Price increasing for singapore property !

Guest · on *15 Feb 08 4:36 pm*

how can property not cotinue to boom, even the govern drop estate duty with immediate effect..... a positive sign. for property growth..and strengthen the base level for property... for all diva, follower uncle... we are not asking you to buy, don't mistaken....whoever miss miss the boat will forever MISS the boat..... dun't worry u still can buy in at year 2118..... !!!

Guest · on *15 Feb 08 5:05 pm*

Followers only believe in rental lah... they think paying rental is smarter than paying mortage mah!! Laughing

They always hate ppl paying mortage lah! Laughing

Guest · on *15 Feb 08 5:15 pm*

Greenspan Says U.S. Economy Is on Edge of a Recession (Update1)

Feb. 15 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the U.S. economy is on the verge of its first recession in six years as falling home values hurt consumer spending.

``We are clearly on the edge,'' Greenspan told a group of energy-industry executives yesterday at the Cambridge Energy Research Associates' 27th annual CERAWeek conference in Houston. He reiterated comments from last month that the odds of an economic contraction are ``50 percent or better.''

Greenspan's view has evolved from a year ago, when he saw a one-in-three chance of a recession, citing slowing profit growth and becoming one of the first economists to warn of the risk. Now, Wall Street firms including Merrill Lynch & Co. and Goldman Sachs Group Inc. are forecasting a contraction in the aftermath of the worst housing downturn in a quarter century.

Fed Chairman Ben S. Bernanke, Greenspan's successor, acknowledged ``downside'' risks to the expansion yesterday, while telling lawmakers he expects growth to pick up later this year. He reiterated the central bank is prepared to take ``timely'' action to aid the economy as needed.

Treasuries rose, pushing the 10-year yield 1 basis point lower to 3.81 percent at 3:37 p.m. in Tokyo.

``While we are at stall speed in the U.S. at the moment, we haven't yet seen the discontinuity that characterizes recession,'' Greenspan said during a question-and-answer session yesterday. ``American business was in such extra-good shape before this problem hit. Otherwise we would be talking about how long and how deep. We are not there yet.''

Credit Availability

The lack of available credit ``hasn't been a major problem yet for American business,'' he added. Among consumers, though, spending has been slowed by falling home values, which leaves homeowners with less capital to borrow against, Greenspan said.

``Home prices will continue to weaken,'' the 81-year-old former Fed chief said. ``When a bubble breaks, you go to primordial fear.''

Separately, the former chairman, a Republican, gave a nod toward Republican presidential candidate John McCain, comparing him with ex-President Ronald Reagan. He made the remarks after his predecessor at the Fed's helm, Paul Volcker, last month endorsed Democratic candidate Barack Obama, the Illinois senator.

``John McCain has the same roots as Reagan, being a Goldwater Republican,'' Greenspan said. McCain, like the late Barry Goldwater, is a senator from Arizona. McCain ``is a conservative and has many of the same characteristics that Reagan did.''

Growth Forecast

Bernanke, 54, told the Senate Banking Committee yesterday that Fed officials lowered their forecasts for growth after the U.S. lost jobs in January, and declining home and stock values threatened consumer spending.

Economists predict economic growth will slow to a 0.5 percent pace in the first quarter from the annualized rate of 0.6 percent recorded in the previous three months, according to a Bloomberg News survey this month.

Traders anticipate the Fed will cut the benchmark interest rate by half a point, to 2.5 percent, by March 18, after 2.25 percentage points of reductions since September. Last month, policy makers reduced rates by 1.25 percentage point, the fastest easing of monetary policy in two decades.

Some Fed officials, such as Dallas Fed President Richard Fisher and Philadelphia Fed chief Charles Plosser, warned that the central bank must also monitor inflation as it lowers rates. Fisher said this month that rate cuts can have the potential to ``juice up inflation.''

No `Stagflation'

Faster inflation, combined with slower growth, is a condition known as stagflation, which throttled the U.S. economy in the 1970s.

``Stagflation is too strong a term for what we are on the edge of,'' Greenspan said yesterday. ``I trust we have enough sense to come up with policies to avoid that.''

He also told the group of energy-industry executives that a mandatory cap on carbon emissions ``will lead to lower levels of economic activity and significantly higher unemployment.''

Guest · on *15 Feb 08 5:40 pm*

we need follower to support the rental market....diva, uncle follower are the goldmine to our rental market...man...

Guest · on *15 Feb 08 6:22 pm*

basically these are good news for property....for those who know how to analysis the hinted goldmine will know.... not to talk too much later diva, uncle and follower all go and buy property.... shoot up another 30% in 2008 then we see all crab stories stories again....

