Price increasing for singapore property !

Guest · on *28 Jul 08 6:29 am*

Frustrated flippers roasted. Calling DIVA a mad dog. DIVA understands the turmoil they are going through. But fact remains ...40% downside.

Guest · on *28 Jul 08 7:05 am*

Don't misquote Diva. Great Sage Diva says that market will go down 20% within 5 years. So continue to sell and rent.

Guest · on *28 Jul 08 11:28 pm*

Guest · on *28 Jul 08 11:31 pm*

buy so expensive also die, don't buy continue to pay rent also die .... what to do ????

Guest · on *29 Jul 08 12:06 am*

Haha flippers getting mad at DIVA. A great sight to see.

Guest · on *29 Jul 08 12:17 am*

IMF Says U.S. Housing Slump End `Not Visible,' Credit to Worsen

By Christopher Swann

July 28 (Bloomberg) -- The International Monetary Fund said there's no end in sight to the U.S. housing recession and warned that deteriorating credit conditions for consumers and banks may prolong a period of slow economic growth.

``At the moment, a bottom for the housing market is not visible,'' the IMF said in its Global Financial Stability Report, released today in Washington. ``Stemming the decline in the U.S. housing market is necessary for market stabilization as this would help both households and financial institutions to recover.''

The IMF, which a year ago failed to foresee the depth of the subprime mortgage collapse, stood by its April forecast for about $1 trillion in losses stemming from the U.S. mortgage crisis. While U.S. policy makers have helped contain the financial losses, ``credit risks remain elevated'' and banks need to raise more capital.

Worldwide asset writedowns and losses have totaled $469 billion in the past year and $345 billion has been raised.

The Washington-based lender in the report said the Federal Reserve's decisions to expand lending to Wall Street firms ``have succeeded in containing systemic risks.'' Still, weakness in housing threatens to extend the slump.

``The growing concern is that, with delinquencies and foreclosures in the U.S. housing market rising sharply, and house prices continuing to fall, loan deterioration is becoming more widespread,'' the IMF said.

Falling share prices are making it harder for banks to raise capital, increasing the risk of a downward spiral in the global economy, the IMF said. The outlook for banks may make investors reluctant to provide fresh funds needed to restore the strength of financial institutions, the fund said.

Earnings `Difficulties'

``As economic growth slows, banks will face continued headwinds in maintaining earnings due to falling credit quality, declining fee income, high funding costs, and exposures to monoline and mortgage insurers,'' Jaime Caruana, director of the IMF's monetary and capital markets unit, said in a statement.

The fund warned that the frailty of the financial system would be increased by the failure of Fannie Mae and Freddie Mac, the two largest sources of U.S. mortgage financing. Shares of both companies are down more than 80 percent in the past year.

The U.S. Congress two days ago passed legislation to stem foreclosures for 400,000 homeowners and aid Fannie Mae and Freddie Mac, its most sweeping effort to halt the biggest housing slump since the Depression. President George W. Bush may sign the bill into law this week.

IMF economists said that the global holdings of Fannie Mae and Freddie Mac debt meant that ``there would have been systemic consequences had confidence in the debt come into question.''

New Regulator

The report said oversight of Fannie Mae and Freddie Mac was too weak. ``Part of the problem stems from the current regulatory framework, which has allowed their balance sheets to expand to their current systemic significance,'' the fund said.

For central bankers, the risks of inflation as well as weaker growth are rising, the IMF said.

On July 17 the IMF said inflation in developing and emerging countries would average 9.1 percent in 2008, up from a forecast of 7.4 percent in April. Their prediction for inflation in advanced economies for this year was raised to 3.4 percent, compared with a forecast of 2.6 percent in April.

``Policy trade-offs between inflation, growth and financial stability are becoming increasingly difficult,'' the fund said. ``With inflation risks on the rise, the scope for monetary policy to be supportive of financial stability has become more constrained.''

IMF economists said the duration of the turmoil in credit markets was testing the resilience of emerging markets, leaving investors wary of putting money in countries with rising inflation and large trade deficits.

``There are now clear signs that investors are becoming more cautious about adding to positions,'' the fund said. ``Outflows from emerging market equity funds have been concentrated on Asian markets where inflation and downside growth risks are most elevated.''

Guest · on *29 Jul 08 12:32 am*

Menu says -

Duck Roasted - $20
Pork Roasted - $10
Flipper Roasted - $5
Flipper Burnt - $2.50

I asked why flipper so cheap. The waiter replied oh too much supply lah...and in this type burnt also available.

Guest · on *29 Jul 08 1:13 am*

Guest · on *29 Jul 08 2:44 am*

so much burnt flippers they're using them as charcoal to burn even more flippers!

woooo hooooo! i really cannot wait for the day when it happens!

it's REVENGE TIME! ha! ha!

c'mon flipper, you seriously didn't think you're going to get the last laugh did you? wake up!

Guest · on *29 Jul 08 7:07 am*

crazy · Guest on *29 Jul 08 8:50 pm*

Guest · on *29 Jul 08 11:20 pm*

Guest · on *29 Jul 08 11:52 pm*

Guest · on *30 Jul 08 12:50 am*

Guest · on *30 Jul 08 12:51 am*

Guest · on *30 Jul 08 2:46 am*

Guest · on *30 Jul 08 5:38 am*

Another frustrated flipper stammering as he speaks. DIVA is King. 40% downside predicted and happening.

