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
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 !!!
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.
if i already own one hdb and one pvt, still considered two right?
they don't want foreigners to buy and leave empty on our precious land.
Originally Posted by amk
Now very confused.....I tot for one moment it was a good move.Originally Posted by amk
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?
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.Originally Posted by phantom_opera
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.
means kill 2 (or more?) birds with one stone? good policy!
Originally Posted by phantom_opera
consider as 2, ruling is on number of homes, dun care is hdb or privateOriginally Posted by mcmlxxvi
pl all post to this thread
http://forums.condosingapore.com/sho...t=12486&page=4
rather to have two threads on the same subject
will be affectedOriginally Posted by buttercarp
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%.Originally Posted by phantom_opera
So will these cooling measures divert investors to commercial and industrial properties?
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
Originally Posted by buttercarp
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.
OMG !Originally Posted by taggy
But thanks, taggy.
Must let my SPR SIL know about this.
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.
Originally Posted by solsys
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....
Waiting for down time to buy 3rd property or 4th property will come at an additional cost liao!
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.Originally Posted by bargain hunter
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.
tommorow morning PROPERTY STOCKS DIE ahhhhh
Ditto.....Originally Posted by radha08
commercial and industrial properties look more attractive now.Originally Posted by Scary
The previous concern on commercial industrial investments was the GST imposed. With this additional stamp duty, the difference is disappearing.....
So now SSD and BSD will be that double edged sword that slay investors! Why 3rd property? Is this a magical number?
bro two is enough one to stay one to rent...Originally Posted by ysyap
thats why people got TWO wife one to cook for you and one to play with you...
hdb is still residential property, so i guess yes.Originally Posted by mcmlxxvi
SGP may still be attractive when compared to London & US, there's no capital gain tax + other taxes. Except you pay up-front first.Originally Posted by Laguna
bite cherry twice mah.... like HDB...Originally Posted by ysyap
do i hear MR B...Originally Posted by teddybear
Sentosa first to freeze.Originally Posted by amk
Yep. In Australia, the 50% of the capital gains is tax at your income tax rate for the year.Originally Posted by sh