For Investors
1) HDB upgraders must sell their flat before buying private property
2) Seller stamp duties for commercial property
For developers
1) DC for PES and Roof Terrace
For Investors
1) HDB upgraders must sell their flat before buying private property
2) Seller stamp duties for commercial property
For developers
1) DC for PES and Roof Terrace
Is this a probability or already announced?
or is this going to be announced soon?Originally Posted by Ringo33
Quite a fair one. But the last one will result in price increase.
Current cases of hdb and pte property owners will ultimately revert to owning either one when hdb is due for SERS.
Originally Posted by silver023
TS is just proposing.
If it were announced, it would be in the headlines and breaking news and this whole place would be flooded with discussion.
u cannot force HDB upgraders to sell HDB when buying new ... you can only force to sell 6m after TOP ... make sense??
then how about those who already own HDB and PCs they will hold their HDB tight tight and NEVER SELL LIAO
this will create an extremely unhealthy market where the only HDB sellers in the market are those moving into new PCs ... COV will be 200k??
Ride at your own risk !!!
And HDB rentals will shoot up.Originally Posted by phantom_opera
[QUOTE=phantom_opera]
then how about those who already own HDB and PCs they will hold their HDB tight tight and NEVER SELL LIAO
QUOTE]
If they kenna SERS, they are not allowed to apply new HDB unless they sell PC.
How frequent is SERS?? I can tell u if Temasek / GIC return is 4%pa for next 20y, no more SERS
If they kenna SERS, they are not allowed to apply new HDB unless they sell PC.
Ride at your own risk !!!
*like* as this is likely to work in my interest.Originally Posted by Ringo33
Better still.... very few HDB for rental, so PC rental shoot up as well!Originally Posted by chiaberry
Extrapolate further - the prices of houses with old lease will increase as employers may buy these to house workers.......
cant hold forever, tats the beauty of SERS and LH.Originally Posted by phantom_opera
Yes, all huat!Originally Posted by buttercarp
This CM may not have the results desired by govt. It is politically sensitive as joint ownership of HDB/private enables many young citizens to upgrade comfortably. It will not be a popular move to disallow this. If they anyhow knee-jerk reaction and apply CM to this based on a few articles in the press and a few (possibly envious) people complaining about joint HDB/private ownership, my respect for MIW will go down.
i heard MOM is rejecting lots of EP renewals ... that is the secret CM .... very soon you will see EP # down 10-20%
Ride at your own risk !!!
my take is simple - apart from ramping up flat supply, stop pegging new BTOs to resale prices in the same vicinity.
This may only be until the tsunami wave of TOP HDBs and PCs hits us in some years time. And new transport infrastructure is put in place.Originally Posted by phantom_opera
The service industry is very short of workers. I see restaurants only opening to half of their capacity due to staff shortages. Rejecting EPs can stunt S'pore's growth.
this one is fair, cos currently private owners who buy hdb must sell off their private within 6 mth. The reverse shld apply too.Originally Posted by Ringo33
then will be mis-AIMed, faces blowbackOriginally Posted by chiaberry
revolt against irrational policy
well in the first place they set the bar for EP too low, so it is good to be now more discerning in the approval.Originally Posted by phantom_opera
i dont see how waiters or waitresses can even qualify for the lowest rung EP in the first place.Originally Posted by chiaberry
it isn't practical. unless the families buy resale PCs, they wouldn't have a roof over their heads over the next 3-4 years. new developments don't sprout up overnightOriginally Posted by august
this happen before...they release it and if they do it again, its like a joke...
releasing more HDBs for sales thru this mean will only creating another problem on HDB rental. Again, this will destablise the rental market.
in my opinion, hdb rental is part of the big picture. they are trying to let those citz have these passive income and make u happy but those who did not want to keep it and instead wanted to sell for a profit cannot blame anyone. the choice is yours. but unfortunately there are ppl who sell their hdb now coming back with all these unfair statements about those who keep it. bear in mind, all these HDB are paid for by own pockets. they deserve to have a choice just like when you decide to sell it...
Originally Posted by phantom_opera
2nd ppty as passive income has always been the hidden agenda of the govt for the longest time, to help the middle class. u can see all policies shaped around this principle (sgporean no CM for 2nd ppty, but kenah CM for 3rd). sgp planning has been done extremely well in the past (can't say for now). lower class govt help. middle class self help. of coz higher class no need to say. to overturn this planning principle would mean a huge paradigm shift for the govt.Originally Posted by lajia
so those who were daft and sold their hdb for quick profit without a roof over the head. only have themselves to blame.
Your so-called "sandwich" class will have a lot of these HDB/joint private owners. So many people complaining about "sandwich" class. If this CM comes about the "sandwich" will turn into toast liao.
What happen if the PC owner refuse to sell their HDB? What is Govt action on those ppl. Take away their HDB?Originally Posted by august
Their hdb will be part of the "sale of balance flats" exercise next time.Originally Posted by joelx
not everybody can qualify as sandwiched class owning 2 pptys leh. esp in today's context with 60% dp for 2nd ppty. that's easily 400k for a normal condo. assuming HDB use CPF to pay, assuming save 10 years, you need to save $3,300/month for 10 years to reach 400k (ignore interest or investment return). how many middle class families with car and kid can do that?Originally Posted by chiaberry
apply the same/similar rule that if the couple did not ROM within X months after getting a new HDB flat... that it will be sold back to the govt at the same price (+ interest) they purchased at?Originally Posted by joelx
Why not? Their HDB mostly funded by CPF. Why must they have a car? The $$$ saved from having a car can go towards their next property. Car is a depreciating asset.Originally Posted by Shanhz
it is self-inflicted problem, for many years we rely on cheap labor from SEA by importing so many S-Pass / EP holders to grow our GDP without increasing productivity ... suddenly now garmen realize big problem in housing .. then trying to U-turn to reduce dependence on cheap labor and increase productivity
our GDP growth in past few years generated high inflation
where got so easy
Ride at your own risk !!!