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 15 Apr 08 8:41 pm |
| Anonymous wrote: | | stock market bottoming, it is time to buy properties |
Actually there's no such thing as bottom. If we are talking about bottom.. that is the time when gov build it first HDB in Taman Ho Swee or the private developers build the very first batch of private property.
We all know that properties is only up & up in the long run.. any down is just a correction be it major or minor. And whoever talking big about crashing or collapse, are those actually looking for any buying opportunities if they have the money standing by, cos they have missed the boat early.
Unless S'pore is falling back to 70s or 80s living standard, then we should be able to see price falling back to that level. |
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15 Apr 08 9:49 pm |
property isnt a good investment class right now.
Too much risk and little upside. Its crazy to invest so much money on it.
Like putting all your money in one basket.
That money can be put to better use for those who know. Much better returns with risk not much more than property class and much better liquidity.
People become too blinded by property because it is a very tangible asset class. You can look at it and admire it. On the other hand equities and other investment instruments might be invisible, but they multiply your money much faster.
Property investment is old school now. For old men.
For young, buy a property to live in and maybe one other. Use rest of the money on other investment instruments.
Enjoy life and dont have your money stuck up in brick and mortar. |
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15 Apr 08 10:04 pm |
| Anonymous wrote: | property isnt a good investment class right now.
Too much risk and little upside. Its crazy to invest so much money on it.
Like putting all your money in one basket.
That money can be put to better use for those who know. Much better returns with risk not much more than property class and much better liquidity.
People become too blinded by property because it is a very tangible asset class. You can look at it and admire it. On the other hand equities and other investment instruments might be invisible, but they multiply your money much faster.
Property investment is old school now. For old men.
For young, buy a property to live in and maybe one other. Use rest of the money on other investment instruments.
Enjoy life and dont have your money stuck up in brick and mortar. |
Good view, noted.... |
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15 Apr 08 10:55 pm |
to some ppl property and stock is nighmare, to me property and stock is my goldmine, different ppl got diff view depend whether they make money, the same old phase, invest in yourself before making any stock or property investment....  understand the bear and bull of stock and property market....simple  |
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15 Apr 08 11:11 pm |
| Anonymous wrote: | | to some ppl property and stock is nighmare, to me property and stock is my goldmine, different ppl got diff view depend whether they make money, the same old phase, invest in yourself before making any stock or property investment.... understand the bear and bull of stock and property market....simple |
Diva & followers will not understand what you mean lah.. they are the failure in property & stock market.. from beginning till only now watching ppl buying & selling.. then then telling ppl how smart they are!!  |
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16 Apr 08 12:00 am |
as i say before, the 3 mth selective buying windows starting from Jan has come true and sales has started to pick up in March.....
Private Home Sales Leapt 80% in March from February
Ng Baoying
Channel NewsAsia
Tuesday, 15 April 2008, 2010 hrs
There are signs the property market in Singapore might be making an about-turn following its muted start to the year. Figures released by the Urban Redevelopment Authority (URA) show that the number of private homes sold in March leapt 80% from the month before, signalling improved buyer sentiment.
And developers were even more positive. They launched more than 600 units for sale in March - about 85% more than the month before, and the highest in 7 months.
Analysts said they expect to see more units being placed on sale in the months to come.
Donald Han, Managing Director of Cushman & Wakefield, Singapore, said: “Moving forward we expect more launches taking place in the second quarter of this year. While there are generally not a slew of new launches, a lot of developers have re-launched their projects. Re-launched in the sense (they) have started to price properties at more realistic levels.
“Early part of year, it's not too effective to start pricing there. But now we are well into 2008. There are developers who are certainly using pricing to attract more positive sentiment to lure the buyers out."
Still, developers have some way to go before the property market even begins to resemble that of its heydays last year.
A closer look at the numbers show that most of the increase in sales came from the high-end market where sales jumped 80%, compared to a 31% hop in suburban region sales.
For now, it seems that mass market buyers will still be holding back in hope of better deals to come.
Analysts are also quick to note that the ratio of launches to sales in March still remain at February levels at 47.5% to 46.4%.
Nicholas Mak, Director of Knight Frank, said: "At first glance, it seems like sales figures in March have improved over February. The numbers moved back to about the same level as in January or December. But on closer analysis we find that the take-up has weakened. Typically about 70 to 90% of units launched are sold. Right now that figure has fallen to about 50%, same as February."
