(24-03-2015, 10:44 PM)koh_52 Wrote: [ -> ]Quote:a bet on renew interests in luxury resi ppties, post removal of ABSD/SSD maybe sometime after GE2015/6
today there are NO investment interests for luxurious resi ppties coz 1st year breakeven is 3+15%ABSD+16%SSD = 34% !!
there could be a possibility that govt might fine tune or partial removal of cooling measures, sometime before GE2015/16.
If such a case, time to prepare to go-in...in ppty play, you cannot wait until they announce , this is where the difference.
Think next wave will be in 5 yrs times.
Property market Like chasing girls, when nobody wants, nobody wants to chase. When someone wants, everyone wants to chase.
When the trend is down, remove all ABSD/SSD so no interest. Esp speculative interest. Just see PRC property market.
If you are investor and not speculator, you don't pay SSD after 4 years
If you are singaporean buying primary home and not investor, you don't pay ABSD
Frankly i dont see why these policies that segment the buyer profile even need to be removed so that we can "achieve" what HK had landed itself in. If policy makers can't learn from others' mistakes, the populace suffers
(24-03-2015, 08:48 PM)funman168 Wrote: [ -> ]anyone knows which development is affected by the QC rule?
as far as i know the below shld be affected:
1) DLeedon
2) Reflections
REFLECTIONS AT KEPPEL BAY EXEMPTED FROM THE RESIDENTIAL PROPERTY ACT:
http://www.kepcorp.com/en/download.ashx?id=4591
property investment should be for a longer time frame > 5yrs. Historically, prices will raise in long run in this land scarce country. Analyst from SRX are speculating SSD will not be removed and likely there should be some tweak on reducing ABSD rate (slightly).
Let's see how Khaw's move
I think both help to boost revenue and control speculation. There's no reason for them to reduce unless forced too. ie. recession.
They can slow down land release or have fewer HDB development. This will conserve lands.
Yields are too weak to support current prices. Gross Rental yields of 2.5-4% is a joke.
For those who are buying now for investment, there is zero margin of safety. Interest rates is creeping higher and still have a long way to go, rental prices softening.
No way to go but down for most classes of residential properties no matter how you look at it. The low jobless rate and the decent enough economy is just slowing the inevitable.
Of course I have seen fire sale on prime freehold condos happening, usually by banks, those, we can consider
There maybe a scenario where there's so much cash that capital appreciation is the goal as people look for safer assets/investment. Equity is too risky for most. In that case, Rental yield can go as low as 1+% and then limbo at that rate. Is all about mindset change with time.
The hunt is started? I am yet to see bargains around...
Singapore’s homebuyers to seek bargains on discounts disclosure
SINGAPORE (June 5): Singapore homebuyers will drive harder bargains in an already depressed housing market as new rules that require developers to disclose discounts and other perks unmask the actual value of properties for sale.
Starting Friday, the Urban Redevelopment Authority will publish weekly net prices on home transactions that will take into account incentives and rebates, such as those for stamp duties, to improve transparency.
“It will give homebuyers more bargaining opportunities,” said Donald Han, managing director at real estate broker Chesterton Singapore Pte. “Buyers are already asking for more perks, so this gives them additional information that they can use to negotiate a better price.”
...
http://www.theedgemarkets.com/sg/article...disclosure
Can go pick one up at the 37 defaulted marina collection which uob will have to auction off? Heh
sent from my Galaxy Tab S