This will be my only post..... I see many worried bros and sis... No choice, must help a bit...
The objective of this is really to prevent a bubble... If formed, it WILL be detrimental to us... If we did not have the CM, the prices today will be at least 50% more than current prices... Hahahahahaha
So impact (I will only cover a few points). You need to have your own view.... I am not saying mine is rite.... Some will think otherwise. You have every right in your view...
1. Many people will find owning a 2nd unit more and more difficult. So if u have already a 2nd or more, consider yourself lucky... If u sell 1 unit now, would u do a replacement???? Would it be unsized or downsized???
2. Will there be fire sales???? Yes... Who will have this sales??? Imagine u bot a bigger and more expensive unit recently and need to sell your current unit to fund this "upsizing'. What would u do????
3. Will those who own 2 units or more sell??? Would u???? Hahahaha
4.. More will be using 'proxy' to achieve the goal.
5. Many will be 'locked out' of this came... Radha and Shanz are the few lucky ones.... CONGRATES bros.
6. Pes/roof terrace units will be more expensive if nor rare in the future.... Rare because developer needs to 'pay' for it. Most won't do it now, thus will be rare. We all know when something is rare, what happens.
7. Market will stabilize or drop a bit... It needs to drop more than 7/4% to make it worthwhile for 2nd prop investor and more than 10/7%for 3rd prop investor.
Will it drop this quantum (depends if u apply existing cm of 3% or not).
8. It will take a few months for market to work out the impact. People analyse damn slowly... First mover wins... Hahahahahaha
9. Agents will need to grab whatever now.... They will move towards rental biz. Just like in the previous CM.
10. Hdb, pr cannot rent out. Most will shift back in and rent out their PC. Some will sell their hdb or pc (depends on what they see the market to be). There will be a shortage of hdb to rent??? Think of the impact. Hahahahahaha
OK. Enough.... The rest I will leave u all to figure out... Remember, I most of the time sala.... Hahahahahaha.. And take this with a huge dose of salt. I here to TCSS....
And please, please do not panick... If u find yourself panicking and breaking into a cold sweat... PLEASE sell... Not worth it leh.... Property is not for you...
Cheers... You all have a place in my heart....
LAST POST!!!!!!!