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07-08-2008, 09:14 PM
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Quote:
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Originally Posted by Anonymous
Quote:
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Originally Posted by Anonymous
Dreaming flippers call themselves rich
Although they find themselves in deep sh*t
One by one they fell in heaps into the deep ditch
And curse and curse followers till their mouths need a stitch
No hope for flippers... they are dead and burnt like a shorted switch
And soon will be reborn and we will see them as a hungry witch
HAIL KING DIVA!!!
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Far King Diva's followers bark like bit-ch
Everyday rain or shine without a glitch
Sell too early so cannot get rich
Cursed by Diva to sleep on the street
No hope to recover their missed profit
Pray for price to bottom but never reached
Got to wait for next life, to make it big
SING DIVA SING!!! |
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07-08-2008, 09:27 PM
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Quote:
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Originally Posted by Anonymous
Whether you call the economy a downward cycle, a low period or a crash; it means the same thing: property price is very likely going to fall! That's good reason enough not to buy. And that itself is good reason why property price will indeed fall.
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Property is set to fall...............Period. 
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08-08-2008, 01:11 AM
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Quote:
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Originally Posted by Anonymous
Quote:
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Originally Posted by Anonymous
Dreaming flippers call themselves rich
Although they find themselves in deep sh*t
One by one they fell in heaps into the deep ditch
And curse and curse followers till their mouths need a stitch
No hope for flippers... they are dead and burnt like a shorted switch
And soon will be reborn and we will see them as a hungry witch
HAIL KING DIVA!!!
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Far King Diva's followers bark like bit-ch
Everyday rain or shine without a glitch
Sell too early so cannot get rich
Cursed by Diva to sleep on the street
No hope to recover their missed profit
Pray for price to bottom but never reached
Got to wait for next life, to make it big
SING DIVA SING!!!  |
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08-08-2008, 07:16 AM
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Quote:
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Originally Posted by Anonymous
Spore govt has said that they won't even bail out banks, much less a property crash. Anyway, if property market crash, it'll just be a transfer of wealth from one group to another, like what happened in 1997 to 2004. Why should the govt be concerned about that? The banks in Singapore are extremely prudent with their lending now. If anybody's got to suffer in a market crash, it'll be the speculators who are betting that ppl will go on buying at higher and higher prices even when it longer makes sound financial sense. Property price for high end has surged as much as 70% and for the mass market, as much as 50%. A correction of 40% is reasonable. Definitely any further increase would be unsustainbale by real economic growth. That's the sort of bubble govt doesn't want to see, and we can be sure the govt will come in prick such bubble if it happens again.
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Reasons for the price increase are well known.
Rampant speculation, facilitated by DPS, and encouraged by daily media reports of runaway and record prices. Huge influx of foreign funds buying up investment condos. Sudden increase in en-bloc refugees. A high GDP with rapid job market expansion.
Now all that has gone, has slowed down, or already been priced in. Nevertheless, my little study shows that regardless of the reasons for increase last year, or the decrease now, the prices erosion is still continuiing, and shows no sign ofslowing down. Hence, we are probably some way off from the floor. As a buyer, it would be better to wait. Save you lots.
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08-08-2008, 08:48 AM
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Quote:
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Originally Posted by Anonymous
Quote:
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Originally Posted by Anonymous
Spore govt has said that they won't even bail out banks, much less a property crash. Anyway, if property market crash, it'll just be a transfer of wealth from one group to another, like what happened in 1997 to 2004. Why should the govt be concerned about that? The banks in Singapore are extremely prudent with their lending now. If anybody's got to suffer in a market crash, it'll be the speculators who are betting that ppl will go on buying at higher and higher prices even when it longer makes sound financial sense. Property price for high end has surged as much as 70% and for the mass market, as much as 50%. A correction of 40% is reasonable. Definitely any further increase would be unsustainbale by real economic growth. That's the sort of bubble govt doesn't want to see, and we can be sure the govt will come in prick such bubble if it happens again.
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Reasons for the price increase are well known.
Rampant speculation, facilitated by DPS, and encouraged by daily media reports of runaway and record prices. Huge influx of foreign funds buying up investment condos. Sudden increase in en-bloc refugees. A high GDP with rapid job market expansion.
