Mr. Loo you are absolutely right; the govt missed an opportunity to curb property prices at the time when ONLY a small number of HDB flats were sold at over $1M. A little too late now. They just need to hurry to launch more BTOs quickly hoping that home buyers will look to BTOs to make the windfall profit.
Agent Narrative Before and After Cooling measures. Don’t see much posting by agent on this article. But when fed released some cuts, Wah, literally everyone post about how your affordability has increased and prices will go up. Before cooling measure (Coming) Mr Client, I think you need to quickly secure it before you are priced out. Also, my take is that government may introduced longer SSD like 4-5 years After cooling measures Mr Client, can you imagine if government removed all cooling measures, it will be a straight line trajectory upwards, right? This shows that our property market is strong. My take is to secure it before it’s getting too late. We use leverage. Buy now and sell 3-4 years later, trust me, the upgrades from HDB will take one cos a lot of million dollar flats.
bubbles cause misallocation of capital and labour. I have seen engineers and architects quit their their jobs to become stock brokers, bankers, financial analysts and property agents. bursting of asset bubbles is needed to reallocate resources to more productive activity like food production, green energy, environmental protection etc...
Increase in property prices do not equate to a bubble...they need to prove its a bubble first. Prices have shot up because all the good launches are end of the year. One needs to look at the quality of launches and also realise the demand is due to pent up demand from the whole of 2024 supported by lowering of interest rates.
Yea they assume they could calibrate housing prices. Thats stupid or rather haughty. The only way to control housing prices is to crash it. Crazy as it sounds, it is necessary to seriously dampen appetite.
Jai Hind. Most policymakers are not as determined as China's Xi to fight big Property bubbles created by Speculators and Developers that can perpetually keep young home-makers from buying their Dream homes based on their incomes. As such, even public housing had reached stratigraphic heights above 1 million SGD. Some property agents are now openly thinking of marketing newly MOP listings at a new benchmark of 2 million.
Singapore is an open market, gov can't always step in and control the private property price, willing buyer/willing seller. So long HDB BTO is affordable, youngster can afford then should be fine. Just like will anybody say "S&P500" when up too high, US Gov should step in an curb it? No right?
@@eng80425 land should be sold to the highest bidder. if its $1 then so be it. this will bring down prices to market levels rather than an artificially set price by SLA. have an open bidding system like coe for land.
Why dun gahment just cool the condo and private prices? When these are cooled... more singapoeans will buy private, and bypass HDB... and HDB will drop organically? Why ah? Dun want to offend the upper class condo/private owners but dun mind upsetting the middle and lower class HDB buyers?
The govt locking of well-located BTO flats' MOP to 10 years as well as the claw back could also help to restrict supply and spike future resale price further.
Disagree with a comparison with China.(world apart) Everything bubble ongoing all over the world. Over leveraging by individuals will only suffer when the bubble burst. However those elderly who sold their flat and moved to rental or staying with children should do well. Government should keep hands off for now and watch further, being a world economic issue and not Singapore's alone. A major shift in wealth transfer should be allow to transit naturally. However, many speculators will suffer badly which is key in this coming downturn. Not forgetting, there are always winners and of course losers in very investment decisions. Too much intervention by governments will only profit the top 1% wealthy. HANDS OFF! Let market forces decide. Grow up, big opportunities lies within the bubbly sensation. Only boils down to decision and execution. We definitely need more borrowers to create new money in the coming years. Simple, just pick a side, winners or loaers? Owners or Salves? or lastly do nothing and watch the movie play out. But isn't good feeling to have a million dollar asset among your peers and relatives?
Is property one of the items in the basket of goods measuring our GDP? If that’s the case then it’s no wonder the government has no interest in curbing it because it makes them look like our GDP and our economy is growing.
Agree, not in the interest of Singaporeans/govt to have property prices fall. The opinions of these experts are seems rather antagonistic/ manipulative
@@stephenang499 what are you talking about? Majority of Singaporeans are snapping up properties at record prices. Only ones complaining are losers and those that missed the boat
How can people in Singapore enjoy high property prices? If you are live in that home, it doesn't matter until you move out from Singapore to cash out the property. If you are an investor, it is even bad for you, because your ROE is low, so it is expensive for you. I know, you can say that you as an investor earn so much in rising the property prices. But if you still own property it doesn't matter. You are paying alternative cost (you could sell our property and invest in a business as example).
