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Price decreasing for singapore property !

This is a posting on Price decreasing for singapore property ! within the Buy & Sell : Private Apartment / Condominium forums, part of the Free Property Classified Ads: buy, sell & rent houses & rooms category; Finally we kick out that Born Loser Rysk from this thread * * * WASHINGTON (AP) - The International Monetary ...

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  #2821  
Old 09-06-2012, 11:28 PM
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Finally we kick out that Born Loser Rysk from this thread

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WASHINGTON (AP) - The International Monetary Fund (IMF) is estimating that Spanish banks need at least a 40 billion euro (S$64 billion) capital injection following a stress test it performed on the country's financial sector.

The lending institution said on Friday that Spain's financial sector is well managed but is vulnerable. It recommended that banks raise capital by an additional unspecified amount beyond the 40 billion euro to properly restructure troubled banks.

The Spanish government appears resigned to the fact that it needs a bailout from Europe.

Spanish Deputy Prime Minister Soraya Saenz de Santamaria said on Friday that the country could decide this month whether to request a bailout. She said the government will not act until receiving evaluations from the IMF and two independent auditors Spain has hired. The auditors' surveys are due by June 21.

Last edited by David_Lim; 06-09-2012 at 12:22 PM.
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  #2822  
Old 16-06-2012, 07:34 PM
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New private home sales plunge 32% in May*

1,702 units sold in May, the lowest monthly figure so far this year

Straits Times
Published on Jun 16, 2012

New private home sales here took a breather last month with only 1,702 units sold - the lowest monthly figure so far this year.

Developers held back on large new suburban launches last month after rolling out some high-profile major projects earlier in the year.*

The last time sales fell more sharply was last December after the latest round of cooling measures, when sales plunged some 60 per cent to 632, from the previous month's 1,702 units.*

Experts say the 32 per cent plunge last month from April's 2,496 units reduces the risk of a fresh round of cooling measures. They add that the shadow of the euro zone crisis and last month's stock market tumble have hurt buying sentiment for new homes.*

When executive condominiums are included, 2,057 units were snapped up last month, compared with 2,670 units in April.

Experts say that speculation about a possible fresh round of cooling measures targeted at tiny shoebox apartments of 500 sq ft and smaller might also have spooked potential buyers.

ERA Reality key executive officer Eugene Lim pointed out that only 13 per cent of new sales last month were shoebox units, well down from 27 per cent in the first three months of the year.

He said that after the blistering pace of sales in the previous few months, buyer fatigue might also set in.

Experts say the slowdown in launches could also be due to developers taking time to adapt to new sales guidelines on transparency introduced last month that require developers to disclose more details about each unit.

The suburban home market led the charge again last month, making up 71 per cent of all sales.

It was sales of city fringe homes and city centre homes that fared poorly. City fringe sales fell by more than half to 362 units from April, while city centre sales fell 30 per cent to 135 units.

Compared with the 2,449 units launched for sale, the take-up rate is the lowest so far this year, but consultants pointed out this could be partly due to Eight Riversuites, which launched all its 862 units and sold fewer than 200.

Even with this plunge in sales, developers have sold an exceptional 10,880 homes in the first five months of this year - exceeding the full-year totals racked up from 2000 to 2005, and in 2008.
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  #2823  
Old 25-06-2012, 01:10 PM
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Be afraid: Some in U.S. see shades of 2008 in euro crisis

REUTERS - Grim. Serious. Terrifying. Nerve-rattling.

