Year of Change?
Will this year be a Year of Change for me?
Well... last year I hoped to change a job, be a father and get a condo... nothing was realised.
Will I have better luck this year?
Recently my company had an internal job opening for Sales, I tried but did not get the job.
This probably prompted me again to look for opportunity elsewhere. Seem like I have been on the hunt for nearly 2 years...
The government had also introduced the 4th property cooling measures in 2 years on 14thJan 2011. The previous measures were just implemented on 30Aug 2010. These new rules are to further curb speculations on the property. In a way the new measures may help me a bit since I am not very affected by them. So... does that mean I can get my targeted condo at lesser price?! We shall see...
New property measures...
- Seller Stamp Duty (SSD)
- Year 1 : Changed from 3% of purchase price --> 16%
- Year 2 : Changed from 2% of purchase price --> 12%
- Year 3 : Changed from 1% of purchase price --> 8%
- Year 4 : Changed from 0% of purchase price --> 4%
- Loan-to-Valuation(LTV) for >2nd house with outstanding loans
- At least 30% upfront and 70% loan --> 40% upfront and 60% loan
New job, new home, new dad??!? Hmmm... Hopefully...
