Which Direction Will Property Prices Go ?

[Falafell]

Maybe hdb can make ugly looking hdb in prime area. Like those with corridor, weird layout, bad facing etc. Like that wouldn't hit 1 mil for sure, no matter how good the location and potential is

This one will make Sg look ugly in all landscape photos of our country haha

 

[SBC]

Strong buying support by Hongkies.

 

[RyanJ]

Maybe hdb can make ugly looking hdb in prime area. Like those with corridor, weird layout, bad facing etc. Like that wouldn't hit 1 mil for sure, no matter how good the location and potential is

Ugly HDB in prime area vs chio HDB in woodlands, location still FTW..

 

[SuperZ]

There is no need to change existing rules such as MOP. Just implement a 50% capital gains sales tax on HDB transactions. It is a fair means to share the profit of govt (aka taxpayers) subsidized property.

 

[Forever84]

Very hard to change this kind of rules, no matter what u do will have 1 group very unhappy

Interesting to see what happens

 

[greenhse]

There is no need to change existing rules such as MOP. Just implement a 50% capital gains sales tax on HDB transactions. It is a fair means to share the profit of govt (aka taxpayers) subsidized property.

The owners will call even higher price to cover the taxes if the existing selling price is no longer attractive to them in making profit.

50% buyer’s tax instead, buyers will run away. If cannot stop owners from selling high, can prevent buyers from buying high.

 

[Laneige]

Interesting idea. But I find 10 years mop very hard to implement. On official platform it states 10 years, but under table everyone using all sorts of excuses to shorten the mop. 5 years already difficult to make it one size fits all, how is 10 years even be possible?

10 years is reasonable

 

[Clazav]

Many people don't plan far ahead. Some spend a lot on renovation, only to find themselves selling within few years. Many things will change in 10 years (+3 years construction). From no children to having children going to secondary school, parents ageing, workplace changed etc.

Basically I'm fine with 10 years mop but I hope G doesn't double standard and allow for special case. Within 10+3 years, there are so many excuses to cut short mop.

10 years is reasonable

 

[bujingyun82]

GLS land sales for 1H2021.

https://www.channelnewsasia.com/new...9RcSjfZOKZVwUhu3FmADbZjhgOfq_aLSr220EiJWQ9hTk

 

[Passerboy]

GLS land sales for 1H2021.

https://www.channelnewsasia.com/new...9RcSjfZOKZVwUhu3FmADbZjhgOfq_aLSr220EiJWQ9hTk

The one north sites seems good!

 

[bujingyun82]

Two adjoining collective sale sites in District 9, namely, Fairhaven and Sophia Ville, have been sold for $62 million or a unit land rate of $1,239 psf/plot ratio by JLL to a local developer. Totalling 23,828 sq ft, the sites are zoned under the 2019 Master Plan for residential use with a gross plot ratio of 2.1.

https://sg.finance.yahoo.com/news/jll-sells-two-district-9-074353147.html

 

[Passerboy]

Two adjoining collective sale sites in District 9, namely, Fairhaven and Sophia Ville, have been sold for $62 million or a unit land rate of $1,239 psf/plot ratio by JLL to a local developer. Totalling 23,828 sq ft, the sites are zoned under the 2019 Master Plan for residential use with a gross plot ratio of 2.1.

https://sg.finance.yahoo.com/news/jll-sells-two-district-9-074353147.html

The land price of this plot seems cheap.

 

[1993newbie]

Similar to October, November sees more resale transacted as compared to new launch.

NOV:

OCT:

 

[8zaoyu]

There is no need to change existing rules such as MOP. Just implement a 50% capital gains sales tax on HDB transactions. It is a fair means to share the profit of govt (aka taxpayers) subsidized property.

If you want to collect tax (to pay who, dear?), I suggest Sellers Stamp Duty of 10% divide by 10 years. Less 1% each year. HDB MOP also 10 years. Pte also need HDB upgraders!

 

[SuperZ]

If you want to collect tax (to pay who, dear?), I suggest Sellers Stamp Duty of 10% divide by 10 years. Less 1% each year. HDB MOP also 10 years. Pte also need HDB upgraders!

By definition, capital gain sales tax means the seller (who made the capital gain) pays. For example, if a buyer bought a HDB BTO at $500K (as you know, HDB flats are heavily subsidized by taxpayers especially on land value) and sold at $1.2M (especially at premium locations) after MOP. The capital gain of $600K will be shared by seller and taxpayers, each will received $300K.

 

[1993newbie]

HDB Resale Prices Climbed for Fifth Straight Month

> Prices in November 2020 are 5.0% higher than the preceding year.
> November 2020 prices are 9.5% lower than the peak in April 2013.
> Prices for all room types are higher than a year ago: 3 Room by 4.6%, 4 Room by 4.2%, 5 Room by 4.5% and Executive by 2.5%.
> Year-on-year, Mature and Non-Matures Estates prices increase by 3.4% and 6.0% respectively.

https://www.srx.com.sg/research/604...rmvv5s9hPbWTvgXETOQkMQXzzahBloUoSmPG4EDfOalYg

 

[cscs3]

If you want to collect tax (to pay who, dear?), I suggest Sellers Stamp Duty of 10% divide by 10 years. Less 1% each year. HDB MOP also 10 years. Pte also need HDB upgraders!

Why 10 years, if you sell your house, profit/lost is immediate! So stamp duty should be imposed as soon as transection is completed.

Estate agent do not wait 10 years to collect his/her commission anyway.

 

[cscs3]

HDB Resale Prices Climbed for Fifth Straight Month

> Prices in November 2020 are 5.0% higher than the preceding year.
> November 2020 prices are 9.5% lower than the peak in April 2013.
> Prices for all room types are higher than a year ago: 3 Room by 4.6%, 4 Room by 4.2%, 5 Room by 4.5% and Executive by 2.5%.
> Year-on-year, Mature and Non-Matures Estates prices increase by 3.4% and 6.0% respectively.

https://www.srx.com.sg/research/604...rmvv5s9hPbWTvgXETOQkMQXzzahBloUoSmPG4EDfOalYg

This type of number is quite misleading as one of the financial planned get interviewed in one of the TV show. The number can only reflect a few sales which happen to be in good location or buyer like it so much. It does not reflect most the actual sales unit. Salesman like to use this number for their potential buyer and tell them price is going up if you don't buy now.

 

[MrHighlander]

This indeed looks cheap - maybe the enbloc big profit days are indeed over

The land price of this plot seems cheap.

 

[1993newbie]

Condo Resale Prices Increase for the Fourth Straight Month, Volume Up 1.4% in November 2020

> Month-on-month, overall prices increase by 0.3% over October 2020.
> Year-on-year, overall prices increase by 1.3% over November 2019.
> In terms of regions, year-on-year, RCR and OCR prices increase by 1.8% and 1.4% respectively while CCR prices decrease by 0.6%.

https://www.srx.com.sg/research/604...lkn3TbW3wOfEPEeY3zU6zNgL-Iykw-oRlkWr5xfvocB00