These are the words some prominent American investors and strategists are using to describe the worsening debt crisis in the euro zone and its impact on the global economy.
While growth has been slowing in China and the United States and companies warn about the effect on earnings, there is a mounting sense among the financial community that politicians and markets are operating on two completely different timelines.
They see a fractured Europe fiddling in the near term, attempting to seal one fissure as another larger one appears while they talk about a five-to-10-year timeframe for real solutions, such as a more fiscally integrated euro zone. They see investors who want solutions in the next few weeks and months or else nations like Spain and Italy could find they cannot borrow at all on capital markets, starting an economic firestorm that would make today's problems seem mild.
Some even suggest markets are taking on shades of the 2008 global crisis, with the potential for a collapse in investor confidence, bank runs in Europe and a seizure for the global financial system.
"History may not repeat but it often rhymes. The fear is that it could be a replay of 2008. The reality is that the potential for a replay of 2008 on steroids is not exactly zero," said Bonnie Baha, portfolio manager at DoubleLine Capital, which oversees $35 billion. Baha, who is based in Los Angeles, was speaking while visiting Europe last week.
Added financier Steve Rattner, who is the former head of the U.S. auto task force, "We should be terrified about the euro crisis because the Europeans are trying to fix a deeply flawed system with the equivalent of Band-Aids,"
And Dan Fuss, vice chairman and portfolio manager at Loomis Sayles, which oversees $172 billion in assets, sees little reason not to be very worried. "We have uncertainties of the wrong kind. Bringing the political cohesion together has proven to be more difficult than I had thought. The headlines coming out of Europe are scary."
To be sure, while these are the views of highly credible investors, they are not necessarily the mainstream. Most economists and strategists still think Europe will be able to muddle through its problems as it has for the past few years. And while the majority of them see weak growth in the United States, they don't expect the economy to slip into a recession.
But most economic pundits were wrong in 2008 when they didn't foresee the financial crisis, and this time around even the optimists have had to pull back their U.S. and global growth expectations in recent months.
What's more, some investors and economists say central banks, including the Federal Reserve, are running low on ammunition after having loosened monetary policy considerably.
The economic crises in global history that have stemmed from excessive debt and financial leverage have proved to be the deepest. And while the United States has managed to maintain slow, if steady economic growth, many European countries are dealing with the threat of deep recessions: very high unemployment and intractable deficits that are only worsening because of the lack of growth.
The modest stimulus measures that have been talked about - top euro zone leaders agreed at a meeting this week to spend 130 billion euros to seek to revive growth and the European Central Bank may cut interest rates at its meeting on July 5 - may be too little, too late given the tsunami of debt some nations in the euro zone face.
"The realization that Spain will most probably need a bailout by the EU has rattled investors' nerves," Baha of DoubleLine said.
Spain, the fourth-largest economy in the euro zone, will need between $350 billion and $400 billion to stabilize conditions in the wake of a real-estate crash, according to Mark Grant, managing director at Southwest Securities Inc., who has been one of the biggest bears on the euro zone throughout the crisis.
"I do not think most people realize how serious the situation is with Spain," Grant said.
Grant, who forecast Greece was going to go bankrupt in January 2010, said on Sunday, "I fear the shades of 2008 are almost upon us once again and the increasing darkness is discernible."
The atmosphere was hardly helped on Sunday when German Finance Minister Wolfgang Schaeuble told Bild am Sonntag in unusually blunt language that Greece's new coalition government should stop asking for more help and instead move quickly to enact more reform measures that had been agreed in return for previous bailouts from European partners. The new Greek government has indicated in a proposal seen by Reuters that it wants tax cuts, extra help for the poor and unemployed, a freeze on public sector layoffs and more time to cut its deficit.
EARNINGS WARNINGS
The impact of the European debt crisis on the global economy is increasingly weighing on such American bellwethers as United Technologies Inc (UTX.N), Procter & Gamble Co (PG.N) and FedEx Corp (FDX.N).
P&G lowered its fourth-quarter earnings and revenue forecasts Wednesday, hurt by unfavorable foreign exchange rates, weak growth in developed markets and a slowdown of growth in China. It is the second time in three months that the consumer products maker has cut its outlook.
Also last week, FedEx said slow global growth would crimp its earnings over the next 12 months. The world's second-largest package delivery company forecast moderate growth for both the U.S. and global economies, citing the debt crisis in Europe and slowing growth in Asia.
Perhaps most pessimistic was UTX Chief Financial Officer Greg Hayes, who said just over a week ago that "the situation in Europe has gotten a lot worse than we had expected" and that the "Spanish market continues to convulse.
Ray Dalio's Bridgewater Associates, $120 billion hedge fund, summed up the state of affairs in a note late last week. "Global growth has continued to slow in a fairly broad way and is now as slow as it has been since 2009," he said. "The expansion in the developed world has not been self-sustaining."
In the developed world, the U.S. economy has slowed the most from 4 percent earlier in the year to the current 1 percent to 1.5 percent rate, said Bridgewater, which described euro zone policies as inadequate to deal with the crisis.
"Europe has kicked the can just about as far as they can without doing something," said John Mauldin, president of investment advisory firm Millennium Wave Investments in Dallas. "It's just like when they got to the Greek moment where they had to say, 'We're going to have to write off bonds.' They're now again to another 'do something' moment, except that this is a lot bigger." (Additional reporting by Steven C. Johnson and Deepa Seetharaman; Editing by Martin Howell and Kenneth Barry)
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  #2824  
Old 01-07-2012, 10:42 PM
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Taken from another forum


