Property Views
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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. -
Buying house is a big investment.
Should not do it in a rush. -
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? -
deardear07:
Won’t be affected. Only for those buying 2nd or 3rd properties for investmentlee_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? -
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.
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Developers now have to pay upfront additional 5% if they buy enbloc. It means the home prices (those built on enbloc lands purchased after 6 July 2018) will increase because the developers definitely want to recoup this additional expenses. Am I right?
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ngl2010:
Developers now have to pay upfront additional 5% if they buy enbloc. It means the home prices (those built on enbloc lands purchased after 6 July 2018) will increase because the developers definitely want to recoup this additional expenses. Am I right?
Oh ya, possible hor. DH says as long as Singapore economy continues to grow, people will still buy.
Intially I was worried 3 years later, market will be flooded with an oversupply of new units built on enbloc land, which in turn may affect my investment properties’ prices.
Can I say that this new policy effectively kills off the current enbloc fever, meaning, 3 years later, we won’t see a grossly oversupply of new homes?
And for those who already sold their units from the previous enbloc sales, they will still need to buy a place to stay.
In case anyone forgets, the ABSD and SSD didn’t quite kill the market, it’s the TDSR that finally stemmed the flow of liquidity. -
lee_yl:
Yesterday morning we received a survey from our management office of our other house on whether we are keen for enbloc. I guess now the enbloc chance is smaller. Maybe must wait for a few more years.ngl2010:
Developers now have to pay upfront additional 5% if they buy enbloc. It means the home prices (those built on enbloc lands purchased after 6 July 2018) will increase because the developers definitely want to recoup this additional expenses. Am I right?
Oh ya, possible hor. DH says as long as Singapore economy continues to grow, people will still buy.
Intially I was worried 3 years later, market will be flooded with an oversupply of new units built on enbloc land, which in turn may affect my investment properties’ prices.
Can I say that this new policy effectively kills off the current enbloc fever, meaning, 3 years later, we won’t see a grossly oversupply of new homes?
And for those who already sold their units from the previous enbloc sales, they will still need to buy a place to stay.
In case anyone forgets, the ABSD and SSD didn’t quite kill the market, it’s the TDSR that finally stemmed the flow of liquidity.
I think there will be more funds going overseas now as more people will go abroad for property investment. -
I was just pushing my agent to put my rental unit up for sale now that prices are on an uptrend.
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My new condo may TOP early next year. Was still telling DH maybe can sell. Bought the unit at $1000 psf but a neighbouring project is selling at $1450 psf.
Anyway, the previous upturn took several rounds of cooling measures before prices started coming down. Do not think the market will crash or even reverse the upturn.
The government was very quick to intervene this time…
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