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nott1965 Veteran	25-Dec-2021 14:10        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Govt should look into increasing the property tax of 2nd and subsequent properties to prevent further hoarding of properties. Wonder why only trying to prevent purchase? There are many rich people who will not be affected unless govt do something to those hoarding properties
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chart_expert123 Master	21-Dec-2021 12:12        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Instead of agents comm, it is a cost of sales.  No matter how small they construct still have to comply with 85sqm per unit rules. the foreigner 30% ABSD make the premium and luxury condo, 10% more expensive, it also cease the demand of 2nd buyers.  The 5% for its new launch is a discount from the cost of sales. This 5% will go to agents pockets for those units which cannot be sold out after months of launch. uiop1223      ( Date: 17-Dec-2021 13:58) Posted: Yup. Agents comm is factored into the launch price and the profit margin is usually 15%. So developer will lose money if they cannot sell the unit and having to pay the 30% penalty. Perfect 10 now has discount of 5% for its new launch. Expect to see current new launch at lower price.. and for new launches, quantum will be made affordable by making units smaller? chart_expert123      ( Date: 16-Dec-2021 16:17) Posted: Enbloc Developers have to pay 35% ABSD now for Enbloc, to build and sell the properties within restricted period by URA in order to claim 30% back. They cannot advertise and build show room and wait for client to step in to buy the properties. Those richs are busy on own business will not be interest to do own research to save the commission to pay for the service. at the same time, the developers also have no time to hold the property not to sell. A development may only bring in 15-20% profit margin only. To claim back the 30% ABSD spent in Enbloc is part of their profit margin. So you shall understand how the private residential property market eventually turn to rely on Property agency like Propnex, ERA and few biggest players who their agents distribute every corner in singapore, casino, globally, or knocking doors of the MNC CEOs or wifes to introduce the new launch properties. If you understand this, you will know why developers are willing to pay 4-9%
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Invest1 Elite	17-Dec-2021 16:15        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property Developers are also a kind of business. If they always want to bid higher and expect people to keep buying property higher and higher prices. Then this is the time for them to rethink. And maybe it is time for them to make some losses.
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uiop1223 Supreme	17-Dec-2021 13:58        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup. Agents comm is factored into the launch price and the profit margin is usually 15%. So developer will lose money if they cannot sell the unit and having to pay the 30% penalty. Perfect 10 now has discount of 5% for its new launch. Expect to see current new launch at lower price.. and for new launches, quantum will be made affordable by making units smaller? chart_expert123      ( Date: 16-Dec-2021 16:17) Posted: Enbloc Developers have to pay 35% ABSD now for Enbloc, to build and sell the properties within restricted period by URA in order to claim 30% back. They cannot advertise and build show room and wait for client to step in to buy the properties. Those richs are busy on own business will not be interest to do own research to save the commission to pay for the service. at the same time, the developers also have no time to hold the property not to sell. A development may only bring in 15-20% profit margin only. To claim back the 30% ABSD spent in Enbloc is part of their profit margin. So you shall understand how the private residential property market eventually turn to rely on Property agency like Propnex, ERA and few biggest players who their agents distribute every corner in singapore, casino, globally, or knocking doors of the MNC CEOs or wifes to introduce the new launch properties. If you understand this, you will know why developers are willing to pay 4-9%. chart_expert123      ( Date: 16-Dec-2021 16:08) Posted: Developers will still rely on Property agency to market and advertise their property. 30,000 over agents in Singapore, how powerful the penetration is. after years of cooling measure since 2013, developers saved the expenses on marketing and advertisement in Media, just sit down, set a price and wait for agents to bring in customers. This business model is unlikely to change.  the 4-9% basically are partially saved from marketing and advertisement and partially paid by buyers.  Do you think Dyson owner was so free to read property advertisement to do analysis his own before buying the penthouse and GCB or just walked in propnex and sit down there for the agents to introduce a property which can match his expectation? Agency is not just selling house but also selling their networks, knowledge of local rules, financial capability and etc.  The market is changed and will not return back to old school method to sell million dollars products
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y2jchris Veteran	17-Dec-2021 13:40        y2jchris About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am sure she not alone. Just that kena whisteblow. Confirm one what.  U make a property agent or ur friend dulan then they report you   chart_expert123      ( Date: 17-Dec-2021 08:53) Posted: she is singaporean and bought 3 landed property for 3 China citizens. She manage to buy and hold the landed property under her name till default payment from the 3 China Citizens. Or else who will know if she manage to clear the payment and own 3 units. The benefiary of a trust holding restricted property must be singaporean as well. Above is illegal but how to find out if the trust agreement is signed in oversea country? ETLee8      ( Date: 16-Dec-2021 22:52) Posted: and go to jail ???, I thought a lady was caught just recently for buying property on behalf of foreigners ??
