Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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artng25
Senior |
26-Jul-2010 16:34
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Not only tax on capital gain, they removed 'death duty' as well
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Farmer
Master |
26-Jul-2010 16:32
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Wrong thread! Pls concentrate on STI not HDB..... seems like no strength, waiting for signal to charge further. | ||||
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Laulan
Master |
26-Jul-2010 16:28
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Today frankly speaking, the HDB also becomes choosier about giving out loans to HDB buyers. Loan dept works exactly like the banks. If your salary is too high you can't buy normal HDB flat, only ECs. If your salary is insufficient to meet their criteria, you have to seek loans elsewhere. If you cannot get elsewhere, then you must make do with your problem, maybe sleeping with friends or relatives or buy a car and sleep in the park. Hey, not joking and this is a changing world and everything has changed. I am not surprised that if you are in arears of installment, you stand to be evicted whereupon you have to find your own way out either to rent a private flat since you are no longer eligible for HDB if you are evicted. Why have we commercialized so fast? What happens to those who cannot keep up to changes? Sad for them.
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artng25
Senior |
26-Jul-2010 16:04
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The way I see it, eventually the 'reasonable person' will quit... |
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alooloo
Veteran |
26-Jul-2010 15:58
![]() Yells: "I am not young enough to know everything. " |
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Natural selection, fit one survive... | ||||
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Isolator
Supreme |
26-Jul-2010 15:52
![]() Yells: "STI is hard landing to below 2000..." |
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They have forgotten the roots purpose of having HDB... They want people to own a flat and make sure certain portion of instalment is pay by cash and not all CPF... They just money... The crash should come again as there is imbalance.... The longer they delayed the worse the crash will be... Most minister own a lot of properties... There is always a reason why capital gain is not tax.... you should know why.... secret will be revealed... ![]() |
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des_khor
Supreme |
26-Jul-2010 15:50
![]() Yells: "Tell me who is the God or MFT from this forum??" |
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Income 10k now also got problem to afford EC as now selling $700-800 psf base on estimate new EC. | ||||
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AnthonyTan
Elite |
26-Jul-2010 15:44
![]() Yells: "patience" |
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Since when HDB suppose to help the poor?????? Never never ever. I have never heard of. If you are poor, you can't afford a HDB flat.Check out the prices for new HDB flats and you will understand why I said that you can't afford if you are poor. Purchasing a HDB flat is subjected to all terms and requirements stipulated in the condition of sale. Your point on speculation, I must emphasize that this is a competitive environments happening around the world. Anyway it's a "willing buyer and willing seller" term.
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Hulumas
Supreme |
26-Jul-2010 15:28
![]() Yells: "INVEST but not TRADE please!" |
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Open market mechanism is not controllable, that is it. Too bad . . . . take it or leave it!
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pharoah88
Supreme |
26-Jul-2010 15:04
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There are enough private property segments for SEPCULATIONS. Aren't they ? ? ? ? Is there a NEED for HDB segment to be OPEN to SPECULATIONS by the RiCH ? ? ? ? HDB is supposed to HELP the POOR ? ? ? ? WHY is the POOR not protected from the EXPLOITATION of the RICH in the HDB segment ? ? ? ? |
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pharoah88
Supreme |
26-Jul-2010 14:57
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It sounds like Righting the 'IMBALANCE' WRONG done earlier ? ? ? ? Will it Really Right the 'IMBALANCE' WRONG ? ? ? ? - UNdersupply earlier is one avenue of INCREASING PENDED DEMAND ? ? ? ? - Allowing the subsidised HDB Flat to be owned by nOn-Occupier to earn RENT is also an avenue of INCREASING WANTED but nOt NEEDED DEMAND ? ? ? ? - Allowing the subsidised HDB Flat to be owned by UPGRADED Private Property Owner to RENT OUT for Profit is yet another avenue of INCREASING WISHED but nOt NEEDED DEMAND ? ? ? ? It is very UNFAIR to First Time Applicant who has absolutely NEEDED DEMAND to start a FAMILY ? ? ? ? RESELLER MARKET is now satisfying the: - WISHES of Private Property Owner to make RENT PROFIT ? ? ? ? - WANTS of nOn-Occupier Owner to make RENT PROFIT ? ? ? ? - NEEDS of Occupier Owner at an INFLATED COST and COV CASH DRAIN ? ? ? ? WHY make the pOOrer EVEN pOOrer ? ? ? ?
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artng25
Senior |
26-Jul-2010 14:55
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As far as I know income ceiling is 8K and you have to pay a levy for a 2nd flat from HDB. If income above 8K but below 10K, have to buy EC if more than 10K then have to buy resale or private or stay with parents
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Hulumas
Supreme |
26-Jul-2010 14:44
![]() Yells: "INVEST but not TRADE please!" |
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Buy CHINA JISHAN will do then, as simple as that!
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Isolator
Supreme |
26-Jul-2010 14:35
![]() Yells: "STI is hard landing to below 2000..." |
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I thought there are income ceiling to be first or 2nd timer.... so how about those people?..
