Price increasing for singapore property !

Guest · on *02 Jun 08 10:51 am*

Why topic says "Price increasing for singapore property" while we are talking about price falling here?

Should start a new topic.

Guest · on *02 Jun 08 1:52 pm*

Guest · on *02 Jun 08 8:14 pm*

Guest · on *02 Jun 08 8:19 pm*

Bloomberg (Barclays) says that “Unless there are concrete measures to tackle inflation, investors are goiung to reconsider the Asian growth story and realise its not as rosy as it seems….Confidence will weaken and there’ll be a significant correction in asset prices such as stocks as capital flows out”. Without stronger action by the central banks, “the eventual correction will come at a much higher price” argues Daiwa. “The more the problems get delayed, the greater the risk. The subsequent bust cycle will be long and painful”. HSBC says “Policy makers were expecting slower global growth to bring down inflation and do their work for them….Thats not going to happen. Monetary policy is incredibly loose, and they have a lot of catching up to do”. Fitch has now even warned that the spiralling prices now threaten the credit ratings of the emerging markets. (I would note that if you look at real Chinese rates – (whether deposit or lending rates) – they just keep getting increasingly negative, ie it is taking increasingly negative rates to support growth. The reason that China doesn’t tackle this is that it is thought that a small slowdown in growth would lead to a complete collapse of the financial system).

Guest · on *06 Jun 08 11:13 pm*

LONDON (Reuters) - The number of companies around the world at risk of getting a credit downgrade climbed to a record in May amid the global credit squeeze, ratings agency Standard & Poor's said on Friday.

The number of entities at risk of downgrade rose to 738 in May, 25 more than in April, S&P said.

"A material slowdown in housing and consumer-related activity and protracted tightening of lending conditions have continued to dampen credit fundamentals," S&P said.

The credit crisis sparked by the collapse of the U.S. sub-prime credit market, which led to multi-billion dollar losses among financial institutions, is spreading to the rest of the economy.

The number of potential downgrades -- entities with either a negative outlook or which are on S&P's CreditWatch list -- is 118 higher than at the same time last year, the ratings agency said.

"The upsurge in the count of entities at risk of downgrades began in mid-summer 2007 with the onset of a material erosion of the residential real estate sector and large writedowns by financial institutions," S&P said.

The United States is home of two-thirds of the potential downgrades, while Europe represents 17 percent of the list, the report said.

As companies struggle to make interest payments, U.S. junk bond defaults are expected to rise to 4.7 percent in the next 12 months from a 25-year low of 0.97 percent at the end of 2007, according to S&P.

Another agency, Moody's Investors Service, said on Thursday that its rating downgrades and rating warnings are on pace to hit a record $1.6 trillion in the second quarter. Moody's has already downgraded about $551 billion of corporate debt and put another $517 billion on review for downgrade this quarter.

If credit deterioration continues at that pace, downgrades will total $827 billion and reviews for downgrade $772 billion in the quarter.

Sectors linked to the falling housing markets, such as mortgage lenders, forest products and building materials companies, are among the most susceptible to a downgrade, S&P said.

Consumer-driven sectors, such as media and entertainment and consumer products, are also likely to worsen amid economic woes and record fuel prices.

Guest · on *07 Jun 08 2:45 am*

alot of ppl can't accept the fact that everything is expensive including housing in singapore....

don't worry as long as everyone in singapore dun drink coffee, a cup of coffee will fall back to the 19xx 60 cents level....

so DIVA and BIG TIME MISSSSS the boat i are applying the same theory.... as long as everyone in singapore not buying house... housing price will fall back to the 19xx level.... mah....

FOUR letter words for u... WAIT LONG LONG LONG..... Rolling Eyes

Guest · on *07 Jun 08 4:15 am*

dow fell 400 points today.

get ready for the red monday in singapore

Guest · on *07 Jun 08 7:13 am*

Guest · on *07 Jun 08 7:14 am*

Guest · on *07 Jun 08 10:35 am*

Property prices ae down around 20-25% from the highs...can they go lower ? Will the sellers hold back and not reduce prices further ? I believe that currently many sellers are able to hold on because they are able to finance their mortgage at around 2%. And rentals are around 3%. Those who are losing money due to the recent fall will obviously tend to hold so long as the mortgage can be financed. The ones who are selling at 20-25% lower are those who managed to buy in 2006-early 2007 who can still get out with small profits. Many of the buyers in 2007 have locked-in rentals till 2009. And there was a lot of influx of professionals in 2006 and 2007. They normally rent for first two years and then look to buy. Mnay are in the market now but waiting for right price and also not confident due to some analyst views. In short demand is there, but they will commit only when the consensus views chnage. And in the meantime, the sellers with locked-in rentals will hold their ground unless mortgage rates jump. Since that is not expected, we will continue to see very few transactions with some sellers who are still in-the-money willing to go down probably because they hold multiple properties. We could be near a bottom in the short-term and see a minor rally sometime in August . Buyers holding back will drive the rally between Aug-March09 and onc ethat demand is met, we might see a correction again with many new buildings coming on steam in 2009 second half. So makes sense for buyers to get in if they are able to negotiate a good deal from the few sellers who are willing to compromise on the price.

Guest · on *07 Jun 08 10:30 pm*

Guest · on *08 Jun 08 1:59 am*

Guest · on *08 Jun 08 9:33 am*

I read with interest the opposing camps sharing their views about the property market. I particularly do not like what Diva and his supporters write about prices falling soon and to hold back purchases. I always feel angry after looking at their posts. They are really pessimistic. But we all know what is going to happen soon.......... Property price will experience a sharp decline with so much uncertainties, problems and supply coming in.... Price will definitely drop. Period.

Guest · on *08 Jun 08 10:22 am*

Guest · on *08 Jun 08 10:28 am*

Guest · on *08 Jun 08 11:41 am*

Guest · on *08 Jun 08 11:44 am*

Guest · on *08 Jun 08 12:06 pm*

Guest · on *08 Jun 08 2:52 pm*

Guest · on *08 Jun 08 4:19 pm*

Price increasing for singapore property !

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

Price increasing for singapore property !