Additional buyer's stamp duty for private property from Dec 8

[yeokiwi]

The Real Estate Developers' Association of Singapore (Redas) had sharp words for the Government last night.
In a statement, it said that it was disappointed by 'the lack of consultation' on the latest measures, and called the measures 'untimely' given the expected slowdown in the economy next year.

Quite timely wat...
Before the next barrage of printed money comes massively to Singapore shore.

With the real estate out for the moment, does it make sense for the foreign funds to attack the equity market especially REITs?

[Stocker]

They expect Gov to seek their approval ?

[Bibi]

For the latest I begin to like Tharman and raise my admiration for Khaw Boon Wan. They are courageous and have good brains, and have shown in this case to look after Singaporeans' interest first.

I beg to differ. I rather raise my admiration to people from Aljunied. If its not for them and PAP were still given a very clear mandate during the last election, MBT might still remain in HDB and i seriously doubt they will want to meddle with property price. Its still not very expensive for now.

[dydx]

I agree MBT mismanaged HDB's BTO scheme and selling prices for new flats, as well as the EC scheme. But we are now talking about private property prices which are mainly determined by pure supply/demand forces. And the latest measures have been designed to hit mainly investment demand from foreigners and, as a direct consequence, also those more aggressive developers of condos targetting at foreign buyers. In this instance, Tharman and KBW have shown good guts and brains as the incumbent ministers.

[brattzz]

REDAS overstepped this time, think they are really spolit by MBT!! :O

Tharman/KBW kick REDAS BACK!

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I beg to differ. I rather raise my admiration to people from Aljunied. If its not for them and PAP were still given a very clear mandate during the last election, MBT might still remain in HDB and i seriously doubt they will want to meddle with property price. Its still not very expensive for now.
[/quote]

This is very true, myself and my peers were all wishing that we stayed in Aljunied to kick ass!!

Oh well, move on move!!