tag:blogger.com,1999:blog-7944902213075756335.post6140654227104157155..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): More cooling measures on the way?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-7944902213075756335.post-48021136503857515582014-07-24T12:41:31.743+08:002014-07-24T12:41:31.743+08:00The property market may be stabilising but it is s...The property market may be stabilising but it is still "too early" to ease the cooling measures that were introduced in recent years, the Monetary Authority of Singapore (MAS) said on Thursday (July 24).<br /><br />This is because home prices remain elevated while global interest rates are at historical lows, MAS Managing Director Ravi Menon said.<br /><br />Speaking at the release of AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82610731521902277292014-07-04T21:42:23.678+08:002014-07-04T21:42:23.678+08:00Home prices in Singapore may have been moderating ...<i>Home prices in Singapore may have been moderating for several straight quarters now, as cooling measures introduced by the Government continue to take effect.<br /><br />However, while taking questions at the DBS Asian Insights Conference, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said the cycle is "not over".<br /><br />"Market players will determine AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37673345135599999482013-07-07T23:52:59.181+08:002013-07-07T23:52:59.181+08:00Malaysia's central bank has imposed measures o...Malaysia's central bank has imposed measures on household lending, including limits to loan tenures, which economists on Sunday said will reign in "excessive" consumer borrowing and curb property speculation.<br /><br />Bank Negara Malaysia said it will now only allow personal loans of up to 10 years while financing for both residential and non-residential properties will have a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52993907069686401022013-07-07T23:51:20.617+08:002013-07-07T23:51:20.617+08:00Deputy Prime Minister and Finance Minister Tharman...Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Sunday said that the latest home loan rules are not another round of property cooling measures, and that the market is showing signs of stabilising.<br /><br />Mr Tharman said the new Total Debt Servicing Ratio Framework is a long-term rule to get banks to start practising prudence when it comes to total debt.<br /><br />Source:AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73183379053322523922013-06-30T08:47:58.154+08:002013-06-30T08:47:58.154+08:00Monetary Authority of Singapore (MAS) said the mov...<i>Monetary Authority of Singapore (MAS) said the move aims to encourage financial prudence and cool demand.<br /><br />David Teo, a potential property buyer, said: "If you have a car now, maybe with the 50 per cent down payment and with the car prices now, then of course more of your income will be locked up in your car. But if you got your first house, then if you're really stretching AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44385787603141037292013-06-28T22:01:31.651+08:002013-06-28T22:01:31.651+08:00The Monetary Authority of Singapore (MAS) has set ...<i>The Monetary Authority of Singapore (MAS) has set new home loan rules which discourage lenders from making property loans that result in individual borrowers using more than 60 per cent of their monthly incomes to service debt.<br /><br />When working out loans to be granted to home buyers, banks will have to consider the monthly repayment for the property loan that the borrower is applying AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23981179062540712932013-03-14T18:41:03.422+08:002013-03-14T18:41:03.422+08:00Hi Sanguine,
Oops, these are Minister Khaw's ...Hi Sanguine,<br /><br />Oops, these are Minister Khaw's words. Please click on the link to his blog. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13735248679717543182013-03-14T16:31:24.341+08:002013-03-14T16:31:24.341+08:00Hi AK71,
what is the link to your facebook page w...Hi AK71,<br /><br />what is the link to your facebook page with the chart?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21425654942954091432013-03-14T15:57:21.386+08:002013-03-14T15:57:21.386+08:00I have put up a chart on my Facebook page to give ...<i>I have put up a chart on my Facebook page to give a visual representation of the upcoming housing supply. We will refresh the chart with each GLS/BTO update.<br /> <br />For those contemplating buying a property, please study these websites and be prudent. Do bear in mind that the current low interest rate is unusual, and the normal high interest rate will return in time to come.</i><br /><AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78011850570402017872013-03-08T23:55:21.444+08:002013-03-08T23:55:21.444+08:00In Singapore, curbs including a seller's stamp...<i>In Singapore, curbs including a seller's stamp duty and increased taxes for foreigners and corporates were introduced in January, rounding out the nation's seventh round of cooling measures in the last four years.<br /><br />While the curbs do temporarily affect transaction volumes, according to Wee Liat Lee, managing director, head of property research, BNP Paribas Securities Asia, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63732467035909834142013-03-01T19:27:11.328+08:002013-03-01T19:27:11.328+08:00Singapore has imposed steps to cool the housing ma...<i>Singapore has imposed steps to cool the housing market since 2009, with the last round in January including an increase of as much as 7% in stamp duties. The finance minister said he is “pretty confident” that the government will get a handle on the situation.<br /> <br /><b>“We’re still in a wrong part of the cycle,” and there is still “some ways to go” before prices are at an acceptable AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88337166680189069772013-01-30T18:58:01.592+08:002013-01-30T18:58:01.592+08:00Macquarie says:
"Slower population growth im...<i>Macquarie says:<br /><br />"Slower population growth implies slower housing demand. This trend will play out against a backdrop of record completions," it says, noting a combined 200,000 public and private housing units due to come on stream through 2016.</i>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21001433725454248792013-01-11T21:13:41.355+08:002013-01-11T21:13:41.355+08:00More property cooling measures announced
11 Januar...<b>More property cooling measures announced</b><br />11 January 2013, CNA<br /><br />The Singapore government on Friday announced additional measures to cool the residential property market.<br /><br />The ABSD will now be extended to permanent residents buying their first residential property and on Singaporeans buying their second residential property. <br /><br />The minimum cash downpayment AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44907637941758178382012-10-09T11:32:59.873+08:002012-10-09T11:32:59.873+08:00The Monetary Authority
