Buy High and Sell Low

[richwang]

We all know the new launch is kind of over priced while re-sale market is dropping. So the buyers are falling into a trap of

Buy High and Sell Low.

But why?

Part of the reason is the rule for loan is different.

For a buyer with outstanding loans (including HDB loan), the official down payment is 40%. But it is only strictly enforced for re-sale units.
For new launch, it is still 20% down payment and followed by progressive payment.

To level the playing field, maybe new launch and re-sale should both be paying 30% down payment.

This will cause the new launch price to drop and re-sale price to increase. So average Singaporeans will have a better chance to

But Low and Sell High

Otherwise, only developers (and the land seller) will make money. That is not sustainable.

In HK, the down payment for any property is at least 30%.

Thanks,
Richard

[azeoprop]

Yah, for new projects if ur block is the last to be built, it might take more than 1 year after otp for the next 10% to be called.

Usually if ur block is at the entrance of the construction site, it will be the last to be built. :D

[Arcachon]

We all know the new launch is kind of over priced while re-sale market is dropping. So the buyers are falling into a trap of

Buy High and Sell Low.

But why?

Part of the reason is the rule for loan is different.

For a buyer with outstanding loans (including HDB loan), the official down payment is 40%. But it is only strictly enforced for re-sale units.
For new launch, it is still 20% down payment and followed by progressive payment.

To level the playing field, maybe new launch and re-sale should both be paying 30% down payment.

This will cause the new launch price to drop and re-sale price to increase. So average Singaporeans will have a better chance to

But Low and Sell High

Otherwise, only developers (and the land seller) will make money. That is not sustainable.

In HK, the down payment for any property is at least 30%.

Thanks,
Richard

Developers (and the land seller) don't make money, who do you think will build the Condo.

[testtest]

Buy low, sell high...then buy even higher...haha :cheers1:

[DC33_2008]

Yup. But not for multiple home owners.
Buy low, sell high...then buy even higher...haha :cheers1:

[testtest]

Yup. But not for multiple home owners.

Agree :cheers1:

[mcmlxxvi]

We all know the new launch is kind of over priced while re-sale market is dropping. So the buyers are falling into a trap of

Buy High and Sell Low.

But why?

Part of the reason is the rule for loan is different.

For a buyer with outstanding loans (including HDB loan), the official down payment is 40%. But it is only strictly enforced for re-sale units.
For new launch, it is still 20% down payment and followed by progressive payment.

To level the playing field, maybe new launch and re-sale should both be paying 30% down payment.

This will cause the new launch price to drop and re-sale price to increase. So average Singaporeans will have a better chance to

But Low and Sell High

Otherwise, only developers (and the land seller) will make money. That is not sustainable.

In HK, the down payment for any property is at least 30%.

Thanks,
Richard
what do you mean. for buyers with multiple properties new launch or old still cant take 80 percent loan what.