Price increasing for singapore property !

Guest · on *22 May 08 3:03 am*

if big time miss the boat think that singapore property not good return...nobody ask u to buy....u can go across the causeway to buy property over in malaysia what.....many more choice somemore, high rental return of more than 4%...

Guest · on *22 May 08 3:42 am*

Well i prefer to place my money in FD and earn 1% with no risks rather than buying a home which most certainly end up having a lower value as well as no tenant. I rather earn less than have sleepless nights.

And especially now when property price is expected to crash anytime, no one wants to buy. Unless buyers see a real adjustment in price, no one will come in to buy except of course a few foreigners who are entirely ignorant on Singapore property market altogether.

I have already said long long ago that property price will drop. See how many negative reports we have now on property market from

URA
Credit Suisse
Sumitomo Bank
UBS
Barclay Bank
GIC

These are big conglomerates and I prefer to trust them over real estate agencies or developer reports. In fact, I dont need them to tell me property price is heading south. As long as November 2007 last year, I can sense the market is cooling down and heading for an eventual collapse.

Guys what we about to see is a real collapse in Singapore property. Why I said that ? Most of the sellers are still dreaming of selling their units at record prices which are unattainable considering that recession is coming while rental is cooling down and many thousands of units coming into the market soon. So as a result of them still holding on to their units, they will actually bring up the number of available units for sale or rent in the market. And these numbers will blow up like a big bubble waiting to explode.

At times, some sellers will have no choice but to get rid of their units due to financial reasons, but for some who are financially strong, they will try to hold as long as possible only to see the situation getting worst with more and more units for sale including their units...and buyers getting lesser and lesser with the recession and economic slowdown coming. The number of enbloc buyers will also disappear as they will have already bought all their new homes. Speculators will no longer come in cause they dont see the potential of making money from buying Singapore property now. They will not come back until property price is adjusted by 40-50%.

As such, we now only have real genuine buyers in need of a home and these people naturally are not willing to part with their money in a big way. In addition, the government will promise to allocate more lands for B&D HDBs which might make them more attractive for genuine home owners.

Eventually, market collapse will happen. Cause we will have a situation of 20 or more sellers and only 1 buyer. And by then, seller will dig their own graves. Upon seeing the grave situation, major funds will start dumping their units which they buy in blocks, while foreigners will start selling their units here when they realise their units cannot get 5% or more in ROIs. Many of the foreigners and foreign funds have been duped into buying prime units with the hopes of capital appreciation and high rentals. When these do not materialise, see whats their next actions

Guest · on *22 May 08 12:16 pm*

u can try getting a unit in the mass market condo tat is gona TOP...see whether u can get anything below bank valuation...

Since u r not buying at all...dun come here and tok nonsense..y wasting ur time here.

If u r so gd at prediction, den shd be making tons of $ oredi?

If no, pls shut up.

Guest · on *22 May 08 12:52 pm*

want to buy just buy

dun buy then dun buy

talk so much crap for what?

Guest · on *22 May 08 1:01 pm*

Analyst reports in Business Times today really hammering the property sector.

Predicting 30% price drop in next couple of years. Doesnt do a lot of good for market sentiment. Wondr why all analysts are so bearish. From what I know on the ground situation not so bad currently. Only a few sales at lower than market prices. Rest are holding fine.

But overall the property sector doesnt look attractive for investment in the short term. Will park my money in oil instead Very Happy

Guest · on *22 May 08 1:41 pm*

Guest · on *22 May 08 4:00 pm*

price size psf
HAIG COURT Condominium 1,010,000 1,464 690 Apr-08
HAIG COURT Condominium 930,000 1,076 864 Feb-08
HAIG COURT Condominium 1,520,888 1,550 981 Feb-08
HAIG COURT Condominium 2,960,000 2,486 1,190 Feb-08
HAIG COURT Condominium 1,288,000 1,399 920 Dec-07

Guest · on *22 May 08 4:00 pm*

-43% from the top

Guest · on *23 May 08 9:49 pm*

Hearing in the market that Cosmopolitan transacted at 1480 and St Regis at 2450 !! Is this true ? Unbelievable.

Guest · on *23 May 08 11:19 pm*

Guranteed Doomed...

Guest · on *23 May 08 11:22 pm*

Developers are manupulating prices in very low Transacrtion markets to save their properties... have better average.

With no population growth... and whole of China and India becoming new world singapore, who wants to buy.

