*Breaking* Housing loans to be tightened from today..

[Freeder]

https://www.businesstimes.com.sg/real-estate/flash-govt-rolls-out-new-property-cooling-measures

So late then announce ..

Looks like kanna forced to act like that maybe targeting the US and Europe markets..😂
 

 

Edited September 29, 2022 by Freeder
Spelling

[Kopites]

11 minutes ago, Freeder said:

https://www.businesstimes.com.sg/real-estate/flash-govt-rolls-out-new-property-cooling-measures

So late then announce ..

Maybe targeting the US and Europe markets..😂

Is about times for some measures to cool down the property markets. 

Measures wef today so no grace periods. 👍

Edited September 29, 2022 by Kopites

[ER-3682]

Won't affect Overseas Buyers,all buy Full Cash.

[Wt_know]

to cool down million dollar cheap cheap resale HDB after selling private property

not fair leh …  

who is going to buy my CCK jumbo flat cheap cheap $1.01M only … lol

Edited September 29, 2022 by Wt_know

[BoneStock]

"The wait-out period will however not apply to seniors aged 55 and above who are moving from their private property to a 4-room or smaller resale flat."

 

at least they leave the door ajar for seniors.😀

[Kopites]

17 minutes ago, BoneStock said:

"The wait-out period will however not apply to seniors aged 55 and above who are moving from their private property to a 4-room or smaller resale flat."

 

at least they leave the door ajar for seniors.😀

Not mentioned single or joint ownership must be 55 above. 

[BoneStock]

*wrong post*

Edited September 29, 2022 by BoneStock

[Wt_know]

property price will not crash la

there is *no pain* in the property market … 

cooling measure is merely slowing down the *turbo* that has been pumping for years … 

 

Edited September 29, 2022 by Wt_know

[Throttle2]

Those HDB sellers looking to upgrade just got f**ked. 
Those seniors looking to cash out also got f**ked.

😂🤣 welcome to the fraternity of people getting f**ked by Govt measures. ✌️👏🏻😋

[Scion]

downgraders from private to HDB... dun think there are so many compared to the upgraders right?

[Macrosszero]

7 minutes ago, Scion said:

downgraders from private to HDB... dun think there are so many compared to the upgraders right?

But they’re the ones making the headlines  when they get en bloc-ed from their older condos or sell out from their landed and have fistfuls of cash that a delta of 100k is nothing to them for the right unit

[Inlinefour]

all my pr nc friends all full cash one leh

 

what are they doing 🙊🙉🙈

 

They are welcome here because of money mah 🤣🤣🤣 

 

脱裤子放屁 🤫🤫🤫 

 

 

over importing of foreigners is the biggest problem now even pr nc unhappy liao 😂😂😂

[Victor68]

This one nothing lah, not going to affect current market. I expect more to come unless recession kicks in. 

[Ct3833]

1 hour ago, BoneStock said:

"The wait-out period will however not apply to seniors aged 55 and above who are moving from their private property to a 4-room or smaller resale flat."

 

at least they leave the door ajar for seniors.😀

Leave the door open for seniors to buy on their children behalf😅.

Property price has been rising despite the  LTV for private bank loan being set at 75% , how would reducing HDB loan from 85% to 80% have impact to HDB price? 

[Tkseah]

38 minutes ago, Scion said:

downgraders from private to HDB... dun think there are so many compared to the upgraders right?

My bro-in-law (below 55yr old) planning to change from condo to resale hdb... Now stuck liao..

[Freeder]

More impact on Downgraders than upgraders.. hard truth..

[13177]

So no more $1m HDB flat? Or HDB resale price will come down? But people can opt for HDB loan lo, still at 2.6%. I think not much effect on HDB pricing la.

[Jamesc]

In MCF everyone is fully paid up.

Cooling measure just stop buying fourth fifth and sixth properties.

Haiz life is so hard.