Punggol East By-Election coming ? MP steps down

[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.

[sinoboy]

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.

Higher networth not just buy property they buy expensive sports cars. They need to know that though their cars are not as big as truck they still need to drive carefully as our roads are narrow and don't anyhow beat traffic light. Don't become famous for the wrong reasons. Nowadays even standing on kerb also very crowded. When I see a speeding lambo or ferrari nearing, want to find a safer space to siam also don't have. :siam:

[toddles]

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.

Urm, it's what JM Keynes said lah. Not abt investing per se but abt Econs.

[Imami]

Harlequin:

My late ah kong always use this term:- si lang ah kar kiah! (Teochew)

Quite apt!
Oh, ya, another of his favorite:- pah si kuan sai. :rotflmao:

:offtopic:

:rotflmao: harlequin si Jin jia buay tahan....

[Imami]

3Boys:

sleepy:

can't exactly sell at profit and then sleep under the bride right? So the purchase price (loan amount) is of utmost importance to most people whom I presume only own one roof.

I don't mind sleeping under the bride.....

Or can we sell the bride for a profit instead......

:rotflmao: 3b can joke Liao.... No more so pek chek.

[shine]

Dora1:

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.

So that the HDB flat can be rented out to the FTs mah... if not the millions of FTs, where are they going to stay??
And SCs will be happy mah, money making leh, who won't like? Win-win situation!
The only losers are the young couples trying to get a new flat to stay because of the sky rocketing price.

pirate:

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.

Thanks for your views, think I understand now. The change in policy was to drive up business in the construction sector at the time when property market was sluggish. However, when people started speculating and plunged into reckless investments by buying multiple private properties, property prices rocket up, and at the same time, created a vacuum for genuine 1st time HDB buyers when HDB dwellers hogged the flats.

Indeed, the problems were created by the “short-sighted” government, whereby policies created did not anticipate and respond in time to the changing economic environment, and only tried to put out fire by introducing many rounds of cooling measures when things started to spiral out of control.

Personally, I think the government needs to think through the whole situation carefully, and comes up with more holistic policies rather than in piecemeal form to solve each problem as they arise, so as to ensure they do not have to keep coming up with cooling measures. Building new flats continuously but at the same time allowing people to hog flats will never satisfy the ongoing demand for genuine buyers, especially when the increase in population is in the cards.

[Just relax]

To Chief Kiasu,


The recent posts on this thread are way way :offtopic: :offtopic: :offtopic:

It has become very :? :? :? I am hoping you will clean it up accordingly. :xedfingers: :xedfingers: :xedfingers:

I don't think Michael Palmer had anything to do with the recent property cooling measures or HDB under-supply