mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 9

There are merits in either approach.
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Staying vested means that there will be losses sustained when the global economy suddenly tanks. These losses can effectively wipe out any returns that one may have made in the good years.
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Holding cash means there is gradual but unavoidable erosion of purchasing power due to inflation and the very nature of fiat currency.
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The hybrid approach is probably what Throttle practises - staying vested in good times and liquidating most holdings into cash when the tides are changing. However this requires plenty of intuition, experience and being very disciplined.

Something like that but i actually do always stay invested all the time.
The only question is in what asset class and how much.

For example right now, i have only one property , the roof over my head.
Its fully paid becos i like to treat that as my stored value card. So no matter what happens, i have a bit of money stored. Then i have some in bonds , some in equities currently. less then before though and the bulk in cash becos i dont like what i see right now.

Like you said, there are merits in both.
And being debt free is something which is as individual as ones choice in icecream flavor.

If you have some good ideas, do share with me.

Cheers mate

I've been trying to tell that to people for the longest time and I meant no disrespect to my friend Throttle for choosing otherwise.

Each individual has their own plan.

Why pay in full when my reserves can generate over and above the loan interest charged by banks

A difference in opinion is no disrespect, dude.

But You might hv misunderstood me.
I have never thought that paying in full is the best way, right way, only way
It just my personal most satisfying way.

Primary residence, i try to pay in full becos its a worry off my mind thereafter.
Investment propery, i dont pay in full for reasons we all know.
Watches and other items for general usage, i pay in full as a reminder that if it hurts paying in full, i probably shouldnt buy it.
Cars, i pay in full becos the loan rate is ridiculous.
I also do not buy any car which is past my psychological threshold ie $200k

At the end of the day, i'm just not as brave as some of you out here.
Borrow here borrow there, invest here, invest there.
I cant accept the risk being the sole breadwinner.

I hope with this, nobody misunderstands me yet again.
You are right, everyone has their own plan.
A prudent one , or a risky one, their choice.
Depending on the environment each one has its own pros and cons

Edited by Throttle2, 08 October 2013 - 09:40 PM.

$200K threshold?

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Accord also cannot afford liao $206K

http://www.sgcarmart...p?CarCode=11331

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I also do not buy any car which is past my psychological threshold ie $200k

Edited by Wt_know, 08 October 2013 - 09:45 PM.

$200K threshold?
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Accord also cannot afford liao $206K
http://www.sgcarmart...p?CarCode=11331
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Not quite right.
Can afford but choose not to buy (psychological threshold)
thats why i buy cheap old cars.

Leave the new ones to the "real" rich.
Especially when $206k is more than 3 times my annual salary

Edited by Throttle2, 08 October 2013 - 09:59 PM.

Indeed, everyone has his or her own beliefs when it comes to investments.

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Yours have served you well thus your faith in your own protocols.

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Frankly, I share many of your viewpoints when it comes to investing. The middle path has been the most fruitful so far.

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At this point, the property market is a definite no-no. The liquidity rush is coming to an end and we are likely seeing the last wave of buyers. Upside is essentially capped while downside risks are enormous.�

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The imagery of lemmings comes to mind whenever I come across articles talking about sold-out projects even after the last few cooling measures. To me, the TDSR was the silver bullet, the stake in the heart and we should see the property market indices tapering off or even correcting in next quarter's update.

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In any case, the adage "take care of the downside and the upside will take care of itself" makes most sense at this juncture.

So far two agents have come back to me reducing price by 10% from asking.

Automatically.

But they must be stupid to think buyers are stupid.
Mark up at least 25% then discount 10%.

Then again, some buyers are really stupid...

Muayhahahahahahahah...ooops dont flame me.

Edited by Throttle2, 08 October 2013 - 11:55 PM.

So far two agents have come back to me reducing price by 10% from asking.

Automatically.

But they must be stupid to think buyers are stupid.
Mark up at least 25% then discount 10%.

Muayhahahahahahahah

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I was offered in excess of $3,200 psf for a 2,000 sq ft unit in the place near ..... You know where I stay now right?

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I told the agent that just because others are stupid to seal the deal at that comp doesn't mean I am�

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I was offered in excess of $3,200 psf for a 2,000 sq ft unit in the place near ..... You know where I stay now right?
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I told the agent that just because others are stupid to seal the deal at that comp doesn't mean I am�

$3200psf , waaaahhhahhahhhahahaha......total stupidity. Let them have it .....

I cant accept the risk being the sole breadwinner.

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yup. world of difference in this one line.

for investments, not many people have the discipline, guts nor time�to move entire their portfolios in and out of cash

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the middle ground ie adjusting�weightings in different asset classes�is usually the�preferred way�

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I was offered in excess of $3,200 psf for a 2,000 sq ft unit in the place near ..... You know where I stay now right?

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I told the agent that just because others are stupid to seal the deal at that comp doesn't mean I am�

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Wow... You live in very expensive location!

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I was offered in excess of $3,200 psf for a 2,000 sq ft unit in the place near ..... You know where I stay now right?

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I told the agent that just because others are stupid to seal the deal at that comp doesn't mean I am�

sounds like ... grange road perhaps? off the top of my head, you'd have to be within spitting distance of orchard road ... maybe ion? hmmmm ...

$3.2K on a $2K psf with 60% premium carrot?

walao eh .... sporean is so rich or so stoopid?

having said that ... $100K COE also sup sup water ... so that's understandable ... lol

Edited by Wt_know, 09 October 2013 - 11:21 AM.

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Wow... You live in very expensive location!

Abo then.... Porker stays in the best.

But that place is not for Singaporean buyers generally.
Its more for the cash rich foreign buyer ( and Porker of course)

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yup. world of difference in this one line.

Yes, so compared to friends who are nor married or without dependants, its easier for them to commit $400k car, $100k watch.

blank cheques ready?

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Developers gearing up for residential launches

Sales booking at Nine Residences in Yishun starts tomorrow

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A STREAM of private residential projects is expected to make it to the market in the coming weeks with developers having little incentive to hold back launches.

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First off is Nine Residences in Yishun, where sales booking begins tomorrow. In the Upper Changi area, Tripartite Developers will open the showflat from this weekend for The Inflora condo. Sales booking will start on Oct 25.

Sales are also scheduled to begin next month for Singapore Land's 40-storey condo Alex Residences near Redhill MRT Station; and Duo Residences, a 49-storey residential tower in the Bugis area with 660 apartments being developed by the Khazanah-Temasek joint venture M+S. Also expected to be launched next month is Chiu Teng group's five-storey freehold project in Toh Tuck Road named The Creek. The average price is likely to be around $1,600 psf.

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In Yishun, Chip Eng Seng is expected to price the 99-year leasehold Nine Residences at about $1,070 per square foot on average. Absolute prices will start from around $600,000 for a one-bedder of 495 sq ft. Most of the three-bedders are priced below $1 million; these units range from 915-1,001 sq ft. The project's 186 residential units comprise one to five-bedroom apartments as well as six duplex strata units, each of which has a strata area of 1,905 sq ft inclusive of about 355 sq ft of void area due to a double-volume living room.

