2021 Cooling measures

[Singlite]

Govt should consider targeted response ie more stringent mortgage requirement and mandate larger units being sold by Developers instead of just raising ABSD.

smartcamerasg

[Arcachon]

Govt should consider targeted response ie more stringent mortgage requirement and mandate larger units being sold by Developers instead of just raising ABSD.

smartcamerasg

ABSD is good for a property investor who holding their property bad for those who sold their property waiting for the crashes that never come.

For example, If investor A got 3 property if A sold 1 property his next purchase is 15% ABSD, the market needs to drop (15%+4%-$15,400) ABSD+BSD about 20%.

Any Investor with the right mind will not be selling.

[Arcachon]

https://www.businesstimes.com.sg/rea...for-commercial

FRI, FEB 26, 2021 - 5:31 PM
KALPANA [email protected]@KalpanaBT

THE Singapore government has cut the development charge (DC) rates for the commercial use group by an average of 1.5 per cent for the period March 1, 2021, to Aug 31, 2021.

However, on average, DC rates have been raised by 1.5 percent for landed residential use and 0.3 percent for non-landed residential use.



$980psmx6,230.2sqm=$6,105,596/265 units = $23,039 per unit

https://www.facebook.com/Teo.See.Hwa...21048357491532