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 18 Jul 08 8:59 pm |
| thank you. you have a kind soul |
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20 Jul 08 12:46 am |
| the unbelievable has happened in singapore, property price is still holding up strongly even US recession..... with policy to increase the singapore population to 6million....the unbelievable is coming true anytime in the near future.....!!! |
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20 Jul 08 1:46 pm |
| if there is a red cliff in singapore, i will jump off it |
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20 Jul 08 2:50 pm |
| Anonymous wrote: | | the unbelievable has happened in singapore, property price is still holding up strongly even US recession..... with policy to increase the singapore population to 6million....the unbelievable is coming true anytime in the near future.....!!! |
Pity the optimist flipper.
Long LIve King Diva!!! |
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20 Jul 08 7:08 pm |
| Anonymous wrote: | | thank you. you have a kind soul |
Don't act blur again leh!
You own a house or not hah??
I'll be you taker leh!!
I always know that followers are good in diverting attention when they can't answer to even a very simple question!  |
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20 Jul 08 7:49 pm |
| Anonymous wrote: | | thank you. you have a kind soul |
Kind also no useless... whenever I ask followers whether they own a house... forever I couldn't get the answer one! 
I'm thinking that followers alway asking ppl to SELL.. but they themselves are not selling theirs...
That's why I always said... Followers always have doubt with CONMAN DIVA crash stories!! |
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20 Jul 08 8:43 pm |
| Anonymous wrote: | | Anonymous wrote: | | the unbelievable has happened in singapore, property price is still holding up strongly even US recession..... with policy to increase the singapore population to 6million....the unbelievable is coming true anytime in the near future.....!!! |
Pity the optimist flipper.
Long LIve King Diva!!! |
Hail the King |
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21 Jul 08 2:04 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | the unbelievable has happened in singapore, property price is still holding up strongly even US recession..... with policy to increase the singapore population to 6million....the unbelievable is coming true anytime in the near future.....!!! |
Pity the optimist flipper.
Long LIve King Diva!!! |
Hail the King |
told u so many times, singapore property investment is not for DIVA MISS the BOAT....small fly like u.....u are more suitable to invest in Batam....country side area.... |
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21 Jul 08 6:55 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | the unbelievable has happened in singapore, property price is still holding up strongly even US recession..... with policy to increase the singapore population to 6million....the unbelievable is coming true anytime in the near future.....!!! |
Pity the optimist flipper.
Long LIve King Diva!!! |
Hail the King |
told u so many times, singapore property investment is not for DIVA MISS the BOAT....small fly like u.....u are more suitable to invest in Batam....country side area.... |
Just invest in a 4 room HDB in one of those new estates. It's still quite affordable to them. After 20 years then they can think of investing in a low end condo. |
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21 Jul 08 7:10 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | the unbelievable has happened in singapore, property price is still holding up strongly even US recession..... with policy to increase the singapore population to 6million....the unbelievable is coming true anytime in the near future.....!!! |
Pity the optimist flipper.
Long LIve King Diva!!! |
Hail the King |
Long Live The King |
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21 Jul 08 10:09 pm |
As usual, watch what I said over 10-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 (around 2800 level)... thats isn't much adjustment to our property market! 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!  |
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22 Jul 08 12:07 am |
| my private property valuation increased in this month.....how to sell cheap ... even local and foreign banks have increased my property valuation ???? |
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23 Jul 08 11:20 pm |
| correct for a good location property... not to worry about sentiment... in a longer run... it will still be higher.... |
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24 Jul 08 5:03 am |
| upside is back..... |
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24 Jul 08 7:04 am |
| DIVA says its a mirage. Prices will go down 40% by 2010. |
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24 Jul 08 7:09 am |
I say Diva is still in denial. Wake up Diva. Don't mislead your followers further. Market going up means going up. Fact is fact. Don't argue.
Anyway Diva said down 20% by 2013 NOT 40% by 2010. Don't keep changing your words Diva. |
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24 Jul 08 7:11 am |
| Anonymous wrote: | As usual, watch what I said over 10-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 (around 2800 level)... thats isn't much adjustment to our property market! 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! |
Hello you damn kok, when STI go above 2800 we watch what you say now dropping to 2800 also watch what you say ...please don't twist and turn your words lor......useless piece of shit...please go back to Desker Road |
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24 Jul 08 8:49 am |
OVERSUPPLY WORSE THAN EXPECTED?
There is a distinct possibility of lower prices with so many developments set to be completed at the same time
Colin Tan
RECENT arguments against earlier predictions of a private housing oversupply are overblown, and cannot be further from the truth. In fact, those predicting an oversupply are probably understating their case. How bad the market fares will depend on the economy. But, leaving the economic factor aside, demand and supply factors alone dictate that
the market has to correct in a significant way.
But before we go into that, let us examine the construction bottleneck argument. It is claimed, with justification, that this will result in significant delays to future supply. By one industry estimate, only 60 per cent of the 30,000 units forecasted will be completed as scheduled.
But when does completion date matter when new units these days are sold off-plan, even before construction starts? What will impact prices is surely the timing of the sale. Nothing can prevent all 30,000 units from flooding the market within the next 12 months if developers choose to launch. By the same token, nothing can force developers to sell if they don’t want to.
It is easy to forget that there was very little new supply from September last year to May this year. But, in a matter of weeks, this number has probably tripled, or evenquadrupled. A friend with an avid interest in properties remarked to me recently that he will need a few months just to visit all the show units.
And while some have predicted a 30-to-40 per cent price correction for the luxury/upper-tier segment, it is interesting to note that this segment actually saw far fewer launches in the past weeks. So, in the current market, the luxury/upper tier segment actually faces less competition and hence, less pressure to lower prices. However, it does not mean it is in a healthier position, as buying for this segment has dwindled to a trickle.
When does completion actually matter in the housing demand and supply equation? I would say, it is when the market is investor-dominated. When buying is mainly done by owner-occupiers, the moment a unit is sold, it istaken out of the supply equation. Supply gets depleted. This was the situation in the past. We determine whether the market is oversupplied or not by the amount of units left unsold versus potential demand.
But, when the market is investor-dominated, sold units held by investors remain in the supply equation as investors need to sell onward to owner-occupiers or have them tenanted.
By my conservative estimates, more than 50 per cent of the units sold in 2006 to 2007 were bought by investors. This is because the high prevailing prices then were beyond the affordability of most owner-occupiers. This is supported by a recent National University of Singapore study which showed that the affordability of owner-occupiers for private housing has declined significantly in recent years.
Some projects, such as The Sail at Marina Bay, Marina Bay Residences and One Shenton, as well as those on Sentosa island, will most definitely have a higher proportion of investor buyers — as high as 60 to 80 per cent — because there are few of the amenities nearby, such as schools, which are usually desired by owner-occupiers, unless a case can be made out that the majority of units are holiday homes for the super-rich, or are bought by singles. For singles, their level of affordability is even lower.
Between the second quarter of 2006 and third quarter of 2007, developers sold an astounding 22,651 units. This translates to an annual average pace of about 15,100 units, or about double the long-term average absorption rate of about 7,000 to 8,000 units. Conservatively, this means atleast 12,000 “sold” units remain in the supply equation.
When these investor-owned units are completed, someone has to occupy them. If rentals then cannot cover mortgage payments and if owners are highly-geared, they will have to contemplate selling the units sooner or later. If more owners are in the same predicament, thecompetition to sell will result in lower prices.
The writer is head of research at Chesterton International.
From TODAY - July 24, 2008 |
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Guest
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24 Jul 08 8:37 pm |
| a big squeeze in the stock market is on its way |
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