Biggest winners and losers as Singapore unveils new property cooling measures | THE BIG STORY

0:00 - THE BIG STORY

00:52 - WILL HOME BUYERS HOLD BACK?

Announced at close to midnight on Wednesday (Dec 15), the move will affect the buoyant property market, which has been thriving despite the economic fallout from the Covid-19 pandemic.

Dr Lee Nai Jia, deputy director from the Institute of Real Estate and Urban Studies at the National University of Singapore, weighs in on who would stand to benefit and lose out from these new measures.

8:15 - NEW RULES FOR TRAVELLERS TO S'PORE

Those who have tested positive with a polymerase chain reaction test are required to recover in their rooms and will be issued an isolation order.

9:35 - LIFE PICKS

#thebigstory #property #hdb #stlifepicks


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[blegys]

Why the hell is LTV and TDSR being dropped to 85% and 55%? I thought such measure are to HELP the younger generations to buy their first home?

[dakia]

Sorry, how does this help first time buyers of property? As the dear guest mentioned, first time buyers obviously are less wealthy - tighter loans and lower tdsr affect flatly, aka across the board.

Unless prices drop more than the % of the lower tdsr, which we won't know - could hit both first time more than second time buyers. If it doesn't hurt second time buys more - the price will not drop much (market demand). That seems like a very risky policy to pursue without going thru parliament

[ocswoodlands]

lose the most - those who have not bought a 2nd property.

Gain the most- the one who collects the additional ABSD lah 😂😂

[gparamaeswary]

So how does it help first timehdb buyers if they lower the loan they can take!
Dont understand.

[deschan]

Beside being an ex minister son, whats has this guy achievement? .

[anziar]

Bravo to the s'pore govt for doing the right thing.

[-worlds-on-earth]

My opinion on this matter, another reckless move that increases the existing high cost of living by pegging the property price instead of bringing it down gradually.

It is more of monetization with policies by the government then cooling the property market!

How do you expect our children to have more kids with the ever increasing cost of living as property is the most expensive commitment for huge majority of Singaporeans!

The most important policy changes required : MUST-SELL-HDB-FLAT :
1) All private property owners cannot own HDB flat
2) Those who upgrade to private property MUST sell their existing HDB flat within a year.
3) Current private property owners that continue to own HDB flats must also sell it within a year.
4) If they cannot sell their HDB within a year there will be additional property tax of 20% for every incremental year

Simple!
Of course these new policies work but without this ultimate additional policy of must-sell-HDB-flat for private property owners, it may simply be temporary once people are used to the additional tax.

This is the most effective change as many private property owners continue to hoard and deprive the younger generations their rights to live a decent life and have more children!

[oldlee]

I got a few properties. But I don't mind the whole property market to bubble, so that the future generations can afford one! Price is too much for them! Cool down for locals but keeps pumping hot for foreigners to buy. The cool down is for foreigners to buy our property. That's why I buy a few for my sons in future wen I die.

[tonykwok]

PROVIDENT FUND....JUST RETURN THE CPF MONEY TO CITIZENS👍👍👍
HDB BTO 99 YEAR LEASE TIMEBOMB♨️💩♨️💩♨️💩

[miklee]

Why my previous comments don't show up?

[rl]

The biggest losers are not those who are looking to buy their investment properties but those who have bought in the past three years hoping to make a bundle when the project TOP.

[oldlee]

Oh direct sale to newer estates so that these estates price can surge!

[sharifahjais]

This is WELCOME RICH FOREIGNERS
Poorer Singapore citizens can eat grass

[Kermitgene]

It’s very difficult to listen to Dr Lee… don’t need to slang lah… just be natural!

[mariantia]

Winner is bank, loser will be developer.. Simply interest kick in soon.. 😉 😉

[ocswoodlands]

How can and why should something that takes up 1/2 to 1/4 of your net worth not be viewed as investment??? does it make sense??

if a property takes up only 10% or 5% of my networth, then its kachang puteh and I can let that part of my networth not produce any yield/capital gain..