View Full Version : MM lovers! What do think this 11 Jan CM has on MM?
Since MM supply has been capped from previous CM, and if hdb owners wanna invest in pte property, mm having lower quantum will help as the impact of 7% ABSD will be not so sever, easier to get bank loan for the lower quantum (since the MSR has also been reduced, meaning can borrow less). So price will up? Down?
so now if buying 1st MM..monthly repayment cannot exceed 30% income?
Since MM supply has been capped from previous CM, and if hdb owners wanna invest in pte property, mm having lower quantum will help as the impact of 7% ABSD will be not so sever, easier to get bank loan for the lower quantum (since the MSR has also been reduced, meaning can borrow less). So price will up? Down?
Interesting perspective:47: ...never occur to my mind.
U certainly think far ahead...wise man!
Cyberknight
11-01-13, 21:12
Since MM supply has been capped from previous CM, and if hdb owners wanna invest in pte property, mm having lower quantum will help as the impact of 7% ABSD will be not so sever, easier to get bank loan for the lower quantum (since the MSR has also been reduced, meaning can borrow less). So price will up? Down?
MSR only affect hdb lah. Not private
CMs favours 1st home buyers. And if its your only home it would probably for to stay.
So MMs being primarily an investment property as it is generally unsuitable for families, my guess is that the demand may decline.
MM price will up as more demand due to increasing rentals sought by mtb folks
MSR only affect hdb lah. Not private
no, MSR applies to all residential properties
some cap at 35%
no, MSR applies to all residential properties
some cap at 35%
no leh...i think apply to HDB only
no, MSR applies to all residential properties
some cap at 35%
My read is that it is specific to public housing only
MM price will up as more demand due to increasing rentals sought by mtb folks
Agree. MMs will become more valuable.
buttercarp
11-01-13, 21:58
no, MSR applies to all residential properties
some cap at 35%
Should be for HDB only :
http://app.mof.gov.sg/newsroom_details.aspx?type=press&cmpar_year=2013&news_sid=20130111631950567992
11 The Government is also introducing measures to further moderate the demand for HDB flats, instil greater financial prudence among buyers, and require owner occupation by PR buyers. The following measures will take effect on 12 January 2013:
a) Tighter eligibility for loans to buy HDB flats:
i) MAS will cap the Mortgage Servicing Ratio (MSR) for housing loans granted by financial institutions2 (http://app.mof.gov.sg/newsroom_details.aspx?type=press&cmpar_year=2013&news_sid=20130111631950567992#footnotes) at 30% of a borrower’s gross monthly income3 (http://app.mof.gov.sg/newsroom_details.aspx?type=press&cmpar_year=2013&news_sid=20130111631950567992#footnotes) .
ii) For loans granted by HDB, the cap on the MSR will be lowered from 40% to 35%.
b) PRs who own a HDB flat will be disallowed from subletting their whole flat.
c) PRs who own a HDB flat must sell their flat within six months of purchasing a private residential property in Singapore.
------------------------------------------------------------------
I interpret it that if take bank loan than cannot be more than 30% , if take HDB loan then cannot be more than 35%.
Agree. MMs will become more valuable.
Valuable meaning increase in value? Ie. the psfs will go even higher than what they are now?
I doubt
property_finder
11-01-13, 22:06
MM price will up as more demand due to increasing rentals sought by mtb folks
Agree that price will go up. More buyers will target MMs since it is even more expensive to purchase larger units.
ikan bilis
11-01-13, 22:11
mm also cannot afford liow.... if i go buy mm ( as 3rd residential property) now, let's say $600K price....
- BSD 3% + ABSD 10% = 13% * 600,000 - 5400 = $72,600
- LTV = 40%, meaning $360K cash downpayment...
total cash needed $433K cash...
