If owners bought during last 1-2 years, they would have to pay the seller stamp duty now and I think the appreciation of their property is not as high as those who bought 3-4 years ago, i.e. they are stuck. They may have some capital gain but whether it is able to offset the seller stamp duty, interest, buyer stamp duty when they bought it etc, only the owner knows.
What current cooling measures means to me is, I can't buy and sell unless I fork out more cash which is bad news for me. My family is growing and I need more space for my kids. Why am I being overlooked by garmen just because first timers make more noise in the last GE so their grievances are being heard?
Garmen only think of first timer, how about upgrader like myself? I have to pay extra stamp duty (the moment I sign on the dotted line) for a new development as I have to stay at my current place while waiting for new development being built. I need more space as I am growing my family and isn't it garmen policy to encourage S'pore citizens to have more babies?
Garmen claim that these are temporary measures, please, I don't need temporary measures and stop changing the rules every 6-8 months as it is very disruptive for citizens, PRs, foreigners and investment as well not knowing what's next (uncertainity). It got to show you don't understand where's the problem and having to introduce cooling measures 7 times! INTEREST RATE is the culprit and tackle that don't peg it with US rate...