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 12 Sep 08 11:37 pm |
| the en bloc people really spoil the market, and the PRs who bought at its peak are those who are kan cheong about their current cash flow or plain stupi*. market cycle (up & down) is a REALITY. we cannot copy HK (which have high-er property prices for long time) because its anchored to China & there exist a different ball game, while SG is small, self-reliant, and must be competitive INSIDE & OUT. i am a (would be) first time buyer and will still wait for the prop to cool down so i'm hanging with you guys here. the signs of global 'recession' is clear now, if most people would still say prop prices will still go up & up, we are blind & may detach from reality soon. if prices do really hold up, then its a boom(?) being dictated instead of being influenced by the open market. if really 'nobody's going to be left behind...' HDB especially (its supposed to be for public housing) should be made affordable for EVERYBODY. |
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13 Sep 08 12:33 am |
| Anonymous wrote: | | the en bloc people really spoil the market, and the PRs who bought at its peak are those who are kan cheong about their current cash flow or plain stupi*. market cycle (up & down) is a REALITY. we cannot copy HK (which have high-er property prices for long time) because its anchored to China & there exist a different ball game, while SG is small, self-reliant, and must be competitive INSIDE & OUT. i am a (would be) first time buyer and will still wait for the prop to cool down so i'm hanging with you guys here. the signs of global 'recession' is clear now, if most people would still say prop prices will still go up & up, we are blind & may detach from reality soon. if prices do really hold up, then its a boom(?) being dictated instead of being influenced by the open market. if really 'nobody's going to be left behind...' HDB especially (its supposed to be for public housing) should be made affordable for EVERYBODY. |
What you said is very true. We first time buyers have been priced out of the market. If commit to such high loan so early in career, I fear I wont be able to enjoy the smaller joys of life. Will have expensive roof over head but have to think every time I want to eat out or go for a holiday once in while.
Trying my luck with balloting.. Till then stay with parents, no other option. Privacy gone...how to enjoy marriage life.  |
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13 Sep 08 12:36 am |
| Anonymous wrote: | | the en bloc people really spoil the market, and the PRs who bought at its peak are those who are kan cheong about their current cash flow or plain stupi*. market cycle (up & down) is a REALITY. we cannot copy HK (which have high-er property prices for long time) because its anchored to China & there exist a different ball game, while SG is small, self-reliant, and must be competitive INSIDE & OUT. i am a (would be) first time buyer and will still wait for the prop to cool down so i'm hanging with you guys here. the signs of global 'recession' is clear now, if most people would still say prop prices will still go up & up, we are blind & may detach from reality soon. if prices do really hold up, then its a boom(?) being dictated instead of being influenced by the open market. if really 'nobody's going to be left behind...' HDB especially (its supposed to be for public housing) should be made affordable for EVERYBODY. |
Nicely put! We are also first time house buyers.. And this is machiam like some support group for us.. Glad that we find like-minded folks here. |
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13 Sep 08 2:23 am |
| Anonymous wrote: | | Anonymous wrote: | | the en bloc people really spoil the market, and the PRs who bought at its peak are those who are kan cheong about their current cash flow or plain stupi*. market cycle (up & down) is a REALITY. we cannot copy HK (which have high-er property prices for long time) because its anchored to China & there exist a different ball game, while SG is small, self-reliant, and must be competitive INSIDE & OUT. i am a (would be) first time buyer and will still wait for the prop to cool down so i'm hanging with you guys here. the signs of global 'recession' is clear now, if most people would still say prop prices will still go up & up, we are blind & may detach from reality soon. if prices do really hold up, then its a boom(?) being dictated instead of being influenced by the open market. if really 'nobody's going to be left behind...' HDB especially (its supposed to be for public housing) should be made affordable for EVERYBODY. |
Nicely put! We are also first time house buyers.. And this is machiam like some support group for us.. Glad that we find like-minded folks here. |
exact same sentiments! good things come to those who wait i guess. |
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13 Sep 08 12:48 pm |
| Anonymous wrote: | | Anonymous wrote: | | re-sale market cooling down? yeah right...you just started looking for a flat is it? if you ask those who has been looking for a flat for the past year, they will tell you more about it... |
I saw a few units in the East earlier this year all asking for for 30-50k COV or have existing offers of that value according to agent. Now the same units are listed again with expired valuation and asking 18k and below. go figure |
