Price increasing for singapore property !

Guest · on *30 Jan 08 1:24 pm*

My forcast in the current singapore situation even US recession will not affect singapore property price (mid to high end) still holding up strongly with lower activities only. Buyer has 3 months selective buying windows during this period....Seller who is looking for long term, pls hold back for the next wave of up turn, property price will be another sky rocket high for many more years within your expectation.... watch out what i say now[/quote]

Wah!! you also talk like expert pert leh! Buy within your mean, just what government said. Sellers who are looking for milliions to sell your house, you may continue to tan gu gu. Buyers who wanted to buy low, if you have covered now and can wait... wait lol! Buying high only for those affected by enbloc who have $$ and no cover and high only for those facing sea or mountain view.......

Guest · on *30 Jan 08 1:37 pm*

Guest · on *30 Jan 08 4:30 pm*

buy parc emily, best long term investment....there are alot of potential in this project....as i have already stated all good points in my threads....this project has not run up so much....as compare to others... new launch in this area at above $1600 level as compare to the latest sales at $1459 level.....buy during this quite period if not when the price shoot up u got no time to chase... all the best to your investment.....

orchard · Guest on *01 Feb 08 2:49 pm*

I have the same thought too. This area is currently undergoing tremendous transformation. Plenty of boutique developments springing up. AND the price is worth investing.

I would say if you intend to buy and stay, this place is near to Orchard and MRT and plenty of eateries.

If you intend to rent it out, the rental is also quite good, around $6000 permonth for a 2 bedroom unit.

Great potential!

Frankly, I've invested in a unit at Parc Emily three months ago and my buying price is still holding.

Guest · on *01 Feb 08 4:45 pm*

Buy anywhere also ok lah... as long as GDP 4-5% this year, property is sustainable lah! Those expert forecast next year 5-6%, meaning last chance for you to buy in this year lah!!

Guest · on *02 Feb 08 8:14 am*

Guest · on *02 Feb 08 11:11 am*

Guest · on *03 Feb 08 8:44 pm*

Guest · on *07 Feb 08 11:40 pm*

post chinese new year bull run for property in the coming months, watch out, for those seller, hold on to your property for the next spike, selling now means that you will make less $100,000 to $200,000 of profit.....thousand of on-block buyers are starting to search for property now, even they have not receive their payment yet.....first time, investor, foreigner and real buyers are still in the sideline, the longer they wait, hte higher the price they going to pay for, US subprime and recession will not affect singapore property market and price, no one will believe me, wait to see the outcome ....

when i predicted in 2005, property price in singapore is going up trend, no one believe me also.....

Guest · on *08 Feb 08 8:39 am*

Aiyo! if GDP can hit 4-5% this year.... how can property crash.... by the time the sky is clear in 2009 property will continue to climb.... it may climb as early as 2nd half of this year.
So don't let your hands down if you are selling your property.

Guest · on *08 Feb 08 3:02 pm*

Guest · on *08 Feb 08 4:00 pm*

VERY INTERESTING DISCUSSION. FIRST OF ALL LET ME SAY THAT I AM NOT IN EITHER CAMP. I MYSELF OWN TWO PROPERTIES, BUT AM A LONG-TERM INVESTOR . IF YOU THINK RATIONALLY AND LOOK AT OTHER COUNTRIES, PROPERTY MKT IS ALSO CYCLICAL LIKE OTHER MKTS. AND YOU WILL FIND THAT THEY ARE ACTUALLY AT THE LOWEST WHEN INTEREST RATES ARE THE LOWEST ! PROBABLY DUE TO RECESSIONARY ENVIRONMENT.

LAST YEAR'S RUN-UP WAS TO SAY THE LEAST TOO FAST AND FURIOUS AND HENCE A CORRECTION WAS EXPECTED. IT COULD BE LITTLE HIGHER THAN NORMAL DUE TO THE SUDDEN DETERIORATION IN THE EXTERNAL ENVIRONMENT. SO WHILE PRICES HAVE TRIPLED IN LAST 3 YEARS, A 25-30% COORECTION FROM THE HIGHS IS POSSIBLE . THIS HAS ALREADY STARTED AND MIGHT TAKE MAYBE 2 YEARS FOR THE CORRECTION TO COMPLETE. THIS WOULD STILL MEAN 100% RISE IN THE LAST 3 YEARS AND AROUND 7-10% GROWTH IF YOU AVERAGE OVER LAST 10 YEARS. THIS IS THE MEAN GROWTH ONE SHOULD EXPECT IN THE LONG TERM IN A COUNTRY WITH AVG INFLATION <3%. IF YOU ADD THE RENTAL INCOME, A PROPERTY INVESTOR CAN GET 10-15% AVG RETURNS PER ANNUM, A DECENT ONE BY ANY COUNT.

