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Guest
on 11 May 08 6:36 pm
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| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | No, I don't bother about high end one even it fall cos is totally out of my reach. I'm talking about the mass market, I find it even harder when comes to bargain hunting in mass market. Really seems that price started to climb & I think I shouldn't wait too long since I'm a serious buyer. |
Go ahead and buy lah....if you don't want to miss the boat....deep down inside you want the price too drop....  |
Actually I already missed the boat. And of course I'm hoping that price to drop too. But after waited for so long, & seems that price didn't fall, yet now I notice that it begin to climb again. I think I'm not gonna wait anymore, once the price is reasonable & I like the place, I will just commit & buy. |
Intersting point raised. I went to some showflats to view. Really felt tempted to make a purchase. But deep inside I know property price will fall soon as the market is generally quiet as compared to last year. This is really a sign that property price will fall soon or later. I am prepared to wait so there is much more potential for downside and upside |
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Guest
on 11 May 08 9:06 pm
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| Anonymous wrote: | Read a few analyst report on Spore banks and got to know banks are generally turning cautious on giving out home loan.
Recently, I happen to talk to a housing agent on in investment property. She wanted to know whether I've got my financing approved by the bank
before talking to the owner to lower the asking price. I also spoke to a DBS loan officer.. he too would like me to file an application b4 committing to a property. I find it very strange 'cause this was not the case when I purchased another property few years ago. Are buyers are finding it hard to get loans approve from banks? If this is the case, it will definitely affect the market.
The market have no where to go but down  |
Yeah same thing happened to me ..... not easy to get bank loan nowadays. Price will have to come down ... might not crash .... but definitely demand will be damnpened. |
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Guest
on 11 May 08 9:59 pm
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| I think property price holds up quite well. But it will not be like that for a long time. The quiet market will signal property sellers to lower their expectations. Very hard to make money from property as opposed to early last year. A lot of downside and very little upside. As we move towards end of this year, I believe it will drop drastically. Probably it makes sense to wait if you do not need the property urgently. |
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Guest
on 12 May 08 12:22 am
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actually the property price in singapore should fall, but seller seeing so many FOLLLOWER, MISS the BOAT still waiting at sideline for price to FALL to buy.....seller has withdrawn their sales to sell higher ....
unless maybe DIVA FOLLOWER, and BIG TIME MISS the BOAT total disappear from this forum, then the property price in singapore will fall.....
told FOLLOWer, BIG TIMe miss the boat to join kids forum to buy and sell stamps... property investment are big and long term investment....not suitable for FOLLOWer.... just do what u are good at CUT&PASTE and pay your rental.....but nothing....
as for me, do what i am best in, my property and stock investment.... collect rental for my retirement from MIISS THE BOAT  |
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Guest
on 12 May 08 6:10 am
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| some leaders sold their condos and now renting to wait for prices to fall. |
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Guest
on 12 May 08 6:57 am
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| Anonymous wrote: | | I think property price holds up quite well. But it will not be like that for a long time. The quiet market will signal property sellers to lower their expectations. Very hard to make money from property as opposed to early last year. A lot of downside and very little upside. As we move towards end of this year, I believe it will drop drastically. Probably it makes sense to wait if you do not need the property urgently. |
Hehe just came back from this showflat in pathetic Marine Parade neighborhood just opposite those old HDB flats.
True the developer is dreaming of selling at $1,600psf onwards, but after talking to a few agents there, I began to realise that they met lots of potential buyers who are only willing to fork out 1,100 to 1,200psf the most for this new development.
As such, even if there are a few crazy buyers, this condo will sure unable to sell all its units at 1,700psf. Neighboring condos are selling at $1,100 - $1,300psf and yet still difficult to unload. From the feedback, I think they claimed that they only got interested buyers for the top most penthouses and higher floor units (less than 10 units) though this figure is not confirmed. The rest still UNSOLD . Developer is just testing the market. And only idiots will buy this condo cause neighboring Seaview, One Amber and The Esta have difficulties unloading at $1,300psf. This Parc Seabreeze is not even condo status and just apartment status.  |
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Guest
on 12 May 08 9:19 am
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| Anonymous wrote: | | some leaders sold their condos and now renting to wait for prices to fall. |
Not leaders.. they are followers.. even uncle also into rental now.. just that their will fall soon.. soon until very long already.. |
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Guest
on 12 May 08 9:24 am
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| Anonymous wrote: | actually the property price in singapore should fall, but seller seeing so many FOLLLOWER, MISS the BOAT still waiting at sideline for price to FALL to buy.....seller has withdrawn their sales to sell higher ....
