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SG property stocks drop ...higher stamp duty..
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famouspinky
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20-Feb-2018 12:42
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Old timers who bought 100% ago ok but not now cos v little/ no upside.
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famouspinky
Supreme |
20-Feb-2018 12:37
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Property need to go up by 11% to breakeven 1st before 1 can profit frm any appreciation.
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kangaroo11
Veteran |
20-Feb-2018 12:35
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Bro u must be one of those with the very big fat pocket lah lol. My opinion, property prices have been declining gradually over the past yearsss and the moment when there are 1st sign of upticks in home prices in the last 2 quarters, garment acted swiftly to added "minute cooling measures". This shows the garment is very determined to CAP price growth and will not hestitate to introduce more if warranted. Upside will be capped. Those upgrading and buying for own stay may not mind the extra 1%, those buying for investment, upside cap, diminishing ROI, probably better to deploy capital to other investment vehicles like equities lol!
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littleones
Veteran |
20-Feb-2018 12:29
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The key is viable start-ups, not some fly by night businesses.  The money should be pooled and managed by some venture capitalists that will scrutinise the businesses that they will invest in. You think property is a sure bet investment?  Ask those Japanese property investors back in the late 80s or early 90s.  The world property bubble that we have now is due to easy money from massive printing of the USD.  That is a thing of the past as US debt has balloon to such a big figure that it may not be able to pay back.   
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Goldfinger
Supreme |
20-Feb-2018 12:22
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Of course they are - but the less rich still always have HDB flats for BTO. Pity the Hong Kong middle class who squeeze into apartments the size of HDB bedrooms.
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Goldfinger
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20-Feb-2018 12:15
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Very remote very remote chance in my view. There is danger to do so as retirees should not blow their retirement funds into lousy start ups. The good ones will never be available to the man in the street either. They will have full access to S-Chips though.
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littleones
Veteran |
20-Feb-2018 11:56
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Capital gain tax will be next.  The government needs to make people move away from using housing as an investment vehicle.  Capital are tied up in this unproductive commodity leading to lower productivity and higher cost of living for everybody. Government should try to channel capital currently going into properties to other productive assets.  For example, channel them into venture capital for start-ups that are viable, which wil serve our long term needs.
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Wind22i
Supreme |
20-Feb-2018 11:24
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I think even now, property prices are very high..for the private property... we are probably only "less expensive" when compared to maybe hong kong and monaco.. | ||||
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Goldfinger
Supreme |
20-Feb-2018 11:22
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I think it is a very clever move - signalling that the rich will be penalised much more than the less rich.  To also make the GST hike more palatable (although some warn that the  less well off  will be hit  comparatively more by the higher GST?)
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KAMAL0883
Supreme |
20-Feb-2018 11:17
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temporary only .... big fat singreans and foreigners will soon ignore the 1% increase what is 1% stamps duty increase if the property price can go up 8%
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Wind22i
Supreme |
20-Feb-2018 11:14
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http://www.businesstimes.com.sg/stocks/singapore-property-stocks-fall-on-higher-tax-for-home-purchases | ||||
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