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Your Trust is Our Priority

buy as trust still need to pay ABSD. if richs is willing to pay, it is alright. Private property is still less than 20% of housing supply. Landed property is restricted property for local only. Whatever we can think or gov miss out, the holes always covered very fast by gov. 

If Forrest Li is willing to buy 10 residential properties and willing to contribute 30% ABSD for each property to national income, why not? 

Those spent money to purchase overvalued residential property in Sentosa Stove are suffering losses till today. 

They earned more and willing to spend more in Singapore, we shall welcome them instead of they transfer money out and spend in other country.

So long as URA, SLA, HDB rules are implemented properly which satisfy the needs from poor and richs, as a poor, you are given CPF housing grant 80K or 160K for HDB BTO and resales, why you bother richs game buying 50mo for their luxury condo or penthouse? 

honesty      ( Date: 16-Dec-2021 14:38) Posted: heard that as well, now the agents are aiming about Buying In Trust training.  with a view of this, prices will not drop, need an analysis from the regulators to stop this and implement minimum buying age of 21 This is indeed circumventing of the latest cooling measures, sometimes our regulators are not looking sideways, only like driving and looking straight, sadly perhaps no one guides them y2jchris      ( Date: 16-Dec-2021 14:32) Posted: the rules change not gonna impact much Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip Something is wrong la.. she told me alot of her rich friends are doing it also

 

#policymaker

this is why the board itself should have diversify group of people. 

either they have no one who knows how to challenge the system (or to figureout loophole) then get ready for impact. 

just like olden days, people can queue at launches and sell within 1-2 weeks.. it happend for a good long period of time until they are aware.. that period.. alot of people earn tons of money.. now our generation get hits lor easy
 

honesty      ( Date: 16-Dec-2021 14:38) Posted: heard that as well, now the agents are aiming about Buying In Trust training.  with a view of this, prices will not drop, need an analysis from the regulators to stop this and implement minimum buying age of 21 This is indeed circumventing of the latest cooling measures, sometimes our regulators are not looking sideways, only like driving and looking straight, sadly perhaps no one guides them y2jchris      ( Date: 16-Dec-2021 14:32) Posted: the rules change not gonna impact much Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip Something is wrong la.. she told me alot of her rich friends are doing it also

 

it is not late at all. after covid 19 which slow down singapore economic and lower down market confident. Gov cannot simply impletement cooling measure immediately which may destroy the market confident in Singapore. The property market was down from 2013 till 2018 and start picking up in 2019 till 2021. 

The cooling measure mainly tackle for the recent China gov QE to rescue their china property market caused by evergrande and other property developer. The hot money from China, Hong Kong and Macau may flow to Singapore as safe heaven and drive property price in Singapore higher.

Since when govt will step in to help if owner cannot pay? only for those HDB Loan for HDB only, mainly for poor. Private property is still free trade market and richs game. your complain basis is really like the recent lady complain in Parliament without any basis and stand.

 

nott1965      ( Date: 16-Dec-2021 14:01) Posted: why government want to interfere in the property market now? Isn' t it too little too late? Let the bubble burst when interest rate goes up. Many agents have been going around telling potential buyers not to worry as govt will step in to help if they cant pay

 

going to close up green

 

heard that as well, now the agents are aiming about Buying In Trust training.  with a view of this, prices will not drop, need an analysis from the regulators to stop this and implement minimum buying age of 21
This is indeed circumventing of the latest cooling measures, sometimes our regulators are not looking sideways, only like driving and looking straight, sadly perhaps no one guides them

y2jchris      ( Date: 16-Dec-2021 14:32) Posted: the rules change not gonna impact much Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip Something is wrong la.. she told me alot of her rich friends are doing it also

 

the rules change not gonna impact much

Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip

Something is wrong la.. she told me alot of her rich friends are doing it also
 

 

You simply concluded current property market with past decades incident. Shoe box units had been put a stop by URA implemented rules with minimum average floor average of 85 sqm per unit in a single condo development. when 40 sqm unit is build, within the project, another unit must be 130 sqm. Certain area at east side even restriction with 100sqm.

There is no such thing build small small units for foreigners.

Please upgrade yourself with knowledge, all can be simply google to obtain the related information. There are no usch peigeron holes for new condo projects.

nott1965      ( Date: 16-Dec-2021 13:32) Posted: Developers building smaller and smaller condo apartments because people buy and rent to foreigners who dont mind the smaller space as they not buidling families here, If there are no demnads, you think developers dare to build these peigeron holes. Worse, now out 4G government is following their footsteps chart_expert123      ( Date: 16-Dec-2021 12:51) Posted: HDB Room area since 2000 is not revised at all. Complain HDB small? you think Condo is very big?  80% of residential property is HDB, Every Singaporean can only own 1 HDB no matter how richs you are. If rich cannot hold 1 HDB, it is discrimination to richs who also singaporean and holding rights to own 1 HDB before they own a private property. So your complain about many rich holding for rental is not basis at all. Of course, if they can pay 17% ABSD to buy a condo and rent out HDB, it is their efforts to earn enough money to secure a better retirement for the future with the return of the rental. Why complain about rich on this just because you are not rich? Why don' t complain yourself why cannot be a rich

