MAS cease TDSR restriction on property - FOR EXISTING OWNERS

[Carfreakz]

http://sg.finance.yahoo.com/news/mas-eases-tdsr-restrictions-104737968--sector.html

Will MAS do the same for car loan?

[Deckbuild]

http://sg.finance.yahoo.com/news/mas-eases-tdsr-restrictions-104737968--sector.html

Will MAS do the same for car loan?

 

Your title quite misleading, it only cease for existing owner, not new owner. And it's meant to help those existing home owner. For new buyer, it's still under the new restrictions.

 

As for cars, with 50%, it's still selling like hot cakes, without, I guess it will shoot thru roof already...

[Dark]

 

Your title quite misleading, it only cease for existing owner, not new owner. And it's meant to help those existing home owner. For new buyer, it's still under the new restrictions.

 

As for cars, with 50%, it's still selling like hot cakes, without, I guess it will shoot thru roof already...

 

That means most existing owners (before rule change) over-extended liao? The number must be significant to effect the relaxation on this group?

[Deckbuild]

 

That means most existing owners (before rule change) over-extended liao? The number must be significant to effect the relaxation on this group?

 

I can only say it should be quite significant, the difference is huge comparing the before and after TDSR. TDSR is to prevent new buyer from busting their budget if Sibor rate goes haywire.

 

But for existing buyer that already finish their x years lock in period will feel the heat if the TDSR is in place that prevent them from refinancing. Good that MAS relax abit, else it's the bank that's smiling happily as those existing buyer will get CHOP.

[Astrid]

Other than this small change made for existing owners who had over-stretched themselves before TDSR, I strongly support TDSR being maintained for the longer term.

 

Let's face it, not everyone can own multiple properties, nor prime D9/10 ones - esp landed.

But many had,over the last decade or so, been over-leveraged, or had resorted to flipping ... out of greed, or just to "keep up" / scared to lose out ... and taking high, long-tenure loans in that process.

 

This has got to be mitigated and TDSR will prevent that eventual bubble.

[Wyfitms]

Other than this small change made for existing owners who had over-stretched themselves before TDSR, I strongly support TDSR being maintained for the longer term.

 

Let's face it, not everyone can own multiple properties, nor prime D9/10 ones - esp landed.

But many had,over the last decade or so, been over-leveraged, or had resorted to flipping ... out of greed, or just to "keep up" / scared to lose out ... and taking high, long-tenure loans in that process.

 

This has got to be mitigated and TDSR will prevent that eventual bubble.

 

TDSR along with most of the CMs will be removed when the bubble burst and govt has to try to slow down rapidly fall of housing prices

[ShepherdPie]

everyone happy...

 

owner happy , lawyer happy , bank happy ... iras happy

[Astrid]

 

TDSR along with most of the CMs will be removed when the bubble burst and govt has to try to slow down rapidly fall of housing prices

That should not even happen ... prime properties are reserved for the elites, old money and UHNW new comers. Maybe the nuevo riche too.

But definitely not for we, the peasant masses waiting for prices to fall and have a bite of the prime CCR property cherry!

It will never be allowed to happen.

Read here:

http://www.mycarforum.com/topic/2693072-we-are-peasants/?p=5093740

[Wyfitms]

That should not even happen ... prime properties are reserved for the elites, old money and UHNW new comers. Maybe the nuevo riche too.

But definitely not for we, the peasant masses waiting for prices to fall and have a bite of the prime CCR property cherry!

It will never be allowed to happen.

Read here:

http://www.mycarforum.com/topic/2693072-we-are-peasants/?p=5093740

 

The risk in the market is not the prime properties.

 

It is the suburban 99 yrs that are now $1,200 to $1,500 psf i.e. the mass market properties.

 

Do note that most of the supply in the last few years are from GLS - aka mass market.

 

there will be tons that will be up for sale at lower and lower prices.. everyone will cry mother and father and the govt will have to step in to remove CMs and TDSR so that these units can be sold to someone without prices dropping like a rock every month.

[CH_CO]

Gradual drop is much better than sudden crashes. By making restrictions , it is actually slowly preparing itself for an eventual drop.

 

The release of the tdsr can be used as a stop gap to prevent further price erosion but that said , price of properties in SG are really overinflated , especially the pigeon hole apartments.

[ShepherdPie]

 

The risk in the market is not the prime properties.

 

It is the suburban 99 yrs that are now $1,200 to $1,500 psf i.e. the mass market properties.

 

Do note that most of the supply in the last few years are from GLS - aka mass market.

 

there will be tons that will be up for sale at lower and lower prices.. everyone will cry mother and father and the govt will have to step in to remove CMs and TDSR so that these units can be sold to someone without prices dropping like a rock every month.

