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Guest
on 18 May 08 6:19 pm
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| when the ang moh could not rent out their prime units, they would cut loss. |
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mm
Guest
on 18 May 08 10:09 pm
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| face the fact |
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all i can say is the worst is yet to come....and it seems like the calm before the storm...strongly think that property got lots of downside at least 30% off. Those who are not vested stay out...keep your cash..  |
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Guest
on 19 May 08 12:45 am
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| Yes, this is just the beginning...now loan rates also moving up. Some buyers who jumped in in Jan/Feb now in tears. One person who bought at 2.9mill in Jan wanted to sell as he found rental return was only 2.5%. Unable to sell , best buyer at 2.3mill. Lots of similar cases . Amazed to see people still saying prices are going up! Prices are already down 25% from the peak with high risk of another 25% move down. Smart people have already got out in 2007. And they have made big money. The ones holding the leftovers are going to take it on their chin. Market is at cliff edge. One should buy only for your own stay; else just stay out. |
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Guest
on 19 May 08 10:31 am
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| how to repay 2.9 mio using fixed salary? |
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Guest
on 19 May 08 1:44 pm
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| Can pay 2.9 million either by getting a loan or with his bank account definitely don't look like a fixed salary person. Seems like exaggeration, better take the postings here with a pinch of salt. A lot of people come here to talk down the market when the market is running away from them. |
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Guest
on 19 May 08 1:55 pm
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If this is speculation, it is called Smart Speculation. Smart Buyers look at the economic fundamentals, the affordability, the foreigners' earnings etc. and decide there is little upside to buy at current prices. This is the spirit of the Smart Buyers.
Speculators follow the herd instinct blindly, often too optimistic. They're like gamblers. When they win a little, they think lady lucky is theirs, so buy bigger and bigger, and mortgage for bigger and bigger sums. When the day of reckoning comes, ... |
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Guest
on 19 May 08 2:51 pm
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o no poor followers
dun talk so much
look at this
'CREDIT CRISIS ENDING SOON'
http://www.straitstimes.com/Money/St...ry_238795.html
May 19, 2008
'CREDIT CRISIS ENDING SOON'
US property to rebound this year: Deutsche chief
ZURICH - THE end of the global credit crisis is getting closer and the United States real estate market should recover in the second half of the year, Deutsche Bank chief executive (CEO) Josef Ackermann said in a newspaper interview.
'I think that we are getting closer to the end of the financial crisis,' he told the Swiss Sunday newspaper SonntagsBlick. 'It is not fully over yet, but the signs from the US are encouraging.'
He said the pragmatic approach being taken in the US to resolve the crisis should start to pay off soon.
'We should feel the effects in the second half of the year already and should see a strong recovery of the US real estate market,' he told the paper.
His comments add to growing optimism among analysts who say the worst might be over for the US economy, even if it still struggles for some time because of weak housing, tight credit and high energy costs.
The latest data suggests the world's largest economy might have averted a calamitous downturn and could even escape a recession, by the most common definition, Agence France-Presse reported.
'Remarkably, the economy has been able (barely) to keep its head above water despite all the negative shocks - a testament to its underlying resiliency, an aggressive policy response and the relative strength of global growth,' said Mr Josh Feinman, the chief economist with Deutsche Bank's DB Advisors.
He predicts the US economy, which saw sluggish growth at a 0.6 per cent pace in the past two quarters, will grow 1 per cent for the second quarter and 2 per cent for the July to September quarter.
But Mr Paul Kasriel, the director of economic research at Northern Trust, cautions against reading too much into recent data.
'Any blue skies you see are likely to be short-lived. The economy is in the relative calm of the eye of the business-cycle hurricane. The mortgage credit problems are not over. And credit problems in other sectors are just beginning as the housing recession spreads to the rest of the economy.'
