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 27 Apr 08 5:20 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | had gone for my 5th mth house viewing, most units around town area down 5-10% but place in east and north east and north about the same price.
So did'nt buy will go around and view some more  |
You shouldn't view anymore!! Your uncle asking followers to read his lips ... SELL SELL SELL ALL!!
Why you still looking into BUY!! You have doubt with your uncle CRASH Stories hah??
You also believe property is a good long term investment hah?? |
BIG TIME MISS THE BOAT, STILL SEARCHING FOR PROPERTY.....Singapore so small still take 5 LONG MONTHS for house viewing...... if ask them to go JB....BATAM.... will take them at least 5 years ...house viewing... |
5mth of playing with seller and agent, hey you don't get it is it?
I shopping not can not buy leh, got money but enjoy shopping for
best deal leh |
5-mth past.. which mean still can't get any good deal lah
Kena played by no hardup seller hah!! |
ALL BIG TIME FOLLOWER ARE SLOWER....still dreaming property price falling back to 1990 level..... don't waste yr time shoping from another 5 years.... singapore property price is out of reach for SLOWER.....  |
No problem as long as don't get stuck in your sinking boat ...just service your loan long long loh.....don't waste yr time another 5 years down the road you still cannot sell your condo |
I lagi no problem lah... my followers tenant are taking care of my loan long long...
As for you, as long as you can also tahan your rental long long.... don't waste time try for bargain hunting lah.... 5 years down the road you still cannot afford your low end condo at your dream price lah.. |
Whatever just stay in your High end condo lah...Million dollar pigeon ....still cannot sell right...just continue to pay loh.. |
Not selling lah.. so nice to stay in.. life is short.. $$ not an issue.. worth to pay lah!! |
True life is so short 30 years down the road still owe the bank .... |
Yeah 30 years later.. sell the house close to 1 million go back into my bank!!
So how about you? What do you get after spending $900k for 30 years of rental? Your landlord will give you a long rental service medal!! hahaha... |
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27 Apr 08 5:33 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | had gone for my 5th mth house viewing, most units around town area down 5-10% but place in east and north east and north about the same price.
So did'nt buy will go around and view some more |
You shouldn't view anymore!! Your uncle asking followers to read his lips ... SELL SELL SELL ALL!!
Why you still looking into BUY!! You have doubt with your uncle CRASH Stories hah??
You also believe property is a good long term investment hah?? |
BIG TIME MISS THE BOAT, STILL SEARCHING FOR PROPERTY.....Singapore so small still take 5 LONG MONTHS for house viewing...... if ask them to go JB....BATAM.... will take them at least 5 years ...house viewing... |
5mth of playing with seller and agent, hey you don't get it is it?
I shopping not can not buy leh, got money but enjoy shopping for
best deal leh |
5-mth past.. which mean still can't get any good deal lah
Kena played by no hardup seller hah!! |
ALL BIG TIME FOLLOWER ARE SLOWER....still dreaming property price falling back to 1990 level..... don't waste yr time shoping from another 5 years.... singapore property price is out of reach for SLOWER..... |
No problem as long as don't get stuck in your sinking boat ...just service your loan long long loh.....don't waste yr time another 5 years down the road you still cannot sell your condo |
I lagi no problem lah... my followers tenant are taking care of my loan long long...
As for you, as long as you can also tahan your rental long long.... don't waste time try for bargain hunting lah.... 5 years down the road you still cannot afford your low end condo at your dream price lah.. |
Whatever just stay in your High end condo lah...Million dollar pigeon ....still cannot sell right...just continue to pay loh.. |
Not selling lah.. so nice to stay in.. life is short.. $$ not an issue.. worth to pay lah!! |
True life is so short 30 years down the road still owe the bank .... |
Yeah 30 years later.. sell the house close to 1 million go back into my bank!!
So how about you? What do you get after spending $900k for 30 years of rental? Your landlord will give you a long rental service medal!! hahaha... |
Look around you lah....price reduced also no buyers...just sit one corner and pay the bank every month lah
Price Reduced!!! Costa Del Sol (From asking $1.8M to $1.65M) |
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27 Apr 08 5:43 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | had gone for my 5th mth house viewing, most units around town area down 5-10% but place in east and north east and north about the same price.
So did'nt buy will go around and view some more |
You shouldn't view anymore!! Your uncle asking followers to read his lips ... SELL SELL SELL ALL!!
