Please, in the first place why is such a country with such a small land area and a govt which never failed to remind Singaporeans how limited the land is, still giving away housing and land to foreigners?
@ttkoh123
Жыл бұрын
Incompetence measures after measures Drama Show. Its not the New measures BUT the new Party that's going to solve the problems. You know why I say Mandate is Unwise?
@tangt4860
Жыл бұрын
Worse is dynastic rule disguised and coerced as meritocracy.
@williamzabiski7653
Жыл бұрын
No amount of tax will deter the mainlanders from buying
@kengleetan63
Жыл бұрын
True. They are simply weighing options where money here for property and taxes paid vs money seized by Xi!😆😆😆😆
@michael8372
Жыл бұрын
Who took them in by the boatloads in the first place? Pandemic or no pandemic, stagflation or no stagflation, 20k new passports, and 50 new PRs out the door each year. How can property prices come down? Primary one students can do the math. Wonder what schools these ministers go to.
@kengleetan63
Жыл бұрын
@@michael8372 ...if property prices goes down....all in the boat would die....the country is simply propped up by property...property prices to be exact...the banks would literally go down if all property nose dive...better go down after I am no longer around...well....HUAT while you can!!!!😆😆😆😆
@michael8372
Жыл бұрын
@@kengleetan63 u're worried property prices would go down? wow
@vincecarlo
Жыл бұрын
Keep IMPORTING n IMPORTING To CREATE Demand. Just ANOTHER Excuse to Collect more 💰💰💰 4G ADDICTED to 💰💰💰 10M Coming MORE IMPORTED PROBLEMS n HIGHER PRICES
@tanpengjoo7205
Жыл бұрын
H d b prices must be at 50 % higher for foreigners n p r in other to qualified to buy housing that at meant for local.
@expatriatecarrental-rentca479
Жыл бұрын
50% higher won't solve the issue, foreigners can on sell the property to local. Than property prices will be stable for all Singaporean n generation to come.
@vincecarlo
Жыл бұрын
Keep IMPORTING n IMPORTING To CREATE Demand. Just ANOTHER Excuse to Collect more 💰💰💰 4G ADDICTED to 💰💰💰 10M Coming MORE IMPORTED PROBLEMS n HIGHER PRICES
@tangt4860
Жыл бұрын
So many foreigners have made a bundle selling off their HDB obtained at high subsidies and resettled to their home countries for a life of comfort while condemning the future generations of real Singaporeans to a nightmare of high housing prices.
@kengleetan63
Жыл бұрын
Please lah...ABSD does not concern poor folks living in HDB....if you own a HDB and if you can buy a pte ,you need to pay ABSD for the pte but if you own a pte and you buy a HDB, you got to dispose of the pte!
@hgft274
Жыл бұрын
Anaylsts hired by property agencies will of course be forever bullish. conflict of interest analysis.
@retroworldnews
Жыл бұрын
He forget a lot investors, business owners moving up due to high rental business operation in Singapore. Yet he claim a lot foreigner investors go Singapore. Quite a lot expats in fact never stay in Singapore. Nevertheless he trying to fake positive thing as he is a property agent.
@kengleetan63
Жыл бұрын
Please leave if these FT, business owners or whatever cannot tahan the increase, these are the foreigners Singapore DO NOT WANT anyway. When the tide goes out then you can see who are the ones naked and these are the kind you just described!😆😆😆😆
@leewn2319
Жыл бұрын
The new cooling measures have very little impact on rich foreigners setting up businesses and homes in SG. The new cooling measures will no suppress or cool the rising HDB prices of resale and rental markets.
@deschan2246
Жыл бұрын
Cooling measures is highly detrimental to Singaporeans!!!
@michael8372
Жыл бұрын
price for both private and public housing will continue to go if gov continues with its open legs policy. it's a no-brainer. we live on a 700sq km (at low tide) island. how can property prices stay flat when the population keeps going up? gov keeps going around in circles on this in the past 15 years. when local citizens raise the issue, they call us xenophobic and racist. really exhausting. time for a change. VTO.
@tangt4860
Жыл бұрын
Maybe those politicians are making the most now so when this imminent problem implodes in Singapore, they will have enough foreign mansions to choose to stay away from the problems they created.
@danltc9392
Жыл бұрын
tis bugger humji, dont dare call out china nationals as the largest foreign buyer, instead option to say taiwan is top 10.😂
@vincecarlo
Жыл бұрын
He does have Humji Kiam Gan Face
@tangt4860
Жыл бұрын
The PRCs especially the corrupt rich are the worst in testing the loopholes and weaknesses of the system to the fullest and making life miserable for everyone wherever they settle.
@kengleetan63
Жыл бұрын
A country should be proud that foreigners willingly pour money into your country propertiessss....why don't you ask Anwar to say the same thing?😆😆😆😆😆😆😆😆😆😆
@marvelcomiks8078
Жыл бұрын
Good policy, 60% tax for foreigners. For every 2million property they buy, they contribute 1.2million to the local economy. That is really good.
