Price increasing for singapore property !

Guest · on *12 Mar 08 11:09 am*

even stocks pay dividends. Property is mortgaged to banks and sometimes instead of collecting dividends, one has to top up to pay the bank.

another factor is property is illiquid. unlike stocks, it takes a long time to sell and the transaction costs is high at 3%

Guest · on *12 Mar 08 12:07 pm*

Guest · on *12 Mar 08 12:08 pm*

hahah really crazy

think everyone buy house for investment??

use your birdie brain lar!!!!!!!

Guest · on *12 Mar 08 12:32 pm*

He don't buy for investment ... why hate ppl buy for investment ...

Guest · on *12 Mar 08 7:29 pm*

If you dont want to end up driving taxi, buy within your means

Guest · on *12 Mar 08 8:38 pm*

Global Confidence Weakens for Fourth Month on U.S. Slowdown

By Simon Kennedy

March 12 (Bloomberg) -- The outlook for the global economy deteriorated for a fourth month in March amid declining faith in Asia's ability to dodge the U.S. slump, a survey of Bloomberg users on five continents showed.

The Bloomberg Professional Global Confidence Index fell to 13.1 from 14.3 in February. Respondents in Asia were the most pessimistic about worldwide growth and a gauge of confidence in their own economy fell to 38.1 from 43.5. A reading below 50 indicates negative sentiment.

Mounting pessimism may further undermine the global economy at a time when stocks are already declining and the U.S. economy teeters on the brink of a recession. The world's biggest banks and securities firms already wrote down about $188 billion of assets linked to mortgages for people with poor credit histories.

``The problems that started in the U.S. are now affecting all regions and fear is putting economies on hold,'' said Luis Benguerel, head of equities at Interbrokers Espanola SA in Barcelona and a participant in the survey.

The Bloomberg Professional Confidence Survey collated the responses of 5,430 Bloomberg users from Auckland to New York on economic conditions in their region and the world. The survey was conducted from March 3 to March 7. The investors, traders and analysts were also asked about the outlook for their currencies, bonds, stocks and interest rates in the next six months. Participants are in cities including Hong Kong, Zurich and London.

Higher Credit Costs

As the fallout from the U.S. housing downturn intensifies and spreads internationally through higher borrowing costs and declining U.S. orders, the Organization for Economic Cooperation and Development is now forecasting expansion in its 30 nations of ``less than'' 2 percent, the slowest since 2003.

The cost of borrowing euros for three months rose today to the highest level since Jan. 7, signaling central bank efforts to promote lending are foundering. The U.S. Federal Reserve said yesterday it plans to make up to $200 billion available through weekly auctions. The Fed coordinated the effort with central banks in Europe and Canada, which plan to offer as much as $45 billion.

Asia, almost twice as reliant on overseas sales as the rest of the world, is being dragged down by weaker growth in the U.S., Japan and Europe. Purchasing managers' indexes in China, Singapore, Hong Kong and India already signal slowing manufacturing growth.

``As the U.S. appears to lurch from modest growth to no growth, that could give a further negative impulse to Asian growth,'' said Edward Teather, an economist at UBS AG in Singapore. ``Evidence has been growing that exports in many countries have slowed.''

Most Pessimistic

While North American users were less downbeat about the global economy, with the gauge rising to 16.6 from 15.8, they remained the most pessimistic of the three regions about their own growth, with that index falling to 17.3 from 19.3. The measure of confidence among U.S. users in their own economy fell to 6.7 from 7.9, with only Spain's 4.5 and Italy's 6.5 lower.

U.S. employers unexpectedly cut jobs in February for the second consecutive month and by the most in five years, threatening consumers already hamstrung by lower home prices, record oil prices and the credit squeeze. The Fed has cut its benchmark interest rate by 2.25 basis points since the start of September and investors anticipate another reduction when its Open Market Committee convenes next week.

``The ongoing deterioration in financial market conditions is broadening and gaining speed,'' said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. ``The Fed is going to have to cut rates further in order to prevent an even deeper recession.''

Resilience in Europe

In Europe, an index of sentiment toward the world economy rose to 13.8 from 12.9 and participants became less pessimistic about their own economy, pushing the regional index to 27 from 26.2. Recent data has suggested the European economy is proving resilient with the ZEW Center for European Economic Research reporting yesterday that investor confidence in Germany unexpectedly rose for a second month in March.