But overall, analysts said the private home market data for March should still put a smile on the faces of those in the industry, given the current economic climate due to the bad news from the US and its ensuing ripple effect worldwide. |
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16 Apr 08 7:05 am |
| Anonymous wrote: | US Housing Woes Spread Across Globe
CNBC.com--------------------------------------------------------------------------------
This synchronized global slowdown, which has become increasingly stark in recent months, is hobbling economic growth worldwide, affecting not just homes but jobs as well.
In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one, will face an even more wrenching adjustment than that of the United States, including the possibility that the downturn could become a wholesale collapse.
To some extent, the world’s problems are a result of American contagion. As home financing and credit tightens in response to the crisis that began in the subprime mortgage market, analysts worry that other countries could suffer the mortgage defaults and foreclosures that have afflicted California, Florida and other states.
Citing the reverberations of the American housing bust and credit squeeze, the International Monetary Fund last Wednesday cut its forecast for global economic growth this year and warned that the malaise could extend into 2009. |
It's a global meltdown..... |
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16 Apr 08 9:40 am |
| property sales up in march |
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16 Apr 08 10:10 am |
| Anonymous wrote: | | Anonymous wrote: | US Housing Woes Spread Across Globe
CNBC.com--------------------------------------------------------------------------------
This synchronized global slowdown, which has become increasingly stark in recent months, is hobbling economic growth worldwide, affecting not just homes but jobs as well.
In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one, will face an even more wrenching adjustment than that of the United States, including the possibility that the downturn could become a wholesale collapse.
To some extent, the world’s problems are a result of American contagion. As home financing and credit tightens in response to the crisis that began in the subprime mortgage market, analysts worry that other countries could suffer the mortgage defaults and foreclosures that have afflicted California, Florida and other states.
Citing the reverberations of the American housing bust and credit squeeze, the International Monetary Fund last Wednesday cut its forecast for global economic growth this year and warned that the malaise could extend into 2009. |
It's a global meltdown..... |
One of the failure speaking.... |
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16 Apr 08 6:34 pm |
| JP Morgan now has counterparty risk to over USD100trn of derivative exposure |
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16 Apr 08 7:20 pm |
| one day in the future, one would not dare to tell others he is an investment banker because he would be murdered by many people, especially those who were cheated into dubious mortgage, who were made poor by the investment banking industry. |
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16 Apr 08 7:49 pm |
| Anonymous wrote: | | Anonymous wrote: | US Housing Woes Spread Across Globe
CNBC.com--------------------------------------------------------------------------------
This synchronized global slowdown, which has become increasingly stark in recent months, is hobbling economic growth worldwide, affecting not just homes but jobs as well.
In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one, will face an even more wrenching adjustment than that of the United States, including the possibility that the downturn could become a wholesale collapse.
To some extent, the world’s problems are a result of American contagion. As home financing and credit tightens in response to the crisis that began in the subprime mortgage market, analysts worry that other countries could suffer the mortgage defaults and foreclosures that have afflicted California, Florida and other states.
Citing the reverberations of the American housing bust and credit squeeze, the International Monetary Fund last Wednesday cut its forecast for global economic growth this year and warned that the malaise could extend into 2009. |
It's a global meltdown..... |
(a) Property market in Singapore will see a crash towards the end of this year. The reasons are as follows:
(a) High number of units getting TOP. From my own study, I realised that thousands of prime units are coming to TOP in the 3rd/4th Quarter 2008 and these are prime projects like The Sail, developments at Sentosa Cove, The Seaview, RiverEdge, Watermark, The RiverGates, Cosmopolitan etc etc....All these developments are priced by sellers from a low of $1.8 million for a 2 bedroom to a high of $3 million or more for 3 bedroom. Looking at the asking prices, and the fact that TOP is coming soon, I am expecting a major correction in the 3rd or 4th quarter cause RENTAL is cooling down. Working out at 5% rental per annum, a landlord needs to rent out a 2-bedroom for $8k minimum to earn such returns. This feat is as good as IMPOSSIBLE. Presently, a small 2 bedroom condo in District 9 can only get rental at maximum $6,500. So, we can deduce that the asking prices are bogus prices and dont reflect ROI.
