Punggol East By-Election coming ? MP steps down
-
irrelevant,
You are not addressing the point, hence what you said are \"irrelevant\".
Firstly, 29% of singaporeans own more than 1 property. Isn't that a big figure by itself?
My question is about ABSD is that it is being introduced as a tool to earn extra revenue, not about whether to pay or not.
Also, ABSD penalizes singaporean property owners as buyers (especially foreigners since they are the ones with the means and money to buy now given the draconian loan-to-valuation and cash downpayment etc in the latest cooling measures) will deduct this ABSD amount from offer price. As such, govt is earning extra revenue from singaporean property owners directly/indirectly.
You reckon foreign buyers are NOT happy to pay 15%+3% stamp duty? Why am I still seeing property transactions purchased by foreigners? You are just contradicting yourself. :siao:
To foreigners like another forumer like Claudia, the cooling measures are blessing in disguise because she managed to bought a property at a relatively cheaper price in her opinion after the cooling measure (when before that she was unwilling to buy since nobody want to sell her cheap). So, isn't this evidence that current cooling measures penalizes singaporean property owners?
If they want cooling measures, can, but please do not milk extra revenue using policy like ABSD to benefit at the expense of singaporean property owners, and please do not make more singaporean property owners/buyers become marginalized.Irrelevant:
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!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?
-
Irrelevant:
I hate the ABSD.. but at this moment I believe and trust the judgement of the govt.
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: -
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! -
-deleted-
-
Haha, 3Boys, ignorance is bliss mah :boogie: ....... Let it be!
-
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.
-
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
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login