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Guest
on 16 May 08 10:25 pm
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| I read with interest the bull and bear argument. My thought is that the huge increase in property price last year was built mostly on speculative actions and therefore not built on strong foundations. It is therefore unable to withstand any weakening and declining movement in the global economy. The huge increase in price will collapse anytime. |
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Guest
on 17 May 08 1:30 am
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| Anonymous wrote: | | I read with interest the bull and bear argument. My thought is that the huge increase in property price last year was built mostly on speculative actions and therefore not built on strong foundations. It is therefore unable to withstand any weakening and declining movement in the global economy. The huge increase in price will collapse anytime. |
huh?
what do u mean no fundamental reason.
Our economy grew at breakneck pace last year. Tahts what fueled the property boom. |
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Guest
on 17 May 08 8:34 am
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| Anonymous wrote: | | I read with interest the bull and bear argument. My thought is that the huge increase in property price last year was built mostly on speculative actions and therefore not built on strong foundations. It is therefore unable to withstand any weakening and declining movement in the global economy. The huge increase in price will collapse anytime. |
Yes, it is and the speculators and developers are still trying hard to get the speculative actions going. The sign has already shown, it has lower transaction and now price drop. It's here and next is to see how fast it drops further. |
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Guest
on 17 May 08 9:16 am
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| Anonymous wrote: | | Anonymous wrote: | | I read with interest the bull and bear argument. My thought is that the huge increase in property price last year was built mostly on speculative actions and therefore not built on strong foundations. It is therefore unable to withstand any weakening and declining movement in the global economy. The huge increase in price will collapse anytime. |
Yes, it is and the speculators and developers are still trying hard to get the speculative actions going. The sign has already shown, it has lower transaction and now price drop. It's here and next is to see how fast it drops further. |
Ppl will always look back.. think history will repeat.
For the past 30 over years.. STI was trading below 2700 level.. & since end 2006 it was the first time broke the very major resistant level & enteriong into 2800 to 3900 level.. & since then you realise that prices of many things have increased to a new level too.
So any correction now is minimum as the level of "cost" also increased.. whether is good or bad.. the actual direction is still UP after some short correction if any. |
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Guest
on 17 May 08 3:15 pm
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From wat i know KLB is a major property developer and not a property buyer. As such, he is pushing hard to sell all his condos to naive buyers whom he can con. He is still left with a few thousand units for sales.
If you want to continue to get conned by these billionaires who made money by cheating other people money, go ahead.
Cause property is definitely not a good buy now unless its 40% cheaper than current price. Cause Singapore has the lowest return on investment in the whole world, currently at only 3-4% of purchase price. Its not a good investment |
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Guest
on 17 May 08 3:32 pm
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| what happened in china is a bad omen |
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Guest
on 17 May 08 5:58 pm
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| Anonymous wrote: | From wat i know KLB is a major property developer and not a property buyer. As such, he is pushing hard to sell all his condos to naive buyers whom he can con. He is still left with a few thousand units for sales.
If you want to continue to get conned by these billionaires who made money by cheating other people money, go ahead.
Cause property is definitely not a good buy now unless its 40% cheaper than current price. Cause Singapore has the lowest return on investment in the whole world, currently at only 3-4% of purchase price. Its not a good investment |
why so many ppl want singapore property to drop by 50% or more.....definitely those are the group who have wanted to buy property but miss the boat....and now price are still staying high even US recession....those miss the boat wanted to buy becos singapore property is still the best investment in asia... |
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Guest
on 17 May 08 6:21 pm
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| Anonymous wrote: | | Anonymous wrote: | From wat i know KLB is a major property developer and not a property buyer. As such, he is pushing hard to sell all his condos to naive buyers whom he can con. He is still left with a few thousand units for sales.
If you want to continue to get conned by these billionaires who made money by cheating other people money, go ahead.
Cause property is definitely not a good buy now unless its 40% cheaper than current price. Cause Singapore has the lowest return on investment in the whole world, currently at only 3-4% of purchase price. Its not a good investment |
why so many ppl want singapore property to drop by 50% or more.....definitely those are the group who have wanted to buy property but miss the boat....and now price are still staying high even US recession....those miss the boat wanted to buy becos singapore property is still the best investment in asia... |
ppl like me who have brought in 2005 is not selling...that why those who wanted cheap buy still cannot get their deam home....they say they can buy cheap from developer... so i aaak them to go ahead... |
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Guest
on 17 May 08 6:30 pm
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Similarly, housing agents, developers, property punters all want you to believe that prices haven't run ahead of affordability and economic growth, and that they have to resort to crimping supply just to maintain prices, whilst, giving surreptitious discounts and rebates so that the recorded transaction prices don't reflect the true fall in prices.
Don't need to get worked up Mr Speculator at people in this forum who simply don't believe your rosy predictions |
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Guest
on 17 May 08 6:53 pm
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| still the same old stories.... ppl want price to drop so that they can afford to buy....if not why they want to join this foum.... ??? |
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Guest
on 18 May 08 12:38 am
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correct if ppl got no intention to buy property.... they will not care whether the price increase or dropping.... if only they got intention to buy then they want the property price to drop..... as simple as that....
however their dream of buying cheap property is long over...even property price in third world country like vietnam are not selling like third world price.....i leave it to individual to find out....
so if any individual can find any cheapo property in singapore... let us know...  |
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Guest
on 18 May 08 12:42 am
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| ya la, cannot aford to buy condo... then stay away from here... go any buy HDB flat, still cannot aford...just rent also can...still cannot aford to rent... stay with your father mother brother sister loh...... |
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Guest
on 18 May 08 12:53 am
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| i think all of u guys are agents anyway,who expect the price to rise and rise,and then expect bigger commission ? leeches lah.. |
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Guest
on 18 May 08 1:03 am
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| I lucky, I bought one private old apt last year Jan 2006. Not selling can earn rental. Only bad hearted ppl wanted the economy to be bad so that they can buy the property cheap... |
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Guest
on 18 May 08 3:52 am
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Guest
on 18 May 08 7:14 am
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| He added: "Supply will also be greater than usual due to the larger proportion of units owned by investors, as opposed to owner-occupiers, who usually put their properties up for rent." During the recent boom, many people bought second or third homes as rental properties. |
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Guest
on 18 May 08 11:11 am
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| Anonymous wrote: | | ya la, cannot aford to buy condo... then stay away from here... go any buy HDB flat, still cannot aford...just rent also can...still cannot aford to rent... stay with your father mother brother sister loh...... |
Aiyo.. those who cannot afford should go HDB forum leh..  |
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Guest
on 18 May 08 4:24 pm
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Why don't you look at US and UK. UK is very similar to Singapore trend. They just started the downtrend slightly earlier. Singapore downtrend should be very obvious after Q2.
If don't have extra properties then you should be fine. Most people who has a house to stay are not worry anyway as their mortgage is for their need not an extra liability.
Rental will be dropping when there are enough supply and sometime it might difficult to rent out too so it will be tough for those new properties that is too high.
Properties price is set to fall back to a rational price. I perceive 20-40% drop at least. |
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Guest
on 18 May 08 5:06 pm
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| suddenly so many units for sale |
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Guest
on 18 May 08 6:06 pm
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| Anonymous wrote: | | suddenly so many units for sale |
Because most of them cannot sell.....just re-post....no takers even with 20% price reduction....well it's just a sinking feeling  |
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