=> if small fish like me, no game play liow lah.... :( :(
phantom_opera
11-01-13, 22:14
ok, I finally finish reading what I think should call the 'CM To Kill'
http://upload.wikimedia.org/wikipedia/en/thumb/b/b0/LTK_-_UK_cinema_poster.jpg/220px-LTK_-_UK_cinema_poster.jpg
here is my opinion:
1. There will be near 100% chance of a correction (unless of course suddenly US economy very good, Dow chiong through the roof with inflation scare which is nearly impossible short term)
2. Big quantum unit will suffer more than smaller quantum units simply because of lower LTV and higher ABSD in absolute amount. CCR again will bear the brunt ... SC Global Simon Leung must be cursing
3. Imagine a SPRING, MM/EC/HDB are below, CCR is on top, this CM is like dropping a heavy iron bar on the spring to press it down :p
4. CCR will correct 10% ... that means back below 2007 pricing level, RCR probably 8%, OCR 5% and so on
5. Since price corrects, rental yield will increase ... spread over interest rate will increase and a new equilibrium price is established after 6 months
6. This will be the last CM as it badly affects the property developers, banks
7. This is the first time PAP deviates from its policy of allowing SC to hold HDB + 1 PC .... but this won't be for long as money will then flow to Malaysia or other countries that PAP will not like to see
8. If I read correctly, for 2nd property and beyond, cash payment of 25% is required thus CPF OA cannot be used for that 25% payment ....this is the ULTIMATE KILLER to developers and middle class HDB ugpraders :banghead:
9. Money will need to find other investment to hedge inflation ... high yield corp bond and REITs will be super hot but super-risky
10. Those holding multiple PCs hoping for fantastic capital appreciation now will be cursing ... rent out and wait liao ... OCR rental still ok ... CCR will be risky if SIBOR moves up
mm also cannot afford liow.... if i go buy mm ( as 3rd residential property) now, let's say $600K price....
- BSD 3% + ABSD 10% = 13% * 600,000 - 5400 = $72,600
- LTV = 40%, meaning $360K cash downpayment...
total cash needed $433K cash...
=> if small fish like me, no game play liow lah.... :( :(
Can always buy through proxy? Has this loop hole been covered?
ikan bilis
11-01-13, 22:20
ok, I finally finish reading what I think should call the 'CM To Kill'
here is my opinion:
1. There will be near 100% chance of a correction (unless of course suddenly US economy very good, Dow chiong through the roof with inflation scare which is nearly impossible short term)
2. Big quantum unit will suffer more than smaller quantum units simply because of lower LTV and higher ABSD in absolute amount. CCR again will bear the brunt ... SC Global Simon Leung must be cursing
3. Imagine a SPRING, MM/EC/HDB are below, CCR is on top, this CM is like dropping a heavy iron bar on the spring to press it down :p
4. CCR will correct 10% ... that means back below 2007 pricing level, RCR probably 8%, OCR 5% and so on
5. Since price corrects, rental yield will increase ... spread over interest rate will increase and a new equilibrium price is established after 6 months
6. This will be the last CM as it badly affects the property developers, banks
7. This is the first time PAP deviates from its policy of allowing SC to hold HDB + 1 PC .... but this won't be for long as money will then flow to Malaysia or other countries that PAP will not like to see
8. If I read correctly, for 2nd property and beyond, cash payment of 25% is required thus CPF OA cannot be used for that 25% payment ....this is the ULTIMATE KILLER to developers :banghead:
9. Money will need to find other investment to hedge inflation ... high yield corp bond and REITs will be super hot but super-risky
10. Those holding multiple PCs hoping for fantastic capital appreciation now will be cursing ... rent out and wait liao ... OCR rental still ok ... CCR will be risky if SIBOR moves up
bro... like your analysis, :cheers4: .... but i think price will still hold....
phantom_opera
11-01-13, 22:22
bro... like your analysis, :cheers4: .... but i think price will still hold....
China property market also went through correction after tough CMs introduced ... so u better pray that correction is only 10% ... for Echelon that means from 1800psf to 16xxpsf only mah, Sky Habitat will have to lower price to 1300psf lo
puffer_fish
11-01-13, 22:24
hi,
would anyone be kind to explain to me the possible scenario.
will more people and PR be selling off their HDB and this will reduce the HDB prices in a drastic manner?
will this increase the group of tenants as PR cant rent out HDB and tenants wont want to buy as too expensive ?
should i wait or start my buying process
thank you
Agree that price will go up. More buyers will target MMs since it is even more expensive to purchase larger units.
