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2013 is definitely a watershed year.
Most of the article contains data that we already well aware.
It's a good summary and level set anyone who is keen in buying property:
Ong reported:
1. Prices expected to moderate, but severe corrections not likely
2. FY13, price could dip up to 3%
3. Recent launches such as Duo Residences, Inflora and Sky Vue drew keen interest from buyer
4. Owner and developers still have holding power and there is unlikely to be widespread distress sales "although price resistance has set in and certain areas could see prices weakening"
5. Estimate 77,000 private non-landed homes and ECs will be completed in the next three years.
6. As price fall, "buyers looking out for good deals may still come back to the market". and prices could be supported by attrative projects expected to launch in the first half of 2014. such as for the site at Kim Tian Road.
7. more Singaporean investors are heading overseas amid high prices and stringent property measures.
++++++++++++++
I think this is a good summary for FY13.
I'm eagerly looking forward to FY14.
The skies the limit.
Most of the article contains data that we already well aware.
It's a good summary and level set anyone who is keen in buying property:
- TDSR: the game changer; all ppty loans must stay within 60% of all monthly debt obligations to monthly gross income.
- TDSR interest rate calculation: 3.5% residential; 4.5 commercial (instead of bank interest rate)
- MSR: max 35% from HDB; max 30% from bank (apply to EC after 10 Dec 2013)
- ABSD: SGP (0, 7, 10); PR (5, 10); FR(15) + 3% stamp duty
- LTV: 50% for 2nd loan; 40% for 3rd onward; 20% for company loan
- Weighted age & Guarantor: Guarantor must be a joint owner and included in the calculation of average age
Ong reported:
1. Prices expected to moderate, but severe corrections not likely
2. FY13, price could dip up to 3%
3. Recent launches such as Duo Residences, Inflora and Sky Vue drew keen interest from buyer
4. Owner and developers still have holding power and there is unlikely to be widespread distress sales "although price resistance has set in and certain areas could see prices weakening"
5. Estimate 77,000 private non-landed homes and ECs will be completed in the next three years.
6. As price fall, "buyers looking out for good deals may still come back to the market". and prices could be supported by attrative projects expected to launch in the first half of 2014. such as for the site at Kim Tian Road.
7. more Singaporean investors are heading overseas amid high prices and stringent property measures.
++++++++++++++
I think this is a good summary for FY13.
I'm eagerly looking forward to FY14.
The skies the limit.
感恩 26 April 2019 Straco AGM ppt https://valuebuddies.com/thread-2915-pos...#pid152450