CDL, UOL Could Be Most Adversely Affected By New Property Cooling Measures Among Developers: CGS-CIMB

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CDL, UOL Could Be Most Adversely Affected By New Property Cooling Measures Among Developers: CGS-CIMB

The Edge Singapore2023-04-27

CGS-CIMB Research is currently reviewing its “overweight” recommendation on the property sector, following new cooling measures introduced by the government.Although developers are trading at ...

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666huat666
·2023-04-27
Thats a good things to cool down Singapore hot booming property market to healthy level ..👍
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HLPA
·2023-04-27
I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t
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- Meow3:
  The cooling measures will trim investment demand
  2023-04-28
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- henghm:
  like
  2023-04-28
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- JohnnyYoung:
  Let’s just be patient and wait!
  2023-04-28
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Sharkie
·2023-04-27
How much does the new cooling measure affects the banks ?
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icycrystal
·2023-04-27
Thanks for sharing
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Elly cat
·2023-04-27
Great ariticle, would you like to share it?
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CDL, on the other hand, still has Newport Residences and The Myst with a total of 654 units, in addition to the recent launch of Tembusu Grand.Property brokers such as PropNex and APAC Realty are also likely to be adversely impacted by the expected slowdown in demand, says Lock.She cites CapitaLand Investment as her top pick in the sector, believing that it would be the least impacted as the company does not have any residential development exposure.With effect from Apr 27, Singapore citizens purchasing their second property will have to pay higher Additional Buyer’s Stamp Duty (ABSD) of 20% while the following properties they acquired will be subjected to 30% ABSD.Singapore permanent residents will see the rate increase to 30% and 35% respectively for second and subsequent properties. 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Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t","listText":"I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t","text":"I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t","images":[],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":42,"commentSize":6,"repostSize":3,"link":"https://ttm.financial/post/9947369940","repostId":1155433074,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106338810,"gmtCreate":1682672694327,"gmtModify":1682672707603,"authorId":3586923187153169,"author":{"id":3586923187153169,"idStr":"3586923187153169","authorId":3586923187153169,"name":"Meow3","avatar":"https://community-static.tradeup.com/news/4b6434153871996c4fd242c4ebc7128a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","exceedPercentage":"93.83%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">The cooling measures will trim investment demand<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">The cooling measures will trim investment demand<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">The cooling measures will trim investment demand<span class=\"Apple-converted-space\"> </span></span>"},{"id":106337878,"gmtCreate":1682639747068,"gmtModify":1682639753851,"authorId":3578451349447391,"author":{"id":3578451349447391,"idStr":"3578451349447391","authorId":3578451349447391,"name":"henghm","avatar":"https://static.tigerbbs.com/ca41bf4eae57d98d93422d97c7246c98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"like","text":"like","html":"like"},{"id":106337603,"gmtCreate":1682628817471,"gmtModify":1682628820921,"authorId":9000000000000169,"author":{"id":9000000000000169,"idStr":"9000000000000169","authorId":9000000000000169,"name":"JohnnyYoung","avatar":"https://static.tigerbbs.com/df6a0fed4b2624034014be633476534a","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"<p>Let’s just be patient and wait!</p>","text":"<p>Let’s just be patient and wait!</p>","html":"<p>Let’s just be patient and wait!</p>"},{"id":106337563,"gmtCreate":1682616336267,"gmtModify":1682616342782,"authorId":9000000000000168,"author":{"id":9000000000000168,"idStr":"9000000000000168","authorId":9000000000000168,"name":"ChrisColeman","avatar":"https://static.tigerbbs.com/9c61226b13dc84ab3139a9fa00b20782","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"<p>Jeez shorts, poor effort on your part! Do or at least say something to help your case! This is pathetic!</p>","text":"<p>Jeez shorts, poor effort on your part! Do or at least say something to help your case! This is pathetic!</p>","html":"<p>Jeez shorts, poor effort on your part! Do or at least say something to help your case! This is pathetic!</p>"},{"id":106337326,"gmtCreate":1682606825132,"gmtModify":1682606831539,"authorId":3583137839879179,"author":{"id":3583137839879179,"idStr":"3583137839879179","authorId":3583137839879179,"name":"lyj1999","avatar":"https://static.tigerbbs.com/5d7368738bf169cbe1003cad31acb204","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":106337025,"prevId":0,"content":"<u>oo</u>","text":"<u>oo</u>","html":"<u>oo</u>"}],"langContent":"EN"},{"id":9947360189,"gmtCreate":1682579236041,"gmtModify":1682579239820,"author":{"id":"3570070988174561","authorId":"3570070988174561","name":"Sharkie","avatar":"https://static.tigerbbs.com/631c9e9d4680a952704a2d3eef7bfbc8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570070988174561","authorIdStr":"3570070988174561"},"htmlText":"How much does the new cooling measure affects the banks ?&nbsp;","listText":"How much does the new cooling measure affects the banks ?&nbsp;","text":"How much does the new cooling measure affects the banks ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947360189","repostId":1155433074,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947360061,"gmtCreate":1682579064353,"gmtModify":1682579068557,"author":{"id":"4132300740238052","authorId":"4132300740238052","name":"icycrystal","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4132300740238052","authorIdStr":"4132300740238052"},"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947360061","repostId":1155433074,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947384552,"gmtCreate":1682577939477,"gmtModify":1682577943617,"author":{"id":"4144502430193092","authorId":"4144502430193092","name":"Elly cat","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":0,"idStr":"4144502430193092","authorIdStr":"4144502430193092"},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947384552","repostId":1155433074,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":5,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}