Really? you think so too?
MMs are mainly for investment.
Would paying a 7% "fine" be considered a savy investment decision.
With this kind of levy, I would think true investors would be looking elsewhere.
Other types of property will still have a market because there is still demand for upgraders and first time homeowners.
property_finder
11-01-13, 22:34
Really? you think so too?
MMs are mainly for investment.
Would paying a 7% "fine" be considered a savy investment decision.
With this kind of levy, I would think true investors would be looking elsewhere.
Other types of property will still have a market because there is still demand for upgraders and first time homeowners.
I am referring to upgraders too, especially those who want 'status' but do not really have lots of funds.
The "fine" that you mentioned will be even greater if this group of people purchase larger units, so they will purchase and squeeze into MMs instead.
buttercarp
11-01-13, 22:38
9. Money will need to find other investment to hedge inflation ... high yield
corp bond and REITs will be super hot but super-risky
Hi bro ghost, I agree with you that these forms of investments will be super hot but why will it be super risky?
phantom_opera
11-01-13, 22:40
Hi bro ghost, I agree with you that these forms of investments will be super hot but why will it be super risky?
that is because the yield is already super low and spread with SGS bond is very small e.g. 10y SGS bond is 1.4% while 10y corp bond is 3% and REIT 5%
if SIBOR suddenly turns up to 2% ... :banghead:
If there is liquidity, why would sibor goes up now? Plus with more cash upfront, wouldn't that increase cash holdings by banks?
If there is liquidity, why would sibor goes up now? Plus with more cash upfront, wouldn't that increase cash holdings by banks?
Yes. You are very right.
that is because the yield is already super low and spread with SGS bond is very small e.g. 10y SGS bond is 1.4% while 10y corp bond is 3% and REIT 5%
if SIBOR suddenly turns up to 2% ... :banghead:
I am actually looking to sell bonds and buy more stocks.
Cheers.
Really? you think so too?
MMs are mainly for investment.
Would paying a 7% "fine" be considered a savy investment decision.
With this kind of levy, I would think true investors would be looking elsewhere.
Other types of property will still have a market because there is still demand for upgraders and first time homeowners.
MM is still the easiest route to a private property for a HDB upgrader. Given the hefty amount needed upfront for investment, the pipeline of property for rental should slow down and those who still go ahead to buy have to raise their rental to cover the higher cost. Prop investors will move overseas, and the likely destination is JB for the average investor.
Let me give you a few reasons why MM as an asset class will never die.
1. Quantum - no further explanation needed
2. Affordability - to tenants. Pls do not even
mention hdb, as it is like comparing apples and oranges. People craving for apple's will not suddenly say oh I will have an orange instead.
3. Proven track record - for the past 7 yrs, only up up and up some more
4. Best profit - for developers, so they will always try their best to squeeze in MM units in any project if max profits are what they are after.
5. Tax benefits - vs holding on to only one large property, the subsequent units of your multiple MM allows you to offset costs incurred already for first tenants.
6. Risk reduction - vs leasing out one large init, if A can't find a tenant, B, C and D still have or can.
7. Liquidity - spreading your eggs over a few MM is akin to introducing some better liquidity into your portfolio.
7. This is the first time PAP deviates from its policy of allowing SC to hold HDB + 1 PC .... but this won't be for long as money will then flow to Malaysia or other countries that PAP will not like to see
not quite, bro. just that need to pay extra 7% and the extra down. if can afford, still can buy.
the true deviation is when they force SC to sell their HDB
phantom_opera
12-01-13, 09:50
not quite, bro. just that need to pay extra 7% and the extra down. if can afford, still can buy.
the true deviation is when they force SC to sell their HDB
Almost the same bcos 50pc ltv and 25pc cash for 2nd loan on top of 7pc absd
Dun forget the 65y old cap on loan
I think this CM is v powerful such tat difficult to guess what is going to happen to the price. But i do hear my friends whom mtb and stay hdb says the most affordable investmebt (if go into property) would be mm and are looking around. Reason being witht eh higher downpayment,the monthly mortgage is v low, so can sleep well.
Let me give you a few reasons why MM as an asset class will never die.
