View Full Version : Flumning Chinese propoerties markets troubles may spilled over to Singapore
No Chinese developers bid for enbloc land sales recently as opposed to previous cycle.
https://www.channelnewsasia.com/business/chinas-yango-group-seeks-debt-forbearance-over-repayment-concerns-redd-2279756
Chinese developer already stop after the last cooling measure in July 2018.
https://www.mas.gov.sg/news/media-releases/2018/raising-additional-buyers-stamp-duty-rates-and-tightening-loan-to-value-limits
https://lh3.googleusercontent.com/proxy/bweEI4yYDHmlOQKEetuaoD-u9LekkXUQLMjdce3AAvxofsL-boVNZpWwWJ4YieaHDrDuGE5G2ZKQpP9XucjQ-3VZh4YDq4YJFLwe5xesy5jnhASDDHtLxezIWnPwaq7horbp9i9EKhfj7AxqAagAp00T4u4kcl4B9v3_EzjS6uvRjlss4mYOyfW3F8EyZLsOHY7pwPdKbwPbE0PuoA30pFe4BDWFlRzPCaL2xo89geQ-8KRchgJopu5acEnXvYUAI_hgzxBWH4eHDeJU3jg_tgPXxLc
For those good in math, Developer need to have more than 30% profit before they even think of coming in.
https://hollandproperty.com.sg/wp-content/uploads/price-gap-between-new-and-old-scaled.jpg
"Investor" can wait for the resale price to increase than they buy.
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