COOLING MEASURES coming

[Ng Cheh Hwang]

Cash over valuation back in the spotlight as rising HDB demand drives resale prices up
Read more at https://www.todayonline.com/singapo...t-rising-property-demand-drives-resale-prices

Singapore Home Price Growth Quickens, Stoking Worries of Curbs
https://www.bloomberg.com/news/arti...e-growth-accelerates-as-property-market-booms

 

[Loofydralb]

MND is daft in not quickly putting in cooling measures. A 50% max cap on loans taken on property will sufficiently cool the market to sane levels.

It will also benefit CPF and financials as the money would be invested in profit driven ventures instead.

No wonder PAP keeps losing ground every GE. They're getting complacent.

 

[Ng Cheh Hwang]

MND is daft in not quickly putting in cooling measures. A 50% max cap on loans taken on property will sufficiently cool the market to sane levels.

It will also benefit CPF and financials as the money would be invested in profit driven ventures instead.

No wonder PAP keeps losing ground every GE. They're getting complacent.

increase ABSD to 25% will put an end to these.
But wait, is the government more interested in tax revenue or taming the rally?

 

[Loofydralb]

increase ABSD to 25% will put an end to these.
But wait, is the government more interested in tax revenue or taming the rally?

Your suggestions will put the whole property financial industry and SG's at risk when inflation hits and interests skyrockets.

A 50% cap on loans will allow only affordable individual who will not default or less probability of default. It is also the natural way that those with the money will get to eat what they want. We want to bring down gradually the market, not crash it.

 

[zhihau]

Those cash rich Tiongs would be most happy.

 

[whoami]

Those cash rich Tiongs would be most happy.

Bar them fm purchasing properties fm mainland.

 

[LordElrond]

Nothing will stop escalating prices as long as you allow foreign purchases. Whether it is 25% ABSD or zero % loans. Tiongs and Honkies will scoop up the properties with hard cash.

 

[laksaboy]

Nothing will stop escalating prices as long as you allow foreign purchases. Whether it is 25% ABSD or zero % loans. Tiongs and Honkies will scoop up the properties with hard cash.

Therein lies the key point: for HDB flats, two PRs can buy a resale HDB flat. Of course well-heeled FTs can go nuts and splurge on condos.

https://www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility
https://www.propertyguru.com.sg/pro...of-properties-can-a-pr-buy-in-singapore-10114

And who controls the number of PRs?

 

[bobby]

Simi lanjiao is COV ?

 

[kaninabuchaojibye]

Simi lanjiao is COV ?

Cock Outside Vagina?

 

[Hypocrite-The]

But if prices drop wont singkies who have property be affected?

 

[zhihau]

Bar them fm purchasing properties fm mainland.

They bring the cash in to buy properties here in Sinkiestan

 

[face the facts]

But if prices drop wont singkies who have property be affected?

if you buy a hdb to stay then don't think you bother with what current price
stop foreigners from buying and prices will stay still.....good for true locals and the next generation

 

[face the facts]

They bring the cash in to buy properties here in Sinkiestan

probably printed cash from the FED or corrupt money from tiongland,
and we are so fucking stupid to sell to them

 

[whoami]

They bring the cash in to buy properties here in Sinkiestan

And sinkieland property prices skyrocketed. It will indirectly affect HDB prices. Not good for those young couples startg their own families. They nid shelter with affordable prices...

 

[TerrexLee]

need to buy samsung fridge to cool down?

 

[zhihau]

They nid shelter with affordable prices...

Does HDB still have that slogan “Building affordable homes for the masses”?

 

[Hypocrite-The]

Does HDB still have that slogan “Building affordable homes for the masses”?

Brand new hdb bto is affordable n it's the 1st pot of gold for singkies. So I don't understand y singkies complain abt tat.

 

[Ng Cheh Hwang]

Analysts flag higher odds of cooling measures

https://www.businesstimes.com.sg/re...res-as-singapore-private-home-prices-rise-for

 

[frenchbriefs]

Yeah sure....like as though that will work in the long run when u keep importing more and more humans into this 700 sqkm island.