1. Quantum - no further explanation needed
2. Affordability - to tenants. Pls do not even
mention hdb, as it is like comparing apples and oranges. People craving for apple's will not suddenly say oh I will have an orange instead.
3. Proven track record - for the past 7 yrs, only up up and up some more
4. Best profit - for developers, so they will always try their best to squeeze in MM units in any project if max profits are what they are after.
5. Tax benefits - vs holding on to only one large property, the subsequent units of your multiple MM allows you to offset costs incurred already for first tenants.
6. Risk reduction - vs leasing out one large init, if A can't find a tenant, B, C and D still have or can.
7. Liquidity - spreading your eggs over a few MM is akin to introducing some better liquidity into your portfolio.
One important reason... User demand, by singles, overseas students, etc....
Hi bro ghost, I agree with you that these forms of investments will be super hot but why will it be super risky?
On the same day of the new CM, in the afternoon (before I heard about the news), the banker recommended me a new fund which ties up with REIT. He told me that it has a higher risk but the dividend is 8%. After the news, I don't think I will want to take the risk. Instead, I bought another one which ties up with local banks, telecoms, keppel Corp, F&N, Capitaland etc but the dividend is only 4%.
I am referring to upgraders too, especially those who want 'status' but do not really have lots of funds.
The "fine" that you mentioned will be even greater if this group of people purchase larger units, so they will purchase and squeeze into MMs instead.
Ya, not only to upgraders, there are other groups like singles, newly wed and retirees. I'm one of the groups, I might consider shifting to my MM unit once it TOP if my children are married by that time.
.....can get MM as a day-time base and buy big landed in JB.....then you can time your entry-exit when jam is clear....
so effectively, say get a $600K MM, and a SGD $400K(RM S1M) landed in JB....total SGD 1M.....you get MM 400sqft + JB landed 2500 sqft above?
.....can get MM as a day-time base and buy big landed in JB.....then you can time your entry-exit when jam is clear....
so effectively, say get a $600K MM, and a SGD $400K(RM S1M) landed in JB....total SGD 1M.....you get MM 400sqft + JB landed 2500 sqft above?
Keep a HDB for that lah, MMs are way too expensive to be used as a transit home.
Keep a HDB for that lah, MMs are way too expensive to be used as a transit home.
....depends on how you look at it..... MM with facilities and securities and nice basement carpark is more comfortable for some....HDB is an alternative no doubt for more basic transit.
Did anyone see this cm as win-win situation for tenant and landlord ?
more foreigner will rent due to higher purchase price. So they hang on their purchase and rent.
I think this CM is v powerful such tat difficult to guess what is going to happen to the price. But i do hear my friends whom mtb and stay hdb says the most affordable investmebt (if go into property) would be mm and are looking around. Reason being witht eh higher downpayment,the monthly mortgage is v low, so can sleep well.
This is not proper investing, it is investing for the sake of investing.
Yes there will be such people around, die die must buy property even when it doesn't make sense. 7% loss at the start and a hefty 50% downpayment
....depends on how you look at it..... MM with facilities and securities and nice basement carpark is more comfortable for some....HDB is an alternative no doubt for more basic transit.
Even before today's prices, it is unlikely anybody will buy an MM as a transit home..
Many that commute to Malaysia rent rooms in HDBs as a transit point. They work here but their family home is in Malaysia, many in JB, Malacca and even KL
Many Malaysian PRs even own HDBs but rent them out. They instead rent rooms for transit and commute to their more luxurious homes up North across the border.
I am referring to upgraders too, especially those who want 'status' but do not really have lots of funds.
The "fine" that you mentioned will be even greater if this group of people purchase larger units, so they will purchase and squeeze into MMs instead.
??? no. for bigger condo units, upgraders can actually use it for own stay. Some of them will sell of their HDB and avoid the 7% ABSD.
For MM, pure investment purposes. NOBODY will sell HDB to squeeze into MM. Sure kenna 7%.
not quite, bro. just that need to pay extra 7% and the extra down. if can afford, still can buy.
the true deviation is when they force SC to sell their HDB
actually this is what they are doing.
I think PAP realise their previous CM is making EVERYONE hold on to their HDB, resale supply totally collapse.