@radearpurba3589
Жыл бұрын
I'm sure the home prices around the world will definitely continue to increase until the end of this year 2023, sir. Because The FED and ECB are still continue to increase their interest rates until the end of this year 2023 🤒😢🙏. And Probably, the impact of this case is many bank around the world are likely to experience contraction, weakening, and bankruptcy, sir 😢😔🙏
@tangt4860
Жыл бұрын
Does it even trickle down to real Singaporeans ? The latest utility bill and HDB property tax has shot up by another 10%.
@bottleneck979
Жыл бұрын
Today's HK is Tmr Singapore. Govt never learn from mistake
@michael8372
Жыл бұрын
then it's the duty of voters to remind them of their mistakes. isn't it?
@marktn9851
Жыл бұрын
Say a 49 yr old 5-rm hdb at non-downtown area fetching a rental elasticity betw 25 to 40k per annum over its final 50 years period. Total rent 1.25 to 2 million. Will any investor care to evaluate how to price this investment with zero final value after deducting any possible costs including purchase price opportunity cost as a bank fixed deposit?
@Straightfromtheheart8691
Жыл бұрын
Would you expect a representative from Hutton to tell you that the property market will collapse or drop by 20%? Never!!Even if he thinks so! If CNA wants frank unbiased opinion, they should interview those analysts with no vested interests in the property market
@greatasia606
Жыл бұрын
Let the Great Asia to enlighten or scare you: Old Singapore: A BIG 3-bdrm condo: S$500,000. After a 10% price increase: S$550,000. Additional S$50,000 only. Many middle-income families still can afford to buy. Back then, there were many high-paying jobs, wages and salaries were growing very fast. Current Singapore: A SMALL 3-bdrm condo: S$2,000,000. After a 10% price increase: S$2,200,000. The additional 10% alone is S$200K. How many middle-income families can afford? How many Singaporean graduates would be trapped in HDB flats for life? Did you know that hair cutting has also become low-income job for foreigners such as Malaysians? Did you know that half the size of Singapore economy is sustained by low-income locals and foreigners? Young Japanese have laid flat. Young Koreans have laid flat. Singapore has a huge jobless PMET problem for two decades. Ha ha ha!
@LonganLee
Жыл бұрын
Respect your freedom to makes opinions but I shall remain politically correct
@boredscientist5756
Жыл бұрын
@@LonganLee or what? 😂
@mrtienphysics666
Жыл бұрын
"We intend to keep the value of these homes up, it will never go down. Because it will be renewed, the surroundings will improve, and as Singapore prospers, GDP goes up, the value of homes will go up." Lee Kuan Yew 2013
@leewn2319
Жыл бұрын
This policy is making HDB expensive and not as affordable as the wishes of Singaporeans. It also render rental prices unaffordable for average wage earners PRs, especially Malaysians who work in SG. This indirectly drives up cost of living & doing business.
@ericphua2359
Жыл бұрын
People do not own HDB, there no ownership, just leasing. Value will be zero at end of lease. Increasing HDB lease price just transfer people wealth to Government pockets.
@michael8372
Жыл бұрын
then LW said HDB would take back the flats with ZERO compensation in year 99. so who is right?
@wtIUpITp1E0wMsydV19c0FUmIXvCU
Жыл бұрын
Ironic, considering during 2013-18, singaporeans were complaining about hdb prices falling and how they could not make money from selling their hdb flats. These people might live in a socialist country such as North Korea
@dhana7373
Жыл бұрын
Ship sailed in 1970s
@miklee4834
Жыл бұрын
Seriously from this guy? I won't listen to him
@hatchegg80
Жыл бұрын
this lee is obviously msian
@anan-np6if
Жыл бұрын
Does inherit a property consider having 2nd house?
@kengleetan63
Жыл бұрын
If thru a Will or thru interstate succession then ..NO...If thru a gift...then Yes.
@anan-np6if
Жыл бұрын
@@kengleetan63 how about HDB as inherit?
@Matt-li6gn
Жыл бұрын
Why do we not have the same for cars?
@marktn9851
Жыл бұрын
Who will still buy n don’t need mortgages… new sgp lang!
@Mahen331
Жыл бұрын
ABSD% will hit COE% VERY SOON.
@ks--2755
Жыл бұрын
Cooling measures also useless due to the pap party will soon run out of land to build hdb flats and others..
@tangt4860
Жыл бұрын
They will just SERs old fully paid housing estates to create instant huge profits for their construction and property developer cronies. - you saw what happened to those few blocks in AMK PAP 1 Singaporeans 0.
@olivia7962
Жыл бұрын
The foreign can buy property in overseas than are rich 🤑 so increasing them is right cos of them ,the price so high for we Singaporean and hard to have a new. The government also have to give reply why RP single and their family not PR also can buy the house here?
