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06-08-2008 10:28 PM

Price decreasing for singapore property !
 
Believe it or not, Singapore is mature market and we will see the correction soon. The current sky-high prices make Spore less competitive in attracting foreigners on which our economy heavily relies. What should government do to attract more talents? You got the answer.

06-08-2008 10:32 PM

Some of the action that government has taken to cool the private properties maket is good and the cooling of properties is progressing well. Some of the prices are started to go back to more reasonable price and the drop will be progressive and most of us are sure that the government will monitor.

Just to be aware that some properties went sharply up for more then 30-40% and those are the one that will have free fall and buying them now can get you into trouble. Just be aware.

There are also sellers out that are become more reasonable so it's a shame that the hot potatoes sellers get everyone into trouble

06-08-2008 10:42 PM

Yes sellers are desperate. The market is bound for a massive correction.

07-08-2008 10:13 AM

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.

07-08-2008 10:34 AM

Why DIVA apply different tactics again hah.....first C&P from all over the world for more than 1 year......... then post "Market fall", "DOWN DOWN DOWN" "40% DOWN" "world recession" "Flipper jump DOWN" "Flipper Dead meat" kind of comments.....

Singapore property market still holding strongly... why ???? if singapore is make up of DIVA ppl... then singapore property market sure down for more than 40% .....DIVA and FOLLOWER are the lowest level of ppl who can't even afford to buy a HDB flat, only renting only....!!!!

07-08-2008 11:30 AM

Quote:

Originally Posted by Anonymous
Why DIVA apply different tactics again hah.....first C&P from all over the world for more than 1 year......... then post "Market fall", "DOWN DOWN DOWN" "40% DOWN" "world recession" "Flipper jump DOWN" "Flipper Dead meat" kind of comments.....

Singapore property market still holding strongly... why ???? if singapore is make up of DIVA ppl... then singapore property market sure down for more than 40% .....DIVA and FOLLOWER are the lowest level of ppl who can't even afford to buy a HDB flat, only renting only....!!!!

You are wrong. Now the followers are the most cash rich people and they will buy you out when prices drop55% and desperate flippers like you can hold on no longer.

07-08-2008 11:45 AM

Quote:

Originally Posted by Anonymous
Quote:

Originally Posted by Anonymous
Why DIVA apply different tactics again hah.....first C&P from all over the world for more than 1 year......... then post "Market fall", "DOWN DOWN DOWN" "40% DOWN" "world recession" "Flipper jump DOWN" "Flipper Dead meat" kind of comments.....

Singapore property market still holding strongly... why ???? if singapore is make up of DIVA ppl... then singapore property market sure down for more than 40% .....DIVA and FOLLOWER are the lowest level of ppl who can't even afford to buy a HDB flat, only renting only....!!!!

You are wrong. Now the followers are the most cash rich people and they will buy you out when prices drop55% and desperate flippers like you can hold on no longer.

The magics words to followers are WAIT BUY(55% lower)

07-08-2008 12:37 PM

Abandon Ship :lol: :lol: :lol:

07-08-2008 02:50 PM

Finance Minister Tharman says economic growth may remain weak
By S Ramesh, Channel NewsAsia | Posted: 07 August 2008 1319 hrs



Tharman Shanmugaratnam



SINGAPORE: Singapore's Finance Minister Tharman Shanmugaratnam cautioned on Thursday the country's economic growth may remain weak for some time.

The minister was speaking at ST Aerospace's national day observance ceremony.

Mr Tharman said that these are challenging times with growth slowing down around the world, and Singapore should be prepared for weakness in its own economy for several quarters.

Economic planners around the world are closely watching the American economy, Mr Tharman continued to say.

"It is still moving down the cycle,” he said. “Some people say it will take as much as another year before the bottom is reached.

“We have to expect continued weakness in the global economy which might extend into next year and we won't be able to avoid a slowdown if that happens."

“The situation now is different from what it was three months ago. The American economy is in a much more perilous state now and the risks facing the financial system, which is a global system and not just an American system, are still very substantial.”

Mr Tharman also said he expects inflation to ease towards the end of the year, not just because of declining oil prices.

"Food prices have also somewhat levelled off. So our expectation is we should be within our latest inflation forecast of six to seven per cent - lower inflation at the end of the year compared to what we saw in the first half of the year.

"Singaporeans can expect to hear more about the state of the economy in the next few days. The Prime Minister is expected, in his televised National Day message to give an update on growth forecasts for the year."

Meanwhile, Mr Tharman said he is confident that Singapore still remains a strong and fit economy, with investments still coming into the country.

07-08-2008 03:35 PM

I see a definite pattern of ppl who keeping losing money in their investment: When price is going up, they think price will keep going up, so wait and when price is going down, they think better hold because if they sell they'll lose money... so in the end whether price is going up or down, they'll keep waiting. HOW TO MAKE MONEY?

CASH IS STILL KING when the recession comes and it's coming very soon


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