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Nine Residences will be part of a 14-storey, mixed development with a strata retail component, Junction Nine, on the first two levels. The 146 strata retail units will be priced between $4,500 psf and $5,500 psf on the first level and $3,000-4,500 psf on the second level. Sizes will range from 118 sq ft to 10,527 sq ft for shop units, and 592-4,209 sq ft for F&B units. The 10,527 sq ft unit is approved for supermarket or shop use and the 4,209 sq ft unit, for foodcourt or restaurant use. Junction Nine and Nine Residences are located on Yishun Avenue 9, about 750 metres from Yishun MRT Station.

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Over at Flora Drive in the Upper Changi area, Tripartite Developers will be rolling out The Inflora, the latest project in its alphabetically-named series in the vicinity. The 396-unit condo is being developed on a 99-year leasehold site about 1.2 km from the future Tampines East MRT Station, which is slated to open in 2017.

Prices start from $400,000-plus for a one-bedder. Hong Leong Group declined to provide an indication of the eight-storey development's average per square foot price.

"Similar to our other projects (in this vicinity), we believe that The Inflora will attract HDB upgraders and Gen Y home buyers with its competitive prices," said Betsy Chng, head of sales and marketing at Hong Leong Holdings, one of the three shareholders of Tripartite Developers. The other two are mainboard-listed City Developments and TID Pte Ltd. TID is a joint venture between Japanese developer Mitsui Fudosan and Hong Leong Holdings.

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Some market watchers reckon the developers may price the project in the $800-plus psf range if they want to move units. "They can afford to do so, given the low historical cost for the site," said an analyst.

CBRE executive director (residential) Joseph Tan said developers are likely to launch projects as soon as possible. "There's not much incentive for them to hold back launches, as prices are unlikely to go up. They will either stay flat or go downwards due to lower sales volumes."

"Amid the caution arising from an affordability crunch caused by the Total Debt Servicing Ratio framework, buyers will selectively go for projects that are deemed to be reasonably or fairly priced," he added.

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It just a cycle...�

10-20 years of low interest rate ... sibei shiok ar

with the expectation of Yellen replacing Ben ... the printer is on standby to print more usd$

dow jump 300+ points to 15,126 ... huat ah

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Low interest rate may persist for decades: Pimco

Published on Oct 05, 2013

NEW YORK - Famed investor Bill Gross, manager of The Pimco Total Return Fund, said the global economy may be facing low policy rates for decades.

Mr Gross wrote in his October investment outlook this week that investors should "bet against" expectations that the federal funds rate - the US Federal Reserve's benchmark short-term borrowing rate - will rise by one percentage point by late 2015.

"The US (and global economy) may have to get used to financially repressive - and therefore low policy rates - for decades to come," wrote Mr Gross, a co-founder and co-chief investment officer at Pimco, whose flagship Pimco Total Return Fund has roughly US$250 billion (S$312 billion) in assets.

"Right now, the market (and the Fed forecast) expects fed funds to be 1 per cent higher by late 2015 and 1 per cent higher still by December 2016. Bet against that," he wrote in the letter entitled "Survival of the Fittest?"

His outlook on the level of rates is important because Pimco manages roughly US$1.97 trillion and is one of the world's largest bond managers.

Mr Gross' and co-chief investment officer and chief executive Mohamed El-Erian's views on Fed actions and global credit also influence other investors because of the firm's size in the marketplace.

The Fed has held its overnight funds rate between zero and 0.25 per cent since December 2008 and has more than tripled its balance sheet to around US$3.7 trillion, in an effort to pull the US economy out of recession and spur stronger economic growth.

On Sept 18, the Fed reiterated that it would not start to raise interest rates at least until unemployment falls to 6.5 per cent, as long as inflation does not threaten to go above 2.5 per cent. The US jobless rate in August was 7.3 per cent.

The Fed also surprised investors by keeping its US$85 billion in monthly purchases of Treasuries and agency mortgages unchanged, confounding many who had expected a reduction.

Mr Gross's Pimco Total Return Fund gained 1.8 per cent in September, its best monthly performance since Jan 2012, according to data from Morningstar. That performance beat 98 per cent of peers, the investment research firm said.

The fund is still down 1.97 per cent for the year, according to the Pimco website.

REUTERS

Edited by Wt_know, 11 October 2013 - 10:01 AM.

Flushed with supply, wow!

new toilet paper by 2020 ...

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http://buzz.money.cn...iling/?iid=Lead

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So what going to happen.......honda accord no 280,000 no talk [jawdrop]

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lucky, I on pubic transport [sweatdrop]

Edited by Staff69, 11 October 2013 - 01:59 PM.

wah this one looks good [thumbsup]

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likely to be over over over over over-subscribed .... huat ah!!!

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Edited by Wt_know, 12 October 2013 - 09:57 AM.

wah this one looks good
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likely to be over over over over over-subscribed .... huat ah!!!
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Where is this?

sembawang ... latest EC launch

Where is this?

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u interested meh? [rolleyes]

sembawang ... latest EC launch

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Another cookie cutter design: bay windows, sky gardens, planter boxes.

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The buildings in Singapore look similar all thanks to the very rigid redevelopment regulations� [rolleyes]

Sometime i wonder why young couples are so happy that they "qualify" to buy an EC. Maybe i have small balls. But if my total household income is below 12k, i would think twice abt buying 1.

Take home after cpf is 10k. Assuming they own a car plus running cost, easily 1500 a mth gone. Lets say add in the rest, income tax, 200, insurance 200, hp, 100, pub 200, cc 350, that add another 1150.

All these are quite certain. Balance 7300 left before personal expenses, holidays, pet give birth, car water boil, .... Not forgetting that most EC is selling at least 650k a unit. Cpf might not be enough to cover all.

I say at most balance only a few k left per month if they control their spendings.

Maybe they have side lines to make money? Share lei.

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u interested meh?

Nah....dont qualify also... Just ask ask ...

nah ... i think you use the wrong word ... should be over qualify .... lol

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$0 - $12K income = qualify ... how can be dont qualify?

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Nah....dont qualify also... Just ask ask ...

Edited by Wt_know, 12 October 2013 - 10:42 PM.

Sometime i wonder why young couples are so happy that they "qualify" to buy an EC. Maybe i have small balls. But if my total household income is below 12k, i would think twice abt buying 1.

Take home after cpf is 10k. Assuming they own a car plus running cost, easily 1500 a mth gone. Lets say add in the rest, income tax, 200, insurance 200, hp, 100, pub 200, cc 350, that add another 1150.

All these are quite certain. Balance 7300 left before personal expenses, holidays, pet give birth, car water boil, .... Not forgetting that most EC is selling at least 650k a unit. Cpf might not be enough to cover all.

I say at most balance only a few k left per month if they control their spendings.

Maybe they have side lines to make money? Share lei.

lau peh lau bu rent out their own units and use the income to tiap.
then all squeeze under one roof

When people buy private condo . Kana cursed annd swea�. Now buy garmen condo also kana......????...people here very� stress out [sweatdrop]

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later will be my turn to be cursed�on BTO [lipsrsealed]

Edited by Staff69, 13 October 2013 - 12:16 PM.

Sometime i wonder why young couples are so happy that they "qualify" to buy an EC. Maybe i have small balls. But if my total household income is below 12k, i would think twice abt buying 1.

