Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.
-
offshoreoildude
- Manager
![Manager Manager]()
- Posts: 1582
- Joined: Wed, 04 Jul 2012 9:45 pm
-
Quote
-
0
login to like this post
Post
by offshoreoildude » Fri, 11 Jan 2013 8:33 pm
- and having to sell within 6 months of buying a private
condo!
Also ABSD for PR's buying their first residential
property and Sinkies buying their second.
Now I'm called PNGMK
-
JR8
- Immortal
![Immortal Immortal]()
- Posts: 16522
- Joined: Wed, 24 Mar 2010 12:43 pm
- Location: K. Puki Manis
-
Quote
-
0
login to like this post
Post
by JR8 » Sat, 12 Jan 2013 12:08 am
Simple: 'One room lock' ah
p.s. Had you thought that rather than 'cooling the
property market'*, this is just another exercise in raising taxes; popular of course as for the vast majority it will only fall on 'other people'.
* And the government
certainly wouldn't wish to do that.
-
Strong Eagle
- Moderator
![Moderator Moderator]()
- Posts: 11744
- Joined: Sat, 10 Jul 2004 12:13 am
-
Answers: 11
- Location: Off The Red Dot
-
Contact:
-
Quote
-
0
login to like this post
Post
by Strong Eagle » Sat, 12 Jan 2013 2:30 am
One more example of how non permanent PR's scamming of the system cause hardship and restrictions for those that take their PR seriously.
I can see how the game works. Get PR as quickly as you can. Buy and HDB flat and rent it out while moving back to home country. Enjoy the income without being part of Singapore.
-
offshoreoildude
- Manager
![Manager Manager]()
- Posts: 1582
- Joined: Wed, 04 Jul 2012 9:45 pm
-
Quote
-
0
login to like this post
Post
by offshoreoildude » Sat, 12 Jan 2013 9:20 am
Strong Eagle wrote:One more example of how non permanent PR's scamming of the system cause hardship and restrictions for those that take their PR seriously.
I can see how the game works. Get PR as quickly as you can. Buy and HDB flat and rent it out while moving back to home country. Enjoy the income without being part of Singapore.
Yes I know a few who do that. However the vast majority don't I believe.
Now I'm called PNGMK
-
x9200
- Moderator
![Moderator Moderator]()
- Posts: 10075
- Joined: Mon, 07 Sep 2009 4:06 pm
- Location: Singapore
-
Quote
-
0
login to like this post
Post
by x9200 » Sat, 12 Jan 2013 9:59 am
JR8 wrote:
Simple: 'One room lock' ah
Not really. HDB is more than aware of this "trick".
-
nakatago
- Moderator
![Moderator Moderator]()
- Posts: 8364
- Joined: Tue, 01 Sep 2009 11:23 pm
- Location: Thunderbolts* HQ
-
Quote
-
0
login to like this post
Post
by nakatago » Sat, 12 Jan 2013 10:51 am
It's alright because eventually, there would no dirty foreigners looking for units to rent.
"A quokka is what would happen if there was an anime about kangaroos."
-
Wd40
- Director
![Director Director]()
- Posts: 4657
- Joined: Tue, 04 Dec 2012 10:53 am
-
Answers: 1
- Location: SIndiapore
-
Quote
-
0
login to like this post
Post
by Wd40 » Sat, 12 Jan 2013 11:27 am
x9200 wrote:JR8 wrote:
Simple: 'One room lock' ah
Not really. HDB is more than aware of this "trick".
Well, it's only a problem if the owner lives in Singapore in another house(evn then I doubt it considering the number of ads on the
property portals) But if owner goes abroad and locks one room, then technically it should be ok, because he can say that he is not renting out the whole unit but the room is for the owners belongings. I don't think it has has been explicitly mentioned anywhere that owner should also be living in the same house.
Right now lot of people do it during the MOP period, now only difference is the MOP is forever.
-
zzm9980
- Governor
![Governor Governor]()
- Posts: 6869
- Joined: Wed, 06 Jul 2011 1:35 pm
- Location: Once more unto the breach
-
Quote
-
0
login to like this post
Post
by zzm9980 » Sat, 12 Jan 2013 12:36 pm
This is all lip service to pissed off SCs. You can search for it, but I posted a link to something about this last year when they first limited PRs to only 1 year of subletting their flat. Something like only 4.5% of all sublet HDB flats in Singapore were PR owned; the rest were all SC owned.
There will also be Additional Buyer's Stamp Duty (ABSD) rates imposed on PRs buying their first residential
property and on Singaporeans purchasing their second residential property.
How does that song Hulk Hogan used to sing go? "I'm proud to be an Americaaaan...!"