U.S. users pared their expectations for further interest-rate reductions in the next six months. The measure of interest-rate expectations, reflecting the view of 1,269 Bloomberg users, rose to 14.5 from 11.8.

European expectations of interest-rate cuts by the European Central Bank retreated, with the indexes for Germany, France and Italy advancing to 30, from as low as 20.6. The Frankfurt-based central bank last week left its key rate at 4 percent as President Jean-Claude Trichet dashed investor speculation of an imminent cut by noting inflation remained his ``highest priority.''

Respondents in Germany, France and Italy were alone in becoming more optimistic about their stock markets than a month ago, although Brazilian users were the most upbeat with their measure at 75.6. Clients in the U.K. were the most negative with the index at 21.4 after 23.2.

The dollar may keep falling with users in the U.S. expecting it to perform worse in the next six months than they did last month, while those in France, Germany and Italy expressed greater confidence in the euro, which reached a record $1.5495 yesterday.

Guest · on *13 Mar 08 1:00 am*

from what i see, majority of the singapore private property buyers are foreigner working in singapore....it is only less than 10% of the singaporean are able to invest in singapore property market...

all MISS the BOAT, BACKSIDE FOLLOWER everyday shouting crash, property price drop..... cannot afford so price drop..... !!! .the affordablitiy of singapore property is not base on singaporean earning power, it is base on international investor earning power.... developer don't price the property price base on your $5000 mthly income....

UNTIL now BIG TIME MISS the BOAT and DIVA FOLLOWER still don't understands, FACE the reality, you cannot aford, property price in singapore still will increase to the SKY high level....

we are only in the begining of the 2nd phase property growth, that's why i am telling all recent newly PRIME LOCATION TOP property owners not to sell now, selling now mean losting big profit two years time.... hold up and rent out first.... as what i has said before, if the US recession will to last longer, the better for singapore property interest rate environment to keep at very low level..... even if owner wanted to sell, DONT sell cheap.... alot of people think that they can go for CHEAP SALES, WAIT LONG LONG..... Smile

Guest · on *13 Mar 08 1:18 am*

Guest · on *13 Mar 08 1:54 am*

i can sense a lot of sour grape eaters

here dun be too sad if you cant afford to buy one private property yep

why not work harder in your current job so that your dear boss

will give you a big pay cheque and u can jolly well get a HDB in better

location like boon keng or East coast Area

Guest · on *13 Mar 08 1:57 am*

Guest · on *13 Mar 08 6:35 am*

rich people could become poor if they make major mistake in investing their money. The smarter ones always take good profits. The unlucky ones are usually the arrogant ones who ignore good advice.

Guest · on *13 Mar 08 6:40 am*

it seems that there are a lot of people got stucked with properties and praying hard that it wont crash. Sadly also, these people's fate depends a lot on what the foreigners do to their properties. If the foreigners sell, it is game over for these people. Sad to see the plight of these people. It is not an honor to ask others not to sell and hold for two years. It looks like a begger begging the foreigners not to sell.

Guest · on *13 Mar 08 6:50 am*

when the foreigners bought, they did not know that in a few years they have to approach sovereign wealth funds for support. today the picture is totally different with big banks cutting workforce by more than 10%. if this thing gets worse, dont expect big bonuses like before. these foreigners themselves could not afford! Some of you better take note.

Guest · on *13 Mar 08 7:07 am*

When foreigners sell, they could make money even if they sell at 800 to 900 psf assuming they are the ones who pushed prices up in prime districts starting from 2005. Dumbers who went to showflats and paid 1200++ psf and hope that price continues to climb for the next two years might lose big time when foreigners start selling.

Guest · on *13 Mar 08 7:10 am*

Capitalism only makes a minority rich and majority poor. If you find yourself doing what most other people are doing like buying properties, get ready to lose money and become poor.

Guest · on *13 Mar 08 8:46 am*

Godisgood · Joined: 16 May 2007 Posts: 1879 on *13 Mar 08 8:57 am*

Guest · on *13 Mar 08 8:57 am*

[quote="Godisgood"]

Price increasing for singapore property !

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

Price increasing for singapore property !