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TradeExpert Veteran	17-Dec-2021 13:37        TradeExpert About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the agencies and developers' counters are expected to be bearish and going downtrend. Even REDAS came out to say about the challenges that all the developers will face with the latest cooling measures including financial hardship. A big tight slap on the faces of developers. Now developers are appealing to govt for relaxation, do you think the govt will relent? Been hovering around $1.6x to $1.7 and likelihood for Propnex (OYY) to go downtrend to $1.55 to find some support before the next price action.
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chart_expert123 Master	17-Dec-2021 08:53        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	she is singaporean and bought 3 landed property for 3 China citizens. She manage to buy and hold the landed property under her name till default payment from the 3 China Citizens. Or else who will know if she manage to clear the payment and own 3 units. The benefiary of a trust holding restricted property must be singaporean as well. Above is illegal but how to find out if the trust agreement is signed in oversea country? ETLee8      ( Date: 16-Dec-2021 22:52) Posted: and go to jail ???, I thought a lady was caught just recently for buying property on behalf of foreigners ??? honesty      ( Date: 16-Dec-2021 14:38) Posted: heard that as well, now the agents are aiming about Buying In Trust training.  with a view of this, prices will not drop, need an analysis from the regulators to stop this and implement minimum buying age of 21 This is indeed circumventing of the latest cooling measures, sometimes our regulators are not looking sideways, only like driving and looking straight, sadly perhaps no one guides them
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ETLee8 Master	16-Dec-2021 22:52        ETLee8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	and go to jail ???, I thought a lady was caught just recently for buying property on behalf of foreigners ??? honesty      ( Date: 16-Dec-2021 14:38) Posted: heard that as well, now the agents are aiming about Buying In Trust training.  with a view of this, prices will not drop, need an analysis from the regulators to stop this and implement minimum buying age of 21 This is indeed circumventing of the latest cooling measures, sometimes our regulators are not looking sideways, only like driving and looking straight, sadly perhaps no one guides them y2jchris      ( Date: 16-Dec-2021 14:32) Posted: the rules change not gonna impact much Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip Something is wrong la.. she told me alot of her rich friends are doing it also
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chart_expert123 Master	16-Dec-2021 16:35        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Developers will eventually adjust their commission payments as per their project development and sales price.  Developers selling EC, of course will not pay for 9% instead 4% or even lower especially in this hot market, couples looking for EC to buy and visit the show room directly.  When in very cold market like 2013-2018, Developers require the help from agents to brainwash the couples to buy ECs and willing to pay higher commission for agents, do you expect developers to do this? This is how it works, so nothing is easy, don' t ever think those top seller agents never put in their efforts. chart_expert123      ( Date: 16-Dec-2021 16:26) Posted: This only work for HDB BTO and resales which has vast buyers and sellers to match the sales. HDB just sit down there post the new launch and SBL flat in their website, all will come to apply new flats. but for private residential property, more than millions or hundred millions, the buyers are richs, busy in business or enjoy life or travelling around the world who can spend 6 digit to buy a luxury bags, so do you think they will prefer to shop luxury bags or show house? The Macau casino tycoon daughter recently enbloc a condo at orchard, do you think her buyers who can afford to buy her new developed properties can be easily found through posting on the web?    RichardTeo      ( Date: 16-Dec-2021 16:04) Posted: --- Post Removed by User ---
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chart_expert123 Master	16-Dec-2021 16:26        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	This only work for HDB BTO and resales which has vast buyers and sellers to match the sales. HDB just sit down there post the new launch and SBL flat in their website, all will come to apply new flats. but for private residential property, more than millions or hundred millions, the buyers are richs, busy in business or enjoy life or travelling around the world who can spend 6 digit to buy a luxury bags, so do you think they will prefer to shop luxury bags or show house? The Macau casino tycoon daughter recently enbloc a condo at orchard, do you think her buyers who can afford to buy her new developed properties can be easily found through posting on the web?    RichardTeo      ( Date: 16-Dec-2021 16:04) Posted: --- Post Removed by User ---