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Hulumas
Supreme |
26-Jul-2010 14:26
![]() Yells: "INVEST but not TRADE please!" |
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I 'll be back and heavily load back to basic constantly growth in demand related to WEAR, FOOD, DWELLING and TRANSPORT industries/products/mediums/tools, while WAR unfortunately . . . . TOUCH WOOD!
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Laulan
Master |
26-Jul-2010 09:29
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“If you’re a first-time buyer, there’s more than enough flats for you. But if you’re a second-timer, you have to compete in the market with the first-timers and others, and this equilibrium in the prices will be reached at a point in time in the medium term as we push out this supply,” said Mr Mah. Please think and rethink which flat you want to buy. For first timer, it is not necessary to choose where you want to live, which neighbourhood you love to be in, how near is it to your work place, etc. But for second-timer, it is very very important since this is the last chance you could get a flat direct from the HDB which the govt promised to be reasonably priced. (Layman thinking). After second flat, I got into trouble by staying at a place that eventually I dislike, but no choice have to continue staying there. I could buy a flat from the open-market, but it is a hassle because HDB wou't l;end money and banks will refuse to do so, and the potential sale of my second-time home may not cover the new HDB flat I might get from the sellers. Hey this is serious, and you should know the system of flat allocation well. I mean if you are a second timer, you have one last chance to buy from HDB and after that you are allowed only to buy resale flat and use private banking. So your choice is important.
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ozone2002
Supreme |
26-Jul-2010 09:24
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buy oil, gold and commodity related stocks ... get rid of property stocksNorth Korea threatens 'sacred' nuclear warPosted The Korean peninsula is on high alert today, with Pyongyang threatening a nuclear response to massive war games being held by the United States and South Korea.
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artng25
Senior |
26-Jul-2010 09:14
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'But we can interfere in the supply' Now besides the 'all time' high prices Singaporeans have to pay for resale flats, first timers also have to pay 'all time' high 'subsidized' prices for new ones. Looks like we have to pay for this imbalance as well ? What will happen when the market corrects ?
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pharoah88
Supreme |
26-Jul-2010 09:02
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SINGAPORE In the interim, the Housing and Development Board will roll out 18,000 to 19,000 flats this year. “I hope with HDB pushing out a record number of flats this year, this imbalance will be redressed over the medium term,” Mr Mah said on the sidelines of HDB’s final community celebration for its 50th anniversary. Some 9,000 build-to-order (BTO) units have been launched in the first half of the year, and another 7,000 flats will go on sale over the coming months. There will also be executive condominiums, Design, Build and Sell Scheme flats and some Sale of Balance flats, totalling about 2,000 to 3,000 units. “If you’re a first-time buyer, there’s more than enough flats for you. But if you’re a second-timer, you have to compete in the market with the first-timers and others, and this equilibrium in the prices will be reached at a point in time in the medium term as we push out this supply,” said Mr Mah. Property experts told MediaCorp that the European debt crisis, the possibility of a double dip recession and a possible rise in interest rates may also impact price stability. “The factors that suddenly come together to push up prices, if it’s not due to demographics — permanent residents and investor buying — can disappear just as quickly as (they) came,” Chesterton Suntec International research and consultancy director Colin Tan said. Demand is also hard to predict. Mr Mah said the indication is that there will be “some slowdown” in the economy later this year. Ngee Ann Polytechnic real estate lecturer Nicholas Mak said that “discretionary buyers” — those who can wait or have other housing options — are choosing to buy now “because they fear prices will rise”. He added: “If enough of them go into the market, it becomes a selffulfilling prophecy.” Agreeing, Mr Tan cautioned about a possible downside to a sharp rise in supply in just one year. “If the demographics don’t support this, there’ll be a huge boom-and-bust cycle,” he said. For now, Mr Mah recognised that the concern is over the Cash-Over-Valuation (COV) quantum. The latest median figure is $30,000. But he stressed this had to be decided by the market. “It’s in the interest of buyers to have low COVs, but it’s in the interest of sellers who own the flats to have high COVs. “So, between these two groups, we must let them fight it out. The Government is not able to settle or fix COVs to say that it should be this or this figure,” he said. “The Government prefers not to interfere. But we can interfere in the supply. This is something we can control. “And I say again, we’re going to push out enough flats for firsttimers. That’s the promise we’ve made, and that’s the promise we intend to keep.” But we can interfere in the supply. This is something we can control. And I say again, we’re going to push out enough flats for first-timers. That’s the promise we’ve made, and that’s the promise we intend to keep. — Along with strong economic fundamentals, the RED HOT HDB resale market is a result of an imbalance in demand and supply, and it will take a year or so for prices to stabilise, National Development Minister Mah Bow Tan said yesterday.The Government prefers not to interfere.Minister Mah Bow Tan Watch it >> channelnewsasia.com |
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pharoah88
Supreme |
26-Jul-2010 08:51
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Righting an ‘imbalance’ Red-hot HDB resale market will take a year to stabilise: Mah ESTHER NG estherng@mediacorp.com.sg The Government prefers not to interfere. But we can interfere in the supply. This is something we can control. And I say again, we’re going to push out enough flats for first-timers. That’s the promise we’ve made, and that’s the promise we intend to keep. Minister Mah Bow Tan |
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