Time to tweak property curbs: CDL chief Kwek Leng Beng

[Ringo33]

People do stupid thing because they don't have brain to think of good solution means you also want to follow suit?

Actually it has got more to do with people doing things for selfish reasons. eg. a small but noisy group of investors who are desperately look for foreigners money to return to help resurrect those properties located on the wrong side of CCR.

The situation is so bad that these owners are already talking about CCR price war with OCR property and also hoping that property market will crash because they are so jealous of those huge profit market people made in MM and OCR segment.

can you see how selfish and sometime stupid human being are right?

[smallant]

The worst measures is the TDSR.. this impacts all owners seeking to repriced or refinance even if you bt yr property years ago and is now retrenched or retired..
You are at the mercy of the banks and subjected to above mkt interest rate as you cannot even repriced due to this tdsr....
MAs policy hit at all.. not only recent property buyers as compared to those colling measures which target new property owners.. only the banks benefits from this unreal interest rate!
This should be removed...

[Kelonguni]

The worst measures is the TDSR.. this impacts all owners seeking to repriced or refinance even if you bt yr property years ago and is now retrenched or retired..
You are at the mercy of the banks and subjected to above mkt interest rate as you cannot even repriced due to this tdsr....
MAs policy hit at all.. not only recent property buyers as compared to those colling measures which target new property owners.. only the banks benefits from this unreal interest rate!
This should be removed...

I think it is a great policy. It means that people who have punched above their weight have worn a hat too big for the head. It's still possible to sell now at a high profit for this group.

But I think there could be a slight concession for people seeking to reprice. It's just tough to decide where the line should be.

[teddybear]

If policy has been applied across the board and same to everybody, it is fair after all, and TDSR is supposed to protect people from overleveraging. However, current ABSD policy IS NOT! Current ABSD is totally DISCRIMINATORY!

STILL, the ill effect of TDSR is that property sizes become smaller and smaller to make them more "affordable" to get over TSDR! IT IS TIME GOVT ACTS ON THIS Mickey-Mouse-ization of residential properties! These are for people to live in, not Mickey-Mouse!

The worst measures is the TDSR.. this impacts all owners seeking to repriced or refinance even if you bt yr property years ago and is now retrenched or retired..
You are at the mercy of the banks and subjected to above mkt interest rate as you cannot even repriced due to this tdsr....
MAs policy hit at all.. not only recent property buyers as compared to those colling measures which target new property owners.. only the banks benefits from this unreal interest rate!
This should be removed...

[Ringo33]

I think it is a great policy. It means that people who have punched above their weight have worn a hat too big for the head. It's still possible to sell now at a high profit for this group.

But I think there could be a slight concession for people seeking to reprice. It's just tough to decide where the line should be.

They should remove the LTV ceiling for those with multiple properties because with TDSR in place, the earlier LTV measure has become irrelevant.

[wind30]

The worst measures is the TDSR.. this impacts all owners seeking to repriced or refinance even if you bt yr property years ago and is now retrenched or retired..
You are at the mercy of the banks and subjected to above mkt interest rate as you cannot even repriced due to this tdsr....
MAs policy hit at all.. not only recent property buyers as compared to those colling measures which target new property owners.. only the banks benefits from this unreal interest rate!
This should be removed...

errr.... I doubt many people who bought their properties many years ago are affected by TDSR as prices is probably low.

Anyway, the TDSR criteria is not that strict what.... you affected meh? I am not leh.

[minority]

Resale HDB prices could be correcting too fast and become unpredictable.

Best crash the hdb. Coz people been whinning abt high hdb price. They argue it's a utility. Hdb should buy back had etc. so best get back to basics with a crash then. Make hdb worthless coz that's what the people wanted anyway. It's just a roof nothing more.

[minority]

If policy has been applied across the board and same to everybody, it is fair after all, and TDSR is supposed to protect people from overleveraging. However, current ABSD policy IS NOT! Current ABSD is totally DISCRIMINATORY!

STILL, the ill effect of TDSR is that property sizes become smaller and smaller to make them more "affordable" to get over TSDR! IT IS TIME GOVT ACTS ON THIS Mickey-Mouse-ization of residential properties! These are for people to live in, not Mickey-Mouse!

How dumb can u get. No one point a gun at the people go buy a small unit. They can don't buy and developers can't sell will just stop building a product people don't want to buy. Want to buy still want to complain lol!!!!! Don't like don't buy lah. Kiam gong.

[minority]

I think it is a great policy. It means that people who have punched above their weight have worn a hat too big for the head. It's still possible to sell now at a high profit for this group.

But I think there could be a slight concession for people seeking to reprice. It's just tough to decide where the line should be.

Tdsr teaches people a lesson not to over leverage .

[teddybear]

Yah loh, the way you say is also like saying that the MND & MAS are damn stupid? People want to buy will buy, don't want won't buy, no one point a gun to their head, why implement all the cooling measures like SSD, ABSD, LTV, TDSR, MSR blah blah blah since if developers can't sell because of high property selling price the property price will never go up why need all those cooling measures?! So you kiam gong or MND & MAS kiam gong?

