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Only fools will buy in today's market

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Only fools will buy in today's market

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Post14 Oct 08 11:59 am
That's why the market now, definitely will stop these kind of people from doing such things. Anyway, Its' really a tough time now, let's pray hard that everyone here in this forum can survive this hard time and soon see the rainbow.
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Post14 Oct 08 12:04 pm
Anonymous wrote:
That's why the market now, definitely will stop these kind of people from doing such things. Anyway, Its' really a tough time now, let's pray hard that everyone here in this forum can survive this hard time and soon see the rainbow.


Pray hard for everybody lah..dun care whether buyer, seller or agent lah...watched channel 8 yesterday...there are alot of people out there who are so poor here in singapore...cant imagine if we are going into recession..what will happen to them?
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Post14 Oct 08 12:08 pm
Anonymous wrote:
Anonymous wrote:
That's why the market now, definitely will stop these kind of people from doing such things. Anyway, Its' really a tough time now, let's pray hard that everyone here in this forum can survive this hard time and soon see the rainbow.


Pray hard for everybody lah..dun care whether buyer, seller or agent lah...watched channel 8 yesterday...there are alot of people out there who are so poor here in singapore...cant imagine if we are going into recession..what will happen to them?


True enough..... Anyway, if it is really going to hit us hard, the first and worst suffered might be the maid and other foriegn workers(not the FT). Anyway, just hope bad time pass quickly.
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Guest






Post14 Oct 08 12:49 pm
Buy house in JB and drive to SG better. THere landed property 2 story for sing $250000. Cost of lining there also cheaper.

Only prob is everyday have to q at causeway.
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Post14 Oct 08 12:55 pm
Can use cpf to pay? haha
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Guest






Post14 Oct 08 12:59 pm
Anonymous wrote:
Buy house in JB and drive to SG better. THere landed property 2 story for sing $250000. Cost of lining there also cheaper.

Only prob is everyday have to q at causeway.


Then what are you waiting for!! I want to see ACTION!! Laughing
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Guest






Post14 Oct 08 1:58 pm
Anonymous wrote:
Buy house in JB and drive to SG better. THere landed property 2 story for sing $250000. Cost of lining there also cheaper.

Only prob is everyday have to q at causeway.


might as well buy in Batam? much cheaper loh...no need to queue at the causeway...45 mins journey by boat only...

But you'll never know when your house will be burn down though...lol
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Post14 Oct 08 2:04 pm
Buy lah buy lah, Good buy, Best buy , must buy. No. 1 Agent in Singapore, JB and som esaid Batam. Buy lah buy lah.

After you buy, you will be hero. Then you can try to see if you jump, from the flat you will die.
buy lah.
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Guest






Post14 Oct 08 2:16 pm
Anonymous wrote:
Buy lah buy lah, Good buy, Best buy , must buy. No. 1 Agent in Singapore, JB and som esaid Batam. Buy lah buy lah.

After you buy, you will be hero. Then you can try to see if you jump, from the flat you will die.
buy lah.


Whats wrong with you? u ok?
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Guest






Post14 Oct 08 2:26 pm
okay.... I'm definitely okay. Cos there are more and more ilogical remark here, so I jsut make it more ilogical for mine.


Buy or dun buy is up to individual's need and requirement. Urgent, die die need 1 roof, then buy now loh, Not urgent, then just wait loh. Hurry yourself into the market now is not beneficial to both seller and buyer. But then again, if transaction level is low, agent will have to 喝西北风. That's also something bad.....

Anyway, keyword is "Don't rushed yourself".
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Guest






Post14 Oct 08 2:31 pm
Anonymous wrote:
okay.... I'm definitely okay. Cos there are more and more ilogical remark here, so I jsut make it more ilogical for mine.


Buy or dun buy is up to individual's need and requirement. Urgent, die die need 1 roof, then buy now loh, Not urgent, then just wait loh. Hurry yourself into the market now is not beneficial to both seller and buyer. But then again, if transaction level is low, agent will have to 喝西北风. That's also something bad.....

Anyway, keyword is "Don't rushed yourself".


Thats more like it...i regard this forum as a refreshing tools...i believe none of them here to be honest...most of them do not know what they are talking about...
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Guest






Post14 Oct 08 2:40 pm
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.
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Guest






Post14 Oct 08 2:43 pm
Anonymous wrote:
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.


This is Singapore. Can compare meh??
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Guest






Post14 Oct 08 2:49 pm
Anonymous wrote:
Anonymous wrote:
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.


This is Singapore. Can compare meh??


The property price in Msia and Indonesia have been increasing alot as well these few years...

btw...maybe hongkonger got the same idea as you decades back. This is Hongkong. can compare to Japan meh??
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Guest






Post14 Oct 08 2:51 pm
Anonymous wrote:
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.



Yes, not everything up will be down. GST, ERP, Electricity, food..........
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Guest






Post14 Oct 08 2:58 pm
well, if yo want to compare SG with HK, then you might like to know that HK property market is deteriorating. Go read this article and you will know. I am quoting a bit of it here:

City & Country: Hong Kong property market continues to deteriorate
6 October 2008
The Edge Singapore
Quote:

According to Apple Daily, average transaction prices in the 30 Most Active Housing Estates in Hong Kong on the secondary market have fallen for three consecutive months. Month-to-date (up to Sept 19), the overall transacted prices for those 30 estates have fallen by another 3.5%, to HK$4,258 psf. In addition, the transacted prices in nine of those 30 estates have already fallen below the levels of January 2008.
.
.
.
Given the rising mortgage rates, we believe more buyers who bought in the primary market using deferred financing schemes over the past two years will try to offload their holdings before the expiry of those schemes — by offering deeper price cuts. As a result, property prices would likely overshoot in the current downtrend and the declines would be larger than the 20% correction (for the next 12 months) that we originally forecasted.

