new cooling measures effective 8dec 2011

[teddybear]

Shouldn't they cool commercial, industrial & office properties?
Peak prices are translating to super high inflation as business costs passed on to consumers! my chicken rice' chicken & rice getting so little that I need to order 2plates instead of 1 to fill my stomach! Yet these will never be captured in the official inflation data! Even so, yet inflation rises >5% in Singapore! Can't imagine how high it will be if they capture the true inflation?

So will these cooling measures divert investors to commercial and industrial properties?

[azeoprop]

The rise of multi-key units shall begin haa haa....

3 bedroom triple key units?
4 bedroom quad key units?

[bargain hunter]

already struggling to find rentals and buyers. now even worse.

Sentosa first to freeze.

[solsys]

I believe the contrary: the measure will kill most foreigners buying OCR properties! With OCR at record high, & supposed to cater to HDB up graders, heard most Chinamen are buying the OCR for speculation. Imagine Citizen buy Bedok Residence at $1350 psf which is already record high price, PR pay 3% more, foreigners pay 10% more! Foreigners how to make money when they sell?

Most of the OCR buyers are Singaporeans. Measure is good, no more flipping but renting to foreigners who think twice to buy. Key is to sell to people who wanna stay to stabilize market. OCR quantum still lower than CCR and RCR. ABSD not as damaging. And if OCR heartlands are made attractive to live in, foreigners will buy OCR since the 10% of a smaller quantum is more attractive than 10% of a huge quantum.

[devilplate]

I believe the contrary: the measure will kill most foreigners buying OCR properties! With OCR at record high, & supposed to cater to HDB up graders, heard most Chinamen are buying the OCR for speculation. Imagine Citizen buy Bedok Residence at $1350 psf which is already record high price, PR pay 3% more, foreigners pay 10% more! Foreigners how to make money when they sell?

U also say 4yrs ssd affect ocr more last time.....

Now also say ocr more impact....lol

Those above 1.5 mil quantum pte ppty will be dead regardless ocr or rcr or ccr

[solsys]

The rise of multi-key units shall begin haa haa....

3 bedroom triple key units?
4 bedroom quad key units?

Agree. Let's see how the developer chu pattern liao. Then again so many MM and studio in market already. FT with families will still need to rent proper place.

[Laguna]

sizes of all developments will be smaller by at least 3%

units for foreigners (strata house) will go down by 10% smaller

this will solve the problem

[devilplate]

yah hor...

the ones here for short term will not even consider.

those longer term ones may still bite.

No way foreigner will buy la...13% is alot!

Its like saying condo foreigner no longer eligible....whahahahaha

[Lovelle]

Park ur money in malaysian bank n earn more then 7% in Rm. Every mth i like my statement

[teddybear]

Most PR application got rejected early this year!

These foreigners can apply for PR.
But I guess now, it is less easy to get PR.

[Lovelle]

No way foreigner will buy la...13% is alot!

Its like saying condo foreigner no longer eligible....whahahahaha

Good wat. Enlarge my tenant group

[solsys]

Park ur money in malaysian bank n earn more then 7% in Rm. Every mth i like my statement

So high? Please share more.

[phantom_opera]

amk is right, this is to discourage SC/SPR owning multiple properties as asset class to hedge inflation, where else then can rich ppl park their $$? luckily I reduce my gearing already ... resale market will be down 10% overnight ... this is too drastic

[azeoprop]

Maybank isavvy FD 1.35% haa haa

[devilplate]

Most of the OCR buyers are Singaporeans. Measure is good, no more flipping but renting to foreigners who think twice to buy. Key is to sell to people who wanna stay to stabilize market. OCR quantum still lower than CCR and RCR. ABSD not as damaging. And if OCR heartlands are made attractive to live in, foreigners will buy OCR since the 10% of a smaller quantum is more attractive than 10% of a huge quantum.

All pte ppty shall drop....ocr haf been attracting more buyers buying for investment.....whole ppty market sentiment cfm dead.....even genuine home buyers cfm pull handbrake for at least next 3-6mths....all expect to have 10% discount at least?

[Laguna]

Most PR application got rejected early this year!

yes, early this year before the GE
what about now?
more westerners coming here to work even on local terms

[azeoprop]

Crappyland bishan condo 1+study sell me 600k please....

[phantom_opera]

Maybank isavvy FD 1.35% haa haa

nah better buy Singtel/SMRT, 5% yield, relatively recession proof

[Antione]

Haven't you heard Singapore land is path with gold?
If gold is believed to hit US$2000/ounce and above soon, 10% ABSD is nothing in comparison
I think it will slow the flow of foreign fund but not going stop it. Govt coffer is going glow bigger.

[devilplate]

sizes of all developments will be smaller by at least 3%

units for foreigners (strata house) will go down by 10% smaller

this will solve the problem

Strata hse within condo dead meat....greatest impact

Vision townhse 600psf i aso dunwan liao.....400psf den consider....whahahaha

[kane]

Shouldn't they cool commercial, industrial & office properties?
Peak prices are translating to super high inflation as business costs passed on to consumers! my chicken rice' chicken & rice getting so little that I need to order 2plates instead of 1 to fill my stomach! Yet these will never be captured in the official inflation data! Even so, yet inflation rises >5% in Singapore! Can't imagine how high it will be if they capture the true inflation?

Eat at boon tong kee or loy kee rather than chatterbox. Heh. This is the hottest topic today. BR's response triggered this.

[teddybear]

HK central CCR > $15k psf! SG central CCR $6.5k psf. SG Lose so much!
HK OCR $1k psf. SG OCR $1.35k psf! SG middle income earn so much more than HK?

U also say 4yrs ssd affect ocr more last time.....

Now also say ocr more impact....lol

Those above 1.5 mil quantum pte ppty will be dead regardless ocr or rcr or ccr

[Lovelle]

So high? Please share more.

Go across causeway, park some ringgit in any local bank. Interest rate is very high over there..

[solsys]

yes, early this year before the GE
what about now?
more westerners coming here to work even on local terms

Floodgates open liao after GE. I am sure ppl won't mind more Ang MOHs than China Chinese and India Indians.

More foreign talents will convert to PR and more will convert to Singapore citizens thus more votes to PAP.

Property will slow for sure but increase in property tax for HDB means floor is fixed liao. Ridiculous COV may begin to vanish liao.

[phantom_opera]

Hmmm STI futures only down 0.5%

[solsys]

Go across causeway, park some ringgit in any local bank. Interest rate is very high over there..

Hmm. Noted. Will consider.

[devilplate]

Park ur money in malaysian bank n earn more then 7% in Rm. Every mth i like my statement

Which bank? Maybank got 7% so high meh?

I tink msia ringgit can change some!

[teddybear]

Yes, more foreigners come, but on work permits, difficult to convert to PR now even after GE. My sources tell me.

yes, early this year before the GE
what about now?
more westerners coming here to work even on local terms

[devilplate]

Most PR application got rejected early this year!

Idea siaaa

Our govt like playing hard to get liao.....our PR worth some money now....whahaha

[ysyap]

Think the greatest winner might still be the MMs and studios. At $500k, its an additional $15k BSD. For a $1.5mil property, its easily an additional $45k BSD. Coupled with the 60% LTV, upfront cash/cpf required is easily $685k consisting of $85k stamp duty. That is a lot of liquid cash just to pay govt for your purchase.