thank you, but everyone is thinking here, thinking especially hard after every CM to guage its impact, aren't we?Originally Posted by 狮子王
thank you, but everyone is thinking here, thinking especially hard after every CM to guage its impact, aren't we?Originally Posted by 狮子王
Shall not say much but you are pretty good
Originally Posted by DKSG
Yee ha! Did I tickle your funny bone?
This new ruling will have impact on
1) People who wishes to buy property via wife children siblings, parents
2) People who wishes to buy property via asset based lending
3) People who wishes to max out loan to buy large quantum properties, such as landed.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Originally Posted by 狮子王
so I was partially correct lah ...
cos housing is a necessity .. and gain ... is less than profit/gain in stocks..
so they tax more on people making money from equities ...and less on real property
Woahahaahhahahahhahahahha..... Do u have to be so clear?Originally Posted by Ringo33
Yes the standardisation is finally here. At least MAS is doing their job.
Originally Posted by economist
Yee ha! Did I tickle your funny bone?
No, u are fully correct to say that.Originally Posted by proud owner
The capital gains in us was applied to income brackets of more than $40,000.
the subprime resulted from the lower brackets or households with lower income like $8000 which are not taxed on capital gains.
R is always very direct. I'm scared of him.Originally Posted by 狮子王
Yee ha! Did I tickle your funny bone?
Me too lolOriginally Posted by ecimbew
And the question is, how many percentage of potential buyers belong to these three categories? If it is just 5%, the impact would be limited, if it is 20%, the impact would be felt.Originally Posted by Ringo33
Even credit risk management now also Kenna standardized by MAS!Originally Posted by ecimbew
Banks can now reduce the number of head counts in credit risk dept, hmmm ... Is that the dept yowetan is working in ??!!
DKSG
Gut feel is below 20 but close. Impact will be felt. K n S can sleep soundly.Originally Posted by economist
Yee ha! Did I tickle your funny bone?
In the past few months, if you have spoken to Barbarella, Leticia or Lulu, you will know this percentage is confirm more than 5%...Originally Posted by economist
The rest cannot say more lo!
DKSG
Last edited by DKSG; 29-06-13 at 01:31.
He ah. I have a feeling that T created this framework for him (his character at least).Originally Posted by DKSG
Anyone knows how to read palm fortune?
Last edited by ecimbew; 29-06-13 at 01:31.
Yee ha! Did I tickle your funny bone?
depend which segment of the market. For mass market, I think the impact will be negligible because quantum is small and buyers are generally younger, hence can take a longer loan.Originally Posted by economist
For big quantum property like landed or luxury apartment, the impact might be greater because the profile of such buyer are generally older.
But this cooling measure should not affect the market too much.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Actually, this is really a good policy, imagine if SIBOR does go to 2-2.5%, and mortgage rate therefore goes to 3.5%, those people who find themselves paying 60% of income as debt services probably shouldn't have bought the house in the first place. Therefore, it is good to stablise the market and prevent from forced selling in the future.
This should actually be CM1, not CM8.
Again ... If u have been to the showflats you will know that the opposite if true ...Originally Posted by Ringo33
Mass market is flooded with youngsters and sons and daughters of cheongsters uncles!
Lux market are dominated by rich foreigners who doesn't give a hoot (except that they really hoot)... About LTV ... To them money in Sg is the safest compared to their other choices..
Again, Office Boy can't say too much ...
DKSG
you could be right. but I think this new ruling will only further drive more marginalized buyer towards OCR property.Originally Posted by DKSG
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
We will know in 12 hours time when a CCR condo is soft launched ...Originally Posted by Ringo33
If the results is like 50% sold on first day, then we know that the OCR enthusiasm is spilling into the CCR.
It doesn't take genius to decide that buying a FH CCR studio at $2,000 psf is a much better deal that a Jurong 99LH for $1,800 psf?
DKSG
which CCR condo may i ask ? now need to monitor personally liaoOriginally Posted by DKSG
Monitor or go and Hoot one unit ??!!Originally Posted by 狮子王
One Bal-moral ...
DKSG
Originally Posted by DKSG
no right or wrong answer here. Some prefer to be a big fish in a small pond, while others dont mine being a small fish in the big pond.
Having said that, Belmoral area has never been popular place for rental or 1 bedder apartment. Perhaps the lack of singles community for social gathering is making the place less popular among 1 bedder tenant.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
monitor only la. i want to see how the real reaction like u suggested.Originally Posted by DKSG
1 balmoral. any bet on the take up rate?
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
but balmoral can walk to Orchard leh. I think the Jewel@Balmoral behind the hill can walk to Shaw Plaza tiobo ?Originally Posted by Ringo33
resale 3br 2.2m 4.5-5k rental.Originally Posted by Ringo33
then again, this area has a lack of 1br.. but anw ccr should continue to be quiet...........
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
bro u walk and tell me can or not? and if u can walk back to jewel, i treat u massage.Originally Posted by 狮子王
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
Please share your observations tomorrow, sure many are curious.
My feel regarding the percentage of buyers affected could be around 10%, which means minimal impact, and maybe easily offset by the usual sentiment of -- would one more CM come and would it make buying more difficult?
We can laugh at this sentiment, but I always feel that sentiment is more of a deciding factor in property market. However laughable, if it is real, then it is something so we shall observe.
Wah! Now u all are sounding like my Bosses leh ... I bobian have to go that showflat tomorrow arh ???Originally Posted by economist
Very pai tan ...
DKSG
Haha, that's because you are the most hard working one here...Originally Posted by DKSG