 

agreed, iras should work harder to indentify and there should be penalty for those embarking this kind of loopholes including BUYING IN TRUST. nowdays many buyers using one name and the other an occupant for hdb flats, so the occupiers can buy pte ppty without paying absd and then sell after 3 years. SSD should kick in if sold less than 5 years, ppty prices must come down to reflect reality in getting younger workers to own a home, have more children and this will have a good effect for the society and regulators

Wind22i      ( Date: 16-Dec-2021 14:02) Posted: Therefore there should be an additional check, ie. if both husband or wife or they bought via proxy ie. unmarried young son/daughter below certain age , each seperately bought a property under different names, it should be counted as 2nd properties and above, and hence the absd for 2nd property should apply. Else loophole remains. chart_expert123      ( Date: 16-Dec-2021 13:06) Posted: what i understand couple sold away their HDB with cash and pay downpayment for 2 Condo, husband and wife own each condo and rent out one without incurred ABSD but bear huge debt. More and more couple doing so, which drive the condo price higher. This cooling measure surely work for private property since Enbloc activity will be stopped, owners who involved in Enbloc will be lesser in next 1-2 year to buy new condo or premium HDB resale. 2018 Enbloc activities stopped due to entity ABSD increased to 25%, now increased another 35%

 

Therefore there should be an additional check, ie. if both husband or wife or they bought via proxy ie. unmarried young son/daughter below certain age , each seperately bought a property under different names, it should be counted as 2nd properties and above, and hence the absd for 2nd property should apply.
Else loophole remains.

chart_expert123      ( Date: 16-Dec-2021 13:06) Posted: what i understand couple sold away their HDB with cash and pay downpayment for 2 Condo, husband and wife own each condo and rent out one without incurred ABSD but bear huge debt. More and more couple doing so, which drive the condo price higher. This cooling measure surely work for private property since Enbloc activity will be stopped, owners who involved in Enbloc will be lesser in next 1-2 year to buy new condo or premium HDB resale. 2018 Enbloc activities stopped due to entity ABSD increased to 25%, now increased another 35%. Wind22i      ( Date: 16-Dec-2021 12:57) Posted: Prop transaction shld drop in the next few months.. since the greedy will think twice before buying 2nd property. A lot of ppl had unnecessarily bought 2 to 3 condo...even incurring huge debt

 

why government want to interfere in the property market now? Isn' t it too little too late? Let the bubble burst when interest rate goes up. Many agents have been going around telling potential buyers not to worry as govt will step in to help if they cant pay

 

tune in 89.3 pn ceo is saying some measure are too hefty, pn ipo was 0.68 now 1.68, he has made enuf, not suprise to hear him say that since the price came down fm high of 1.95

 

 

since the multiple property owners are already in it, will be worse off with interest rate rising, the moral of the story is do not take away cheaper costs from potential owners who yet to own a  property. 

Wind22i      ( Date: 16-Dec-2021 12:57) Posted: Prop transaction shld drop in the next few months.. since the greedy will think twice before buying 2nd property. A lot of ppl had unnecessarily bought 2 to 3 condo...even incurring huge debt

 

Developers building smaller and smaller condo apartments because people buy and rent to foreigners who dont mind the smaller space as they not buidling families here, If there are no demnads, you think developers dare to build these peigeron holes. Worse, now out 4G government is following their footsteps

chart_expert123      ( Date: 16-Dec-2021 12:51) Posted: HDB Room area since 2000 is not revised at all. Complain HDB small? you think Condo is very big?  80% of residential property is HDB, Every Singaporean can only own 1 HDB no matter how richs you are. If rich cannot hold 1 HDB, it is discrimination to richs who also singaporean and holding rights to own 1 HDB before they own a private property. So your complain about many rich holding for rental is not basis at all. Of course, if they can pay 17% ABSD to buy a condo and rent out HDB, it is their efforts to earn enough money to secure a better retirement for the future with the return of the rental. Why complain about rich on this just because you are not rich? Why don' t complain yourself why cannot be a rich? nott1965      ( Date: 16-Dec-2021 11:52) Posted: Affordable doesnt equate liveable. Hdb building smaller and smaller flat. Many friends tokd me they want to move into bigger flats but cant afford as many rich people are hoarding for renta

 

Cooling measures have an impact on developers and agency. This is apparently and market react to the latest cooling measures and counters decline by at least $0.2 on opening. 

This counter (OYY) propnex likely to hover at $1.5 range and the outlook looks bleak with the latest cooling measures and toward CNY, transaction volume tend to be lower for new launches. 

