalist/investment mindset. Policies like in australia where foreigner owned properties can only be sold to a citizen/PR may be implemented.Originally Posted by teddybear
As PM says, there is a distinct shift in political landscape and ultimately this will have bearing on the housing market.
Many failed to distinguise hdb and pte ppty...
Mbt failed too..... He go disturb the rich playground by imposing 4yrs ssd n mabe tats y we see rich folks voting against pap.... One of them cud b teddy
Mbt goto wake up his idea.... Control n implement more policies on hdb resale px rather den pte ppty......
For pte ppty just nid to work on LTV
He made 2 very deadly mistakes:
1) Didn't control spiralling upwards new HDB prices and grossly insufficient supply (newspaper said about 20% of new voters, potentially people looking to buy their first property as well).
2) Impose 4 yrs SSD and 60% LTV on private properties, making many of the top 20% private property owners voting against him & PAP (as you said) as they scare will lower their private property values?
3) the other 60% existing HDB flats owners are neutral on spiralling property prices but got fed up with forever increasing costs of living (inflation >5%) while their salary stagnanted (heard friends saying salary increase 1% late last year) despite so-called robust economic growth and the Ministers getting about 30% pay rise.
Lose-lose actions!
Originally Posted by devilplate
Last edited by teddybear; 08-05-11 at 16:03.
What is the difference between PRs and foreigners? You know as long as you have no criminal record and you bring in a big sum of money (think is $10m?), you can instantly become PR despite now that PR is difficult to get (difficult only for working middle class)? As such, any future policy that favors citizens/PRs and restrict selling to citizen & PR will affect mass market properties badly while neutral effect on prime market properties. It is obvious which sector you should invest in private properties going forward.
Originally Posted by andy
PR have more vested interest to buy and invest for longer term. For instance, right now many foreigners are buying because interest rate is so low and to them it is like renting for free. 3M property for 30K interest a year. If foreigner can only sell to PR or citizen then he will think twice since when he need to leave Spore and sell, he may not get back all the capital he invested since there will be a lower buyer base.Originally Posted by teddybear
They can make more $ when they sell with the strong SGD.Originally Posted by andy
U failed to distinguish between hdb n pte....Originally Posted by andy
Who dare to complain if they cant afford to upgrade to condo? Ppl r only worried for the 1st timer for not being able to get a hdb flat
Aussie dun hf so call subsidize flats for their citizens ... Tats y they got more rules to curb on the ppty..
Ya, agree, basic fundamentals, he failed to distinguish..., maybe he also got caught up in the craze..., maybe they should made all key people involved in MBT ministry including himself declare property transactions at certain time period before any new policies is made, like 3 mths before measures is implemented, they cannot buy or sell properties, if they do, they should declare, like listed companies directors, they need to declared vested interest, etc.Originally Posted by devilplate
Well, you are right. Only middle-class foreigners sell (the mass market properties). The real rich usually don't sell (their prime & luxury properties) as they like to maintain many different properties in many different countries which they can use at any time. Properties are part of their investment and diversification strategy as getting cash back is worse in the face of rapid depreciation of paper money.
Originally Posted by andy
Not so fast yet... PAP is still in full control... The principle of gradual asset appreciation is not wrong. The current problem is just misguided policies, which can be adjusted. Just a few more loud voices in parliament are not going to influence policy makers.Originally Posted by andy
Superb growth muted.
Normal growth expected.
Deliberate regressive prices expected in short term.
How to do it right?
Wait and see.
Take profit while you can!!!!!!!
I agree and I say the direction going forward for the property market is downOriginally Posted by andy
It will only go down if MBT introd CM5. Otherwise, unlikely lah...Originally Posted by Geylang OKT
The votes are cm5
Wake up wake up
if only Sti is red and the rest is green tmr.....den we really goto repent for 5yrsOriginally Posted by kingkong1984
seems like sg and rest of asia still seeing fund outflows so prossibly all red tomorrow. LOL.
Originally Posted by devilplate
Waterfront proposal means more nonsensical construction for the next 5 years that may not benefit you. Look at Bishan Park now. Used to be a nice park where everyone including dogs can enjoy. Ever since they started building a $1.2 billion artificial river, the place now look horrible and worse still, cause so much flooding in Bishan. Think twice before u embrace every single "upgrading" projects - some are complete waste of money and only increase conservancy charges.
Originally Posted by DC33_2008
Just ban PR from buying HDBs. I'm sure prices will moderate.. But those who own HDB better not kpkb.
Originally Posted by devilplate
if MBT is smart....he wud just do so and explain it nicely tat he listens to the people and opposition teams proposals......den nobody can kpkbOriginally Posted by Wild Falcon
Ban PRs from HDB? Then PRs still cannot afford condos, then PRs rent HDBs, rental goes up, Singaporeans become happy landlord ??
Ride at your own risk !!!
yes.....win-winOriginally Posted by phantom_opera
nobody will complain about receiving higher rental wat....only complain resale px too high
and if PR finds the rental too high....they can always balek kampong
less PR, less overcrowding of MRT.....all happy
Only Singaporeans can be landlord. Welcome all FT in and they work for us, we collect rent shake legs at home haa haa...Originally Posted by phantom_opera
Did not know the project has caused so much inconvenience to people in Bishan. Why they did not vote MIW out?Originally Posted by Wild Falcon
MBT has already relaxed the rule on this to allow HDB dwellers to make some pocket $. Otherwise, the result at Tampines could have been worst.Originally Posted by azeoprop
more can be done....Originally Posted by DC33_2008
listen to people! ban PR from buying resale flat! convert den buy lor....hahaha
we only want real talents(RT) to come to SG and not FAKE TALENTS(FT)
those Faked talents come over here to fight for 2-4k jobs shd be clamped
only allow 5k++ foreigner to come over....push up pte condo!! HUAT ARGH!
RT with higher rental budget too! Huat Ah!Originally Posted by devilplate
Quoted by teddybear :
"Above implications means low-level foreigners should be kept out as they compete for jobs directly with the lower and middle-classes Singapore citizens.
High-level foreigners will still be welcomed to come here to live, stay, spend money here, buy properties, set up businesses, create jobs for Singapore citizens, all for the benefits of the economy of Singapore."
Not only they compete for jobs, they also snatch people's husband, so S'pore should only welcome true talent and high-level foreigners. Don't know what is their actual motive, a 23 yrs old girl willing to go with a 46 yrs old married man, thus causing people's family to breakoff, the most pitiful is their children. I think the girl might want to make use of the man to get the PR and then after getting it, kick him out. So stupid!!!!
This is golden rule in Econ theory & will always be followed (except communist countries). Almost all countries practice it.
Originally Posted by amk