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 16 Mar 08 6:02 pm |
| eventually everyone buys at least one property during his lifetime. |
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16 Mar 08 7:10 pm |
| Anonymous wrote: | | Anonymous wrote: | | Private property and HDb is going down fast ,dont buy now. wait for at till apr 09 to see . Stock market usually lead property by 6 months . |
dun buy!!!
then stay where???
Stay at your house is it??
you going to give free stay ar????
you ok a not
not all buy for inverstments!!!
IS it your concern if ppl buy to stay
U not happy is it
?????????????? |
We dun buy!!!
Why you desperate to sell is it ar????
IS it your concern if ppl dont buy
U not happy is it
?????????????? |
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16 Mar 08 11:29 pm |
ppl who dun't understand about economy will always say stock market crash, property also crash....let me tell you all, i have already predict stock market crash in jan 2008, but i am still confident and bullish with property investment in singapore... watchout what i say...
those crash stories are created by those BIG time miss the boat, being a local in singapore we have already missed the biggest boat during our parent time who have invested in the 198x, that y they can retire comfortably....listen to our FOLLOWER and DIVA KING and BIG time miss the boat definitely will be able to advise u how to help ppl to retire comfortablely, THEY HELP PPL TO RETIRE BY RENTING FROM PPL FOR LIFE, that means i can stay in my condos and rent out my HDB flat...to FOLLOWER, MISS the BOAT mahhhhh...  |
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16 Mar 08 11:32 pm |
| we are not asking follower to buy, they need to help ppl to retire, so they have to stay put renting.... |
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16 Mar 08 11:42 pm |
My brother who works in the property industry told me that construction cost has risen to around $450 psf.
This is primarily due to the contnuous increase in steel price and labour costs, plus one off cement price hike due to Indonesia's sand ban.
China's voracious appetite for raw materials and minerals caused asset inflation throughout the world and a relentless rise in the Australian dollar due to its huge mineral resources.
At the same time, our construction of the two Integrated Resorts and MRT lines sucked away a lot of construction resources. Nowdays contractors are very busy and even crane operators are earning $8000 per month with overtime.
Can you imagine just the construction cost alone today is equal to the price of entire mass market condo a few years' back. That's not including land costs and developers' margins.
That's why developers are now being squeezed and their share price has fallen a lot.
But if you are holding the end product, i.e. a completed condo unit, then that means you are hedged against further raw material cost inflation.
And if the developers hold back or cancel launches, that means the supply will be even less.
Add to that the 80,000 new citizens and PRs coming in every year, I forsee a potentially explosive situation in the rental market.
The property market has been holding back recently due to the sub-prime issue, like an arrow on bow with a stretched string. Once the sub-prime blows over, the price is going to shoot through the sky. |
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17 Mar 08 5:23 am |
Your scenario is true provided there is no recession in Singapore and no big unemployment numbers. It is true provided people earn enough to repay mortgages. in a recession, people lose jobs. condo construction costs is irrelevant because people then cannot afford to buy/rent condos with high "break even" rental. We see this situation already in the prime areas. The breakeven rental is S$15000 for an owner who has lots of difficulties in finding tenants who can afford to pay S%15000. What happens if there is a recession? The owner would find it even more difficult to find a tenant for his S$15000 per month rental. Demand disappear, suppliers and owners of condos get hit. Condos then become illiquid. in which situation, it is simple. those developers/construction companies with WIP projects lose money. people who bought lose money.
Remember the golden rule, what happens in the USA eventually happens to the rest of the world.
Take for instance, the NASDAQ phenomenon. |
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17 Mar 08 10:55 am |
me just buy a unit 1227 505psf in D26 99years for rental
you think is a good buy?? |
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17 Mar 08 11:33 am |
| Anonymous wrote: | me just buy a unit 1227 505psf in D26 99years for rental
you think is a good buy?? |
Is it re-sale or developer ?....Looks like a good buy.  |
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17 Mar 08 11:39 am |
| Anonymous wrote: | | Anonymous wrote: | me just buy a unit 1227 505psf in D26 99years for rental
you think is a good buy?? |
Is it re-sale or developer ?....Looks like a good buy. |
Bro its a 4years old re-sales unit
small developement 128units by MCL |
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17 Mar 08 7:27 pm |
March 17, 2008
Property market remains sluggish - only half of new units sold in Feb
By Fiona Chan, Property Reporter
THE lethargy in the housing market continued last month, with only half of the new units launched snapped up by buyers.
