godloveyou 0 Report post Posted January 15, 2011 So, you got chiong and grab some or not? property and bank counters in stock market yesterday kena whack big time, citydev, capland, kepland, dbs, uob, ocbc.... all not spared... BT 15/1/2011 Share this post Link to post Share on other sites
chia90 0 Report post Posted January 15, 2011 i think this should be better for the bank....take out some risks from their biz... property and bank counters in stock market yesterday kena whack big time, citydev, capland, kepland, dbs, uob, ocbc.... all not spared... BT 15/1/2011 Share this post Link to post Share on other sites
godloveyou 0 Report post Posted January 15, 2011 i think this should be better for the bank....take out some risks from their biz... Bingo ! Share this post Link to post Share on other sites
titanax 0 Report post Posted January 15, 2011 (edited) Their intention is not for the prices to drop, its to prevent flippers from making the prices go up higher and the masses cannot afford their 1st home, its done with good intentions. After all, if one is staying in a HDB and is buying for own stay, it shouldn't impact them unless these dwellers say one thing and do another true, but you'd wonder if it a bit of "too-little-too-late" reactive measure for the coming elections, or "better-late-than-never"... this coming Mar sch holidays we "might" know Edited January 15, 2011 by titanax Share this post Link to post Share on other sites
neubie 2 Report post Posted January 15, 2011 So, you got chiong and grab some or not? all the while vested in banks and property counters, yesterday's selloff still ok, portfolio still green... i would think yesterday's prices are more of a kneejerk reaction Share this post Link to post Share on other sites
tropmixxer 1 Report post Posted January 15, 2011 I think these changes are happening too fast in succession. Share this post Link to post Share on other sites
neubie 2 Report post Posted January 15, 2011 http://www.straitstimes.com/BreakingNews/S...ory_624498.html Property measures: Investor forfeits $10,000 fee PROPERTY investor Angela Hou knows what the new cooling measures have cost her - around $10,000. That is the princely amount she walked away from yesterday after deciding to forfeit her booking fee for a condominium unit she had set her heart on. Ms Hou, 28, was about to buy two condo flats when she heard the news on Thursday night. Share this post Link to post Share on other sites
therat 18 Report post Posted January 15, 2011 Individual = human non individuals = non human = companies, trusts or some collective investment schemes. I like your explanation Share this post Link to post Share on other sites
therat 18 Report post Posted January 15, 2011 http://www.straitstimes.com/BreakingNews/S...ory_624498.html this are the group that this new rule are targeting Wear too big hat Share this post Link to post Share on other sites
bepgof 20 Report post Posted January 16, 2011 (edited) Alway find true in reality that he who with smaller heads like to wear big hat, simply they wanted to be "looked" big. He who with big heads always prefer to wear smaller hats. They knew well the impacts for wearing big hat. this are the group that this new rule are targeting Wear too big hat Edited January 16, 2011 by bepgof Share this post Link to post Share on other sites
Jgal 0 Report post Posted January 16, 2011 Alway find true in reality that he who with smaller heads like to wear big hat, simply they wanted to be "looked" big. He who with big heads always prefer to wear smaller hats. They knew well the impacts for wearing big hat. yup agreed.. think the gvt is making the right move to make ppl rethink their financial cap. Personally, think that no one shld buy a house that she/he is short by more than 60%. They shld at least has 40% in cpf / cash. Whether or not , they take 60% loan is another thing. Share this post Link to post Share on other sites
GMC 12 Report post Posted January 16, 2011 agreed. think govt is targeting the 'flippers'.... as for the lower loan, they probably trying to make sure the mass mkt are not over stretching when everyone is trying to get a bit of action during this property upward cycle. think their intention is to slow down the price increase, not to bring down the prices bah... Buying votes for the coming GE..? LOL You are right that it is targetting at flippers. Flippers make money, govt also make (a bigger share via SSD). Wanna cool the property, implement a MOP on private pte and stop PRC from buying. PRC are cash rich, they take very little mortgage.... Share this post Link to post Share on other sites
GMC 12 Report post Posted January 16, 2011 yup agreed.. think the gvt is making the right move to make ppl rethink their financial cap. Personally, think that no one shld buy a house that she/he is short by more than 60%. They shld at least has 40% in cpf / cash. Whether or not , they take 60% loan is another thing. This only applies to flippers. "No money, don't flip" For upgrading and 1st time buyers, all not affected. So long selling option exercised, banks will loan 80%. Paint a scenerio, if a person already sold his existing house (and buyer exercise option), the seller will rush into the market and buy, but due to time constraint and lack of choices for ready homes, he may pay a higher price... in the end, prices will still inch up. Share this post Link to post Share on other sites
ElizabethI 0 Report post Posted April 22, 2011 Jesus, I couldn't imagine this is that tough... Share this post Link to post Share on other sites
sgpropagents 0 Report post Posted April 26, 2011 The property price index is still going up, so hopefully these new measures will work and be substantial enough to keep speculators away. I’m hoping that prices will come down. Share this post Link to post Share on other sites
