Singapore Property Scene Discussion

[Throttle2]

Absd up, tdsr tighter, huat ah! 

 

[Wt_know]

Just now, Throttle2 said:

Absd up, tdsr tighter, huat ah! 

 

no sweat … buyers can full cash … not me  

[Throttle2]

1 minute ago, Wt_know said:

no sweat … buyers can full cash … not me  

Me. 😂🤣

but i dont care much about property.   Enough is enough.  

[Khng8]

3 hours ago, Khng8 said:

The nearby Redhill Close site where those 10 storey blocks were SERS years ago still sit empty.
Should develop this site first and keep the Alexandra Road green space for future redevelopment.

7 storey

[Volvobrick]

https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-tdsr-ltv-loan-hdb-2382301

Still got gurus to tell us sell one buy 2 huat huat till Jurong or not? 

 

[Newbie26]

8 minutes ago, Volvobrick said:

https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-tdsr-ltv-loan-hdb-2382301

Still got gurus to tell us sell one buy 2 huat huat till Jurong or not? 

 

sell one and each spouse buy two should not be affected by absd

Interesting LTV for first time buyers not affected, most gurus anticipating this to be adjusted rather than ABSD since ABSD does not seem to affect prices after initial knee jerk reaction

The usual talk is that once buyers get used to latest ABSD rate, then market will move up again 

So maybe in future, must factor in 50% additional capital cost for buying properties 🤣

 

[Wt_know]

4 minutes ago, Newbie26 said:

The usual talk is that once buyers get used to latest ABSD rate, then market will move up again 

like petrol pump price? muahahahaha ....

you can kaypoh until cows come home but LLST still must pump petrol what .... lol

Edited December 16, 2021 by Wt_know

[Wt_know]

25 minutes ago, Volvobrick said:

https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-tdsr-ltv-loan-hdb-2382301

Still got gurus to tell us sell one buy 2 huat huat till Jurong or not? 

 

now that ABSD up again ... sure sell 1 buy 2 la ...

alternatively is DIVORCE to siam ABSD ... to save $170K-$200K ... can seriously consider DIVORCE .... muahahahaha

Edited December 16, 2021 by Wt_know

[inlinesix]

12 minutes ago, Wt_know said:

now that ABSD up again ... sure sell 1 buy 2 la ...

alternatively is DIVORCE to siam ABSD ... to save $170K-$200K ... can seriously consider DIVORCE .... muahahahaha

We are not sophisticated enough la.

Buy under Company.  1 unit 1 company.

Sell the company later.

[13177]

4 hours ago, Khng8 said:

The nearby Redhill Close site where those 10 storey blocks were SERS years ago still sit empty.
Should develop this site first and keep the Alexandra Road green space for future redevelopment.

I always thought this piece of land is reserve for private residential. Cause the surrounding are all private.

[Volvobrick]

14 minutes ago, inlinesix said:

We are not sophisticated enough la.

Buy under Company.  1 unit 1 company.

Sell the company later.

Companies are "Entities" - ABSD increased from 25% to 35%!

And if the company is used just to hold the property, the taxman will still treat it as a property transaction when the company is sold.  Our taxman very smart one....

 

 

[Throttle2]

56 minutes ago, inlinesix said:

We are not sophisticated enough la.

Buy under Company.  1 unit 1 company.

Sell the company later.

Oh please, this “loophole” already closed long ago.

 

[Khng8]

@13177 The Redhill Close site surrounding are all HDB.

The other side of the Redhill MRT with the Artra, Ascentia Sky, The Crest, Principal Gardens etc are private condo.

So this proposed BTO will be in the midst of PC.

[Stary]

I think the reaction on the market will be quite muted.

If we look at the absd for  2nd property for locals increase from 12% to 17%. Will that even make a diff?

People who are willing  and can afford to pay absd at 12%, will still buy  at 17%.  Is just a small increase for them

But more importantly, look at history lor.....last time so many absd and even more drastic measures. Prices only muted from 2013 to around 2018. After that it flew off the charts even with a pandemic

So the current measure any use?  With so many crypto millionaires,  I doubt got use lor....

 

 

Edited December 16, 2021 by Starry

[Wt_know]

8 minutes ago, Starry said:

I think the reaction on the market will be quite muted.

If we look at the absd for  2nd property for locals increase from 12% to 17%. Will that even make a diff?

People who avoid absd have already find ways to avoid it even at 12%. 17% make no diff to them

People who are willing  and can afford to pay absd at 12%, will still buy  at 17%.  Is just a small increase for them

But more importantly, look at history lor.....last time so many absd and even more drastic measures. Prices only muted from 2013 to around 2018. After that it flew off the charts even with a pandemic

So the current measure any use?  With so many crypto millionaires,  I doubt got use lor....

yup ... it's part of profit margin ... long term investment growth built into the asset ... buy high sell HIGHER ! as simple as that !

what's wrong to collect more .... covid burn how much cash already?

better to collect some back ... chop chop curry pop

property flipper will only lose money if in 2030 cannot sell or property price tank 30% ... possible meh?

Edited December 16, 2021 by Wt_know

[Wt_know]

in singapore

a. car has a straight line depreciation ... once out the showroom

b. property has a straight line appreciation ... once out the showroom

[Didu]

Govt forget to say this is one of the channels to recuperate $$ from those spent during Covid.   😁

[Wt_know]

the latest LIANG TEH is not cool enough la ... can never cool the market .... LOL 

not effective ... same same but different ... 

spore property investment is 10x leverage ... just like BTC ... but it's MSW bao jiak with zero volatility ... huat ah~!

i suspect bro @Showster HODL smelly smelly 6-8 properties a total of $15M porfolio  

 

Edited December 20, 2021 by Wt_know