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 19 Feb 08 7:28 pm |
| Anonymous wrote: | | March 18, April 30 and Jun 28, 2008 is the turning point of singapore property market with another 3 more interest rate cut, couple with en-bloc getting their payment, all TOP and HDB flat will start to pickup slowly in the next few months....those foreigner who join the singapore market force in 2006 who are staying in the private property contracts will end in the coming 1st, 2nd, 3rd and fouth quarter 2008.... Their contract will most likely to be extended by the company due to their specialise skill set and tide labour markets. This group of foreigner being working in singapore for two years will find singapore is a good place where they can stay in for good and long term. If they will to rent for another 2-3 or 5 years, they will find that owning their own apartment make more economic sense. They will buy into the singapore property markets. So those newly TOP private apartment will be their choice of selection. . watchout what i say..... |
Just a reminder, when the project reaches TOP the current owners have to make their progression payment.....
3 possible worst case scenario:
a. property market weakens and the unit cannot be leased out? $4.5k per month of loan + other miscellaneous costs (monthly maintenance, property tax, etc) is not a light burden
b. loan interest rates increase by just 1%? Your monthly repayments grow accordingly (especially for larger loan amounts compounded over a long loan tenure) easily by another $500 to $1,500.
c. the property market stagnates? The property (freehold or not) will depreciate in value |
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19 Feb 08 7:38 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | Aiyoh, silly greedy flippers.... I've already laughed all the way to the bank since 2007  Hope u wont hv sleepless nites in months to come! |
Oh! no wonder now you so desparate hoping for another buy now!!
Why! You also believe property is good long term investment hah!!
Otherwise don't hv to cut & paste so many, hoping to see market down mah!!
But since you so pessimistic with the market now, My advise to ball shrinker like you just stay at sideline & watch ppl do the buying & selling lah!! |
Aiyoh, only fools will buy at high price, hoping to make big gains...then come TOP cannot pay up, desperate to offload!!! |
Aiyo, why you so bother whether can pay up or not... only followers very bothered if ppl can pay up!
Oh! so you must a followers hah!! Haven't go MIA hah!! Still waiting for your turn hah!! Poor followers... |
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19 Feb 08 7:49 pm |
[quote="Anonymous"] | Anonymous wrote: | | March 18, April 30 and Jun 28, 2008 is the turning point of singapore property market with another 3 more interest rate cut, couple with en-bloc getting their payment, all TOP and HDB flat will start to pickup slowly in the next few months....those foreigner who join the singapore market force in 2006 who are staying in the private property contracts will end in the coming 1st, 2nd, 3rd and fouth quarter 2008.... Their contract will most likely to be extended by the company due to their specialise skill set and tide labour markets. This group of foreigner being working in singapore for two years will find singapore is a good place where they can stay in for good and long term. If they will to rent for another 2-3 or 5 years, they will find that owning their own apartment make more economic sense. They will buy into the singapore property markets. So those newly TOP private apartment will be their choice of selection. . watchout what i say..... |
Just a reminder, when the project reaches TOP the current owners have to make their progression payment.....
3 possible worst case scenario:
a. property market weakens and the unit cannot be leased out? $4.5k per month of loan + other miscellaneous costs (monthly maintenance, property tax, etc) is not a light burden
That you don't have to worry when comes to rental market at current situation!! Many followers like you prefer to rent rather than buy!! So demand still very good!
b. loan interest rates increase by just 1%? Your monthly repayments grow accordingly (especially for larger loan amounts compounded over a long loan tenure) easily by another $500 to $1,500.
Bank interest rate is coming down, so again you don't have to worry! S'pore interest rate is very competitive compare to any other countries... if because of interest rate in S'pore, than you better don't buy properties in here!
c. the property market stagnates? The property (freehold or not) will depreciate in value
That you lagi do have to worry... we see properties as long term investment... if is freehold, 5 yrs... 10 yrs... lagi no problem.