Why you still looking into BUY!! You have doubt with your uncle CRASH Stories hah??
You also believe property is a good long term investment hah?? |
BIG TIME MISS THE BOAT, STILL SEARCHING FOR PROPERTY.....Singapore so small still take 5 LONG MONTHS for house viewing...... if ask them to go JB....BATAM.... will take them at least 5 years ...house viewing... |
5mth of playing with seller and agent, hey you don't get it is it?
I shopping not can not buy leh, got money but enjoy shopping for
best deal leh |
5-mth past.. which mean still can't get any good deal lah
Kena played by no hardup seller hah!! |
ALL BIG TIME FOLLOWER ARE SLOWER....still dreaming property price falling back to 1990 level..... don't waste yr time shoping from another 5 years.... singapore property price is out of reach for SLOWER..... |
No problem as long as don't get stuck in your sinking boat ...just service your loan long long loh.....don't waste yr time another 5 years down the road you still cannot sell your condo |
I lagi no problem lah... my followers tenant are taking care of my loan long long...
As for you, as long as you can also tahan your rental long long.... don't waste time try for bargain hunting lah.... 5 years down the road you still cannot afford your low end condo at your dream price lah.. |
Whatever just stay in your High end condo lah...Million dollar pigeon ....still cannot sell right...just continue to pay loh.. |
Not selling lah.. so nice to stay in.. life is short.. $$ not an issue.. worth to pay lah!! |
True life is so short 30 years down the road still owe the bank .... |
Yeah 30 years later.. sell the house close to 1 million go back into my bank!!
So how about you? What do you get after spending $900k for 30 years of rental? Your landlord will give you a long rental service medal!! hahaha... |
Look around you lah....price reduced also no buyers...just sit one corner and pay the bank every month lah
Price Reduced!!! Costa Del Sol (From asking $1.8M to $1.65M) |
Don't be kok lah... as usual use you divert attention tactic hah!
How many times must I told you I'm not selling as I prefer to service loan rather than pay rental lah... why you die die want me to sell hah!!
Answer to my point first leh... what you will get after spending $900k leh... your landlord will give you a long rental service medal or not!! $900k leh!! Not a small sum of money leh!! |
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27 Apr 08 6:11 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | had gone for my 5th mth house viewing, most units around town area down 5-10% but place in east and north east and north about the same price.
So did'nt buy will go around and view some more |
You shouldn't view anymore!! Your uncle asking followers to read his lips ... SELL SELL SELL ALL!!
Why you still looking into BUY!! You have doubt with your uncle CRASH Stories hah??
You also believe property is a good long term investment hah?? |
BIG TIME MISS THE BOAT, STILL SEARCHING FOR PROPERTY.....Singapore so small still take 5 LONG MONTHS for house viewing...... if ask them to go JB....BATAM.... will take them at least 5 years ...house viewing... |
5mth of playing with seller and agent, hey you don't get it is it?
I shopping not can not buy leh, got money but enjoy shopping for
best deal leh |
5-mth past.. which mean still can't get any good deal lah
Kena played by no hardup seller hah!! |
ALL BIG TIME FOLLOWER ARE SLOWER....still dreaming property price falling back to 1990 level..... don't waste yr time shoping from another 5 years.... singapore property price is out of reach for SLOWER..... |
No problem as long as don't get stuck in your sinking boat ...just service your loan long long loh.....don't waste yr time another 5 years down the road you still cannot sell your condo |
I lagi no problem lah... my followers tenant are taking care of my loan long long...
As for you, as long as you can also tahan your rental long long.... don't waste time try for bargain hunting lah.... 5 years down the road you still cannot afford your low end condo at your dream price lah.. |
Whatever just stay in your High end condo lah...Million dollar pigeon ....still cannot sell right...just continue to pay loh.. |
Not selling lah.. so nice to stay in.. life is short.. $$ not an issue.. worth to pay lah!! |
True life is so short 30 years down the road still owe the bank .... |
Yeah 30 years later.. sell the house close to 1 million go back into my bank!!
So how about you? What do you get after spending $900k for 30 years of rental? Your landlord will give you a long rental service medal!! hahaha... |
Look around you lah....price reduced also no buyers...just sit one corner and pay the bank every month lah
Price Reduced!!! Costa Del Sol (From asking $1.8M to $1.65M) |
Don't be kok lah... as usual use you divert attention tactic hah!
