 |
Sponsored Links
|
|
|
Guest
|
|
 01 Apr 08 4:58 pm |
| MasterChief wrote: | To the person who posted before me; where do you get your news source from? If the source is local, I ain't trusting it as the media is controlled and the govt likes to hype things up here.
As for this post on page 6:
| Anonymous wrote: | sad to say ..nothing is cheap in singapore now
even HDB asking for High prices
Property prices will go down , i doubt so
Sillyporeans might think that wow so expensive
but to those rich ppl in arab , UK , HK and indo
It is so much cheaper then their own country
Just by posting craps here can bring the prices down?
Want to challenge with those millionairs and billionairs
i doubt so
This world is driven by Rich ppl not those who talk a lot
but actually trying to struggle to even own a small condo unit
This is Life
have to accept it............ |
Where the hell did this come from? You say that prices are CHEAP here? Rental is through the roof and unacceptable. I used to live in Switzerland and I can tell you that for a rental of 2k SGD a month you can get a decent heat insulated / soundproofed 2+1+1 apartment, properly renovated in mint condition.
Here what can you get for 2k rental? A lousy rotting conditioned HDB where you can hear everything that goes on beyond your walls, and where people walking by can peek into your living room. I am currently staying at a friends place in holland v. Its a house with its own tiny garden; there is no sound insulation, and the "window" for the room I stay in is peices of sliced glass - that means it does not close properly which translates into conversations taking place on the street being so audible that they might as well be happening on my room. She is paying 2.3k for that house and rental is set to increase to at least 3k+, possibly even 4k. For that kind of money you can rent a top grade 3+1 apartment with full view of mountains and lake in Switzerland, elevator that GOES DIRECTLY INTO APARTMENT, floor heating and sound insulation that is so advanced that if you close the window, the neighbors house can be on fire you would not hear a thing!
And no, I do not have to "accept it" - I can just leave this country anytime. People like myself will not put up with this kind of property abuse indefinataly. Those who can afford to move out of this country WILL move out. Then singapore will be stuck with some 90-95% of the struggling-unable-to-retire population living their lives to serve the uber rich. What truly cracks me up though is how people here are so proud of their nation despite how the govt continues to screw them by tightening the land supply to increase the demand. This is done in order to keep the prices where they want it: high. |
Agreed !!! .. Not to worry to much all this people is banking on the property price to keep on going up....In reality they will be first to let go/ offload their condo ......but too bad nobody is going to take it away from their hands. Prices have reach a saturation level and the only way is down. Why buy re-sale when you can easily buy from developer.  |
|
|
 |
|
|
Guest
|
|
01 Apr 08 5:27 pm |
BUY LAH
SELL LAH
[color=red]WHY TALK SO MUCH, GOT MONEY BUY
NO MONEY SELL LAH[/color] |
|
|
|
|
|
Guest
|
|
02 Apr 08 2:47 am |
| MasterChief wrote: | | Anonymous wrote: | | MasterChief wrote: | To the person who posted before me; where do you get your news source from? If the source is local, I ain't trusting it as the media is controlled and the govt likes to hype things up here.
As for this post on page 6:
| Anonymous wrote: | sad to say ..nothing is cheap in singapore now
even HDB asking for High prices
Property prices will go down , i doubt so
Sillyporeans might think that wow so expensive
but to those rich ppl in arab , UK , HK and indo
It is so much cheaper then their own country
Just by posting craps here can bring the prices down?
Want to challenge with those millionairs and billionairs
i doubt so
This world is driven by Rich ppl not those who talk a lot
but actually trying to struggle to even own a small condo unit
This is Life
have to accept it............ |
Where the hell did this come from? You say that prices are CHEAP here? Rental is through the roof and unacceptable. I used to live in Switzerland and I can tell you that for a rental of 2k SGD a month you can get a decent heat insulated / soundproofed 2+1+1 apartment, properly renovated in mint condition.
