New Cooling Measures

[Lemonlaw]

You are right. This is called CREDIT TIGHTENING. Now u are shooting correctly.

Haha, it's a matter of focus....sometime lose focus will be bobo shooter.

[Mu]

Importantly, we also need to look at the govt land sales. What is the bidding price.

If developer bid price is at 700psf in Punggol , what will the break even cost?

1300psf? Then how much do you think developer will sell to make profit?

If they bid $700 psf for punggol....

[狮子王]

Pppl also to be blamed...if developer set price, they all think wah must be a bargain even if they pay $1600 for Jurong.....two hands to clap

That is why from the first CM, I ask never go on the media to boast about what property lucrative returns and what have you lor... But those ppl every week must go on Sunday times to say how successful they are in property investment!

[acer23]

What is income-weighted average age and how is it calculated??

[Lemonlaw]

If they bid $700 psf for punggol....

In Sengkang west ...an ulu place...UOL bidder 600+psf if I remember correctly.

[Lemonlaw]

What is income-weighted average age and how is it calculated??

E.g 30 + 60...average age is 45.

Max tenor is 20yrs

[狮子王]

Importantly, we also need to look at the govt land sales. What is the bidding price.

If developer bid price is at 700psf in Punggol , what will the break even cost?

1300psf? Then how much do you think developer will sell to make profit?

This is another key area. Good point u brought up, I have been thinking about this recently actually.

[Mu]

That is why from the first CM, I ask never go on the media to boast about what property lucrative returns and what have you lor... But those ppl every week must go on Sunday times to say how successful they are in property investment!

This is call show off..They never learn from Sun Tzu

"Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate."

"All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved."

[Lemonlaw]

This is another key area. Good point u brought up, I have been thinking about this recently actually.

Haha...don't need to think so much lah...think simple.

Why gls land at such ulu price can fetch rocket high price?

Rich ar...our zheng hu...

[acer23]

E.g 30 + 60...average age is 45.

Max tenor is 20yrs

Thanks. Then why said income-weighted average age? Just said average can liao. Confuse pp leh.

[proud owner]

E.g 30 + 60...average age is 45.

Max tenor is 20yrs

hor sei leow

my wife is 10 yrs younger than me ... and we have never taken any loan more than 20 yrs....

[Kelonguni]

Thanks. Then why said income-weighted average age? Just said average can liao. Confuse pp leh.

I think it is more than average. The age is affected by the disparity in incomes as well. If the older person earns more, the age will be higher. Vice versa.

Please correct if I am wrong.

[proud owner]

That is why from the first CM, I ask never go on the media to boast about what property lucrative returns and what have you lor... But those ppl every week must go on Sunday times to say how successful they are in property investment!

exactly ... I cannot stand those write ups ...

super how lian ....


sunday times shud also do a follow up .. re interview them 2 to 3 yrs later and see how these interviewees are doing ...

[acer23]

I think it is more than average. The age is affected by the disparity in incomes as well. If the older person earns more, the age will be higher. Vice versa.

Please correct if I am wrong.

Got any examples?

Don't understand leh

[狮子王]

All the CMs including the latest will benefit only one group of buyers: those first time buyer looking for owner occupied units.

Why I say units is because landed buyers usually have more than 1 properties, as such, they will not be buying anymore landed liao. That is why I reiterate private condo and HDB will remain healthy while certain class of landed will crash more than 30%.

A few months ago I said this, and some say i talk cork and against me profusely. Now u believe my third eye liao bo?

[amk]

E.g 30 + 60...average age is 45.

Max tenor is 20yrs

No.
60 yr old income 10k, 30yr old income 0, income weighted age is 60.
60 yr old income 10k, 30yr old income 5k, income weighted age is 50
Get the idea ? Simple math.

(60 * 10 + 30 * 5) / (10 + 5) = 50

[狮子王]

All the younger generations never listen to old uncles like me anymore...sigh.....

[newbie11]

Got any examples?

Don't understand leh

Clarity will come in next few days from mas and banks. My bankers are waiting to be briefed.

[Laguna]

Can't term it as CM as someone had mentioned not too long ago that there's no more CM!

[newbie11]

No.
60 yr old income 10k, 30yr old income 0, income weighted age is 60. Get the idea ? Simple math.

What if 30yr make 3k?

[狮子王]

No.
60 yr old income 10k, 30yr old income 0, income weighted age is 60. Get the idea ? Simple math.

Errr.. But 60 years cannot borrow very long tiobo? So 30 should be the max without the weights...I also confused leh

[teddybear]

Tharman thinks he's very smart when actually he is over micro-managing the market, probably with eventual bad results

[newbie11]

Can't term it as CM as someone had mentioned not too long ago that there's no more CM!

U r right. It's merely a framework for banks to adhere to and some action items to close loop holes like the guarantor.

If anyone can't sleep over this, then u might be over leveraged.

[狮子王]

Sigh.. You have to admit THARMAN is indeed a genius. I warned all the property developers way way ahead not to mess with him or Ah Khaw. But instead of heeding my advice, they purposely go against me lor

[狮子王]

U r right. It's merely a framework for banks to adhere to and some action items to close loop holes like the guarantor.

If anyone can't sleep over this, then u might be over leveraged.

I cannot sleep over this. Hope after the brother's bankers are briefed, I can sleep better lor. Do not misunderstand, I worry for the developers.

[狮子王]

Like the lemon brother brought up. There are still a few target area that can be frame worked. So good luck.

[amk]

What if 30yr make 3k?

(60 * 10 + 30 * 3) / ( 10 + 3 )

[teddybear]

That is why you all must have hair cut mah!

Why must apply HAIRCUTS here and HAIRCUTS there?

Already so little hair still wanna cut!!!

Err... I am not referring to my hair. You know who I am referring to!!!

[Lemonlaw]

Like the lemon brother brought up. There are still a few target area that can be frame worked. So good luck.

Haha...heng ar...I got 2 fully paid property and 1 under mortgage.

No impact on me.

[狮子王]

(60 * 10 + 30 * 3) / ( 10 + 3 )

So according to your formula, the previous example is :

600+0 / 10 = 60 ? How can 60 years old borrow for 60 years? Pls enlighten