I oso notice now the seller dun wish to do valuation after expired ..the reason is mabye they think the val will drop abit..anyway...val still consdier very high for me. waiting ..waiting ..now looking a room first |
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13 Sep 08 2:53 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | re-sale market cooling down? yeah right...you just started looking for a flat is it? if you ask those who has been looking for a flat for the past year, they will tell you more about it... |
I saw a few units in the East earlier this year all asking for for 30-50k COV or have existing offers of that value according to agent. Now the same units are listed again with expired valuation and asking 18k and below. go figure |
I oso notice now the seller dun wish to do valuation after expired ..the reason is mabye they think the val will drop abit..anyway...val still consdier very high for me. waiting ..waiting ..now looking a room first |
me too, saw a few units with expired valuation last week my agent told me those owner listed the unit for at least 6mths already! |
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13 Sep 08 3:25 pm |
| Everything must have balance, the price cannot always on the high side without any economy sustain it. compare to last 20 years , people who earn 1-2K plus can get the HDB at reason price around 40k - 80K, compare now who did the same job earn 2k-3k but NEED to Purchase HDB at 250K - 400k for same type of house ??! |
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14 Sep 08 11:21 pm |
| Anonymous wrote: | | Everything must have balance, the price cannot always on the high side without any economy sustain it. compare to last 20 years , people who earn 1-2K plus can get the HDB at reason price around 40k - 80K, compare now who did the same job earn 2k-3k but NEED to Purchase HDB at 250K - 400k for same type of house ??! |
agreed, everything must have balance. now price are dropping to a must lower point to get back the balance
BEIJING - China's industrial output growth rate fell to its lowest level in 18 months in August, adding to signs its rapid economic expansion faces a sharp downturn, according to data reported Friday.
The figures supported economists' forecasts that Chinese industrial activity has dropped in recent months. That could hurt government efforts to moderate a downturn in China's growth, which is raising the threat of job losses and possible social tensions.
The slowdown would hurt hopes the world's fourth-largest economy could fill the gap in global demand as American growth slows due to the U.S. credit crisis. |
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15 Sep 08 12:14 am |
| Anonymous wrote: | | Everything must have balance, the price cannot always on the high side without any economy sustain it. compare to last 20 years , people who earn 1-2K plus can get the HDB at reason price around 40k - 80K, compare now who did the same job earn 2k-3k but NEED to Purchase HDB at 250K - 400k for same type of house ??! |
Affordability is key. If people are not earning, how can they buy expensive stuff.
Now when noone is sure of their job, how can they go out and buy an expensive flat? Who wants to take such a big risk? |
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15 Sep 08 5:26 am |
finally,
these agents earn quite alot in the past , right? |
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15 Sep 08 8:24 am |
| Anonymous wrote: | | Anonymous wrote: | | Everything must have balance, the price cannot always on the high side without any economy sustain it. compare to last 20 years , people who earn 1-2K plus can get the HDB at reason price around 40k - 80K, compare now who did the same job earn 2k-3k but NEED to Purchase HDB at 250K - 400k for same type of house ??! |
Affordability is key. If people are not earning, how can they buy expensive stuff.
Now when noone is sure of their job, how can they go out and buy an expensive flat? Who wants to take such a big risk? |
I am waiting the result of Q3 transaction price now.. |
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15 Sep 08 10:54 am |
| Anonymous wrote: | | Anonymous wrote: | | Everything must have balance, the price cannot always on the high side without any economy sustain it. compare to last 20 years , people who earn 1-2K plus can get the HDB at reason price around 40k - 80K, compare now who did the same job earn 2k-3k but NEED to Purchase HDB at 250K - 400k for same type of house ??! |
Affordability is key. If people are not earning, how can they buy expensive stuff.
Now when noone is sure of their job, how can they go out and buy an expensive flat? Who wants to take such a big risk? |
Now so easy to get PR and free scholarship for foreigners. Middle class foreigner stay in SG for 8 mth can get these easily. PR will buy instead of renting because the monthly installment can be paid by CPF which is lower than renting.
http://www.straitstimes.com/ST+Forum/Online+Story/STIStory_276494.html
So as long as SG continue to offer attractive incentives for foreigners, HDB resale flats price is sure to rise. |
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15 Sep 08 1:52 pm |
STI
2495.99 -74.68
bad sign |
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15 Sep 08 2:03 pm |
One of the world's biggest investment banks, Lehman Brothers, overwhelmed by debts linked to the global credit crisis, has announced it is filing for Chapter 11 bankruptcy in the United States.
