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Price increasing for singapore property !

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Price increasing for singapore property !

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Post08 Jul 08 10:37 am
This came in yesterday.... some boring old naysayer... who believe? HA! Yeah, right! The only way for our economy and properties is UP!


Global economy seeing its worst financial crisis in half a century
By Hoe Yeen Nie, Channel NewsAsia | Posted: 07 July 2008 2312 hrs




SINGAPORE : The world could be seeing its worst financial crisis in half a century, according to UOB Chairman Wee Cho Yaw. He added that it could take another two years before things stabilise.

The sub-prime mortgage crisis in the US, severe credit crunch, and unprecedented inflationary pressures have created what Mr Wee called the worst financial crisis he has seen in 48 years in the banking industry.

He said a prolonged recession in the US will threaten the global economy, which is already shaken by spiralling fuel and food prices.

Mr Wee was speaking after being conferred an honorary doctorate by the National University of Singapore on Monday.

He said, "This year marks my 48th year with UOB. During these 48 years, I have seen many economic crises, but I believe that this current financial crisis is the worst I've ever encountered.

"As I see it, the crux of the problem lies in the transformation of the financial industry and a corporate culture that encourages financial players to focus on short-term gains."

He noted that banks have branched out into exotic derivatives and structured products, amid increasingly competitive loans and thinning margins.

Financial institutions are estimated to have written down close to US$400 billion so far in losses related to the US sub-prime crisis.

But Mr Wee believes that is not the end of it. He said what is worrisome is that no one knows the full extent of off-balance sheet securities circulating in the financial markets.

He said, "This is what frightens me most - no one can tell me how much more will be written off because no one really knows the size of the CDO (collateralised debt obligations) market before its collapse."

He said it will take at least two years before the global economies see a reprieve. - CNA/ms
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Guest






Post08 Jul 08 3:27 pm
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink
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Guest






Post08 Jul 08 5:23 pm
The UK's FTSE 100 index lost more than 2% in early trade, dropping below 5,370 points and heading towards investors' definition of a "bear market".

A bear market is often defined as a 20% fall from the stock index's recent peak and is the opposite to a bull market.
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Guest






Post08 Jul 08 5:49 pm
Anonymous wrote:
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink



My hdb was sold almost 2 years ago, the condo deal closed 7 months ago.

i let everything go. And i am very happy i did.

i wish you luck on your sinking boat.

my eyes will open big big if you can sell it for the price you really want (and not the one you no choice but take)
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Guest






Post08 Jul 08 6:52 pm
i am mostly right and my advice to all is "this is a short term correction only"
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Guest






Post08 Jul 08 8:20 pm
Anonymous wrote:
Anonymous wrote:
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink



My hdb was sold almost 2 years ago, the condo deal closed 7 months ago.

i let everything go. And i am very happy i did.

i wish you luck on your sinking boat.

my eyes will open big big if you can sell it for the price you really want (and not the one you no choice but take)


I bought my condo 2 years ago, bought a HDB 7 mths ago.

I rent out my condo to my followers tenant who die die can't afford their dream low end condo. And i am very happy to stay in HDB.

Luckily I didn't sell both away. Firstly I got a place of my own to stay, Secondly my follower tenant is support servicing my condo loan ... in fact 2/3 rental for my mortage, 1/3 rental I pay for my car instalment.
Really! Follower tenant paying for everything! Laughing Laughing Laughing
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Guest






Post08 Jul 08 10:20 pm
i agree... in this market you follow you forever trapped
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Guest






Post08 Jul 08 10:40 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink



My hdb was sold almost 2 years ago, the condo deal closed 7 months ago.

i let everything go. And i am very happy i did.

i wish you luck on your sinking boat.

my eyes will open big big if you can sell it for the price you really want (and not the one you no choice but take)


I bought my condo 2 years ago, bought a HDB 7 mths ago.

I rent out my condo to my followers tenant who die die can't afford their dream low end condo. And i am very happy to stay in HDB.

Luckily I didn't sell both away. Firstly I got a place of my own to stay, Secondly my follower tenant is support servicing my condo loan ... in fact 2/3 rental for my mortage, 1/3 rental I pay for my car instalment.
Really! Follower tenant paying for everything! Laughing Laughing Laughing


how can you own a private property then buy a HDB? i tried personally but cant do it....hmmmm....it draws some doubts over your statements
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Guest






Post08 Jul 08 10:42 pm
Anonymous wrote:
i am mostly right and my advice to all is "this is a short term correction only"


Ya agree with you. Everyone is expecting a crisis means a crisis won't come. Everyone is not expecting properties to go up, it will go up suddenly. Happens again and again and again and ag........ Laughing Laughing Laughing
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Guest






Post08 Jul 08 11:44 pm
Wah OIL at 135$. Down 6$ today. Good news.
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Guest






Post09 Jul 08 12:46 am
Anonymous wrote:
Wah OIL at 135$. Down 6$ today. Good news.


