Punggol East By-Election coming ? MP steps down

[Harlequin]

JannettLee:

Harlequin:

[quote=\"JannettLee\"]
Pirate already answered himself but just need to see the whole situation clearly . Next, he has to ask himself why there are CM7 altogether! It's a genuine demand and none of the previous CMs had managed to curb and you still can see the restrictions have very little impact on the private property prices. To the point that you are giving a lot of discounts to rich foreigners now as most Singaporeans are no longer able to afford and and free up the demand to foreigners and foreigners can now pick up good deals. The ABSD is no longer material to them.

Cannot compared to Hong Kong la, Hong Kong has 80% private property so they are addressing the correct market (80% market!). Whereas, Singapore is now addressing the 20% of the market, you think they can solve by addressing 20% market?

:? Giving a lot of discount? Foreigner pay higher ABSD leh!

Call your banker lar, it's a good day to view some distressed properties for your portfolio. You can start with D'Leedon, I sincerely think that's a good buy.

ABSD is nothing as compared to the cheap property price. Get it?[/quote]No! I don't! :rotflmao:

[Harlequin]

Cheap is not good enough, must have the potential to grow!


Many many other places property price cheaper than a car park lot in SG.

[JannettLee]

I have said enough on properties! Let’s agree to disagree.


I will not response anymore on this topic.

Good luck to those who are still waiting to buy!

[Irrelevant]

Actually, I see nothing wrong being a speculator. If our dear Janette believes that she is well positioned to profit from the property market, I guess we don't have to worry for her. She just have to be upfront about it without beating around the bush and appear to be on the side of the common man.


In fact, the average person who owns just 1 property or would like to own 1 property has nothing to worry about. The cooling measures do not affect him at all. He does not have to pay ABSD or worry about LTV.

At the same time, I also believe that the govt should not interfere too much in the property market. They should let the bubble grow big, burst and let the speculators get burnt. Otherwise, nobody will learn a lesson, e.g. the Greenspan put, see where it got the Americans. Unfortunately, we are a nanny state and we are used to be in a nanny state, and the govt knows it will almost certainly get blamed....

P.S. I'm a speculator too, but in stuff other than property.

[Harlequin]

Seriously, this is the first time I encounter such a \"lucky\" property investor like her; knows peanuts and yet gets the monkeys. So envy!!


Edit:

:rotflmao:

[limlim]

JannettLee:

4) Ban all rental of HDB flats. Owners must stay in the HDB flats.

Owners must still stay in HDB flats, even if they have other properties.. That is the current rules in general.

maybe you can help to suggest ways to enforce it? or how to catch those that flout the rules? :evil: :evil:

[Irrelevant]

Harlequin


Don’t be so harsh lah…

I honestly believe that if we get to know Janette, we will find that she is a very warm and friendly person. Peace

[limlim]

sinoboy:

pirate:

[quote=\"Strparent\"]Why at these current levels, anyone still want to speculate or invest is beyond me.

So that the bank can force sell it later to me. :evil:

Seriously, the 15% ABSD for foreign buyers is because HK slapped the same thing on their market first, and the government does not want the hot money to come from HK to Singapore.

And what is :censored: wrong with the govt collecting some ABSD from foreigners and people with too much money?

It's ok if govt wants to collect absd from foreigners but slapping a low loan to value on locals prevents genuine local investors from deploying their depreciating hard earned money. Tell me which asset other than a physical property is a good hedge of inflation? I am not trying to make a punt on properties but in the current high inflation environment with super low real interest rate I want to safeguard that little cash that I accumulated as a PMET. [/quote]Truth truth.. but what about the consequences if it happens that current situation is a bubble waiting to burst? What will happen to the hard earned money of the middle class?

[sinoboy]

Irrelevant:

Harlequin


Don't be so harsh lah...

I honestly believe that if we get to know Janette, we will find that she is a very warm and friendly person. Peace

I agree that we should not be so harsh on our own kind. In fact we should learn from these success stories. Like the govt I also want to earn money from these foreigners since I already subsized their housing, education for such a long time already and transport and given up my job to them. Someone give me a chance to earn my Lexus LS460.

[3Boys]

Sidestepped every single pertinent question posed to her, taken the very narrow view of a property investor/speculator who will of course derive benefit from a frothy property market. Harping continuously on ABSD benefiting foreigners.


What complete bull!

If you are a first time buyer, are you affected by ABSD?

If you are a prudent buyer with 500K, would you bankrupt yourself by shooting for a 2nd property valued at $1M?

If you are a rich foreigner, who has made his money buy being prudent and careful with dollars, the ABSD is meaningless to you? Hint - The rich don’t get rich by throwing money away.

Made all sorts of wild assumptions, and in the meantime, berated Singaporeans for not being ‘risk taking’.

Take what risk? Just to put money into speculators pockets? The poor chap who saved 300K over 10 years for his dream investment, just to watch it lose value?


Jannette, people have read the same motives about you that I have, only that not many have said it directly to you.

The property market is a continuous one, from the topline $3000 psf condo down to the HDB 3-room. There is a continuum of prices, how can there not be? The only other alternative is a 2-tier market where private properties are completely disconnected from HDB. Don’t you get it? Then how do HDB owners upgrade?

Look at it from the point of view of first-time buyers and upgraders, the nett effect for them is a general lowering (or capping) of prices, and they are not so much affected by LTV or ABSD issues. Which it the INTENT, and a good one!