REUTERS, AGENCE FRANCE-PRESSE |
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Guest
on 19 May 08 7:25 pm
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| Those who are holding property would hope that it will appreciate in value while those who miss the boat would hope that it drop in value. My personal opinion is that it is likely to drop in the next 6 months as I think supply is more than demand. Perhaps, Singapore need to find more foreigners to buy our property to sustain the demand. Next year will be a testing time with more development obtaining TOP and speculators having to pay interest. I suspect there will be a surge in supply if these speculators start to sell. It is a waiting game and it will be clearer in which direction the price is heading in the next 6 months. |
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Guest
on 19 May 08 7:33 pm
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| Anonymous wrote: | | Those who are holding property would hope that it will appreciate in value while those who miss the boat would hope that it drop in value. My personal opinion is that it is likely to drop in the next 6 months as I think supply is more than demand. Perhaps, Singapore need to find more foreigners to buy our property to sustain the demand. Next year will be a testing time with more development obtaining TOP and speculators having to pay interest. I suspect there will be a surge in supply if these speculators start to sell. It is a waiting game and it will be clearer in which direction the price is heading in the next 6 months. |
True, how much can a property appreciate if you already buying at a high that's little upside left. With all the surrounding global issue around us buyer will think twice to push the price up in fear of being trap at the peak. So the conclusion the price have no where to go but down.
Ask around the people on the streets what is their greatest worry now....job security and trying to make ends meet with the backdrop of high inflation and ever increasing fuel prices and cost of living. |
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Guest
on 19 May 08 10:28 pm
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| Anonymous wrote: | 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. |
20-40% is your missed the boat rate right!!
Why can't you predict that early... & then come telling ppl you perceive this & that.. like expert like that.. |
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Guest
on 19 May 08 11:35 pm
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i received another call today from buyer who wanted to buy cheapo property...asking how much am i selling.... i ask her what is her offer.... she mention that "i thought your property selling at $850,000 ??"... i told her where got $850,000... now the price has increased to $1,000,000 !!! i have brought my property cheap... doesn't mean that i need to sell cheap.... buyer still searching for cheap property.....good luck and all the best !!  |
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Guest
on 20 May 08 12:34 am
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| Anonymous wrote: | | i received another call today from buyer who wanted to buy cheapo property...asking how much am i selling.... i ask her what is her offer.... she mention that "i thought your property selling at $850,000 ??"... i told her where got $850,000... now the price has increased to $1,000,000 !!! i have brought my property cheap... doesn't mean that i need to sell cheap.... buyer still searching for cheap property.....good luck and all the best !! |
Good luck to you ....all the best $850K or $1 Million.....end of the day still cannot sell right |
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Guest
on 20 May 08 1:01 am
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| Anonymous wrote: | | Anonymous wrote: | | i received another call today from buyer who wanted to buy cheapo property...asking how much am i selling.... i ask her what is her offer.... she mention that "i thought your property selling at $850,000 ??"... i told her where got $850,000... now the price has increased to $1,000,000 !!! i have brought my property cheap... doesn't mean that i need to sell cheap.... buyer still searching for cheap property.....good luck and all the best !! |
Good luck to you ....all the best $850K or $1 Million.....end of the day still cannot sell right |
even $200,000, u big time MISS that BOAT, still cannot afford....just continue pay your rental for me to stay in condo.... lah... |
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Guest
on 20 May 08 1:17 am
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| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | i received another call today from buyer who wanted to buy cheapo property...asking how much am i selling.... i ask her what is her offer.... she mention that "i thought your property selling at $850,000 ??"... i told her where got $850,000... now the price has increased to $1,000,000 !!! i have brought my property cheap... doesn't mean that i need to sell cheap.... buyer still searching for cheap property.....good luck and all the best !! |
Good luck to you ....all the best $850K or $1 Million.....end of the day still cannot sell right |
even $200,000, u big time MISS that BOAT, still cannot afford....just continue pay your rental for me to stay in condo.... lah... |
$200K also no takers, just worry and pay your loan long long loh |
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Guest
on 20 May 08 2:46 am
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Still cannot sell right ...Wait long long loh  |
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Guest
on 20 May 08 9:57 am
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Thanks for this information. Very useful.
