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| Re: Private property prices going down 40% |
 11 Mar 08 9:07 pm |
| No buyers No money wrote: | | Anonymous wrote: | | Anonymous wrote: | | developers of new launches are already negotiating to cut prices by 15% from market prices. In other words, you could get 15% discount from the resale prices advertised on newspaper if you negotiate with developers. In other words, developers are selling 15% below your unit's valuation today. |
you are telling this to primary school kids hah....?? ......your bedtime stories is more suitable to your young boy...  |
on 10 March 08, i wrote that developers cutting prices around 15% from resale price level in district 15. on 11 march 08, a whole list of prices offered at around 850 psf (compare this price with what owners tried to achieve in this district ie 900+ psf).
seriously, facts will prove whether i am telling bed time stories or not. |
Aiyo.. Dist 15 is not city fringe.. so it is understandable not all projects are 900+ up... even not surprise some are below 900 or 800psf... without know whether is leasehold or not also.
As for Katong is just like a pasir panjang located in the east (but slight better than pasir panjang which cost about 600+ to 700+ psf)
Whether is 900+ or 800+, this is reasonable for Dist 15 lah!! |
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11 Mar 08 9:11 pm |
| good luck if you are holding big loan exposure |
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12 Mar 08 7:39 am |
Fed's Loan Rescue Sparks Big Stock Rally
Tuesday March 11, 5:08 pm ET
By Jeannine Aversa, AP Economics Writer
Fed Offers $200 Billion to Prop Up Lenders; Wall Street Responds With Huge Rally
Time to buy property in Singapore !!!!
Time to buy property in Singapore !!!! |
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12 Mar 08 8:44 am |
| Successful investment management is about anticipation and scenario planning, not unprepared reaction. The world is not about to come to an end. Through adversity is born opportunity for those prepared both emotionally and financially. |
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12 Mar 08 8:45 am |
| CDS is US$14 trillions or 85% US GDP. 45% of the CDS market is unrated and speculative. This guy will take a whole decade to unwind. |
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12 Mar 08 8:47 am |
| Asian stock markets crash today |
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Guest
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12 Mar 08 9:00 am |
| Anonymous wrote: | | Asian stock markets crash today |
crashed today?
u sure a not |
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Guest
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12 Mar 08 9:03 am |
| buy the rumors sell the fact |
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12 Mar 08 9:05 am |
| US market +4%. Asian markets also +4%. Looks like positive correlation is back. US real estate market down, Singapore's real estate market also down. Positive correlation. |
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Guest
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12 Mar 08 9:13 am |
| Anonymous wrote: | | good luck if you are holding big loan exposure |
If you have problem with finance at S'pore bank low interest rate.. you can forget about buying properties in the whole world lah. |
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Guest
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12 Mar 08 9:14 am |
| Anonymous wrote: | | Asian stock markets crash today |
You hosei bo?? Still behind news backside hah??  |
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12 Mar 08 9:16 am |
| Anonymous wrote: | | buy the rumors sell the fact |
Sori bro, I buy base on own predict... not rumors not following news backside! Lagi don't bother about fact! |
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Guest
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12 Mar 08 9:18 am |
| Anonymous wrote: | | Anonymous wrote: | | buy the rumors sell the fact |
Sori bro, I buy base on own predict... not rumors not following news backside! Lagi don't bother about fact! |
wah say man. what is your prediction? |
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12 Mar 08 9:18 am |
| Anonymous wrote: | | US market +4%. Asian markets also +4%. Looks like positive correlation is back. US real estate market down, Singapore's real estate market also down. Positive correlation. |
You damn naive leh... you damn young kok leh |
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12 Mar 08 9:20 am |
| basic maths will tell you that you only have less than 50% to make money in property investments in fully industrialised economies. |
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12 Mar 08 9:24 am |
based on a 1 mio property and you live in it (so no rental)
3% p.a. interest rate
10 years from now, your property must climb 1 mio * 1.34 ie 1.34 mio to break even (ignoring transaction costs, property taxes etc)
that means, by default ie property price remains unchanged, you lose money. |
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12 Mar 08 9:27 am |
| if you buy a property for investment ie for rental. then either (a) the rental remains high enough to pay your mortgage for the most part of your loan tenure or (b) its price goes up sufficiently to make money. both (a) and (b) factors are beyond your control. |
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12 Mar 08 9:40 am |
when you put in 30% down-payment and take 70% bank loan for 30 years. For the next 30 years, you are answerable to your bank, your boss. Behind your decision, you risk your family.
So please buy within your ability and not based on your "prediction". Even your prediction is always right, buy within your means. |
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Guest
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12 Mar 08 10:34 am |
| Anonymous wrote: | when you put in 30% down-payment and take 70% bank loan for 30 years. For the next 30 years, you are answerable to your bank, your boss. Behind your decision, you risk your family.
So please buy within your ability and not based on your "prediction". Even your prediction is always right, buy within your means. |
when you put 100% into rental... when come to 30yrs later when you leaving the house, the house still not belong to you! Your family will F you upside down cos "till now they don't even have a proper home for themselves"!!
haha!! |
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