Car will depreciate but properties won't |
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20 Feb 08 9:36 am |
| Anonymous wrote: | | Anonymous wrote: | | March 18, April 30 and Jun 28, 2008 is the turning point of singapore property market with another 3 more interest rate cut, couple with en-bloc getting their payment, all TOP and HDB flat will start to pickup slowly in the next few months....those foreigner who join the singapore market force in 2006 who are staying in the private property contracts will end in the coming 1st, 2nd, 3rd and fouth quarter 2008.... Their contract will most likely to be extended by the company due to their specialise skill set and tide labour markets. This group of foreigner being working in singapore for two years will find singapore is a good place where they can stay in for good and long term. If they will to rent for another 2-3 or 5 years, they will find that owning their own apartment make more economic sense. They will buy into the singapore property markets. So those newly TOP private apartment will be their choice of selection. . watchout what i say..... |
Sounds more like an uneducated guess than a credible analysis...especially given the poor command of English! Must be some desperate agent... |
what to do, ppl MISS the BOAT, so many steps behing, FOLLOWER too slow cannot catch up with society.... see ppl make money...nothing to talk, so talk about others not educate loh |
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20 Feb 08 10:14 am |
Estate duty removal will draw foreign and local funds into S'pore
Julia Ng
Channel NewsAsia
Tuesday, 19 February 2008, 1922 hrs
Wealthy people aside, fund managers and the financial sector have welcomed the Government's decision at last Friday's Budget sitting to remove the Estate Duty with immediate effect.
They said this will attract the super rich to not only invest in Singapore, but also relocate here.
Estate duty affects properties worth over S$9 million as well as those with more than S$600,000 in non-property based assets like cash, stocks and even expensive cars.
Surviving family members of the deceased must also bear the annoyance of having the authorities carry out checks on whether the estate should be taxed.
But this will not happen anymore.
Finance Minister Mr Tharman Shanmugaratnam revealed at the Budget 2008 that on average, Singapore collected about S$75 million per year from estate duty.
But experts think its removal could potentially bring in funds worth 1,000 times that.
Philip Overmyer, Chief Executive of Singapore International Chamber of Commerce, said: "It's not a huge tax revenue for the government, and we think it makes things much simpler and easier and more predictable for people with a lot of money that want to come here and bring some of it with them.”
“We think it'll attract more people with larger wealth, and we think it's more equitable for the companies and people with high assets which are not property-based," he continued.
International wealth management experts, like UBS, have started receiving calls from foreign investors on possible fund relocation to Singapore.
Bill Lexmond, Managing Director of Wealth Planning Consultant, UBS, said: “It's not just to get people's money into Singapore but to get them here as well. You can say that there's one less reason for anyone to have concern about coming to Singapore."
Associate Professor Eugene Tan from the School of Law at the Singapore Management University, said: “It's not just about removing estate duty that we'll have wealthy people coming here to park their money, to set up philanthropic foundations and all. So the effects have yet to be seen but I think going forward, the larger concern really was the government felt this was a way of trying to attract people into Singapore.”
“This is the place that values your investment and because society has been receptive towards wealthy people parking their money here. The idea is that we hope these wealthy individuals will then share some of the wealth that they have and so the whole idea of trying to get people to feel for the community that they're in."
The removal of estate duty may be getting a lot of attention but wealth managers said the announcement of a new tax incentive scheme for family-owned investment holding companies is more significant.
The scheme will allow such companies to enjoy the same scope of exemptions that individuals currently enjoy on Singapore and foreign-sourced investment income.
This is because rich Singapore family enterprises which have been investing their money overseas to avoid paying taxes, like the estate duty may now relocate their funds back home to be managed here.