Now all that has gone, has slowed down, or already been priced in. Nevertheless, my little study shows that regardless of the reasons for increase last year, or the decrease now, the prices erosion is still continuiing, and shows no sign ofslowing down. Hence, we are probably some way off from the floor. As a buyer, it would be better to wait. Save you lots. |
Then you can continue to wait long long.
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08-08-2008, 09:39 AM
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'The crisis is definitely not over and volatility may move from the US and Europe to Australia and NZ, where their housing markets are starting to wobble.'
OCBC Bank economist Selena Ling
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08-08-2008, 10:27 AM
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Quote:
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Originally Posted by Anonymous
'The crisis is definitely not over and volatility may move from the US and Europe to Australia and NZ, where their housing markets are starting to wobble.'
OCBC Bank economist Selena Ling
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Uh.. bro she said volatility MAY move to Aus and NZ. Unless you are saying volatility WILL come to Singapore. Don't think anybody dare to be certain. So what if volatility cums?
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08-08-2008, 11:06 AM
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All Smart BUyers out there. Developers are squeezed. Holding on to unsold properties will get more costly for the developers. Let's wait until the developers' faces turn blue. You've got the bargaining power. Just wait!!!
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08-08-2008, 02:54 PM
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Quote:
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Originally Posted by Anonymous
Quote:
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Originally Posted by Anonymous
Spore govt has said that they won't even bail out banks, much less a property crash. Anyway, if property market crash, it'll just be a transfer of wealth from one group to another, like what happened in 1997 to 2004. Why should the govt be concerned about that? The banks in Singapore are extremely prudent with their lending now. If anybody's got to suffer in a market crash, it'll be the speculators who are betting that ppl will go on buying at higher and higher prices even when it longer makes sound financial sense. Property price for high end has surged as much as 70% and for the mass market, as much as 50%. A correction of 40% is reasonable. Definitely any further increase would be unsustainbale by real economic growth. That's the sort of bubble govt doesn't want to see, and we can be sure the govt will come in prick such bubble if it happens again.
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Very profound! A truly eye openner statements. Totally agree.
Reasons for the price increase are well known.
Rampant speculation, facilitated by DPS, and encouraged by daily media reports of runaway and record prices. Huge influx of foreign funds buying up investment condos. Sudden increase in en-bloc refugees. A high GDP with rapid job market expansion.
Now all that has gone, has slowed down, or already been priced in. Nevertheless, my little study shows that regardless of the reasons for increase last year, or the decrease now, the prices erosion is still continuiing, and shows no sign ofslowing down. Hence, we are probably some way off from the floor. As a buyer, it would be better to wait. Save you lots. |
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08-08-2008, 04:41 PM
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Quote:
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Originally Posted by Anonymous
Quote:
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Originally Posted by Anonymous
Spore govt has said that they won't even bail out banks, much less a property crash. Anyway, if property market crash, it'll just be a transfer of wealth from one group to another, like what happened in 1997 to 2004. Why should the govt be concerned about that? The banks in Singapore are extremely prudent with their lending now. If anybody's got to suffer in a market crash, it'll be the speculators who are betting that ppl will go on buying at higher and higher prices even when it longer makes sound financial sense. Property price for high end has surged as much as 70% and for the mass market, as much as 50%. A correction of 40% is reasonable. Definitely any further increase would be unsustainbale by real economic growth. That's the sort of bubble govt doesn't want to see, and we can be sure the govt will come in prick such bubble if it happens again.
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Reasons for the price increase are well known.
Rampant speculation, facilitated by DPS, and encouraged by daily media reports of runaway and record prices. Huge influx of foreign funds buying up investment condos. Sudden increase in en-bloc refugees. A high GDP with rapid job market expansion.
Now all that has gone, has slowed down, or already been priced in. Nevertheless, my little study shows that regardless of the reasons for increase last year, or the decrease now, the prices erosion is still continuiing, and shows no sign ofslowing down. Hence, we are probably some way off from the floor. As a buyer, it would be better to wait. Save you lots. |
Your little study bigger or Diva's study bigger? Diva study is 40,000 s.f. that is why he can save his followers.
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