Paying ABSD

[radha08]

Was just thinking about it how people got the heart to pay govt ABSD for
2nd 3rd property etc...say 1million property you got to pay 70k or 100k just for
something called a STAMP duty


Wah i really got no heart to pay this kind of money

But then again people who made MILLLIONS thru property may think otherwise

sigh its a funny world

[4wheels]

Was just thinking about it how people got the heart to pay govt ABSD for
2nd 3rd property etc...say 1million property you got to pay 70k or 100k just for
something called a STAMP duty


Wah i really got no heart to pay this kind of money

But then again people who made MILLLIONS thru property may think otherwise

sigh its a funny world

I am very reluctant to pay the absd too.

If property price appreciate 2.3% each year, for new launch till TOP, the increase in price cannot cover all the stamp duty.

Further to that, the current situation may not see any increases in price.

[ysyap]

I also don't want to pay so much ABSD. The basic BSD is already enough.

[ecimbew]

That's good. We are getting there. Khaw will be pleased.

[blackjack21trader]

That is why only the rich will be able to buy properties for investment, the middle class will be very pissed.

If prices do not drop and rise instead, they will be even more pissed.


Good Luck, the truth hurts.

[chestnut]

That is why only the rich will be able to buy properties for investment, the middle class will be very pissed.

If prices do not drop and rise instead, they will be even more pissed.


Good Luck, the truth hurts.

I super confused???

Private contribute 20% and hdb 80%.

Middle class is the 40-60% rite. Or the 30-70% rite??

If I am wrong, what is the definition of middle class??? How many percentile???

So why thy they want hdb to drop???

[blackjack21trader]

That is why only the rich will be able to buy properties for investment, the middle class will be very pissed.

If prices do not drop and rise instead, they will be even more pissed.


Good Luck, the truth hurts.

Imagine this situation where the prices of investment grade properties kept rising and there is still transaction in the URA website. How will the middle class like you feel ?

That is why I advise property owners here not to encourage buying of property anymore, but they do not understand this wider implication.

[blackjack21trader]

I super confused???

Private contribute 20% and hdb 80%.

Middle class is the 40-60% rite. Or the 30-70% rite??

If I am wrong, what is the definition of middle class??? How many percentile???

So why thy they want hdb to drop???

So you are saying you are not the middle class right? You are the rich owning 3 properties ? Please la, owning 3 properties is NOT RICH.

You are sabotaging yourself without knowing.

[blackjack21trader]

So you are saying you are not the middle class right? You are the rich owning 3 properties ? Please la, owning 3 properties is NOT RICH.

You are sabotaging yourself without knowing.

If you are rich, you go and sell your 3 properties now, and see if you can afford a small terrace house.

[chestnut]

So you are saying you are not the middle class right? You are the rich owning 3 properties ? Please la, owning 3 properties is NOT RICH.

You are sabotaging yourself without knowing.

So how many properties does one own before he or she is rich isn your definition???

How do u know I own 3. Hahahaha

I did not say I am rich. Please tell me when I said that. Or are u implying?

Is being rich important??.

[blackjack21trader]

You still don't get it, do you? You think I am trying to create fear. I am trying to HELP YOU. People who own properties like Anchorage or waterview are the middle class. Even those that own Rivergate or The Metz are the middle class.

The rich only buys properties like Hamilton Scotts.

[chestnut]

If you are rich, you go and sell your 3 properties now, and see if you can afford a small terrace house.

Hahahaha... I don't need to sell to buy a terrace. Hahahaha....

[blackjack21trader]

So how many properties does one own before he or she is rich isn your definition???

How do u know I own 3. Hahahaha

I did not say I am rich. Please tell me when I said that. Or are u implying?

Is being rich important??.

If you are rich, you go and sell your 3 properties now, and see if you can afford a small terrace house.

If you are not, then indeed you are sabotaging yourselves as I explained above.

[blackjack21trader]

Hahahaha... I don't need to sell to buy a terrace. Hahahaha....

I am referring to new terrace that costs S$5,000,000 .So you must be rich. Then this thread is not for you, why bother talking to a poor guy like me ?

[chestnut]

You still don't get it, do you? You think I am trying to create fear. I am trying to HELP YOU. People who own properties like Anchorage or waterview are the middle class. Even those that own Rivergate or The Metz are the middle class.

The rich only buys properties like Hamilton Scotts.

Hahaha. U bought one???

Anyway, what is the definition of middle class???

Now at least I know what is rich in your definition. But i still confused. Singapore has more than 40% middle class but 20% private??? Oh, no wonder private keep going up - according to your definition, more demand than supply.

