Today newspaper just released an article and a prediction that the Gov may lift ABSD this year. See below for the read up.
http://m.todayonline.com/business/kwek-predicts-govt-will-lift-absd-year
The fact is I don't even bother because property is usually a longer view investment as compared to stocks and it required a lump sum of cash for the down payment as opposed to stocks where one may need only like $3000 to start with. Property also usually take years to appreciate it's value and it takes a good year for that frenzy buying to sky rocket property prices. That itself I am lacking of patience to do so. And if one were to buy a new property or a resale unit, she cannot sell for the first 5 years as the tax and penalty itself will erode any profits you make in your first property. With so many restrictions, I still prefer the liquidity in stock market as one can make $$ almost everyday.
The reason I shop for property is because I need a place now and I am looking for value, firesales unit that can appreciate high in the next 5 years. I will choose some good leader aka blue chips property to keep but still my main rice bowl is in stocks which allows me to fly faster. It's hard to flip properties now in Singapore, I have found my own way of doing so in stocks. For those who are interested in properties and stocks and wants to come listen to me, you are free to do so.
picture source: todayonline
Ronald K - A Game Changer
