I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
@@Susanne-zuku Bridget Mary Turow is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
Why PR also given housings grant now? What about about local that served NS, can they be given additional housings grants? Why do not benefit Singaporean, but benefit given to PR who citizenship with other countries? If that the case, why would PR want take up citizenship? Only PR who served NS should get housing grants. Government takes care of Singaporean last.
Regardless citizens or PRs, only those who served NS in combat units should get grants, those who served in combat-support units may get half-grants, those who didn't serve at all should not get any grants.
Leong Mun Wai, has pointed out in an adjournment motion that this is the first time in HDB history that residents selected for SERS must top-up cash to get an equivalent replacement flat with a new 99-year lease. This was confirmed by Mr Leong during the deliberations of the Public Petitions Committee via questions to the Ministry for National Development (MND) for past examples of SES where the residents had needed to top-up cash for an equivalent flat with a new 99-year lease. The situation seen in AMK Ave 3 will likely get worse for many in the future as senior HDB owners see the value of their flats depreciate as the value of new flats gets more expensive.
Prof Tay, the government’s decision to promote public housing as an asset has resulted in three interrelated problems. Firstly, the government has trapped itself in a situation where the affordability and asset value of Housing Development Board (HDB) flats cannot go up, resulting in a deterioration of value over time. Secondly, many Singaporeans have all their life savings tied up in their flats and are hoping to recover their investment when they retire or downsize, but are likely to suffer a loss in price recovery. Finally, young people who are entering the property market are trapped in a debt cycle and cannot risk entrepreneurial ventures because they have to pay off their mortgages.
Ask any 99% of singaporean and they will tell you that they love homes and is an investment that will have solid returns so they will not see your opinion as valid at all
😂 u stupid or tio brain wash by WP? During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
@@kk22001 The problem is that for homes to remain affordable, the prices cannot rise anymore. And yet they keep on rising. Yeah I love living in a HDB, and I'm grateful for the BTO scheme. What about those people that don't manage to get through though? Obviously those people are going to buy resale. But then because prices are so high, they can't afford to buy flats, and so delay starting a family. Or they decide to not have kids at all and buy a small condo instead. And so the problem compounds. Sad case where the government, with the best of intentions, has led the public down the wrong path.
The UHW won’t be affected by the increase of ABSD if they want to park their money in sg. For those HNW, they can set up family office or “ invest “ enough $$$ to get PR and ta da ! 5% ABSD
The GIP awards Singapore Permanent Resident (PR) status to eligible global investors and includes an option that is specifically designed for family offices. Most of them Snap up by family office investors, but count under Local and PR. Please breakdown local vs PR percentage.
Simple answer "UP" but for those who can afford to pay. Those who bought luxurious properties are stuck. Who can they be sold to after the latest ABSD increase when foreigners at the millionaire-margins find it too taxing to consider? The key to property ownership is to cut the clothes according to your cloth. Buy only what you can afford that is within your means. Recognize that Singapore is a land-scarce City State with a well-managed economy and the fact that labour and material inputs into construction cost will continue going up especially with Asia and ASEAN developing at break-neck speed.
Louis Chua Insanity is doing the same thing over and over and expecting different results.” This saying is usually attributed to Albert Einstein, but one might argue also appears to be the current approach to the multitude of housing related issues we are seeing in Singapore today. More can be done, beyond “100,000 between 2021 to 2025” Can more be done? I certainly think so. In October last year, I asked if additional sites can be activated to increase the number of HDB BTO flat launches beyond the current plan to launch up to 100,000 flats in total from 2021 to 2025, should demand exceed current projections; and if not, what are the constraints for not being able to do so. Apart from reiterating existing plans to launch up to 100,000 flats between 2021 to 2025, I don’t think I got a response to my question.
😂 u stupid or tio brain wash by WP? During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
It's always the same demagogic lie. How can 10% influence the market? The area is limited in Singapore, almost a zero sum game. +10% means a strong seller's market, because domestics sell and buy, 10% foreigners are only buyers. Even 1-2% of external influence is enough to tip the balance.
