given that interest rate likely to stay low after Brexit, it is very unlikely Government will remove the cooling measure any time soon.
MACRO VS MICRO economic development' s consideration!!
Has to stop.
The Cooling Measures especially directed at the local Property Market for the purpose of last Election has to stop.
The Men in White must know this :
Supportive Votes are not because you cooled down the Property Markets
Supportive Votes are if you make Singapore prosperous and economy in a robust mode
If property prices are dampen and economy getting worse, it does the ruling powers no favors at all.
Already property agents are suffering.
Already property related business are suffering .Singapore needs to ease up a bit more.
Otherwise, sporeans will buy foreign properties and Singapore will lose out!
Remove the ABSD for Singaporeans
U can't stop corporate purchases, home dwellers don't need to stay in 2 homes.
Corporate are not individual home dweller
Currently supply is way off demand. Relaxed interest rates and policies had caused px to skyrocket astronomically.lifting cooling measures will increase demand by corporate purchases. Anyway our interest rates is super low compared to China*s at 5.6% with 50% loan to value.
Mark my words - the eruption of pent up demand will be savage if there is no gradual easing. And many newbies and novices will rush in with the herd and be slaughtered.
When the time is ripe.. wait
if the cooling measures are not gradually lifted, I fear an erupting and massive overboil once they are finally lifted and many novices will be severely burnt. Hence there is a compelling logic to ease gradually starting with lifting ABSD for Singaporean citizens.
When the time is ripe.. wait
if the cooling measures are not gradually lifted, I fear an erupting and massive overboil once they are finally lifted and many novices will be severely burnt. Hence there is a compelling logic to ease gradually starting with lifting ABSD for Singaporean citizens.
if the cooling measures are not gradually lifted, I fear an erupting and massive overboil once they are finally lifted and many novices will be severely burnt. Hence there is a compelling logic to ease gradually starting with lifting ABSD for Singaporean citizens.
Cannot .... we have to keep all cooling measures in place... if not those excess money from the printing machine will flow in and create chaos within our market....
Especially when all major market is in bubble... we cannot join them... also remember singapore cannot print money like the rest...we need to maintain order and stability to prevent and contain any possible crisis that singapore may face...
We need to transform our economy workforce for the future...
Corporate are not individual home dweller
Currently supply is way off demand. Relaxed interest rates and policies had caused px to skyrocket astronomically.lifting cooling measures will increase demand by corporate purchases. Anyway our interest rates is super low compared to China*s at 5.6% with 50% loan to value.
Why would that lead to a bubble if it's for habitation and not speculation
Currently supply is way off demand. Relaxed interest rates and policies had caused px to skyrocket astronomically.lifting cooling measures will increase demand by corporate purchases. Anyway our interest rates is super low compared to China*s at 5.6% with 50% loan to value.
Why would that lead to a bubble if it's for habitation and not speculation?
It's good but rt already mentioned why no
It's good but rt already mentioned why not
Alternatively remove the ABSD for Singaporeans upgrading from their present homes, ie 1-for-1 replacement also can 🙂
Alternatively remove the ABSD for Singaporeans upgrading from their present homes, ie 1-for-1 replacement also can 🙂
Remove the ABSD for Singaporeans
U need to consider that fact that US japan eU is in big bubble and we cannot join them..