 

market is betting on affordability, for eg. movie tickets, transportation, COE, parking tickets ... etc and also housing price goes up bcoz its affordable 

nott1965      ( Date: 16-Dec-2021 11:52) Posted: Affordable doesnt equate liveable. Hdb building smaller and smaller flat. Many friends tokd me they want to move into bigger flats but cant afford as many rich people are hoarding for rental chart_expert123      ( Date: 16-Dec-2021 10:17) Posted: Think too much. Singapore property price is always affordable.  Inflation is naturally increasing year by year, when a meal was sold 50cents 1980 and sell 4 dollars in 2021, when a fresh graduate paid for 1300 in 2003 but paid for 2200 in 2021. Property price shall reflect the same. Construction material price and labour all are increased. These are global trend. Among all chinese country such as China, Taiwan, Hong Kong, Macau, Malaysia, Singapore is the only one country, young kids have proper plan from Gov to support them to buy their 1st house. Today cooling measure is also try to stop price rising. You still blame goverment, where you want to stay? you try to migrate to other country, see if your kids can afford to buy a house when needed

 

what i understand couple sold away their HDB with cash and pay downpayment for 2 Condo, husband and wife own each condo and rent out one without incurred ABSD but bear huge debt.

More and more couple doing so, which drive the condo price higher.

This cooling measure surely work for private property since Enbloc activity will be stopped, owners who involved in Enbloc will be lesser in next 1-2 year to buy new condo or premium HDB resale.

2018 Enbloc activities stopped due to entity ABSD increased to 25%, now increased another 35%.

Wind22i      ( Date: 16-Dec-2021 12:57) Posted: Prop transaction shld drop in the next few months.. since the greedy will think twice before buying 2nd property. A lot of ppl had unnecessarily bought 2 to 3 condo...even incurring huge debt

 

very difficult at this covid 19. Majority of BTO all delay 6 to 9 months now. Partially due to higher compensation for private property construction project delay and lower margin for HDB BTO project, so workers mostly rushing work for private property.

This cooling measure may help to slow down private property construction and move the workers to HDB construction. Or else, all young couples will delay their having baby plan.

wehuattogether88      ( Date: 16-Dec-2021 11:49) Posted: It is different for every situations, now it is supply problem. They have to build up supply first. bishalnb      ( Date: 16-Dec-2021 11:36) Posted: once the HDB price goes down, private will down also ... now the HDB which is 80+% of housing population  is going for 1mil + .. so how? ... my thoughts

 

Prop transaction shld drop in the next few months.. since the greedy will think twice before buying 2nd property. A lot of ppl had unnecessarily bought 2 to 3 condo...even incurring huge debt

 

HDB Room area since 2000 is not revised at all. Complain HDB small? you think Condo is very big? 

80% of residential property is HDB, Every Singaporean can only own 1 HDB no matter how richs you are. If rich cannot hold 1 HDB, it is discrimination to richs who also singaporean and holding rights to own 1 HDB before they own a private property.

So your complain about many rich holding for rental is not basis at all. Of course, if they can pay 17% ABSD to buy a condo and rent out HDB, it is their efforts to earn enough money to secure a better retirement for the future with the return of the rental. Why complain about rich on this just because you are not rich? Why don' t complain yourself why cannot be a rich?

nott1965      ( Date: 16-Dec-2021 11:52) Posted: Affordable doesnt equate liveable. Hdb building smaller and smaller flat. Many friends tokd me they want to move into bigger flats but cant afford as many rich people are hoarding for rental chart_expert123      ( Date: 16-Dec-2021 10:17) Posted: Think too much. Singapore property price is always affordable.  Inflation is naturally increasing year by year, when a meal was sold 50cents 1980 and sell 4 dollars in 2021, when a fresh graduate paid for 1300 in 2003 but paid for 2200 in 2021. Property price shall reflect the same. Construction material price and labour all are increased. These are global trend. Among all chinese country such as China, Taiwan, Hong Kong, Macau, Malaysia, Singapore is the only one country, young kids have proper plan from Gov to support them to buy their 1st house. Today cooling measure is also try to stop price rising. You still blame goverment, where you want to stay? you try to migrate to other country, see if your kids can afford to buy a house when needed

 

Thats the problem. No money want to live big space.. And probably they want near mrt, live at good locations, want just MOP flat so that can Appreciate.

Want all the good things but refuse to pay. Is this logical? No money want big space, go buy jurong west, ulu place or buy old flats.

nott1965      ( Date: 16-Dec-2021 11:52) Posted: Affordable doesnt equate liveable. Hdb building smaller and smaller flat. Many friends tokd me they want to move into bigger flats but cant afford as many rich people are hoarding for rental chart_expert123      ( Date: 16-Dec-2021 10:17) Posted: Think too much. Singapore property price is always affordable.  Inflation is naturally increasing year by year, when a meal was sold 50cents 1980 and sell 4 dollars in 2021, when a fresh graduate paid for 1300 in 2003 but paid for 2200 in 2021. Property price shall reflect the same. Construction material price and labour all are increased. These are global trend. Among all chinese country such as China, Taiwan, Hong Kong, Macau, Malaysia, Singapore is the only one country, young kids have proper plan from Gov to support them to buy their 1st house. Today cooling measure is also try to stop price rising. You still blame goverment, where you want to stay? you try to migrate to other country, see if your kids can afford to buy a house when needed