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 17 Sep 08 12:26 am |
Btw, the Sept resale trans prices are out.. but take note that the prices reflected are deals done in July/August.
Just for fun, I took the average selling prices of the areas I am interested and compare them with the average prices for the months before.. Got a slight drop/slower increase.. But I think this mthd is not a very accurate calculation! Like I said, its just for fun  |
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17 Sep 08 8:14 am |
| Anonymous wrote: | Btw, the Sept resale trans prices are out.. but take note that the prices reflected are deals done in July/August.
Just for fun, I took the average selling prices of the areas I am interested and compare them with the average prices for the months before.. Got a slight drop/slower increase.. But I think this mthd is not a very accurate calculation! Like I said, its just for fun |
May i know what is the area? |
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17 Sep 08 10:39 am |
Who can escape????
alfoo@sph.com.sg
SINGAPORE and the region will not escape the financial tsunami sweeping through Wall Street, according to local economists.
They told The Straits Times yesterday that the man on the street will feel the fallout from the credit crisis in the form of a tighter jobs market, sinking asset prices and shrinking corporate bottom lines.
Singapore's growth will probably also be affected. Exports are likely to take a further hit and the domestic economy will experience a slowdown.
However, the economists added that the situation unfolding now is not as severe as during the Asian financial crisis of the late 1990s.
Citigroup's Kit Wei Zheng said the storm in the US will 'increase the risk on the export front', leading to 'a broadening of the slowdown into the domestic economy'.
'First to be hit will be the export-oriented sectors such as manufacturing, and the externally-oriented sectors, like tourism. The slowdown will also filter through to affect domestic demand.'
OCBC Bank economist Selena Ling said: 'It's a confidence crisis more than anything else. The biggest question now is, who's next in line?'
The economists pointed to the way this week's dramatic events could reach down to affect the man on the street.
Consumers are likely to tighten their belts and cut spending and investment in light of plunging equity markets.
That will mean corporate bottom lines will be dampened, and firms will in turn be more cautious about expansion, resulting in fewer jobs created.
These are likely to be accompanied by falling property prices, leaner bonuses and smaller salary increases.
Banks will also turn more defensive, limiting loans for cars, homes or business expansion.
The economists noted that the impact of a giant insurer such as AIG going under would be greater than that of an investment bank like Lehman Brothers.
Ms Ling said: 'That's because insurance cuts across both companies and consumers. If an insurer goes under, consumers will be affected via auto, personal policies. It'll have a greater economic impact.'
Nanyang Technological University economist Choy Keen Meng said the maelstrom will result in fewer jobs for the financial sector.
But he added: 'I don't think the deterioration will be substantial...I don't think we're anywhere close to the 2001 recession scenario...unless the whole world goes into a recession.'
Other economists also aired the view that the crisis is nowhere near as bad as during the Asian financial meltdown.
Mr Kit said: 'Asia's not at the epicentre of this crisis, so I don't think it'll be that severe. The region has restructured and is more resilient. We're not looking at a meltdown.
'But what it'll mean is that the slowdown in Singapore will be a lot more painful than what people were expecting at the start of the year.'
Ms Ling added: 'Asia's still growing now - that's the key distinction as compared to the previous period. The crisis is more concentrated in the US, and is spreading to Europe and Japan.'
And economists are not all scampering to trim their 2008 growth forecasts in the wake of Wall Street's mayhem.
Standard Chartered Bank's Alvin Liew said: 'We are still fairly comfortable with keeping our full-year 3.5 per cent forecast unless the third-quarter prelim GDP growth turns out much worse than the 0.4 per cent year-on-year projection we made.'
But not everyone is as optimistic.
Mr Kit said: 'The current situation reaffirms our bearish view over the next 12-18 months. The 4-5 per cent Government growth forecast range may not be realistic any more, and growth could fall under 3 per cent this year and the next.' |
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17 Sep 08 11:38 am |
Well Singapore's economy is resilient to some extent but what happens outside of Singapore will impact us.
So far:
Alan Greenspan said that US is mired in a 'once-in-a century' financial crisis which is now more than likely to spark a recession, (http://www.asiaone.com/Business/News/Story/A1Story20080915-87788.html)
George Soros warned that the turmoil in the financial markets was far from over, with Britain likely to be the economy most badly hit by the crisis.
http://news.asiaone.com/News/Latest+News/Business/Story/A1Story20080917-88241.html
IMF chief Dominique Strauss-Kahn said that global financial crisis is not over and more banks could close, possibly leading to the disappearance of the independent investment houses.
http://www.channelnewsasia.com/stories/afp_world_business/view/376401/1/.html |
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17 Sep 08 1:47 pm |
haha, i consider myself lucky almost commit to buying a flat just 2 weeks ago, but the seller ask for price of 30k above valuation so i just walk away. saw nation pty and that unit still not sold yet. phew.. must go pray pray for god bless  |
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17 Sep 08 2:02 pm |
| me going for 2nd view of one unit but i have decided not make any offer after viewing. too risky to commit to big ticket item now unless owner drop their expectation. |
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17 Sep 08 2:55 pm |
| Anonymous wrote: | | me going for 2nd view of one unit but i have decided not make any offer after viewing. too risky to commit to big ticket item now unless owner drop their expectation. |
Smart move !
read on,,,
SINGAPORE: Singapore's main exports fell for the fourth straight month in August as shipments for both electronic and non-electronic goods tumbled, the government said Wednesday.
