In today's ST, several prominent property analysts are wishing that ABSD for Singapore buying 2nd property and foreigners buying 1st property will be remove in 2014.
I sure hope it will happen.
In today's ST, several prominent property analysts are wishing that ABSD for Singapore buying 2nd property and foreigners buying 1st property will be remove in 2014.
I sure hope it will happen.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
If everyone looks forwrod to it with long necks, it won't happen.
it happens when most people are not interested in buying properties.
ssd should be tweaked first. first two years probably stay, but 3rd and 4th year really not serving much point, and will kill people unnecessary if they cannot get out when price weaken/interest go up
IMHO, HDB resale prices have been correcting far too quickly. This will could create some problems 1-2 years down the road for HDB upgraders.
Restricting PRs from buying resale HDB doesn't seem to be the right move as they will still return to the market after 3 years and appears more as a mean to score political goal. ABSD for PRs buying resale HDBs and re-distributing the revenue to subsidise low-income citizens buying their first BTOs, instead of all tax payers (including citizens) subsidising might be a better option.
I proposed absd for 2nd property instead of the current additional 7% to ANY 2nd property change to 7% absd for properties that cost more $1k psf and quantum $1 million and above. See how developers react.
prices just started to pause and they want absd relaxed. how will prices cool down properly like that.
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
TDSR is what is stopping people in the tracks.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
ABSD lifted ... sales office open till 12am
it's like super sales ... must buy sure buy ... sporean just like sales
can't wait ...
I think govt is engineering at least 10pct (2014)to 20pct correction before removal of any existing measures..
All the measures are to keep marginal buyers out(getting burn) while they engineer the landing..
Actually it is good to have all these cm. At least i find agents more humble now.
if absd is suddenly removed today, do u guys think the price of all advertised unit will go up by about 5-6% tomrrow?
Ong lai ah!