Here what can you get for 2k rental? A lousy rotting conditioned HDB where you can hear everything that goes on beyond your walls, and where people walking by can peek into your living room. I am currently staying at a friends place in holland v. Its a house with its own tiny garden; there is no sound insulation, and the "window" for the room I stay in is peices of sliced glass - that means it does not close properly which translates into conversations taking place on the street being so audible that they might as well be happening on my room. She is paying 2.3k for that house and rental is set to increase to at least 3k+, possibly even 4k. For that kind of money you can rent a top grade 3+1 apartment with full view of mountains and lake in Switzerland, elevator that GOES DIRECTLY INTO APARTMENT, floor heating and sound insulation that is so advanced that if you close the window, the neighbors house can be on fire you would not hear a thing!
And no, I do not have to "accept it" - I can just leave this country anytime. People like myself will not put up with this kind of property abuse indefinataly. Those who can afford to move out of this country WILL move out. Then singapore will be stuck with some 90-95% of the struggling-unable-to-retire population living their lives to serve the uber rich. What truly cracks me up though is how people here are so proud of their nation despite how the govt continues to screw them by tightening the land supply to increase the demand. This is done in order to keep the prices where they want it: high. |
Swiss cheap?
must be kidding
can we buy a plate of chicken rice for 3 bucks there?
can we buy a can of coke for a dollar?
try asking a auntie to go to swiss and stay
 |
Point taken. Food is much more expensive there forcing people to cook at home which is much less convenient. But i DID forget to mention one crucial thing about Switzerland: not only are rentals much better value for money and cheaper, salaries are 2-3x higher then this place. So in effect, you earn 2-3x more, pay the same or less for a much more comfy place. Here you earn less and pay more for your rental. |
let me tell u friend, u are insulting 90% of the singaporean who stay in HDB flat "A lousy rotting conditioned HDB where you can hear everything that goes on beyond your walls" .... nothing is cheap in singapore, housing is expensive, car is expensive, there are ERP on the road, even taxi fare increase, rice has increase 20% overnight, everything is money... if u find swittzealand is cheap, by all means....the choice is yours... noboby forcing u to stay in "our lousy rotting HDB flat"....
|
|
|
|
|
|
Guest
|
| Re: Price increasing for singapore property ! |
02 Apr 08 3:22 am |
| Anonymous wrote: | Singapore property downturn has overlong lasting from 1997 until 2007 then pick up in about 30%. for those people who are interested in long term investment in property, better buy now since the market has slow down a bit before it is too late.. don't expect for fall 20% from the current level, that is history.... for district 9 Dhoby Ghaut MRT, river valley area.
all future near MRT condo are selling $1000 up (minimum) so dun't expect district 9 to come any closer to this range....
with the economy slowing down, investment in share market has taken a bitten, US interest rate cut of 0.75 percent to 3.5%....smart people will transfer their money investment to a save heaven which is property sector in singapore which has not been raisen so much as compare to those asian countries...about 30% for 2007....
singapore has attracted new investment and created another 8000 new jobs in the last quarter of 2007. more foreign are expected to come into singapore. Even more jobs creation when the casino start to operate, more foreigner will come into singapore....singapore infractstucture have improved since 1997 and the proper market has slowed down for about 10 years, year 2007 is the first year proper market pick up, it will not die down so soon..... mininum expect to grow for at least 5 - 10 years. as long as economy grow, property price will increase accordingly. Even with a higher inflation rate, property price will grow faster that means (economy + inflation) rate together....
I am a long term investor in parc emily since it launch in 2005.... can fetech high rental return value, at $1400 level near Dhoby Ghaut MRT. Do you know that wakie edge 100+ apartment is not for sale, developer are not selling those units for no reason, SMU and Casino is nearby mount sohpia emily with walking distance to MRT, new launching at nearby area between $1600 to $1773 psf for CDL and another new Sophia road development.
latest 600 sft selling $1 million new launch
wah, very tempted to sell to take profit but i think i will hold for longer term.....
