Property Views

[Estéema]

lee_yl:

Friend’s agent sent her this:


Team, please take note.

1) Riverfront Residences
2) Parc Colonial
3) Stirling Residences

Will launch tonight

The agents will be staying long over to capture as many buyers' anxieties in loosing out & b4 the new ABSD kicks in after midnite. Lawyers & bankers will be busy approving & submitting Purchase docs.

[lee_yl]

Estéema:

lee_yl:

Friend’s agent sent her this:


Team, please take note.

1) Riverfront Residences
2) Parc Colonial
3) Stirling Residences

Will launch tonight

The agents will be staying long over to capture as many buyers' anxieties in loosing out & b4 the new ABSD kicks in after midnite. Lawyers & bankers will be busy approving & submitting Purchase docs.

I think all property showrooms will open till dawn. Developers will give last-minute discounts. Who knows, maybe can backdate OTP by 1 day.

[MyPillow]

Such a short notice - developers n buyers stressed!

So many enbloc projects , lots of units - so many Levy- price stagnant & high -sellers must. Be able to hold in these few yrs again

[Coolkidsrock2]

There are headwinds of higher interest rate, potential trade war and job loss arising from the 4th industrial revolution to contend with.

[lee_yl]

I think our property market will crash only if there’s an economic downturn with mass retrenchment. As long as Singapore’s economy is healthy and still growing, don’t think it will crash.


In fact, the higher ABSD and tighter loan restrictions are meant to guard against growing euphoria in the property market and should only cause a soft landing.

Hmm… Friend A told me it is now more economical to do a decoupling than to pay 12% ABSD for 2nd property. Friend B said she is now seriously considering buying under her child’s name,

[Coolkidsrock2]

Don’t think market will crash but further price increase likely checked.


Stock markets are heading south and some liquidity may be stuck there. There may be value there too.

For some potential buyers who need to extend loan beyond 30 years or 65 years, it is 15% vs ABSD 15%. Effectively no financing.

[What The]

Buying house is a big investment.

Should not do it in a rush.

[deardear07]

lee_yl:

I think our property market will crash only if there’s an economic downturn with mass retrenchment. As long as Singapore’s economy is healthy and still growing, don’t think it will crash.


In fact, the higher ABSD and tighter loan restrictions are meant to guard against growing euphoria in the property market and should only cause a soft landing.

Hmm... Friend A told me it is now more economical to do a decoupling than to pay 12% ABSD for 2nd property. Friend B said she is now seriously considering buying under her child’s name,

ABSD for after 1st property right?

how will it affect if u r selling home to buy another? will this affect?

[lee_yl]

deardear07:

lee_yl:

I think our property market will crash only if there’s an economic downturn with mass retrenchment. As long as Singapore’s economy is healthy and still growing, don’t think it will crash.


In fact, the higher ABSD and tighter loan restrictions are meant to guard against growing euphoria in the property market and should only cause a soft landing.

Hmm... Friend A told me it is now more economical to do a decoupling than to pay 12% ABSD for 2nd property. Friend B said she is now seriously considering buying under her child’s name,

ABSD for after 1st property right?

how will it affect if u r selling home to buy another? will this affect?

Won’t be affected. Only for those buying 2nd or 3rd properties for investment

[laughingcat]

I hope the buyers don’t feel the pressure to buy property. Just a few months back, I was rushing the bank to settle my home title deeds. The reason for the delay is because the bank have alot of backlog - apparently there are alot of home owners already settled their loan or want to free up the loan fast because of rising interest. Damn good to be loan free.