Guest · on *15 Feb 08 7:12 pm*

we don't need 30% increase in 2008... 10% increase is more than enough for them to jump like HOT ANTS....

Guest · on *15 Feb 08 7:37 pm*

The Fed chief didn't sugarcoat the economy's problems and used crystal-clear language, something his famously Delphic predecessor Alan Greenspan often was loathe to do publicly. "The outlook for the economy has worsened in recent months," Bernanke, a former economics professor, told lawmakers.

People are tightening their belts and employers have slowed hiring. "We are going through a retrenchment, and that's a painful retrenchment," Bernanke said.

The big worry is that people and businesses will cut back sharply, throwing the economy into a recession. The odds of a recession have grown significantly over the last year. Some economists believe the economy, which nearly stalled in the final three months of last year, is shrinking now.

Many people -- 61 percent -- believe the U.S. is in a recession, according to a recent Associated Press-Ipsos poll.

Bernanke and Paulson are hopeful the country can skirt a recession. They still believe the economy is growing -- but at a slower pace

Guest · on *15 Feb 08 8:50 pm*

Guest · on *15 Feb 08 9:08 pm*

You mean you still holding on to your property?? Why never listen to your uncle last year keep telling ppl to "SELL.. SELL.. SELL.. all" & Followers also echo "SELL.. SELL.. SELL.. all"
Followers like you have doubt with your uncle hah!! Laughing

In fact I want to report to your uncle you still holding on to your property leh!! Laughing

Guest · on *15 Feb 08 9:13 pm*

Guest · on *15 Feb 08 9:52 pm*

Guest · on *15 Feb 08 9:54 pm*

Another irrelevant post by angry Ah Cow Laughing

Guest · on *15 Feb 08 10:02 pm*

Another smiling faces by poor followers Crying or Very sad

Guest · on *15 Feb 08 10:07 pm*

Wall Street is also expecting figures on industrial production, which could help indicate the degree to which the economy is slowing.

A slowing economy remains foremost in investors' minds. In testimony before the Senate Banking Committee on Thursday, Federal Reserve Chairman Ben Bernanke issued a sobering but not entirely unexpected prediction that economic growth in much of 2008 is likely to be "sluggish" before gathering strength later in the year. He also warned further losses were likely at banks from soured mortgages.

Guest · on *16 Feb 08 7:11 am*

Don't cut & paste so many leh... Followers read already will ball shrink one leh! Like than followers will forever stay at sideline... & continue watching ppl buy & sell leh!! Mr. Green

Guest · on *16 Feb 08 8:45 am*

Guest · on *16 Feb 08 9:36 am*

Confidence among American consumers slumped to the lowest level since 1992 and factory output failed to increase, indicating the damage from the housing contraction is pushing the economy toward a recession.

The Reuters/University of Michigan index of consumer sentiment fell to 69.6 in February from 78.4 the previous month. The Federal Reserve said manufacturing production was unchanged in January after two months of gains, while a gauge of activity at New York factories contracted this month.

``We're seeing a clear pattern of sudden weakening in both consumer and business confidence, which frankly is the sign of a recession,'' said James O'Sullivan, a senior economist at UBS Securities LLC in Stamford, Connecticut, who had the closest forecast for consumer sentiment in a Bloomberg News survey.

Guest · on *16 Feb 08 9:41 am*

A host of private residential projects have received provisional permission (PP) from Urban Redevelopment Authority in the fourth quarter of last year.

With a provisional permission (PP), the developer must commence construction with 6 months. However, many developers are in no hurry to launch their projects before Chinese New Year, due to the battered sentiment right now.

The private residential projects that received PP in the last quarter of 2007 included a new condo project to be coming up on the former Green Meadows site at Upper Thomson Road, other strata housing projects at Gilstead Road and Paya Lebar Crescent and a luxury high-end condo project at Marina Bay Suites.

Several luxury condo projects that have secured the Sale Licence and Building Plan Approval and were originally scheduled to be launched before Chinese New Year have been shelved until further notice.

These include 221-unit Marina Bay Suites, 176-unit Belle Vue Residences at Oxley Walk, 45-unit Ardmore Point at Ardmore Park, 100-unit L'VIV at Newton Road, and 228- unit Sentosa Quayside and 77-unit Shelford Suites.

The common answers to queries about the postponement of launches are that of the uncertainty in the global economy. Developers will have to monitor the situation before launching new housing projects.

Price increasing for singapore property !

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Price increasing for singapore property !