With new CM. Its a question of affordability.

[minority]

a 1.2M property. So Say a 1M loan at for a


30yr old taking 30yrs loan for his 1st property. assuming able to afford the 20% of 200K. with current 1.5% loan pm payment is $3450. if int hit 3% loan pm will be $4216


45yr old taking 20yrs loan for his 1st property. assuming able to afford the 20% of 200K. with current 1.5% loan pm payment is $4850. if int hit 3% loan pm will be $5545


and increasing the older the person the more $ the person should have to folk out.

So assuming a couple at 35 gross a take home of 10K tats 50% of income. 25% if combine take home is 20K. looking at the number I think affordability now with the CM taking out some of the leverage will sting some of the buyers.


So will that impact buyer from not buying? Do most folks here expect to pay a loan till they are 65? or the cut off is actually 55?

So what would happen next? CCR will slow... coz big ticket items. OCR ~1M will still be sustainable... I guess.

or more will increasingly not buy but turn to rental. to wait it out.

[kane]

for the first house, I think it's probably dangerous to time it. but for the second property, one could afford to time it a little.

[chestnut]

for the first house, I think it's probably dangerous to time it. but for the second property, one could afford to time it a little.

Wah, u old bird.

For first house, if you need it buy it. Simple. No way around it. Other option is to rent it. Please don't tell me about other options of staying w mother , father, sis, bro, me , or the dog - ok. That's not called need it.

So if you want to buy your first house. Very simple. Determine are we at the highest or lowest phase. Take 2012 for example. If you see a drop coming, buy the cheapest house available. If you see this boom to continue for the next 10 yr, which I don't, then quickly see a brain specialist.

What goes up must come down. Only thing that doesn't is your age. Please don't tell me about china. It is a very unique case on their economy because they were shut off for so long.

[chestnut]

Minority - does your gross take home include cpf? Whenever people talk about gross take home, they don't normally include cpf. So I give u a chance to verify.

[kane]

Minority - does your gross take home include cpf? Whenever people talk about gross take home, they don't normally include cpf. So I give u a chance to verify.

CPF can get to take home meh?? Haha.

[chestnut]

CPF can get to take home meh?? Haha.

It's all about definition. I part time lawyer as well. First must define, right. So if couple take home 10k. With CPR payment, they pay less from cash right. So theory flawed. Hahaha

Kane - u smart. Time for u to impart knowledge.

[chestnut]

CPF can get to take home meh?? Haha.

Kane, to answer this question, YES!!!! Cannot think straight. Must think crooked. See if you can figure this out. Btw, the stuff I am talking about is legal. Hahaha.
Take your time to answer me. You may have been doing it w/o you knowing it. Hahaha

[phantom_opera]

Simple, sell all units at the avg 700sqft size at 1200psf to 1500psf

[Laguna]

If u look back all the CMs, all these will not affect you so long as you have the money.

[phantom_opera]

Sianz with this CM OCR 1900psf will not come anytime soon

[phantom_opera]

Cash poor upgraders to redeem their hdb loan or sell off their hdb b4 upgrade Liao, ccr low end sabo again

[chestnut]

Cash poor upgraders to redeem their hdb loan or sell off their hdb b4 upgrade Liao, ccr low end sabo again

Bro, 80/20 rule.

20 private. Just imagine, 20 of hdb want to jump onto bandwagon of private, wat will happen? Work out how many hdb will be built, combo w marriages, combo w rental to foreigners, combo w increase pay, mix it up and try to balance it. If doesn't balance, something will break.

But if u ask me, this equation of up will not last eternity, this 2 yrs, very high chance go up. That's why u have all this measures.

Govt always give clue, you have to listen and pick it up. Ah boy, pay attention in class and you will be able to tell teacher's spot the question.

Don't crack your head so much la.

But one day, I must meet u to learn the share part. I still old school, cannot keep up w your theories.

Hahahaha

[minority]

Minority - does your gross take home include cpf? Whenever people talk about gross take home, they don't normally include cpf. So I give u a chance to verify.

Yes not included. Consideration for those taking up loan. Some pple have cpf some folks dont. Ie taxi driver, insurance gentle, business man. Etc. So to fit everyone didnt include cpf in gross salary. Assume pay per mth.

[minority]

Sianz with this CM OCR 1900psf will not come anytime soon

But likly OCR will do better than CCR due to quantum

[minority]

Cash poor upgraders to redeem their hdb loan or sell off their hdb b4 upgrade Liao, ccr low end sabo again

Well with every CM co,es oppprtunity. Maybe CCR low end become affordable

[minority]

I foresee smaller 3 bedder ~800 sqf. For all OCR...... Just to meet some of the quantum for folks that still aspire to buy.

But seriously now only buy for stay not invest. The message is very clear.

[chestnut]

Yes not included. Consideration for those taking up loan. Some pple have cpf some folks dont. Ie taxi driver, insurance gentle, business man. Etc. So to fit everyone didnt include cpf in gross salary. Assume pay per mth.

It is a requirement to have cpf bro.

Please do not include taxi driver into the equation hor, I do have a brain u know.

And please don't justify they have 2 or more jobs hor, because somewhere a long the line, they will have cpf.

I very direct one. So bear w me. But if u don't like, let me know and I will not respond to your post in future as I have absolutely nothing to gain by debunking you. I just want to share.