Property developers launched 343 new homes in February but sold only 185, down from the 328 that they sold in January.
Among the best performers were Cosmo at Guillemard Crescent and Waterfront Waves at Bedok Reservoir.
Cosmo, which was almost sold out within a week of its launch, sold 41 of its 45 units at a median price of $1,098 per sq ft (psf). Waterfront Waves saw 26 units sold at a median $808 psf.
Generally, home prices still held steady, even rising in some cases. Where they fell, the dips were marginal.
At Hong Leong Holdings' Aalto in Jalan Kechil, three units were sold in January for a medain $2,078 psf.
Last month, two units were sold at higher prices: one at $2,336 psf and the other at $2,902 psf.
But prices dropped slightly at Mount Sophia Suites in Sophia Road. Twelve units were sold there at a median $1,719 psf in January, but only five were sold last month at a lower median price of $1,709 psf
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17 Mar 08 7:29 pm |
| Anonymous wrote: | March 17, 2008
Property market remains sluggish - only half of new units sold in Feb
By Fiona Chan, Property Reporter
THE lethargy in the housing market continued last month, with only half of the new units launched snapped up by buyers.
Property developers launched 343 new homes in February but sold only 185, down from the 328 that they sold in January.
Among the best performers were Cosmo at Guillemard Crescent and Waterfront Waves at Bedok Reservoir.
Cosmo, which was almost sold out within a week of its launch, sold 41 of its 45 units at a median price of $1,098 per sq ft (psf). Waterfront Waves saw 26 units sold at a median $808 psf.
Generally, home prices still held steady, even rising in some cases. Where they fell, the dips were marginal.
At Hong Leong Holdings' Aalto in Jalan Kechil, three units were sold in January for a medain $2,078 psf.
Last month, two units were sold at higher prices: one at $2,336 psf and the other at $2,902 psf.
But prices dropped slightly at Mount Sophia Suites in Sophia Road. Twelve units were sold there at a median $1,719 psf in January, but only five were sold last month at a lower median price of $1,709 psf
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This is just the beginning.
Its true, current market cooling is due to poor sentiment and fear of recession rather than real economic crisis in Singapore. Prices will really fall only after the impact of US recession affects our exports.
6 months ago, people were talking about [/i]fear of recession[/i] in US.
Now, recession is only just starting. It will be another few months before people in US start losing jobs and sharply reducing imports from Asia, exacerbated by the weak dollar. Meanwhile, Asia will face own problems... cooling of overheated ecnonomies with resulting pricking of stock and housing bubbles in HK/China.
Maybe only at end-2008 will we see a real material impact of US recession on Singapore economy due to reduced exports affecting jobs. Only then will we see property prices here start to fall. As much as fear of missing the boat drove up prices in 2006-2007, the fear of losing money will accelerate the downward spiral. Just as speculators and developers are not selling now (hence holding up prices), once they all start selling in 6-12 months, they will suddenly be competing with each other and prices will suddenly fall.
So, what do I make of all these bravado talk from developers and speculators?
Lots of hot air. See how Bear Stearns suddenly fell. Confidant talk up to 2 days before collapse. THen suddenly charade cannot be kept up, and whole thing tanks. Such is the property market in SIngapore. Was driven up last year too much too fast without true fundamental support. Correction (price fall) is inevitable.
To buyers out there. Wait.  |
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17 Mar 08 7:52 pm |
| I urge all sellers out there.. HOLD!! |
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17 Mar 08 9:31 pm |
March 17, 2008, 6.34 pm (Singapore time)
S'pore hedge funds have little sub-prime risk: MAS
SINGAPORE - Singapore-based hedge funds have little exposure to risky sub-prime assets and most have not had difficulty responding to the credit crunch, the city-state's central bank said on Monday.
