Singapore Expats Forum
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- and having to sell within 6 months of buying a private condo!Wd40 wrote:http://www.todayonline.com/Singapore/ED ... g-measures
Most important part PRs will not be allowed to rent out their HDB. Very very interesting!
Simple: 'One room lock' ahWd40 wrote:http://www.todayonline.com/Singapore/ED ... g-measures
Most important part PRs will not be allowed to rent out their HDB. Very very interesting!
Yes I know a few who do that. However the vast majority don't I believe.Strong Eagle wrote:One more example of how non permanent PR's scamming of the system cause hardship and restrictions for those that take their PR seriously.
I can see how the game works. Get PR as quickly as you can. Buy and HDB flat and rent it out while moving back to home country. Enjoy the income without being part of Singapore.
Not really. HDB is more than aware of this "trick".JR8 wrote:Simple: 'One room lock' ahWd40 wrote:http://www.todayonline.com/Singapore/ED ... g-measures
Most important part PRs will not be allowed to rent out their HDB. Very very interesting!
It's alright because eventually, there would no dirty foreigners looking for units to rent.Wd40 wrote:http://www.todayonline.com/Singapore/ED ... g-measures
Most important part PRs will not be allowed to rent out their HDB. Very very interesting!
Well, it's only a problem if the owner lives in Singapore in another house(evn then I doubt it considering the number of ads on the property portals) But if owner goes abroad and locks one room, then technically it should be ok, because he can say that he is not renting out the whole unit but the room is for the owners belongings. I don't think it has has been explicitly mentioned anywhere that owner should also be living in the same house.x9200 wrote:Not really. HDB is more than aware of this "trick".JR8 wrote:Simple: 'One room lock' ahWd40 wrote:http://www.todayonline.com/Singapore/ED ... g-measures
Most important part PRs will not be allowed to rent out their HDB. Very very interesting!
How does that song Hulk Hogan used to sing go? "I'm proud to be an Americaaaan...!"There will also be Additional Buyer's Stamp Duty (ABSD) rates imposed on PRs buying their first residential property and on Singaporeans purchasing their second residential property.
More than a few estates are going to hit this in the next few years. I'm curious what it will do to resale HDB prices, especially in places like Marine Parade where we have people asking S$400k for 3-rooms with no view, and just shy of a million for 5 rooms, in units that were built in the 70s12 An additional measure will take effect on 1 July 2013 to tighten the terms for granting HDB loans and the use of CPF funds for the purchase of HDB flats with remaining leases of less than 60 years (details of this measure are in Annex IV).
In todays ST - fringe rentals are already falling....nakatago wrote:It's alright because eventually, there would no dirty foreigners looking for units to rent.Wd40 wrote:http://www.todayonline.com/Singapore/ED ... g-measures
Most important part PRs will not be allowed to rent out their HDB. Very very interesting!
A rather moronic question. We're not property gurus - we're expats.auet wrote:Would appreciate if anyone can advice on whether the new cooling measures will affect the price of HDB executive apartments (those that are near to mrt station)?