future price appreciation in the mount emily and sophia area is tremendous.....watch out |
my prediction is right, the best time to buy, the 3 months selective buying windows is over now....from jan to march 2008....... the latest URA report "Prices in these central areas increased 7.7% in January to March, compared with the October to December period." so remember all newly TOP owner, especially those bought in 2005, u know the market well.... buyer can wait, rent for 2 years for double gain, rental and price appreciation..... all FOLLOWER, BIG TIME MISS the BOAT, DIVA KING, BACKSIDE FOLLOWER definitely cannot tahan the latest bomb news !!! rental continue to increase !!! property price continue to increase in a healthy manner.... !!! FOLLOWER continue to help ppl to retire !!! we need FOLLOWER to support singapore economy !!!
definitely they will "CUT & PASTE" more bubble stories !! lets see where are FOLLOWERS going to get those wonderful stories !!   |
|
|
|
|
|
Guest
|
|
02 Apr 08 10:08 am |
As I predicted earlier, STI will not be able to sustain below 2800.
In no time, it will push toward 3500 level & if I'm correct by year end or earlier next year.. try for the resistant level at 3900 again!! |
|
|
|
|
|
MasterChief
Guest
|
|
02 Apr 08 10:35 am |
| Anonymous wrote: |
let me tell u friend, u are insulting 90% of the singaporean who stay in HDB flat "A lousy rotting conditioned HDB where you can hear everything that goes on beyond your walls" .... nothing is cheap in singapore, housing is expensive, car is expensive, there are ERP on the road, even taxi fare increase, rice has increase 20% overnight, everything is money... if u find swittzealand is cheap, by all means....the choice is yours... noboby forcing u to stay in "our lousy rotting HDB flat"....
|
Yes my comments are insulting, my apologies for those who are forced to live in HDB flats. I am not directing my insults on them but rather on the ruling elite who stuff their citizens into what are essentially housing projects.
The ruling elite use the land acquisition act to hold on to plots of undeveloped land for up to decades. They control the property market by controlling the supply, squeezing it and using market value to sell. They use law to buy, and market price to sell, so ultimately they cannot lose.
Then they make certain that you guys use your CPF to pay for your HDB all the while hiding the TRUE construction costs for the HDB unit in question. For example your unit may have cost 50k to construct, but they sold it to you for 250k. Where does that 200k come from? Your retirement fund (CPF) of course! Then they go ahead and push with these pathetic mandatory renovation schemes, forcing you to fork out even more cash that was meant for your retirement.
Before your know it, you are 65, back on the streets, driving a taxi in which a good portion of the fares that you charge your passengers goes to the govt. See the big picture? I will tell you what really DOES disgust me about some of the people here - while they are being played around like fools by the ruling elite, a lot of them still take pride in attending govt sponsored events such as national day and whatnot. I know you guys don't have the ability to protest against the ruling party but at least have the decency and SELF RESPECT to boycott any such organized events. Wake up, people!
As for myself might have to consider HDB if I want to continue to remain here. I certainly hope that the property prices will tumble, but I do know that the govt here will do everything in their power to prevent that from happening.
The money that caused the property to go up is from abroad; as long as foreigners believe in new ideas from our Gov, the property will be propped up. Look at the recent budget statement - abolish estate duty; what does that mean? It means to get the uber rich to park their money here. It will create jobs and sky high property prices and a permanent underclass will be formed. That is why they need to control the media and control the police, judges etc .. so that u cannot challenge them within the system.
I do hope that the upcoming recession in the US takes a serious bite into the value of the property market here. I also heard that foreigners are becoming much more wary of investing here - good news! |
|
|
|
|
|
Guest
|
|
02 Apr 08 12:03 pm |
WHY THE SINGAPORE GOV
WANT TO MAKE SURE EVERY FAMILY OWN A HOUSE?
BECAUSE ITS A LONG TERM INVESTMENT THAT THEY CAN FALL BACK.
YES YOU ARE RIGHT. PRICE IS STILL GOING UP |
|
|
|
|
|
Guest
|
|
02 Apr 08 12:03 pm |
| PRICE, PRICE GOING UP |
|
|
|
|
|
MasterChief
Guest
|
|
02 Apr 08 2:40 pm |
| Anonymous wrote: | WHY THE SINGAPORE GOV
WANT TO MAKE SURE EVERY FAMILY OWN A HOUSE?
