The new mesures will cool the property market here ?
My opinion is, it will in fact boost the market and in the process, benefits a certain sector of the buyers.
How so ?
Firstly, MBT effectively stopped those who'd owned pvt pty from buying HDB. What will this group do to invest their $ ? Buy pvt ptys then, rather than hav eto sell their ptys to buy a HDB.
Increase income ceiling to $10,000 for those to buy DBSS. This will allow a bigger buyer-segment to push prices of HDB higher.
PRs are not mentioned, nor have any restrictions, in the new measures at all in buying HDB. This group will benefit most as they have a smaller group (those from pvt ppty owners) to compete with. Coupled with the influx of FTs, the boosted buyer pool will surely puch prices higher.
Further, the MOP is extended to 5 years, thereby further reduce the supply of resale units.
Adding on Seller's stamp duty if within 3 years of buying the pvt pty, the seller will just add the extra costs to the selling price and pass it on to the next buyer, increasing the prices, exactly like what happend in Feb/March when Seller Stamp duty was imposed.
End of day, you find a group investing in pvt ptys while another group fighting for the limited HDB flats.
If PAP wanted to help solve the problems faced by citizens in HDB prices, why then MBT changed the pricing of HDB to 'market-subsidy' rather than 'cost-subsidy' and has never revealed what is the actual cost of buildinng per unit?
PAP will clamp and control the prices of HDB for benefit of the citizens ? Hahahahahahahahahahahahahaahhahahahahahahahah...........