How dumb can u get. No one point a gun at the people go buy a small unit. They can don't buy and developers can't sell will just stop building a product people don't want to buy. Want to buy still want to complain lol!!!!! Don't like don't buy lah. Kiam gong.

[Rosy]

errr.... I doubt many people who bought their properties many years ago are affected by TDSR as prices is probably low.

Anyway, the TDSR criteria is not that strict what.... you affected meh? I am not leh.

Tdsr affect those cash rich retirees from investing in properties. They used to be able to take a loan if they make a downpayment of 40% and show bank statement. They are unable to take any loan now without income. Buying an investment property without taking any loan is not very wise in terms of taxation.

[phantom_opera]

the recent ban SPR for 3y ruling + lower quantum of 25y + TDSR has big impact for those who wanting to sell DBSS @ Tampines

DBSS = Expensive HDB reality suddenly sinks in

Watch out for HDB resale, can be down 10% in a year

[oops]

What govt trying to do now is to balance wealth distribution..narrow individual social standing.. So still can create wealth using private/hdb? Think again. Better get entry price correct..

[teddybear]

How about PM can only get $1m a year salary? Then all GLC companies CEOs and MNC heads can only get max $1m salary? From top down, while simultaneously implementing min wages of $24k per year in bottom up, the wealth distribution will definitely be narrowed and individual social standing will be narrowed as well?

What govt trying to do now is to balance wealth distribution..narrow individual social standing.. So still can create wealth using private/hdb? Think again. Better get entry price correct..

[repanse71]

Hi all

1. Bank growth is stagnating
2. Developers' suburb play is ending.
3. Developer cannot hold on the luxury properties much longer

Given our gahmen close ties with biz and in fact many GLC involved in properties, the tweaks will come…

ABSD might apply only to the 1st $3m of any property to encourage buying of high end segments….
Clearer LTV guideline where TDSR does not apply….

Regards

[081828]

Hi all

1. Bank growth is stagnating
2. Developers' suburb play is ending.
3. Developer cannot hold on the luxury properties much longer

Given our gahmen close ties with biz and in fact many GLC involved in properties, the tweaks will come…

ABSD might apply only to the 1st $3m of any property to encourage buying of high end segments….
Clearer LTV guideline where TDSR does not apply….

Regards

Not a good idea. It will send the wrong signals.

[Ringo33]

Hi all

1. Bank growth is stagnating
2. Developers' suburb play is ending.
3. Developer cannot hold on the luxury properties much longer

Given our gahmen close ties with biz and in fact many GLC involved in properties, the tweaks will come…

ABSD might apply only to the 1st $3m of any property to encourage buying of high end segments….
Clearer LTV guideline where TDSR does not apply….

Regards

imposing ABSD only for the 1st $3m, will be like telling 90% of the citizens that you still need to pay ABSD because you cant afford more than $3m property. This will be a political suicide for the government for sure.

I actually still think that removing ABSD for property within central area might be a better approach because most >$3m property are still located within the central area region.

[gemstone]

Hi all

1. Bank growth is stagnating
2. Developers' suburb play is ending.
3. Developer cannot hold on the luxury properties much longer

Given our gahmen close ties with biz and in fact many GLC involved in properties, the tweaks will come…

ABSD might apply only to the 1st $3m of any property to encourage buying of high end segments….
Clearer LTV guideline where TDSR does not apply….

Regards

They need red flag.

http://www.youtube.com/watch?v=KgqcmmAg-mo

[oops]

With sg govt strong reserve.. they mass support is much more crucial than hnw investments. Policy has already been tweak for slower growth.

[minority]

How about PM can only get $1m a year salary? Then all GLC companies CEOs and MNC heads can only get max $1m salary? From top down, while simultaneously implementing min wages of $24k per year in bottom up, the wealth distribution will definitely be narrowed and individual social standing will be narrowed as well?

So what? Then chicken rice will cost $10 as all cost increase regardless of ones capability or skills. What a fantastic idea u have.

[minority]

With sg govt strong reserve.. they mass support is much more crucial than hnw investments. Policy has already been tweak for slower growth.

Reserve are finite not a infinite source that will never run out. Policies must be sub stainable.

[minority]

Yah loh, the way you say is also like saying that the MND & MAS are damn stupid? People want to buy will buy, don't want won't buy, no one point a gun to their head, why implement all the cooling measures like SSD, ABSD, LTV, TDSR, MSR blah blah blah since if developers can't sell because of high property selling price the property price will never go up why need all those cooling measures?! So you kiam gong or MND & MAS kiam gong?

Coz people like u tai gong buy until broke then kpkb why mas never stop them. Now limit them they still want to buy who's fault. Like that u so smart must well say out law all transaction!

[teddybear]

At a ratio of 1000,000 / 24,000 = 41.67x, that big multiples is not enough to recognise a person for his capability or skills? These people have 3 heads, 6 arms and 6 legs that can do fantastic things 41.67 number of people cannot (using an analogy quoted by Warren Buffet)?
Regardless of whatever, they are just employee!