Take home after cpf is 10k. Assuming they own a car plus running cost, easily 1500 a mth gone. Lets say add in the rest, income tax, 200, insurance 200, hp, 100, pub 200, cc 350, that add another 1150.

All these are quite certain. Balance 7300 left before personal expenses, holidays, pet give birth, car water boil, .... Not forgetting that most EC is selling at least 650k a unit. Cpf might not be enough to cover all.

I say at most balance only a few k left per month if they control their spendings.

Maybe they have side lines to make money? Share lei.

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How can income tax be only $200 per month for a $10,000 per month take home salary?

174,000 millionaries only (3.2% nia) out of 5.4M population?

i think this is hugely understated leh ...

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Jump in number of S'pore millionaires

Figure now at 174,000, thanks to recovery of financial markets: Report

Published on Oct 10, 2013

By Yasmine Yahya

THE number of millionaires here has risen at a sharp rate, thanks to the robust recovery of financial markets in the past year.

The Credit Suisse Global Wealth Report found that Singapore's total wealth grew by 8.7 per cent to US$1.1 trillion (S$1.37 trillion) in the 12 months to mid-2013. Average wealth per adult increased by 6.8 per cent to US$282,000. This figure includes a person's home, if he owns it.

This is quite a turnaround from the last report, which showed that between mid-2011 and mid-2012, total household wealth in Singapore dipped by 2.5 per cent to US$1 trillion, while the average wealth of people fell by 4 per cent to US$258,117. As a result, Singapore is now ranked second in the Asia-Pacific region after Australia in terms of wealth per adult, up one spot from last year. Globally, Singapore is now in eighth position.

Switzerland retained its top spot, with average wealth of US$513,000 per person, followed by Australia in second place with average wealth of US$403,000 and Norway in third at US$308,000.

The report defines wealth as the value of financial assets plus real assets - mainly real estate - minus household debt.

Towards the top of the wealth pyramid, the number of millionaires in Singapore reached 174,000 by the middle of this year, a rise of 11.5 per cent from last year. It is the highest number that Credit Suisse has recorded here since publishing the annual report in 2010, although the bank revised the way it recorded wealth two years ago.

This number is forecast to further rise by 35 per cent in the next five years to 235,000 in 2018.

This is part of an overall growth story that has been long in the making, said Credit Suisse's private banking and wealth management Asian economist Dennis Tan.

"Over the period of 2000 to 2013, with robust and stable economic growth, average household wealth per adult in Singapore has increased 150 per cent from US$112,800 to US$281,800, at an average growth rate of 7.3 per cent per annum," he said.

"Most of the rise is due to the high savings rate and asset price increases rather than exchange rate movements, although the latter provided a strong boost after the global financial crisis."

Total household assets in Singapore in the middle of this year were divided evenly into financial assets and non-financial assets, reflecting the Government's strong encouragement for both savings and home ownership, he added.

Despite the concerns that have been raised about rising household debt in Singapore, Mr Tan also noted that debt levels here are actually on a par with those seen in other developed markets.

"Although it has grown fairly quickly in recent years, the average debt of US$54,500 per adult is moderate for a high-wealth country, at just 16 per cent of total assets," he said.

The distribution of wealth in Singapore shows a moderate level of inequality, Mr Tan added.

About 80 per cent of the population have wealth above US$10,000 and 46 per cent have wealth above US$100,000, six times the global average.

.com.sg'>yasminey.com.sg

Edited by Wt_know, 13 October 2013 - 02:26 PM.

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How can income tax be only $200 per month for a $10,000 per month take home salary?

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Becasue

1) its household income 10k. so individual maybe 2 x 5k or 3 x 3.3k? based on that the tax will be low lah.

2) even if single income earner 10k, but maybe alot of rebate, aka parents, children, NS, etc

3) under declare [lipsrsealed]

Sometime i wonder why young couples are so happy that they "qualify" to buy an EC. Maybe i have small balls. But if my total household income is below 12k, i would think twice abt buying 1.

Take home after cpf is 10k. Assuming they own a car plus running cost, easily 1500 a mth gone. Lets say add in the rest, income tax, 200, insurance 200, hp, 100, pub 200, cc 350, that add another 1150.

All these are quite certain. Balance 7300 left before personal expenses, holidays, pet give birth, car water boil, .... Not forgetting that most EC is selling at least 650k a unit. Cpf might not be enough to cover all.

I say at most balance only a few k left per month if they control their spendings.

Maybe they have side lines to make money? Share lei.

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so many elites in MCF

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i wonder what lures them here

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174,000 millionaries only (3.2% nia) out of 5.4M population?

i think this is hugely understated leh ...

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if include home ownership,

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i think 50% of HDB flat owners are millionaires

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Nah....dont qualify also... Just ask ask ...

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because those with existing pte pty cannot buy EC mah [laugh] [laugh]

This morning, in the usual mass emails i received from agents, they hv prata their sales pitch now into persuading people to sell becos its at its peak, TDSR make buying tough, CM reduce demand etc etc....

So these agents sibei hor tan. Say low, ask people to buy, say high ask people to sell.
Both sides make money, wow, no wonder so many people beome agents! Wooooohooo.

aberthen .... if not how to make million below 40 years old and feature in ST with nice pix? [laugh]

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This morning, in the usual mass emails i received from agents, they hv prata their sales pitch now into persuading people to sell becos its at its peak, TDSR make buying tough, CM reduce demand etc etc....

So these agents sibei hor tan. Say low, ask people to buy, say high ask people to sell.
Both sides make money, wow, no wonder so many people beome agents! Wooooohooo.

Edited by Wt_know, 14 October 2013 - 11:26 AM.

i am slowly collecting all these flyers and registering online condo interest with these numbers...

[thumbsup]Kudos to the Government!!!

� The Housing and Development Board (HDB) will build four new neighbourhood centres in Punggol, Hougang and Sembawang in five years to boost the supply of HDB shops. It is also banning the assigning of its commercial and industrial tenancies to curb unhealthy speculation.

PHOTOS

File photo: Blocks of HDB flats in a neighbourhood.

SINGAPORE: The Housing and Development Board (HDB) will build four new neighbourhood centres in Punggol, Hougang and Sembawang in five years to boost the supply of HDB shops.

It is also banning the assigning of its commercial and industrial tenancies to curb unhealthy speculation.

In a statement on Monday morning, HDB said it is building the neighbourhood centres and boosting the supply of shops to keep in step with the increased development of public housing.

The aim is to ensure that residents will have access to adequate facilities when they move into their new homes.

Besides shops, the four new neighbourhood centres will also include purpose-built public spaces to encourage community bonding.

HDB said it will announce details of the neighbourhood centres later.

Turning to tenancy of its commercial and industrial properties, HDB said it will disallow new tenants from 16 October 2013 to assign their tenancies.

That means that new tenants from 16 October will have to return the premises to HDB for re-tender if they wish to exit their businesses.

For existing tenancies, a three-year window period will be given to help the tenants make business adjustments.

From now till 15 October 2016, existing tenants can continue to assign their shops or industrial premises.

However, their assignees can no longer further assign the premises as they are considered new tenants.

To help shop tenants who wish to scale down their business operations, HDB will continue to allow shop tenants to sublet up to 50 per cent of their shop space. But only one sub-tenant is allowed.

