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Thread: New Cooling Measures

  1. #1
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    Default New Cooling Measures

    Been informed that there will be further cooling measures coming this week targeting at investors with multiple property purchase. heresay is 10% ABSD and 50% LTV.

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    Finally ... is it on Thursday again??

    If it is true, expect panic selling by developers this week b4 Thursday
    Ride at your own risk !!!

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    你是指一次过购买多间吗?还是同时拥有多间?

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    Quote Originally Posted by phantom_opera
    Finally ... is it on Thursday again??

    If it is true, expect panic selling by developers this week b4 Thursday

    hearsay is thursday as well. what up with this thursday thingy? after 5pm?

  5. #5
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    Isn't 10% ABSD the current measure? So what's new is the reduction of another 10% LTV from 60% to 50% for second property and beyond (if first still under mortgage) right?

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    Published May 14, 2012
    Rising home prices still a concern outside Central region: MND
    By
    Angela Tan






    Minister of National Development Khaw Boon Wan told parliament on Monday that although private housing prices have started to stabilise in the Central Region, they are still rising for mass market properties outside the Central Region.


    Mr Khaw also cited another concern that there is an increasing number of shoe-box units being sold by developers in the suburbs even though their appeal to tenants remains untested. "We will continue to monitor these developments closely and will not hesitate to take action, if necessary, to ensure that the housing market remains stable and sustainable,'' Mr Khaw said.

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    后港提名日是星期四?可能是为重选打强心针?

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    SINGAPORE: Singapore property giant SC Global Developments has acquired about two million square feet of seafront land in Bali.

    The site, atop a cliff overlooking the Indian Ocean, could potentially be developed into a villa resort and hotel.

    The firm has also acquired Singapore-incorporated companies Lotusvale and Tannerson.

    In all, the acquisitions are worth about US$32.5 million.

    SC Global Developments' Board of Directors says the move is a viable investment enabling the firm to diversify into a new location and participate in Indonesia's rapidly developing market.

    The acquisitions will be funded by internal resources of the company and are not expected to have any material impact on consolidated earnings and net tangible assets per share for the current financial year.

    => even SC Global thinks it is time to diversify, high end Bali seafront condo ... something like Nikko Bali Resort?? I want
    Ride at your own risk !!!

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    Quote Originally Posted by carbuncle
    后港提名日是星期四?可能是为重选打强心针?
    后港提名日是星期三, 16 May.

  10. #10
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    Currently 10% for foreigners, SC & PR 3%. If 3% jump to 10% the ultimate Anti-Brake Scheme. kekeke

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    10% really killer, developers will not be able to absorb anymore. I believe it is probably tier-based and anti-MM (won't affect CAPL) i.e.

    MM < 500sqft - 10%
    2br 500-600sqft - 8%
    1br 500-600sqft - 6%
    Ride at your own risk !!!

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    Quote Originally Posted by maisonjai
    Currently 10% for foreigners, SC & PR 3%. If 3% jump to 10% the ultimate Anti-Brake Scheme. kekeke
    是这样吗?这里有钱人多的是咧!!区区一成小意思啦!

  13. #13
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    Quote Originally Posted by Ringo33
    Been informed that there will be further cooling measures coming this week targeting at investors with multiple property purchase. heresay is 10% ABSD and 50% LTV.
    this should have little impact on the mass market segment, since hdb-upgraders make up the bulk of the buyers (if what is reported in the media is true)

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    Quote Originally Posted by pengful
    后港提名日是星期三, 16 May.
    啊。。。谢谢你。。。

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    quick question, whenever MAS introduce cooling measures, do they use OTP date or exercise date as the cut off date?

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    There will be a heavy outflow of monies.....and little inflow...is that what the Govt wants?

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    Quote Originally Posted by Ringo33
    quick question, whenever MAS introduce cooling measures, do they use OTP date or exercise date as the cut off date?
    应该是前者,后者你无法控制。。。

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    Quote Originally Posted by Laguna
    There will be a heavy outflow of monies.....and little inflow...is that what the Govt wants?
    nope, plus it's like using a blowtorch to hammer a nail. wrong tool for the problem.

