The tricky part about Singapore's residential market is its dynamism: cooling measures can appear overnight, and the supply of housing is subject to five-year feast-and-famine cycles.
Then in 2013, the ABSD increased to 10 per cent. And in June of the same year, they also passed the TDSR framework. I could sense where the wind was blowing, so I just gave up and bought. In the end, I got a unit that I didn't like as much, and I paid seven per cent ABSD for no reason." "The condo was about five minutes' walk from my office, and only one train stop from my in-laws' place. It was perfect for us. But the buyer was motivated, and we would have seen a good return, even after the seller's duty.
Dom says that, in hindsight, he may not have been mentally ready to buy the unit. He says he had been "wavering due to some cognitive dissonance after buying," which made him much more receptive to the sub sale offer.SJ says he was enthusiastic about property investment from a young age, and even enjoyed visiting show flats in his 20's. As such, he was too eager to quickly build a property portfolio.