Originally Posted by Laguna
well effectively u still pay 6% + lawyer fees
3% to transfer 1st property
3% to pay for the 2nd property
unless ur 2nd unit is bigger if smaller then the 1st the saving is not much.
Originally Posted by Laguna
well effectively u still pay 6% + lawyer fees
3% to transfer 1st property
3% to pay for the 2nd property
unless ur 2nd unit is bigger if smaller then the 1st the saving is not much.
Sorry don't have the full price list as the Developer invites sold some on Sunday night.. but around $6kishOriginally Posted by kane
Totally agree...Originally Posted by blackjack21trader
LIKE+++
work very hard liao leh. any harder will overtake cow liao. LOL 1 month save 10k also need few years to DP shop house now. Damn sianOriginally Posted by DKSG
oh ok, so plus GST, it'll be around $7k...Originally Posted by ZeeWee
No, 3% is on your share of the existing property. The problem is more with the situation where you may have loans on existing property which makes transfer somehow more troublesome. Plus, transfer is considered sales, so SSD would be imposed if the unit is sold within 4 years.
Originally Posted by minority
Please refrain from using attacking words, and keep the forum a polite place as it has been.
Emotion is an important factor to consider, and market sentiment has a great influence on the trend, this is exactly how Fed and ECB succeeded in reining the crisis, and the CM7 is going to play the other way round by gripping on the residential demand.
The hot commercial/retail/strata office is another proof of the dramatic reduction in demand in residential space, as investors are forced to leave residential and look for greener pastures.
Again, as I pointed out in the beginning, market may start to tilt towards to the buyers in the residential market as the reduction of demand will far outstrip the reduction in supply, so it doesn't make sense talking about things like holding your residential property tight tight.
Originally Posted by economist
Title of thread should be changed to..desperate buyer urging owners not to hold tight tight .
And no no matter how emotional you are, it won't rein in prices either We have seen mr B before. Months and months of hard work, poor despo guy .
I have been talking about the government measures and the market forces in general (reduction of demand, and market sentiment), so don't quote me wrongly. And pls don't anyhow link me with others. Good night.
4yrs SSD is given any buyers in the last 2 years need to hold tight tight ma.....Originally Posted by economist
does your reduction in demand point to investment demand or housing demand as in physical place for some to reside in? the demand to reside is holding up but the supply of housing needs time to build. In fact the huge ramp up in supply by MND is to cater to housing need so to moderate prices?
Only demand supply relationship possibly happening is housing demand is lower and physical supply is increased, that leads to a price drop.
maybe very late liao, mind not working, i cannot comprehend how supply can reduce, alot of enbloc?
Let's see what is in that white paper before we conclude if there will be a reduction in demand.
Last edited by kane; 21-01-13 at 23:38.
Reduction in demand would refer to both investment and upgrading, for obvious reasons; Reduction in supply is a side effect of every CM which makes owners less willing to sell as it is also difficult for them to buy another one.
The only difference in this CM7 is that the reduction in demand is probably much larger than the reduction in supply.
Your quoted future 200K unit supply is something that will happen in the next few years, so it is not covered in my original thread.
Originally Posted by DaytonaSS
IC, thanks for the explanation. abit of difference in demand and supply definition, so i m struggling to make sense.Originally Posted by economist
bro Kane, my 2 hrs coffee session today at Tiong Bahru bakery confirms it liao, no need wait white paper. Just need to sit there 1pm to 3 pm, the answer is very clear. Hot MILFs are coming in DROVESOriginally Posted by kane
U are very premature in assuming that the residential property prices will fall due to reduction in demand. I would argue even if the demand is weaken, the price will remain strong or even stronger. I will predict that rental will provide a major role in supporting the residential property prices. At the moment people will flirt with the idea of investing in shares, bond or even commercial properties, but they will come back to residential properties. There is always a fear in people heart that they will be priced out of the residential properties if they waited for too long. The track record shows that residential property provided a high level of return and rental income. It will be hard for anyone to convince the people otherwise. With the global situation as it is (ie. Money printing) and lacking other invesment alternatives as a source of income, one would be foolish to start running toward the exit out of residential properties.Originally Posted by economist
If all u can think about is lack in demand will bring down the prices, u are very simplistic. The gov has the responsibility that sg doesn't become an urban ghetto. In a way this cm7 is a good way in controlling the quality of the people. From now on only people with good financial standing can purchase our properties. It also bring the ownership back to singaporeans (first time buyers). Why on earth that a better quality owners will bring down the price?
The assumption is based on simply market mechanism, yes, it is simple, but that's the gist of market. Sorry, it's getting late, have to call it a day, i can't address other parts of your post, good night.
Originally Posted by indomie
KA NI GONG, NI MAI TIA
MAI TU LIAO !
Why people believe in academics but not in MY THIRD EYE leh?
WOAHAHAHAHAHHHEHEHEH
Looking at all the negative comments on CCR, time to buy & pick up durian in CCR!
Originally Posted by windcar
Originally Posted by indomie
like your post!
though i dislike the expensive property.
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)
They working there or they buying things?Originally Posted by DaytonaSS
To be fair, this is another self proclaimed expert trying to seek attention like some others in the forum.
"Many property owners are desperate..." another unfounded statement and wrongly used as subject title. Again as I mentioned in the other thread as well, TS is again resembling someone who is very biaised in this forum even those we promote freedom of speech
While the Title of this thread may not be appropriate, it does 'catch attention' which I hope was the real intention of TS. The contents in this thread and the comments from various contributors show just how we all feel at heart even though many speak their minds rather than from their heart.
The market is not likely to be influenced by what we discussed here even though there are paid forumers (from property developers or other interest parties) who are "doing their jobs" right here.
Whoever you are, please be respectful to each other views and restrain from making your own assumptions about the individuals, associating people with other characters (in this forum) or challenging any individual at a personal level.
Thus far, this thread has been rather enjoying.
Last edited by Leeds; 22-01-13 at 11:20.
Oh my, you are not afraid of being named as another clone?
Originally Posted by Leeds
Interesting, any idea who they might be?
Originally Posted by Leeds
Actually I really doubt anybody is paid to tcss here. I think the folks here are just passionate about property. I am open to any question to challenge my integrity.Originally Posted by economist
Somehow the graph shows are we are somewhere near or at the peak. But then, the new peak is always higher than the previous so you know where this is going.Originally Posted by Leeds
When you have eliminate the impossible, whatever remains, however improbable, must be the truth
This plateauing graph for residential properties comes at another social cost. I believe the commercial properties graph does not present a pleasant picture, particularly if the higher rental results in inflation and also drive companies overseas. The impact should be hitting us badly this year - just watch out for your daily necessities prices.Originally Posted by Leeds