The latest four additional measures to help middle-income Singaporeans afford their first home and low-income families upgrade to larger flats, and to facilitate mutual care and support for multi-generation families. MND also introduce two measures to further stabilize the HDB resale market. Below is my analysis of the market reaction of the measures. 1) HDB resale market prices will soften and transacted prices of HDB resales flats will be as close to their valuation. Lesser COVs to be expected with lessers PRs in the resale market because of the MIN 3 year old PR ruling, additional 5% stamp duty. You will expect locals to pay more interest to NEW DBSS, BTOs & ECs as they supply continues to be steady. 2)HDB rental market will increase in demand as PRs have no choice but to rent. 3)Private Homes, particular lower quantum homes will increase in demand as new PRs will start to target their first home if they plan to stay for long term stay in Singapore. I see that its a good policy by MND to stablise the market and also prevent PRs from cashing out from HDB flats. Previous measures already prevent PRs from renting out their flats. I believe this measures will encourage PRs to bring in more money into Singapore Economy rather then bringing out back to their home town. I do see a SUPERB OPPORTUNITY for HDB rental market and also lower quantum Pte Homes Particularly the rural areas! Be Positive My Agent Friends! Ken Khoo ST
Posted on: Thu, 29 Aug 2013 09:50:16 +0000
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