So far, HDB has allowed its commercial and industrial tenants to assign their tenancies.

This policy was meant to facilitate the exit of marginal tenants and minimise disruption of services.

But in recent years, HDB said it has seen an upswing in average assignment fees and tendered rents.

Such increases would contribute to higher operating costs, which may be passed on to residents and consumers.

Assignment may also encourage unhealthy speculation.

HDB said its commercial and industrial properties are meant for tenants to operate businesses to serve the needs of HDB residents and consumers, and not to serve investments or speculative purposes.

To preserve the original intent, it is disallowing the assignment of commercial and industrial tenancies.�

- CNA/xq

in the meantime..sengkang kenna neglected�

Last night i watched taiwanese news and talk regarding sg property bubble by the experts. Most of experts said that sg will get hit hard in fact one of the hardest when crisis occurs and they said that 2014-2015 could be a difficult year for sg especially with usa weakening.

For property, they said that the increasing supply will reduce the property price in 2014-2015 however the bubble wont burst. Just a correction and not property crashes. They said sg govt very good in planning including introducing the cm8 which curb further rising prices

the so called taiwan experts know sh.it

look at taiwan property and taipei particularly ... the run up is 2x spore property run ....

if spore property correct ... taipei crash liao ... if spore property crash ... taipei fall into a ravine liao

having said that ... the property bubble is indeed building up

whether it crash or slowly letting go air (deflate gently) ... no one knows

the more you expect crash ... the less it will be

the more you expect cheong ... it crash in few weeks to few months fast-n-furious

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based on record, the few spore property crash

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1. asia financial crisis in 1997

2. sars in 2003

3. lehman brothers collapsed in 2008 (tam pok nia ... tiny bit crash and run up quickly)

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for property crash ... there must be a catapult that drive the crash

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1. usa default >> this one jialat ... but 0.0000001% gonna default

2. huge financial crisis >> euro crisis talk day talk night until sian liao

3. huge pandemic crisis >> h1n1 h7n9 ... now also no scare liao

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when comes to demand vs supply ... govt can manage both sides ... the demand and the supply

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what i feel the govt is doing

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1. stablise the price ... don't let it run too fast too furious (out of bound)

2. cooling measure ... to reduce risk especially financial risk

3. correction - minor nia (most affected is bto and non mature hdb resale)� ... to appease the mass and maintain inflation

�

Last night i watched taiwanese news and talk regarding sg property bubble by the experts. Most of experts said that sg will get hit hard in fact one of the hardest when crisis occurs and they said that 2014-2015 could be a difficult year for sg especially with usa weakening.

For property, they said that the increasing supply will reduce the property price in 2014-2015 however the bubble wont burst. Just a correction and not property crashes. They said sg govt very good in planning including introducing the cm8 which curb further rising prices

Edited by Wt_know, 15 October 2013 - 08:24 PM.

the so called taiwan experts know sh.it
look at taiwan property and taipei particularly ... the run up is 2x spore property run ....
if spore property correct ... taipei crash liao ... if spore property crash ... taipei fall into a ravine liao
having said that ... the property bubble is indeed building up
whether it crash or slowly letting go air (deflate gently) ... no one knows
the more you expect crash ... the less it will be
the more you expect cheong ... it crash in few weeks to few months fast-n-furious
�
based on record, the few spore property crash
�
1. asia financial crisis in 1997
2. sars in 2003
3. lehman brothers collapsed in 2008 (tam pok nia ... tiny bit crash and run up quickly)
�
for property crash ... there must be a catapult that drive the crash
�
1. usa default >> this one jialat ... but 0.0000001% gonna default
2. huge financial crisis >> euro crisis talk day talk night until sian liao
3. huge pandemic crisis >> h1n1 h7n9 ... now also no scare liao
�
when comes to demand vs supply ... govt can manage both sides ... the demand and the supply
�
what i feel the govt is doing
�
1. stablise the price ... don't let it run too fast too furious (out of bound)
2. cooling measure ... to reduce risk especially financial risk
3. correction - minor nia (most affected is bto and non mature hdb resale)� ... to appease the mass and maintain inflation
�
�

As world top 5 financial hub, sg has really lots of $$$ invested from outside, the stabile legal system make singapore the best property to invest. After listening their talks indeed make senses, alot of points they mentioned and i got to be agree with them. One of them are expert in REITs

All is well now. Good job PAP for showing the way to Asia.

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Singapore no property bubble

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mod can close thread liao and everyone please start buying esp table wiper

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Bloomberg say one

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Singapore Shows Asia How To Crack Down on Housing Bubble

By Pooja Thakur - Oct 16, 2013 11:00 AM GMT+0800

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Singapore, the city-state that banned chewing gum to curb litter, is showing the rest of Asia how to cool a housing bubble.

The government this year ramped up efforts to bring down property prices that surged to a record, adopting some of its strictest measures, including a cap on debt at 60 percent of a borrower�s income, higher stamp duties on home purchases and an increase in real-estate taxes. The combination and timing of the curbs is the most comprehensive among governments battling housing bubbles, according to Vishnu Varathan, an economist at Mizuho Bank Ltd.

The curbs are proving more successful than in Hong Kong and China where policy makers have experimented with a variety of initiatives to temper soaring housing markets. Home prices in Singapore have gained 33 percent since 2009, while they have more than doubled in Hong Kong in the period.

�The government has enacted all these measures quite early,� Vikrant Pandey, a Singapore-based analyst at UOB Kay Hian Pte, the securities unit of Southeast Asia�s third-largest lender, United Overseas Bank Ltd. (UOB), said. �They want to contain a bubble from reaching levels where it brings down the whole system.�

Home prices in Singapore had the slowest growth in six quarters in the three months ended Sept. 30. Sales declined and mortgage growth fell to 13 percent in July from 18 percent two years ago.

The city-state, on an island off the southern tip of the Malay Peninsula, began introducing curbs four years ago after home prices climbed 25 percent in the two years to 2008. The government of Prime Minister Lee Hsien Loong intensified efforts as prices jumped a further 40 percent, driven by low interest rates, demand from local Singaporeans to upgrade from government to private housing, as well as buyers from China and Southeast Asia.

Tighter Lending

The gains led to Singapore being ranked the most-expensive city to buy a luxury home in Asia after Hong Kong by property broker Knight Frank LLP in a wealth report in March. Shanghai was ranked third and Beijing fourth in the report as of the fourth quarter of 2012.

The average price of a new 1,000-square-foot condominium is between S$1 million ($799,000) and S$1.2 million, according to London-based broker Savills Plc. (SVS) In Hong Kong, where prices have more than doubled since early 2009, the average for a similar size apartment is between HK$8.1 million ($1.04 million) and HK$12.8 million, according to Midland Holdings Ltd., the city�s biggest realtor.

Payments Capped

In Singapore, the government raised the minimum down-payment on second-home purchases, brought in new taxes for foreign and corporate buyers, and added a stamp duty for all residential properties. The Monetary Authority of Singapore said June 28 that home loans should not exceed a total debt-servicing ratio of 60 percent. In August, the central bank then cut the maximum period for new loans to buy public housing, where about 80 percent of Singaporeans live, by five years to 25 years. Mortgage payments were capped at 30 percent of gross monthly incomes, down from 35 percent, according to the Housing & Development Board.