Ya everybody expecting oil to go up means won't go up. Everyone is not expecting properties to go up, it will go up suddenly. Happens again and again and again and ag........ Laughing Laughing Laughing
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Guest






Post09 Jul 08 8:12 am
Anonymous wrote:
Wah OIL at 135$. Down 6$ today. Good news.


Wow!! u drink Oil meh! Petrol will not Down $6 if you pump leh!!
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Guest






Post09 Jul 08 9:01 am
Hurray...market UP....oil DOWN!!! which means property UP!!! Soon we can sell....Huray!!!
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Guest






Post09 Jul 08 9:01 am
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink



My hdb was sold almost 2 years ago, the condo deal closed 7 months ago.

i let everything go. And i am very happy i did.

i wish you luck on your sinking boat.

my eyes will open big big if you can sell it for the price you really want (and not the one you no choice but take)


I bought my condo 2 years ago, bought a HDB 7 mths ago.

I rent out my condo to my followers tenant who die die can't afford their dream low end condo. And i am very happy to stay in HDB.

Luckily I didn't sell both away. Firstly I got a place of my own to stay, Secondly my follower tenant is support servicing my condo loan ... in fact 2/3 rental for my mortage, 1/3 rental I pay for my car instalment.
Really! Follower tenant paying for everything! Laughing Laughing Laughing


how can you own a private property then buy a HDB? i tried personally but cant do it....hmmmm....it draws some doubts over your statements


You damn young kok leh!!
I bought resale HDB lah! Laughing Laughing Laughing
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Guest






Post09 Jul 08 9:19 am
Singapore's Economic Growth Probably Slowed on Manufacturing

By Shamim Adam

July 9 (Bloomberg) -- Singapore's economy probably grew at the slowest pace since 2003 in the second quarter as manufacturing contracted and inflation at a 26-year high constrained spending.

Gross domestic product expanded 3.2 percent from a year earlier, after growing 6.7 percent in the previous three months, according to the median estimate of 18 economists in a Bloomberg survey. The government will release the data at 8 a.m. tomorrow.

Asian nations face weaker growth this year as a slowdown in the U.S., the region's largest export market, hurts demand for Chartered Semiconductor Manufacturing Ltd. chips and Hyundai Motor Co. cars. Surging fuel and food costs have also left consumers at home and abroad with less to spend.

``There is generally a slowdown in the global market and Singapore is a country which is not likely to avoid that impact,'' said Chetan Ahya, managing director for research at Morgan Stanley in Singapore.

Growth in Asia's emerging economies may slow to about 7 percent this year from 8.7 percent in 2007, according to the Asian Development Bank. Singapore is the first country in Asia to release second-quarter figures, and weaker expansion in the island may herald a similar slowdown throughout the region.

South Korea's President Lee Myung Bak said July 7 he may cut his growth target for the next two years because of turmoil in financial markets and soaring energy prices. The government has trimmed its 2008 estimate to 4.7 percent from 6 percent.

Malaysia's central bank has said growth in 2008 may be about 5 percent, at the lower end of the 5 percent-to-6 percent range forecast in March. It plans to revise its estimates for Southeast Asia's third-largest economy later this month.

Xbox Chips

Singapore's economy probably shrank an annualized 0.6 percent in the three months to June, after expanding 14.6 percent the previous quarter, according to the median forecast of 13 economists in the Bloomberg survey. That would be the second contraction in three quarters.

Singapore's electronics shipments have declined each month since February 2007, and the government predicts the island's annual export performance this year may be the worst since 2002.

Chartered Semiconductor, which makes chips used in Microsoft Corp.'s Xbox 360 console, has dropped 27 percent on the Singapore stock exchange this year. CLSA Ltd. and BNP Paribas SA this month cut their earnings and share-price estimates for the company.

Production of drugs and other biomedical products fell in April and May, leading to the biggest decline in industrial output in at least two years. Manufacturing accounts for a quarter of Singapore's economy.

Inflation Rate

The island's inflation rate rose to 7.5 percent in the first two months of the quarter, driven by soaring oil, rice and wheat prices. That's forced consumers to spend more on food and fuel and caused purchases of clothing, furniture and recreational goods to decline.

The government expects Singapore's $132 billion economy to grow between 4 percent and 6 percent in 2008, slowing from an expansion of 7.7 percent last year.

Growth may rebound in the second half, helped by a recovery in manufacturing output and demand for services and construction, said Robert Prior-Wandesforde, an economist at HSBC Holdings Plc in Singapore.

Singapore is building a new subway line and two casino- resorts, and the government has handed out cash to citizens to help them cope with rising prices. The city-state added a record 73,200 jobs in the first quarter, mainly in services and construction, and average monthly wages climbed 11 percent from a year earlier.