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Guest






Post14 Oct 08 3:12 pm
Anonymous wrote:
well, if yo want to compare SG with HK, then you might like to know that HK property market is deteriorating. Go read this article and you will know. I am quoting a bit of it here:

City & Country: Hong Kong property market continues to deteriorate
6 October 2008
The Edge Singapore
Quote:

According to Apple Daily, average transaction prices in the 30 Most Active Housing Estates in Hong Kong on the secondary market have fallen for three consecutive months. Month-to-date (up to Sept 19), the overall transacted prices for those 30 estates have fallen by another 3.5%, to HK$4,258 psf. In addition, the transacted prices in nine of those 30 estates have already fallen below the levels of January 2008.
.
.
.
Given the rising mortgage rates, we believe more buyers who bought in the primary market using deferred financing schemes over the past two years will try to offload their holdings before the expiry of those schemes — by offering deeper price cuts. As a result, property prices would likely overshoot in the current downtrend and the declines would be larger than the 20% correction (for the next 12 months) that we originally forecasted.



the point is yes...at this current difficult situation. the house price would drop but will not drop drastically...the drop will not only be in singapore but the whole world...but the increase will always be greater than it drop. thats my opinion.
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Guest






Post14 Oct 08 3:14 pm
Anonymous wrote:
Anonymous wrote:
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.



Yes, not everything up will be down. GST, ERP, Electricity, food..........



Property market is something similar like a trading market. It all depend on the demands and supplys. 1 reason for the high valuation is also because of the surge of foriegn talent in the market. And do bare greatly in mind there are a lot more foriegn talent in singapore then compare to Japan and Hongkong.

When market are bad, it definitely affect the FT. With the FT been affected, it will somewhat also affect the value of property in Singapore. First dip we see already happen in the pte property. Next on the line will probably be the EA or 5 room which I think is already happening(more and more 5 rooms flat selling below value).

Price is definitely not fix in a trading market. So when you ask, "you guarantee the price will drop next year", have you been asking yourself will the price rise next year? All these are uncertainty. And the look of it taking a slight dip is definitely higher then it rising.

Anyway, its actually a good time for both buyer and seller to observe the market, why it seems that you were actually trying to encourage them to sell or to buy? Market observation at this period of time would do you no harm. jumping into it now is a great risk.

Anonymous wrote:

Yes, not everything up will be down. GST, ERP, Electricity, food..........


I raise both hand to agree with you on the items mention. The government ought to do something.... Anyway, we are talking about property....... so its a different trade. Like crude oil, 6 months back, I believe no one would even think it will drop to U$83+ per barrel when it is at the mark of U$145. I mean.. of course hdb will not drop such a huge margin, but do expect a slight dip in valuation.

Anyway, so what if there's a slight dip, when the market recover, the valuation will rise again. Keyword for now is "Observe".
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Guest






Post14 Oct 08 3:21 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.



Yes, not everything up will be down. GST, ERP, Electricity, food..........



True... Laughing Laughing


Property market is something similar like a trading market. It all depend on the demands and supplys. 1 reason for the high valuation is also because of the surge of foriegn talent in the market. And do bare greatly in mind there are a lot more foriegn talent in singapore then compare to Japan and Hongkong.

When market are bad, it definitely affect the FT. With the FT been affected, it will somewhat also affect the value of property in Singapore. First dip we see already happen in the pte property. Next on the line will probably be the EA or 5 room which I think is already happening(more and more 5 rooms flat selling below value).

Price is definitely not fix in a trading market. So when you ask, "you guarantee the price will drop next year", have you been asking yourself will the price rise next year? All these are uncertainty. And the look of it taking a slight dip is definitely higher then it rising.

Anyway, its actually a good time for both buyer and seller to observe the market, why it seems that you were actually trying to encourage them to sell or to buy? Market observation at this period of time would do you no harm. jumping into it now is a great risk.

Anonymous wrote:

Yes, not everything up will be down. GST, ERP, Electricity, food..........


I raise both hand to agree with you on the items mention. The government ought to do something.... Anyway, we are talking about property....... so its a different trade. Like crude oil, 6 months back, I believe no one would even think it will drop to U$83+ per barrel when it is at the mark of U$145. I mean.. of course hdb will not drop such a huge margin, but do expect a slight dip in valuation.

Anyway, so what if there's a slight dip, when the market recover, the valuation will rise again. Keyword for now is "Observe".
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Guest






Post14 Oct 08 3:24 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan.


This is Singapore. Can compare meh??


The property price in Msia and Indonesia have been increasing alot as well these few years...

btw...maybe hongkonger got the same idea as you decades back. This is Hongkong. can compare to Japan meh??



hai hai...please read today straits time B7 and A25 for true picture of wat's happening in the current HDB market hor..

those who want to wait, pls do so at your own expense..

Very Happy
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