Guest · on *24 May 08 12:03 am*

Singapore property prices have peaked - govt

SINGAPORE, May 23 (Reuters) - Singapore's booming property market has peaked and will continue to moderate over the next two years, the country's trade ministry said on Friday.

Singapore's central bank said that while the financial services industry could face some slowdown there was no evidence of a large job cuts.

"There could be some slowdown, but not major slowdown.

Anecdotal evidence shows that while financial institutions are reviewing headcounts and business lines, they are also looking at several areas of growth," Monetary Authority of Singapore Deputy Managing Director Ong Chon Tee told a news conference.

Abandon Ship Laughing

Guest · on *24 May 08 12:05 am*

Guest · on *24 May 08 12:54 am*

Guest · on *24 May 08 2:54 pm*

property investment is for long term...

Prudent investors should set aside enough cash to service their loans for 3-5yrs...

I still doubt that the property price will crash(fall 40%)...I would say a gradual drop of 15 to 20% because I always believe future peak will be higher den previous peak and future trough will not be lower den the previous trough...SO, no matter wat, prices will not fall back to 2005 price level.

If rental yield can fetch above 4% and mortgage rates unlikely to hit 4% within this 1-2yrs..i think property investment shd be safe to buy provided u got it below 20% from the peak price now.

I think right now for those who have spare cash sitting on the bank r having a hard time searching for a best investment vehicle. FD 1.5%, bonds less den 3%, oil and commodities at all time high, stocks market so volatile and with rising inflation of 6-7% now...Gosh, where to park our $???

Anyone who have any brilliant ideas..pls share

Guest · on *24 May 08 4:29 pm*

Guest · on *24 May 08 7:12 pm*

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! Just be prepard 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! Wink

Guest · on *24 May 08 7:14 pm*

Oil oracle predicts US$200 a barrel
Rivals scoffed when Goldman analyst Arjun Murti said the price of crude would breach US$100 a barrel; nobody is scoffing now Email this

(NEW YORK)

Alternative energy, anyone?: In an America of US$200 per barrel oil, gasoline could cost more than US$6 a gallon
ARJUN N Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: he foresees a 'super spike' - a price surge that will soon drive crude oil to US$200 a barrel.

Mr Murti, who has a bit of a green streak, isn't bothered much by the prospect of even higher oil prices, figuring it might finally prompt America to become more energy-efficient.

An analyst at Goldman Sachs, Mr Murti has become the talk of the oil market by issuing one sensational forecast after another. A few years ago, rivals scoffed when he predicted oil would breach US$100 a barrel.

Few are laughing now. Oil shattered yet another record on Tuesday, touching US$129.60 on the New York Mercantile Exchange. Four-dollars-a-gallon gasoline is arriving just in time for those long summer drives.

Mr Murti, 39, argues that the world's seemingly unquenchable thirst for oil means prices will keep rising from here and stay above US$100 into 2011. Others disagree, arguing that prices could abruptly tumble if speculators in the market rush for the exits.

But the grim calculus of Mr Murti's prediction, issued in March and reconfirmed two weeks ago, is enough to give anyone pause: in an America of US$200 oil, gasoline could cost more than US$6 a gallon.

That would be fine with Mr Murti, who owns not one but two hybrid cars. 'I'm actually fairly anti-oil,' says Mr Murti, who grew up in New Jersey. 'One of the biggest challenges our country faces is our addiction to oil.'

Mr Murti is hardly alone in predicting higher oil prices. T Boone Pickens, the oilman turned corporate raider, said on Tuesday that crude would hit US$150 this year. But many analysts are no longer so sure where oil is going, at least in the short term. Some say prices will fall as low as US$70 a barrel by year-end, according to Thomson Financial.

Experts disagree over the supply of oil, the demand for it and whether recent speculation in the commodities markets has artificially raised prices. As an energy analyst at Citigroup, Tim Evans, reportedly put it, trading commodities these days is like 'sticking your hand in a blender'.

Whatever the case, oil analysts like Mr Murti have suddenly taken on the aura that enveloped technology analysts in the 1990s. 'It's become a very fashionable area to write about,' said Kevin Norrish, a commodity analyst at Barclays Capital, which began predicting high oil prices around the same time as Goldman. 'And to try to get attention from people, people are coming out with all sorts of numbers.'

This was not always the case. In the 1990s, oil research was a sleepy area at banks. Many analysts assumed oil prices would hover near US$15-$20 a barrel forever. If prices rose much above those levels, they figured, consumers would start conserving, suppliers would raise production, or both, causing prices to decline.