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chart_expert123 Master	16-Dec-2021 16:17        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Enbloc Developers have to pay 35% ABSD now for Enbloc, to build and sell the properties within restricted period by URA in order to claim 30% back. They cannot advertise and build show room and wait for client to step in to buy the properties. Those richs are busy on own business will not be interest to do own research to save the commission to pay for the service. at the same time, the developers also have no time to hold the property not to sell. A development may only bring in 15-20% profit margin only. To claim back the 30% ABSD spent in Enbloc is part of their profit margin. So you shall understand how the private residential property market eventually turn to rely on Property agency like Propnex, ERA and few biggest players who their agents distribute every corner in singapore, casino, globally, or knocking doors of the MNC CEOs or wifes to introduce the new launch properties. If you understand this, you will know why developers are willing to pay 4-9%. chart_expert123      ( Date: 16-Dec-2021 16:08) Posted: Developers will still rely on Property agency to market and advertise their property. 30,000 over agents in Singapore, how powerful the penetration is. after years of cooling measure since 2013, developers saved the expenses on marketing and advertisement in Media, just sit down, set a price and wait for agents to bring in customers. This business model is unlikely to change.  the 4-9% basically are partially saved from marketing and advertisement and partially paid by buyers.  Do you think Dyson owner was so free to read property advertisement to do analysis his own before buying the penthouse and GCB or just walked in propnex and sit down there for the agents to introduce a property which can match his expectation? Agency is not just selling house but also selling their networks, knowledge of local rules, financial capability and etc.  The market is changed and will not return back to old school method to sell million dollars products. honesty      ( Date: 16-Dec-2021 15:53) Posted: developers have given the past few years between 4 to 9%, they should be reducing the selling price to attract buyers directly instead or completely leave out agents, since when if their properties are of great design etc including reasonable locations would need agents to help!, developers just need to spend more money on advertisements, social media and employ agents who are now thinking of leaving for a permanent paid jobs instead of zero income and only depend on commission as an agent without a paid salary next year will be tough, only those who do not need to pay ABSD and no issue with TDSR 55%, will buy but again, stay happy with your current home for next 2/3 years and come back when election is around the corner in 2025.  prices of condo will be down and agents comm will be back 1% soo
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chart_expert123 Master	16-Dec-2021 16:08        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Developers will still rely on Property agency to market and advertise their property. 30,000 over agents in Singapore, how powerful the penetration is. after years of cooling measure since 2013, developers saved the expenses on marketing and advertisement in Media, just sit down, set a price and wait for agents to bring in customers. This business model is unlikely to change.  the 4-9% basically are partially saved from marketing and advertisement and partially paid by buyers.  Do you think Dyson owner was so free to read property advertisement to do analysis his own before buying the penthouse and GCB or just walked in propnex and sit down there for the agents to introduce a property which can match his expectation? Agency is not just selling house but also selling their networks, knowledge of local rules, financial capability and etc.  