Asked by a***@gmail.com
Will the latest cooling measure stablize the price or resale flats?
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4 Answers
Hi, base on latest measures it takes time to cool the market. Overall it affect CCR properties, foreigners and investors due to the loan to value ratio and additional tax required. For resale, it awaits who to give way in the middle.
Welcome any questions at 9696 4398 via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
Welcome any questions at 9696 4398 via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
Hi,
1) This cooling measure affects more on central region properties.
2) Foreigners and SPR who wished to invest in multiple properties will have more impact.
3) This is to ensure that the foreign investors do not take the advantage of our stable property market and dump their funds here.
4) It is also addressing the over-leverage on our finance institute funds based on their hefty income.
5) There is no effect on the HDB resale flat as SPR can only apply for a bank loan. Totally does not affect the SPR families who wished to settle in Singapore.
6) But there will be an impact for young SC families who wish to start their family earlier and need the advantage of the low down-payment under the HDB loan.
7) This is going to delay those lower-income and young groups to save enough for their 1st home in the resale market.
8) The govt is forcing these groups to buy BTO instead.
9) But the rise of price in resale HDB is mainly driven by the middle and higher income who are upgrading or downgrading their flat type. Therefore personally feels there is no impact on the price of the resale flat.
10) The govt might address this after the announcement of the Q4 2021 HDB resale price. Therefore if you are looking for a resale flat now it is advisable to act now before something unfavoured is announced.
11) Note that this announcement was made near midnight so as not to create an unnecessary rush in the market.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) This cooling measure affects more on central region properties.
2) Foreigners and SPR who wished to invest in multiple properties will have more impact.
3) This is to ensure that the foreign investors do not take the advantage of our stable property market and dump their funds here.
4) It is also addressing the over-leverage on our finance institute funds based on their hefty income.
5) There is no effect on the HDB resale flat as SPR can only apply for a bank loan. Totally does not affect the SPR families who wished to settle in Singapore.
6) But there will be an impact for young SC families who wish to start their family earlier and need the advantage of the low down-payment under the HDB loan.
7) This is going to delay those lower-income and young groups to save enough for their 1st home in the resale market.
8) The govt is forcing these groups to buy BTO instead.
9) But the rise of price in resale HDB is mainly driven by the middle and higher income who are upgrading or downgrading their flat type. Therefore personally feels there is no impact on the price of the resale flat.
10) The govt might address this after the announcement of the Q4 2021 HDB resale price. Therefore if you are looking for a resale flat now it is advisable to act now before something unfavoured is announced.
11) Note that this announcement was made near midnight so as not to create an unnecessary rush in the market.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1
Dear sir/madam,
Putting into perspectives on the latest round of measures put in place for HDB market, if we look closely at how the market was behaving prior the implementation, we have been seeing record high number of million dollars HDB transactions as well as COVs being involved in majority of the transactions. The latest measure in place for HDB market is basically lowering the LTV for borrowers intending to take up HDB loan, and my main guess is that with the BTO supply that is going to ramp up in 2022. with an eye on the PLH, this move to lower the LTV is to ensure that buyers of these homes are financially ready to come into the market. I do not foresee big changes other than upgraders who are now required to sell their existing HDB before upgrading due to the increase in ABSD, where previously they maybe thinking about keeping the existing HDB. With bigger supply up in the market for buyers to choose from, this may put buyers in a slightly better position to negotiate for a slightly more favourable price in terms of the purchase.
I have been in the real estate business since 2009, with more than 12 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
Putting into perspectives on the latest round of measures put in place for HDB market, if we look closely at how the market was behaving prior the implementation, we have been seeing record high number of million dollars HDB transactions as well as COVs being involved in majority of the transactions. The latest measure in place for HDB market is basically lowering the LTV for borrowers intending to take up HDB loan, and my main guess is that with the BTO supply that is going to ramp up in 2022. with an eye on the PLH, this move to lower the LTV is to ensure that buyers of these homes are financially ready to come into the market. I do not foresee big changes other than upgraders who are now required to sell their existing HDB before upgrading due to the increase in ABSD, where previously they maybe thinking about keeping the existing HDB. With bigger supply up in the market for buyers to choose from, this may put buyers in a slightly better position to negotiate for a slightly more favourable price in terms of the purchase.
I have been in the real estate business since 2009, with more than 12 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
Hi,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, it would not have much impact to those who are buying their first property.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, it would not have much impact to those who are buying their first property.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More