How many times must I told you I'm not selling as I prefer to service loan rather than pay rental lah... why you die die want me to sell hah!!
Answer to my point first leh... what you will get after spending $900k leh... your landlord will give you a long rental service medal or not!! $900k leh!! Not a small sum of money leh!! |
Nobody ask you to sell.....it's just you still cannot sell right ...sorry no takers |
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27 Apr 08 8:41 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | had gone for my 5th mth house viewing, most units around town area down 5-10% but place in east and north east and north about the same price.
So did'nt buy will go around and view some more |
You shouldn't view anymore!! Your uncle asking followers to read his lips ... SELL SELL SELL ALL!!
Why you still looking into BUY!! You have doubt with your uncle CRASH Stories hah??
You also believe property is a good long term investment hah?? |
BIG TIME MISS THE BOAT, STILL SEARCHING FOR PROPERTY.....Singapore so small still take 5 LONG MONTHS for house viewing...... if ask them to go JB....BATAM.... will take them at least 5 years ...house viewing... |
5mth of playing with seller and agent, hey you don't get it is it?
I shopping not can not buy leh, got money but enjoy shopping for
best deal leh |
5-mth past.. which mean still can't get any good deal lah
Kena played by no hardup seller hah!! |
ALL BIG TIME FOLLOWER ARE SLOWER....still dreaming property price falling back to 1990 level..... don't waste yr time shoping from another 5 years.... singapore property price is out of reach for SLOWER..... |
No problem as long as don't get stuck in your sinking boat ...just service your loan long long loh.....don't waste yr time another 5 years down the road you still cannot sell your condo |
I lagi no problem lah... my followers tenant are taking care of my loan long long...
As for you, as long as you can also tahan your rental long long.... don't waste time try for bargain hunting lah.... 5 years down the road you still cannot afford your low end condo at your dream price lah.. |
Whatever just stay in your High end condo lah...Million dollar pigeon ....still cannot sell right...just continue to pay loh.. |
Not selling lah.. so nice to stay in.. life is short.. $$ not an issue.. worth to pay lah!! |
True life is so short 30 years down the road still owe the bank .... |
Yeah 30 years later.. sell the house close to 1 million go back into my bank!!
So how about you? What do you get after spending $900k for 30 years of rental? Your landlord will give you a long rental service medal!! hahaha... |
Look around you lah....price reduced also no buyers...just sit one corner and pay the bank every month lah
Price Reduced!!! Costa Del Sol (From asking $1.8M to $1.65M) |
Don't be kok lah... as usual use you divert attention tactic hah!
How many times must I told you I'm not selling as I prefer to service loan rather than pay rental lah... why you die die want me to sell hah!!
Answer to my point first leh... what you will get after spending $900k leh... your landlord will give you a long rental service medal or not!! $900k leh!! Not a small sum of money leh!! |
Nobody ask you to sell.....it's just you still cannot sell right ...sorry no takers |
Even got takers, I also not selling leh...
So how about you? Do you have a condo unit willing to sell? I want to buy one more leh.. low end condo also ok to me lah!!
How.. have or not!! Let me tell you first.. I don't want HDB hah.. |
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28 Apr 08 11:42 am |
Well...I would wait at least another 6 months to a year.
We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.
Rationale was simple and not rocket science.
#1. There was no demand for housing when the boom started.
The vacancy rates on existing housing were above New York, London, Hong Kong, Tokyo and other major urban market levels. A Singapore property boom made no sense at all.
#2. Singapore GDP...nice impressive numbers. But the growth was 99% construction related. There is no economic growth when the construction boom ends and those numbers are subtracted from the total.
#3. The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market.
#4. Value for money on Singapore property for foreign investors is not good when compared to other projected growth economies. (several factors are weighed including psf, quality of workmanship, size of economy, projected growth of economy, lifestyle and culture of the market.)
#4. The targeted future population numbers of Singapore are pie in the sky and completely without substance. Singaporeans are not having kids and the demand for jobs in Singapore will be service led lower paying jobs to supply the planned tourism developments. Non of these new inhabitants will be buying or renting condo's, especially in the high-end. And tourists visit, they don't buy or rent.
#5. Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities.
#6. There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market. This leads to investors belief in hype and speculation rather than economic principles.
#7. Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy.
