Property Views
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starlight1968sg\" post_id=\"2059208\" time=\"1645264729\" user_id=\"14025:
yes, definitely.
Are there properties that are losing money ie bought at high price x years ago but worth less now? -
starlight1968sg\" post_id=\"2059208\" time=\"1645264729\" user_id=\"14025:
Depends on time of purchase, purchase price and one’s holding power?
Are there properties that are losing money ie bought at high price x years ago but worth less now?
Like my investment unit, when we bought over from the seller, the seller lost money (2013-2017) But from the time we bought from 2017 till 2022, we enjoyed some capital appreciation not to mention the rental income. Same unit different outcomes.
Had the seller hold it till today and collect another 4yrs rental, she would have made money too. -
lee_yl\" post_id=\"2059232\" time=\"1645271303\" user_id=\"17023:
Same unit but different outcomes, definitely not for me to experience.
Depends on time of purchase, purchase price and one’s holding power?
Like my investment unit, when we bought over from the seller, the seller lost money (2013-2017) But from the time we bought from 2017 till 2022, we enjoyed some capital appreciation not to mention the rental income. Same unit different outcomes.
Had the seller hold it till today and collect another 4yrs rental, she would have made money too. -
But as most Singaporeans are staying in HDB, so most people are not affected by this round increase of property tax.
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lee_yl\" post_id=\"2059232\" time=\"1645271303\" user_id=\"17023:
Yes , all abt holding power N if pocket deep to hold the number of properties on hand . Mine are humble unit, not much impact fr the tax hikes, rental already can cover reasonably on mortgage, not bad le, am grateful
Depends on time of purchase, purchase price and one’s holding power?
Like my investment unit, when we bought over from the seller, the seller lost money (2013-2017) But from the time we bought from 2017 till 2022, we enjoyed some capital appreciation not to mention the rental income. Same unit different outcomes.
Had the seller hold it till today and collect another 4yrs rental, she would have made money too.
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For rental purposes, would you prefer HDB, landed or condo? & Why? Would the new budget change anything?
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My side same, no change. Some increase in prop tax but looks ok, manageable. No money to commit another prop..new budget not affecting our current arrangement. We been renting out the lower value one coz though we can get more money if it is the other way.. we just find that it should be this way.. sorry reason not that clear to the rest
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Zeal mummy\" post_id=\"2059252\" time=\"1645279805\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2059252 time=1645279805 user_id=58173]
If i have a choice, I would prefer to rent out HDB despite the increase in ppty tax on non self-stay? The yield is higher.
For rental purposes, would you prefer HDB, landed or condo? & Why? Would the new budget change anything?[/quote] -
Loophole in HDB Rental policy?
Recently I came across an interesting case. This unscrupulous landlord confiscated tenant’s 3 month deposits (for a 3 year lease). The landlord went to HDB to terminate the approval to rent out the full unit, citing that she wanted to move back to the flat for her own stay, and then forcefully evicted the tenants on pretext of reclaiming the unit with the help of Police resources and a locksmith in tow. The landlord then withheld the deposit on various grounds.
One week later, the very same unit was advertised on Property Guru asking for 40% more in rental.
The tenant did write in to HDB to highlight landlord’s intention to cheat but HDB’s reply was factual but not helpful, basically HDB doesn’t care about tenancy dispute, tenant needs to find lawyer. Unfortunately, the tenant is a foreign healthcare worker and has no money to sue landlord in court.
But to me, this is not just a tenancy dispute but a loophole in HDB’s rules, if a landlord can use it over and over again to prematurely terminate a tenancy agreement and cheat tenant’s of the deposit using different reasons. Plus, the landlord can then turn around to rent out the entire unit with HDB seemingly unaware that the approval to terminate was only a week ago and now the unit is back on the rental market.
What was shocking, was that the tenancy agreement was signed for 3 years to a foreigner not of Malaysian origin which already breached the rental guidelines. Informed HDB, also no reply. If a regulator doesn’t enforce, it’s just a paper tiger. -
Technically it is not a loophole. What landlord did is outrightly illegal (several rules broken). He is already risking majorly by doing such things.
“Loophole” is only used if the rules permit it due to poor drafting or whatever.
Should HDB decide to enforce, he will be in trouble.
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