tag:blogger.com,1999:blog-11702093.post8736673206363217424..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: When will property burst?Tan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11702093.post-21653963428039787332013-01-16T11:39:56.146+08:002013-01-16T11:39:56.146+08:00Increase in stamp duty dun affect a purchaser'...Increase in stamp duty dun affect a purchaser's decision to buy, as developers are legally allowed to absorb them, it's a form of a discount in disguise.<br />What affects is the bank loan cap, now capped at 75%, meaning purchasers have to cough up 25% cash, this is the real damning effect. Not many people have $250,000 spare cash lying in bank Account to buy a $1m property. Even if they have, prefer to borrow or use it to invest in the stock market. Even in a bear market, some stocks are worth picking up, and cash comes in handy.<br />People wan to borrow as much as possible to buy, esp at such low interest rates.<br />Best strategy is to tan, dun wan to get caught in a negative equity trap, where sometimes take 8 to 10 years to break even on your investment, and property generally is illiquid.<br />yujuanhttps://www.blogger.com/profile/09726993183726863734noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-37531525815604341602013-01-16T00:54:22.614+08:002013-01-16T00:54:22.614+08:00Property market will surely burst. Is no longer a ...Property market will surely burst. Is no longer a question of if but a question of when.<br /><br />30% elderly sinkies in 2030. Importing & importing more adults to solve the low birth rate make the situation worse.<br /><br />When 30% elderly sell their housing to buy food & other necesscities in 2030, the 'dam will collapse'.<br /><br />It might burst even before 2030.Xianlonghttps://www.blogger.com/profile/18126812922321444916noreply@blogger.com