I am talking about the land area.Originally Posted by cl0ver
1615 sq ft is the inter- terrace units.
I am talking about the land area.Originally Posted by cl0ver
1615 sq ft is the inter- terrace units.
Good to know its 2.3 and not 2.5mil. Waiting for 2013 when it should have TOP and developer haven't finish selling their final phase and prices come crashing down to 1.8mil again...Originally Posted by buttercarp
Resale Property prices inch up at slower pace of 0.2% in July .
http://www.straitstimes.com/Breaking...ry_707197.html
By Cheryl Lim
Resale property prices in Singapore have grown but at a slower pace of 0.2 per cent in July.
This is according to flash estimates from the Singapore Residential Price Index, which monitors the transactions of non-landed completed projects.
Compiled by the National University of Singapore, revised figures showed that property prices grew at a higher rate of 0.7 per cent in June.
The index also indicated that prices for small units - homes with a floor area of 506 square feet or less - have risen slightly, up 1.4 per cent in July.
Singapore is weird, isn't it? When you expect numbers to fall in uncertain times, they rise!
The invisible hands...Originally Posted by ysyap
Developer playing musical chairs.
Despite the data showing slow down in price increment, I believe psf is still increasing at a faster pace, as developers are cutting back on quality finishing like using laminated flooring and down sizing facilities like car park lots, swimming pools etc.Originally Posted by ysyap
We are a blessed nation.Originally Posted by ysyap
Originally Posted by buttercarp
... punching well above our weight?...
This is about increase in price of resale. So nothing to do with developer right?Originally Posted by kingkong1984
Haha... punching above our weight in property price is not a good thing.Originally Posted by TKT
Slow motion musical chairs cos of SSD.Originally Posted by Jonathan0503
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???Originally Posted by Jonathan0503
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.Originally Posted by ysyap
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.
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 projectOriginally Posted by kingkong1984
Obviously u r not familiar with exemptions.Originally Posted by Laguna
http://www.iras.gov.sg/irasHome/page04.aspx?id=10204
Originally Posted by kingkong1984
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??
He's trying to be cute. "DEVELOPERs" never pay anythingOriginally Posted by Laguna
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.
Housing developers need not pay SSD when selling residential properties developed by them.Originally Posted by kingkong1984
ru referring to the above
this refers to the developers need not pay SSD and not the individual buyers
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?
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
It is Section 7.1 viOriginally Posted by condoinvestor
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!Originally Posted by buttercarp
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?
Property prices not coming down lah! Check out the new record for property price!
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.Originally Posted by latour
You are comparing a global commodity with local property. Not so easy. What about FH in US? Or UK or KL?Originally Posted by hyenergix
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.