News Flash: Additional buyer's stamp duty for private property from Dec 8

[wobbles]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

we are all just numbers to the GOV

Ah, bro marcusrichard, but some numbers are very important to the garhmen, you see. For example:

10 million is how much LKY is putting into his bilingualism fund 8)
8 hundred thousand is the basic asking price for a DBSS :yikess:
13 is the number of years that a certain son of a prominent man with pigmentary deficiency of the hair follicles managed to allegedly siam NS :shhhh:
5807429875157903497098471293487904743134999 is the unknown amount that a certain person whose name reminds me of Christmas ("Ho Ho Ho" and how the bells go "Jing Jing Jing Jingle all the way") could have possibly blown on dodgy investments :screwedu:

So, what's another 3, 3 or 10 to my fiscally prudent, financially inclined, economically savvy garhmen?

Let them eat cake, a certain Marie Antoinette said, as Paris was starving.

Hor ee lang longzhong jiak loti, is what a certain establishment with the insignia of Zeus paraphrased.

Don't get me wrong. I'm irrelevant.

 

[marcusrichard]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

got loti

not hungry

but not full or well fed

as long as not hungry or starving
common citizen will just slave on Pay And Pay
and not to revolt,,,,

how to bw world class when "slavery" is still the norm
and a common free man cannot say wat they want
but need to apply a licence from police(Gov)
just to speak....

GOV just not transparent
till now Pay and Pension issue not setttle...
HDB GIC TEM etc etc
all not know to public
its ppl's , Singaporean company

 

[wobbles]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

Limpeh also have same thoughts as you... my favourite phrase: 吃不饱, 饥不死 ... jiak buay bao, yao buay si... haizzzzz.

 

[pengful]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

Looks like an opportunity to gun for some property developers shares

I will wait for opportunity to gun for some developments near city. Finally, these unrealistic property prices are coming down.

 

[marcusrichard]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

haha... u should join us
we always have mini meetup kopi sessions

cheers

another 4yr ++ to go

 

[pengful]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

Truth be told, I'm not exactly what anyone would call a pom-pom wielding, cheer-leader kicking, ardent/die-hard supporter of our Pay & Pay - BUT, for the first time in many many many MANY years, I'm finally seeing a policy that differentiates a Singaporean from a foreigner, and all this is to help let the air out of the bubble slowly, without causing a bigger shock/more pain to the system sometime down the road.

Clearly, the government has FINALLY admitted what we plebieans knew all along - that foreign demand has driven up prices to an unsustainable level. This is as CLEAR to the man on the street as the fact that THERE AREN'T ENOUGH CBD PARKING SPACES, no matter WHAT the statistics would say. Well, I say good for them that they've taken action to prevent a Singapore mega-bubble pop so bad that it'd make the American Subprime look like Audrey Hepburn did a fart in a restaurant.

And good for us - for those looking to get into the market, there you go, stop ya yapping & start bringing out your checkbooks. For those already IN the market, well, though, but if there's one thing I know, what goes up will come down, what comes down, will go up - so hang in there, and make sure you have enough to service your next mortgage repayment. For those who are not in anyway invested or without any vested interest whatsoever - good for you too: you get to see the whole drama mama being played out in slow motion, with ring-side seats.

KNNCCB, it's about time my pink IC is made to feel a little different from those hordes of green/blue card holders... and for once, there is a slight difference. Not bad, maybe the Pay & Pay guys ARE listening to the election results after all. Must vote wisely...

Well said

All these high prices we are seeing do not just drop from the sky. The govt has lost control of the consequences of their policies made in the ivory towers, far away from the common folks. They have to wake up else there will not be "more good years" for them. Yes, this is the only policy that differentiates us true-blue Singaporeans from foreigners who were made to believe that they, too, deserved a piece of this pie.

I 100% agree that if not for the opposition, the PAP govt will never make this "unthinkable" move! So having opposition is working and we need more of them to "slap the f**king driver"!

 

[wobbles]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

haha... u should join us
we always have mini meetup kopi sessions

cheers

another 4yr ++ to go

Onnz. But wait until I get my F13 delivered first ... at least when I drive the F13, uncle here can feel a little younger a bit, hahahahahaha.

 

[wobbles]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

I 100% agree that if not for the opposition, the PAP govt will never make this "unthinkable" move! So having opposition is working and we need more of them to "slap the f**king driver"!

Bro pengful, I sappork you 100%. I pass you my well used, well loved fly swatter to help slap the fcuking driver! :whipper:

 

[wt_know]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

in 9pm news, the interviewed foreigner said he will buy immediately if property price is corrected 10-15% to offset the 10% stamp duty
so, the winner is gov collected "additional" 10%?
may be the top brain behind this new meausure is to generate more $$$ .....

 

[marcusrichard]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

it always is....

i alr said

gov always wins
any measures they put out only they will pocket $

see all the measures now and in jan
all is $ in gov pocket...

just decrease selling price of new HDB flat
lesser money for gov
will solve most of problem
not all but most...
but...

 

[Mockngbrd]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

just decrease selling price of new HDB flat
lesser money for gov
will solve most of problem
not all but most...
but...

yup.. unpeg new flats to resale prices, or just stop PRs from buying HDBs... or impose levies on PRs buying HDB.... but as it is now, nothing for HDB.

 

[marcusrichard]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

but no YES man will tell their boss

"i got great ideal!
lets earn less and solve all singaporean's problem!
lets decrease all our profit n bonus
sell cheaper HDB!"

....

they will say...
i got super good idea!
increase seller stamp duty cannot - earn abit only since no one selling now
lets increase buyer stamp duty - earn abit here n there
= more profit for gov = promotion = happy MP(BOss) = more bonus $$$

 

[dpointt]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

ABSD - Additional "BONUS" Stamp Duty

 

[cabrio_ken]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

and i thought my purchase price would be the lowest in 2010 and 2011 at my estate. so there will be someone else lower damn. oh well that life cant win all the time

 

[zorro]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

Time for some correction......Upper end condo should see a sharper decline........

 

[delrosa81]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

main cause of problem

GOV HDB
buy from HDB so ex
so Resale HDB become ex
so upgraders with money n foreigners make private ex
so everything ex rent property etc

if HDB stop selling new flats at $300 400 500k
and sell at $200-300k

all resale n private property will just come down n correct itself

they add so many newrules
just wont sell cheaper
and wont open up wat is the cost of them building HDB
and wat is the Profit they are taking
HDB is suppose to make big profits?????

I do agree that selling at lower prices, all prices will come down sooner or later, BUT problem is, existing HDB owners would make a big hoo haa, that their resale value has gone down and start complaining about government also.

Cannot please everyone also.

 

[hitmee]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

the price plunge, i plunge into the market

 

[marcusrichard]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

ya delrosa
i said most problem not all

but most ppl buy last time from gov cheap
only small % buy from gov at high price now
all is paper value even now high
sell high u need to buy high
the pl suffering is the new generation of ppl buying new
and our childern next time who is going to buy
i think my kid need to pay $1m for 3 rm flat from HDB in 20 yrs time??

only ppl laughing to bank is GOV

but main problem is gov all yes man
no one will have balls to say this

 

[thongsoon]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

when the foreigner heard of these tax, they will run away already.
this is bad for the market.

 

[ipoh-horfun]

Re: News Flash: Additional buyer's stamp duty for private property from Dec 8

its just a cooling period. cannot every week show flat full house mah.... will come back one... there is still demand in property here.