The market is changed and will not return back to old school method to sell million dollars products. honesty      ( Date: 16-Dec-2021 15:53) Posted: developers have given the past few years between 4 to 9%, they should be reducing the selling price to attract buyers directly instead or completely leave out agents, since when if their properties are of great design etc including reasonable locations would need agents to help!, developers just need to spend more money on advertisements, social media and employ agents who are now thinking of leaving for a permanent paid jobs instead of zero income and only depend on commission as an agent without a paid salary next year will be tough, only those who do not need to pay ABSD and no issue with TDSR 55%, will buy but again, stay happy with your current home for next 2/3 years and come back when election is around the corner in 2025.  prices of condo will be down and agents comm will be back 1% soon TradeExpert      ( Date: 16-Dec-2021 15:43) Posted: How to close up green when market sentiments is down with the cooling measures? Will be In the negative region for today and the remaining week. May even break the support level and head downwards to $1.3 as commission of agencies are affected.  Also, in recent REDAS meeting, developers are discussing about doing away with agents or reducing their commission as these 2-3 years they feel that they give too much commission tas much as 5% to agents taking away their profits.
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honesty Master	16-Dec-2021 16:07        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	developers have so deep pocket, should start thinking as per your suggestions, or when after 2/3 years still got many remaining units and to avoid 25% absd for those unsold, then engage agents or bring down prices further to get it sold, afterall developers always have buffer on their profits RichardTeo      ( Date: 16-Dec-2021 16:04) Posted: --- Post Removed by User ---
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honesty Master	16-Dec-2021 15:53        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	developers have given the past few years between 4 to 9%, they should be reducing the selling price to attract buyers directly instead or completely leave out agents, since when if their properties are of great design etc including reasonable locations would need agents to help!, developers just need to spend more money on advertisements, social media and employ agents who are now thinking of leaving for a permanent paid jobs instead of zero income and only depend on commission as an agent without a paid salary next year will be tough, only those who do not need to pay ABSD and no issue with TDSR 55%, will buy but again, stay happy with your current home for next 2/3 years and come back when election is around the corner in 2025.  prices of condo will be down and agents comm will be back 1% soon TradeExpert      ( Date: 16-Dec-2021 15:43) Posted: How to close up green when market sentiments is down with the cooling measures? Will be In the negative region for today and the remaining week. May even break the support level and head downwards to $1.3 as commission of agencies are affected.  Also, in recent REDAS meeting, developers are discussing about doing away with agents or reducing their commission as these 2-3 years they feel that they give too much commission tas much as 5% to agents taking away their profits.  shk363      ( Date: 16-Dec-2021 14:43) Posted: going to close up green
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TradeExpert Veteran	16-Dec-2021 15:43        TradeExpert About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to close up green when market sentiments is down with the cooling measures? Will be In the negative region for today and the remaining week. May even break the support level and head downwards to $1.3 as commission of agencies are affected.  Also, in recent REDAS meeting, developers are discussing about doing away with agents or reducing their commission as these 2-3 years they feel that they give too much commission tas much as 5% to agents taking away their profits.  shk363      ( Date: 16-Dec-2021 14:43) Posted: going to close up green
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phongy45 Senior	16-Dec-2021 15:15        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	precisely, chart_expert123      ( Date: 16-Dec-2021 15:13) Posted: This is life. 7 years ago, i believed Elon Musk was a cheat, Tesla would bankrupt. end up, I am a loser phongy45      ( Date: 16-Dec-2021 15:02) Posted: however, trouble is those could buy, rather not and buy other options! ..  some don' t believe in properties too, by the time we knows is too late, like me... i could have buy into properties when younger .. my many airforce friends have multiple units during the 1990s ..  so i think, we did live in regards