THE ONLY PEOPLE WHO SHOULD BE WORRIED ARE SPECULATORS WHO HAVE BOUGHT MULTIPLE PROPERTIES LAST YEAR AND DO NOT HAVE THE ABILITY TO SERVICE THE INTEREST. THEIR EXIT WILL CREATE PROBABLY A SHARP DROP INITIALLY BEFORE THE MKT STABILISES AT LOWER LEVELS. SMART SPECULATORS SEEM TO HAVE ALREADY MADE THEIR MONEY AND GOT OUT AROUND JUNE-AUG LAST YEAR AND THE LATER BUYERS TEND TO HAVE WEAKER HOLDING POWER.

Guest · on *08 Feb 08 4:07 pm*

Guest · on *08 Feb 08 5:56 pm*

Desperate agents,

Unlike you, I dont hv to eat "dirty money".

In fact, I've retired 4 yrs ago...and I'm just 38 this yr!

And oh, I bought my condo in district 9 in Dec 2005 in cold hard cash when the px are not ridiculous like now...imagine if I were to be an iidiot n wasted all my resources on properties when the px are sky-rocketting, I would certainly hv depleted all my resources and wouldn't be able to retire at the age of 34, would I???

On the contrary, a relative of mine bought Elias Green for $820k in 1996 when the px was at its peak but had to sold it off for $450k in 2006 cuz he just can't pay off the mortgage after he quit his airline job to become a property ageny. Now he is living in a 3 room HDB flat and still mired in debts!!!

So fellow Sporeans, be prudent! Dont rush to buy properties when the px is at its peak and then get into the debt trap. You will end up as a slave thru out yr life just to pay off yr mortgage..or even a bankrupt when u lose yr job in the face of global uncertainties!

Guest · on *08 Feb 08 9:31 pm*

I am a long term investor, i have brought my property in district 9 in March 2005, in fact as compare to now and in 2005 i face a greater risk in property investment....

Is there any talk of casino in 2005 ? is there any plan of world class aero-space center in singapore in 2005 ? is there any Bio-Chem research and development in singapore in 2005 ? Is there any financial investment banker setting up headquarter in singapore in 2005 ? Is there any Formula one in singapore in 2005 ? Is there any target of foreigner immigrantion target of 6.5 million in singapore in 2005 ? Is there any talk of world class educational hub in singapore in 2005 ? there a alot more list that i can give you a big LIST !!! a big NO NO NO NO NO NOOOOOOOOOOOO

a 31% increase in property price for 2007 is only a small amount......infact if all the above come true..... let me tell you, property price will shoot up more than 100% and sky high level ...... wait and see.....

for those who has been waiting in the sideline, they will be waiting fore-ever in the sideline and send out rumous "crash, property down".

as what i say before invest in yourself before you in invest in property or share market.... listen to the right people....not those DIVA followers sideline talk forever....no action....

Guest · on *08 Feb 08 9:42 pm*

Obviously, another agent trying to disguise himself as a long-term investor...well, how can u even be an investor when u clearly lack the basic understanding of investment fundamentals???

Only the gullibles would think that buying ANYTHING when the px is at its peak would mean gd returns in future.

Go back to the basics -- learn abt REAL demand and supply --- before you spout nonsense.

But obviously, if you are educated enough, you wouldn't end up as a commission-hungry agents, would you???

So there you go...I rest my case!

Guest · on *08 Feb 08 9:59 pm*

Guest · on *08 Feb 08 11:06 pm*

Guest · on *08 Feb 08 11:32 pm*

wah liao! i see agent die-die try to paint rosy picture of property market, leh!

u know 1 china man buying 1 private property but i see many living in my housing estate, leh?!! and the floor above me also got 2 indian family renting.

even casino, how many high level people? 80% will be low level workers -- got enough money meh to buy $1milion condo?

90% singaporeans already own houses...so no need to support rental market...too bad for foreigners...but now foreigners also smart leh -- they share-share falt together, mostly hdb mah!

Guest · on *09 Feb 08 12:50 am*

Bottom Line

Wages go up by 10% p.a.
Property prices tripled in the last 2 to 3 years.
Who can afford to buy ultimately??

Just like a Ferrari, who doesn't want, but how many can afford.
So when prices go up dispproportionately to income, can the property price rise be sustainable?
Intelligent people can make their own conclusions

Price increasing for singapore property !

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

Price increasing for singapore property !