Price increasing for singapore property !

Guest · on *29 Mar 08 5:41 pm*

Foreigners are complaining that our housing is too expensive. Property price can only be as high as the wealth the country to generate. It's not up to the developers to name the price. This is a global economy .. if Singapore becomes too expensive, people will go elsewhere.

Guest · on *29 Mar 08 8:36 pm*

Type: Apartment

Tenure: Freehold

TOP: 2004

Built-in: 1582 sqft

Bedrooms: 2 + 1 Penthouse

Bathrooms: 3 (1-ensuite & 2 common)

Maid’s Room: 1 with bath/toilet

Terrace: access via outdoor spiral staircase

Flooring: Natural Marble & Timber strips

Facilities: S/pool, Jaccuzi, Gym, BBQ, playground, basement parking, 24-hrs guard

Community: East Palm comprises of high number of expats coming from diverse places (USA, Europe, Japan, SE-Asia, etc).

Asking: S$ 1.38M (sold with fittings), last offer $1.2M

Last done ($988psf), NOW ($872psf) !!!!!!!!!!!!!!!!!!!!!!!!!!!

Guest · on *29 Mar 08 8:37 pm*

that is minus 10%

Guest · on *29 Mar 08 10:48 pm*

singapore rental and property price is still falling behind global city like hongkong and shanghai, whereby the rental is calculated base on US dollar. Definitely, singapore property price still got room to grow.....

Why foreign company is coming to singapore, even India company is setting up headquarter in Singapore.... They are here not for nothing. Singapore is falling behind hongkong 10 years, in the 19xx, when i when to hongkong, a three four star hotel is around $300, now singapore three four hotel is reaching $300 level which hongkong has already been achieve decade ago.... whose who have travelled widely will know the property trend in shanghai and hongkong.... singapore is still way behind....

for those who are trying to sell or rent their condo with no taker....too bad, think u better change your agent..... even my condo coming soon to TOP, not yet TOP, lots of agents are on the queue to get me tenant without any problem.... "Call me when u get your key, i can help u to simply do up the necessarity and get u tenant with no delay".... Wink

Guest · on *29 Mar 08 11:38 pm*

You talk until HK & Shanghai so far.... Followers only base on JB & Batam to determine S'pore is expensive leh!! Laughing

Guest · on *30 Mar 08 6:45 am*

90% of Singaporeans live happily in HDB. In HK, 90% live in private. Because of the lack of HDB in HK, HK people find it very difficult to get married since their private apartments are mostly beyond their reach. Hence, many HK people can afford to marry around 40 years old. Many of them simply dont marry.
In other words, a condo rental in Singapore faces competition from HDB. I saw many foreigners, including ang mohs, renting HDBs.

Guest · on *30 Mar 08 6:53 am*

dont forget that expatriates nowadays are getting local terms. long gone are the days when ang mohs get expatriate packages. in other words, they pay rental from their salaries and not paid by their companies. so they would go for low rental to save.

Guest · on *30 Mar 08 9:05 am*

Guest · on *30 Mar 08 9:22 am*

Guest · on *30 Mar 08 1:48 pm*

i know many ang mohs paying their own rentals

Guest · on *30 Mar 08 4:14 pm*

From what I see, Singapore is still unfortunately like a 3rd world country...we can see foreigners mainly from China, Philippines, Indonesia, Thailand, Malaysia and India working here and taking over our jobs at cheaper rates.
As for the high class Europeans, they are really limited selected few and nowadays we can even see them renting HDB apartments.
From the trend, its almost good as confirmed that property price is about to go south soon and for few years at least...no one can prevent this from happening..its too late.

Guest · on *30 Mar 08 5:52 pm*

No wonder my HDB close one eye also can rent out.. valuation of my unit also keep going up.. new gov flat also keep going up..
Everything keep on going up......... Laughing

Guest · on *30 Mar 08 8:55 pm*

Actually I understand your feeling. I have my own property too and at the back of my mind I am hoping that prices will always keep on increasing. However, I know that this is impossible because it is also about sustainability in the long run and not just hype. At the end of the day, it will only hurt Singapore if our property prices continue to rise to unacceptable levels. As it is, the slowing demand is a market reaction to the overpricing of properties here. Had the US subprime issues not set in, we may have gotten ourselves into a big property bubble that would have to burst in the next couple of years. That would have hit a lot of people even harder

Guest · on *30 Mar 08 9:32 pm*

we are now in the early stage of 2nd phase property boom, where got bubble.... those who talk about bubble bcos they can't afford private or even HDB, so to them everything is bubble...can't afford to buy property, PROPERTY BUBBLE, can't afford to buy car - COE BUBBLE, can't compete with forigner, FORIGNER BUBBLE, everyday complaint about BUBBLE....BUBBLE , think big time miss the boat, DIVA king, FOLLOWER are the biggest BUBBLE themselve !!!!

property in singapore can still grow aleast 5 - 10 years... watchout what i say Wink

Guest · on *30 Mar 08 10:07 pm*

Ever since the STI broke the major resistant level in end 2006, it enter into a new thread. Everything begin to rise again from the start of that level. In fact that is just the 1st wave.. and is not the high yet.

Guest · on *30 Mar 08 10:13 pm*

stock markets are driven by liquidity. do you think there is liquidity now?

Guest · on *30 Mar 08 10:32 pm*

PRICE IS STILL GOOD
JUST SOLD MY HDB % ROOM IN YISHUN FOR $472K thats 52k cash
not bad after all
Happy surfing to all. Cheers Laughing

Guest · on *30 Mar 08 10:33 pm*

Guest · on *30 Mar 08 10:50 pm*

Guest · on *30 Mar 08 10:56 pm*

Price increasing for singapore property !

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

Price increasing for singapore property !