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04-06-2014, 10:31 AM | #1 |
Dragon
Join Date: Nov 2007
Posts: 1,446
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Property Softening Policies
Govt unlikely to remove curbs soon
Property Guru – Mon, Jun 2, 2014 10:29 AM SGT Home prices are likely to fall further before the government rolls back the property cooling measures which were imposed since 2009, according to Standard Chartered in media reports. "You would start to take away some of these measures if price growth reaches a certain level of equilibrium," said the bank's CEO for ASEAN, Lim Cheng Teck. However, he believes this is not the case yet. Chesterton Singapore's Managing Director Donald Han also holds a similar view: "It's still too early to remove curbs. The government will monitor but their fingers won't be pressing any buttons at this point in time." Although Lim declined to provide an estimate on how much correction is needed before the property curbs are withdrawn, CapitaLand forecasted in February that a five to 10 percent drop in home prices could goad the authorities to act. Based on statistics, private home prices in Singapore dropped 1.3 percent in Q1 2014, its biggest decline since June 2009, following a 0.9 percent dip in the previous quarter. Property curbs implemented in the past five years include the additional buyer's stamp duty (ABSD), lower loan-to-value (LTV) ratios, seller's stamp duty (SSD), higher levies on foreign buyers and the total debt servicing ratio (TDSR) framework. ---------------------- Good for ppl intending to purchase in the near future. |
04-06-2014, 10:52 AM | #2 |
Dragon
Join Date: Mar 2006
Posts: 2,264
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rest assured,gov will try to let the price go down much more till 2016,then see how is the ERECTION result before deciding next move,unless crash before that date lah
use backside to think also know lah |
04-06-2014, 10:56 AM | #3 |
Dragon
Join Date: Mar 2006
Posts: 2,264
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if I look for next property,i only start to look see look see after mid 2015
where market by then is flooded with empty hse and low low price listen at own risk |
04-06-2014, 02:14 PM | #4 |
Prof SK Ong
Join Date: Jan 2009
Posts: 10,641
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Maintain tdsr for all.
Relax ltv and stamp duties for pink nrics. That's the way to go.
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06-06-2014, 08:56 AM | #5 |
Dragon
Join Date: Sep 2002
Posts: 1,132
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i support to maintain TDSR but remove ABSD for Pink IC......
But i scare after getting ABSD income for a period of time liao.....they buay guam to remove ABSD, a good flow of income for our government..... |
06-06-2014, 04:25 PM | #6 |
Endangered Dragon
Join Date: Jan 2002
Posts: 96,529
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down no good meh ? ........hahahahahha ..
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06-06-2014, 04:30 PM | #7 |
Dragon
Join Date: Sep 2003
Posts: 2,995
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06-06-2014, 04:58 PM | #8 |
Hi there !!! 123
Join Date: Dec 2010
Posts: 3,895
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06-06-2014, 06:16 PM | #9 |
Prof SK Ong
Join Date: Jan 2009
Posts: 10,641
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The weak players all died liaow lahhhhhhh.
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06-06-2014, 06:17 PM | #10 |
Prof SK Ong
Join Date: Jan 2009
Posts: 10,641
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Down only good for those with money.
No money ones suck thumb and get poorer.
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