unless maybe DIVA FOLLOWER, and BIG TIME MISS the BOAT total disappear from this forum, then the property price in singapore will fall.....
told FOLLOWer, BIG TIMe miss the boat to join kids forum to buy and sell stamps... property investment are big and long term investment....not suitable for FOLLOWer.... just do what u are good at CUT&PASTE and pay your rental.....but nothing....
as for me, do what i am best in, my property and stock investment.... collect rental for my retirement from MIISS THE BOAT |
You are wrong lah.. Uncle & Followers only will disappear from this forum after they bought their dream home at their dream falling price..
Seems that many of them still around.. I can confirm they still can't find a cheap home eventhrough keep talking about falling falling soon almost one year already.... also meaning price still sustainable & not falling is it. |
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Guest
on 12 May 08 10:04 am
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| Anonymous wrote: | | I think property price holds up quite well. But it will not be like that for a long time. The quiet market will signal property sellers to lower their expectations. Very hard to make money from property as opposed to early last year. A lot of downside and very little upside. As we move towards end of this year, I believe it will drop drastically. Probably it makes sense to wait if you do not need the property urgently. |
Fair and honest view. Agree with you. |
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Guest
on 12 May 08 8:57 pm
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| Since World War II, inflation and country default have gone hand-in-hand. |
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Guest
on 12 May 08 8:58 pm
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| Since World War II, inflation and country default have gone hand-in-hand. Correlation is 0.75 from 1940 to 2006 |
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Guest
on 12 May 08 10:23 pm
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Over last weekend, flip newspaper again to look for property.. I realised that advertisement is getting lesser & lesser. Dist 1-8 use to be almost 3 page full, now only 1-2 pages. Dist 9-10, 11-21 also much lesser & same to others. Seems that not many sellers willing to sell their house.
So went to view Raintree at Up Bt. Timah, some unit quite keen but was sold or seller not willing to neg much.
Today went Varsity Pk at West Coast to take a comparison, the unit I have seen, the agent informed me just sold tonite, eventhrough I have made an offer this afternoon. Over there, I saw some advertisement hanging on the unit, out of about 4 that I called, 2 already sold. Other than that the better facing not many are selling.
It seems like the market is moving again & I realise that the price is also transacted higher. I just couldn't get any good deal. |
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Guest
on 13 May 08 12:04 am
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| Anonymous wrote: | | Anonymous wrote: | actually the property price in singapore should fall, but seller seeing so many FOLLLOWER, MISS the BOAT still waiting at sideline for price to FALL to buy.....seller has withdrawn their sales to sell higher ....
unless maybe DIVA FOLLOWER, and BIG TIME MISS the BOAT total disappear from this forum, then the property price in singapore will fall.....
told FOLLOWer, BIG TIMe miss the boat to join kids forum to buy and sell stamps... property investment are big and long term investment....not suitable for FOLLOWer.... just do what u are good at CUT&PASTE and pay your rental.....but nothing....
as for me, do what i am best in, my property and stock investment.... collect rental for my retirement from MIISS THE BOAT |
You are wrong lah.. Uncle & Followers only will disappear from this forum after they bought their dream home at their dream falling price..
Seems that many of them still around.. I can confirm they still can't find a cheap home eventhrough keep talking about falling falling soon almost one year already.... also meaning price still sustainable & not falling is it. |
FOLLOWers are the king of rental market.... even property price fall by 20%, FOLLOWER still can't afford....not even a simple HDB flat.... singapore property price will fall by 20%, but not now.....it will increase by 30% - 50% or more first, then it will fall 20%, by then it will be 2117....by 2117 FOLLOWer and BIG TIME miss the boat has already help us to pay off our 2nd condo... stories continue ..... |
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Guest
on 13 May 08 9:43 am
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If you are dreaming of Singapore property market to pick up next year, the following is a piece of news for you to reflect. As PM Lee said, if the mortgage crisis lengthens to next year, we are into serious trouble. It seems like recovery wont be so soon...it takes a few years or a decade (10 years) for full recovery to take place. The L-Shaped recovery is in the making.
New mortgage crisis looms
Steep price declines and interest-rate resets will have even prime borrowers simply walking away from their mortgage obligations.