Guest · on *30 Jul 08 5:49 am*

MGM, Dubai Fall Behind on $3.5 Billion Loan for Las Vegas Plan

By Pierre Paulden and Jonathan Keehner

July 29 (Bloomberg) -- MGM Mirage and Dubai World are late in raising as much as $3.5 billion for their $11.2 billion CityCenter project in Las Vegas because banks saddled with debt to casinos and hotels are wary of making new loans.

Deutsche Bank AG and Credit Suisse Group, the Zurich-based bank that advised Dubai World last year when it invested $5.1 billion in MGM, are among the holdouts, bankers with knowledge of the matter said. Funding was supposed to be completed by the end of June, MGM Chief Financial Officer Daniel D'Arrigo told analysts in May. President James Murren said Frankfurt-based Deutsche Bank has been part of every MGM loan since 1998.

``No company in America is having an easy time doing bank deals right now,'' Murren said in an interview. ``There will be some banks that can't commit because they have a lot of exposure in the area or don't like the pricing.''

Deutsche Bank, the biggest German bank, hasn't yet made a decision on financing CityCenter, said spokesman John Gallagher in New York. ``We continue to evaluate the opportunity,'' he said. Duncan King, a New York-based spokesman for Credit Suisse, the second-largest Swiss bank, declined to comment.

``Wall Street firms are scrutinizing their extension of credit, particularly to the gaming industry, where the sentiment is pretty weak,'' said Michael Paladino, an analyst at Fitch Ratings in New York.

The amount of commercial and industrial loans from banks, plus short-term commercial paper, fell almost 3 percent during the past year to $3.27 trillion, according to data compiled by the Federal Reserve.

Norman Foster

Building the 76-acre ``city-within-a-city,'' designed by architects, including Norman Foster and Daniel Liebeskind, is costing Las Vegas-based MGM and Dubai about $100 million each per month, D'Arrigo said in May. MGM and Dubai World will raise at least $3 billion and may increase that to $3.5 billion to fund construction, MGM's Murren said on July 14.

Murren, 46, declined to comment on which banks have signed on for the deal or on its terms.

Bank of America Corp. is leading the fundraising and has commitments of as much as $2 billion from banks including UBS AG and Royal Bank of Scotland Plc, a banker involved in the deal said. Bank of America also is seeking financing from Middle Eastern and Asian banks, the banker said.

Louise Hennessy, a spokeswoman for Charlotte-based Bank of America, and UBS spokeswoman Rohini Pragasam declined to comment. Peter Ward, a spokesman for Edinburgh-based Royal Bank of Scotland, didn't return calls for comment. Officials at Dubai World, the investment company with $100 billion of assets that's owned by the emirate's government, didn't return calls.

Las Vegas Market

``Some international banks are seizing this as an opportunity to become larger within our family relationships,'' Murren said.

New York-based Citigroup Inc., which has taken $54.6 billion of writedowns, and Barclays Plc of London have passed on the deal, said a banker involved in the fundraising. Citigroup spokeswoman Brooke Berard and Barclays spokesman Brandon Ashcraft declined to comment.

The Las Vegas casino industry has been struggling with revenue falling 16 percent in May, the fifth straight monthly decline, amid near-record gasoline prices and rising unemployment in the U.S., according to the Nevada Gaming Control Board.

Deutsche Bank took over the $3.5 billion Cosmopolitan Resort & Casino in January after developer Ian Bruce Eichner defaulted on a loan. The Cosmopolitan, due to be completed next year, is on the Las Vegas strip near the Tropicana Resort & Casino, whose parent filed for bankruptcy protection in May.

Harrah's Debt Tumbles

Deutsche Bank, Credit Suisse and Citigroup provided financing for the $27 billion takeover of Las Vegas-based Harrah's Entertainment Inc. by leveraged buyout firms Apollo Management LP in New York and TPG Inc. of Fort Worth, Texas, in January. Harrah's $1.4 billion of 10.75 percent notes due in 2018 have fallen to about 70 cents on the dollar to yield 17 percent since the start of the year.

CityCenter, located between the Bellagio and Monte Carlo casinos, is different from its highly leveraged competitors, Murren said. The project, which is scheduled to open in late 2009, relies mainly on equity capital as opposed to debt. Dubai and MGM can increase their contributions to CityCenter if financing costs climb, he said.

Increasing the equity contribution would leave less capital for future projects and could lower MGM's credit rating, said Peggy Holloway, a senior credit officer at Moody's Investors Service in New York. Moody's put MGM's debt under review for downgrade earlier this month, reflecting the need to complete the CityCenter financing and the ``challenging operating environment in Las Vegas.'' MGM is rated Ba2, the second-highest junk rating.

``There was some belief'' that Las Vegas was recession- resistant, Holloway said. ``Clearly, that hasn't been the case.''

Guest · on *30 Jul 08 8:19 pm*

Guest · on *30 Jul 08 8:22 pm*

Price increasing for singapore property !

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

Price increasing for singapore property !