Do be more discerning please... the inflation is a global phenomenon owing to massive money printing globally... and when there is worldwide inflation eroding middle class wealth... will reducing their HDB property values help them or make them suffer more in terms of wealth... I know you may say that the poor and younger (yet to purchase properties) will suffer as well... but this is why inflation needs to continue to force the real wages to grow in the end...
Let this happen here. The big slide won't affect the majority as much as those gung-ho ones who jumped in recently. The drop in prices won't affect those who have only a kkk (borrowing Mr Loo's reference) roof.
The hdb don't wanted to raise the prices early cos of election.Becos of everyone start pushing plus affordable paying high prices or selling good price .. HDB must step into it. Who spoiled and destroyed the market All of US (human). Cant blame hdb. Next new generation, maybe RENT by hdb flats and can't affordable to buy. Cpf, also not enough for a single buyer buy a one room flat. Cash and Cpf need to top up. Population getting more and more and ageing too. There maybe lesser and lesser 4rm and 5rm flats
Agreed! The government won't crash the property prices as there's a high political cost. In addition, the housing prices are still affordable and there's no need for drastic measures. Salaries here are high, and food costs and public transport are dirt cheap. The government knows many people are only pretending to be poor. Hahahaha
I think these two analysts cannot buy the condos and want to talk down the prices. If you understand the buyers' profile, many were en bloc owners finding replacement houses. But the news likes to blow things out of proportion.
Please don't talk about 1M resale flats. Now resale 4RM already crossed 1M. 5room will cross 2m soon. In fact, 5 room BTO could have crossed 1M if they build 5Room in city or Tiong Bahru or Queenstown area. The premium flats will have to pay a sales levy when sold. This is a deferred payment or tax whichever u call it. The reality is BTO is more than 1m may be for 4rm in the city with no sales tax. Toa Payoh Orix sold at 2600psf on average. Is it still affordable even for tertiary educated double income families?
Condo are for top 20 percentile of Singaporeans with high income, why should it be affordable? To the top 20 percentile, some may even find Orix cheap, just look at Emerald of Katong, blame the game, not the player.
@@kennySg101 $500k is dirt cheap. If you can't afford its a you problem. Time to reflect on your life choices. Maybe don't go calling hookers or go overseas holidays every month or eat in fancy cafes then you might save some money to afford to buy a $500k property
Why should gov care too much about private property prices? Sure it may have an indirect impact on HDB prices but if there’s going to be any policy, it will be targeted at HDB first.
Free market? Most land is owned by government. Over 80% of all residential properties are built by government. Even if you buy private new condo it would be probably yours for 99 years only.
New supplies of HDB hitting MOP and private properties reaching TOP reduced sharply the next 2 years. We will see prices continue to go up further.
Mr. Loo you are absolutely right; the govt missed an opportunity to curb property prices at the time when ONLY a small number of HDB flats were sold at over $1M. A little too late now. They just need to hurry to launch more BTOs quickly hoping that home buyers will look to BTOs to make the windfall profit.
tiagong 2025 got election so music must go on, after election maybe hammer will come down to spoil the party (heavy property cooling measures)
Frankly, I don't see a bubble
Agent Narrative Before and After Cooling measures. Don’t see much posting by agent on this article. But when fed released some cuts, Wah, literally everyone post about how your affordability has increased and prices will go up.
Before cooling measure (Coming)
Mr Client, I think you need to quickly secure it before you are priced out. Also, my take is that government may introduced longer SSD like 4-5 years
After cooling measures
Mr Client, can you imagine if government removed all cooling measures, it will be a straight line trajectory upwards, right? This shows that our property market is strong. My take is to secure it before it’s getting too late. We use leverage. Buy now and sell 3-4 years later, trust me, the upgrades from HDB will take one cos a lot of million dollar flats.
The only way to curb the rising property prices is build, baby, build.
bubbles cause misallocation of capital and labour. I have seen engineers and architects quit their their jobs to become stock brokers, bankers, financial analysts and property agents. bursting of asset bubbles is needed to reallocate resources to more productive activity like food production, green energy, environmental protection etc...