many CCR already down 20-40% compared to last yr peak....
sentosa cove down 50%.....

OCR also down 20-30% from $1000 psf to current below $750 psf.....with develpers dumping all freebies.....adsorb absd, free legal, free comm & pay extra comm, free stamp, free cars, free furniture, membership, cash rebate & more....all add up to 20-30% discount yet negotiable.....all panic & desperate now...go to 1 showflat, 3-4 agents serving you......

tons of advertisement by developers everywhere in TV, paper, internet....you will receive tons of email, sms, brouchure, letter in letterbox.....developers are so panic & try all ways out to dump their units....stop buying, they will cut more price if no buyers situation drag on with global uncertainties & recession getting deeper.....many sellers are trying to sell at 10% below valuation or last transacted price but no buyer.....banks will also panic look at European banks in banks tun, holiday, capital control & funds withdrawal......risk is getting super high & borrowing cost keeps shooting up 300% within 1 month, mortgage rate already up few rounds in europe this yr....

many retrenchment going on now......many foreigners will force to leave....commercial & residential rental will be down, business will be down, demand will go down, no retail business, must cut jobs to survive....this spiral down negative effect will cause spore to sink into recession very soon...this will force property to plunge down yet still cannot find buyers....HK will enter recession this month.....US will follow later this yr.....huge retrenchment on the way, if no jobs & no rental income, rental has tro cut tremensdously to sustain their life or default loan payment & go for auction fast...if not tons of default, banks willbe in big trouble......

price war & prce cuttng getting deeper these days.....with units return, almost no buyer & developers trade among themselves, risk is getting higher....

May global stock down 20%, shyt in their pants....last month some minor consolidtion.....later this month will see huge down again......

wait patiently....PIIGS default & bankrupt is iminent.....major banks bankrupt also this yr to kick start the collapse of global financial system....

received tons of email, brouchure & sms from developers, propertyguru, property agents, consultants.......these days....just deleted, don't even bother to open up......all these panic & desperate rubbish......real pests........

whatever....spore property will crash.....they can shout whatever price they want to sell.....stop buying.......

spore property will down >50% before 2015, stop buying property & property is on it's way down now...no 2015, no buying....no buyer now, unless cut deep to sell or hold for>50% down.......
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  #2825  
Old 04-07-2012, 07:14 PM
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Taken from another forum .... Very interesting


Scandal that could ruin banking giants: U.S lawyers prepare to sue financial firms for hundreds of BILLIONS over global interest rate-fixing
July 4th, 2012






Barclays And 20 More Banks, Including HSBC, Facing Criminal Inquiry Over Interest Rate Fix Scandal… THIS IS HUGE!
July 3rd, 2012










this is a US$500trillion scandal of fixing LIBOR interest rate......SIBOR, same?? we all know.....
let it explode & be transparent is good....all these robbers....form printing $$ to all conning jobs....