�The loan measures are more lethal than the other measures,� said David Neubronner, national director of residential project sales in Singapore at broker Jones Lang LaSalle Inc. (JLL) �Home prices will remain flat for the next six to nine months.�

The restrictions are already deterring potential buyers such as Jeremy Ong, a Singaporean dentist, who was prepared to spend S$2 million to buy an apartment.

�The latest loan measures are tough and interest rates are going to go up,� said Ong, 32, who had been looking for a three-bedroom apartment near the upscale Orchard shopping district. �I planned to take a loan for 80 percent of the home value, but I�m not sure with the new rules how much I�ll get since I also have a car loan.�

Sales Drop

While an index of private-residential property prices rose to a record 216.2 points in the quarter ended Sept. 30, the 0.4 percent increase was the smallest since the first quarter of 2012, according to preliminary figures from the Urban Redevelopment Authority on Oct. 1.

Apartment prices fell 0.5 percent in prime districts in the third quarter, more than the 0.2 percent decline in the previous three months, the URA data on Oct. 1 showed.

The city�s private home sales slid 48 percent to 742 in August from a year earlier, the authority said in September. In July, sales fell to 482, the lowest in almost four years.

Developer �Headwinds�

Neubronner estimates private new home sales this year could drop to 15,000 units from 22,197 units in 2012.

�This is what the regulator wants; the key objective is to moderate the loan growth and price correction with the measures put in place,� said Linda Lee, Singapore-based senior vice president of deposits and secured lending at DBS Group Holdings Ltd., Southeast Asia�s largest lender. �They also want the consumer to be more prudent when applying for loans so they can control the overall debt in the country.�

The slowdown is beginning to hurt developers. CapitaLand Ltd. (FSSTI) and City Developments (CIT) Ltd., Singapore�s two-biggest homebuilders, said in the past three months they expect �headwinds� in the city�s property market because of the latest measures.

Developers� profit margins for recent residential project sales dropped to 11 percent from 22 percent six months earlier, Standard Chartered Plc analysts, led by Regina Lim, said in a note to clients on Sept. 18. Net profit margins could fall to less than 10 percent over the next 12 months, the report showed.

CapitaLand said in July it sold 139 residential units in the island-state in the three months ended June 30, 31 percent fewer than in the same period last year. City Developments said Aug. 6 it expects the volume of private residential sales to decline and prices to moderate in the mass market segment due to a tightening of bank borrowings.

Slower Growth

�Sales of homes will be lower and the effects on mortgage lending in terms of slower loan growth will continue to be felt over the next few quarters,� said Ken Ang, an analyst at Phillip Securities Pte in Singapore.

Mortgage rates also are rising. Borrowing costs in Singapore, which doesn�t set interest rates to manage monetary policy, are driven by global rates, especially those in the U.S., where bond yields have been rising in the last year as economic growth picks up and the Federal Reserve considers tapering stimulus.

A �vast majority� of mortgage loans in Singapore have a floating rate, which means households will face higher monthly repayments when interest rates �normalize,� the MAS said in July, referring to expectations that rates will start rising.

Borrowers� Risks

MAS estimates that between 5 percent and 10 percent of borrowers could be over-leveraged on their property purchases with total debt service payments exceeding 60 percent of their income. A 3-percentage-point increase in mortgage rates would boost the proportion of borrowers at risk by as much as 15 percent, according to the MAS.

The average 25-to-30-year floating-mortgage rate has risen to 1.3 percent from about 0.9 percent a year ago, said Keff Hui, a director at Mortgage Supermart Pte, a Singapore-based mortgage brokerage.

That�s a risk Ong, the dentist, says he wants to avoid.

�I�m worried about servicing the loan as interest rates start rising,� he said. �I�m hoping that property prices will come down to more affordable levels.�

Home Ownership

Under its first prime minister, Lee Kuan Yew, the city was transformed from a colonial backwater during its independence in 1965 into one of Asia�s most prosperous nations. One of Lee�s key policies was public housing, building modern apartments where 82 percent of Singaporeans now live, according to the Housing & Development Board�s website.

The home ownership rate for resident households was at 90.1 percent in 2012, up from 58.8 percent in 1980, according to government data. Lee stepped down as prime minister in 1990 and left the cabinet as minister mentor in 2011.

Singapore isn�t alone in struggling to come up with measures to stem property price gains, though the island-state that banned the sale of chewing gum in 1992, has proven more determined. The government in 2004 eased some of the ban on gum sales.

Hong Kong

Hong Kong�s government, in February doubled the stamp duty on all properties above HK$2 million and raised the minimum mortgage down-payment requirements on all non-residential properties.

A shortage of supply -- from 2008 to 2012 Hong Kong developers completed the fewest number of units in any five-year period since the government began keeping records in 1985, while regular land sales were halted in 2004 -- ongoing demand from mainland Chinese, as well as less stringent mortgage rules than in Singapore, have seen prices steadily increase. They are up about 5 percent this year, according to an index compiled by Centaline Property Agency Ltd.

�Obviously, the tighter housing supply situation means Hong Kong has fewer tools to fight gains in home prices compared with Singapore,� said Hong Kong-based Buggle Lau, chief analyst at Midland Holdings Ltd. (1200)

The city�s curbs are starting to show some effects. There were about 11,000 home transactions in the third quarter, the lowest since the government�s Land Registry began making the data available in 1996. Residential prices will fall 15 percent to 20 percent in 2014 and are expected to decline 5 percent this year, according to UBS AG.

Chinese Demand

Demand for homes in China remains unbowed even after the government in March stepped up a campaign targeting cities with excessive price gains and tightening home-purchase limits. Prices in September climbed the most this year from a year earlier, according to private data from SouFun Ltd., as the government has been less inclined to add to the measures and provincial cities, which rely on land sales for revenue, don�t have many incentives to implement them wholeheartedly.

While some may find Singapore�s property rules �draconian,� authorities should be pre-emptive and proactive, said Varathan at Mizuho Bank.

�It�s commendable,� Singapore-based Varathan said. �These are prudential measures to make sure that you don�t get an Asian version of the mortgage crisis in the U.S.�

�

huat ah !!!

Sky Habitat and Sky Vue can continue to cheong ... no $2M no talk !!!

�

jeremy should surf MCF earlier to learn buy car with cash ... then no problem liao .... haiz

just settle the car la ... if kena early settlement penalty ... peanuts la

dentist can make at least $20k/mth ... sup sup water

anyway, i think jeremy will see bishan no up la ... suburban .... lol

�

spend $2M + 80% loan = $10M .... dun play play

or did i read wrongly ... total is $2M for an apartment at orchard shopping district? where where where? bishan already $2M ... what talking jeremy?

�

The restrictions are already deterring potential buyers such as Jeremy Ong, a Singaporean dentist, who was prepared to spend S$2 million to buy an apartment.
�The latest loan measures are tough and interest rates are going to go up,� said Ong, 32, who had been looking for a three-bedroom apartment near the upscale Orchard shopping district. �I planned to take a loan for 80 percent of the home value, but I�m not sure with the new rules how much I�ll get since I also have a car loan.�

Edited by Wt_know, 16 October 2013 - 03:15 PM.

