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Thread: Our properties prices are dropping!

  1. #161
    mutant powerpuff

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    Quote Originally Posted by Jonathan0503
    This is about increase in price of resale. So nothing to do with developer right?
    Slow motion musical chairs cos of SSD.

  2. #162
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    Quote Originally Posted by Jonathan0503
    This is about increase in price of resale. So nothing to do with developer right?
    Not directly at least. It is precisely because these pratially crazy developers selling new launches at prices, creating records after records that the resale market inevitably become beneficiary. Owners selling at ridiculous prices because their neighboring plot is asking higher psf???

    Slice the developers and calm the market!

  3. #163
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    Quote Originally Posted by ysyap
    Not directly at least. It is precisely because these pratially crazy developers selling new launches at prices, creating records after records that the resale market inevitably become beneficiary. Owners selling at ridiculous prices because their neighboring plot is asking higher psf???

    Slice the developers and calm the market!
    Launches in Jun-Jul were relatively muted. Developers are going to raise psf for new launches... Unfortunately/fortunately we could see a spike in psf in the next few months.

  4. #164
    Bricks & Mortar

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    Ghost month over, Dow up strongly last nite, some developers will be rolling out their projects and testing new High..., if sentiments is weak, at most developers give some early bird discount or furniture vouchers but they will maintain high or even higher psf....

    Stocks End Near Session Highs, Led by Banks
    Published: Monday, 29 Aug 2011 | 4:20 PM ET Text Size
    By: JeeYeon Park
    CNBC.com Writer

    Stocks closed near session highs Monday, fueled by a merger between two big Greek banks, a better-than-expected personal spending report and as the damage from Hurricane Irene over the weekend was less than feared.

    MAJOR U.S. INDEXES

    .DJIA11539.25

    254.71+2.26%
    .NCOMP2562.11

    82.26+3.32%0
    .SPX1210.08

    33.28+2.83%0
    *
    The Dow Jones Industrial Average soared 254.71 points, or 2.26 percent, to finish at 11,539.25. BofA [BAC* 8.39* * 0.63* (+8.12%) * ] and Hewlett-Packard [HPQ* 26.12* * 1.30* (+5.24%) * ] led the blue-chip gainers, while Home Depot [HD* 33.99* * -0.01* (-0.03%) * ] was the only laggard on the index.

    The S&P 500 surged 33.28 points, or 2.83 percent, to end at 1,210.08, above the critical 1,207-level that traders closely track.

  5. #165
    Go for Smallest Unit

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    Remember, developer has unsoLd units not subject to SSD.

    New launches high high, their smiles big big.

  6. #166
    Junior

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    Quote Originally Posted by kingkong1984
    Remember, developer has unsoLd units not subject to SSD.

    New launches high high, their smiles big big.
    the SSD is based on the S&P date and not based on the project

  7. #167
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    Quote Originally Posted by Laguna
    the SSD is based on the S&P date and not based on the project
    Obviously u r not familiar with exemptions.

    http://www.iras.gov.sg/irasHome/page04.aspx?id=10204

  8. #168
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    Quote Originally Posted by kingkong1984
    Obviously u r not familiar with exemptions.

    http://www.iras.gov.sg/irasHome/page04.aspx?id=10204

    Foreigners need not pay SSD when they have to sell their residential properties as required under the Residential Properties Act.


    Does this mean permanent residents need not pay SSD??

  9. #169
    Junior

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    Quote Originally Posted by Laguna
    the SSD is based on the S&P date and not based on the project
    He's trying to be cute. "DEVELOPERs" never pay anything

  10. #170
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    It's not by PR or not. PR are considered locals right.

    The exemption are guidelines, iras will assess and grant. The key distinction is that whether you are required by law to sell or u sell on your own free will.

    By law includes matrimonial proceedings, will inheritance etc. If in doubt, better check with authority.

    Clearly stated, developers not subject to SSD and transfer between corporate entities with conditions complied to. Favor big boys lah.

  11. #171
    Junior

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    Quote Originally Posted by kingkong1984
    Obviously u r not familiar with exemptions.

    http://www.iras.gov.sg/irasHome/page04.aspx?id=10204
    Housing developers need not pay SSD when selling residential properties developed by them.

    ru referring to the above
    this refers to the developers need not pay SSD and not the individual buyers

  12. #172
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    Foreigners need not pay SSD when they have to sell their residential properties as required under the Residential Properties Act.

    Anyone familiar with this ACT?

  13. #173
    Enbloc>GLS

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    interest + savings is more practical to determine the property trend.

    like during the last crisis, dbs probably takes 10% of their deposits to offset loan that has turned bad. and the PPI probably fell more than that.
    Affordable means small

  14. #174
    mutant powerpuff

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    Quote Originally Posted by condoinvestor
    Foreigners need not pay SSD when they have to sell their residential properties as required under the Residential Properties Act.

    Anyone familiar with this ACT?
    It is Section 7.1 vi

    http://www.iras.gov.sg/pv_obj_cache/...Pty_6th_ed.pdf

    I think what it means that if a foreigner is asked to sell the property under the Act, then he does not need to pay SSD.
    If he sells it out of his free will, then the first 4 years SSD should apply.

  15. #175
    Senior

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    Quote Originally Posted by buttercarp
    It is Section 7.1 vi

    http://www.iras.gov.sg/pv_obj_cache/...Pty_6th_ed.pdf

    I think what it means that if a foreigner is asked to sell the property under the Act, then he does not need to pay SSD.
    If he sells it out of his free will, then the first 4 years SSD should apply.
    In other words, evil and scheming people can plot around this providence and plan it such that if 2 years into the purchase, they need to sell, then they force the law to force them to sell so can skip SSD, then when things are settled, they decide to undo any 'damage' done earlier? WOW! This is pure evil!

  16. #176
    Junior

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    On one hand, here are ppl talking about property prices dropping - on the other hand there are still many talks about project sales being good n forthcoming launches pricing higher or min the same level.. Where are these heading to? Will bargain hunters succeed, and bottom fishing out at full force again? Wait or go in now?

  17. #177
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    Property prices not coming down lah! Check out the new record for property price!

  18. #178
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    Quote Originally Posted by latour
    On one hand, here are ppl talking about property prices dropping - on the other hand there are still many talks about project sales being good n forthcoming launches pricing higher or min the same level.. Where are these heading to? Will bargain hunters succeed, and bottom fishing out at full force again? Wait or go in now?
    We r in an era of inflation. Gold has surged 20-30% in recent months. Valuable FH or 999LH assets have to catch up. Good to get a FH or 999LH property near MRT with min 40% downpayment. Owning a house is like having a sports car, but e instalment is cheaper n it gets more valuable w time. It brings u status also.

  19. #179
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    Quote Originally Posted by hyenergix
    We r in an era of inflation. Gold has surged 20-30% in recent months. Valuable FH or 999LH assets have to catch up. Good to get a FH or 999LH property near MRT with min 40% downpayment. Owning a house is like having a sports car, but e instalment is cheaper n it gets more valuable w time. It brings u status also.
    You are comparing a global commodity with local property. Not so easy. What about FH in US? Or UK or KL?

  20. #180
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    Just get some hard assets that can last. Property prices will not come down unless we have >1 year of recession, interest rate goes up and retrenchment in the hundreds come out in the news.

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