Now, there slap a 7% ABSD on EVERY HDB owner who want to buy a condo.
Example, your HDB is 500k now. You want to buy a 1.3mil condo. 7% ABSD is like 90k.
Will 90k encourage you to sell your 500k HDB? Or do you think that HDB will appreciate by more than 20% in the future (taking into account that it is 99 years...).
For PRs, it is 10% ABSD and it is like 130k so it is even a stronger push factor. I think most PRs will sell their HDB if they get a condo.
Whatever it is, it is a right step towards getting more supply into the HDB resale market.
Did anyone see this cm as win-win situation for tenant and landlord ?
more foreigner will rent due to higher purchase price. So they hang on their purchase and rent.
It is better for investors who hold their properties for long term.
Prices may drop due to measures but it does not bother me at all when i do not intend to sell. I am more concern about economy growth and unemployment rate.
This is not proper investing, it is investing for the sake of investing.
Yes there will be such people around, die die must buy property even when it doesn't make sense. 7% loss at the start and a hefty 50% downpayment
Almost 7+3% loss.
Super duper game over for me.
I will have to cough out 72% in total and loan only max 40% if I am to buy anything now.
Even for a cheap 500k MM, that's 360k upfront.
I think recent measures also may kill MM
with such restrictions such that SC can only own 1 property and need to pay ABSD on the 2nd, it makes sense for people to go for larget ticket items such as 2-3BR if they want to have a meaningful exposure in the property market while avioding ABSD
Esp for
1) SC who dont own any property and stay in spouse property or parents: Next investment item will be 3BR. S$1.2m exposure, no ABSD
2) HDB upgraders - need to buy 3BR and sell HDB. no absd
phantom_opera
13-01-13, 13:56
La fiesta mm sold out first, near mrt will hold very well
.....can get MM as a day-time base and buy big landed in JB.....then you can time your entry-exit when jam is clear....
so effectively, say get a $600K MM, and a SGD $400K(RM S1M) landed in JB....total SGD 1M.....you get MM 400sqft + JB landed 2500 sqft above?
Many many years back, one of my friends bought a farming land in JB, then M'sia law changed, singaporean are not allowed to own a land in JB, so he had no choice, gave the whole land to his relative. :scared-1: his relative "tang tiao". I don't know why he gave it away instead of sell away, maybe because of the law also. Not sure about the M'sia law now, better check before commit. My sister also bought 2 pc in JB, don't know why, she also sold it away.
Super duper game over for me.
I will have to cough out 72% in total and loan only max 40% if I am to buy anything now.
Even for a cheap 500k MM, that's 360k upfront.
As an investment, I think it's over for a lot of people with any sense and has run out of loopholes.
Many many years back, one of my friends bought a farming land in JB, then M'sia law changed, singaporean are not allowed to own a land in JB, so he had no choice, gave the whole land to his relative. :scared-1: his relative "tang tiao". I don't know why he gave it away instead of sell away, maybe because of the law also. Not sure about the M'sia law now, better check before commit. My sister also bought 2 pc in JB, don't know why, she also sold it away.
...and you believe he actually gave it away?
When did your sis buy and when did she sell? .....what you vaguely mentioned makes no head or tail one.....
Even before today's prices, it is unlikely anybody will buy an MM as a transit home..
Many that commute to Malaysia rent rooms in HDBs as a transit point. They work here but their family home is in Malaysia, many in JB, Malacca and even KL
Many Malaysian PRs even own HDBs but rent them out. They instead rent rooms for transit and commute to their more luxurious homes up North across the border.
...what make you so sure nobody buy MM as transit.......I would use my MM as transit, rent out my PC and buy a landed in JB.....just waiting for TOP first...
phantom_opera
13-01-13, 16:04
Dare2 u brought up an interesting pt especially if next time SPr can't rent out hdb, so near causeway mrt mm will be in high demand, near Thomson line MM ??
As an investment, I think it's over for a lot of people with any sense and has run out of loopholes.
In theory, yes. does not make sense as an investment with big capital outlay and a significant negative balance upfront.
Resales will definitely suffer.