'Based on our latest review in end 2007, hedge fund managers in Singapore have minimal exposures to the sub-prime market,' the Monetary Authority of Singapore (MAS) said in response to a Reuters query.
'Most players have not experienced problems, such as inability to meet redemption requests or margin calls, or problems with valuation, arising from the recent credit crunch,' the central bank added.
Singapore has been promoting the hedge fund industry and currently serves as the base for more than 200 funds.
MAS also said that the republic's banks have enough cash, and that the lenders are expected to be prudent and manage risks.
'The current liquidity positions of our banks are sound,' a MAS spokesperson said.
Western banks such as Bear Stearns have been hit by a lack of cash due to credit turmoil. -- REUTERS |
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18 Mar 08 12:54 am |
U.S. Stocks Tumble on Bear Stearns Sale; Europe, Asia Plunge
By Eric Martin
March 17 (Bloomberg) -- Stocks in the U.S., Europe and Asia tumbled after the Federal Reserve unexpectedly cut its discount interest rate and JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for about 90 percent less than its value last week.
The Standard & Poor's 500 Index slipped within 1 percentage points of a so-called bear market, while JPMorgan's biggest advance since January helped limit a decline in the Dow Jones Industrial Average. Bear Stearns, Lehman Brothers Holdings Inc. and Goldman Sachs Group Inc. led financial shares to an almost five-year low on concern that the Fed will be unable to prevent credit-market losses from spreading.
The S&P 500 sank 22.43, or 1.7 percent, to 1,265.71 at 12:50 p.m. in New York. The Dow average slipped 104.94, or 0.9 percent, to 11,846.15. The Nasdaq Composite Index decreased 41.8, or 1.9 percent, to 2,170.69. More than four stocks fell for every one that rose on the New York Stock Exchange. Europe's benchmark index slid to the lowest since November 2005 and Asian shares slumped for a third day.
``Is Bear Stearns the weakest link in the chain, and now that it's broken everyone else goes with it?'' said Daniel Bandi, who manages about $2.5 billion as chief investment officer of Integrity Asset Management LLC in Independence, Ohio. ``That would breed a little fear in the market.''
All 10 industry groups in the S&P 500 dropped today as the benchmark for U.S. equities extended its decline from an Oct. 9 record to 19.1 percent. Energy shares lost 2.1 percent as a group today after oil fell more than $3 a barrel on concern the economy has slipped into a recession.
The Fed Reserve cut rates on direct loans to commercial banks by 25 basis points to 3.25 percent yesterday, aiming to restore confidence in financial markets battered by more than $195 billion in asset writedowns and credit losses worldwide.
$2 a Share
Bear Stearns plunged $26.26, or 88 percent, to $3.74 after JPMorgan agreed to buy the bank for $240 million, or about $2 a share. The Fed is providing financial backing to JPMorgan for the deal. JPMorgan gained $3.30, or 9 percent, to $39.84.
The New York Fed agreed on March 14 to provide Bear Stearns financing through JPMorgan for up to 28 days. After denying for three days that access to capital was at risk, Bear Stearns said then that its cash position had ``significantly deteriorated'' amid what it called ``market chatter'' that it was facing a cash shortage.
Lehman, the fourth-largest U.S. securities firm, dropped $12.83 to $26.43. Goldman Sachs, the world's largest securities firm, dropped $12.62, or 8.1 percent, to $144.24.
`20-Year Lows'
UBS AG downgraded shares of Goldman and Lehman to ``neutral'' from ``buy,'' saying the liquidity squeeze will get worse before it gets better.
``Valuation will likely test 20-year lows rather than 10- year lows,'' analysts including Glenn Schorr and Mike Carrier wrote in a report today.
