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SG property stocks drop ...higher stamp duty..
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KAMAL0883
Supreme |
20-Feb-2018 15:24
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hardly see SG property company especially those listed in SGX close down hor.... all make bucks hor .... delisting is not close down..... delisted but business still running very well like All Green property , MCL land , Keppel Land etc these property companies with very deep pocket no need to tap money from market 
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Lionel84
Member |
20-Feb-2018 15:22
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1) First, delisting doesn mean company shut down or loss of jobs 2) Company shut down doesn mean no new companies opening. Unless there is backup by some stats that more jobs are being lost den being created 3) Future no jobs? Then what is the government thinking? Building Terminal 5, megaport, high speed rail, 3 more new mrt lines etc etc to sustain a 5.5 million ppl economy?  
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famouspinky
Supreme |
20-Feb-2018 15:13
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Why did i say pt 2? Look at the number of delisting and companies closing down. This will tell u that demand for housing will also go dwn. Plus oversupply? When no jobs, who will want to come?
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famouspinky
Supreme |
20-Feb-2018 15:10
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Because of this, will sti and property prices drop af least 20%? The only buffer is tt they bought ultra cheap but how many? Theres still 2mil people waitg to cash out urgently.
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famouspinky
Supreme |
20-Feb-2018 15:07
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There r 2mil of these people.
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famouspinky
Supreme |
20-Feb-2018 15:02
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Correct
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KAMAL0883
Supreme |
20-Feb-2018 15:01
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LOL dun really big fat but if i added my private + HDB + 100k saving then i am worth 1 mio and above  ![]() money value getting smaller and smaller, lastime 500k can get 2 rms condo but now same size and same location need to force out 900k to 1mio.. once peoples use to price they are most willing to pay for it. another 10 years you will see people paying 1.3mio 
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KAMAL0883
Supreme |
20-Feb-2018 14:51
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not so good location also cost 1k and above psf liao  ![]() hard to find a new projects 3 rms condo with less than 1 mio 
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Goldfinger
Supreme |
20-Feb-2018 14:44
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Paiseh - I live in a middle-sized freehold landed in a Central location that houses my 3G family.  It was paid in full from the profits of an enbloc sale I had 10 years ago, so technically FOC.  I feel it is very productive, as I derive a lot of happiness living in my " free" house.  Priceless feeling.
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Andy80
Senior |
20-Feb-2018 13:47
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Mass markert buyers can have other choices too. It doesnt mean mass markey buyers only resort to not so good districts. Some of them will rather overstrtech to buy good disctrict areas.  
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Andy80
Senior |
20-Feb-2018 13:43
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Unproductive assest like properties? Dont agree with the term you used. You shouldn' t bring in properties to compare with retails, F& B...etc... Is a total different element.....Assests like properties is the one of the key driving factor of the econmoy not only in Singapore but applies to the whole world. Hence, that' s y governmenet needs to pay more attenetion to something which will affect the economy. A rising economy & inflation in inevitable, hence higher rental & cost for retails and F& B. Those who are in this biz have got no choice.  To stay competitive, oneselves need to be more innovative.     
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alexchew
Master |
20-Feb-2018 13:32
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many properties are still being built on not so good locations. Your point is wrong, many buyers of second properties are actually from mass markets and have likely overstretched themselves most likely.
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Andy80
Senior |
20-Feb-2018 13:27
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Well, I dont totally agree with your point 2. No tenant pertainingto only certain districts. For people who are able own 2nd properties, one of the properties, will most likely be located at good districts (RCR or CR). Hence, tenancy at foresaid area, is still good. However, rental yield might not be as good compared to 10 years ago.   
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famouspinky
Supreme |
20-Feb-2018 13:09
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Which they will sinced free money or low interest is now over.
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famouspinky
Supreme |
20-Feb-2018 13:08
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https://amp-businessinsider-com.cdn.ampproject.org/c/s/amp.businessinsider.com/warren-buffett-modest-home-bought-31500-looks-2017-6 | ||||
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famouspinky
Supreme |
20-Feb-2018 13:06
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For buyers now,
Hav to worry 1) rising interest rates 2) no tenant 3) 100k stamp duty for 2nd property henced buyers will be limited to 1st home buyers which will reduce demand thus bring dwn the price. |
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famouspinky
Supreme |
20-Feb-2018 13:04
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👍
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littleones
Veteran |
20-Feb-2018 12:58
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If the government had a hand in it, there will be a way.  It is whether they want to do it or not.  But it is my hope that they will do it.  It is good for the country in the long run.  Invest in productive assets rather than in unproductive assets like properties
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Goldfinger
Supreme |
20-Feb-2018 12:45
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Unfort - the Good ones will never be available to the retail investor. Only the junk gets distributed.
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littleones
Veteran |
20-Feb-2018 12:42
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It is about time the government channel all monies put into this class of unproductive asset to better use.
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