The government's latest round of property market cooling measures - imposing a range of additional buyer's stamp duties on private home purchases - helps most genuine owner-occupier buyers, specifically citizens and permanent residents who may be affected by affordability issues.
Wednesday's announcement of an additional buyer's stamp duty of 10 percent for foreigners and 3 percent for Permanent Residents already owning one or more properties and for Singaporeans already owning two or more properties caught the market by surprise.
In my own opinion, this will give a negative impact to Singapore private property market, as well as its HDB resale market. Developers with many unsold units would have to spend more years to clear out it stocks. And to answer whether it is a good time to start accumulating stocks now, I can't give a clear answer but we will see the impact by another next few more quarters.
"Cash Is King" is always a good choice when we can foresee that the market is dropping. Let's wait for the bad time to come and buy it at cheap price. :)
Subscribe to:
Post Comments (Atom)
View All My Posts Here
-
►
2015
(4)
- ► March 2015 (1)
- ► February 2015 (3)
-
►
2014
(191)
- ► December 2014 (2)
- ► November 2014 (8)
- ► October 2014 (8)
- ► September 2014 (6)
- ► August 2014 (51)
- ► April 2014 (5)
- ► March 2014 (10)
- ► February 2014 (19)
- ► January 2014 (20)
-
►
2013
(175)
- ► December 2013 (12)
- ► November 2013 (7)
- ► October 2013 (12)
- ► September 2013 (7)
- ► August 2013 (31)
- ► April 2013 (20)
- ► March 2013 (8)
- ► February 2013 (13)
- ► January 2013 (18)
-
►
2012
(132)
- ► December 2012 (43)
- ► November 2012 (11)
- ► October 2012 (7)
- ► September 2012 (31)
- ► August 2012 (20)
- ► March 2012 (1)
- ► January 2012 (5)
-
▼
2011
(226)
-
▼
December 2011
(10)
- Things to take note when Investing in Shares using...
- Client Account Review (CAR) - New Measure to Inves...
- Technical Analysis - Good technique to use?
- Some Guidelines on Constructing a Stock Portfolio
- Iskandar Malaysia News - 12 Dec 2011
- Why We need to Construct a Stock Portfolio?
- Singapore Property - Another New Measures that Hur...
- Cyclical Stock VS Defensive Stock
- Iskandar Malaysia Progress (Dec 2011)
- My Portfolio Update + Opinion on Current Market Mo...
- ► November 2011 (11)
- ► October 2011 (8)
- ► September 2011 (24)
- ► August 2011 (48)
- ► April 2011 (17)
- ► March 2011 (10)
-
▼
December 2011
(10)

since the property owining market is affected, would it affects property renting market? since more costly to own property, then ppl would prefer to rent 1st, then current houseowners will take this oppo to increase rental?
ReplyDeleteIn my opinion, this would only reduce the speculation for medium to high end property but not for luxury property in prime location. As there is no additional tax for 1st property purchase by Locals and PRs, so I don't see immediate impact on this. But this will definitely reduce the returns from property transaction by investors. I can foresee the hot money will flow from property market to another market.
ReplyDeletediscourage investment from foreigner.. i wait for cheaper share price :P what u think of capital land? the share drop alot due to co plan to develop china market?
ReplyDeleteI always believe that buying a good stock is better than buy at the right time. It always depend on how long do you wish to hold for your stock.
ReplyDeleteNice article...How to get Facilities Manager / Property Manager Jobs in Singapore property?
ReplyDelete