At the same time, another distressed Wall Street bank, Merrill Lynch, has been sold in a fire sale to Bank of America, as fears spread of a systemic meltdown of the global financial system.
http://www.abc.net.au/news/stories/2008/09/15/2365006.htm |
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15 Sep 08 2:05 pm |
S'pore jobless rate rises
Mon, Sep 15, 2008
The Straits Times
SINGAPORE'S jobless rate rose to 2.3 per cent in June, for the second quarter in a row even as total employment growth remained strong in the second quarter, driven by the robust construction sector.
Amid the economic uncertainties, the overall unemployment rate rose from a seasonally adjusted 1.7 per cent in December to 2 per cent in March and further to 2.3 per cent in June, according to the latest labour market update released by the Ministry of Manpower on Monday.
Some 77,800 residents were jobless in June. The seasonally adjusted figure was 60,900, up 12 per cent from 54,300 in March. But MOM said it was comparable to the 59,700 in June a year ago.
http://business.asiaone.com/Business/News/Office/Story/A1Story20080915-87785.html |
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15 Sep 08 2:08 pm |
SINGAPORE/SYDNEY, Sept 15 (Reuters) - Employees of Lehman Brothers in Asia were nervously waiting to hear their fate on Monday as the loss-making U.S. investment bank stared at potential collapse.
Asia, where Lehman employs about 3,000 staff excluding the India back office, has proved a sweet spot for the U.S. bank as it made inroads into new markets in
the region.
'The situation is quite fluid. We haven't heard anything from New York,' a Lehman executive in Singapore, who asked not to be identified due to the sensitivitiy of the situation, told Reuters by telephone.
'I guess we'll have to wait for the marching orders.'
The Wall Street bank had expanded aggressively in Asia in the last two years, ramping up foreign exchange and investment banking operations in Singapore, Hong
Kong and Mumbai.
It was also planning a bigger presence in China where it recently advised Aluminum Corp of China (Chinalco), which teamed up with Alcoa, on its $14 billion purchase of a stake in Rio Tinto.
For many employees, communication early on Monday was made more difficult because of a holiday in Hong Kong and Tokyo -- the bank's larger offices in Asia.
'Everyone is anxious about what is going to happen,' said another Lehman staffer in Singapore by telephone, adding management had circulated notes to staff last week in the face of growing employee concern and impatience.
At Lehman's Singapore office at the downtown Suntec Tower, only a trickle of staff arrived for work, dodging reporters' questions.
At a nearby coffee bar, two Lehman staffers said they had been called at 6.00 a.m. (2200 GMT Sunday) to be at work at 7.00 a.m.
Asked whether it was business as usual, a Lehman trader contacted by telephone told Reuters: 'What business is there? There's nothing to do. All I've heard is what's being reported on the news.'
Uncertainty also prevailed in Australia, where Lehman entered markets last year through the acquisition of local brokerage Grange Securities for about A$120 million ($98 million).
Earlier this year, the company moved to a new office tower in Sydney's central business district to accommodate its expanded team.
'The negotiations are still ongoing ... basically we don't know where we stand,' said one of the bank's Sydney-based employees. 'Say, for example, there was a filing for Chapter 11, where would that leave all of us ... probably we stand behind other creditors.
'The only thing we could do here is just sit until we hear something more definitive. And almost certainly that would have to happen, I would have thought, before New York opens.'
Michelle Sprod, a Lehman spokeswoman in Sydney, said the firm was declining any comment.
MERRILL SALE
The seismic shakeup in the U.S. financial system could also see Bank of America buying Merrill Lynch & Co Inc <MER.N>, said a source briefed on the matter -- a move likely to be closely watched by Singapore sovereign fund Temasek Holdings [TEM.UL] which has injected more than $5 billion in Merrill since December and would have had an around 14 percent stake.
A Temasek spokesman declined to comment on reports that Merrill could be sold.
Merrill Lynch spokesperson in Sydney, Danielle Mapes, said: 'We're not commenting at this stage'.
Last month, Temasek said it saw value in banking stocks in the United States and Britain and could invest more if an opportunity arose.
The Government of Singapore Investment Corp (GIC), the bigger of the city-state's two sovereign funds, had also bought significant stakes in UBS and Citigroup. |
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15 Sep 08 2:09 pm |
WHAT WILL HAPPEN TO SINGAPORE?? ROSY for HDB property??
THINK AGAIN |
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15 Sep 08 2:12 pm |
| Anonymous wrote: | WHAT WILL HAPPEN TO SINGAPORE?? ROSY for HDB property??
THINK AGAIN |
U think HDB resales price will up again? |
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15 Sep 08 2:13 pm |
| Go up on what grounds? |
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