Property Views

[starlight1968sg]

The ABSD for 2nd ppty onwards is 17% (?)

Imagine a ppty is easily 1mil and 170k goes straight to G …
Very hard to swallow …

[starlight1968sg]

Condo resale prices rise for 21st straight month in April, suburban prices hit new high


https://www.straitstimes.com/business/property/condo-resale-prices-rise-for-21st-straight-month-in-april-suburban-condo-prices-hit-new-high

Despite all the cooling measures being implemented (notice how these measures are announced and implemented so that there is no chance to rush to buy ...), prices of ppty continue to climb up and up and up ...

[MrsKiasu]

Hope the prop prices will still within reach of our next gen.

[MrsKiasu]

starlight1968sg\" post_id=\"2066996\" time=\"1652158420\" user_id=\"14025:

When you buy a ppty, you hv to declare if it is your 1st or 2nd or 3rd ppty and then pay the ABSD accordingly for 2nd onwards.

In your example, once he sells the 2nd ppty (i assume sale procedure must be completed), he would hv only 1 existing ppty. Hence, if he buys another ppty, it would be his 2nd ppty and would pay the ABSD accordingly.

Am i correct?

That's my understanding also based on properties on hand not the number of purchase.

[MrsKiasu]

Do you feel we are the fortunate gen? When we came out to work, we have relatively better qualification than some…housing prices not that high… food court prices in mall at $3.50.

[Liew Nga Wing]

MrsKiasu\" post_id=\"2067006\" time=\"1652163710\" user_id=\"43981:

Hope the prop prices will still within reach of our next gen.

:? I believe most of Singaporeans can afford to buy a BTO - HDB housing. My son, my nephew and my colleagues (late 20s) all have purchase a BTO housing recently and once the keys for their BTO are ready, they will get marriage. I don't see the BTO prices will be out of reach by most Singaporeans. Why worry now??

[Liew Nga Wing]

MrsKiasu\" post_id=\"2067008\" time=\"1652163922\" user_id=\"43981:

Do you feel we are the fortunate gen? When we came out to work, we have relatively better qualification than some..housing prices not that high.. food court prices in mall at $3.50.

I won't think in this way. Singapore will have a better tomorrow because most of our kids are now able to receive tertiary education and we have lot of qualified people to support our economy growth. The average household income will be increased and new HDB housing are better designed and equipped even though the price is relatively high. Yes, the food prices are high but we have more variety or choose of food compare with the past.

[MrsKiasu]

Maybe I think too much…let’shope so…always feel our gen lucky in a way and have the feeling of more hardship when thinking of our next gen.

[zac's mum]

The generation that made exponential profit from property was our parents’ generation during those “golden years” when SG went from 3rd world country to 1st world country.


Our generation still profit a little if can cash out at high.

Future generations, probably no profit but public housing will definitely fulfill the basic roof over the head.

Just thank our lucky stars that we did not get bombed overnight and lost entire home & country need to be refugees.

[MrsKiasu]

Not so much on making profit from properties…some make it but not all able to make it/ at substantial profit.


Maybe in terms of savings. Due to lower cost, even though starting salary may not be as high as now…I think we do see money growing faster? HDB loan can be settled faster… now even bto quite expensive, of course some could sell at handsome profits later on…when the loan is big coupled with increased interest rate, really like paying quite a portion just for interest.

In terms of employment, now probably throw a stone, it may end up near to a person with degree right… so will that make job seeking more competitive?

With cost of living anticipated to be higher in the future (likely right?) likely need double income in order to live more comfortably? So ppl like many of us here can be with our kids… are considered lucky right.