- Singapore has one of the lowest ROI (%) in ASEAN region. Thailand (8%), KL (8%), Vietnam (9%), Indonesia (11%). This makes Singapore property the least attractive to invest in as of now. As such, I have redirected some of my investments overseas to earn better returns and stable property prices. So be prepared for a major price corrections coming soon in Singapore.
(b) With the inflation rate going higher and higher every month, the Singapore government ultimately has to come in to control it, otherwise this will lead to great unhappiness among its population. As such, the only way to control it is to increase the interest rate. When interest rate goes up, price will come down. This is basic economics. As such, cost of borrowing will start to shoot up from its low now. The current low interest rate is unsustainable with the unbearable inflation. As such, we might see panicking come into the market when sellers realise the growing cost of borrowing while rental is coming down, or when they come to terms to realise that its difficult to get tenants in bad economic times.
(c) There will be fewer and fewer tenants as most tenants have either already become owners of their own units or they have already become tenants in the first place. As such, with the massive 20,000 units coming into the market in 2008/2009, I am able to foresee a major panic developing soon among sellers to get rid of their units.
(d) Some developers have already started to withdraw from enbloc sales. This is a bad sign that property market is going through a major downturn, otherwise why would they want to withdraw ?? Good news is there will be lesser new units in the pipeline but the bad news is there will be lesser enblockees who have large chunks of money to spend on properties. In addition, some of these enblockees who have bought new properties in advance might have to get rid of them at a discount. So the good effects cancel the negative effects. But unfortunately the news itself carries more negative weight than anything. If the big players have no confidence in Singapore property market, then what about peanuts like you and me ??
(e) Last year's increase in property prices were astronomical and unbelievable. What I can deduce is it was guided by developers greed and no way representative of supply and demand. In addition, property agencies were also partly responsible for the crazy prices. Unfortunately, this year is a year when sellers have to face the actual reality cause their units will TOP soon and thats when we can witness for ourselves how much rental can their units get in relation to their asking prices. That also depends if they can get tenants in the first place. Singapore is just like a miniature USA in the making. What we see happening in the US will soon happen in Singapore on a smaller scale. But i supposed the price drop in Singapore will be more catastrophic since the price increase here is astronomical.
(f) Singapore's property developments seem to rely entirely on IR, F1 and the assumption that there will 6.5 million residents by 2020. However, these factors are now already out of steam. Korea, Thailand, Malaysia, Japan and Philippines are now planning to have their own IRs while F1 grand prix is also happening in Malaysia with not much hype. I cant see the connection between F1, IR and Youth Olympics with demand for properties in Singapore. Perhaps to a certain extent, higher demand for hotel occupancy during these few days. But visitors buying Singapore properties just because of F1, IR etc ?? Does it make any sense at all ??? Does Singapore has that exclusive right to have IR, F1 and Olympics ?? Also, will Singapore seriously have 6.5 million population ?? In bad economic times, the number of people coming here will also drop cause there aint going to be jobs for them here.
(g) The world is undergoing a major financial crisis as well as crisis of confidence. In no way will investors spend big money to buy properties in Singapore knowing that the price now is at its peak and its dropping while ROI (rental) is the lowest in the region. Only silly investors will do that. What we can safely see now is a correction back to end 2006 prices by end of this year or early next year to make it justifiable to invest back again in Singapore properties. Otherwise, in the short term it is worth to consider overseas properties - I am choosing Bangkok, Jakarta, UAE and Vietnam properties due to their high ROI and growth potential.
(h) The US has not yet announced that it is going into RECESSION. Once this is officially announced, you will see the rippling effects all over the world. I have seen this effect a few times in the past 15 years and how it affects export-oriented countries like Singapore and its property market. So dont buy property now unless you are real stupid. Wait till RECESSION is official. From the ongoing trend, my take is that the RECESSION announcement will come towards the end of this year or earlier and it will last for quite sometime at least for 2 years. Even when it recovers, its not going to be good news for property sellers cause interest rates will already have shot up and we will have an aggregate total of over 60,000 units already in the supply by 2011.