Increase in property prices do not equate to a bubble...they need to prove its a bubble first.
Prices have shot up because all the good launches are end of the year. One needs to look at the quality of launches and also realise the demand is due to pent up demand from the whole of 2024 supported by lowering of interest rates.
Yea they assume they could calibrate housing prices. Thats stupid or rather haughty. The only way to control housing prices is to crash it. Crazy as it sounds, it is necessary to seriously dampen appetite.
Barclay just have short position on reits tied to residential property types
Sitting in my 8000sqft bungalow here in KL, I really don't see what is so special about Singapore.
Government still say property prices are affordable here. Why let the property bubble grow?
Jai Hind. Most policymakers are not as determined as China's Xi to fight big Property bubbles created by Speculators and Developers that can perpetually keep young home-makers from buying their Dream homes based on their incomes. As such, even public housing had reached stratigraphic heights above 1 million SGD. Some property agents are now openly thinking of marketing newly MOP listings at a new benchmark of 2 million.
Singapore is an open market, gov can't always step in and control the private property price, willing buyer/willing seller. So long HDB BTO is affordable, youngster can afford then should be fine. Just like will anybody say "S&P500" when up too high, US Gov should step in an curb it? No right?
say open market but reject bid when the bids value is too low?
@@eng80425 why not? Would you accept a job if it pays too low?
@@eng80425 land should be sold to the highest bidder. if its $1 then so be it. this will bring down prices to market levels rather than an artificially set price by SLA. have an open bidding system like coe for land.
Why dun gahment just cool the condo and private prices? When these are cooled... more singapoeans will buy private, and bypass HDB... and HDB will drop organically?
Why ah? Dun want to offend the upper class condo/private owners but dun mind upsetting the middle and lower class HDB buyers?
Its too hot when you see there is an increase in default.
Clearly half-hearted to control prices we can see 😂
Precisely. 👍
higher property price, higher taxes income for the govt.
the fact is simple.
there are many roads to Rome aka wealth.
S&P, high pay, marry into wealth etc and even property 😂
The govt locking of well-located BTO flats' MOP to 10 years as well as the claw back could also help to restrict supply and spike future resale price further.
Disagree with a comparison with China.(world apart) Everything bubble ongoing all over the world. Over leveraging by individuals will only suffer when the bubble burst. However those elderly who sold their flat and moved to rental or staying with children should do well. Government should keep hands off for now and watch further, being a world economic issue and not Singapore's alone. A major shift in wealth transfer should be allow to transit naturally. However, many speculators will suffer badly which is key in this coming downturn. Not forgetting, there are always winners and of course losers in very investment decisions. Too much intervention by governments will only profit the top 1% wealthy. HANDS OFF! Let market forces decide. Grow up, big opportunities lies within the bubbly sensation. Only boils down to decision and execution. We definitely need more borrowers to create new money in the coming years. Simple, just pick a side, winners or loaers? Owners or Salves? or lastly do nothing and watch the movie play out. But isn't good feeling to have a million dollar asset among your peers and relatives?
Is property one of the items in the basket of goods measuring our GDP? If that’s the case then it’s no wonder the government has no interest in curbing it because it makes them look like our GDP and our economy is growing.
the best way to curb ppty prices is not to intervene in the ppty market when it crashes
so you are suggesting that Spore do the same as in China, wait will the bubble is so big then take actions?
Useless PAP Government.
Agree, not in the interest of Singaporeans/govt to have property prices fall. The opinions of these experts are seems rather antagonistic/ manipulative
Not in the interest of Singaporeans? Present or future Singaporeans?
@@stephenang499 what are you talking about? Majority of Singaporeans are snapping up properties at record prices. Only ones complaining are losers and those that missed the boat
How can people in Singapore enjoy high property prices? If you are live in that home, it doesn't matter until you move out from Singapore to cash out the property. If you are an investor, it is even bad for you, because your ROE is low, so it is expensive for you. I know, you can say that you as an investor earn so much in rising the property prices. But if you still own property it doesn't matter. You are paying alternative cost (you could sell our property and invest in a business as example).
so the government is responsible for creating this bubble until it reach a point where u cannot prick it anymore?