PropNex are so wrong, when inflation is so high. We should speak about the danger of getting people into a trap. Bigger economy is very high risk and loads of head winds, influx of top rich foreigners are still buying in. If we says last transacted PSF is still higher and citizens and PR are chasing it without LOANS, apple to apple comparison. It will be a fair comparison. If not we should avoid trying to create a bubble if there are any. Not sure if many buyers are buying in with no loans like those out flow from greater China, who can sell their property and still buy Singapore property with cash out.
Bringing down a fundamental price-hope for the people whilst everything else goes up, including GST, ministerial remuneration and/or opportunities? The ongoing huge GCB saga of the 2 ministers not POFMA-ed yet? Just wondering 🤔 based on questions of public/national interest.
If left unchecked, PRC who come and setup family office in SG will create a property bubble in no time. The Chinese managed to built 600 millions residential buildings in Chinese for 1400 million population. 2 to 3 persons for each buildings. They managed to create one of the biggest properties bubble in China in the history over last 40 years. Now that the properties bubble pop in China. The same Rich chinese fleet to SG and start buying property again.
@@Grimarani Don't PRCs who bring 20 millions SGD to set family office in SG given PR? And they didn't give breakdown of citizen vs PR. Hope you not trying to con the people.
@@Grimarani if it is you would you bring 20 millions SGD to a place that don't even give you PR. Look around the Region, you can go anywhere you if you have 20 millions SGD. Even Japan will give you PR. Some very rich may bring even more, over hundred millions.
@@Grimarani just Google it. The GIP awards Singapore Permanent Resident (PR) status to eligible global investors and includes an option that is specifically designed for family offices. They never breakdowns local vs PR. But easily should be 80% family office PR investors vs less than 20% citizens.
😂 u stupid or tio brain wash by WP? During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
Singapore property price will always go up. "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
😂 yes. During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
Those who complaint a lot are those who have missed the property investment boat . Complaint cause got stuck and got no where to go. Life is a challenge and oppotu ities. Look at the Filipinos , with just a nursing diploma , they venture to America , U k., Middle East. Where as local people dont, and dare not take chances , feeling comfortable with their hard earned degrees, but degrees nowadsys are 5 cents 1 lorry. They complaint about SOUTH ASIAN talents coming in, But Indians take French or German as a Second language subjects and have wider exposure , with their diaspora spread over Kenya, South Africa, Uganda , Middle East , U.K. , America. They are able to be convincing and carry themselves well and are go getters and have never say die , nor surrender attitudes. While locals are happy to bark and yelp up the same tree. Asking why the tree pissing post have been moved. People who grew up with less like Pinoys and South Asians are thriving where Sin gaporeans darr not venture.
I'm in that South Asian category you mentioned above. It has a lot to do with not growing up with a silver spoon. You know the saying.. good times make weak men, weak men make bad times, bad times make strong men. We're all just in a cycle :)
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
@rachealhubert74 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@rachealhubert74 I will give this a look, thanks a bunch for sharing.
@@Susanne-zuku Bridget Mary Turow is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
Why PR also given housings grant now? What about about local that served NS, can they be given additional housings grants? Why do not benefit Singaporean, but benefit given to PR who citizenship with other countries? If that the case, why would PR want take up citizenship? Only PR who served NS should get housing grants. Government takes care of Singaporean last.
Regardless citizens or PRs, only those who served NS in combat units should get grants, those who served in combat-support units may get half-grants, those who didn't serve at all should not get any grants.
why half grants? you're discriminating against people with collapsed lungs or one blind eye?
Leong Mun Wai, has pointed out in an adjournment motion that this is the first time in HDB history that residents selected for SERS must top-up cash to get an equivalent replacement flat with a new 99-year lease.
This was confirmed by Mr Leong during the deliberations of the Public Petitions Committee via questions to the Ministry for National Development (MND) for past examples of SES where the residents had needed to top-up cash for an equivalent flat with a new 99-year lease.