By Mark Gimein, Slate (12 May 2008)
More from Slate
Countrywide wants to sell you a house
Is retail real estate about to crash?
Spinning through the credit crisis
California is to mortgage lending what Chicago is to pork bellies. For years, that meant it was a place with soaring house values; today, the foreclosure rate across the state is twice the national average and going up fast. Riverside County, outside Los Angeles, may be the foreclosure capital of the country, with a rate close to six times the national average. And housing prices are in free fall.
California should be the poster child for a mortgage-loan bailout. In few other places have so many taken on such onerous debts with so little equity. Unfortunately, the crisis in California is going to get much worse, and no bailout will solve it. Why? Because if the first stage of the foreclosure crisis was about people who could not afford their mortgages, the next stage will be about people who have every reason not even to try to pay their mortgages.
Over the next several months, we're going to be subjected to a chorus of complaints about the moral turpitude of people who walk away from their mortgages and pronouncements like the warning from Treasury Secretary Henry Paulson in March that people should honor their mortgage obligations. The problem with finger-wagging on what you "should" or "ought" to do is that, when it comes to money, you're usually given the lecture only when it's in your interest to do the opposite. Certainly, that's the case for all the California homeowners who in the next year or two are going to find themselves with the choice of whether, faced with a huge new wave of interest-rate resets and a historic decline in the value of their homes, they will simply walk away.
First, those home prices: For a weird few months of the mortgage crisis, statisticians came up with peculiar numbers about home values, rolling out comforting stats showing single-digit declines. Well, that's over.
Last month, the California Association of Realtors (the folks who in October managed to project that prices would fall 4% in 2008) reported that, actually, California house prices in February fell 26% from a year ago. In the places where the foreclosure boom has hit hardest, it's worse.
A quick, almost random, survey of some foreclosure prices in Southern and Central California:
In San Bernardino, a house bought for $310,000 in 2005 is now being offered by the bank for $199,900.
A 2,000-square-foot ranch house in Rancho Santa Margarita is down from $775,000 to $565,000.
A starter home in Sacramento, sold for $215,000 in 2004, is now down to $129,900.
These are not sale prices. They are asking prices. Don't doubt that they are negotiable.
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Guest
on 13 May 08 10:24 am
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| You are dreaming of Singapore property or US property? Don't come here and use US to instill fear in Singaporeans. Make no mistakes. US fundamentals and Singapore situation are very different. PM Lee only say 'if' the ..., he is not 100% sure as well. Not sure what makes you more sure than him. |
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Guest
on 13 May 08 10:30 am
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Hi all experts,
I would like to know your views on how inflation will affect property price. Pls enlighten me. |
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Guest
on 13 May 08 10:40 am
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| Anonymous wrote: | If you are dreaming of Singapore property market to pick up next year, the following is a piece of news for you to reflect. As PM Lee said, if the mortgage crisis lengthens to next year, we are into serious trouble. It seems like recovery wont be so soon...it takes a few years or a decade (10 years) for full recovery to take place. The L-Shaped recovery is in the making.
New mortgage crisis looms
Steep price declines and interest-rate resets will have even prime borrowers simply walking away from their mortgage obligations.
By Mark Gimein, Slate (12 May 2008)
More from Slate
Countrywide wants to sell you a house
Is retail real estate about to crash?
Spinning through the credit crisis
California is to mortgage lending what Chicago is to pork bellies. For years, that meant it was a place with soaring house values; today, the foreclosure rate across the state is twice the national average and going up fast. Riverside County, outside Los Angeles, may be the foreclosure capital of the country, with a rate close to six times the national average. And housing prices are in free fall.
California should be the poster child for a mortgage-loan bailout. In few other places have so many taken on such onerous debts with so little equity. Unfortunately, the crisis in California is going to get much worse, and no bailout will solve it. Why? Because if the first stage of the foreclosure crisis was about people who could not afford their mortgages, the next stage will be about people who have every reason not even to try to pay their mortgages.
Over the next several months, we're going to be subjected to a chorus of complaints about the moral turpitude of people who walk away from their mortgages and pronouncements like the warning from Treasury Secretary Henry Paulson in March that people should honor their mortgage obligations. The problem with finger-wagging on what you "should" or "ought" to do is that, when it comes to money, you're usually given the lecture only when it's in your interest to do the opposite. Certainly, that's the case for all the California homeowners who in the next year or two are going to find themselves with the choice of whether, faced with a huge new wave of interest-rate resets and a historic decline in the value of their homes, they will simply walk away.
