18-11-2021, 06:13 AM
Michelle Ng
PUBLISHED 8 HOURS AGO
SINGAPORE - The jury is still out on whether the 6 per cent subsidy clawback upon resale of units in the Rochor Build-To-Order (BTO) project will be able to deter speculative buyers looking for a windfall gain.
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PropNex Realty chief executive Ismail Gafoor said the 6 per cent amount is a "modest sum" considering the central location and the "potential capital appreciation" of these flats.
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ERA Realty head of research and consultancy Nicholas Mak noted that the closest comparable subsidy recovery clause is the seller's stamp duty (SSD) in the private market, as both are designed to deter speculative buying.
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"The 6 per cent subsidy clawback for the Rochor BTO flats does partly deflate the lottery effect. But the buyer can still stand to make a significant profit from the sale of the flat in the future," he said.
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Administrative executive Xiao Jinan, 37, is a potential buyer who considers property, including HDB flats, to be an investment and describes a BTO flat as one's "first pot of gold".
"The location in Rochor is good for investment, just that the profit will be lower because of the longer time horizon. But the clawback doesn't deter me. If you want to change my mind about investing, make it 10 per cent," he said.
https://www.straitstimes.com/singapore/h...-will-curb
PUBLISHED 8 HOURS AGO
SINGAPORE - The jury is still out on whether the 6 per cent subsidy clawback upon resale of units in the Rochor Build-To-Order (BTO) project will be able to deter speculative buyers looking for a windfall gain.
......
PropNex Realty chief executive Ismail Gafoor said the 6 per cent amount is a "modest sum" considering the central location and the "potential capital appreciation" of these flats.
......
ERA Realty head of research and consultancy Nicholas Mak noted that the closest comparable subsidy recovery clause is the seller's stamp duty (SSD) in the private market, as both are designed to deter speculative buying.
......
"The 6 per cent subsidy clawback for the Rochor BTO flats does partly deflate the lottery effect. But the buyer can still stand to make a significant profit from the sale of the flat in the future," he said.
......
Administrative executive Xiao Jinan, 37, is a potential buyer who considers property, including HDB flats, to be an investment and describes a BTO flat as one's "first pot of gold".
"The location in Rochor is good for investment, just that the profit will be lower because of the longer time horizon. But the clawback doesn't deter me. If you want to change my mind about investing, make it 10 per cent," he said.
https://www.straitstimes.com/singapore/h...-will-curb
