Punggol East By-Election coming ? MP steps down

[pirate]

Moonsun55:

Why private drop HDB will drop? I don't understand & can't see any logic. can explain?

If 1,300 sf HDB flat cost $500k and 1,300 sf private condo in the same area also cost $500k, which one will you buy?

[pirate]

shine:

Hi, hi, I’m just an ordinary citizen who bought my 1st HDB and have stayed there ever since. Know nuts about property and investment. I welcome the recent cooling measures but at the same time, do find some sense about this JannettLee comment about people hogging HDB flats after they got the 2nd private property.


My elder brother had to return his HDB flat at a loss as he was unable to sell it off within 6 mths after he got his condo many years back. What was the reason for the change of policy where HDB dwellers are able to retain their flats even after they got a 2nd property? Is it to reduce cases of people selling at a loss like what happened to my brother, or to encourage people to venture into property investment if they have enough cash? Kindly share your views and knowledge. Thanks.

This part of what she said actually makes sense. But I think the change was implemented at a time when the property market was weak.

So, don't be surprised if Cooling Measures 8 require existing HDB flat owners who buy a private property to sell their HDB flats within 6 months. And don't be surprised if CM9 requires existing HDB flat owners who also own private residential properties to sell either their HDB flats or private properties.

[Moonsun55]

I am afraid with the 6.9m population target, foreigners with long term view will view sg prop as cheap even with 15% ABSD? :nailbite:

That is bad bad bad! I am still looking for fire sale! Missed the boat for 2009 low. :slapshead:

Harlequin:

JannettLee:

I
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?

Free up the demand for foreigners, now they can pick up good deals?? You think foreign investors are a bunch of spongy-brains mei? Their portfolio is never looking at how to save $$ nor how much to save, they are looking for the potential growth, kill their hope for potential growth, their interest would be killed.

[pirate]

Moonsun55:

I am afraid with the 6.9m population target, foreigners with long term view will view sg prop as cheap even with 15% ABSD? :nailbite:

That is bad bad bad! I am still looking for fire sale! Missed the boat for 2009 low. :slapshead:

Here's another piece of old time investing gem. In the long term, we will all be dead.

[wonderm]

Moonsun55:

I am afraid with the 6.9m population target, foreigners with long term view will view sg prop as cheap even with 15% ABSD? :nailbite:

That is bad bad bad! I am still looking for fire sale! Missed the boat for 2009 low. :slapshead:

If you think such long term view is right, you can buy now and you pay less than these foreign buyers.
If you think such long term view is wrong, you can buy when there is fire sale in the future, maybe buy from these foolish foreign buyers.
Either way, you win!

[Dora1]

pirate:

shine:

Hi, hi, I’m just an ordinary citizen who bought my 1st HDB and have stayed there ever since. Know nuts about property and investment. I welcome the recent cooling measures but at the same time, do find some sense about this JannettLee comment about people hogging HDB flats after they got the 2nd private property.


My elder brother had to return his HDB flat at a loss as he was unable to sell it off within 6 mths after he got his condo many years back. What was the reason for the change of policy where HDB dwellers are able to retain their flats even after they got a 2nd property? Is it to reduce cases of people selling at a loss like what happened to my brother, or to encourage people to venture into property investment if they have enough cash? Kindly share your views and knowledge. Thanks.

This part of what she said actually makes sense. But I think the change was implemented at a time when the property market was weak.

So, don't be surprised if Cooling Measures 8 require existing HDB flat owners who buy a private property to sell their HDB flats within 6 months. And don't be surprised if CM9 requires existing HDB flat owners who also own private residential properties to sell either their HDB flats or private properties.

Nope will never happen. Then where are the FTs going to stay? Renting HDB is a cheap option for the FTs and money making option for SCs. Suddenly drying up the supply of rental HDBs will upset the whole property market. How to achieve the $7 million target if the FTs got no place to stay?

[Harlequin]

toddles:

Harlequin:

Wai, wai, wai, abang Toddles, I am the buyer of D'Leedon hor, not seller hor.. Also am not a property agent hor :heresmyfish:

Hiyah Harlequin, I am talking abt mrs savvy lah!!

Solli solli, mistaken. Was on the move, reading with tablet, pai seh, gomenasai. :imsorry:

[Harlequin]

wonderm:

Moonsun55:

I am afraid with the 6.9m population target, foreigners with long term view will view sg prop as cheap even with 15% ABSD? :nailbite:

That is bad bad bad! I am still looking for fire sale! Missed the boat for 2009 low. :slapshead:

If you think such long term view is right, you can buy now and you pay less than these foreign buyers.
If you think such long term view is wrong, you can buy when there is fire sale in the future, maybe buy from these foolish foreign buyers.
Either way, you win!

Quite true. Either way win. Some mad foreign buyers (mostly fund managers) bought a few floors or an entire block, are already looking to cut lost, but with this 7m White Paper, may just reverse the pattern yet again.

[Harlequin]

Dora1:

pirate:

[quote=\"shine\"]Hi, hi, I’m just an ordinary citizen who bought my 1st HDB and have stayed there ever since. Know nuts about property and investment. I welcome the recent cooling measures but at the same time, do find some sense about this JannettLee comment about people hogging HDB flats after they got the 2nd private property.


My elder brother had to return his HDB flat at a loss as he was unable to sell it off within 6 mths after he got his condo many years back. What was the reason for the change of policy where HDB dwellers are able to retain their flats even after they got a 2nd property? Is it to reduce cases of people selling at a loss like what happened to my brother, or to encourage people to venture into property investment if they have enough cash? Kindly share your views and knowledge. Thanks.

This part of what she said actually makes sense. But I think the change was implemented at a time when the property market was weak.

So, don't be surprised if Cooling Measures 8 require existing HDB flat owners who buy a private property to sell their HDB flats within 6 months. And don't be surprised if CM9 requires existing HDB flat owners who also own private residential properties to sell either their HDB flats or private properties.

Nope will never happen. Then where are the FTs going to stay? Renting HDB is a cheap option for the FTs and money making option for SCs. Suddenly drying up the supply of rental HDBs will upset the whole property market. How to achieve the $7 million target if the FTs got no place to stay?[/quote]Gov may just build dorms? just kidding lar.

Integration will be a big issue to tackle, in the light of 1:1 FT/citizen, resident demographic planning is crucial.

[Harlequin]

Moonsun55:

I am afraid with the 6.9m population target, foreigners with long term view will view sg prop as cheap even with 15% ABSD? :nailbite:

That is bad bad bad! I am still looking for fire sale! Missed the boat for 2009 low. :slapshead:

Fret not; it will be costlier to migrate to SG. May just attract the higher net worth category of immigrants with deeper pockets and not the anyhow wallop our property market for quick profit type.