of Singapore (MAS) has capp...<i> The Monetary Authority<br />of Singapore (MAS) has capped all new residential property loans at 35 years wef 6 October 2012. For loans to individuals, if the tenure<br />exceeds 30 years or if the loan period extends beyond the retirement age of 65, the loan-to-value (LTV) will be capped at 40% if the borrower already has one or more outstanding residential mortgage, and 60% if he has none.<AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60612162922942098632012-10-05T21:05:40.537+08:002012-10-05T21:05:40.537+08:00Singapore on Friday set a maximum tenure of 35 yea...<i>Singapore on Friday set a maximum tenure of 35 years for all new residential property loans as part of new measures to cool its housing market.<br /> <br />The new rules, which take effect from Oct 6, apply to both private homes and government-built Housing and Development Board (HDB) apartments, the Monetary Authority of Singapore (MAS) said in a statement.<br /><br />“Over the last three AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35237353787074123042012-03-24T15:59:13.042+08:002012-03-24T15:59:13.042+08:00Hi Ray,
Interest rates won't stay this low fo...Hi Ray,<br /><br />Interest rates won't stay this low forever. Till 2014 is a good guess.<br /><br />Anyone who is thinking of buying and selling a property now within a 4 years period will have the seller's stamp duty to think about. <br /><br />If he sells within the first year, he would have to pay 16% stamp duty to the government. 12% in the 2nd, 8% in the 3rd and 4% in the 4th. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85868993650030804072012-03-24T15:51:13.534+08:002012-03-24T15:51:13.534+08:00Hi AK, thanks for helping to address my queries. B...Hi AK, thanks for helping to address my queries. But would u say given the low interest rates now and property prices only climbing slower (not dropping), buyers of new condo now can still make money by selling it off at a marginally higher price compared to a few years ago where it might be double the price.Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91017367566056981952012-03-24T11:56:31.505+08:002012-03-24T11:56:31.505+08:00Hi Ray,
Rental demand has definitely weakened and...Hi Ray,<br /><br />Rental demand has definitely weakened and the constant supply of newly completed condos adds downward pressure to rental.<br /><br />I know two cases personally in which tenants are offering significantly lower rentals when renewing their contracts. One went from $5,300 to $4,500 (980sf 2 bedder) and one went from $4,300 to $3,500(690sf 1 bedder). Both are located near MRT AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59939682892913745682012-03-24T11:08:20.987+08:002012-03-24T11:08:20.987+08:00Hi guys,
If there are fewer buyers, would that me...Hi guys,<br /><br />If there are fewer buyers, would that mean people renting will be fewer as well?<br /><br />With the cuts by the govt on the number of EP they are giving out, I believe the rental sector is going to be worse, if its not already very bad now.<br /><br />With all these in play, buying properties will no longer be very profitable.<br /><br />Any thoughts?Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56010428833380601092012-03-24T09:08:04.463+08:002012-03-24T09:08:04.463+08:00Hi SMOL,
As a fellow salesman, I agree with your ...Hi SMOL,<br /><br />As a fellow salesman, I agree with your observations. Convincing clients to part with as much of their money as possible is an art. Some do it better than others.<br /><br />Indeed, developers are pulling out all the stops to sell their newly launched projects. What we read about and what we hear about are those projects which have been marketed well and have sold well. <br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64423803071053883462012-03-23T23:44:19.572+08:002012-03-23T23:44:19.572+08:00I like your observation AK.
I not a property inve...I like your observation AK.<br /><br />I not a property investor yet, so can't add comments that's backed with personal experience.<br /><br />But as a salesman, I can say this:<br /><br />When there are long queues of buyers queuing overnight at the showrooms, do developers need to advertise their launches?<br /><br />Now we see lots of colourful ads in the papers and TV every day. <br Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15175564827401958102012-03-23T10:54:37.898+08:002012-03-23T10:54:37.898+08:00Hi TOOTB,
Hope you don't mind me shortening y...Hi TOOTB,<br /><br />Hope you don't mind me shortening your nick. ;)<br /><br />You are not alone. Few remember that developers must now sell out their projects within 5 years of acquiring the land. It is something that is not frequently reported and, of course, the developers will not remind us of this fact either. ;)<br /><br />From the moment a piece of land is acquired, it takes a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16364900177063097232012-03-23T10:35:20.201+08:002012-03-23T10:35:20.201+08:00Hi AK71,
Agree with your views. I missed out on t...Hi AK71,<br /><br />Agree with your views. I missed out on the "5 years developers time frame once they got the land to sell or else they get slapped with a stamp duty." No wonder my friend said the developer has been bugging him to close fast and reducing the price without much bargaining. Its still too high though.And very good point on the observation that new launches are doing ThinkOutOfTheBoxhttps://www.blogger.com/profile/17400357932489373931noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63490620602554190062012-03-23T10:32:42.432+08:002012-03-23T10:32:42.432+08:00Hi BC,
Natura @ Hillview. 3 bedder, 635 sq ft. $1...Hi BC,<br /><br />Natura @ Hillview. 3 bedder, 635 sq ft. $1400+ psf. This might actually do well if it were located in RCR. It is located OCR and about 1km away from the nearest MRT station at Bukit Gombak. I wouldn't touch this but that's just me. It might just sell out. People might just want a freehold property "cheap". Who knows?<br /><br />As for commercial and industrial AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77600677906536302182012-03-23T10:16:25.536+08:002012-03-23T10:16:25.536+08:00The govt has already started to look at how some i...The govt has already started to look at how some industrial units are being used as offices; but having said that, I reckon there will not be any hard measures being imposed on Commercial/Industrial sectors. These sectors consist mainly the sophiscated investors and institutional funds and the govt is unlikely to 'disturb' the market and will just let market forces to decide, as long as BChttps://www.blogger.com/profile/11253872443993691298noreply@blogger.com