Breaking news ! Govt rolls out new property cooling measures
#31

In a way the 15 months waiting period is to allow young couples a better chance to get into resale as HDB is not building btos fast enough. Private property owners above 55 years can cont to get resale under 4 rooms types. This is more prudent than getting larger >$1m types. Pushing hdb flats above $1m is a 'push and pull' factor which from policy making point of view not good down the road when the economy turns a drastic turn down.
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#32

(30-09-2022, 02:31 PM)FartSunKing Wrote:  Some people make things happen

Like 5354 who bought a resale 5I HDB flat last year

And made $200K unrealized gain

Some people watch things happen

And masturbate their mind, like sgbuffett

And then there are those who whine

Because they got fcuked in the arse, like ola

When PAP did something GOOD for Singapore



Jac Lau, your daughter have not died in a car accident yet?

Why everyday so unhappy with your own life in SG?

Then go back to Malaysia as a Branded Traitor, lah

Go and sell a few of your antiques that even Sotherby will throw into the dustbin

Such a stupid useless old man


Rotfl

Why do we need 5 Mayors and 80 PAP Ministers? 
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#33

(30-09-2022, 01:18 PM)wendychan Wrote:  Given the "clear upward momentum in HDB resale prices" and to moderate demand, the Government has imposed a 15-month wait-out period for private home owners before they can purchase a non-subsidised HDB resale flat.

This will kick in after they have sold their property.

The new rule will also apply to those who sold their private property prior to submitting an application to buy a resale flat.

Previously, such property owners were allowed to buy an HDB resale flat on the open market if they sold their private properties within six months of purchaing the HDB unit.

The new 15-month wait-out period will not apply to seniors aged 55 and above who are moving from their private property to a four-room or smaller resale flat, the authorities said.

The wait-out period for private home owners who are first-timers and wish to apply for the CPF Housing Grant and Enhanced CPF Housing Grant for their resale flat purchase also remains unchanged at 30 months.

The new 15-month wait-out period is a temporary measure which will be reviewed.


Most of the real rich people, not FAKE rich people like Jac

already paid in CASH for their cars and HDB units

will not be affected by the 80% loan restriction

Why do we need 5 Mayors and 80 PAP Ministers? 
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#34

Today market property prices not dropped alot leh...
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#35

(30-09-2022, 03:08 PM)sclim Wrote:  problem is.
1. did not build enough bto.
2. take too long to build bto as now got to q select then build. that is totally wrong. benefits hdb but does not serve the people which is what hdb is about.
3. think too little bto build as the current stock of hdb build is enough. so they limit build to avoid over supply. but really it is not supplying what young singaporean want. when opp come on and promise a new hdb within 2 years. upon selection they will win the young votes.
can it be done without oversupply? yes . by doing more selective hdb enbloc. give more time. like 5 to 10 years ahead to say this block is selected for enbloc until 100 per percentage vote yes.
do not have to look at how much gov made. by a 99 years lease after 20 years the building cost is fully amotised.

4. to limit private seller to hold 15 months before able to buy hdb is another punished citizen for hdb worng move. there is no hdn shortage . the shortage is due to underbuild of bto and buyers of resale bto has to hold for 5 years. the hdb already at market rate why need to hold for 5 years. by 5 years it look good at the start of policy but is bad later as the supply is lock up by 5 years. if 30k number of resale each year. in 5 years 150k units are removed from the market. for most people when one buy a hdb most probably will not moved. 15ok is 15% of 1m build stock of hdb. so plicy created the problem in attempt to solve another problem.

5. limiting private seller to not able to buy hdb for 15 months will create demand for rental and slow transactions. lesser transactions iras got lesser income. more rental will create mroe demand to own unit. either hdb or private. do now if someone got enbloc they cannot buy resale hdb. got to buy private will cause private to go even higher. not a resonable move. need to reviewed. increased the supply of new bto. increased supply of resale hdb by removing the 5 years min stay gradually 4,3,2

hope i made sense. but the new measures are some ok like above i mentioned think can improve.


I feel is Not Oversupply of BTO flats. Is people already got a flat , and those currently stay in Condo or even landed house are " Flipping the BTO flats "

Even the first timers , they DON'T even intend to stay in that area for long Unlike Our parents gen, Buy and stay there for years THUS This is why create that " Kampung spirit Community with the Neighbours Who also stay in that are for years "

Now a days , you tend to see your neighbours suddenly changed , PR or New citizen staying beside you even Locals too. Partly due to " Flipping BTO flats for profits " Media keep show case Million dollars HDB flat, Agents also BS even MORE on the price of resale flats.

EVERYONE want to Profit MORE , been a Seller also come agent for commissions. This is why resale flats are price so much over these years. SO is NOT BTO Flats not enough for those newly couple wanna set up a family. IS about Individuals , A lot don't even intend to stay for years in their first " owned HDB flat " now a days , is want to FLIP Resell High at resale market.


Another reasons why BTO flats can fetch Million dollar sales, partly due to PRs. I myself witness my relative sold his HDB flat at 900k++ to a PRs , he told me actually people come to view his flat are mostly PRs , locals not much.

He also know himself more Likely PRs will buy his flat and is true.

Next also due to " Downgraders " Those stay in Condo or even landed house sold their property , got huge profits so a good location, well renovated BTO flats , with good view these people will afford 1 million is not problem due to their sales from their condo or landed houses.


An interesting thing is , till now this rules, regulations still un changed. I think the authority knows got people question , they so call claim because people is " Upgrading " .

IF you stay in HDB , you can buy condos , how many units also can to rent out. Which one of my relative happen is a PR is currently doing this. Now he own two condos to rent out whereas he stay in HDB flat.