We expect distress sales in the property market to start soon. The high-end rental market is non-existent and the higher % of all unit sales were high-end investment property, speculator driven.
These buyers need "wealthy" renters to subsidize the million dollar mortgages. Most locals cannot afford the rents the market is demanding.
Surveys of multinational companies and banks have indicated that there is no boat-load of expats with a big housing allowance arriving at the Singapore port anytime soon. The new owner is now stuck with 100% of a very expensive monthly mortgage.
Here is an example of one major high-end development I'm following to prove the point. These are some very telling numbers.
600+ units launched
20+ remaining at $2,000 per square foot via the developer.
100+ units previously sold are now for sale privately less than 7 months after launch for $1,300 to $1,600 per square foot.
The reason...no rental income.
That tells me that property owners are willing to admit that market prices are down 25%+ already. Unfortunately, even at a 25% discount, there are no buyers.
Existing Singapore residents are keeping the rental market buoyant due to the fact they sold their old places and are waiting for the prices to drop...OR...waiting for their new unit to be completed. These people are relatively small in overall numbers and definitely not going to rent high end luxury units. They are driving HDB, middle priced housing rents up right now. They are also demanding 12 month leases or even less if they can get it proving that they are waiting to move or sitting on the sidelines waiting for prices to drop.
The Singapore property market is massively oversupplied today and more units are on the way. This is not good. This is should be extremely troublesome to anyone who owns property anywhere in that market. The potential valuation losses in the property market could be enormous, especially at the high-end. Overall prices could sink well below SARS levels and this could happen within 6 months to a year.
The short lived property boom was very much like a pyramid scheme.
It was all hype and no substance.
The first guys in are now smoking big cigars.
The last guys in are now left holding the ashtray. |
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28 Apr 08 12:14 pm |
| Please lock this topic! |
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28 Apr 08 12:14 pm |
| Anonymous wrote: | | Please lock this topic! |
Yeah it is a lie that prices are increasing! |
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Guest
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28 Apr 08 12:58 pm |
| Anonymous wrote: | Well...I would wait at least another 6 months to a year.
We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.
Rationale was simple and not rocket science.
#1. There was no demand for housing when the boom started.
The vacancy rates on existing housing were above New York, London, Hong Kong, Tokyo and other major urban market levels. A Singapore property boom made no sense at all.
#2. Singapore GDP...nice impressive numbers. But the growth was 99% construction related. There is no economic growth when the construction boom ends and those numbers are subtracted from the total.
#3. The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market.
#4. Value for money on Singapore property for foreign investors is not good when compared to other projected growth economies. (several factors are weighed including psf, quality of workmanship, size of economy, projected growth of economy, lifestyle and culture of the market.)
#4. The targeted future population numbers of Singapore are pie in the sky and completely without substance. Singaporeans are not having kids and the demand for jobs in Singapore will be service led lower paying jobs to supply the planned tourism developments. Non of these new inhabitants will be buying or renting condo's, especially in the high-end. And tourists visit, they don't buy or rent.
#5. Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities.
#6. There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market. This leads to investors belief in hype and speculation rather than economic principles.
#7. Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy.
We expect distress sales in the property market to start soon. The high-end rental market is non-existent and the higher % of all unit sales were high-end investment property, speculator driven.
These buyers need "wealthy" renters to subsidize the million dollar mortgages. Most locals cannot afford the rents the market is demanding.
Surveys of multinational companies and banks have indicated that there is no boat-load of expats with a big housing allowance arriving at the Singapore port anytime soon. The new owner is now stuck with 100% of a very expensive monthly mortgage.
Here is an example of one major high-end development I'm following to prove the point. These are some very telling numbers.
600+ units launched
20+ remaining at $2,000 per square foot via the developer.
100+ units previously sold are now for sale privately less than 7 months after launch for $1,300 to $1,600 per square foot.
The reason...no rental income.
That tells me that property owners are willing to admit that market prices are down 25%+ already. Unfortunately, even at a 25% discount, there are no buyers.
Existing Singapore residents are keeping the rental market buoyant due to the fact they sold their old places and are waiting for the prices to drop...OR...waiting for their new unit to be completed. These people are relatively small in overall numbers and definitely not going to rent high end luxury units. They are driving HDB, middle priced housing rents up right now. They are also demanding 12 month leases or even less if they can get it proving that they are waiting to move or sitting on the sidelines waiting for prices to drop.