Mr Lexmond said it'll take up to two years before such policy changes can result in a huge inflow of funds |
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20 Feb 08 10:21 am |
| now followers will try to find fault in CNA and those professor liao hahaha |
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20 Feb 08 10:43 am |
| Anonymous wrote: | | Anonymous wrote: | | March 18, April 30 and Jun 28, 2008 is the turning point of singapore property market with another 3 more interest rate cut, couple with en-bloc getting their payment, all TOP and HDB flat will start to pickup slowly in the next few months....those foreigner who join the singapore market force in 2006 who are staying in the private property contracts will end in the coming 1st, 2nd, 3rd and fouth quarter 2008.... Their contract will most likely to be extended by the company due to their specialise skill set and tide labour markets. This group of foreigner being working in singapore for two years will find singapore is a good place where they can stay in for good and long term. If they will to rent for another 2-3 or 5 years, they will find that owning their own apartment make more economic sense. They will buy into the singapore property markets. So those newly TOP private apartment will be their choice of selection. . watchout what i say..... |
Sounds more like an uneducated guess than a credible analysis...especially given the poor command of English! Must be some desperate agent... |
ok lah, you educate ppl, you good command of english.....u everything good.....but still MISS the boat.......ppl like you only FOLLOWER, MISS the BOAT, ONLY know how to see ppl forecast and comments on ppl uneducate.... no matter how good is your english, how educated you are, you still dun have your own stand how the market proceed from now, cannot forsee the future, ONLY FOLLOWER...FOLLOW ppl BACKSIDE !!!  |
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20 Feb 08 11:29 am |
| Anonymous wrote: | | Anonymous wrote: | | March 18, April 30 and Jun 28, 2008 is the turning point of singapore property market with another 3 more interest rate cut, couple with en-bloc getting their payment, all TOP and HDB flat will start to pickup slowly in the next few months....those foreigner who join the singapore market force in 2006 who are staying in the private property contracts will end in the coming 1st, 2nd, 3rd and fouth quarter 2008.... Their contract will most likely to be extended by the company due to their specialise skill set and tide labour markets. This group of foreigner being working in singapore for two years will find singapore is a good place where they can stay in for good and long term. If they will to rent for another 2-3 or 5 years, they will find that owning their own apartment make more economic sense. They will buy into the singapore property markets. So those newly TOP private apartment will be their choice of selection. . watchout what i say..... |
Sounds more like an uneducated guess than a credible analysis...especially given the poor command of English! Must be some desperate agent... |
why BACKSIDE FOLLOWERS go MIA, not dare to show up any more ? busy go round the world to educate ppl |
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20 Feb 08 3:36 pm |
| Anonymous wrote: | | March 18, April 30 and Jun 28, 2008 is the turning point of singapore property market with another 3 more interest rate cut, couple with en-bloc getting their payment, all TOP and HDB flat will start to pickup slowly in the next few months....those foreigner who join the singapore market force in 2006 who are staying in the private property contracts will end in the coming 1st, 2nd, 3rd and fouth quarter 2008.... Their contract will most likely to be extended by the company due to their specialise skill set and tide labour markets. This group of foreigner being working in singapore for two years will find singapore is a good place where they can stay in for good and long term. If they will to rent for another 2-3 or 5 years, they will find that owning their own apartment make more economic sense. They will buy into the singapore property markets. So those newly TOP private apartment will be their choice of selection. . watchout what i say..... |
My forcast of interest rate is the same as advertise on the business time today.  |
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20 Feb 08 3:41 pm |
| Anonymous wrote: | | now followers will try to find fault in CNA and those professor liao hahaha |
No lah!! Educated followers will just continue flipping US paper looking for more bad new then come back to cut & paste lah!! |
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20 Feb 08 9:19 pm |
[quote="Anonymous"] | Anonymous wrote: |
c. the property market stagnates? The property (freehold or not) will depreciate in value
That you lagi do have to worry... we see properties as long term investment... if is freehold, 5 yrs... 10 yrs... lagi no problem.
Car will depreciate but properties won't |
Rental worst!!!
You spend $30k x 30yrs on rental = $900k
You don't even get a single cent when you leave the house.. 
If I spend $900k on mortage incl. interest & maintenance etc.. let say I sold my house for $600k, all $600k will goes into my pocket even if I lose on interest..  |
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20 Feb 08 10:02 pm |
(SINGAPORE) A sharp and deep recession in the United States will hit Asian economies, warned Heng Swee Kiat, managing director, Monetary Authority of Singapore (MAS), yesterday.
Mr Heng: The short-term outlook for Asia remains generally positive
And in his first public comment on the global financial turmoil, Mr Heng said the credit crisis has now started to have an impact on the real economy |
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20 Feb 08 11:17 pm |
| of cos he must say that Asia will be good. managing director of MAS ok! he will never say that spore will go kaput. |
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20 Feb 08 11:59 pm |
As what i have said before and stated in the begining, US recession has created a non-bubble long term growth in singapore property market.... just imagine if US will to has another 2 or more years of fire strong growth, with a yearly 30% in 2007 and follow through into 2008, 2009..... or more... what will happen to singapore property market ?