Lucky I got no car loan or car

going back to wait for my bidadari BTO

Edited by Staff69, 16 October 2013 - 03:10 PM.

Today I learn that bright hill and bishan is called "city fringe". smlj is this?

�

Anyways HUAT AH!

�

http://www.straitsti...-fringe-areas-2

�

---Quote---

New home sales jump 65% in September, strongest demand seen in city-fringe areas

�

Home buyers in Singapore picked up 1,246 private homes last month, as developers rolled out a range of new property launches.

This was a 64.8 per cent jump over August's 756 units, data from the Urban Redevelopment Authority (URA) showed on Wednesday. Both figures exclude executive condominiums (ECs).

The top seller in September was Sky Vue in Bishan, where 433 units were sold at a median price of $1,401 per sq ft (psf), according to URA data.

This was followed by Thomson Three at Bright Hill Drive, where 264 units were sold at a median price of $1,362 psf.

---Unquote---

entire singapore is "city fringe" .... by 2030 every block is < 200 meters away from mrt/lrt?

Edited by Wt_know, 16 October 2013 - 03:19 PM.

Then those staying tiong bahru, telok blangah, kallang bahru etc is call what ah? Inner city fringe? City inner fringe? Almost-city-but-not-quite?

Yup correct.

It will not crash, it will be more realistic.
That is 15-20% off current sellers' marked up asking prices.

I stick to my guns.

AMK very near city?

Toa Payoh sibei good location?

Bishan is tok kong?

Clementi is the best?

Jurong East what?

�

nabei ... city or no city nor fringe ... as long as got people fight ... the price is up up and away

�

now punggol and sengkang also .... gaining city-fricking-igy price liao

Edited by Wt_know, 16 October 2013 - 03:39 PM.

huat ah !!!
Sky Habitat and Sky Vue can continue to cheong ... no $2M no talk !!!
�
jeremy should surf MCF earlier to learn buy car with cash ... then no problem liao .... haiz
just settle the car la ... if kena early settlement penalty ... peanuts la
dentist can make at least $20k/mth ... sup sup water
anyway, i think jeremy will see bishan no up la ... suburban .... lol
�
spend $2M + 80% loan = $10M .... dun play play
or did i read wrongly ... total is $2M for an apartment at orchard shopping district? where where where? bishan already $2M ... what talking jeremy?
�

Spend $2mil to buy means that the apartment is priced at $2mil
It doesnt mean downpaying $2mil
He will down 20% which is sup sup sui $400k and loan the rest.
With a strong stable income, and that being his first home, i think its quite alright.

$2mil for 750sft apartment off the edge of orchard road is plentiful.

AMK very near city?
Toa Payoh sibei good location?
Bishan is tok kong?
Clementi is the best?
Jurong East what?
�
nabei ... city or no city nor fringe ... as long as got people fight ... the price is up up and away
�
now punggol and sengkang also .... gaining city-fricking-igy price liao

Good good, let them buy.
The higher and the harder, the gian pngs buy, the more it will gap down later.....

Heeeheee, i stand by and watch the bloodshed....

Dont blame me, i dont blame you either...muayhahaha

huat ah !!!
Sky Habitat and Sky Vue can continue to cheong ... no $2M no talk !!!
�
jeremy should surf MCF earlier to learn buy car with cash ... then no problem liao .... haiz
just settle the car la ... if kena early settlement penalty ... peanuts la
dentist can make at least $20k/mth ... sup sup water
anyway, i think jeremy will see bishan no up la ... suburban .... lol
�
spend $2M + 80% loan = $10M .... dun play play
or did i read wrongly ... total is $2M for an apartment at orchard shopping district? where where where? bishan already $2M ... what talking jeremy?
�

Jeremy twlking about hdb near orchard hwha

entire singapore is "city fringe" .... by 2030 every block is < 200 meters away from mrt/lrt?

By 2030 there will be no singaporean soul in this city, all moves to JB liao

no prediction for Taiwan property yet from these expertssssssssss?

let's see who has the best lelong sales

�

Hong Kong Home Prices to Fall Up to 25%, Bank of America Says

http://www.bloomberg...erica-says.html

�

Singapore home prices could fall 20% by 2015: Barclays

http://www.cnbc.com/id/101067872

Edited by Wt_know, 16 October 2013 - 04:56 PM.

20% down in a nice round number

news reported hdb recorded higher deficit ... i am sad ...

Edited by Wt_know, 16 October 2013 - 11:05 PM.

no default ... phew ... property cheong continue .... !!!

no default ... phew ... property cheong continue .... !!!

Er, i buying 6 units this weekend, you buying?
Buy together got discount leh...

Hehhehheh.

Buy buy, plse buy.....

i'm waiting for jeremy for group buy ... $2M penthouse in orchard .... tail-tail-very-end, can?

�

Er, i buying 6 units this weekend, you buying?
Buy together got discount leh...

Hehhehheh.

Buy buy, plse buy.....

Edited by Wt_know, 17 October 2013 - 11:06 AM.

i'm waiting for jeremy for group buy ... $2M penthouse in orchard .... tail-tail-very-end, can?
�

Cannot must buy this weekend, prices going up loh

Er, i buying 6 units this weekend, you buying?
Buy together got discount leh...

Hehhehheh.

Buy buy, plse buy.....

�

since when you�switched to "buy 10 properties for the price of 1" business?

buy buy buy .... MUST BUY .... the boat is going to leave the berth soon ... huat ah !!!

�

buy buy buy .... MUST BUY .... the boat is going to leave the berth soon ... huat ah !!!

�

�

sorry hor, no watch, bo pakai

�

�

sorry hor, no watch, bo pakai

�

this one can?�

�

Attached Thumbnails

�

this one can?�

�

�

�

sibei classic man! [grin] � [grin]

�
since when you�switched to "buy 10 properties for the price of 1" business?

Hahha, must psycho the sacrificial "lambs" to the slaughter mah.....heehheeeheee...
classicwatch

Attached Thumbnails

classicwatch

�

u sure? i think not even reservist outfield u will wear that watch... heh

�
u sure? i think not even reservist outfield u will wear that watch... heh

My daughter is wearing it. Just bot it for her recently.
It's a classic. I had it when i was her age

�

u sure? i think not even reservist outfield u will wear that watch... heh

�

he wears his disposable watch during reservist outfield

�

an SS sub

�

two home wear classics

Attached Thumbnails

ok ... for Radx [thumbsup]

�

�
�
he wears his disposable watch during reservist outfield
�
an SS sub
�

Yes, you are absolutely right.
I wear it on a tropic rubber strap not on steel bracelet for safety purpose

ok ... for Radx

�

hey nice IWC,� can pm me how much

ok ... for Radx

�

�

thats the way...must maintian the standard hor.....kekekekek

ok ... for Radx
�

Nice Mark XVII

I have a Mark XV military dial on bracelet, myself. Smaller watch compared to yours. It is one of my favourite watches. I love its slimness, simplicity and unpretentiousness. The non-coated domed crystal makes it awesome.

Nice Mark XVII

I have a Mark XV military dial on bracelet, myself. Smaller watch compared to yours. It is one of my favourite watches. I love its slimness, simplicity and unpretentiousness. The non-coated domed crystal makes it awesome.

