Blossoms by the Park

[De SantaClaus]

Should be residents are rich.

With 4% foreigners buying blossoms, wonder how many prs buy into blossoms.

CNA or straits times should go csi and interview the 4% foreigners. Respect 🫡. 60% ABSD is

 

[regis6]

“Based on 2022 data, 90% of transactions are by Singaporeans & PRs making their first property purchase”

I cannot understand why some like to pitch exit strategy based on future HDB upgraders. The data shows that a vast majority of the transactions are by first timers.
https://sginvestors.io/analysts/research/2023/04/real-estate-rhb-securities-research-2023-04-28

That is wrong interpretation. It's not first timer buyer, but purchaser buying the first property under their name (after selling their existing property). Either through joint purchase or decoupled so they don't need to pay absd.

 

[roflolmao]

Up. Biggest winner from Blossom launch is Kingsford. Help them set benchmark to launch The Hill higher

Disagree. Biggest winners are one North at Eden owners who are looking to sell. If the hill hits 2.6k psf, that's 30% gain over 3 years

 

[gonewiththesmart]

CNA or straits times should go csi and interview the 4% foreigners. Respect 🫡. 60% ABSD is

May not need to pay absd.

https://www.iras.gov.sg/taxes/stamp...-remission-under-free-trade-agreements-(ftas)Quote
Conditions for remission
Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland.


Nationals of the United States of America. Unquote....

USA green card cannot enjoy concession.

 

[marshmallow96]

May not need to pay absd.

https://www.iras.gov.sg/taxes/stamp...-remission-under-free-trade-agreements-(ftas)Quote
Conditions for remission
Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland.


Nationals of the United States of America. Unquote....

USA green card cannot enjoy concession.

We discussed already… you think these people will buy Blossom?

 

[The_Davis]

We discussed already… you think these people will buy Blossom?

Why not? If they are smart can be creative also *wink* *wink* *ahem*

 

[De SantaClaus]

Why not? If they are smart can be creative also *wink* *wink* *ahem*

If PRC citizen get US citizenship then buy SG property, what absd rate will they be subjected to ?

 

[marshmallow96]

If PRC citizen get US citizenship then buy SG property, what absd rate will they be subjected to ?

PRC doesn’t allow dual citizenship. If they get US citizenship, they need to give up PRC citizenship. So if they really get US citizenship, they will be US citizen lor.

that said, you think those buying Blossom are this type mah… hope some reporters will go dig further loll

 

[De SantaClaus]

PRC doesn’t allow dual citizenship. If they get US citizenship, they need to give up PRC citizenship. So if they really get US citizenship, they will be US citizen lor.

that said, you think those buying Blossom are this type mah… hope some reporters will go dig further loll

No idea who they are. Let the reporters dig !

 

[pcmdan]

If PRC citizen get US citizenship then buy SG property, what absd rate will they be subjected to ?

US citizen under the the same as Singaporeans leh

 

[sellipad2]

Disagree. Biggest winners are one North at Eden owners who are looking to sell. If the hill hits 2.6k psf, that's 30% gain over 3 years

can't guarantee ONE will hit same as hill though. You see Botany hit average $2.1k psf but DFR subsale ard $18xx

Have to factor in lease tenure and also newness of project

 

[gonewiththesmart]

PRC doesn’t allow dual citizenship. If they get US citizenship, they need to give up PRC citizenship. So if they really get US citizenship, they will be US citizen lor.

that said, you think those buying Blossom are this type mah… hope some reporters will go dig further loll

Some Sg dual citizenship, holding oz passport.

 

[marshmallow96]

Some Sg dual citizenship, holding oz passport.

SG also don’t allow dual citizenship, unless you are talking about those below 18yo. If that person is indeed holding two citizenships, then it’s better not to say here cos it’s not allowed in SG govt’s eyes

 

[gonewiththesmart]

Heard last late night, about 10 buyers jump ship.........

 

[roflolmao]

can't guarantee ONE will hit same as hill though. You see Botany hit average $2.1k psf but DFR subsale ard $18xx

Have to factor in lease tenure and also newness of project

I actually disagree with looking at sub sale as I will think they are mostly distressed sellers.

But we shall see.

 

[marshmallow96]

Heard last late night, about 10 buyers jump ship.........

Not sure about 10, but around lunch time my agent informed me on 3 bounced units. Agent said options have been issued for the rest of the United purchased yesterday

 

[marshmallow96]

https://www.straitstimes.com/busine...nits-at-condo-launch-despite-cooling-measures
The interview on the buyer is quite interesting lol

 

[roflolmao]

CNA or straits times should go csi and interview the 4% foreigners. Respect 🫡. 60% ABSD is

https://www.businesstimes.com.sg/pr...-park-despite-doubling-foreigner-absd-rate-60
Lai liao, the 4 China buyers really got huat mentality, jitao go in for the kill

 

[marshmallow96]

https://www.businesstimes.com.sg/pr...-park-despite-doubling-foreigner-absd-rate-60
Lai liao, the 4 China buyers really got huat mentality, jitao go in for the kill

Gahmen thanks them for contributing to nation building

 

[bermudas]

Some Sg dual citizenship, holding oz passport.

Dont say so loud la... u know i know diam diam suah....