As such, my advise is dont buy any property in Singapore now until the picture is clearer in 3rd/4th quarter. You could consider overseas properties if you have spare cash.[/b]
Optimists here will not believe me but guess we have to wait till end of this year to know what I say bears any truth or not. |
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16 Apr 08 11:24 pm |
write so long also useless, the market is not performing as what u are expected.. another buyer called me today asking me how low am i willing to let go my newly TOP property, i tell him "UNCLE NOW THE PRICE IS PICKING UP, U SHOULD ASK ME HOW HIGH AM I WILLING TO LET GO, I TOLD HIM THAT I AM NOT SELLING NOW, MIGHT CONSIDER 2 YEARS LATER" uncle not happy, very hottttt hung up my phone..... lan lan uncle thought that they can pick up cheap cheap.... wait long long .....  |
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17 Apr 08 9:24 am |
| Anonymous wrote: | | write so long also useless, the market is not performing as what u are expected.. another buyer called me today asking me how low am i willing to let go my newly TOP property, i tell him "UNCLE NOW THE PRICE IS PICKING UP, U SHOULD ASK ME HOW HIGH AM I WILLING TO LET GO, I TOLD HIM THAT I AM NOT SELLING NOW, MIGHT CONSIDER 2 YEARS LATER" uncle not happy, very hottttt hung up my phone..... lan lan uncle thought that they can pick up cheap cheap.... wait long long ..... |
So you are the one la, got STUCK ha ha ha
TOP liow can not SELL, Lower your price also no buyer
want to rent out also can not cover loan
ha ha ha |
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17 Apr 08 9:48 am |
| Anonymous wrote: | | Anonymous wrote: | | write so long also useless, the market is not performing as what u are expected.. another buyer called me today asking me how low am i willing to let go my newly TOP property, i tell him "UNCLE NOW THE PRICE IS PICKING UP, U SHOULD ASK ME HOW HIGH AM I WILLING TO LET GO, I TOLD HIM THAT I AM NOT SELLING NOW, MIGHT CONSIDER 2 YEARS LATER" uncle not happy, very hottttt hung up my phone..... lan lan uncle thought that they can pick up cheap cheap.... wait long long ..... |
So you are the one la, got STUCK ha ha ha
TOP liow can not SELL, Lower your price also no buyer
want to rent out also can not cover loan
ha ha ha |
BIG TIME MISS THE BOAT, got no property to sell, no property to rent to others, got no property for own self stay, but always laugh at ppl selling their property, renting their property, even ppl buy property for own self stay, take bank loan.....still laugh at ppl pay bank loan..... i am not surprise BIG TIME MISS THE BOAT got problem taking loan from the banks.  |
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17 Apr 08 9:51 am |
[quote="Anonymous"] | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | who the hell is this BIG TIME MISS THE BOAT FOLLOWER, identify yourself and put in your initial "KIDS" whenever u post again. |
Don't worry too much about BIG TIME MISS THE BOAT FOLLOWER, worry about yourself...in your sinking boat .....Abandon Ship .. |
my abandon sinking ship was taken up by BIG TIME MISS THE BOAT, they lan lan still wanted to stay in my abandon ship....  |
friend how worst is your abandon ship ? |
[size=16]my abandon boat supper bowl not able to flush, BIG TIME MISS THE BOAT create their "daily business" time in this overflow supper bowl.... !!! |
What the hell, really BIG TIME ABANDON SHIP TAKEN BY BIG TIME MISS THE BOAT !! |
my abandon sinking ship was taken up by BIG TIME MISS THE BOAT, they lan lan still wanted to stay in my abandon ship.... even my abandon boat supper bowl not able to flush, BIG TIME MISS THE BOAT create their "daily business" time in this overflow supper bowl.... !!! |
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17 Apr 08 10:29 am |
Published April 17, 2008
Property market seen growing on a strong Sing dollar
Fast income growth, falling interest rates will keep the sector buoyant, says report
HERE'S some good news for those feeling down after recent bearish reports on the local property market.
Canadian-based BCA Research this week issued a Buy Singapore Property Stocks report, arguing that a strong Singapore dollar will depress interest rates, which will continue to fuel the property market.
It also pointed to strong income growth and other fundamentals - for instance, the transformation of Singapore's economy and favourable supply-demand dynamics - which it says will continue to underpin the Singapore real estate bull market.
'While real estate prices in Singapore have been rising for a while, the pace of appreciation is unlikely to slow much given the solid fundamentals of this market,' BCA Research argues.