For those who have invested in 2005, as a long term investor, i am happy to see this senario, take a breath and rest first, there are still a long way to go... man....
Attn: follower and miss the boat ppl ... not to be mistaken, this is not the cup of tea for u, ppl make money in property investment, don't means that u can make money in property invest.... because you are not the truth beliver of this simple 8 english words PROPERTY. For those foreigner, you know why property come in only 8 words ? not 7 or 9... because as a chinese, we are the TRUTH BELIEVER of this number 8 in chinese to make us (FAR) (FAR) (FAR) .... means RICH....!!!!
Follwers and miss the boat will forever not understands what i say because i dunt write good english, they only read high level "CUT and PASTE" news from CNN or others news source..... watch out what i say.... thank you for your time |
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21 Feb 08 9:32 am |
| Anonymous wrote: | As what i have said before and stated in the begining, US recession has created a non-bubble long term growth in singapore property market.... just imagine if US will to has another 2 or more years of fire strong growth, with a yearly 30% in 2007 and follow through into 2008, 2009..... or more... what will happen to singapore property market ?
For those who have invested in 2005, as a long term investor, i am happy to see this senario, take a breath and rest first, there are still a long way to go... man....
Attn: follower and miss the boat ppl ... not to be mistaken, this is not the cup of tea for u, ppl make money in property investment, don't means that u can make money in property invest.... because you are not the truth beliver of this simple 8 english words PROPERTY. For those foreigner, you know why property come in only 8 words ? not 7 or 9... because as a chinese, we are the TRUTH BELIEVER of this number 8 in chinese to make us (FAR) (FAR) (FAR) .... means RICH....!!!!
Follwers and miss the boat will forever not understands what i say because i dunt write good english, they only read high level "CUT and PASTE" news from CNN or others news source..... watch out what i say.... thank you for your time |
Followers and miss the boat just do what they are good at but nothing else, cutting and pasting bad news report  |
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21 Feb 08 10:31 am |
Recession Watch: Inflation Rears Its Head
The market has been preoccupied with the Fed's interest rate cuts, the health of the housing sector, and prospects for the broader U.S. economy. But new record highs reached Feb. 19 in crude oil and other commodities remind us that our old foe, inflation, may be ready to seize the spotlight yet again. Here is a roundup of what some Wall Street economists and strategists -- and Fed officials -- have to say about the current situation on Feb. 19, as compiled by Standard & Poor's MarketScope and BusinessWeek staff:
Inflation will weigh on the consumer -- and the economy
Dan Laufenberg, chief economist, Ameriprise Financial (NYSE:AMP - News)
Although it appears that the U.S. economy started the year disappointingly sluggish, it is too soon to declare that it is in recession. In fact, real gross domestic product is still expected to grow 3.3% over the four quarters of 2008, which means that any shortfall in first-quarter growth will be offset by stronger growth over the remainder of the year. With the substantial amount of monetary stimulus from the Federal Reserve already in place and the $168 billion of fiscal stimulus expected to be in place by midyear, a rebound in economic growth in 2008 seems very reasonable. If the economy is not in recession, then already intense inflationary pressures never subside, putting the survival of the expansion at risk.
For over a year, I have argued that a recession was coming and that it probably would start in 2009 at the earliest. I also argued that it would be an inflation-induced, consumer-led recession. I continue to believe this will be the case.
Inflation worries hit Treasuries
Tony Crescenzi, chief bond market strategist, Miller Tabak
The yield on the 10-year Treasury note, which climbed 12 basis points, to 3.89%, threatens the nascent strength in mortgage refinancing activity. The root of the rate rise is inflation after China reported its consumer price index soared 7.1% year-over-year in January, the most it has risen since September, 1996. Adding to inflation worries is today's surge to a new record high for the CRB index and a surge in industrial materials prices. The dollar's drop is probably playing a role, but the dollar has moved mostly sideways over the past four months.
