Property cooling measures

7 percent ABSD on Singaporean buying second property

5 percent levy on PR buying first property

15 percent ABSD for all purchases by foreigners

Total debt servicing ratio to be 60 percent of gross monthly income.

A systemic downward spiral is unlikely, unless a large number of buyers cannot afford to repay their mortgages when rental values plummet.

By Cheryl Ong

Property investment

1.Prepare a worksheet. Showing current net worth and projected income in the future. 

2. Calculate cash flow and also projected cash flow

3. What is my current residue income.

4. balance sheet & profit and loss.

5. Read books about personal financial planning- retirement

6. Read about interest only loan.

7. Understand capital growth and rental yield.

8. How to identify a good property

9. How property investment would affect my cash flow.