Bank Lending

``Double-digit employment and wage growth, negative real interest rates, which have contributed to 20 percent bank- lending growth, and sizeable fiscal support suggests we shouldn't get too concerned about the underlying growth picture,'' Prior-Wandesforde said.
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Guest






Post09 Jul 08 2:28 pm
PAP
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Guest






Post09 Jul 08 4:52 pm
Anonymous wrote:
i am mostly right and my advice to all is "this is a short term correction only"



Put your name down n your contact no ... and since you are always right you should be the main man for TEMASEK so that they can always have the right investment rather than big time losing money in the foreign bank investment. You said this is a short temn correction .. but how short? Put a time frame n to wat extend the correction will be ... and please dun just bull s*** here......
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Guest






Post09 Jul 08 4:59 pm
i am diva ninja and i tell you this, "the CDO crisis means no one knows how big the hole is". it only means more uncertainty in the markets. it does not mean doom. it means opportunities.
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Guest






Post09 Jul 08 5:16 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink



My hdb was sold almost 2 years ago, the condo deal closed 7 months ago.

i let everything go. And i am very happy i did.

i wish you luck on your sinking boat.

my eyes will open big big if you can sell it for the price you really want (and not the one you no choice but take)


I bought my condo 2 years ago, bought a HDB 7 mths ago.

I rent out my condo to my followers tenant who die die can't afford their dream low end condo. And i am very happy to stay in HDB.

Luckily I didn't sell both away. Firstly I got a place of my own to stay, Secondly my follower tenant is support servicing my condo loan ... in fact 2/3 rental for my mortage, 1/3 rental I pay for my car instalment.
Really! Follower tenant paying for everything! Laughing Laughing Laughing


how can you own a private property then buy a HDB? i tried personally but cant do it....hmmmm....it draws some doubts over your statements


You damn young kok leh!!
I bought resale HDB lah! Laughing Laughing Laughing


since when a resale or new HDB makes a difference? go check with HDB before you post ok.
Reply with quote
Guest






Post09 Jul 08 6:17 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Guest wrote:
I made $150 k from the sale of my flat, and just sold my condo and made another $100k. Now I'm renting.

Yes I'm waiting. I'm making "angry" statements because I want to warn people. My intentions are good. My comments are based on Strong Economics REALITIES.

Singaporeans are in a serious case of EMPEROR'S NEW CLOTHES. Can't you see the King is Naked?

Sub prime + inflation + oil prices + stagnant growth + desperate govt...

look at it this way - we're putting BILLIONS into buying banks OVERSEAs.

That's how much confident we have in our own banks. how much confidence we have in investing in our own country.

Please wake up. Think. Do something.

I am Pro-Government, they've done a fantastic job so far... but i really feel they are so good at their jobs being such great parents, that the people became very spoilt, like spoilt rich kids, greedy and uneducated, have no idea how big the world is, and can only think inside this little safe box.

LEARN TO FIGHT. LEARN TO COMPETE. STAND UP ON YOUR OWN TWO FEET! GROW UP! SINGAPORE! IT'S TIME TO GROW UP!



wah u so clever selling your hdb and condo making $250000 hah.... no wonder we got so many angry frog here shouting for help for high rental.....no wonder not just foreigner competing for house, even local like u also riding on high rental.... NO WONDER MY SINKING BOAT CLOSED TWO EYES ALSO GOT PPL TAKE...... Wink



My hdb was sold almost 2 years ago, the condo deal closed 7 months ago.

i let everything go. And i am very happy i did.

i wish you luck on your sinking boat.

my eyes will open big big if you can sell it for the price you really want (and not the one you no choice but take)


I bought my condo 2 years ago, bought a HDB 7 mths ago.

I rent out my condo to my followers tenant who die die can't afford their dream low end condo. And i am very happy to stay in HDB.

Luckily I didn't sell both away. Firstly I got a place of my own to stay, Secondly my follower tenant is support servicing my condo loan ... in fact 2/3 rental for my mortage, 1/3 rental I pay for my car instalment.
Really! Follower tenant paying for everything! Laughing Laughing Laughing


how can you own a private property then buy a HDB? i tried personally but cant do it....hmmmm....it draws some doubts over your statements


You damn young kok leh!!
I bought resale HDB lah! Laughing Laughing Laughing


since when a resale or new HDB makes a difference? go check with HDB before you post ok.


think if you own a condo and try to buy a new one application will be reject. If you own a condo and try to buy a resale if don't apply for housing grant and live in resale then ok. If you own a condo and try to buy a resale and don't apply for housing grant but rent out the resale then not ok. if you don't own a condo and try to buy a HDB then you shouldn't be in this forum. Confused
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