Price increasing for singapore property !

Guest · on *28 Jun 08 5:46 pm*

something like this every other day is not really helping, buddy... good luck!

Asian stocks tumble as Wall Street plunges, oil prices rise
Posted: 27 June 2008 1939 hrs

Photos 1 of 1

Traders at the Stock Exchange of Hong Kong.

HONG KONG : Asian stocks tumbled on Friday, with Shanghai plunging more than five per cent, Mumbai hitting a 13-month low and Tokyo feeling the bite as investors feared high oil prices and the weak US economy.

Markets opened with big losses after news that the New York Stock Exchange sank to its lowest point since September 2006.

That combined with oil prices hitting almost 142 dollars a barrel on Asian trading to send stocks down.

Crude costs were sent soaring after the president of OPEC said in an interview on Thursday that he could see prices hitting 170 dollars owing to a weak dollar and geopolitical problems.

In Tokyo, shares fell for a seventh straight day to a two-month low as investors followed Wall Street, while the biggest drop of the day was in Shanghai, where oil firms and car makers were hit by the rising oil prices.

Wall Street was rattled when a broker downgraded banking giant Citigroup and cool earnings were forecast from other US companies.

The fall in Tokyo came as the government announced core inflation had risen to 1.5 per cent, its fastest pace in a decade, on the back of soaring oil prices, while consumer spending fell.

Taipei lost more than three per cent as firms reacted badly to an interest rate hike that kicked in Friday.

Mumbai lost 4.3 per cent as oil prices also kicked in and inflation, at a 13-year-high, continued upwards.

The Wall Street phenomenon also led Seoul to close down 1.9 per cent, Hong Kong to shed 1.84 per cent, Sydney to fall shed 1.3 per cent and Singapore to lose 0.84 per cent.

In other markets Wellington dropped almost two per cent, while Manila was off 2.2 per cent.

However, Bangkok bucked the trend, closing up 0.17 per cent after the government survived a no-confidence vote. - AFP/ms

Guest · on *28 Jun 08 5:55 pm*

PROPERTY SSON GOING TO HIT MULTI YEAR LOWS.

Guest · on *28 Jun 08 6:03 pm*

NO WAY! IT WILL RISE AND RISE, THE FLOOR IS FIXED! THE DAYS OF SUB 500K CONDOS ARE OVER! HA! HA!

Guest · on *28 Jun 08 6:07 pm*

Guest · on *28 Jun 08 6:22 pm*

Guest · on *28 Jun 08 6:32 pm*

Guest · on *28 Jun 08 6:37 pm*

Guest · on *28 Jun 08 7:42 pm*

Guest · on *28 Jun 08 9:11 pm*

I feel this is the bottom for stock market.

Only way from here is up.

Property sentiment (which never really went down) will see an improved sentiment here on. Good time to buy before prices start their upward run again.

Guest · on *28 Jun 08 11:06 pm*

Guest · on *29 Jun 08 12:18 am*

Guest · on *29 Jun 08 12:31 am*

Guest · on *29 Jun 08 12:59 am*

Guest · on *29 Jun 08 1:26 am*

Those who bought lately probably can't wait but still get discount compare to 2 quarters back. For those who are not urgent, they will continue to wait for the price to fall further. The bigger developers should be coming in soon with good prices before the small developers get the market price to the lowest.

For those who bought high, their heart will break as the property value is dropping

Guest · on *29 Jun 08 1:38 am*

just know a couple lost 1 million on paper on only one condo !

Guest · on *29 Jun 08 2:09 am*

singapore property will fall soon. greedy property investment still want to earn unreasonable proverty profit from foreigners hah. stop dreaming. u hv internet and tv, dun u. see how the economic goes these days. even though spore increase his interest rate and currency, it will not last longer than a year. global economy fall, nobody want to invest in this little tiny country who do not have his own main production.

Price increasing for singapore property !

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Price increasing for singapore property !