Serious Sinkies Flock To Buy Condo In Hougang Before New Property Taxes Come Into Effect! Oppie Votes Diluted!

[ginfreely]

The countries around us have more "middle class plus" than before. Just China alone, the "middle class plus" are trying to get their money out of China in a property around the region, be it Hong Kong, Singapore, Malaysia, Thailand, ANZ or Vietnam. The RMB is artificially kept low and these educated "middle class plus" know that keeping their money in RMB or RMB assets is depreciation (unless of course you are talking about high end uptown stuff in Shanghai etc, which these middle class plus cannot afford).

Singapore is always a good choice for them due to a substantial proportion of Chinese in this country.

These "middle class plus" earns easily an equivalent SGD150k to SGD250k per annum. And you can imagine for a big population like China, this "middle class plus" translate into a huge quantitative figure. Not forgetting other countries which are also producing more "middle class plus" like Vietnam, Indonesia, Philippines, Malaysia and Thailand.

If the MIW doesn't implement more ABSD, this growing "middle class plus" will flood the market in Singapore distorting the property prices to a point of no return, to the extent of threatening PAP own political survival. Our own "middle class plus" have been engaging in their 2nd or 3rd property locally too. ABSD and LTV ratio on them is politically correct too.

You are just waiting for your parents to die to inherit house and money of course you heck care about measures that affect only others. And money to buy your condo comes from your daddy of course you don’t feel pain and got time to waste on insulting me with malicious lies and calling it entertainment with Malaysian pride!

 

[ginfreely]

the day KY gel rises from his urn, but i suspect that may be count Duckula or resident evil GinFarkly

If I am resident evil then you are what? Don’t forget you are one of the ccb Malaysian dog hounding me since day one insinuating insult of slut whore mistress.

 

[AhMeng]

You are just waiting for your parents to die to inherit house and money of course you heck care about measures that affect only others. And money to buy your condo comes from your daddy of course you don’t feel pain and got time to waste on insulting me with malicious lies and calling it entertainment with Malaysian pride!

Why do I need any money from my parents when my annual package is more than 550k? Lol

 

[eatshitndie]

The countries around us have more "middle class plus" than before. Just China alone, the "middle class plus" are trying to get their money out of China in a property around the region, be it Hong Kong, Singapore, Malaysia, Thailand, ANZ or Vietnam. The RMB is artificially kept low and these educated "middle class plus" know that keeping their money in RMB or RMB assets is depreciation (unless of course you are talking about high end uptown stuff in Shanghai etc, which these middle class plus cannot afford).

Singapore is always a good choice for them due to a substantial proportion of Chinese in this country.

These "middle class plus" earns easily an equivalent SGD150k to SGD250k per annum. And you can imagine for a big population like China, this "middle class plus" translate into a huge quantitative figure. Not forgetting other countries which are also producing more "middle class plus" like Vietnam, Indonesia, Philippines, Malaysia and Thailand.

If the MIW doesn't implement more ABSD, this growing "middle class plus" will flood the market in Singapore distorting the property prices to a point of no return, to the extent of threatening PAP own political survival. Our own "middle class plus" have been engaging in their 2nd or 3rd property locally too. ABSD and LTV ratio on them is politically correct too.

there are tiong money laundering syndicates who help tiongs move money out of prc by sponsoring “tourists” for heavily discounted or free tours but they must carry cash piles of rmb696k each to deposit overseas. no wonder there are so many mountain tortoise tourists from prc flooding the world.

 

[ginfreely]

Why do I need any money from my parents when my annual package is more than 550k? Lol

Ya right you selling your backside to get that. Don’t forget you are caught always accusing me what you are yourself. No bottom line to make money is you and your slut mother from pahang! Like mother like son!

 

[AhMeng]

Ya right you selling your backside to get that. Don’t forget you are caught always accusing me what you are yourself. No bottom line to make money is you and your slut mother from pahang! Like mother like son!

Lol put it this way, there are more forummers here who are more deserved if they want to Haolian here, and you are definitely not one of them.

 

[ginfreely]

Lol put it this way, there are more forummers here who are more deserved if they want to Haolian here, and you are definitely not one of them.

Ya of course looking down on people is your usual hao Lian behavior. Again you are ALWAYS what you accused me to be. Whether i deserved to cheer my property price increase or not is not for you ccb Malaysian son of pahang whore to say. Anyone can cheer his football team winning means anyone can cheer whatever they want to cheer. It’s not like insulting people that no one is entitled to do so. But of course this is beyond your understanding and lowlife level of Malaysian bastard that called insulting me as entertainment.

 

[Seee3]

I heard about the downturn for Yonks..I heard it in 2014..n I now hear it again. So this downturn. When will it arrive? Since u are so sure of what u say

Maybe you hear from wrong source. 1997 is Asian financial crisis. 2008 is US crisis. Probably that is how the 10 year cycle comes about.

Such economic cycle has some truth as it is the product of human behavior. So 2018 is about time for a repeat. However, this years boom seems to have been planned a year ago. My friend had told me in 2017 that 2018 is the time to let go. Kind of scary situation.

 

[zhihau]

Maybe you hear from wrong source.

Tiagong Mandarin Gardens can't hit 80%. End of the EnBloc wave?

 

[winnipegjets]

there are tiong money laundering syndicates who help tiongs move money out of prc by sponsoring “tourists” for heavily discounted or free tours but they must carry cash piles of rmb696k each to deposit overseas. no wonder there are so many mountain tortoise tourists from prc flooding the world.

