singles pls choose wisely... more benefit for sg to marry sgOriginally Posted by hyenergix
singles pls choose wisely... more benefit for sg to marry sgOriginally Posted by hyenergix
console myself... interest rates remain low...Originally Posted by andy
Maybe some developers will give % discount or furniture voucher to cushion this additional for citizen and PR owning more than 1 property..
PR-SG couple own 1 property.
Then SG spouse buy 2nd property, how?
Will kena extra ABSD?
yes, the higher ABSD applies.Originally Posted by buttercarp
I think those strata semiD doomed liao.
Originally Posted by buttercarpEven if 2nd property is only under SG spouse name?Originally Posted by august
if SG spouse buy alone, then no kenna... but if buy jointly with PR, then kennaOriginally Posted by buttercarp
my analysis
1. The 3% is not that stiff for the PR and SC, the sellers or developers can absord that easily
2. foreign interest will definitely drop.
3. market will be very quite.....property agents...jobless...
So, next, where will the China buyers go to now? A place with growth, and not much of taxes. My guess
1. London Prime (zone 1)
2. US prime (SF Bay and NY)
For Asia, where the money goes to...I think should be Malaysia...the only cooling measure is the capital gain up by another 5% this year....and the prices are still so cheap...
My Malaysia property tour starts tomorrow....
For purchases made jointly by two or more parties (e.g. a Singaporean with a PR, or a PR with a foreigner), the higher applicable ABSD rate will be imposed. For example, if a citizen purchases a property with a foreigner, the ABSD of 10% will apply. In the case of a joint purchase by Singaporeans, who each already owns properties, the ABSD of 3% will apply as long as one of the purchasers already owns two properties.Originally Posted by buttercarp
i wonder will developers start directly or indirectly give foreigners slightly more discount then locals ?Originally Posted by Laguna
So a SG couple can still own 4 properties, 2 each under single owner.Originally Posted by taggy
Originally Posted by augustHi august, is GSLJ correct?Originally Posted by GSLJ
how i wish i can utilize the quotaOriginally Posted by GSLJ
Agree with Laguna, developers can easily absorb 3% for 3rd purchase of SC or 2nd purchase of SPR and to my knowledge, many SPRs are renting actually without owning anything
This new measure is to kill foreign buyers ... of course will affect resale market, 10% downside is likely
Ride at your own risk !!!
Originally Posted by hyenergix
right on bull's eye...lessons learnt from dubai crisis when foreigners just pack and run, abandoning the properties and also cars
tenants just fled the condos and forget about collecting rent
thousands of cars were left at the airport car park, unlocked with keys inside
one suggestion that can protect us..one year rental upfront..cant recall which country in asia
government should set that as cooling measure
ya, ur rightOriginally Posted by GSLJ
No. It's always in the plan if more than usual capital flows into property. The Q at BR just push the button for the garment;-)Originally Posted by newbie11
yes, correct.Originally Posted by buttercarp
Thanks.Originally Posted by august
Must plan move carefully now.......
most BR buyers are locals leh.Originally Posted by andy
pl all post to this thread
http://forums.condosingapore.com/sho...t=12486&page=4
rather to have two threads on the same subject
Lol, no wonder all the big developer boys all absent from recent lands bids. Government informed them of the upcoming measure liao. Left only the small timers and foreign developers bidding.
Maybe his thread can become a bestseller?Originally Posted by hyenergix
thats it. market will come to standstill...
Wahhhhh! The nails hit into coffin already! Property prices to drop 50%???
Originally Posted by esther
either don't marry or divorce, need to plan wan meh?Originally Posted by buttercarp
transaction drop 50% first bah.Originally Posted by teddybear
In that case, don't mind pay the 6%Originally Posted by teddybear
Not only to stop foreigners. To discourage pty as an investment as a whole
.... and new sales should be affected even more: since it's not built, almost every buyer is buying a 2nd pty or more. PRs, or citizens marrying PRs will have less incentive to buy new sales.
Bad policy ! To stop the foreigner and protect the bank, u can always say foreigner no loan. If foreigners put full cash in SG, it's good for SG !
And did I read correctly, HDB exempted ? So the high resale HDB prices will not be affected ? that's what ppl really want !
KBW, I'm very disappointed at you ! HK does better: it just simply refuses loan to foreigners!