Shares of banks may fall by half, Oppenheimer & Co.'s Meredith Whitney said. The analyst, who correctly predicted Citigroup Inc. would cut its dividend, wrote in a report that financial shares will tumble as investors focus on ``tangible book value,'' resulting in lower valuations.
Goldman, Morgan Stanley and Lehman may post further write- offs when they report first-quarter results this week, the Financial Times reported. U.S. investment firms and commercial banks are expected to announce more than $9 billion in additional losses in the first half, the newspaper said, citing Deutsche Bank AG analysts.
Financials Drop
Morgan Stanley retreated $4.42, or 11 percent, to $35.13. Merrill Lynch & Co., the third-largest securities firm, dropped $4.67, or 11 percent, to $38.84. Washington Mutual Inc., the biggest U.S. savings and loan, fell $1.56, or 15 percent, to $9.03. Citigroup Inc., the biggest U.S. bank, declined $1.75, or 8.9 percent, to $18.03.
Health-care shares in the S&P 500 dropped 0.4 percent, the least among 10 S&P 500 industries, buoyed by Merck & Co. The company's scientists used a new method to find a group of genes that act together in networks of people to spur obesity, researchers reported in the journal Nature. Merck advanced 26 cents to $41.23. Johnson & Johnson rose 79 cents to $63.44.
Europe's Dow Jones Stoxx 600 Index sank 4.3 percent. The MSCI Asia Pacific Index tumbled 2.7 percent. Hong Kong's Hang Seng Index tumbled 5.2 percent to the lowest since August.
Even the announcement of $18 billion in deals failed to halt the market's skid.
CME Group Inc., the world's largest futures market, agreed to acquire Nymex Holdings Inc. for $9.4 billion to add benchmark oil and natural gas futures to the contracts it offers. CME dropped $73.05, or 15 percent, to $413. Nymex Holdings Inc., operator of the world's largest energy market, dropped $20.64 to $74.70.
Weyerhaeuser Co. added 54 cents to $62.51. International Paper Co., the world's largest forest-products maker, agreed to buy packaging, recycling and containerboard units from Weyerhaeuser for $6 billion to expand in North America. International Paper dropped $2.70, or 8.4 percent, to $29.56.  |
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18 Mar 08 1:34 am |
haiz
When expensive that time, you ppl really think very expensive
When really cheap that time, you ppl really think price will drop again
When price never gone down, you ppl complain why never brought last time!!!
When price goes up,you ppl will wait for price to drop again
It goes like a cycle round and round, end up will never buy anything one..
then will start to curse and swear at the project
I guess this is part and parcel of human nature |
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18 Mar 08 10:33 am |
I believe each individual have different risk appetite. Some are coward, cannot take risk, thus always complain life is sucks. Its 100% status quo, earning the miserable monthly income to make ends meet.
For those who are smart and risk taker, they analyst, weigh the odds and take the plunge. At least for this group of people, its either 50/50 chance for them to make $$$$. I belongs to this group. My mom always tell me that in this cruel world, if you don't help yourself, nobody is going to help you and nobody owes you a living. You will have to work hard and smart for it.
My philosophy about investing in this volatile property market will be that as long as you plan yourself for the worse case scenario, ie. you must have the holding power for at least 2 years, then you should be alright. Everyone knows that property investment is a good hedge against inflation. No point put your hard earn $$$ in banks. By 20 years, I will probably make enough $$$ from my investment to retire comfortably. |
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18 Mar 08 10:18 pm |
Quite true lah!
Whether is stocks or property, I prefer to act ahead of the market rather than follow market & effected by market in any buying or selling. If you are person who are very much affected by news, then you better stay a side & just watch only. Usually the less experience one will be thinking is a sure die situation & just hid under the blanket.
When everyone just following news & so much affected by just news, I begin to look for opportunity & right time to enter into the market for any buy! |
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19 Mar 08 8:05 am |
best return in stock or property ?  |
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19 Mar 08 10:38 am |
| Anonymous wrote: | | best return in stock or property ? |
Property still safest than stocks lah... sometime stocks can be very volatile or even suspended.
Property is the best!!! |
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