And for those who keep thinking prices will stabilize or even increase, start reading from unbiased sources you morons - sg press is controlled and you know it. |
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Guest
on 20 May 08 10:05 am
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| Anonymous wrote: | o no poor followers
dun talk so much
look at this
'CREDIT CRISIS ENDING SOON'
http://www.straitstimes.com/Money/St...ry_238795.html
May 19, 2008
'CREDIT CRISIS ENDING SOON'
US property to rebound this year: Deutsche chief
ZURICH - THE end of the global credit crisis is getting closer and the United States real estate market should recover in the second half of the year, Deutsche Bank chief executive (CEO) Josef Ackermann said in a newspaper interview.
'I think that we are getting closer to the end of the financial crisis,' he told the Swiss Sunday newspaper SonntagsBlick. 'It is not fully over yet, but the signs from the US are encouraging.'
He said the pragmatic approach being taken in the US to resolve the crisis should start to pay off soon.
'We should feel the effects in the second half of the year already and should see a strong recovery of the US real estate market,' he told the paper.
His comments add to growing optimism among analysts who say the worst might be over for the US economy, even if it still struggles for some time because of weak housing, tight credit and high energy costs.
The latest data suggests the world's largest economy might have averted a calamitous downturn and could even escape a recession, by the most common definition, Agence France-Presse reported.
'Remarkably, the economy has been able (barely) to keep its head above water despite all the negative shocks - a testament to its underlying resiliency, an aggressive policy response and the relative strength of global growth,' said Mr Josh Feinman, the chief economist with Deutsche Bank's DB Advisors.
He predicts the US economy, which saw sluggish growth at a 0.6 per cent pace in the past two quarters, will grow 1 per cent for the second quarter and 2 per cent for the July to September quarter.
But Mr Paul Kasriel, the director of economic research at Northern Trust, cautions against reading too much into recent data.
'Any blue skies you see are likely to be short-lived. The economy is in the relative calm of the eye of the business-cycle hurricane. The mortgage credit problems are not over. And credit problems in other sectors are just beginning as the housing recession spreads to the rest of the economy.'
REUTERS, AGENCE FRANCE-PRESSE |
o no poor speculator (a.k.a. agent):
ECB head: Credit crunch 'ongoing'
Jean-Claude Trichet (L) and Robert Peston (R)
Mr Trichet warned against cutting interest rates
The credit crunch is continuing and it is not evident that the worst is over, the head of the European Central Bank has told the BBC.
Jean-Claude Trichet said we were seeing "an ongoing, very significant market correction," during an interview with the BBC business editor Robert Peston.
He warned that if central banks were tempted to cut interest rates now, more serious problems could follow.
He compared recent rises in energy and food prices to the 1970s oil shock.
Mr Trichet said the failure of most European economies to digest tighter monetary policy in the 1970s caused higher wages that undermined the region's ability to compete. The net result was mass unemployment.
He added that we were still fighting unemployment that was a "legacy" of that era.
While the Consumer Prices Index (CPI) has risen sharply, high inflation "will not last forever," said Mr Trichet.
The ECB has kept interest rates at 4% as a result of continuing inflationary pressures, even amid an economic slowdown, and Mr Trichet implied that a cut in interest rates was not on the cards.
Separately on Monday the French Central Bank said it expected the economy to grow by 0.3% in the second quarter, half what it was in the first three months of the year.
Page last updated at 08:36 GMT, Monday, 19 May 2008 09:36 UK
Main Link:
http://news.bbc.co.uk/2/hi/business/7407759.stm |
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Guest
on 20 May 08 10:28 am
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| Yeah, so don't go buy property over there.. buy in S'pore instead.. haha |
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Guest
on 20 May 08 4:42 pm
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| no money how to buy? |
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Guest
on 20 May 08 5:07 pm
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| Anonymous wrote: | | Still cannot sell right ...Wait long long loh |
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