1. Would this affect CCR more than OCR ?
2. Would this kill MMs or 1br? Since buying 4 MMs will get hit more compared to buying 2 X 2brs
3. Would this encourage ppl to sell first then buy ... mmm
Music of the night
1. Would this affect CCR more than OCR ?
2. Would this kill MMs or 1br? Since buying 4 MMs will get hit more compared to buying 2 X 2brs
3. Would this encourage ppl to sell first then buy ... mmm
Ride at your own risk !!!
Junior
This means Euro coming out with QE and US coming out with QE3 liao. The measure is to stem the flood of funds into SG. People who want to sell out will also think twice coz there might of opp cost to buy or replace their unit.
东方
if i already own one hdb and one pvt, still considered two right?
Senior
they don't want foreigners to buy and leave empty on our precious land.
Originally Posted by amk
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 ?
KBW, I'm very disappointed at you ! HK does better: it just simply refuses loan to foreigners!
mutant powerpuff
Now very confused.....I tot for one moment it was a good move.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 ?
KBW, I'm very disappointed at you ! HK does better: it just simply refuses loan to foreigners!
Now that you mentioned about the HDB.....
I don't know what to say!
The other question is that - if SG couple own HDB but has 1 private property, if buy 2nd private property, will not be affected, right?
Junior
The 10% should affect CCR more... Rich foreigners buy CCRs. In the last month I knew for a fact many PRCs bought d9/10 pties. This pushes up the CCR prices.
But the additional 3% thing should affect across the board. All private upgraders involving PR is affected.
GE effect. Now PAP can claim another citizen advantage.
Senior
means kill 2 (or more?) birds with one stone? good policy!
Newbie
consider as 2, ruling is on number of homes, dun care is hdb or private
Junior
pl all post to this thread
http://forums.condosingapore.com/sho...t=12486&page=4
rather to have two threads on the same subject
Newbie
will be affected
Deepsea
i think there will be more mm, like what Laguna said developers absorb 3% is abt 21k for 700k unit. Lose 3% margin better than price falling off 10%.
Newbie
So will these cooling measures divert investors to commercial and industrial properties?
Newbie
Check out
http://app.mnd.gov.sg/Newsroom/NewsP...11&RA1&RA2&RA3
They say residential property..so I guess 1 hdb+1 private or 2 private kena
Junior
OCR gap with RCR will close up. Heartlands are given alot of emphasis to win citizens. OCR price cannot be shaken too much, OCR and HDB is the floor, the rest levitating will need to respect law of gravity to some extent. It's good, such measure won't induce too much panic selling.
mutant powerpuff
OMGconsider as 2, ruling is on number of homes, dun care is hdb or private!
But thanks, taggy.
Must let my SPR SIL know about this.
Has Nothing, Is Nothing
Indeed, for them to put up a wall that high means that they are anticipating a huge flood of liquidity coming our way. There is likely insider news on the measures which will be announced this EU summit. Geithner's visit to Europe may also signal another set of coordinated measures.
Senior
i like this....
The Government will continue to monitor the property market and adjust our property policies in step with changes in the market and the economy. Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, said, “We have always had open markets and must keep them that way. However, the reality is that investment flows into our property market are now larger than before, and unlikely to recede as long as interest rates remain low. The additional buyer’s stamp duty should help cool investment demand, and avoid the prospect of a major, destabilising correction further down the road.”
well said....
Senior
Waiting for down time to buy 3rd property or 4th property will come at an additional cost liao!
Junior
Insufficient land is an excuse when marketing by developers . The entire OCR has hundreds of thousands of acres of land available. We have not even reached the density of HK Kowloon area.they don't want foreigners to buy and leave empty on our precious land.
If a foreigner places his asset in full no leverage in SG, this is the wealth we should attract ! Do we want to be the Switzerland of the east or not ? Fix asset is usually the 1st step. With a house, the other assets will follow.
I just feel MAS is worry about the massive liquidity and is doing a preemptive move.
Senior
tommorow morning PROPERTY STOCKS DIE ahhhhh
Newbie
Ditto.....i like this....
The Government will continue to monitor the property market and adjust our property policies in step with changes in the market and the economy. Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, said, “We have always had open markets and must keep them that way. However, the reality is that investment flows into our property market are now larger than before, and unlikely to recede as long as interest rates remain low. The additional buyer’s stamp duty should help cool investment demand, and avoid the prospect of a major, destabilising correction further down the road.”
well said....
Junior
commercial and industrial properties look more attractive now.
The previous concern on commercial industrial investments was the GST imposed. With this additional stamp duty, the difference is disappearing.....
Senior
So now SSD and BSD will be that double edged sword that slay investors! Why 3rd property? Is this a magical number?
Senior
bro two is enough one to stay one to rent...Waiting for down time to buy 3rd property or 4th property will come at an additional cost liao!
thats why people got TWO wife one to cook for you and one to play with you...
Junior
hdb is still residential property, so i guess yes.
Junior
SGP may still be attractive when compared to London & US, there's no capital gain tax + other taxes. Except you pay up-front first.
Junior
bite cherry twice mah.... like HDB...So now SSD and BSD will be that double edged sword that slay investors! Why 3rd property? Is this a magical number?
Senior
do i hear MR B...Wahhhhh! The nails hit into coffin already! Property prices to drop 50%???
Deepsea
Sentosa first to freeze.
Newbie
Yep. In Australia, the 50% of the capital gains is tax at your income tax rate for the year.
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