LieBorgate issue......this will stop them from manipulating rate from now on...so when Europeanbanks default later this yr...liquidity will crash hard, then can see the real LIBOR shoot to sky like crazy....or currency crash like no tomorrow overnight.....volatility is good to crash all market.....
so get ready for mortgage rate based on SIBOR & SBR to be extremely volatile later this yr........

all is preparing & get ready for the crazy days to come......this rate fixing also expose at the right time for explosion soon....

looks like a perfect storm is making in all direction now......keep cool to warch it to wipe out global market & crash all bubbles.....


received tons of email, brouchure & sms from developers, propertyguru, property agents, consultants.......these days....just deleted, don't even bother to open up......all these panic & desperate rubbish......real pests........

whatever....spore property will crash.....they can shout whatever price they want to sell.....stop buying.......

spore property will down >50% before 2015, stop buying property & property is on it's way down now...no 2015, no buying....no buyer now, unless cut deep to sell or hold for>50% down.............
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  #2826  
Old 05-07-2012, 07:02 AM
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OCBC unit sees 10-20% fall in high-end home prices

Low interest rates, higher liquidity to buoy mass-market, shoebox demand


EVEN as the gap between high-end and mass market residential prices hits a nine-year low, high-end prices are forecast to fall between 10 and 20 per cent in FY12.

According to the latest OCBC Investment Research (OIR) report, while the historic average price premium between the high-end and mass-market segment (over Q1 2004 to Q1 2012) is 98 per cent on a psf basis, the price premium has shrunk to 82 per cent in Q1 2012.

That said, OIR forecasts that prices would fall a further 10 and 20 per cent in FY12 following the ABSD measures - of which one key consideration was an additional 10 per cent stamp duty on property purchases made by foreigners and corporate entities - implemented in December.

Stated the report: "These measures are particularly onerous as, from 1st Jan to 8th Dec 2011, we had estimated that 29 per cent of all transactions were by foreigners and corporate entities. As a result, we saw primary sales in the high-end core central region (CCR) segment dip 79 per cent year-on-year (126 units sold) in Q1 2012."

Conversely, low interest rates and increased liquidity in the system is likely to sustain demand for shoebox and mass market units.

Indeed, the fall in interest rates between 2008 and Q2 2012 translates into an increase of almost 210,000 in the number of households above the income hurdle for properties between $600,000 and $1 million.

"To offer a perspective of this magnitude, if 5 to 10 per cent of these incremental households were to purchase private property, this would be equivalent to 70 to 140 per cent of total annual primary sales," said OIR.

Coupled with the ample liquidity in the banking system, this would underpin sustained demand for shoebox and mass-market units, and unhinge prices from historical norms of affordability based on domestic wage levels and rental yields, said OIR.

"All things considered, we forecast that mass market residential prices would increase by 0 to 5 per cent over FY2012."

Shoebox units can also expect to continue enjoying a premium over non-shoebox units over FY2012 and FY2013. However, this premium could diminish or even reverse after 2015, particularly for shoebox units in the outside central region (OCR), noted OIR.

Shoebox units currently enjoy a psf premium of about 7-9 per cent.

"This phenomenon is within our expectations given the demand for units at lower price quantums, and would likely continue over FY12-13 as liquidity remains abundant," said OIR.

Indeed, OCR shoebox prices might already be overextended. OCR transactions have mostly been in the same psf band as rest of central region (RCR) new sale transactions (mostly between $1,200 and $1,300 psf). Sales in the CCR, on the other hand, have mostly transacted between $1,600 and $1,700 psf).

According to OIR estimates, the number of OCR shoebox units could grow by more than 450 per cent by 2015.

In the event of this supply glut, OCR shoebox rents could fall 10-20 per cent, assuming that rents would fall to the level of a "reasonable substitute" - a HDB flat in a similar location with around 50 per cent more space.