OT liao, dude

Keep on receiving junk mail on Inflora Mass Market Condo.
Agent screaming under $900psf leh, so expensive...

Keep on receiving junk mail on Inflora Mass Market Condo.
Agent screaming under $900psf leh, so expensive...

900 psf for Loyang area? That's kinda ex...

MRT station coming up in future? Amenities (besides Changi Prison)?

900 psf for Loyang area? That's kinda ex...

MRT station coming up in future? Amenities (besides Changi Prison)?

Agent screaming cheap cheap in these spam emails leh...
So must cheong to buy or not???? Heh heh

i have viewed several units around hillview, cck and bukit panjang areas.

agent called me $1000-$1200psf is super cheap liao and will never go down� ... take it or leave it [knife]

�

Keep on receiving junk mail on Inflora Mass Market Condo.
Agent screaming under $900psf leh, so expensive...

Edited by Wt_know, 21 October 2013 - 10:45 AM.

faster buy la

faster buy la

You faster buy lah.
Seems like only agents are screaming cheap as usual

no marney cannot buy... everything so expensive nowadays

no marney cannot buy... everything so expensive nowadays

Yah, sama sama, so how come people scream "cheap" "cheap" leh.....

screaming cheap is priceless ... you see many sporeans shouting cheap in JB property showroom ...

�

RM$1M = SGD$400K ... cheaper than a HDB

Edited by Wt_know, 21 October 2013 - 01:34 PM.

screaming cheap is priceless ... you see many sporeans shouting cheap in JB property showroom ...

�

RM$1M = SGD$400K ... cheaper than a HDB

JB? Cheap for a reason... [sweatdrop]

i have viewed several units around hillview, cck and bukit panjang areas.

agent called me $1000-$1200psf is super cheap liao and will never go down� ... take it or leave it

�

�

Cheap is relative.

�

In end 2008, $700 psf for lakeside is expensive

�

The agent is right in the sense in today's new launches, $1,000 psf is about as low as it will go, even in bukit panjang.

�

It's all about the absolute quantum now. Developers maintaining their PSF and downsizing 3 bedrooms to as small as <700 sqft

�

So it is really take it or leave it.. depending on your outlook of the market�

Keep on receiving junk mail on Inflora Mass Market Condo.
Agent screaming under $900psf leh, so expensive...

�

actually for the smaller units, it is $1,000 psf�

900 psf for Loyang area? That's kinda ex...

MRT station coming up in future? Amenities (besides Changi Prison)?

�

i think in the future, there should be a mrt station next to changi prison...

�

for convenience to visit inmates� :ph34r:

i have viewed several units around hillview, cck and bukit panjang areas.

agent called me $1000-$1200psf is super cheap liao and will never go down� ... take it or leave it

�

�

Punggol oredi hit $1500 psf, jurong east $1700 psf and bishan $1800 psf. The upcoming Tiong bahru condo rumoured to launch at $2000 psf. No need for fluff and salesman talk, juz look at the bidded land price, construction cost and upward interest rate movements can tell oredi. So actualli, $1000-$1200 is super cheap liao.

�

�

Punggol oredi hit $1500 psf, jurong east $1700 psf and bishan $1800 psf. The upcoming Tiong bahru condo rumoured to launch at $2000 psf. No need for fluff and salesman talk, juz look at the bidded land price, construction cost and upward interest rate movements can tell oredi. So actualli, $1000-$1200 is super cheap liao.

�

pwah...din know u agent

�

i still say go woodlands...still $600 psf...kekekke

Cheap la cck near to jurong the new CBD, so u see jurong 1700 psf which is cheap, cck 1000-1200 considered very cheap

Cheap la cck near to jurong the new CBD, so u see jurong 1700 psf which is cheap, cck 1000-1200 considered very cheap

But the bus service 190 at CCK is quite c0ck up... ��

But the bus service 190 at CCK is quite c0ck up... ��

thats why its hot in demand lol

�
�
Punggol oredi hit $1500 psf, jurong east $1700 psf and bishan $1800 psf. The upcoming Tiong bahru condo rumoured to launch at $2000 psf. No need for fluff and salesman talk, juz look at the bidded land price, construction cost and upward interest rate movements can tell oredi. So actualli, $1000-$1200 is super cheap liao.

Then, dont hear you buying??
If cheap must sow

Edited by Throttle2, 21 October 2013 - 11:50 PM.

you sue me? I SUE YOU hor ... don't play play

�

couple try to back out after finding the $psf is actually higher than they think or suddenly realised $12,370 income cannot tahan a $1.12M?

in the end, kena counter-sued for lying their income ... lol

�

TITLE: Couple suing condo developer for fraud gets counter-sued
By Claire Huang
POSTED: 21 Oct 2013 17:41
URL: http://www.channelne...ndo/855928.html

A Singaporean couple suing a condominium developer for fraud over 20 square metres of space is being sued in turn. They claim the developer misled them into thinking they were buying an executive condominium unit with a floor area of 167 square metres at Blossom Residences.

SINGAPORE: A Singaporean couple suing a condominium developer for fraud over 20 square metres of space is being sued in turn.

Poh Her Chiew and Ling Mee Chow, both in their 40s, claim the developer misled them into thinking they were buying an executive condominium unit with a floor area of 167 square metres at Blossom Residences.

They said the actual area should be 147 square metres, as there is 20 square metres' worth of space rendered void.

The unit was priced at S$1.12 million.

Blossom Residences is a project that is still under construction by Grand Isle Holdings Pte Ltd.

Grand Isle Holdings is a subsidiary of City Developments Limited.

The couple's lawsuit states that the developer and its estate agent, ERA, had left out the fact about the void space in the sale brochure and documents bundled with the Option to Purchase (OTP).

It said the issue was only revealed several weeks later in the Sale & Purchase agreement.

The couple then chose not to exercise the OTP and sued the developer.

They wanted to seek repeal of the OTP and damages for wasted expenses and opportunity loss.

Their income has risen higher than the S$12,000 ceiling and this means they are ineligible to buy an alternative executive condominium unit.

While this lawsuit is to be heard in the High Court from Wednesday, the defendant is expected to bring a counterclaim against the buyers on the same day.

This is for under-declaring their monthly income by S$370.

The lawyer representing the developer is expected to ask the court to rule that the buyers forfeit the entire sum of Option Monies of more than S$56,000.

This includes the S$42,000 refunded to the buyers when they did not exercise the OTP.

The buyers are represented by Vijay Kumar Rai of Arbiters Inc Law Corporation, and the developer by Senior Counsel Ang Cheng Hock of Allen & Gledhill.

- CNA/xq

Edited by Wt_know, 22 October 2013 - 08:01 AM.

one separate note ... new EC 3 times oversubscribed .... huat ah!!!

�

Edited by Wt_know, 22 October 2013 - 08:12 AM.

Then, dont hear you buying??
If cheap must sow

�

not as richie riche as u mah. muz follow pay full cash sifu.�

all of you shouting cheap but don't buy�

�

yeah talk is very cheap indeed

�

�

pwah...din know u agent

�

�

i still say go woodlands...still $600 psf...kekekke

�

which project is that?