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    I will place my bet in this place given the underground geological & terrorxxt activities.
    Quote Originally Posted by phantom_opera
    SINGAPORE: Singapore property giant SC Global Developments has acquired about two million square feet of seafront land in Bali.

    The site, atop a cliff overlooking the Indian Ocean, could potentially be developed into a villa resort and hotel.

    The firm has also acquired Singapore-incorporated companies Lotusvale and Tannerson.

    In all, the acquisitions are worth about US$32.5 million.

    SC Global Developments' Board of Directors says the move is a viable investment enabling the firm to diversify into a new location and participate in Indonesia's rapidly developing market.

    The acquisitions will be funded by internal resources of the company and are not expected to have any material impact on consolidated earnings and net tangible assets per share for the current financial year.

    => even SC Global thinks it is time to diversify, high end Bali seafront condo ... something like Nikko Bali Resort?? I want

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    Quote Originally Posted by Laguna
    There will be a heavy outflow of monies.....and little inflow...is that what the Govt wants?
    With the bulk of the buying coming from locals, there is not much of an inflow from foreign buying anyway. If the government is concern about out outflow, the 10% of ABSD on foreign buying would not have been implemented in Dec 11.

    Maybe you see something I didn't.

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    Quote Originally Posted by Leeds
    With the bulk of the buying coming from locals, there is not much of an inflow from foreign buying anyway. If the government is concern about out outflow, the 10% of ABSD on foreign buying would not have been implemented in Dec 11.

    Maybe you see something I didn't.
    perhaps there's something that isn't reported in the media. maybe the HDB-upgraders buying mass market projects are mostly FTs and PRs

  22. #22
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    A recent transaction of a landed promptly near place is sold to someone with a hub address. They are quite well off. They should really monitor these group of people. There are many in Watertown project too.
    Quote Originally Posted by eng81157
    perhaps there's something that isn't reported in the media. maybe the HDB-upgraders buying mass market projects are mostly FTs and PRs

  23. #23
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    Quote Originally Posted by carbuncle
    是这样吗?这里有钱人多的是咧!!区区一成小意思啦!
    40% Dp + 10% ABS + 3% stamp is no joke wor. Sup sup shui for some. heh

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    I understand tt e govt has prepared a list of plots to b sold this year. Such a CM will kill off developers' interest, price, land revenue n supply of new units. I doubt it will b announced so soon. If there really is one, it might b a small one.

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    Quote Originally Posted by hyenergix
    I understand tt e govt has prepared a list of plots to b sold this year. Such a CM will kill off developers' interest, price, land revenue n supply of new units. I doubt it will b announced so soon. If there really is one, it might b a small one.
    if you have intention to buy 3rd or more property, better be quick..

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    The same rumour was spread 1-2 months back.

    So, we just wait until Thurs lor...

    CMs weed out weak players in the market, help bring the price down a bit.

    Then the rest who can afford get to buy at lower price!

    WooHoo!

    DKSG

  27. #27
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    Quote Originally Posted by DKSG
    The same rumour was spread 1-2 months back.

    So, we just wait until Thurs lor...

    CMs weed out weak players in the market, help bring the price down a bit.

    Then the rest who can afford get to buy at lower price!

    WooHoo!

    DKSG
    CM is a double edges sword as it will also discourage those holding 3 or more properties from selling because they will need to pay more ABSD if they wish to buy back later.

  28. #28
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    Add another year to CM affect the opportunity cost further.
    Quote Originally Posted by DKSG
    The same rumour was spread 1-2 months back.

    So, we just wait until Thurs lor...

    CMs weed out weak players in the market, help bring the price down a bit.

    Then the rest who can afford get to buy at lower price!

    WooHoo!

    DKSG

  29. #29
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    Properties are meant to be kept & not for sale.
    Quote Originally Posted by Ringo33
    CM is a double edges sword as it will also discourage those holding 3 or more properties from selling because they will need to pay more ABSD if they wish to buy back later.

  30. #30
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    Quote Originally Posted by Ringo33
    if you have intention to buy 3rd or more property, better be quick..
    Better b slow

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