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chart_expert123 Master	16-Dec-2021 15:13        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	This is life. 7 years ago, i believed Elon Musk was a cheat, Tesla would bankrupt. end up, I am a loser phongy45      ( Date: 16-Dec-2021 15:02) Posted: however, trouble is those could buy, rather not and buy other options! ..  some don' t believe in properties too, by the time we knows is too late, like me... i could have buy into properties when younger .. my many airforce friends have multiple units during the 1990s ..  so i think, we did live in regards? y2jchris      ( Date: 16-Dec-2021 14:32) Posted: the rules change not gonna impact much Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip Something is wrong la.. she told me alot of her rich friends are doing it also
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chart_expert123 Master	16-Dec-2021 15:08        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	https://www.sgluxurycondo.com/buy-property-under-trust-in-singapore/ Another disadvantage of a trust is that the trustee is not the owner. A trustee is only a property or asset manager. The real owner of the asset is the beneficiary. This also means that when the child beneficiary becomes an adult and wishes to buy, say an HDB flat, the property in the trust is counted as property owned by the beneficiary. If the beneficiary also wishes to buy another property, then that would be the beneficiary&rsquo s second property and thus ABSD is payable. ABSD is payable for the beneficiary' s 2nd property. So, no such thing, holding in a trust as beneficiary can avoid ABSD. Trust is a way for parent to buy property for their children less than 21 yos, under rules in singapore, below 21yos cannot owned property or signed any contracts for property purchase.   honesty      ( Date: 16-Dec-2021 14:57) Posted: cea should have some experience staff. also if MND staff cannot comprehend and analyse, they should do other jobs and get on board those who perhaps had been in the real estate agencies hopefully our minister can jumpstart it with applications open to real estate agents who have been aware of these loopholes etc to work in MND and CEA, and I believe there will be agents now thinking of leaving the industry since it is going to get tougher   y2jchris      ( Date: 16-Dec-2021 14:53) Posted: #policymaker this is why the board itself should have diversify group of people.  either they have no one who knows how to challenge the system (or to figureout loophole) then get ready for impact.  just like olden days, people can queue at launches and sell within 1-2 weeks.. it happend for a good long period of time until they are aware.. that period.. alot of people earn tons of money.. now our generation get hits lor easy
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phongy45 Senior	16-Dec-2021 15:02        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	however, trouble is those could buy, rather not and buy other options! ..  some don' t believe in properties too, by the time we knows is too late, like me... i could have buy into properties when younger .. my many airforce friends have multiple units during the 1990s ..  so i think, we did live in regards? y2jchris      ( Date: 16-Dec-2021 14:32) Posted: the rules change not gonna impact much Met someone 28 year old owns 2m property in somerest..her father sponsor her to buy house to flip Something is wrong la.. she told me alot of her rich friends are doing it also
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honesty Master	16-Dec-2021 14:57        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	cea should have some experience staff. also if MND staff cannot comprehend and analyse, they should do other jobs and get on board those who perhaps had been in the real estate agencies hopefully our minister can jumpstart it with applications open to real estate agents who have been aware of these loopholes etc to work in MND and CEA, and I believe there will be agents now thinking of leaving the industry since it is going to get tougher   y2jchris      ( Date: 16-Dec-2021 14:53) Posted: #policymaker this is why the board itself should have diversify group of people.  either they have no one who knows how to challenge the system (or to figureout loophole) then get ready for impact.  just like olden days, people can queue at launches and sell within 1-2 weeks.. it happend for a good long period of time until they are aware.. that period.. alot of people earn tons of money.. now our generation get hits lor easy   honesty      ( Date: 16-Dec-2021 14:38) Posted: heard that as well, now the agents are aiming about Buying In Trust training.  with a view of this, prices will not drop, need an analysis from the regulators to stop this and implement minimum buying age of 21 This is indeed circumventing of the latest cooling measures, sometimes our regulators are not looking sideways, only like driving and looking straight, sadly perhaps no one guides them
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