Property Views

[laughingcat]

I doubt the property price will drop much. It will increase but in a softer gradient.

[Cloud Cloud]

zac's mum:

I am happy with the news. It benefits genuine upgraders. The market was getting way too unaffordable. Now I can finally expect prices to drop a bit to within my budget.

True... if prices too high, our children may not be able to afford.

[Coolkidsrock2]

zac's mum:

I am happy with the news. It benefits genuine upgraders. The market was getting way too unaffordable. Now I can finally expect prices to drop a bit to within my budget.

Am happy that the measures are decisive so that it is easier to make a decision.

Agree that the market was getting too unaffordable and sellers' expectations are managed.

[janet88]

if people can afford to buy another property, what is that ABSD?

[zac's mum]

Coolkidsrock2:

zac's mum:

I am happy with the news. It benefits genuine upgraders. The market was getting way too unaffordable. Now I can finally expect prices to drop a bit to within my budget.

Am happy that the measures are decisive so that it is easier to make a decision.

Agree that the market was getting too unaffordable and sellers' expectations are managed.

Exactly. I’ve been viewing countless resale properties cos looking for a permanent long term place to stay. The majority of sellers had bought those properties eons ago. Unrenovated state. They already can make a tidy profit, yet unwilling to lower their asking price. They obviously don’t need the money, just seeking to cash out at the highest price in the market. It’s about time they get some cold water splashed on them.

[laughingcat]

janet88:

if people can afford to buy another property, what is that ABSD?

ABSD = Additional Buyer Stamp Duty.

SGP citizen buying second residential property - ABSD is 12%
SGP citizen buying third and subsequent residential property - ABSD is 15%

[laughingcat]

But Zac’s mum, home owners need to sell at a price they want partly is because these home owners might need to buy their own residential property which is also high. It is not about they can "already earn since they bought the properties eons ago" leh.


They sell but also need to buy a place to stay as well.

[ngl2010]

laughingcat:

Years ago, I was super lucky to make a big buck in property investment. When a friend who happens to be a economist advised us to pull out on certain specific year, we followed his advice dearly. Apparently his advice remained to be true and were spilled out to date. The property market today is attractive if one is to consider own home stay or for children. However, if the intention to buy a property to generate investment returns, it may be better off considering other property investment opportunities such as REITs or property developers themselves or overseas property.


Today all my shopping list stock dropping.....I love!

I have no discipline in trading stocks. I usually became too greedy :spank: My best investments are properties. DH told me not to invest in overseas properties anymore. Sigh. If I can’t invest in properties here, I will invest in bonds. But bonds’ returns are small... :sad:

[laughingcat]

invest in bond is really peanut to me. I invest in overseas property is for children and nephews and nieces to live in when studying overseas.

[lee_yl]

laughingcat:

I doubt the property price will drop much. It will increase but in a softer gradient.

Increase or decrease? You mean it will increase after the initial shock?

laughingcat:

The property market today is attractive if one is to consider own home stay or for children.

I think in the long run, Singapore property prices will be higher than today’s pricing.

Next time our kids’ generation, probably they can’t afford a private property as their 1st home without some help from their parents.

Btw, why is everyone worried about rising interest rates har? Even if there’s an increase, interest rate is still cheaper than HDB’s one what. Maybe everyone is used to paying near to 0% for too long? But a low interest rate environment also means that the world’s economy isn’t doing well.