The Singapore property market is massively oversupplied today and more units are on the way. This is not good. This is should be extremely troublesome to anyone who owns property anywhere in that market. The potential valuation losses in the property market could be enormous, especially at the high-end. Overall prices could sink well below SARS levels and this could happen within 6 months to a year.
The short lived property boom was very much like a pyramid scheme.
It was all hype and no substance.
The first guys in are now smoking big cigars.
The last guys in are now left holding the ashtray. |
so well written
how come u dun sent it to straits time and ask them to publish?
or inside got some loops holes
if u want to let ppl know
then u should let the entire nation see right? how come u only
post it here? |
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28 Apr 08 1:06 pm |
| Anonymous wrote: | | Anonymous wrote: | | Please lock this topic! |
Yeah it is a lie that prices are increasing! |
Price is increasing  .....Dumb Ass |
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Guest
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28 Apr 08 1:14 pm |
| Anonymous wrote: | Well...I would wait at least another 6 months to a year.
We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.
Rationale was simple and not rocket science.
..........
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Your story is too long to ready... but after read the first paragraph... I already no interest to read on... cos you are damn bloody BULLSHIT
You predicted 15% drop in price in the Q1... but actually was a 3.7% increase in the Q1...
You somemore trying to make a fool of yourself by further predict a 25% drop in the Q2...
Your prediction is totally CMI leh... |
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Guest
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28 Apr 08 1:19 pm |
| Anonymous wrote: | Well...I would wait at least another 6 months to a year.
We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.
Rationale was simple and not rocket science.
#1. There was no demand for housing when the boom started.
The vacancy rates on existing housing were above New York, London, Hong Kong, Tokyo and other major urban market levels. A Singapore property boom made no sense at all.
#2. Singapore GDP...nice impressive numbers. But the growth was 99% construction related. There is no economic growth when the construction boom ends and those numbers are subtracted from the total.
#3. The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market.
#4. Value for money on Singapore property for foreign investors is not good when compared to other projected growth economies. (several factors are weighed including psf, quality of workmanship, size of economy, projected growth of economy, lifestyle and culture of the market.)
#4. The targeted future population numbers of Singapore are pie in the sky and completely without substance. Singaporeans are not having kids and the demand for jobs in Singapore will be service led lower paying jobs to supply the planned tourism developments. Non of these new inhabitants will be buying or renting condo's, especially in the high-end. And tourists visit, they don't buy or rent.
#5. Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities.
#6. There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market. This leads to investors belief in hype and speculation rather than economic principles.
#7. Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy.
We expect distress sales in the property market to start soon. The high-end rental market is non-existent and the higher % of all unit sales were high-end investment property, speculator driven.
These buyers need "wealthy" renters to subsidize the million dollar mortgages. Most locals cannot afford the rents the market is demanding.
Surveys of multinational companies and banks have indicated that there is no boat-load of expats with a big housing allowance arriving at the Singapore port anytime soon. The new owner is now stuck with 100% of a very expensive monthly mortgage.
Here is an example of one major high-end development I'm following to prove the point. These are some very telling numbers.
600+ units launched
20+ remaining at $2,000 per square foot via the developer.
100+ units previously sold are now for sale privately less than 7 months after launch for $1,300 to $1,600 per square foot.
The reason...no rental income.
That tells me that property owners are willing to admit that market prices are down 25%+ already. Unfortunately, even at a 25% discount, there are no buyers.
Existing Singapore residents are keeping the rental market buoyant due to the fact they sold their old places and are waiting for the prices to drop...OR...waiting for their new unit to be completed. These people are relatively small in overall numbers and definitely not going to rent high end luxury units. They are driving HDB, middle priced housing rents up right now. They are also demanding 12 month leases or even less if they can get it proving that they are waiting to move or sitting on the sidelines waiting for prices to drop.
The Singapore property market is massively oversupplied today and more units are on the way. This is not good. This is should be extremely troublesome to anyone who owns property anywhere in that market. The potential valuation losses in the property market could be enormous, especially at the high-end. Overall prices could sink well below SARS levels and this could happen within 6 months to a year.
The short lived property boom was very much like a pyramid scheme.
It was all hype and no substance.
The first guys in are now smoking big cigars.
