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DETERRED BY THE LATEST ROUND OF COOLING MEASURES?

Posted by alvintay on October 1, 2018
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Like it or not, THE 12TH COOLING MEASURES was introduced on 5th July 2018. This include higher ABSD and tighter Loan-to-Value.

THE QUESTION IS SHOULD WE START TO ACTION NOW OR ADAPT THE WAIT AND SEE APPROACH?

ABSD Rate

QUESTION SHOULD I BUY NOW OR WAIT AND SEE

Let’s take a look at all the measures. It was introduced way back in Feb 2010 until the recent 12TH COOLING MEASURES which was introduced on 5th July 2018. If you analyst the graph below, every cooling measure is to ensure a more sustainable property market in Singapore. Initially, Price will drop and slowly increase after each cooling measure introduced!

Cooling Measure

What it meant to you?

1.With the cooling measure introduced, at the initial stage, property price will drop.  This is a window of opportunity (approx 6-12 mths) where you could get better property deals! (Several ongoing developments is slashing price up to 10% or $1xxk Saving)

2. Being the first time buyer as you are not REALLY PENALIZED BY THE MEASURE! (Including those doing decouple!)

3. You know property price will go up eventually! Tap into the recent measure to your advantages. (buy low sell high in future)

WHAT HAPPEN AFTER COOLING MEASURE ANNOUNCED?

Buyers snap up over 1000 units

3 developments namely, Park Colonial, Stirling Residences and Riverfront Residences launched at the same day after the cooling measure introduced!

More than 1,000 units were sold at three projects in just a few hours on Thursday night in a remarkable buying frenzy triggered by the imminent imposition of tough new cooling measures.

Existing new developments launched at crazy low pricing! This include the followings:

A4 Mayfair

GRAB YOUR WINDOW OF OPPORTUNITY

HOW DO I GRAB THIS WINDOW OF OPPORTUNITY BEFORE PRICE SHOOT UP!

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As an Home Hunter who is on the “wait-and-see” mode, NOW is the best opportunity to upgrade to your Executive condominium or private properties. As I mentioned this window of opportunity are a mere 6-12months period, which you miss it, property price are going upwards which means getting your DREAM HOME WOULD BE UNACHIEVEABLE~~~ if YOU DON’T ACT NOW!

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