Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation:
1
what is the implication of this spr? first time I heard of such spr thingy
Posts: 2,295
Threads: 27
Joined: Jul 2012
Reputation:
41
It has been in place for a while and PRs have always sought to buy a resale flat immediately after getting PR. In my opinion, The waiting of 3 years is to differentiate to a greater extent the benefits SC receive over PRs.
I think private developers and existing apt owners will be happy since PRs will have to buy their units.
Posts: 939
Threads: 1
Joined: Oct 2010
Reputation:
11
I think the govt is trying to lower the HDB resale price. Every mth there are ~10,000 foreigners or converted PRs coming into Spore. If govt dont introduce this measures, HDB resale price will remain sticky till 2016.
What is the big event in 2016? GE coming.
Posts: 66
Threads: 6
Joined: Aug 2013
Reputation:
0
28-08-2013, 01:02 PM
(This post was last modified: 28-08-2013, 01:12 PM by shoeboxlife.)
More PRs may turn to renting while waiting out the 3yr bar considering prices are just starting to come down approaching 0 cov.
The more well to do ones may look at resale condos. Primary condo sales may not have much effect as the wait for BUC is usually 3 to 4 years anyway.
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
(27-08-2013, 11:23 PM)CY09 Wrote: It has been in place for a while and PRs have always sought to buy a resale flat immediately after getting PR. In my opinion, The waiting of 3 years is to differentiate to a greater extent the benefits SC receive over PRs.
I think private developers and existing apt owners will be happy since PRs will have to buy their units.
Ya. That would stop new PRs to get resale flats and rent out rooms immediately.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 3,727
Threads: 6
Joined: Oct 2012
Reputation:
95
(27-08-2013, 11:23 PM)Bibi Wrote: I think the govt is trying to lower the HDB resale price. Every mth there are ~10,000 foreigners or converted PRs coming into Spore. If govt dont introduce this measures, HDB resale price will remain sticky till 2016.
What is the big event in 2016? GE coming.
From that kind of timeline, GE is always coming
I would give credit where it is due and I always advocate differentiation between citizens, PRs and foreigners not because I am nationalistic but because their COMMITMENT is very different. And that will dictate their action and incentive.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation:
5
Just google singapore man of leisure
Posts: 152
Threads: 3
Joined: Aug 2013
Reputation:
2
Its definite a good move, but what took them so long to realise that may Prs are profiteering from hdbs. My PR friends are buying HDB becos they can rent out the other rooms. And best is this rental income not taxed. Good move minister!
Homepage
PR Newswire