The last guys in are now left holding the ashtray. |
To make things worst inflation at 26-year highs, even tenant moving out from their condo when the lease expired....owners now have to struggle to meet their monthly repayment....What to do life is not always rosy...just service your loan long long loh |
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28 Apr 08 5:55 pm |
| i noticed that HDB transacted prices went up in recent months in established towns like Clementi. a 3rm HDB costs around 280K and a 4rm around 400K. |
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28 Apr 08 7:08 pm |
VERY INTERESTING DISCUSSION. FIRST OF ALL LET ME SAY THAT I AM NOT IN EITHER CAMP. I MYSELF OWN TWO PROPERTIES, BUT AM A LONG-TERM INVESTOR . IF YOU THINK RATIONALLY AND LOOK AT OTHER COUNTRIES, PROPERTY MKT IS ALSO CYCLICAL LIKE OTHER MKTS. AND YOU WILL FIND THAT THEY ARE ACTUALLY AT THE LOWEST WHEN INTEREST RATES ARE THE LOWEST ! PROBABLY DUE TO RECESSIONARY ENVIRONMENT.
LAST YEAR'S RUN-UP WAS TO SAY THE LEAST TOO FAST AND FURIOUS AND HENCE A CORRECTION WAS EXPECTED. IT COULD BE LITTLE HIGHER THAN NORMAL DUE TO THE SUDDEN DETERIORATION IN THE EXTERNAL ENVIRONMENT. SO WHILE PRICES HAVE TRIPLED IN LAST 3 YEARS, A 25-30% COORECTION FROM THE HIGHS IS POSSIBLE . THIS HAS ALREADY STARTED AND MIGHT TAKE MAYBE 2 YEARS FOR THE CORRECTION TO COMPLETE. THIS WOULD STILL MEAN 100% RISE IN THE LAST 3 YEARS AND AROUND 7-10% GROWTH IF YOU AVERAGE OVER LAST 10 YEARS. THIS IS THE MEAN GROWTH ONE SHOULD EXPECT IN THE LONG TERM IN A COUNTRY WITH AVG INFLATION <3%. IF YOU ADD THE RENTAL INCOME, A PROPERTY INVESTOR CAN GET 10-15% AVG RETURNS PER ANNUM, A DECENT ONE BY ANY COUNT.
THE ONLY PEOPLE WHO SHOULD BE WORRIED ARE SPECULATORS WHO HAVE BOUGHT MULTIPLE PROPERTIES LAST YEAR AND DO NOT HAVE THE ABILITY TO SERVICE THE INTEREST. THEIR EXIT WILL CREATE PROBABLY A SHARP DROP INITIALLY BEFORE THE MKT STABILISES AT LOWER LEVELS. SMART SPECULATORS SEEM TO HAVE ALREADY MADE THEIR MONEY AND GOT OUT AROUND JUNE-AUG LAST YEAR AND THE LATER BUYERS TEND TO HAVE WEAKER HOLDING POWER. |
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28 Apr 08 7:11 pm |
| Check out Cosmopolitan..launched at 1250psf, dealt as high as 2150, now seller at 1600psf !! Atleast 150 out of the 275 units are up for sale apparently. No surprise if price comes back to 1250..watch out ! Same story everywhere. This could be a meltdown. |
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28 Apr 08 8:53 pm |
[quote="Anonymous"]Check out Cosmopolitan..launched at 1250psf, dealt as high as 2150, now seller at 1600psf !! Atleast 150 out of the 275 units are up for sale apparently. No surprise if price comes back to 1250..watch out ! Same story everywhere. This could be a meltdown.[/quote]
So if it return to 1250 is a meltdown, does it mean the initial launched price 1250 is a meltdown price?
But I actually I know that is your "missed the boat" wish! |
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28 Apr 08 8:56 pm |
| Anonymous wrote: | VERY INTERESTING DISCUSSION. FIRST OF ALL LET ME SAY THAT I AM NOT IN EITHER CAMP. I MYSELF OWN TWO PROPERTIES, BUT AM A LONG-TERM INVESTOR . IF YOU THINK RATIONALLY AND LOOK AT OTHER COUNTRIES, PROPERTY MKT IS ALSO CYCLICAL LIKE OTHER MKTS. AND YOU WILL FIND THAT THEY ARE ACTUALLY AT THE LOWEST WHEN INTEREST RATES ARE THE LOWEST ! PROBABLY DUE TO RECESSIONARY ENVIRONMENT.