But around the turn of the century, oil company after oil company started missing predicted production figures. Mr Murti, who covers oil companies like ConocoPhillips and Valero Energy, decided to study the oil spikes of the 1970s.

Since starting his career at Petrie Parkman & Co, a Denver-based investment firm acquired by Merrill Lynch in 2006, he had been conservative in his calls on oil. But by 2004, he concluded the world was headed for a long supply shock that would push prices through the roof. That summer, as oil traded for about US$40 a barrel, Mr Murti coined what has become his signature phrase: super spike.

The following March, he drew attention by predicting prices would soar to US$105, sending shock waves through the market. Angry investors questioned whether Goldman's own oil traders benefited from the prediction. At Goldman's annual meeting, Henry Paulson Jr, then the bank's chief executive and now US Treasury secretary, found himself defending Mr Murti. 'Our traders were as surprised as everyone else was,' Mr Paulson reportedly said. 'Our research department is totally independent. Our trading departments have no say about this.'

Over time, Mr Murti was proved right again. Oil crossed US$100 in February. Mr Murti's forecasts now feed into many of Goldman's economic and corporate forecasts, affecting research of companies like Ford and Procter & Gamble. His research is distributed widely among investors. 'Even if you disagree with their views, the problem is that Goldman does carry so much credibility,' said Nauman Barakat, senior vice-president for global energy futures at Macquarie Futures USA. 'There are a lot of traders who are going to buy based on their reports.'

His sudden fame unsettles Mr Murti. He rarely grants interviews, citing concerns about privacy, and he declined to be photographed for this article. He is not the bank's only gas prognosticator; Jeffrey R Currie predicts oil prices out of London. Mr Murti, for his part, scoffs at suggestions that his reports affect market prices. 'Whenever an analyst upgrades a stock or downgrades a stock, sometimes you get a reaction that day, but beyond a day, fundamentals win out,' he said.

Mr Murti falls into the camp of oil analysts who believe that supply is likely to remain tight because of geopolitical factors. These analysts predict higher prices because production is declining in non-Opec countries like Britain, Norway and Mexico.

The analysts who predict lower prices say there are supplies of oil that the bullish analysts are missing. 'This year will be a year in which supply will be put into the market by stealth by Opec and by countries we call black-hole countries,' said Edward L Morse, chief energy economist at Lehman Brothers. China is one example, he said. But while oil and gas prices have been rising for a while now, Americans have only just begun to reduce gasoline consumption, so their efforts to conserve have not dragged down oil prices.

'The fact that the US gasoline demand can be down and that the US gasoline consumer is no longer driving world oil prices is a monumental event,' Mr Murti says. He spends most of his time talking to money managers and analysts, many of whom keep asking him if oil prices will stay high if speculators abandon the market, and says he 'applauds' investors for driving up oil prices, since that will spur investment in alternative sources of energy.

High prices, he says, 'send a message to consumers that you should try your best to buy fuel-efficient cars or otherwise conserve on energy'. Washington should create tax incentives to encourage people to buy hybrid cars and develop more nuclear energy, he said.

Of course, if lawmakers heed his advice, oil analysts like him might one day be a thing of the past. That's fine with Mr Murti. 'The greatest thing in the world would be if in 15 years we no longer needed oil analysts,' he says. -- NYT Wink

Guest · on *25 May 08 12:12 am*

Guest · on *25 May 08 6:48 am*

US already in recession!!

BERLIN (AFP) - - While economists quibble, the world's richest man has decided: the United States is already in recession. So Warren Buffett tells German magazine Der Spiegel in an interview to be published on Monday.

"It is perhaps not a recession in the way that economists would understand it... but people are already feeling the effects and it will be deeper and longer than people think," Buffett said on a visit to Frankfurt.

Buffett, the 77-year-old chief of the Berkshire Hathaway holding company, blamed financial institutions for introducing instruments "they can no longer control" and said the "genie can no longer be put back in the bottle."

Buffett, who overtook Bill Gates this year as the world's richest man, said he believed the financial markets should be more tightly regulated.

According to the Forbes annual billionaire's list published in March, Buffett saw his wealth jump from 52 billion dollars last year to 62 billion, pushing Microsoft co-founder Gates into third position after 13 years at the top.

US economic growth has slowed dramatically in recent months and a growing number of economists believe the world's largest economy will experience a recession during 2008 amid a housing slump and related credit crunch.

Price increasing for singapore property !

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Price increasing for singapore property !