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(03-02-2013, 01:30 AM)koh_52 Wrote: (02-02-2013, 07:31 PM)tonylim Wrote: If a Singaporean owns an HDB flat , and wish to buy a private residential property , is he/she has to pay the ABSD ?
In short, you pay 7% ABSD but upon your private ppty TOP you sell your HDB they will refund back your 7%...
Bro cool down all are old birds from previous WS.
Just bot a small investment ppty JV with my daughter..i see good buy cos next to seng keng mrt..Location is my priority
La Fiesta, 1 bedder 431sq ft...near $600k..rental projection aro $2.3k pm..ROI 4%. Hi Koh_52 San,
may i know for 1 bedder 470 sq ft @ Telok Kurau's rental projection?
Where can i search for actual rental records?
Domo Arigato
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(03-02-2013, 01:30 AM)koh_52 Wrote: (02-02-2013, 07:31 PM)tonylim Wrote: If a Singaporean owns an HDB flat , and wish to buy a private residential property , is he/she has to pay the ABSD ?
In short, you pay 7% ABSD but upon your private ppty TOP you sell your HDB they will refund back your 7%...
Within six months of TOP...
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(03-02-2013, 12:28 PM)smallcaps Wrote: (03-02-2013, 01:30 AM)koh_52 Wrote: (02-02-2013, 07:31 PM)tonylim Wrote: If a Singaporean owns an HDB flat , and wish to buy a private residential property , is he/she has to pay the ABSD ?
In short, you pay 7% ABSD but upon your private ppty TOP you sell your HDB they will refund back your 7%...
Within six months of TOP...
There are people speculating a mad rush to sell off HDBs in the next 3yrs due to this upgrading rule. Wonder if it happens, what will be the overall effect to the property market...
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03-02-2013, 01:39 PM
(This post was last modified: 03-02-2013, 01:40 PM by koh_52.)
[/quote]Hi Koh_52 San,
may i know for 1 bedder 470 sq ft @ Telok Kurau's rental projection?
Where can i search for actual rental records?
Domo Arigato [/quote]
Most pro agent their companies have the paid software and this 1 is the most updated info...
If lor g to h aro $2600 - $2800 pm, other lor not near mrt price range from $230 - $2600 on your above-mentioned unit.
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There is a limitation to splitting up unless both husband and wife are high income earners and can service their debt at 40%
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(03-02-2013, 01:04 PM)NTL Wrote: (03-02-2013, 12:28 PM)smallcaps Wrote: (03-02-2013, 01:30 AM)koh_52 Wrote: (02-02-2013, 07:31 PM)tonylim Wrote: If a Singaporean owns an HDB flat , and wish to buy a private residential property , is he/she has to pay the ABSD ?
In short, you pay 7% ABSD but upon your private ppty TOP you sell your HDB they will refund back your 7%...
Within six months of TOP...
There are people speculating a mad rush to sell off HDBs in the next 3yrs due to this upgrading rule. Wonder if it happens, what will be the overall effect to the property market...
Those who bought ECs will also have to give up their HDB flats.
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Hi Koh_52 San,
may i know for 1 bedder 470 sq ft @ Telok Kurau's rental projection?
Where can i search for actual rental records?
Domo Arigato [/quote]
Most pro agent their companies have the paid software and this 1 is the most updated info...
If lor g to h aro $2600 - $2800 pm, other lor not near mrt price range from $230 - $2600 on your above-mentioned unit.
[/quote]
Try to google & yahoo for more info; indeed your info is utd.
Thanks.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 820
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Joined: Jun 2012
Reputation:
7
(03-02-2013, 01:04 PM)NTL Wrote: (03-02-2013, 12:28 PM)smallcaps Wrote: (03-02-2013, 01:30 AM)koh_52 Wrote: (02-02-2013, 07:31 PM)tonylim Wrote: If a Singaporean owns an HDB flat , and wish to buy a private residential property , is he/she has to pay the ABSD ?
In short, you pay 7% ABSD but upon your private ppty TOP you sell your HDB they will refund back your 7%...
Within six months of TOP...
There are people speculating a mad rush to sell off HDBs in the next 3yrs due to this upgrading rule. Wonder if it happens, what will be the overall effect to the property market...
A lot less upgraders?
Or maybe more resale choices for the younger generation?
Probably more cases of illegal subletting of hdb by buyer while seller waits for condo to be ready...
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(03-02-2013, 02:42 PM)mrEngineer Wrote: There is a limitation to splitting up unless both husband and wife are high income earners and can service their debt at 40%
May actually make sense if current loan already paid up a significant amount over the years.
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(03-02-2013, 02:42 PM)mrEngineer Wrote: There is a limitation to splitting up unless both husband and wife are high income earners and can service their debt at 40%
Yes it's not a good idea.
Usually a mortgage for investment property is serviced by a dual-income couple, so that if one loses their job there is some buffer.
In the case of each spouse servicing their own separate mortgage loans, it would be disaster if one of them loses their job.
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