A slowing global economy hurt exports to Singapore's key markets such as the United States and Europe, the trade promotion body International Enterprise Singapore said.
Release of the figures came after turbulence in global financial markets intensified with the collapse this week of Wall Street investment bank Lehman Brothers.
Singapore's shipments of non-oil domestic exports (NODX) - a key gauge of the trade-led economy - dropped 14 per cent in August from the same month last year, worsening from the 5.8 per cent dip in July, IE Singapore said.
The contraction was bigger than the eight per cent shrinkage projected by a Dow Jones Newswires poll of analysts.
Exports of electronic goods fell 19 per cent year-on-year in August, continuing a decline that has been running since February 2007, IE Singapore said.
The drop was "largely due to weaker sales of consumer electronics, integrated circuits, disk drives and telecommunications equipment," it added.
Non-electronics exports also fell 9.6 per cent, led by pharmaceuticals which were down 45.2 per cent.
On a month-on-month seasonally adjusted basis, NODX was up 2.0 per cent in August, compared with the 2.3 percent decline in July |
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17 Sep 08 4:54 pm |
current STI is testing the mark of below 2400... worrying times at door step
STI
2403.33 -58.1 |
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17 Sep 08 4:58 pm |
| Anonymous wrote: | current STI is testing the mark of below 2400... worrying times at door step
STI
2403.33 -58.1 |
Even STI keep going up and unstable however our resales price of HDB is still keep to going up and strongly.................. |
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17 Sep 08 5:19 pm |
| Anonymous wrote: | | Anonymous wrote: | current STI is testing the mark of below 2400... worrying times at door step
STI
2403.33 -58.1 |
Even STI keep going up and unstable however our resales price of HDB is still keep to going up and strongly.................. |
you cant see the effect so fast lah  |
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Guest
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17 Sep 08 5:48 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | current STI is testing the mark of below 2400... worrying times at door step
STI
2403.33 -58.1 |
Even STI keep going up and unstable however our resales price of HDB is still keep to going up and strongly.................. |
you cant see the effect so fast lah |
When ? end of Q3? end of tis year or Q1 2009? |
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Guest
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17 Sep 08 9:02 pm |
| Anonymous wrote: | current STI is testing the mark of below 2400... worrying times at door step
STI
2403.33 -58.1 |
Past history, above 2000 pts was good times.
You mean STI still testing at those good level??  |
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17 Sep 08 9:04 pm |
| Anonymous wrote: | | Anonymous wrote: | current STI is testing the mark of below 2400... worrying times at door step
STI
2403.33 -58.1 |
Past history, above 2000 pts was good times.
You mean STI still testing at those good level?? |
laugh so much, u think funnie at this dire times... so go and buy lor
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17 Sep 08 9:38 pm |
| Anonymous wrote: | Btw, the Sept resale trans prices are out.. but take note that the prices reflected are deals done in July/August.
Just for fun, I took the average selling prices of the areas I am interested and compare them with the average prices for the months before.. Got a slight drop/slower increase.. But I think this mthd is not a very accurate calculation! Like I said, its just for fun |
U boh liao is it???? |
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Guest
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17 Sep 08 10:35 pm |
| Anonymous wrote: | | Anonymous wrote: | Btw, the Sept resale trans prices are out.. but take note that the prices reflected are deals done in July/August.
Just for fun, I took the average selling prices of the areas I am interested and compare them with the average prices for the months before.. Got a slight drop/slower increase.. But I think this mthd is not a very accurate calculation! Like I said, its just for fun |
U boh liao is it???? |
Ya lor.. waiting for prices to fall so a bit bo liao |
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ERAlvin
Joined: 25 Jan 2008
Posts: 497
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17 Sep 08 10:38 pm |
Guys just wait... wait till ya necks long long then post again.. see whether got drop or not..
remember.. must wait til neck long long.. if neck not long, pls don't post. |
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Guest
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17 Sep 08 10:43 pm |
| Anonymous wrote: | | Anonymous wrote: | Btw, the Sept resale trans prices are out.. but take note that the prices reflected are deals done in July/August.
Just for fun, I took the average selling prices of the areas I am interested and compare them with the average prices for the months before.. Got a slight drop/slower increase.. But I think this mthd is not a very accurate calculation! Like I said, its just for fun |
May i know what is the area? |
Well I checked only 4rms flats at AMK (-2%), CCK (-1%) and Bukit Merah(+1%). |
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17 Sep 08 10:45 pm |
| ERAlvin wrote: | Guys just wait... wait till ya necks long long then post again.. see whether got drop or not..
remember.. must wait til neck long long.. if neck not long, pls don't post. |
Based on your post.. I think I will start boycotting all your ads |
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17 Sep 08 10:50 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | Btw, the Sept resale trans prices are out.. but take note that the prices reflected are deals done in July/August.
Just for fun, I took the average selling prices of the areas I am interested and compare them with the average prices for the months before.. Got a slight drop/slower increase.. But I think this mthd is not a very accurate calculation! Like I said, its just for fun |
May i know what is the area? |
Well I checked only 4rms flats at AMK (-2%), CCK (-1%) and Bukit Merah(+1%). |
U mean val drop or transaction price drop? |
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