Price increasing for singapore property !

Guest · on *02 May 08 4:13 pm*

From early 80s EVERY time fed ends its cycle of rate cutting Singapore market starts to bull run. When market run, owners will offload and buyers entering market by then will get stuck. History always repeats itself. Don't want to miss the boat? start pressing those desperate sellers now.

John

Guest · on *02 May 08 6:30 pm*

someone saves me! i dont want to drive taxi!

Guest · on *02 May 08 8:20 pm*

Guest · on *02 May 08 9:14 pm*

i used to pay for a new bmw with cash until i bought a condo in dec 2007

Guest · on *04 May 08 12:12 am*

Guest · on *04 May 08 2:20 am*

Guest · on *04 May 08 6:55 am*

Guest · on *04 May 08 7:57 am*

even if you buy at 50% cheaper is no guarantee that you could make capital gains from property.

Guest · on *04 May 08 9:23 am*

http://cosmos.bcst.yahoo.com/ver/251.7/popup/index.php?cl=6152237

Guest · on *04 May 08 10:58 am*

Those who cursed and swear about property..hoping to see prices falling are belonging to the miss the boat followers and having a poor man's mentality...

The end result for ppl in such group is they will remain forever poor and at most retire with a pathetic HDB flat.

There is a such thing call average income earners...In this practical world, either u r rich or poor.

Most ppl say they r average to make themselves feel better in this society..pathetic...

Guest · on *04 May 08 11:08 am*

Guest · on *04 May 08 11:09 am*

Re-Cap

1) Supply is Increasing Rapidly
If you wait, chances are you'll be spoilt for choices.
According to URA's data, there'll some 65400 homes up for sales + GLS (Government Land Sales) for Q1 2008, 8250 units (for details, refer to http://www.mnd.gov.sg/newsroom/newsreleases/2007/news061207.htm) + some more GLS Q2? Q3?? Add that to HDB's Ponggol 21 plus, Dawson Estate and the many design and build flats that will give private condo a run for its money; and you'll see the reason to wait. What about those enbloc sales which will come back in manifolds their orginal number. To give you some sense of the quantum, I've seen site which used to be just a bungalow turning into a 30 storey high building with some 50 units. Also, look at the land sale after land sale that have come on stream. Why should 10 people rush for 1 flat when there are so many coming. Buying property is a long term commitment and it's definitely worth waiting for even it means a few years.

PRIVATE RESIDENTIAL UNITS IN THE PIPELINE EXPECTED TO BE COMPLETED FROM THE FOURTH QUARTER OF 2007

Period Total (units)
4Q2007 2,868
2008 5,541
2009 14,706
2010 21,369
2011 20,922
Total 65,406

2) Global Outlook Uncertain
Despite the recent drop in Fed rates, US subprime problem which has now spreaded to Europe, will continue to loom in the years ahead. The uncertain outlook is clearly spelt out in the roller coastal stock market. Oil prices are climbing to a level that warrants concern too. Then, there is the terrorist threat that is never going away... If you buy at a very high price with a huge mortgage, you may not be able to hold through any such disaster.

Gobal outlook is clearly more uncertain now that I first raised the concern.

Inflation is going to be more acutely felt this year. This is going to be a very risky time to make a huge financial commitment. Some people are beginning to sell the idea of a low mortgage rate but this is very short-sighted.

3) Asking Prices Near 1996's Peak
Many sellers are now asking prices near the 1996's peak and even, beyond. At such prices, any rational person will see that there is little upside left. For sure, property price won't go up forever and you may just be the last one holding the hot potatoe.

Note: Current asking price of developers have mostly surpassed 1996's peak.

4) Capital Appreciation Limted
If you are looking for capital appreciation, calculate your odds against the impending supply and bear in mind that more than 90% of Singaporeans already own their homes and are in no urgency to buy if prices are not right.(If there's a genuine urgent housing need, how come the market was so quiet just about a year ago? In fact, notice that the graph above was flat from 2002 to 2006.) Furthermore, Singapore is a mature economy and property value cannot be expected to rise like before.