-
zzm9980
- Governor
![Governor Governor]()
- Posts: 6869
- Joined: Wed, 06 Jul 2011 1:35 pm
- Location: Once more unto the breach
-
Quote
-
0
login to like this post
Post
by zzm9980 » Sat, 12 Jan 2013 12:44 pm
This one is interesting:
12 An additional measure will take effect on 1 July 2013 to tighten the terms for granting HDB loans and the use of CPF funds for the purchase of HDB flats with remaining leases of less than 60 years (details of this measure are in Annex IV).
More than a few estates are going to hit this in the next few years. I'm curious what it will do to resale HDB prices, especially in places like Marine Parade where we have people asking S$400k for 3-rooms with no view, and just shy of a million for 5 rooms, in units that were built in the 70s
-
Mi Amigo
- Manager
![Manager Manager]()
- Posts: 1794
- Joined: Sat, 19 Jun 2004 10:23 pm
- Location: Kinto Pino
-
Quote
-
0
login to like this post
Post
by Mi Amigo » Sat, 12 Jan 2013 12:55 pm
Hmm. Could a perfect storm be brewing? Of course, whatever happens it'll all be the fault of us foreigners. We're blamed for the current high
property prices, but if the market does cool to any significant extent then we will doubtless also be blamed for having caused the value of their 'investments' to have fallen.
Always handy to have a scapegoat.
Be careful what you wish for
-
offshoreoildude
- Manager
![Manager Manager]()
- Posts: 1582
- Joined: Wed, 04 Jul 2012 9:45 pm
-
Quote
-
0
login to like this post
Post
by offshoreoildude » Sat, 12 Jan 2013 4:57 pm
nakatago wrote:
It's alright because eventually, there would no dirty foreigners looking for units to rent.
In todays ST - fringe rentals are already falling....
Now I'm called PNGMK
-
auet
- Newbie
![Newbie Newbie]()
- Posts: 1
- Joined: Sat, 12 Jan 2013 11:01 pm
-
Quote
-
0
login to like this post
Post
by auet » Sat, 12 Jan 2013 11:08 pm
Would appreciate if anyone can advice on whether the new cooling measures will affect the price of HDB executive apartments (those that are near to mrt station)?
-
Mi Amigo
- Manager
![Manager Manager]()
- Posts: 1794
- Joined: Sat, 19 Jun 2004 10:23 pm
- Location: Kinto Pino
-
Quote
-
0
login to like this post
Post
by Mi Amigo » Sun, 13 Jan 2013 12:16 am
Why wouldn't they?
Be careful what you wish for
-
offshoreoildude
- Manager
![Manager Manager]()
- Posts: 1582
- Joined: Wed, 04 Jul 2012 9:45 pm
-
Quote
-
0
login to like this post
Post
by offshoreoildude » Sun, 13 Jan 2013 11:43 am
auet wrote:Would appreciate if anyone can advice on whether the new cooling measures will affect the price of HDB executive apartments (those that are near to mrt station)?
A rather moronic question. We're not
property gurus - we're expats.
Now I'm called PNGMK
-
-
Property Market Cooling Measures in Singapore
Replies: 2
First post
1584512423img_0042nHOhk.jpg
Over the past decade, the Singapore government has been employing a variety of ways in order to cool the property...
Last post
I certainly do hope prices for some places will come down, average prices for resale condos are $1,500-$2,000 psf even (99 yrs) in urban locations....
- 2 Replies
- 5334 Views
-
Last post by abbby
Thu, 19 Mar 2020 9:57 am
-
-
Latest government property cooling measures with effect from 16 December 2021
Replies: 1
First post
There has been quite a few changes in the cooling measures once again...
Definitely targeting at 2nd, 3rd properties for PR and SC and foreigners...
Last post
Good way to cool demand to ensure that demand is not inflated but rather is genuine and that property purchased is occupied rather than left empty.
- 1 Replies
- 3713 Views
-
Last post by Lisafuller
Mon, 20 Dec 2021 3:08 am
-
-
Latest property cooling measurements, what are your thoughts?
Replies: 19
First post
Quite a huge increase in ABSD for 2nd, 3 rd properties...and also foreigners and corporate entities ABSD have gone up significantly. More people will...
Last post
I stayed at the Bangkok Kempinski a few times and always forgot the minibar was all inclusive….
Sent from my iPhone using Tapatalk
Bangkok...
- 19 Replies
- 21508 Views
-
Last post by Lisafuller
Mon, 27 Dec 2021 2:13 am
-
-
- 0 Replies
- 3188 Views
-
Last post by Lisafuller
Sat, 25 Sep 2021 2:40 am
-
-
- 0 Replies
- 3132 Views
-
Last post by Pal
Mon, 30 Mar 2020 12:22 am
Users browsing this forum: No registered users and 12 guests