Mortgage rates had fallen far enough below the average mortgage rate paid by existing mortgage holders to spark the refinancing wave, but this has now changed. It takes an incentive of about 50 basis points to encourage refinancing activity, but the move up in yield has reduced the average refinancing incentive for holders of conventional conforming mortgages down to about 25 basis points. The rise in mortgage rates is the biggest negative in today's developments. Rates were low for too short a time to make a real dent in the mortgage equation. With housing the economy's biggest problem, this is why, in an odd way, it would be better for the markets to be gloomy, as it would keep mortgage rates low for longer and help to spur significant mortgage refinancings and dull the impact of mortgage resets.
U.S. possibly in recession
Edward McKelvey, senior economist, Goldman Sachs (NYSE:GS - News)
Are we currently in recession? The NBER Business Cycle Dating Committee decides based on the behavior of four indicators: (1) real (adjusted for inflation) personal income, less transfers; (2) employment; (3) industrial production; and (4) real retail, manufacturing, and wholesale sales. The common pattern across these indicators is a slowing in growth strong up to the start of the recession, followed by an actual downturn once it begins. The indicators currently show a typical pre-recession pattern.
However, the committee issues its judgment well after the fact, as data are subject to substantial revisions. So for now, the answer to the question is a decisive "maybe."
Stern: Fed's cuts appropriate
S&P MarketScope
Minneapolis Fed President Gary Stern said the Fed's recent interest rate cuts have been "wholly appropriate" amid headwinds that suggest a rising unemployment rate. He's not so sure about the implications for inflation, but he did note that price pressures diminished in the early 1990s relative to their performance in the preceding years. He likened the headwinds to those that prevailed in the aftermath of the 1990-91 recession, and he sees risk that the credit dislocations will remain in effect for an extended period of time, while the possibility of a "credit crunch" cannot be ruled out. However, he still believes the long-term growth rate of the economy should average about 2.5%.
See further credit tightening possible
Jan Hatzius, chief U.S. economist, Goldman Sachs
Since the first "subprime scare" nearly a year ago, credit conditions have tightened for all types of loans, dramatically so for mortgages. The economic impact of credit cycles tends to be felt rapidly: Our quantitative analysis suggests that the impact of tighter credit conditions since mid-2007 could subtract roughly 1 percentage points from first-quarter growth and 2 points from second-quarter growth. This is an estimate of the direct impact of tighter credit conditions to date; our U.S. economic forecast also reflects the possibility of further credit tightening and other pressures on the economy. In two noteworthy credit cycles involving risks to the U.S. banking system -- the less-developed country (LDC) debt crisis that began in 1982 and the savings and loan (S&L) crisis that began in the mid-1980s -- the financial reckoning dragged on for years and ultimately resulted in much bigger losses than initially estimated. This suggests that the risks to our estimate of $400 billion in total mortgage losses lie to the upside. |
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21 Feb 08 1:30 pm |
| anyone has any idea which bank offer the best floating rate or fixed rate package without any lockin ? |
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21 Feb 08 8:56 pm |
| Anonymous wrote: | .... because you are not the truth beliver of this simple 8 english words PROPERTY. For those foreigner, you know why property come in only 8 words ? not 7 or 9... because as a chinese, we are the TRUTH BELIEVER of this number 8 in chinese to make us (FAR) (FAR) (FAR) .... means RICH....!!!!
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Even kindergarten kids can differentiate between "words" and "letters" ...how to be rich if one is clearly stuupiid |
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22 Feb 08 11:04 am |
| Anonymous wrote: | | Anonymous wrote: | .... because you are not the truth beliver of this simple 8 english words PROPERTY. For those foreigner, you know why property come in only 8 words ? not 7 or 9... because as a chinese, we are the TRUTH BELIEVER of this number 8 in chinese to make us (FAR) (FAR) (FAR) .... means RICH....!!!!
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Even kindergarten kids can differentiate between "words" and "letters" ...how to be rich if one is clearly stuupiid |
You mean those can differentiate are the rich??
Your theory so good... you must be damn rich loh!! How? You staying in bungalow or semi D |
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