Hahahah

[chestnut]

I am referring to new terrace that costs S$5,000,000 .So you must be rich. Then this thread is not for you, why bother talking to a poor guy like me ?

Of terrace is 5 mil. Semi-d should be 8 mil hor??

No wonder u keep saying landed will drop??

[chestnut]

Ok lar... I agree....

Everyone should stop buying private lar...

Relax... Cheers bro

[chestnut]

Relax lar bro... I agree with you lar...

Please stop buying private - prices will drop....

[blackjack21trader]

Hahaha. U bought one???

Anyway, what is the definition of middle class???

Now at least I know what is rich in your definition. But i still confused. Singapore has more than 40% middle class but 20% private??? Oh, no wonder private keep going up - according to your definition, more demand than supply.

Hahahah

Did you take a IQ test recently?

The middle class who can afford private condo for investment also stays in HDB. How will you feel if you see the rich still buying up investment grade properties ?

[blackjack21trader]

Relax lar bro... I agree with you lar...

Please stop buying private - prices will drop....

Go and check the transaction in CCR investment grade properties after the Jan CM. By investment grade, I mean those that are very lettable. NOT RCR like Anchorage. THERE IS STILL TRANSACTION AND THE PSF IS STILL RISING.

[chestnut]

Can u read this

http://sg.news.yahoo.com/view-pressu...073005019.html

Stated, people who earns S$4000-S$7000 are considered middle and upper middle class.

I looking for definition now... Will be busy... Cannot get one from u... So hopeful told me 'google is your friend'. I remember what hopeful told me.

Hahahah

[blackjack21trader]

Of terrace is 5 mil. Semi-d should be 8 mil hor??

No wonder u keep saying landed will drop??

You are unbelievable, you propose to be a very experienced investor. But you are unaware of market forces and trend go click on this link:



http://www.propertyguru.com.sg/singa...itude=&submit=



You are going to sabotage yourself very soon.

[blackjack21trader]

Can u read this

http://sg.news.yahoo.com/view-pressu...073005019.html

Stated, people who earns S$4000-S$7000 are considered middle and upper middle class.

I looking for definition now... Will be busy... Cannot get one from u... So hopeful told me 'google is your friend'. I remember what hopeful told me.

Hahahah

One husband and one wife combine is how much ?

Man, lucky you did not go OCS.

[radha08]

Of terrace is 5 mil. Semi-d should be 8 mil hor??

No wonder u keep saying landed will drop??

For that PRICE

absd is $350k and $500k RESPECTIVELY

or if its your 3rd(property) NOT 3rd EYE hor

then absd is $500k and $800k

[chestnut]

Go and check the transaction in CCR investment grade properties after the Jan CM. By investment grade, I mean those that are very lettable. NOT RCR like Anchorage. THERE IS STILL TRANSACTION AND THE PSF IS STILL RISING.

Brudder, brudder, brudder.... U really think I will reveal all my assets here??? Hahahaha

Cheers bro... I ask a simple question lar...

Relax lar bro... I hear for knowledge, not wealth... Hahahaha

If u upset with my question, let me know lar. I don't want to agitate you hor... If u let me know u agitated, let me know lar. Next time I don't ask u lor...

You control your own emotions leh...

[radha08]

Can u read this

http://sg.news.yahoo.com/view-pressu...073005019.html

Stated, people who earns S$4000-S$7000 are considered middle and upper middle class.

I looking for definition now... Will be busy... Cannot get one from u... So hopeful told me 'google is your friend'. I remember what hopeful told me.

Hahahah

thats me but i feel like NO class

[chestnut]

For that PRICE

absd is $350k and $500k RESPECTIVELY

or if its your 3rd(property) NOT 3rd EYE hor

then absd is $500k and $800k

Brudder, but if buy Hamilton, absd also a lot wat....

[blackjack21trader]

For that PRICE

absd is $350k and $500k RESPECTIVELY

or if its your 3rd(property) NOT 3rd EYE hor

then absd is $500k and $800k

You got my point.

The rich will benefit as they start to ignore non-investment grade properties and go for the investment grade one. Effectively shutting off the middle class from the game.

[radha08]

You are unbelievable, you propose to be a very experienced investor. But you are unaware of market forces and trend go click on this link:



http://www.propertyguru.com.sg/singa...itude=&submit=



You are going to sabotage yourself very soon.

walau LANDED IS BLOODY crazy no wonder so much $$$ floating in mkt

[blackjack21trader]

Brudder, but if buy Hamilton, absd also a lot wat....

Go check URA, HAMILTON jumped from S$3000psf to S$5000psf.

BUT DID ANCHORAGE PRICES JUMP LIKE IT ?

After checking, you will join me in thrashing the prices.