@kongthai..
Жыл бұрын
Think about it. It is to encourage Foreigner to apply for PR or even Citizenship. Alternatively it is to prevent inflow of "hot money". Still thinking about the outcome. Another is to improve the "failing rental market" recently. 😅👮♂️
@kongthai..
Жыл бұрын
Elizabeth Neo is so cute 😍
@ConradSNIPER
Жыл бұрын
This dude is a Property Price shepherd. 😂😂😂
@expatriatecarrental-rentca479
Жыл бұрын
Are you sure buyers are from Taiwan?
@vincecarlo
Жыл бұрын
After Twn goes to China Twn n China considered 1
@richardtan4179
Жыл бұрын
cooling measures? tak boleh jalan la..s'pore workers not rich. can' t buy hse. how to make babies?? can't afford hotel 81 lah..hahahaha.
@dayylogg9716
Жыл бұрын
Do whatever, the global property bubble will burst anytime soon.
@bottleneck979
Жыл бұрын
Predicted. SINGAPORE will be the playground for ultra rich prc, not a livable place for REAL singaporean who still struggle to make ends meet
@greatasia606
Жыл бұрын
Let the Great Asia to enlighten or scare you: Divide the population of the country into two halves, let's call the first half the "Landlord", and the next half the "Peasant". The Peasant works for the Landlord and makes them richer. The landlord then uses the new wealth to acquire more lands. What do you think would happen to the children and grandchildren of the Peasant? Singapore's economy has not been doing well, right? But property prices continue to hit record levels, right? Why? Daddy America, Japan and the EU have been printing money, right? Rich people from China, India and etc have been flooding Singapore with money, right? In the past two decades, PAP has been relying on easy money to pump the GDP, right? So, you can imagine more than 50% of future generations will be born in HDB-4rm flats and trapped in HDB 4-rm flats for life? Their little fully furnished HDB flats will not have space for toddler to crawl. Imagine a family of four wants to buy ONE expensive bicycle (above S$1000), where to park it? In the past decade, PAP has built so many little HDB flats and condos. There will be a huge angst from Singaporeans who are not able to upgrade to a bigger living space. Then also many HDB flats will be over 40 years soon. Can you see the impending big problem? Imagine a population density of more than 10,000 per sqkm, and people living in compact spaces in perpetual. There will be huge, huge social and political problems. The ruling elites are too rich, too elitist, and too self-serving, they can't see the problems. They only know how to manipulate the people like sheep. The younger generations have been robbed. You're naive if you think the 4G PAP can survive the wrath of Singaporeans, especially from the younger deprived generations. Ha ha ha!
@ConradSNIPER
Жыл бұрын
The 60% ABSD is the final push. Hurrying the prospective Foriegn Buyer to act immediately - before the ABSD take place. Property Price had PEAKed !
@kengleetan63
Жыл бұрын
Foreigners are way too rich that even for such rates, they are still not too much deterred. Although less foreigners of middle tier net worth ,would buy resulting in more renting. This cooling measures will hit harder on those locals who tend to sweep up the studio and 1 bedroom condo as investment. Any ABSD will hit locals in the pte market harder. So eithier new launch take up rate for small units will be lowered and rental output of such unit will be lower. Further decreasing the total number of rental units availiable. Don't expect developer to lower sale price.
@boredscientist5756
Жыл бұрын
You mean chineses.... Chineses are the problem, not Europeans for example!!!!
@greatasia606
Жыл бұрын
Please lah! Talk to the Great Asia lah! You'll be the most informed person if you listen to the Great Asia. Ha ha ha!
@LonganLee
Жыл бұрын
Making Progress
@kongthai..
Жыл бұрын
Wa! So much money in Singapore 🇸🇬 le. 20%, 30% & 60% surcharge to buy homes 🏡. Rent instead of buying. Reclaim more land, Build taller building lor! Singapore population in year X, 10 million people, self sufficient in utilities, food. Only material comforts needs to be imported. IV IR model city. 😍👮♂️
@kongthai..
Жыл бұрын
Megacity Singapore 🇸🇬. The global Megacity Model. 👮♂️
@greatasia606
Жыл бұрын
This Mr Lee from Huttons is very well informed hor? The standard of mini-BBC is very the high hor? Ha ha ha!
@hatchegg80
Жыл бұрын
he's obviously malaysian
@whkee
Жыл бұрын
Hor! Hor! Hor!🤣
@Wan-ft4xg
Жыл бұрын
😂
@anziar3038
Жыл бұрын
Govt effectiveness in s'pore is ranked no.1 in the world, showing that the third-world opposition parties are really redundant and a waste of resources.
@michael8372
Жыл бұрын
says who?
@LonganLee
Жыл бұрын
1 year ago, one guy shared 7 ways to avoid ABSD. search and you shall find his video. Is this a Loophole long known but reacted now?? Just askin. Pls dont murder me😅
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