Whereas another relatives cannot buy HDB flats, have to Sold her condo first.

Get what I mean here?
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#36

(30-09-2022, 03:27 PM)A2Z Wrote:  In a way the 15 months waiting period is to allow young couples a better chance to get into resale as HDB is not building btos fast enough. Private property owners above 55 years can cont to get resale under 4 rooms types. This is more prudent than getting larger >$1m types. Pushing hdb flats above $1m is a 'push and pull' factor which from policy making point of view not good down the road when the economy turns a drastic turn down.

young couple mostly want new hdb . at least 1 time in their life. not a resale hdb. unless they want location over new.
hdb done a bad job by not building what people want. and by bto the wait time is too long,
imagine if graduate. man 25 years old. woman 23 years old. work a few years to have down payment is already man near 30 years old. got to wait another 4 years for bto man already mid 30's . not  many can wait fill that length of time.
hdb should take the risk and go back to build then sell to reduced waiting time, else why blame people not enough baby? hdb need a serious review of wrong policy that serve their need but not the people they are design to serve.
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#37

Farking hell


this is not the first time they announce the cooling measures

FAKE NEWS FAKE COOLING MEASURE

it will......................


[Image: wPOdWrM.gif]
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#38

Why market went up instead and not many property counters down.So not worry lah...
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#39

It is a fallacy among the uninitiated that property prices will only continue to rise non stop and every Tom, Dick and Hairy’s flat will rise to over a million dollars for hdb.  Only simpletons think that way Big Grin

The property market is a cyclical market what goes up will come down and vice versa. Also, look at the residential properties at geylang lor 3 a couple of years ago. Chenghu no renew their 60 years tenure, all die pain pain Big Grin

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#40

(30-09-2022, 05:26 PM)[[ForeverAlone]] Wrote:  ....

IF you stay in HDB , you can buy condos , how many units also can to rent out. Which one of my relative happen is a PR is currently doing this. Now he own two condos to rent out whereas he stay in HDB flat.

Whereas another relatives cannot buy HDB flats, have to Sold her condo first.
...

spot on
hypocritical FOOking dumb ass rules

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#41

https://www.straitstimes.com/singapore/h...g-measures

got HDB and got condo
so these are the people buy HDB first, then buy condo

and the gov HDB system lets them play that way

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#42

(01-10-2022, 11:00 AM)wendychan Wrote:  https://www.straitstimes.com/singapore/h...g-measures

got HDB and got condo
so these are the people buy HDB first, then buy condo

and the gov HDB system lets them play that way

More likely due to Taxes. Early I mention my this PR Relative. He stay in HDB flat yet own Two Condos rent out . He pay A LOT TAXES. one thing also he is PRs. If he is new citizen than can cut a bit of the taxes beside paying the private properties taxes.

Skip this part , PRs. Let's say Local or New Citizens, AS LONG you stay in HDB FIRST Than You no need sell off your condos even Landed house , when You wanna so call " Invest , buy more Condo units "

You can see literally is Rich Getting Richer here not just they pay more taxes.

Irony , as we all know BUT IF YOU stay in Condo , You cannot Buy HDB Flat have to sell off

Now with this new ruling, you Literally hard to sell , even sell off need to wait for 15 months period than can buy HDB flat.

According to those property agents will " spike in rental maybe " partly these condo ex owners need to rent a place first while waiting to apply for a HDB Flat.
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#43

Rental all asking 20% more liao...haha
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#44

to overcome the 15m wait out problem, buyer can arrange with seller for rent first then buy, if no major renovation is needed. and the 15+m rent can be fully/partially deducted from the agreed price.
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#45

Any Tom, Dick and Hairy can tell that it is the gahment’s intention to now rein in hdb flats’ runaway prices, while this time round not molesting private property prices. 

While it is the correct step moving back towards its original direction ie for hdb to be meant primarily as a roof over their heads, and not as a money making machine, those who shamelessly wansui wansui pap in their self interests for selling their flats for a million dollars must be crashing back to earth now Big Grin

https://www.channelnewsasia.com/singapor...ow-2975836

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#46

(01-10-2022, 12:51 PM)WhatDoYouThink! Wrote:  to overcome the 15m wait out problem, buyer can arrange with seller for rent first then buy, if no major renovation is needed. and the 15+m rent can be fully/partially deducted from the agreed price.
There is a will, there is a way 
Want to sell condominium to make good capital gain and kpkb where to stay.
Perhaps government owes them living
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#47

Such half-hearted CM not much effect. Better to raise CPF mortage rate by 1%!
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#48

besides rent to buy arrangement with the buyer, the seller can aso sell and rent, that's after selling his property, he continues to stay in it for 15+ months and pay rents to the buyer who'd be very happy to find tenant immediately. and he'll aso hv 15m to slowly look for his next property
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#49

Nice titties Big Grin

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#50

(02-10-2022, 09:59 AM)WhatDoYouThink! Wrote:  besides rent to buy arrangement with the buyer, the seller can aso sell and rent, that's after selling his property, he continues to stay in it for 15+ months and pay rents to the buyer who'd be very happy to find tenant immediately. and he'll aso hv 15m to slowly look for his next property

what if buyer buys to move in? having sold  his own property?
sometimes things are not so clear cut

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#51

(02-10-2022, 09:35 AM)mikotan Wrote:  Such half-hearted CM not much effect. Better to raise CPF mortage rate by 1%!

Chenghu want soft landing not crash the property market lah Big Grin

Many of them own pte properties but not hdb Laughing

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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