So what? Then chicken rice will cost $10 as all cost increase regardless of ones capability or skills. What a fantastic idea u have.

[minority]

At a ratio of 1000,000 / 24,000 = 41.67x, that big multiples is not enough to recognise a person for his capability or skills? These people have 3 heads, 6 arms and 6 legs that can do fantastic things 41.67 number of people cannot (using an analogy quoted by Warren Buffet)?
Regardless of whatever, they are just employee!

So you are saying people with no skills should have no jobs?

I guess should tax u more to feed those who can't get job coz no skills.

[teddybear]

People should be adequately paid for doing an honest job, and hence need protection with min wages like what govt is implementing for cleaners now so that these workers will not be exploited by unscrupulous business owners like you!

Next they are targeting min wages for security guards!

Next they are targeting min wages for service staffs!

Soon, we will see min wages for almost all professions!

If govt don't think chicken rice at $10 is a problem, why are you complaining? You think you are smarter than them?!

So you are saying people with no skills should have no jobs?

I guess should tax u more to feed those who can't get job coz no skills.

[minority]

People should be adequately paid for doing an honest job, and hence need protection with min wages like what govt is implementing for cleaners now so that these workers will not be exploited by unscrupulous business owners like you!

Next they are targeting min wages for security guards!

Next they are targeting min wages for service staffs!

Soon, we will see min wages for almost all professions!

If govt don't think chicken rice at $10 is a problem, why are you complaining? You think you are smarter than them?! tongue3:

So those who's skill can't be worth $2000 a mth get replaced with processed. How? Tax ur more to feed them? At least now no skills can still take lower paying jobs to get by.

So u are saying $10 chicken rice is ok?

So what the pay become 2000 pm. When basic cost all inflate becoz of that. Lppl. Feel good for how long before kpkb n min wage need to be 3k?

[minority]

Btw government never say $10 chicken rice is ok. They say if u want $10 chicken rice the chicken rice need to be more quality no just plane old chicken rice.

Get it through ur numb skull.

[teddybear]

If you want to cow-pay cow-bull, please take it out with the Government and not me! I didn't implement min wages for cleaners and security guards! It is the govt! Soon they will implement min wages for retail staffs as well!

Since you are the one saying introducing min wages will result in chicken rice raising to $10, please raise your issue with the govt!

But I doubt you dare to raise with the govt, because you are just No Action Talk Only with no balls in front of the authority and only dare to cpcb and attack other forumers here!

So those who's skill can't be worth $2000 a mth get replaced with processed. How? Tax ur more to feed them? At least now no skills can still take lower paying jobs to get by.

So u are saying $10 chicken rice is ok?

So what the pay become 2000 pm. When basic cost all inflate becoz of that. Lppl. Feel good for how long before kpkb n min wage need to be 3k?

People should be adequately paid for doing an honest job, and hence need protection with min wages like what govt is implementing for cleaners now so that these workers will not be exploited by unscrupulous business owners like you!

Next they are targeting min wages for security guards!

Next they are targeting min wages for service staffs!

Soon, we will see min wages for almost all professions!

If govt don't think chicken rice at $10 is a problem, why are you complaining? You think you are smarter than them?!

[teddybear]

You are the one saying chicken rice will go to $10 if min wages are implemented (just like many business owners)!

However, govt don't give a hood about what these business owners like you are saying and go ahead to implement min wages for cleaners anyway, so I deduce that they don't think chicken rice will go to $10 or it is Ok since the boat for all the poor has been lifted! Furthermore, as you said, if chicken rice can go to $10, won't it be of higher quality and high standard? What is the problem? I believe you are the KIAM GONG NUMB SKULL, not the govt you are complaining about for implementing min wages!

Oh I forgot, you don't even dare to admit that you are criticising the govt for implementing min wages because you got no balls! So Are you criticising min wages? Admit or deny it!

Btw government never say $10 chicken rice is ok. They say if u want $10 chicken rice the chicken rice need to be more quality no just plane old chicken rice.

Get it through ur numb skull.

[minority]

If you want to cow-pay cow-bull, please take it out with the Government and not me! I didn't implement min wages for cleaners and security guards! It is the govt! Soon they will implement min wages for retail staffs as well!

Since you are the one saying introducing min wages will result in chicken rice raising to $10, please raise your issue with the govt!

But I doubt you dare to raise with the govt, because you are just No Action Talk Only with no balls in front of the authority and only dare to cpcb and attack other forumers here!

that is not min wage. its progressive wage. u need to skill up to get to do more. ur dumb min wage is a 1 size fit all. no need improve skills also must pay 2K per mth.

u trying to bluff who?

So like that say the pang kopi aunty who suddenly see bay happy pay become $2000 but next day her boss tell her go back lar kopi coz the stall cannot afford to pay her $2000 pm. Then this aunty how?

Many are part time house wifes who need some income to supplement their household. Min wage don't give them $. they straight away no job. and at the same time overall cost goes up. the aunty better off?

UR MIN WAGE DONT WORK! HAI LANG more like it.!



Next u will be screaming Dole Dole Dole! must have Dole!