Foreigners staying away from Singapore properties

[PNGMK]

The limit of 8 unrelated pax will be super messy for any condos. Imagine each pax is only renting their rooms for 3 months, you will potentially have 96 different occupiers for that unit

Can imagine the admin work of the management updating occupiers particulars, access cards, etc.

The landlords who subdivided and renting out their units will be the one reaping the benefits of getting more rental income. Whereas those owners not renting out will be slapped with a higher property tax when IRAS increase the annual value of the property due to higher average rent in the development.

Luckily this is just a temporary measure and till 31 Dec 2026.

Has your Annual Value increased for 2024? Some friends of mine have got their property tax doubled due to increase of the AV and the higher progressive tax brackets. We no longer has a flat rate of 4% for owner occupied property anymore

We are starting to see the repercussions in this where I own. Landlords doing crazy things to get rent returns up (subdividing and renting to over 8 unrelated persons) because while they'd normally sell they can't as volumes are zero. I'm on the MC and the Sinkies are bitching about it. I just point at the ABSD and tell them to write to their MP. This is a wholly self induced crisis.

The older folk who had planned to downgrade to a HDB are suddenly locked out and I have not seen a single foreign prospective buyer for months in our development.

Our development is not really set up for rentals to large groups and the MC is struggling to accept this. Our intercom, gate pass and elevators are overloaded now and we are having what looks like security issues to me. I've told them that if the development moves to being mostly rentals we will have to invest in better systems but sinkies hate spending money on anyone else's problems.

You sow what you reap.

No significant increase in prop tax for me.

What the biggest hurdle has become is the access system (intercom). Telephony based systems rely on the good will of the landlord to update the recorded number to those of the tenants (of which usually you can only have two numbers) or install a landline for incoming visitors (which rightly, no LL does and nor can the MA enforce). That simply doesn't happen. So what we see now is tenants without access or visitors dialing random units to get in. Do I care? Not really - I was on the MC when they wanted to go away from a hardwired intercom and told them in no uncertain terms it was a mistake but was literally shouted down by the idiots getting a kickback (because what the f would an electronics engineer know about intercoms). I promptly hooked up an old answering machine to my landline and recorded the "code" (DTMF tones) required to get in as my answering machine message in response. So I have never have to worry about having an access card. Latest debacle is the MC president has decided to remove the car gate switch in the lobby because "too many people misuse it" like what the f man? How do we let visitors in? How do we let taxis out? This will probably end in me punching him out.

[Pal]

I always prefer analog wires for certain devices. Those systems that forward to mobile lines are hopeless! Should have retained the analog intercom system.

Your door access is a clever piece of engineering! Can consider selling the solution to your neighbours

Your MC sounds like in a mess. Find a few allies if possible, can't let the chairman decides everything in this manner. Is the car gate switch manned by security guard? How he intends to let visitors in?

No significant increase in prop tax for me.

What the biggest hurdle has become is the access system (intercom). Telephony based systems rely on the good will of the landlord to update the recorded number to those of the tenants (of which usually you can only have two numbers) or install a landline for incoming visitors (which rightly, no LL does and nor can the MA enforce). That simply doesn't happen. So what we see now is tenants without access or visitors dialing random units to get in. Do I care? Not really - I was on the MC when they wanted to go away from a hardwired intercom and told them in no uncertain terms it was a mistake but was literally shouted down by the idiots getting a kickback (because what the f would an electronics engineer know about intercoms). I promptly hooked up an old answering machine to my landline and recorded the "code" (DTMF tones) required to get in as my answering machine message in response. So I have never have to worry about having an access card. Latest debacle is the MC president has decided to remove the car gate switch in the lobby because "too many people misuse it" like what the f man? How do we let visitors in? How do we let taxis out? This will probably end in me punching him out.

[PNGMK]

I always prefer analog wires for certain devices. Those systems that forward to mobile lines are hopeless! Should have retained the analog intercom system.

Your door access is a clever piece of engineering! Can consider selling the solution to your neighbours

Your MC sounds like in a mess. Find a few allies if possible, can't let the chairman decides everything in this manner. Is the car gate switch manned by security guard? How he intends to let visitors in?

No significant increase in prop tax for me.

What the biggest hurdle has become is the access system (intercom). Telephony based systems rely on the good will of the landlord to update the recorded number to those of the tenants (of which usually you can only have two numbers) or install a landline for incoming visitors (which rightly, no LL does and nor can the MA enforce). That simply doesn't happen. So what we see now is tenants without access or visitors dialing random units to get in. Do I care? Not really - I was on the MC when they wanted to go away from a hardwired intercom and told them in no uncertain terms it was a mistake but was literally shouted down by the idiots getting a kickback (because what the f would an electronics engineer know about intercoms). I promptly hooked up an old answering machine to my landline and recorded the "code" (DTMF tones) required to get in as my answering machine message in response. So I have never have to worry about having an access card. Latest debacle is the MC president has decided to remove the car gate switch in the lobby because "too many people misuse it" like what the f man? How do we let visitors in? How do we let taxis out? This will probably end in me punching him out.

I have a car gate solution on the way. We have a hard wire button for the car gate in each unit. I'm in middle of finishing of a Arduino solution to toggle that switch from an app. I only have a few years let here - I'm just worried about the MC making it too hard to rent out my unit if I can't sell it at the price I want.

[JWNYsg]

Big gamble but personally I feel that keeps rent up so some quarters may not be complaining

[Pal]

Yes, being in the MC is thankless job but need to be there to prevent them from making stupid decisions!

I have a car gate solution on the way. We have a hard wire button for the car gate in each unit. I'm in middle of finishing of a Arduino solution to toggle that switch from an app. I only have a few years let here - I'm just worried about the MC making it too hard to rent out my unit if I can't sell it at the price I want.