'The bull market in property stocks will resume given the positive backdrop of the real estate sector. The valuations of real estate stocks have become very attractive, based on almost all price ratios. Dividend yields for this sector, at 2.1 per cent, compare extremely favourably with domestic bonds that are yielding 1-2 per cent.
'Property stocks have underperformed the Singapore equity benchmark since early 2007 and it appears a trend reversal is under way.'
In its report, the research house notes that the supply-demand dynamics in Singapore's real estate market are positive and valuations are not overly expensive. The government's measures last year have cooled housing activity somewhat, which has dented the performance of real estate stocks, BCA notes.
'Nevertheless, strong income growth and depressed interest rates suggest that the property market in Singapore will stay buoyant,' it adds.
The report also says that 'when measured against the long-term trend of income per capita, property prices are still in a catch-up phase after a major undershoot in the aftermath of the Asian crisis'.
Housing affordability has not yet deteriorated, thanks to fast income growth and a plunge in interest rates. Rental yields have gone up as rent increases have been outpacing property prices.
'Rising rental yields in the wake of plunging interest rates are not sustainable, as the arbitrage opportunity will be exploited,' says BCA. 'Given the supply-demand dynamics in Singapore's real estate market, a further increase in property prices is the most likely scenario at the moment. Despite the three-year dramatic appreciation in property prices, housing supply has not become excessive.'
According to BCA, the supply of residential and office real estate is far from the level at the peak of the last bubble in 1996. It also says the impact of scrapping the Deferred Payment Scheme in slowing activity in the housing market appears to be waning.
The Singapore economy is also unlikely to weaken substantially during this global growth downturn, as it has become more diversified in recent years. |
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17 Apr 08 10:36 am |
| Anonymous wrote: | Published April 17, 2008
Property market seen growing on a strong Sing dollar
Fast income growth, falling interest rates will keep the sector buoyant, says report
HERE'S some good news for those feeling down after recent bearish reports on the local property market.
Canadian-based BCA Research this week issued a Buy Singapore Property Stocks report, arguing that a strong Singapore dollar will depress interest rates, which will continue to fuel the property market.
It also pointed to strong income growth and other fundamentals - for instance, the transformation of Singapore's economy and favourable supply-demand dynamics - which it says will continue to underpin the Singapore real estate bull market.
'While real estate prices in Singapore have been rising for a while, the pace of appreciation is unlikely to slow much given the solid fundamentals of this market,' BCA Research argues.
'The bull market in property stocks will resume given the positive backdrop of the real estate sector. The valuations of real estate stocks have become very attractive, based on almost all price ratios. Dividend yields for this sector, at 2.1 per cent, compare extremely favourably with domestic bonds that are yielding 1-2 per cent.
'Property stocks have underperformed the Singapore equity benchmark since early 2007 and it appears a trend reversal is under way.'
In its report, the research house notes that the supply-demand dynamics in Singapore's real estate market are positive and valuations are not overly expensive. The government's measures last year have cooled housing activity somewhat, which has dented the performance of real estate stocks, BCA notes.
'Nevertheless, strong income growth and depressed interest rates suggest that the property market in Singapore will stay buoyant,' it adds.
The report also says that 'when measured against the long-term trend of income per capita, property prices are still in a catch-up phase after a major undershoot in the aftermath of the Asian crisis'.
Housing affordability has not yet deteriorated, thanks to fast income growth and a plunge in interest rates. Rental yields have gone up as rent increases have been outpacing property prices.
'Rising rental yields in the wake of plunging interest rates are not sustainable, as the arbitrage opportunity will be exploited,' says BCA. 'Given the supply-demand dynamics in Singapore's real estate market, a further increase in property prices is the most likely scenario at the moment. Despite the three-year dramatic appreciation in property prices, housing supply has not become excessive.'
According to BCA, the supply of residential and office real estate is far from the level at the peak of the last bubble in 1996. It also says the impact of scrapping the Deferred Payment Scheme in slowing activity in the housing market appears to be waning.
The Singapore economy is also unlikely to weaken substantially during this global growth downturn, as it has become more diversified in recent years. |
followers can continue to rent |
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17 Apr 08 10:50 am |
| big time follower to continue renting my sinking boat... |
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