BECAUSE ITS A LONG TERM INVESTMENT THAT THEY CAN FALL BACK.
YES YOU ARE RIGHT. PRICE IS STILL GOING UP |
No dude, they are coming DOWN. What planet are you living on? |
|
|
|
|
|
Guest
|
| Is HDB resale price going down !!!!!! |
02 Apr 08 4:42 pm |
From HDB Website:( www.hdb.gov.sg)
Buyers with more immediate housing needs should consider purchasing a resale HDB flat where eligible first-timers can apply to enjoy a CPF Housing Grant of $30,000/$40,000, as well as the Additional CPF Housing Grant of up to $30,000. While resale prices have risen in the past year, there is nonetheless still a wide range of affordable resale flats available to meet the budget of most flat buyers. HDB’s records show that in Feb 2008, about a quarter of the resale flats were transacted at prices not exceeding $10,000 above market valuation. These included transactions in the more established towns such as Ang Mo Kio, Bedok, Tampines and Yishun |
|
|
|
|
|
Guest
|
|
02 Apr 08 5:25 pm |
| while you buy a hdb at a discount, you could sell later at market price what. so what is the big hoo har |
|
|
|
|
|
kian08
Joined: 02 Jan 2007
Posts: 89
|
|
02 Apr 08 5:29 pm |
| Prices remain steady but rents keep going up! With global markets stabilising - the much anticipated recession's not going to happen in the next 2 - 3 years! |
|
|
|
|
|
Guest
|
|
02 Apr 08 6:52 pm |
| MasterChief wrote: | | Anonymous wrote: | WHY THE SINGAPORE GOV
WANT TO MAKE SURE EVERY FAMILY OWN A HOUSE?
BECAUSE ITS A LONG TERM INVESTMENT THAT THEY CAN FALL BACK.
YES YOU ARE RIGHT. PRICE IS STILL GOING UP |
No dude, they are coming DOWN. What planet are you living on? |
ITS ALL TALK, U had been saying Price coming down for few mths already
Yes price sure will come down every one knows wat
got rise than got down, than go up again few years later go down and ......
CHEAP TALK ONLY |
|
|
|
|
|
Guest
|
|
02 Apr 08 6:54 pm |
ITS ALL TALK, U had been saying Price coming down for few mths already
Yes price sure will come down every one knows wat
got rise than got down, than go up again few years later go down and ......
CHEAP TALK ONLY |
|
|
|
|
|
Guest
|
|
02 Apr 08 7:12 pm |
| Anonymous wrote: | | MasterChief wrote: | | Anonymous wrote: | WHY THE SINGAPORE GOV
WANT TO MAKE SURE EVERY FAMILY OWN A HOUSE?
BECAUSE ITS A LONG TERM INVESTMENT THAT THEY CAN FALL BACK.
YES YOU ARE RIGHT. PRICE IS STILL GOING UP |
No dude, they are coming DOWN. What planet are you living on? |
ITS ALL TALK, U had been saying Price coming down for few mths already
Yes price sure will come down every one knows wat
got rise than got down, than go up again few years later go down and ......
CHEAP TALK ONLY |
Actually is very normal for any missed the boat hoping for any down or correction... some even try their lucky by saying collapse or crash...
But when talk about S'pore property.. one thing for sure is that every up it will break its previous high.. but every down it will never break its previous low. Properties are sure a long term investment.. so when to buy or sell is up to individual lah! |
|
|
|
|
|
Guest
|
|
02 Apr 08 9:33 pm |
| expect the unexpected. Dow Jones Industrial Average going to 36000! |
|
|
|
|
|
Guest
|
|
02 Apr 08 9:45 pm |
Bernanke Warns of Possible Recession
Wednesday April 2, 9:41 am ET
By Jeannine Aversa, AP Economics Writer
Bernanke Warns of Possible Recession Without Using the Word
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke warned Congress on Wednesday that the economy may shrink over the first half of this year, which would signal the start of a recession. Yet, he didn't offer assurances of further interest rate cuts.
