More property cooling measures announced

last SG · 2013-01-16T22:15:06+00:00

I think this do help though it might not bring down the price but it stop this from shooting up the roof. But if you view it this way, this might be another...

charlize SG

Actually for me, I view HDB and private property as 2 different thing. The function for HDB is ensure every Singaporean (to some this can extend to PR) to have a roof over their head. Thus this more control, as you can see that I disagree with PR and even Singaporean to own both HDB and private property, that is why I think those current own both should be ask to sell one (within a timeframe). Those PR that leave Singapore for perhaps 3 yrs and rent out the HDB should be ask to sell off. There might be some using private property for investment, for this I am more open mind for the price to move (though I believe they will still be impact when there is a control for HDB)

Somehow, they both rise in tandem almost to the dot.

Maybe somebody can show us a chart on the 2.

charlize SG

Lexus and toyota.

SGNewLaunches SG

New Property Cooling Measures simplified.

New Property Cooling Measures Applicable to all Residential Property

a) Additional Buyer's Stamp Duty (ABSD) rates will be:

i) Raised between five and seven percentage points across the board.

ii) Imposed on Permanent Residents (PRs) purchasing their first residential property and on Singaporeans purchasing their second residential property.

http://www.sgrealist.com/new-property-cooling-measures-12-1-2013/

b) Loan-to-Value limits on housing loans granted by financial institutions will be tightened for individuals who already have at least one outstanding loan, as well as to non-individuals such as companies.

c) Besides tighter Loan-to-Value limits, the minimum cash down payment for individuals applying for a second or subsequent housing loan will also be raised from 10% to 25%.

charlize SG

Wa, gotch table some more.

charlize SG

Last year, property damn hot.

What about this year?

charlize SG

Today's newspaper got reprot on property.

Extreme huat.

charlize SG

Damn stressed.

charlize SG

Looks like prices still heading up.

charlize SG

Huat ah.

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