I doubt it. The government is probably already too late in trying to control prices. The issue is that far too many Singaporeans cannot afford to purchase anything because of low salaries and sky high real estate prices.kk_lon wrote:no hope of it going down then...
depends on why you're buying and how much money you can use/have to borrow + how long you will be staying here (and how confident you are of that duration)...kk_lon wrote:Is it worth buying property in SG as a foreigner? Even with the 15% ABSD?
Pretty steep I reckon but do property values have robust appreciation in value?
Bwaa haaa haaa. The boat has sailed. OP - eventually the gahmen will remove some of the barriers... then is the time to buy.Nicole80 wrote:I think it is worth buying if the location is right. The price seems to be more or less stabilized. But I know a lot of people are still waiting till next year with the hope that the property price will drop.
But it is hard to predict. Because it is unnecessarily will drop. Once the bank loan requirement is adjusted, the property price will get back to the stable price ( if not getting higher).
That's what happened in the beginning of the year of 2010. People was waiting for price to drop in d year of 2009, but price bomb in d beginning of the year of 2010.
So , I think as long as the price is reasonable, property investment is worth it.
Does this mean that you are not a citizen of the USA nor a citizen or Permanent Resident of Switzerland, Liechtenstein, Norway or Iceland?kk_lon wrote:Is it worth buying property in SG as a foreigner? Even with the 15% ABSD?
Pretty steep I reckon but do property values have robust appreciation in value?
I think it's fair to say that the SGn government want SG property to be built for SGns to buy and benefit from. They don't want it to be being used as a regional investment safe-haven vehicle. If that's correct, it sounds reasonable to me.singapore eagle wrote:Easy to reconcile. The government is trying to bring down prices and stamp duty is one of the tools it is using.
Not quite... they want SG property supported by foreign investment but don't want to take the inevitable hit.JR8 wrote:I think it's fair to say that the SGn government want SG property to be built for SGns to buy and benefit from. They don't want it to be being used as a regional investment safe-haven vehicle. If that's correct, it sounds reasonable to me.singapore eagle wrote:Easy to reconcile. The government is trying to bring down prices and stamp duty is one of the tools it is using.
PNGMK wrote:Not quite... they want SG property supported by foreign investment but don't want to take the inevitable hit.
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