In prepared testimony to Congress' Joint Economic Committee, Bernanke didn't use the word recession. But it's the closest he has come to date to suggesting that possibility, given a trio of crises -- housing, credit and financial -- that has pummeled the country.
"It now appears likely that gross domestic product (GDP) will not grow much, if at all, over the first half of 2008 and could even contract slightly," Bernanke told lawmakers. GDP measures the value of all goods and services produced within the United States and is the best barometer of the United States's economic health. Under one rule, six straight months of declining GDP, would constitute a recession.
Still, Bernanke said that he expects more economic growth in the second half of this year and into 2009, helped by the government's $168 billion stimulus package of tax rebates for people and tax breaks for businesses as well as the Fed's aggressive reductions to a key interest rate. Nevertheless, the chairman acknowledged uncertainty about the Fed's next steps, notwithstanding the mounting economic woes.
"Much necessary economic and financial adjustment has already taken place, and monetary and fiscal policies are in train that should support a return to growth in the second half of this year and next year," Bernanke said.
To try to limit the damage, the Federal Reserve has aggressively cut a key interest rate, now at 2.25 percent, to spur buying and investing by individuals and businesses. At the Fed's last meeting in March, however, two members dissented from the Fed's decision to sharply cut rates, showing a rare division in the often unified front the Fed shows the public. The dissenting officials favored a smaller reduction.
Nonetheless, many economists had predicted the Fed might drop it key that rate again when it next meets April 29-30.
Housing, credit and financial woes are threatening to push the country into a deep recession. The situation has emerged as a top concern for presidential contenders and a hot-button issue for Congress. It has thrust the White House and the Fed in crisis-management mode.
Faced with mounting home foreclosures and job losses, Bernanke has been under immense political and public pressure to provide relief and help turn around a faltering economy.
"Clearly, the U.S. economy is going through a very difficult period," he told lawmakers, adding that all the problems have weighed heavily on consumers whose spending is indispensable to economic vitality.
Many private analysts believe the economy contracted in the first three months of this year, signaling the start of a recession. The government releases first-quarter results later this month. The economy lost jobs in January and February, with many economists bracing for more losses when the report for March is released on Friday.
Bernanke said he expected unemployment to move "somewhat higher in coming months."
The Fed also has taken a series of extraordinary steps in recent weeks and months to prop up the nation's financial system, which has been in state of high jeopardy.
In a controversial move, the Fed backed a $29 billion lifeline as part of JP Morgan's deal to take over the troubled Bear Stearns, the nation's fifth largest investment house, which was on the brink of bankruptcy. Bear Stearns had invested heavily in risky mortgage-backed securities that eventually soured with the collapse of the housing market.
Bernanke defended the move. "With finanical conditions fragile, the sudden failure of Bear Stearns likely would have led to a chaotic unwinding of positions in those markets and could have severely shaken confidence," he said. "The damage caused by a default by Bear Stearns could have been severe and extremely difficult to contain."
In addition, the Fed -- in the broadest use of its credit authority since the 1930s -- agreed to temporarily let big investment firms obtain emergency financing from the Fed, a privilege that previously had been granted only to commercial banks.
Those actions have prompted criticism from Democrats and others who contend that the Fed is bailing out Wall Street and putting billions of taxpayers' dollars at potential risk. Fed officials and the Bush administration say the actions were warranted to avert a potential meltdown in the entire financial system, something that would have devastating consequences for the overall economy. |
|
|
|
|
|
Guest
|
|
02 Apr 08 9:46 pm |
| Anonymous wrote: | | expect the unexpected. Dow Jones Industrial Average going to 36000! |
Expect the unexpected, Motorola Singapore is closing down over 700 employees will be affected.  |
|
|
|
|
|
Guest
|
|
02 Apr 08 9:56 pm |
| Anonymous wrote: | | Anonymous wrote: | | expect the unexpected. Dow Jones Industrial Average going to 36000! |
Expect the unexpected, Motorola Singapore is closing down over 700 employees will be affected. |
So those foreign company coming in to setup shop here... expecting or unexpecting looking into 5000 or 10000 to be filled up by local & foreigners? |
|
|
|
|
|
|
|