First, those home prices: For a weird few months of the mortgage crisis, statisticians came up with peculiar numbers about home values, rolling out comforting stats showing single-digit declines. Well, that's over.
Last month, the California Association of Realtors (the folks who in October managed to project that prices would fall 4% in 2008) reported that, actually, California house prices in February fell 26% from a year ago. In the places where the foreclosure boom has hit hardest, it's worse.
A quick, almost random, survey of some foreclosure prices in Southern and Central California:
In San Bernardino, a house bought for $310,000 in 2005 is now being offered by the bank for $199,900.
A 2,000-square-foot ranch house in Rancho Santa Margarita is down from $775,000 to $565,000.
A starter home in Sacramento, sold for $215,000 in 2004, is now down to $129,900.
These are not sale prices. They are asking prices. Don't doubt that they are negotiable.
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There ia always another view for the same issue....a good lesson learnt. |
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Guest
on 13 May 08 11:19 am
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| Anonymous wrote: | actually the property price in singapore should fall, but seller seeing so many FOLLLOWER, MISS the BOAT still waiting at sideline for price to FALL to buy.....seller has withdrawn their sales to sell higher ....
unless maybe DIVA FOLLOWER, and BIG TIME MISS the BOAT total disappear from this forum, then the property price in singapore will fall.....
told FOLLOWer, BIG TIMe miss the boat to join kids forum to buy and sell stamps... property investment are big and long term investment....not suitable for FOLLOWer.... just do what u are good at CUT&PASTE and pay your rental.....but nothing....
as for me, do what i am best in, my property and stock investment.... collect rental for my retirement from MIISS THE BOAT |
WOW, it seems you are so affected by all these news, if you really are not that worried, then how come you replied like a terrified sissy little kid... I think you know you are already in DEEP SHIT and the news here in this forum just confirms you are about to crash hahahaha.. that's why you are so angry |
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Guest
on 13 May 08 11:36 am
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| Anonymous wrote: | | Anonymous wrote: | actually the property price in singapore should fall, but seller seeing so many FOLLLOWER, MISS the BOAT still waiting at sideline for price to FALL to buy.....seller has withdrawn their sales to sell higher ....
unless maybe DIVA FOLLOWER, and BIG TIME MISS the BOAT total disappear from this forum, then the property price in singapore will fall.....
told FOLLOWer, BIG TIMe miss the boat to join kids forum to buy and sell stamps... property investment are big and long term investment....not suitable for FOLLOWer.... just do what u are good at CUT&PASTE and pay your rental.....but nothing....
as for me, do what i am best in, my property and stock investment.... collect rental for my retirement from MIISS THE BOAT |
WOW, it seems you are so affected by all these news, if you really are not that worried, then how come you replied like a terrified sissy little kid... I think you know you are already in DEEP SHIT and the news here in this forum just confirms you are about to crash hahahaha.. that's why you are so angry |
finally i manage to dig out one of the big time MISS the boat, do state yr initial as MTB when u post again ok !!!
multiple property owner like us no need to worry or angry lah... only BITE TIME MISS THE BOAT, DIVA FOLLOWER like u are becoming very frustrated since 2007.... becos of high rental price u have to pay....!!!! too bad the property price still going up even US recession.... even so many CUT&PASTE crash stories by u right ???? see u listen to uncle how ??? now pay your rent !!! |
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Guest
on 13 May 08 12:03 pm
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| Anonymous wrote: | | Anonymous wrote: | actually the property price in singapore should fall, but seller seeing so many FOLLLOWER, MISS the BOAT still waiting at sideline for price to FALL to buy.....seller has withdrawn their sales to sell higher ....
unless maybe DIVA FOLLOWER, and BIG TIME MISS the BOAT total disappear from this forum, then the property price in singapore will fall.....
told FOLLOWer, BIG TIMe miss the boat to join kids forum to buy and sell stamps... property investment are big and long term investment....not suitable for FOLLOWer.... just do what u are good at CUT&PASTE and pay your rental.....but nothing....
as for me, do what i am best in, my property and stock investment.... collect rental for my retirement from MIISS THE BOAT |
WOW, it seems you are so affected by all these news, if you really are not that worried, then how come you replied like a terrified sissy little kid... I think you know you are already in DEEP SHIT and the news here in this forum just confirms you are about to crash hahahaha.. that's why you are so angry |
They are desperate cannot sell, most probably peeing in their pants right now |
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