View Full Version : DEVELOPER CANNOT ABSORB EXTRA 10% STAMP DUTY
Property developers
countering govt policy
From
Edwin Lim
The extra stamp duty of 10 per cent
was introduced in December to curb
excessive foreign investment in private
residential property. This cooling
measure has failed. New private home
sales last month were the strongest in
nearly three years.
One possible reason is the increasingly
common practice by property
developers to absorb the extra stamp
duty as part of their marketing strategy,
visibly offered as a carrot to potential
buyers in their advertisements
of property launches.
If a government policy could be
circumvented this easily, then it has
lost its effectiveness. The Government
should make it illegal for property developers
to absorb any stamp duty.
这就是所谓的
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道高一尺
魔高一丈
lol...you cannot turn back already..
govt. sibei clever to create this kind of scenario.
If developer cannot sell their new launches, where to find money to buy more land from the garment. Garment is the winner!;)
Allthepies
31-05-12, 12:55
when majority of buyers now r sin and spr, of course no effects la.. :doh:
when majority of buyers now r sin and spr, of course no effects la.. :doh:
wait for spain to get burst..
we might see more spainish ladies on our island :D
It may apply to those multiple property owners too.
when majority of buyers now r sin and spr, of course no effects la.. :doh:
Allthepies
31-05-12, 13:36
It may apply to those multiple property owners too.
the author is putting the blames on the excessive foreign buying
Knew that.
the author is putting the blames on the excessive foreign buying
TheOnlyGayInTheVillage
31-05-12, 14:29
wait for spain to get burst..
we might see more spainish ladies on our island :D
Probably u see Spanish flies here first. We alreadynhave a Spanish Village.
TheOnlyGayInTheVillage
31-05-12, 14:30
Technically you cant stop them giving whatever form of rebates to buyers as long as buyers willing to fork out first for the legal paperwork to go thru.
People dont get sued for giving extra fishball or belacan with your noodles.Or rather, giving you 20cent discount for being loyal customer.
You are not wrong. The problem with developer is they will mark up and give you the 5%+3+2...discount. They still win.
Technically you cant stop them giving whatever form of rebates to buyers as long as buyers willing to fork out first for the legal paperwork to go thru.
People dont get sued for giving extra fishball or belacan with your noodles.Or rather, giving you 20cent discount for being loyal customer.
TheOnlyGayInTheVillage
31-05-12, 14:56
You are not wrong. The problem with developer is they will mark up and give you the 5%+3+2...discount. They still win.
Correct. No matter what measures the govt n dev always win.
TheOnlyGayInTheVillage
31-05-12, 14:57
这就是所谓的
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道高一尺
魔高一丈
I think they need to add a LIKE thumbs up icon to the forum...
if trend continues more and more unhappy sporeans will shift to HOUGANG...:scared-1::D:cool:
bakasa2002
31-05-12, 15:26
if trend continues more and more unhappy sporeans will shift to HOUGANG...:scared-1::D:cool:
Or Aljunied. :)
TheOnlyGayInTheVillage
31-05-12, 15:28
Or Aljunied. :)
This said GRC has a lot of D19 MM new launches. Mai tu liao
if trend continues more and more unhappy sporeans will shift to HOUGANG...:scared-1::D:cool:
just stay on and make your current GRC under opposition team in the next election lor..
so easy..:cheers5:
I think you all are mistaken.
For every KPKB person shouting, there are 100 more happily watching their property prices escalating. Though these people also join in the complain, but they certainly fear that government really listen and crash the property market.
Just ask yourself la! For the property u are calling home now, if price goes up 10%, even if u cannot sell, wont u be happier ?
Remember : There are MORE property owners in Singapore THAN property wannabeowners.
DKSG
Allthepies
31-05-12, 20:49
I think you all are mistaken.
For every KPKB person shouting, there are 100 more happily watching their property prices escalating. Though these people also join in the complain, but they certainly fear that government really listen and crash the property market.
Just ask yourself la! For the property u are calling home now, if price goes up 10%, even if u cannot sell, wont u be happier ?
Remember : There are MORE property owners in Singapore THAN property wannabeowners.
DKSG
thumbs up:) these property wanabeowners will become property owners in future .they also wont want their own properties to crash.
It may apply to those multiple property owners too.Singaporeans 3% ABSD is not as frightening as 10% so some locals might still be willing to pay for it. ;)
At 10% ABSD, foreigners can just parked their $ in mass market project. Not necessary to be in $$$ district 9,10,11
I never understand this thread!
If they dont absorb stamp duty, then they give furniture vouchers, NTUC vouichers, Cold Storage vouchers, etc.
Why so entrenched just because they call it "absorb" stamp duty ?
They can also "abosrb" your current credit card bills up to the amount of stamp duty also can! Like that you happier ?
DKSG
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