Stupid US Customs officers ...they should check these Ah Tiong tourists and them confiscate the money. I doubt many of them will declare that they are carrying that much money.

 

[Hypocrite-The]

Maybe you hear from wrong source. 1997 is Asian financial crisis. 2008 is US crisis. Probably that is how the 10 year cycle comes about.

Such economic cycle has some truth as it is the product of human behavior. So 2018 is about time for a repeat. However, this years boom seems to have been planned a year ago. My friend had told me in 2017 that 2018 is the time to let go. Kind of scary situation.

So when the bust come..can buy?

 

[winnipegjets]

Maybe you hear from wrong source. 1997 is Asian financial crisis. 2008 is US crisis. Probably that is how the 10 year cycle comes about.

Such economic cycle has some truth as it is the product of human behavior. So 2018 is about time for a repeat. However, this years boom seems to have been planned a year ago. My friend had told me in 2017 that 2018 is the time to let go. Kind of scary situation.

My wrong ...I was referring to the 2008 crisis. Complacency has set in. Everyone thinks that they will not be the one getting caught with the bag.
I wonder why people take unnecessary risk.

 

[eatshitndie]

Stupid US Customs officers ...they should check these Ah Tiong tourists and them confiscate the money. I doubt many of them will declare that they are carrying that much money.

u.s. customs limit is usd10k. so, rmb696k is about right. can keep rmb69k in wallet or purse as petty cash. rest bundle in slip lock bags in carry-on, and well below usd10k equivalent. depending on exchange rate, if usd1 to cny6.9 (same as rmb), can hand carry cny690k. if usd1 to cny6.69, can hand carry cny669k. syndicates will know and plan ahead with exchange rates in mind. see item #13 below. wealthier tiongs are smarter, more sophisticated and better connected. they pull out chunks of cash with fake "relatives" and "friends" and deposit them in u.s. banks for eb-5 visa program. each one contributes usd1m to each fund. 1000 of them can pool usd1b for quid pro quo scam of exchanging fund for 1000 eb-5 visas. this usually involves real estate development with american partners in so called targeted areas. there are several usd1b funds, and there are several developments happening at the same time. i replied to asterix about this inquiry in the emigration folder. late last year, prc put a new cap on cash withdrawals overseas with prc bank cards (up to usd15k or 100k cny). cat and mouse game going on.

 

[ginfreely]

Maybe you hear from wrong source. 1997 is Asian financial crisis. 2008 is US crisis. Probably that is how the 10 year cycle comes about.

Such economic cycle has some truth as it is the product of human behavior. So 2018 is about time for a repeat. However, this years boom seems to have been planned a year ago. My friend had told me in 2017 that 2018 is the time to let go. Kind of scary situation.

No it’s not ten year cycle. After 1997 crash, the Spore property market prices recovered in 2000 but dropped again after dot.com bust in 2001/2 and crashed in 2003 due to SARS. Global crisis in 2008 recovered very quickly in 2009.

 

[winnipegjets]

So when the bust come..can buy?

I would. Those who sold during the crisis are barely hitting even, depending when they got back in. Invest in equities for long term. Market timing is like gambling in the casino. Stay invested during thick or thin.

 

[winnipegjets]

u.s. customs limit is usd9k. so, rmb696k is about right or just scratching the limit if rmb69k equivalent is kept in wallet or purse as petty cash. the remainder if just below usd9k don't need to declare.

USD9k = RMB59. RMB696k = USD107k ....exchange at Y6.5 = USD1. Custom officers could have been rich!

 

[Hypocrite-The]

I would. Those who sold during the crisis are barely hitting even, depending when they got back in. Invest in equities for long term. Market timing is like gambling in the casino. Stay invested during thick or thin.

Those that sold during the crisis should have earned unless one is talking about luxury properties whereby only 1percent can buy. HDB flats have shot up recently no way lose money.

 

[Wunderfool]

I haven't taken a cent from my parents since I graduated. Lol

Respect!

 

[winnipegjets]

Respect!

He just took it from the trust fund ;-)

 

[Wunderfool]

The countries around us have more "middle class plus" than before. Just China alone, the "middle class plus" are trying to get their money out of China in a property around the region, be it Hong Kong, Singapore, Malaysia, Thailand, ANZ or Vietnam. The RMB is artificially kept low and these educated "middle class plus" know that keeping their money in RMB or RMB assets is depreciation (unless of course you are talking about high end uptown stuff in Shanghai etc, which these middle class plus cannot afford).

Singapore is always a good choice for them due to a substantial proportion of Chinese in this country.

These "middle class plus" earns easily an equivalent SGD150k to SGD250k per annum. And you can imagine for a big population like China, this "middle class plus" translate into a huge quantitative figure. Not forgetting other countries which are also producing more "middle class plus" like Vietnam, Indonesia, Philippines, Malaysia and Thailand.

If the MIW doesn't implement more ABSD, this growing "middle class plus" will flood the market in Singapore distorting the property prices to a point of no return, to the extent of threatening PAP own political survival. Our own "middle class plus" have been engaging in their 2nd or 3rd property locally too. ABSD and LTV ratio on them is politically correct too.

Meng why don’t PAP implement ABSD for foreigners only ? Why local citizens also got increase in ABSD?