LAST YEAR'S RUN-UP WAS TO SAY THE LEAST TOO FAST AND FURIOUS AND HENCE A CORRECTION WAS EXPECTED. IT COULD BE LITTLE HIGHER THAN NORMAL DUE TO THE SUDDEN DETERIORATION IN THE EXTERNAL ENVIRONMENT. SO WHILE PRICES HAVE TRIPLED IN LAST 3 YEARS, A 25-30% COORECTION FROM THE HIGHS IS POSSIBLE . THIS HAS ALREADY STARTED AND MIGHT TAKE MAYBE 2 YEARS FOR THE CORRECTION TO COMPLETE. THIS WOULD STILL MEAN 100% RISE IN THE LAST 3 YEARS AND AROUND 7-10% GROWTH IF YOU AVERAGE OVER LAST 10 YEARS. THIS IS THE MEAN GROWTH ONE SHOULD EXPECT IN THE LONG TERM IN A COUNTRY WITH AVG INFLATION <3%. IF YOU ADD THE RENTAL INCOME, A PROPERTY INVESTOR CAN GET 10-15% AVG RETURNS PER ANNUM, A DECENT ONE BY ANY COUNT.
THE ONLY PEOPLE WHO SHOULD BE WORRIED ARE SPECULATORS WHO HAVE BOUGHT MULTIPLE PROPERTIES LAST YEAR AND DO NOT HAVE THE ABILITY TO SERVICE THE INTEREST. THEIR EXIT WILL CREATE PROBABLY A SHARP DROP INITIALLY BEFORE THE MKT STABILISES AT LOWER LEVELS. SMART SPECULATORS SEEM TO HAVE ALREADY MADE THEIR MONEY AND GOT OUT AROUND JUNE-AUG LAST YEAR AND THE LATER BUYERS TEND TO HAVE WEAKER HOLDING POWER. |
Agree, I share the same view with you ... |
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28 Apr 08 11:21 pm |
| Anonymous wrote: | | Please lock this topic! |
why u too hot after reading that property price are still increasing even US recession..... cannot afford to buy.....just stay away... property investment are big and long term investment..... not suitable for small flyer....  |
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28 Apr 08 11:57 pm |
Buffett says recession may be worse than feared
Monday April 28, 11:09 am ET
By Jonathan Stempel
NEW YORK (Reuters) - Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect.
Buffett made his comments on CNBC television after his Berkshire Hathaway Inc (NYSE:BRK-A - News; NYSE:BRK-B - News) agreed to invest $6.5 billion in the takeover of chewing gum maker Wm Wrigley Jr Co (NYSE:WWY - News) by Mars Inc in a $23 billion transaction.
"This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think," Buffett said. "This will not be short and shallow.
"I think consumers are feeling gas and food prices," he added, "and not feeling they've got a lot of money for other things."
He was not immediately available for further comment. Known for his frugality, the 77-year-old Buffett has lived in the same 10-room Omaha, Nebraska, house for a half-century, despite being worth an estimated $62 billion.
On Wednesday, the U.S. Commerce Department is expected to say how fast the economy grew in the first quarter. Economists on average have projected that gross domestic product grew at an annualized 0.2 percent rate in the quarter.
Two quarters of declining GDP is a traditional indicator of recession. That last happened in 2001. Economists expect the U.S. Federal Reserve on Wednesday to cut a key lending rate for a seventh time beginning last September.
Berkshire is a $197 billion conglomerate best known for its insurance holdings, such as auto insurer Geico Corp, but it owns more than 70 businesses.
Many of those businesses are tied to the housing market, including Acme Brick Co, insulation maker Johns Manville, and the real estate brokerage HomeServices of America Inc.
Others depend on consumers to spend more on discretionary items, such as Ben Bridge Jeweler and Borsheims Fine Jewelry.
"In the retail businesses ... if anything, they've gotten a little worse," Buffett said. "Of course, things connected with housing, whether it's in brick or whether it's in carpet, those businesses have shown no uptick at all. Jewelry had a bad Christmas ... and it stayed that way."
Buffett sees no respite from the housing slump.
"I think this is going to be fairly long and fairly deep, but who knows," he said.
In March, Forbes magazine pegged Buffett's net worth at $62 billion, ahead of Mexican tycoon Carlos Slim's $60 billion and Microsoft Corp (NasdaqGS:MSFT - News) Chairman Bill Gates's $58 billion. Gates is a friend of Buffett and a Berkshire director. |
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