However for new launches, as we have seen, when developers start giving "discounts" of 5-10% to cover the ABSD, the investor crowd will gradually return, with the capital outlay as the only limiting factor.
Dare2 u brought up an interesting pt especially if next time SPr can't rent out hdb, so near causeway mrt mm will be in high demand, near Thomson line MM ??
...those Single professionals SPRs who are not be eligible to get HDBs is one niche group.
...those who can afford but could not make sense of LH high quantum units also.
....those who value privacy, especially ladies might find renting a room as suggested....inconvenient...
....hopefully the govt would also decide to extend DTL which ends at Bt Panjang all the way to Woodlands....
Dare2 u brought up an interesting pt especially if next time SPr can't rent out hdb, so near causeway mrt mm will be in high demand, near Thomson line MM ??
Thomson line detailed drawings!! Huge file.
By LTA
http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicTransport/files/tsl-station-maps.pdf
By the way, there's no east coast line. It will just be an extension of Thomson line. See the last slide where marina bay's station connects to marina east? You guys go figure the rest.
Thomson line detailed drawings!! Huge file.
By LTA
http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicTransport/files/tsl-station-maps.pdf
the curve end at the southern tip looks like they are ready to connect to the Eastern Region Line.
Dare2 u brought up an interesting pt especially if next time SPr can't rent out hdb, so near causeway mrt mm will be in high demand, near Thomson line MM ??
Yup, those town area thomson line stations mm! Convenient to work, coneient to go up causeway!
It is both ways. Malaysian can also come down and go back up quickly. :scared-4:
Yup, those town area thomson line stations mm! Convenient to work, coneient to go up causeway!
Super duper game over for me.
I will have to cough out 72% in total and loan only max 40% if I am to buy anything now.
Even for a cheap 500k MM, that's 360k upfront.
Imagine 500k mm already need 360k upfrpnt, wat more 2bdrm, 3 bdrm pc! Scary. Those would be killed first of there is any massacre.
The latest CM intends to kill all, MM is not an exception.
We need to wait, wait, wait until the "temporary" measures to be removed (after the property market drops more than expected).
Cheers!
Richard
...and you believe he actually gave it away?
When did your sis buy and when did she sell? .....what you vaguely mentioned makes no head or tail one.....
OK, OK, my sister needed the money so she sold it away lor.:D :rolleyes:
Even my Malaysia sister-in-law (now SC) will not buy a ppty in her hometown where there is no one there to help to look after. Not sure about the law now, maybe much better lor.
OK, OK, my sister needed the money so she sold it away lor.:D :rolleyes:
Even my Malaysia sister-in-law (now SC) will not buy a ppty in her hometown where there is no one there to help to look after. Not sure about the law now, maybe much better lor.
Iris-sis, u really have a lot of relatives hor. Good to hear from you and your stories as we get to learn from others' experiences.
...those Single professionals SPRs who are not be eligible to get HDBs is one niche group.
...those who can afford but could not make sense of LH high quantum units also.
....those who value privacy, especially ladies might find renting a room as suggested....inconvenient...
....hopefully the govt would also decide to extend DTL which ends at Bt Panjang all the way to Woodlands....
Single lady just need to find a boy friend move in. Solved!
Iris-sis, u really have a lot of relatives hor. Good to hear from you and your stories as we get to learn from others' experiences.
My in-law family is a multi-national family:D . I have 2 Malaysian sister-in-laws and 1 Indonesian sister-in-law. My mother-in-law has only 1 Singaporean daughter-in-law and that's me:D .
My sister also has a Malaysian, China and a Singaporean daughter-in-laws .
My own grandfather had 3 wives, so can imagine, how many relatives I have, but most of them lost contact already.
My mother-in-law side has 9 siblings and her adopted family has 6 siblings and she, herself has 9 children.:scared-1: Very big family right, hahaha.
Both my grandfather and mother-in-law were born in Indonesia.
My in-law family is a multi-national family:D . I have 2 Malaysian sister-in-laws and 1 Indonesian sister-in-law. My mother-in-law has only 1 Singaporean daughter-in-law and that's me:D .
My sister also has a Malaysian, China and a Singaporean daughter-in-laws .
