Singapore Property Scene Discussion

[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.

[Starry]

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

[therock]

It’s going to be hard for these large condos…. Laguna Park is another 

https://www.businesstimes.com.sg/real-estate/mandarin-gardens-owners-turned-nose-up-at-s3-billion-tag-will-latest-en-bloc-effort

 

[Volvobrick]

57 minutes ago, therock said:

It’s going to be hard for these large condos…. Laguna Park is another 

https://www.businesstimes.com.sg/real-estate/mandarin-gardens-owners-turned-nose-up-at-s3-billion-tag-will-latest-en-bloc-effort

 

The largest unit (3800 sqf) only gets almost 6M. Won't be able to find a similar replacement with the 6M.  No attractive for the owners. 

[Lala81]

42 minutes ago, Volvobrick said:

The largest unit (3800 sqf) only gets almost 6M. Won't be able to find a similar replacement with the 6M.  No attractive for the owners. 

enbloc disproportionately benefits smaller unit owners. So it's usually the smaller unit owners which are eager. 

My estate also has a big proportion of large unit owners, so it will be difficult in future.

[Mkl22]

3 minutes ago, Lala81 said:

enbloc disproportionately benefits smaller unit owners. So it's usually the smaller unit owners which are eager. 

My estate also has a big proportion of large unit owners, so it will be difficult in future.

depends on if its a freehold or not. if freehold, just hang on and continue with repairs.

so far no major development has reached close to 99years. have to see how much erosion of the value after 60years or how run down the place will be then.

[Lala81]

5 minutes ago, Mkl22 said:

depends on if its a freehold or not. if freehold, just hang on and continue with repairs.

so far no major development has reached close to 99years. have to see how much erosion of the value after 60years or how run down the place will be then.

not in a rush. As long as u can accept living in an old place.  Think can go enbloc before i die bah 

[Mooose]

3 hours ago, Volvobrick said:

The largest unit (3800 sqf) only gets almost 6M. Won't be able to find a similar replacement with the 6M.  No attractive for the owners. 

think there is also additional hurdles for sea side condos .. someone on a high floor with a sea view would have paid a premium when he bought, and to him that unit is probably almost irreplaceable .. 

if the distribution does not address floor height and views sufficiently especially for sea side condos, it will be hard to get 80% ..

but having said that it is also hard to pin a percentage premium on the view .. if there was a unit facing the sea and another same size/design unit facing inland, what difference in price payout would be acceptable?

[Lala81]

2 minutes ago, Mooose said:

think there is also additional hurdles for sea side condos .. someone on a high floor with a sea view would have paid a premium when he bought, and to him that unit is probably almost irreplaceable .. 

if the distribution does not address floor height and views sufficiently especially for sea side condos, it will be hard to get 80% ..

but having said that it is also hard to pin a percentage premium on the view .. if there was a unit facing the sea and another same size/design unit facing inland, what difference in price payout would be acceptable?

yup, facing and height issues etc are all negated. A 3 bedder top floor vs 2nd floor all get the same value. If it was bought at resale prices, the quantum is 5/6 digit differences. 

So enbloc really not easy to overcome all this issues.

[Mooose]

1 minute ago, Lala81 said:

yup, facing and height issues etc are all negated. A 3 bedder top floor vs 2nd floor all get the same value. If it was bought at resale prices, the quantum is 5/6 digit differences. 

So enbloc really not easy to overcome all this issues.

yes, also depends how "greedy" some owners are ..