Do be more discerning please... the inflation is a global phenomenon owing to massive money printing globally... and when there is worldwide inflation eroding middle class wealth... will reducing their HDB property values help them or make them suffer more in terms of wealth...
I know you may say that the poor and younger (yet to purchase properties) will suffer as well... but this is why inflation needs to continue to force the real wages to grow in the end...
It's well known that the government is not shy to do the right thing, aka long term interest of Singapore. Don't underestimate PM Wong's resolve.
Policymakers won’t prick the bubble when there is a GE on the horizon.
Hongkong property market has fallen by 30% to 40% and I don't think we are safe when Trump starts to Swing his sickel next year😅
Let this happen here. The big slide won't affect the majority as much as those gung-ho ones who jumped in recently. The drop in prices won't affect those who have only a kkk (borrowing Mr Loo's reference) roof.
Make hay while the sun shines... land parcels are good revenue generators
LET DEMAND AND SUPPLY PLAY OUT IN THIS FREE MARKET. SG IS NOT A COMMUNIST STATE. THE GOV CANNOT REGULATE AS AND WHEN THEY PLEASE
Totally true. Because the property bubble contributes to GDP growth!
The hdb don't wanted to raise the prices early cos of election.Becos of everyone start pushing plus affordable paying high prices or selling good price .. HDB must step into it.
Who spoiled and destroyed the market All of US (human). Cant blame hdb.
Next new generation, maybe RENT by hdb flats and can't affordable to buy. Cpf, also not enough for a single buyer buy a one room flat. Cash and Cpf need to top up.
Population getting more and more and ageing too. There maybe lesser and lesser 4rm and 5rm flats
Desmond lee not doing his job
Agreed! The government won't crash the property prices as there's a high political cost. In addition, the housing prices are still affordable and there's no need for drastic measures. Salaries here are high, and food costs and public transport are dirt cheap. The government knows many people are only pretending to be poor. Hahahaha
⬆️ is a rich person here!
How about the equally huge political cost of not pricking it?
@@davidf.8533 what political cost? Political cost from losers and cry babies who missed the boat?
u r wasting your time, if measures are lifted, prices will sky rocket
Property crash is gd for future generations???? Future generations then can afford?
I think these two analysts cannot buy the condos and want to talk down the prices. If you understand the buyers' profile, many were en bloc owners finding replacement houses. But the news likes to blow things out of proportion.
Just an opinion, policy is "not bothering".
Please don't talk about 1M resale flats. Now resale 4RM already crossed 1M. 5room will cross 2m soon. In fact, 5 room BTO could have crossed 1M if they build 5Room in city or Tiong Bahru or Queenstown area. The premium flats will have to pay a sales levy when sold. This is a deferred payment or tax whichever u call it. The reality is BTO is more than 1m may be for 4rm in the city with no sales tax. Toa Payoh Orix sold at 2600psf on average. Is it still affordable even for tertiary educated double income families?
Why talk aboit affordable? Want affordable go Marsiling or Kranji lah. Can't have your cake and eat it.
@@xxxcool2565Do you know the price of 5rm in Tenga?
@xxxcool2565 Also not cheap my friend! Tenga already around 500k for 5RM.
Condo are for top 20 percentile of Singaporeans with high income, why should it be affordable? To the top 20 percentile, some may even find Orix cheap, just look at Emerald of Katong, blame the game, not the player.
@@kennySg101 $500k is dirt cheap. If you can't afford its a you problem. Time to reflect on your life choices. Maybe don't go calling hookers or go overseas holidays every month or eat in fancy cafes then you might save some money to afford to buy a $500k property
It will end badly ....
Why should gov care too much about private property prices? Sure it may have an indirect impact on HDB prices but if there’s going to be any policy, it will be targeted at HDB first.
Both private and HDB markets are not mutually exclusive. They instead have an incestuous relationship.
Why must the government regulate a free market? We are not communist state! Let demand and supply play out! Cammon man
Free market? Most land is owned by government. Over 80% of all residential properties are built by government. Even if you buy private new condo it would be probably yours for 99 years only.
@M43782 then? Bring it together with you to the afterlife? Lol. What kumgongs singaporeans like you decended to
lol "sg not communist state" lol. Cute
Pap is worried to take corrective steps may be..sue to coming elections