 

 

actually... alot of ppl have not come to term that D9/10/11 are no longer the prime prime estate..

 

Those near to fast transport is.. and the rich that does not need public transport are staying in Sentosa or nearer to buzz ( recreation or business)

 

Just like in hk.. the old slump area nearer to mountains are the new prime..and 5 mins walkind distance from the mrt is consider far..

 

Visited my relative in hk..they told be they rarelly work on the street for more than 2 blocks..

[Wyfitms]

 

 

actually... alot of ppl have not come to term that D9/10/11 are no longer the prime prime estate..

 

Those near to fast transport is.. and the rich that does not need public transport are staying in Sentosa or nearer to buzz ( recreation or business)

 

Just like in hk.. the old slump area nearer to mountains are the new prime..and 5 mins walkind distance from the mrt is consider far..

 

Visited my relative in hk..they told be they rarelly work on the street for more than 2 blocks..

 

my opinion is that the D9 10 11 are still prime real estate. perhaps there is a new category now - CBD area (marina bay.. not shenton way or robinson rd hor)

 

i believe the whole concept of property next to MRT being prime is a lie spun by developers to justify inflating PSF prices.

 

MRT has been around for a long time. It used to only command $200K premium to be located next to MRT.

 

But now suddenly all projects within walking distance to MRT is considered as prime? Logical to charge the same price for project situated next to CCK MRT and TPY MRT?

[ShepherdPie]

 

my opinion is that the D9 10 11 are still prime real estate. perhaps there is a new category now - CBD area (marina bay.. not shenton way or robinson rd hor)

 

i believe the whole concept of property next to MRT being prime is a lie spun by developers to justify inflating PSF prices.

 

MRT has been around for a long time. It used to only command $200K premium to be located next to MRT.

 

But now suddenly all projects within walking distance to MRT is considered as prime? Logical to charge the same price for project situated next to CCK MRT and TPY MRT?

 

CCK MRT and TPY MRT will be almost the same given that so many government moving to jurong east (3 stop from JE) and the new port going to at Tuas.

Edited February 11, 2014 by ShepherdPie

[Wyfitms]

 

CCK MRT and TPY MRT will be almost the same given that so many government moving to jurong east (3 stop from JE) and the new going to at Tuas.

 

The new Yishun condo near to MRT is expected to be launched at around $1,500 psf. Are you aware of any development going on at Yishun?

 

I certainly can't see any

 

http://www.todayonline.com/business/property/frasers-s143b-top-bid-yishun-site-stuns-market

[ShepherdPie]

 

The new Yishun condo near to MRT is expected to be launched at around $1,500 psf. Are you aware of any development going on at Yishun?

 

I certainly can't see any

 

http://www.todayonline.com/business/property/frasers-s143b-top-bid-yishun-site-stuns-market

 

 

Bro, the new Singapore's Woodlands Regional Centre

 

http://sbr.com.sg/commercial-property/news/singapores-woodlands-regional-centre-seen-open-100000-new-jobs

 

 

......

Woodlands Central is planned to be a pedestrian-friendly regional retail hub with new offices, retail shops and a pedestrian mall running through the heart of the district. This pedestrian mall will not only provide a seamless connection to the Woodlands MRT station and bus interchange, but will also be a focal point for community events.

[Duckduck]

 

The risk in the market is not the prime properties.

 

It is the suburban 99 yrs that are now $1,200 to $1,500 psf i.e. the mass market properties.

 

Do note that most of the supply in the last few years are from GLS - aka mass market.

 

there will be tons that will be up for sale at lower and lower prices.. everyone will cry mother and father and the govt will have to step in to remove CMs and TDSR so that these units can be sold to someone without prices dropping like a rock every month.

 

last time cooling measure price go up coz pple thk got measure means price will go even higher.

 

now warming measure price go down coz pple thk remove measure means price is going down.

 

garmen cant force pple to buy property.

 

[ShepherdPie]

we are moving from a owner-stay (family) mkt to tenant-stay mkt ( single)..

 

The req'd of a good location will start to change..but still 1500psf.. is a fool's price. **too high**

Edited February 11, 2014 by ShepherdPie

[Wyfitms]

 

last time cooling measure price go up coz pple thk got measure means price will go even higher.

 

now warming measure price go down coz pple thk remove measure means price is going down.

 

garmen cant force pple to buy property.

 

 

yes, you cannot force ppl to buy just like you cannot force people not to buy (unless make it illegal to buy).

 

hence they will try to incentivize ppl to buy. what better way than to allow LTV90%? and remove all the rubbish ADSD & SSD?