Discussion : Singapore Property

[triton]

bottom line is either way, someone makes money.

[116520]

Honestly, property DID went up but places like HK, Beijing, shanghai, etc also went up. The question of "too late" is arguable. If property goes up a little and govt starts all measures then can we catch up with other markets? Don't forget that we are living a free world.

I believe that it doesn't matter if you bought high, it matters if your property can never sell high.....

True but it's too little too late. Go up so high then wana put in measures. Then those who bought high, do u think they will be happy? Will they let the Market dip?

[jazz_samz]

True but it's too little too late. Go up so high then wana put in measures. Then those who bought high, do u think they will be happy? Will they let the Market dip?

[116520]

I am wondering why whatever our govt does, there are ppl who for sure not happy one?

[surestik]

Looks like he gotten himself a new found talent : Able to do forecasting like his father. LMAO!!

[pet]

SINGAPORE : There may be no property bubble yet, but Prime Minister Lee Hsien Loong on Sunday said recent moves to curb speculation were necessary to avoid more drastic action later on.

Packed showrooms and fast-rising prices have become a concern for authorities, who introduced new measures on Friday to cool the property market before things got out of hand.

A Seller's Stamp Duty is imposed on all residential properties sold within one year of purchase, while loans from financial institutions are capped at 80 per cent.

At a Lunar New Year dinner at Teck Ghee in his constituency of Ang Mo Kio, Mr Lee said that while the government cannot control property prices, it can ensure prices remain affordable.

Mr Lee said: "Please take good care of it. Do not think of selling it prematurely, or making a quick buck. Because if you sell it and you can't find another house to stay or you do not have a nest egg for your old age, that is big trouble."

Mr Lee said that one's home is a long-term investment, whether as a buffer against old age, or to be passed on to one's children or grandchildren.

But this brought him to another concern - that Singaporeans are not reproducing enough.

Mr Lee noted that Singapore's low birth rate is a reflection of fundamental changes taking place across Asia.

The Total Fertility Rate fell to 1.23 last year - with the rate among Chinese Singaporeans even lower at 1.09.

In China for instance, some young adults even advertise for make-believe girlfriends and boyfriends to hold off family pressure over the Lunar New Year.

Mr Lee said: "It is amusing but it is also sad. I am relieved that I have not heard of any reports of boyfriends or girlfriends for rent in Singapore. I hope it does not happen. But I know that young people do feel some pressure."

Mr Lee added that some social pressure may be useful, but it is family support that will give young Singaporeans a nudge in the right direction.

gov of cos know ppl tulan prop price up...u think gov stupid ah....??

but sometimes tcss...hahahhaa

' government cannot control property prices ' .... ai or mai nia.. where got cannot...

' Do not think of selling it prematurely, or making a quick buck. Because if you sell it and you can't find another house to stay or you do not have a nest egg for your old age, that is big trouble. .....one's home is a long-term investment....' ....of cos they also know prop price up, ppl also cannot sell or make $$ cos, sell leow no where to stay.... prop increase jia lark for all ( well, not the elite, but the majority )

'Singaporeans are not reproducing enough' .. cannot afford house, how to hv kids...furthermore hse getting smaller.... siow, treat the roots lah... hmmmmm......but Sir, me going to hv 4th... i helping abit leh...can increase 4th child CDA to 18k or not....hahhaa hahahhaha

'I have not heard of any reports of boyfriends or girlfriends for rent in Singapore' .... ah oh, u start one for rent website loh... hahahhaa... recuit ppl for assignment

[louisoh]

Measures to cool property market needed to avoid drastic measures later: PM Lee

SINGAPORE : There may be no property bubble yet, but Prime Minister Lee Hsien Loong on Sunday said recent moves to curb speculation were necessary to avoid more drastic action later on.

Packed showrooms and fast-rising prices have become a concern for authorities, who introduced new measures on Friday to cool the property market before things got out of hand.

A Seller's Stamp Duty is imposed on all residential properties sold within one year of purchase, while loans from financial institutions are capped at 80 per cent.

At a Lunar New Year dinner at Teck Ghee in his constituency of Ang Mo Kio, Mr Lee said that while the government cannot control property prices, it can ensure prices remain affordable.

Mr Lee said: "Please take good care of it. Do not think of selling it prematurely, or making a quick buck. Because if you sell it and you can't find another house to stay or you do not have a nest egg for your old age, that is big trouble."

Mr Lee said that one's home is a long-term investment, whether as a buffer against old age, or to be passed on to one's children or grandchildren.

But this brought him to another concern - that Singaporeans are not reproducing enough.

Mr Lee noted that Singapore's low birth rate is a reflection of fundamental changes taking place across Asia.

The Total Fertility Rate fell to 1.23 last year - with the rate among Chinese Singaporeans even lower at 1.09.

In China for instance, some young adults even advertise for make-believe girlfriends and boyfriends to hold off family pressure over the Lunar New Year.

Mr Lee said: "It is amusing but it is also sad. I am relieved that I have not heard of any reports of boyfriends or girlfriends for rent in Singapore. I hope it does not happen. But I know that young people do feel some pressure."

Mr Lee added that some social pressure may be useful, but it is family support that will give young Singaporeans a nudge in the right direction.

[seiko.citizen]

your not the only country to suffer from it .

[Watcha]

More tax = more excess = management good = economy good = bonus + pay increment.

[seiko.citizen]

This are HDB and not private homes. Which are not subjected to speculations and profiteering. Which i felt it is unfair to penalise HDB home owners. It's fairer to tax the seller higher tax from the capital gains they had profited.

I understand the difference between HDB and private. HDB prices like it or not are in correlation with private houses . private house go up, HDB will put up their prices by a correlated amount.

Afterall, one must remember that, HDB or not, the market forces exist. You want to buy HDB (subsidised) sure, but it will always be a percentage of the the current market price in the given area.

[Nooch]

Our salaries go up??? hahaha, many yrs maybe,,,ya MP's allowance confirm go up alot...sad

[Muachee]

WTF!



sigh...when will my salary go up?


sigh....................

Your salary i donno, with all the news in these 2 weeks, one thing i can assure you is MP's salary going to go up ....

[exxondus]

Well, now that I have more details, the rationale seems to bank on the fact that rental and resale prices have increased, so why should the tax increase be imposed on folks who don't wish to rent or sell their flats?

It's like (...here I go again...) getting taxed for owning a Panerai or IWC because it's demand and prices have increased from two years ago, wtf, right?!

shhhh don give them more ideas!!!

[toffeesthings]

Well, now that I have more details, the rationale seems to bank on the fact that rental and resale prices have increased, so why should the tax increase be imposed on folks who don't wish to rent or sell their flats?

It's like (...here I go again...) getting taxed for owning a Panerai or IWC because it's demand and prices have increased from two years ago, wtf, right?!

[Frogmen]

dont worry, Oz has the same problem. stamp duty + capital gains all up

This are HDB and not private homes. Which are not subjected to speculations and profiteering. Which i felt it is unfair to penalise HDB home owners. It's fairer to tax the seller higher tax from the capital gains they had profited.