5) Rental Yield Limited
Even at today's peak rental, yield is just about 4-5%. In the long run, increasing supply and the government's concern over losing competitiveness will most certainly put a downward pressure on it.

The optimists may argue that with the completion of the IR, our expat population is set to grow and hence, rental yield. Take a closer look at this argument. Firstly, our expat population is still largely from the third world countries and generally cannot afford the high rental that landlords are looking for to justify their property investment. Secondly, while the IR may create a good number of jobs, they are not going to be high paying for most.

6) Market Correction Imminent
There are some signs that a market correction is imminent. The first sign being the dwindling transaction volume. En bloc sales in particular have dwindled into a streak. OCBC Investment Research analyst Winston Liew said,'A correction is going to take place.' Asking prices, which went up by the hundred thousands in the last few months, have either stayed put or showed sign of waning. New launches especially the smaller ones are seeing much slower take up. It seems that all those wild speculators and frantic buyers who have been chasing the price up in the past few months have suddenly gone, as quickly as they have come. Developers, real estate agencies and all those who have a vested interest will continue their attempt to talk up the market. The truth is prices will not go up forever.

Read the signs yourself.

7) The Property Cycle
The property market is cyclical. It is an established behaviour. The last time the market went down was 1998. There was a supply glut then. Now we see a supply shortage, with developers building frantically to cash in on the demand. It doesn't take a lot of intelligence to see what's next in the cycle.

Less Risk Buying Completed Units
As you wait, more residential units will be completed. It's far better to buy what you can see than try to imagine from some floor plan. Believe me, you don't want any rude shock for something that costs you your life savings and more.

9) No Urgency to Buy
More than 90% of Singaporeans already own their homes which means that for most of us, there is no real urgency to buy. So why rush in at this rocket-high price?!

10)Heed to the Minister's Advice
"Stand back and let the others rush. If you want to follow the crowd, you must be prepared to take higher risks." was the advice of Mah Bow Tan.

Guest · on *04 May 08 11:43 am*

As usual, watch what I said over 7-mths ago:

The previous major resistant was somewhere in 2600-2700 level which was the previous peak in (Yr1994)(Yr1996)(Yr2000)... This resistant has been rise gradually close to 2800. This resistant was broken in end 2006... And only then we saw a suddenly surge in property market in Feb/Mar 07 just after CNY. (just like a turbo spinning to gather its power.. without you knowing it till you have a sudden surge of power in the car once the turbo kicks in)

Since the major resistant was broken, its now become a major support for the whole upswing. So now the STI already entering into a new zone of 28XX to 39XX.
28XX became a major support now & 39XX became a major resistant now. Both will rise gradually & thats why some analysis predicted it will reach 4000 level when its going to try for the 2nd time.

So as long as STI remain above at this major support (2800 level)... thats isn't much adjustment to our property market! If later STI started to climb.. you still don't believe.. till above 3500.. 3600 level.. then is too late for you if you still hoping for any correction in property market, even for the next few years.. at least!!

Guest · on *04 May 08 12:56 pm*

we have not seen the worst

Guest · on *04 May 08 12:58 pm*

the worst is yet to be. a new trend is emerging when the old outnumber the young

Guest · on *04 May 08 9:13 pm*

this is Singapore (Sparta) and Singaporeans are like Spartans. We will stand and continue to prosper.

Guest · on *04 May 08 9:45 pm*

Guest · on *04 May 08 10:49 pm*

Should learn from past mistakes and successes. Sellers tend to sell too early and buyers tend to buy too late. History tends to repeat itself, that is why we look back. If a person doesn't look back, then perhaps he sold too early too low and made too little, or bought too late too high and still stuck.

Guest · on *04 May 08 11:11 pm*

Guest · on *04 May 08 11:58 pm*

Followers tempting to buy.. so keep go & view house.. without bother about uncle crash stories.. but no hard-up seller die die never reduce much on their asking price.. followers can't afford.. sibeh tulan.. reach home only.. straight away let go their frustration.. telling ppl cannot sell cannot sell.. but actually is followers cannot buy due to cannot afford!! Laughing

Price increasing for singapore property !

Singapore Room & House For Rent, Sale, Buy, & Sell

Price increasing for singapore property !