�

I looked at old resale in woodgrove.. location so ulu also asking $800 psf

i know of a research guy in one of the international property consultant firms who bought a unit in Jur East at $1,600 psf.

�

He is of the view it has potential to go beyond $2.000 psf

�

Although i do not share his optimism, this is evidence that it is not only agents who are bullish. At least this research analyst puts his money where his mouth is.

all of you shouting cheap but don't buy�

�

yeah talk is very cheap indeed

�

�

�

�

Waiting for it to be even cheaper�

Muayhahaha.....

�

which project is that?

�

I looked at old resale in woodgrove.. location so ulu also asking $800 psf

i know of a research guy in one of the international property consultant firms who bought a unit in Jur East at $1,600 psf.

�

He is of the view it has potential to go beyond $2.000 psf

�

Although i do not share his optimism, this is evidence that it is not only agents who are bullish. At least this research analyst puts his money where his mouth is.

�

Waiting for it to be even cheaper�

�

Must wait for quite a long time... So far.. seldom see fire sale for condo except finanical crisis...

Edited by Apvman, 23 October 2013 - 10:52 AM.

Yet agents continue to price high high for the stupid to buy.

Attached Thumbnails

Yet agents continue to price high high for the stupid to buy.

�

PAP policies mostly put local Singaporean at a disavantage lah , Other example , is you cannot buy HDB if you own pte property in oversea . KNN ,�I know of many PRs got multiple oversea condos !�Also the FT can drive foreigner car , I saw many ang moh FTs staying in Iskandar driving JB cars in and out , save on COEs and housing , somemore got big fat salary locals can only dream of . Funny thing is how come ang moh not get scared of rob or soldomise huh ?

Edited by Jasonjst, 25 October 2013 - 04:15 PM.

�
PAP policies mostly put local Singaporean at a disavantage lah , Other example , is you cannot buy HDB if you own pte property in oversea . KNN ,�I know of many PRs got multiple oversea condos !�Also the FT can drive foreigner car , I saw many ang moh FTs staying in Iskandar driving JB cars in and out , save on COEs and housing , somemore got big fat salary locals can only dream of . Funny thing is how come ang moh not get scared of rob or soldomise huh ?

Plse dont turn this into another one of those pap bashing discussions.
If you want to stay in jb and drive in and out, go ahead. No one is stopping you.

Why small units way far out from central go for $1500psf.

Blame who?

Why small units way far out from central go for $1500psf.

Blame who?

�

Got stat to show who are the buyers ?� I guess must be mostly FTs right ?

Plse dont turn this into another one of those pap bashing discussions.
If you want to stay in jb and drive in and out, go ahead. No one is stopping you.

�

well said.�

Ohh Najib just announced minimum cap for foreigners purchasing property in M'sia will double to 1 million ringgit. How ah how ah? [grin]

Ohh Najib just announced minimum cap for foreigners purchasing property in M'sia will double to 1 million ringgit. How ah how ah?

At least he do his part as PM to safe guard the locals. It cannot be merocrazy for all nationals . The land belong to the citzen ,and future genaration, it is not right for ruling party to sell away to foreigers. discriminately.

iskandar huat ah!!!
no MYR$1M no talk for sporean buyer [thumbsup]

danga bay cheapo units below MYR$1M can eat banana liao ...

Edited by Wt_know, 25 October 2013 - 10:52 PM.

�
Got stat to show who are the buyers ?� I guess must be mostly FTs right ?

FTs ?

Nah...its our very own stupid Singaporeans

Ohh Najib just announced minimum cap for foreigners purchasing property in M'sia will double to 1 million ringgit. How ah how ah?

I heard from my wife that he also put in place capital gains tax (to 30%) and some other restrictions on funding.

Hoh say liao, property in JB going up up up liao.........becos so much demand....muayhahahah...

I heard from my wife that he also put in place capital gains tax (to 30%) and some other restrictions on funding.

Hoh say liao, property in JB going up up up liao.........becos so much demand....muayhahahah...

�

Link

http://www.reuters.c...N0IE0TY20131025

�

Link

http://www.reuters.c...N0IE0TY20131025

�

The MY developers might even huat wif the min $1M threshold for foreign purchasers. Something that was priced at, say, RM 800k could simply be 'sold' at RM 1M as it's still 'cheap' to many s'poreans. The marked up price could be in the form of loan rebates, stamp duty rebates, >10% p.a rental guarantees, reno packages, free maintenance for 5 yrs, etc, etc. Basically something that could outstretch the 5-yr RGPT. Sales could actually improve.�

wah......will BTO�be priced cheaper

The reports always use no. of units sold.
For eg. Last mth XXno. Of units sold versus a year ago XX no. of units sold.
Its so wrong to simply compare no. of units.

Nowadays most units sold are small compared to before.
Last time units sold average 1000 - 1200sf sizes,
now probably per unit $700k - $800k or even less.
Totally different.

They should be using size area sold, or break down data to show.

That said, i read somewhere that despite all this so call buying frenzy, more than 3,000 units remain unsold throughout the island.
So someone must be lying, i wonder wonder wonder

iskandar huat ah!!!
no MYR$1M no talk for sporean buyer
danga bay cheapo units below MYR$1M can eat banana liao ...

�

currently the minimum is pegged at 1/2M, but Iskandar Medini is exempted from this 1/2M, unlikely they will pegged to the latest 1M as they would still like to see investors going into this area

meanwhile in boleh:

�

1383040_10151945882690295_1288974405_n.j

^ power... hahahaha....

danga bay i heard now is dun get rob den is the exception

�

went to kpo inflora yesterday.... wah really all 1 & 2rm all sold out...

Edited by Mockngbrd, 28 October 2013 - 05:44 PM.

^ power... hahahaha....

danga bay i heard now is dun get rob den is the exception
�
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�
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went to kpo inflora yesterday.... wah really all 1 & 2rm all sold out...

Small quantum units are easier becos the audience is wider, just like everything else.
But due to the CMs, the ability to buy one after another has been capped.
Ownership regulations, credit regulations and duties.

I believe just about every relatively big project is facing 10-20% unsold units and will take a longer time to clear stocks. Inflora developers know, so they have to make prices look "cheap" to the current buyers push out as much as quickly. Whatever is leftover may then take a while.

The cue in mass market prIces is from HdB. Once that falls, the baseline is altered. Cant sell high, cant buy high either. Of course risk appetite was the game changer but with TDSR in play, thats also in check.

All the best.

iskandar? aiya .... small peanut la ... singapore is going to buy the world ... no TDSR, no ABSD, no SSD, huat ah!!!

�

http://www.cnbc.com/id/101147258

Singapore�s wealthy help drive global property demand

�

Wealth creation in Asia is driving growing demand for newly-built luxury homes globally, with the small island-nation of Singapore taking second place to China on a list of most important buyers, real-estate consultancy Knight Frank said.

�

http://www.cnbc.com/id/101093765

Singaporeans snap up London homes as local market slows

�

According to Levene, London's property market is now seen as a safe haven among Singaporean buyers looking to diversify their property portfolio and safeguard their investments. Further compounding this trend, unattractive conditions in Singapore's domestic market are pushing investors elsewhere

Edited by Wt_know, 29 October 2013 - 09:09 AM.

mycarforum

Thứ Ba, 3 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 9

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