The situation seen in AMK Ave 3 will likely get worse for many in the future as senior HDB owners see the value of their flats depreciate as the value of new flats gets more expensive.
Swee. That'll teach people not to profit off housing
Prof Tay, the government’s decision to promote public housing as an asset has resulted in three interrelated problems.
Firstly, the government has trapped itself in a situation where the affordability and asset value of Housing Development Board (HDB) flats cannot go up, resulting in a deterioration of value over time.
Secondly, many Singaporeans have all their life savings tied up in their flats and are hoping to recover their investment when they retire or downsize, but are likely to suffer a loss in price recovery.
Finally, young people who are entering the property market are trapped in a debt cycle and cannot risk entrepreneurial ventures because they have to pay off their mortgages.
Ask any 99% of singaporean and they will tell you that they love homes and is an investment that will have solid returns so they will not see your opinion as valid at all
😂 u stupid or tio brain wash by WP? During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
@@kk22001 The problem is that for homes to remain affordable, the prices cannot rise anymore. And yet they keep on rising.
Yeah I love living in a HDB, and I'm grateful for the BTO scheme. What about those people that don't manage to get through though? Obviously those people are going to buy resale.
But then because prices are so high, they can't afford to buy flats, and so delay starting a family. Or they decide to not have kids at all and buy a small condo instead.
And so the problem compounds. Sad case where the government, with the best of intentions, has led the public down the wrong path.
@@madcube1581 - stretch the loans to 30 to 40 years then. Problem solved!
The UHW won’t be affected by the increase of ABSD if they want to park their money in sg. For those HNW, they can set up family office or “ invest “ enough $$$ to get PR and ta da ! 5% ABSD
The GIP awards Singapore Permanent Resident (PR) status to eligible global investors and includes an option that is specifically designed for family offices.
Most of them Snap up by family office investors, but count under Local and PR. Please breakdown local vs PR percentage.
Simple answer "UP" but for those who can afford to pay. Those who bought luxurious properties are stuck. Who can they be sold to after the latest ABSD increase when foreigners at the millionaire-margins find it too taxing to consider? The key to property ownership is to cut the clothes according to your cloth. Buy only what you can afford that is within your means. Recognize that Singapore is a land-scarce City State with a well-managed economy and the fact that labour and material inputs into construction cost will continue going up especially with Asia and ASEAN developing at break-neck speed.
Louis Chua
Insanity is doing the same thing over and over and expecting different results.” This saying is usually attributed to Albert Einstein, but one might argue also appears to be the current approach to the multitude of housing related issues we are seeing in Singapore today.
More can be done, beyond “100,000 between 2021 to 2025”
Can more be done? I certainly think so.
In October last year, I asked if additional sites can be activated to increase the number of HDB BTO flat launches beyond the current plan to launch up to 100,000 flats in total from 2021 to 2025, should demand exceed current projections; and
if not, what are the constraints for not being able to do so.
Apart from reiterating existing plans to launch up to 100,000 flats between 2021 to 2025, I don’t think I got a response to my question.
😂 u stupid or tio brain wash by WP? During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
It's always the same demagogic lie.
How can 10% influence the market?
The area is limited in Singapore, almost a zero sum game.
+10% means a strong seller's market, because domestics sell and buy, 10% foreigners are only buyers.
Even 1-2% of external influence is enough to tip the balance.
Exactly. Just look at how Elon’s selling of Tesla stock last year caused the stock price to crash.
PropNex are so wrong, when inflation is so high. We should speak about the danger of getting people into a trap. Bigger economy is very high risk and loads of head winds, influx of top rich foreigners are still buying in. If we says last transacted PSF is still higher and citizens and PR are chasing it without LOANS, apple to apple comparison. It will be a fair comparison. If not we should avoid trying to create a bubble if there are any. Not sure if many buyers are buying in with no loans like those out flow from greater China, who can sell their property and still buy Singapore property with cash out.
Everyone saying it will crash but prices has over increased over the years..
