Re: Here comes more Property measures!!!
ya bro recycled money is def one. the hdb upgraders and the landed downgraders. both would have substantial downpayment. but looking at the latest cooling m, its the investment demand they targeting, the 2nd ppty on type.
w entry level private now min 1m, one would need at least 250-450k cash, considering restrictions on using cpf for 2nd ppty and depending if its 2nd mortgage 60% LTV.
in my view, the gahmen can b rightly worried of a bubble. rental has been dropping, yet ppty prices keep going up, low int rate is only temp, sales r fr new launches do not TOP til 2015, 2016 so servicing of loan has not kicked in yet, the supply tat wil come onto the mkt in 2013 n 14 is real and yes they masterplan 6.5m but now only 5.3m population, they alr had to hold back.
ccc;944131 said:Could be recycled money?
Sell landed make few millions and buy condos under children name?
Like those reported sky high COV are paid using recycled money.
Money goes around.
Even hdb bto 6-7years back bought at 150-200k now worth 500-600k. Hahaha
ya bro recycled money is def one. the hdb upgraders and the landed downgraders. both would have substantial downpayment. but looking at the latest cooling m, its the investment demand they targeting, the 2nd ppty on type.
w entry level private now min 1m, one would need at least 250-450k cash, considering restrictions on using cpf for 2nd ppty and depending if its 2nd mortgage 60% LTV.
in my view, the gahmen can b rightly worried of a bubble. rental has been dropping, yet ppty prices keep going up, low int rate is only temp, sales r fr new launches do not TOP til 2015, 2016 so servicing of loan has not kicked in yet, the supply tat wil come onto the mkt in 2013 n 14 is real and yes they masterplan 6.5m but now only 5.3m population, they alr had to hold back.