#11: Is IRAS clamping down on the 99-1 ABSD Loophole?

The NOTG team Addresses some concerning news about 99-1 ABSD “loophole”, as well as foreigners seemingly undeterred by the ABSD and setting up family offices in Singapore. Joining Melvin Lim, Yu Rong and Grayce with some inputs today is Jun Wei, one of our Associate Listing Managers!

Understandably so, many are worried for the next generation and whether they will be able to afford public housing. Will there be further divergence from the different property types with the introduction of new cooling measures? Timing the market could mean getting priced out from waiting? Find out our takes on all this and more, on this week’s Nuggets On The Go!

(00:00:00) Introduction
(00:02:57) '99-to-1' loophole
(00:05:58) Thoughts about the latest news of '99-to-1' property deals
(00:12:17) High-net-worth foreigners setting up family offices in Singapore
(00:13:49) Why do high-net-worth foreigners setting up family offices in Singapore?
(00:16:15) Soft to Hard to Harder Asset (High-net-worth foreigners)
(00:18:22) Thoughts about high-net-worth foreigners parking their wealth in Singapore
(00:20:07) What is the next move for the high-net-worth foreigners in Singapore?
(00:23:54) Will the HDB prices plateau?
(00:29:51) Will there be a detachment in pricing of other property types from HDBs? (part 1)
(00:32:56) How much will you profit of when the upcoming BTOs when it MOP
(00:45:01) Is there an undersupply of private properties?
(00:46:48) Is it going to be harder to upgrade to private properties in the future?
(00:57:18) Will there be a detachment in pricing of other property types from HDBs? (part 2)
(00:58:39) Transactions by Purchaser's Residential Status from 2018 to 2022
(00:59:42) BTO vs Resale (For young couples what is the fastest route to accumulate downpayment?)
(01:07:24) BTO vs Resale (Producers thoughts)
(01:13:48) Behaviour of Average Gain of New launch, Resale and TOP properties
(01:15:59) What is 26 to 40?
(01:16:49) PSF Chart for Sims Urban Oasis, Clement Canopy and Botanique at Bartley
(01:21:35) When should you sell? (Botanique at Bartley)
(01:24:28) Ki Residences price before and after MRT Station was announced
(01:33:23) Conclusion

Watch the video on our NOTG YouTube Channel:
https://youtu.be/bGt54-KYJA4