Bringing down a fundamental price-hope for the people whilst everything else goes up, including GST, ministerial remuneration and/or opportunities? The ongoing huge GCB saga of the 2 ministers not POFMA-ed yet? Just wondering 🤔 based on questions of public/national interest.
wow congratulation Singapore Housing LandLord. My question is why arent there any ABSD for commercial unit? LoL
Prices will never go down for scarce resources.
The government has a full monopoly, and can set the prices to whatever they want to.
Chinese dream is going to Singapore 🇸🇬.
Singaporean dream is going to America.
America dream is going to Syria.
@@tokitoyotokitoyoBut will Syria open doors and welcome America ?
If left unchecked, PRC who come and setup family office in SG will create a property bubble in no time. The Chinese managed to built 600 millions residential buildings in Chinese for 1400 million population. 2 to 3 persons for each buildings. They managed to create one of the biggest properties bubble in China in the history over last 40 years. Now that the properties bubble pop in China. The same Rich chinese fleet to SG and start buying property again.
In the video, didn't the propnex CEO mention that 98.5% of buyers are citizens and PR?
@@Grimarani Don't PRCs who bring 20 millions SGD to set family office in SG given PR? And they didn't give breakdown of citizen vs PR. Hope you not trying to con the people.
@@ericphua2359 well, I dont know that PRCs who bring 20 millions USD to set family office in SG are given PR, that's why i'm asking
@@Grimarani if it is you would you bring 20 millions SGD to a place that don't even give you PR. Look around the Region, you can go anywhere you if you have 20 millions SGD. Even Japan will give you PR. Some very rich may bring even more, over hundred millions.
@@Grimarani just Google it.
The GIP awards Singapore Permanent Resident (PR) status to eligible global investors and includes an option that is specifically designed for family offices.
They never breakdowns local vs PR.
But easily should be 80% family office PR investors vs less than 20% citizens.
5:47 Someone's going to get fired.
New Citizen & PR also Singaporean ?! This is a big joke ! If Foreigner keep coming in , House Price cannot go down !
😂 u stupid or tio brain wash by WP? During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
Singapore property price will always go up.
"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
😂 yes. During 1997 many hongkies come SG buy property, most Singaporean huat till buay link chu. Now is the same, just go and buy, when Taiwan declare independence, more Taiwanese will come, then u huat again. Faster go buy. Money just a number borrow from bank. Let us all Singaporean huat together and vote PAP for more good years ahead. Huat ah!
Please don't always quote the dead man. Look at China property bubble and learn a lesson there.
Must be agent or got vested interest lol
@@hgft274 Singapore is unique. As a Singaporean I ofcos have a vest interest in SG la. If not prey SG become poor meh?
Rip our market , affordable houses in "good area" is in the millions joke ...
Those who complaint a lot are those who have missed the property investment boat .
Complaint cause got stuck and got no where to go.
Life is a challenge and oppotu ities.
Look at the Filipinos , with just a nursing diploma , they venture to America , U k., Middle East.
Where as local people dont, and dare not take chances , feeling comfortable with their hard earned degrees, but degrees nowadsys are 5 cents 1 lorry.
They complaint about SOUTH ASIAN talents coming in,
But Indians take French or German as a Second language subjects and have wider exposure , with their diaspora spread over Kenya, South Africa, Uganda , Middle East , U.K. , America.
They are able to be convincing and carry themselves well and are go getters and have never say die , nor surrender attitudes.
While locals are happy to bark and yelp up the same tree. Asking why the tree pissing post have been moved.
People who grew up with less like Pinoys and South Asians are thriving where Sin gaporeans darr not venture.
LOL talk like you made it but probably still living with your parents
I'm in that South Asian category you mentioned above. It has a lot to do with not growing up with a silver spoon. You know the saying.. good times make weak men, weak men make bad times, bad times make strong men. We're all just in a cycle :)
Lets wait for all the agent comments to hype the market and create FOMO 🤣.....
Goes to Chinese billionaire or India billionaire 😂😂