My own grandfather had 3 wives, so can imagine, how many relatives I have, but most of them lost contact already.
My mother-in-law side has 9 siblings and her adopted family has 6 siblings and she, herself has 9 children.:scared-1: Very big family right, hahaha.
Both my grandfather and mother-in-law were born in Indonesia.
LOL .... Like that u win already! I was telling some forummers yday that I enjoyed reading your sharings and stories...
mcm - pls add irisng as the relative-X in your next compilation!
LOL .... Like that u win already! I was telling some forummers yday that I enjoyed reading your sharings and stories...
mcm - pls add irisng as the relative-X in your next compilation!
Aiyoh, so paiseh leh, you all believe my stories huh?:D But is true lor.:ashamed1:
Many many years back, one of my friends bought a farming land in JB, then M'sia law changed, singaporean are not allowed to own a land in JB, so he had no choice, gave the whole land to his relative. :scared-1: his relative "tang tiao". I don't know why he gave it away instead of sell away, maybe because of the law also. Not sure about the M'sia law now, better check before commit. My sister also bought 2 pc in JB, don't know why, she also sold it away.
Foreigners are not allowed to own agriculture lands
Foreigners are not allowed to own agriculture lands
I think before that, they were allowed, if not how my friend bought the land, he paid for S$30k-S$50k (if I'm not wrong) and asked his relative to help to take care of it. Then later, the govt changed the law that Singaporean are not allowed to own the agricultural land, so he transferred his name to his relative :scared-3:.
buttercarp
13-01-13, 18:54
My in-law family is a multi-national family:D . I have 2 Malaysian sister-in-laws and 1 Indonesian sister-in-law. My mother-in-law has only 1 Singaporean daughter-in-law and that's me:D .
My sister also has a Malaysian, China and a Singaporean daughter-in-laws .
My own grandfather had 3 wives, so can imagine, how many relatives I have, but most of them lost contact already.
My mother-in-law side has 9 siblings and her adopted family has 6 siblings and she, herself has 9 children.:scared-1: Very big family right, hahaha.
Both my grandfather and mother-in-law were born in Indonesia.
LOL.... I got lost reading the dense luxuriant family tree of yours!
But I also enjoy reading your stories.
LOL.... I got lost reading the dense luxuriant family tree of yours!
But I also enjoy reading your stories.
Ya... I don't even dare to try to start counting lol
LOL .... Like that u win already! I was telling some forummers yday that I enjoyed reading your sharings and stories...
mcm - pls add irisng as the relative-X in your next compilation!
Pls don't, I like to keep myself low-profile, don't want to be popular. 小人物的心声 - 平凡也是一种幸福.:o
Ya... I don't even dare to try to start counting lol
Even I also lost track, hahaha. Some of them I never see them before because they lived in Indonesia or already not in this world. If one day, I happen to talk to a stranger on the road, whose know, they might be one of my relatives' children or grandchildren:D .
Sis iris, after u move in to your MM lets meet for Rochor beancurd lol.....
I should be moving into the area 2nd half this year.
Sis iris, after u move in to your MM lets meet for Rochor beancurd lol.....
I should be moving into the area 2nd half this year.
I feel shy to meet anyone from this forum leh.:ashamed1:
平凡也是一种幸福
nowadays, it is also not easy to stay as 平凡
everything needs $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
I feel MM units in good location such as urban areas and sub urban areas will be good. As for MM units in those more place away from city.. I feel really a bit hard.. At least for me, in those areas, I can rent a 4-room HDB for the price of a MM units... so which one will u choose?
平凡也是一种幸福
nowadays, it is also not easy to stay as 平凡
everything needs $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
钱不是万能, 但无钱是万万不能, sign......
平凡 in a sense to lead a "normal" life. Too popular, people will have the interest to dig into your private life, like those celebrity, cannot do anything wrong, once wrong, seems like everybody in the world will know.:o
Imagine 500k mm already need 360k upfrpnt, wat more 2bdrm, 3 bdrm pc! Scary. Those would be killed first of there is any massacre.
500K only need 25K cash, another 75K cpf for first timer....so why not? especially singles.
MM will attract young 1st timers.
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