Punggol East By-Election coming ? MP steps down
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limlim:
See that is the problem with most people as they perceived that this is a bubble and they didn't know that it's a genuine demand! What do you expect the property demand when government allow almost 100K foreigners to come in every year now? Now you know why some people can be a property investor but some can't. You need to have foresight to make money :imcool:
I hate the ABSD.. but at this moment I believe and trust the judgement of the govt.Irrelevant:
So how many% of Singaporeans will be affected? If you do not wish to pay the ABSD, what will you do? You reckon foreign buyers are happy to pay 15%+3% stamp duty? Property speculators like yourself are precisely the target of these cooling measures and rightly so. Otherwise, when the property prices come crashing down, folks like yourself will KPKB and say that it's the government fault!
It is better than kpkb when the bubble burst.. if it burst lah.. if not, then later kpkb abt the govt on the ABSD.. :evil: :evil:
Don't just take the face value of any policies!
As I said, these cooling measures are killing off all marginalized singaporean. Private property is going to be out of reach for most singaporean by looking at the trend.
It's none of my business la and just let people see from another angles... My offspring are well taken off anyway! -
Irrelevant:
Haha! It's hilarious isn't it.JannettLee:
The above ABSD appears to be policy designed to collect extra revenue, at the expense of local property owners, and in the process also benefiting foreigners. The ABSD policy will hit private property prices, where many Singaporeans hold either 1 HDB flat and 1 or more private properties, where more than 90% of Singaporeans own their properties. Given the draconian much lower Loan-to-valuation and loan tenure, many citizens may need to sell to foreigners (since many locals will be priced out), especially the high-end private properties where mostly only foreigners can afford, and foreigners will depress their offer price since they will deduct the ABSD amount from their offer price. So, isn't the ABSD cooling measures hit the local Singaporeans hard while benefiting the govt and foreigners?
Do you seriously believe all the spiel that you have written?
Your arguments are so flawed that I don't know where to begin and I shall only address a small portion.
According to some studies only 29% of Singaporeans own more than 1 property. http://sbr.com.sg/residential-property/news/nearly-3-in-10-singaporeans-own-more-one-house
So how many% of Singaporeans will be affected? If you do not wish to pay the ABSD, what will you do? You reckon foreign buyers are happy to pay 15%+3% stamp duty? Property speculators like yourself are precisely the target of these cooling measures and rightly so. Otherwise, when the property prices come crashing down, folks like yourself will KPKB and say that it's the government fault!
'Deduct absd from offer price' hahaha! The whole point is to drive down prices! Foreigner can 'deduct', but locals cannot izzit? If you are a property investor, looking to offload at a high price, this is a bad time for you, of course!
Yes, drive the speculators out. Prime example of people griping only about things that affect them directly, without considering the larger picture of what housing is about in Singapore and helping out the first time buyers.
My advice to Singaporeans looking to buy a second property? Stay clear of the market, and save your absd. Don't let the garment earn it, if according to Jannette, that was the whole intention.
Unbelievable! -
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Haha, 3Boys, ignorance is bliss mah :boogie: ....... Let it be!
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JannettLee:
See that is the problem with most people as they perceived that this is a bubble and they didn't know that it's a genuine demand! What do you expect the property demand when government allow almost 100K foreigners to come in every year now? Now you know why some people can be a property investor but some can't. You need to have foresight to make money :imcool:
I hate the ABSD.. but at this moment I believe and trust the judgement of the govt.limlim:
[quote=\"Irrelevant\"]
So how many% of Singaporeans will be affected? If you do not wish to pay the ABSD, what will you do? You reckon foreign buyers are happy to pay 15%+3% stamp duty? Property speculators like yourself are precisely the target of these cooling measures and rightly so. Otherwise, when the property prices come crashing down, folks like yourself will KPKB and say that it's the government fault!
It is better than kpkb when the bubble burst.. if it burst lah.. if not, then later kpkb abt the govt on the ABSD.. :evil: :evil:
Don't just take the face value of any policies!
As I said, these cooling measures are killing off all marginalized singaporean. Private property is going to be out of reach for most singaporean by looking at the trend.
It's none of my business la and just let people see from another angles... My offspring are well taken off anyway![/quote]Marginalized? The whole point is to strongly discourage those on borderline to plough their money into a bubble! -
Touché.
JannettLee:
What do you mean by marginalised Singaporeans? Do you mean rich, marginalised Singaporeans? Incidentally, in case you don't know, 75% of Singaporeans stay in HDB. What do you mean by private property is out of reach for most Singaporeans?As I said, these cooling measures are killing off all marginalized singaporean. Private property is going to be out of reach for most singaporean by looking at the trend.
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Long term financial goal:
TO BE THE MARGINALIZED SINGAPOREAN! -
How many actually know what's the figure of the foreign buyers after the previous cooling off measures? Or, care to know?
Btw, D'Leedon at District 10 is offloading at the average price of $1200- $1300 psf, lets chiong ah
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Harlequin:
I've been marginalized for a long time oredi :evil:Long term financial goal:
TO BE THE MARGINALIZED SINGAPOREAN! -
3Boys:
But this morning, suddenly \"marginalized\" has a different and new meaning :evil:
I've been marginalized for a long time oredi :evil:Harlequin:
Long term financial goal:
TO BE THE MARGINALIZED SINGAPOREAN!
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