[chestnut]

I foresee smaller 3 bedder ~800 sqf. For all OCR...... Just to meet some of the quantum for folks that still aspire to buy.

But seriously now only buy for stay not invest. The message is very clear.

I seriously think u did not get their message. Up to now I still puzzled why no one can tell me why the govt did this? Or am I the warp one? I think I am the warp one.

[phantom_opera]

All these CMs are risky ... on one hand it does slow down the bubble but what if, just what if inflation goes rampant and gold up to $3000USD with US printing 200b per month to dilute its debt??

Then only those owning hard assets will be protected, price of PCs (especially MMs) will shoot through the roof as all cash / CPF will suddenly shift into hard assets ... those holding cash/CPF/bonds will be burnt badly??

then SG garmen will be criticized of ensuring only the rich can hedge itself

[chestnut]

Bro, 80/20 rule.

20 private. Just imagine, 20 of hdb want to jump onto bandwagon of private, wat will happen? Work out how many hdb will be built, combo w marriages, combo w rental to foreigners, combo w increase pay, mix it up and try to balance it. If doesn't balance, something will break.

But if u ask me, this equation of up will not last eternity, this 2 yrs, very high chance go up. That's why u have all this measures.

Govt always give clue, you have to listen and pick it up. Ah boy, pay attention in class and you will be able to tell teacher's spot the question.

Don't crack your head so much la.

But one day, I must meet u to learn the share part. I still old school, cannot keep up w your theories.

Hahahaha

Phantom, paiseh, say must meet u, scully u say no, I lose face. I retract. Hahaha

[toiletsiao]

Kane, to answer this question, YES!!!! Cannot think straight. Must think crooked. See if you can figure this out. Btw, the stuff I am talking about is legal. Hahaha.
Take your time to answer me. You may have been doing it w/o you knowing it. Hahaha

i think u meant buying property using CPF to service the loan, then u rent out the property? Hence indirectly u are "cashing" out on your CPF OA....

[chestnut]

i think u meant buying property using CPF to service the loan, then u rent out the property? Hence indirectly u are "cashing" out on your CPF OA....

Hahaha. U damn smart. Only problem again is the 80/20 rule. 20 will save and reinvest. 80 will buy a merz, bm, lexus... and go on long holidays.

This is one of ways. In fact the rest are peanuts compared w this.

[minority]

I seriously think u did not get their message. Up to now I still puzzled why no one can tell me why the govt did this? Or am I the warp one? I think I am the warp one.

Then maybe u can enlighten us what the message is?

[minority]

s Bank Ltd and Oversea-Chinese Banking Corp Ltd may benefit from new rules to cool Singapore's property market by capping residential loan tenures at 35 years.

Although the new rules will mean slower mortgage growth and limit the ability of some property owners to refinance, banks that recorded stronger housing loan growth in the last 2 years are in a better position to keep their customers without having to be aggressive on interest rates.

Therefore, OCBC and UOB are expected to benefit as both posted a 2-year housing loan growth of about 19 per cent a year on average, more than double of DBS Group Holdings' 8 per cent.

By 0207 GMT, shares of DBS were down 1.2 per cent at S$14.28, while UOB dropped 1.1 per cent at S$19.63 and OCBC fell 0.7 per cent to S$9.42.

UOB, with the highest percentage exposure to housing loans, is expected to gain the most, DMG said, maintaining its 'buy' rating on the bank with a target price of S$21.40. - REUTERS

[chestnut]

s Bank Ltd and Oversea-Chinese Banking Corp Ltd may benefit from new rules to cool Singapore's property market by capping residential loan tenures at 35 years.

Although the new rules will mean slower mortgage growth and limit the ability of some property owners to refinance, banks that recorded stronger housing loan growth in the last 2 years are in a better position to keep their customers without having to be aggressive on interest rates.

Therefore, OCBC and UOB are expected to benefit as both posted a 2-year housing loan growth of about 19 per cent a year on average, more than double of DBS Group Holdings' 8 per cent.

By 0207 GMT, shares of DBS were down 1.2 per cent at S$14.28, while UOB dropped 1.1 per cent at S$19.63 and OCBC fell 0.7 per cent to S$9.42.

UOB, with the highest percentage exposure to housing loans, is expected to gain the most, DMG said, maintaining its 'buy' rating on the bank with a target price of S$21.40. - REUTERS

U saw my post to newie11,ha?
The reporter failed to talk about legal subsidy. This is the killer. Don't wait for report to come out. Figure it out and u are 1st in the race. That's how money is made.

[chestnut]

Another analysis. Sunset industry for mortgage banker. Need to find loans somewhere else.

[minority]

Guss thats why the banks removed the lawyer fees and bank subsidy... they have preemptive information.

[leftfield]

Guss thats why the banks removed the lawyer fees and bank subsidy... they have preemptive information.

This came from a MAS directive, the banks did not remove these subsidies on their own.

[chestnut]

Guss thats why the banks removed the lawyer fees and bank subsidy... they have preemptive information.

Nope -

This is an MAS guideline. Newie11 can vouch to this.

I am glad you do not take me offensive. I will tell u the reason why via PM. wait for my PM on why govt came out with this measure.

[chestnut]

Then maybe u can enlighten us what the message is?

Since u really want to know, you have pm. Confidential OK.