"Based on a sample of the current market, we estimate that current rentals of an OCR shoebox unit indicate a net rental yield of around 4.1 per cent," added OIR.

In addition to falling rents, net rental yields of OCR shoebox units, particularly 99-year leasehold units, could expand closer to those of HDB flats in an environment of rising interest rates and higher supply of completed shoebox units, said OIR.

"From our sensitivity analysis, we found that if the yield spread between OCR shoebox units and substitute HDB flats should shrink by 25 per cent, we could see a 15-30 per cent decrease in the capital values of shoebox units in a bear case scenario," said the report.
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  #2827  
Old 07-07-2012, 08:56 PM
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IMF chief warns over slowing global growth

International Monetary Fund (IMF) chief Christine Lagarde speaks at a press conference at a hotel in Tokyo on July 6, 2012. Lagarde warned that the global economy was slowing, with a soon-to-be published growth outlook lower than earlier forecasts. -- PHOTO: AFP

TOKYO (AFP) - International Monetary Fund (IMF) chief Ms Christine Lagarde on Friday warned that the global economy was slowing, with a soon-to-be published growth outlook lower than earlier forecasts.

'What I can tell you is that it will be tilted to the downside and certainly lower than the forecast that was published three months ago,' she told an economic forum in Tokyo.

In April, the IMF hiked its global growth forecasts to an annual rate of 3.5 per cent this year, accelerating to 4.1 per cent in 2013, up from the January forecast of 3.3 per cent and 4.0 per cent respectively.

Ms Lagarde declined to elaborate on its upgraded assessment due later this month but said that the outlook since the last IMF forecast had 'regrettably' become 'more worrisome'.

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  #2828  
Old 10-07-2012, 07:35 PM
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Roubini: My 'Perfect Storm' Is Unfolding Now

"Dr. Doom" Nouriel Roubini, says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
In May, Roubini predicted four elements - stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together in to create a storm for the global economy in 2013.

"(The) 2013 perfect storm scenario I wrote on months ago is unfolding," Roubini said on Twitter on Monday.

Chinese inflation data released on Monday, suggested that the economy is cooling faster than expected, while employment data out of the U.S. on Friday indicated that jobs growth was tepid for a fourth straight month in June.

Roubini said that unlike in 2008 when central banks had "policy bullets" to stimulate the global economy, this time around policymakers are "running out of rabbits to pull out of the hat."

Policy easing moves by the European Central Bank (ECB), Bank of England (BoE) and the People's Bank of China (PBoC) last week did little to inspire confidence in global stock markets.

"Levitational force of policy easing can only temporarily lift asset prices as gravitational forces of weaker fundamentals dominate over time," he said.

Bill Smead, CEO of Smead Capital Management, agrees that there is little central banks can do arrest the global slowdown.

Last week, he told CNBC that there is "virtually zero chance" that pump-priming by central banks will succeed, suggesting that policymakers should instead let the economic bust work itself through the system.
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  #2829  
Old 17-07-2012, 12:20 PM
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Default excellent service, fantastic, well done call 91816110 agent

excellent service,
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  #2830  
Old 17-07-2012, 08:30 PM
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Private home sales hit new low

By Romesh Navaratnarajah: New home sales for the month of June hit an all-time low in 2012. 1,371 private homes were sold during the month, a 19 percent decline month-on-month (m/m) from the 1,702 seen in May.
Including executive condominiums (ECs), home sales fell 16 percent m/m and reached 1,725."It is not surprising to see the decline in private housing transactions last month due to the lowest new project launches in June. This had left home buyers with lesser choices," said Mohamed Ismail, CEO of PropNex.However, the total sales volume was 24 percent up from the same period in 2011. In the first six months of 2012, developers sold a whopping 14,689 private homes (including ECs) – well exceeding the 9,446 racked up at the same time last year, according to PropNex. *Related Stories: Property prices expected to rise: survey
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