mycarforum: Private property prices... Up or Down? part 15

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Are you calling the bottom?

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i dont call tops or bottoms, but there maybe a chance we are at the beginning of a larger bowl shaped bottom formation. some expect CMs to be removed later this yr or wat i expect by budget� 1Q2016, but thats nett off by rising SIBOR, so we may end up with a v long drag of a bottom, in other words dam boring prop mkt for a few more yrs before anything more exciting happens IMO

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MOF will prob time the CM removals in relation to US Fed Fund rates increase as SG is price taker, not maker in terms of borrowing costs.
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Edited by Duckduck, 23 May 2015 - 03:49 PM.

More foreigners snapped up luxury homes in Q-
http://sbr.com.sg/so...ury-homes-in-q1

Leasing volume surprisingly resilient in tough property market-
http://sbr.com.sg/re...property-market

Singapores luxury property sector to continue downtrend in 2015-
http://sbr.com.sg/re...wntrend-in-2015

Good bargains lure cautious buyers back into the struggling property market-
http://sbr.com.sg/re...g-property-mark

Number of unsold EC units hits all-time high in April-
http://sbr.com.sg/re...e-high-in-april

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Got money but no brains.

Yup a lot of such people.
In fact recently got one bunch was conned of $60mil right?
Thats why they need middleman to help them sell.
Silly really.

First rule in selling
Do not be emotional or sentimental with the property
What you like people may not, if they criticise the property, Dont take it personally
Likeiwise dont be tricked by smooth talk or praises.

Objective is to sell it at the highest price reasonably.
Accept both criticism and praises humbly and respectfully
Explain the reasons by all means but no need to get emotional

Thats life...

http://www.federalre...en20150522a.htm

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if the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy.�

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.........

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which I expect would mean that it will be several years before the federal funds rate would be back to its normal, longer-run level.

Today you good mood hor. Bought or sold afew units ?

Have a good wk ahead.

Yup a lot of such people.
In fact recently got one bunch was conned of $60mil right?
Thats why they need middleman to help them sell.
Silly really.

First rule in selling
Do not be emotional or sentimental with the property
What you like people may not, if they criticise the property, Dont take it personally
Likeiwise dont be tricked by smooth talk or praises.

Objective is to sell it at the highest price reasonably.
Accept both criticism and praises humbly and respectfully
Explain the reasons by all means but no need to get emotional

Thats life...

Just saw it on paper

Just saw it on paper
20150526_121129.jpg

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so wat did her sister say?

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also, shldnt IRAS also go after all those investors? after all they are the ultimate beneficiaries of the investments so therefore they all need to pay ABSD etc etc, if not anyone can create shell coys to escape ABSD/SSD right?

Edited by Duckduck, 26 May 2015 - 12:39 PM.

Just saw it on paper
20150526_121129.jpg

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Ohh.. i know where that house is, the 5 serie quite distinctive

Edited by Mockngbrd, 26 May 2015 - 12:57 PM.

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Ohh.. i know where that house is, the 5 serie quite distinctive

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waaaa I got eye no see Tazen ........ U also rich man !�

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All is ur avatar fault la� :meaw:

Just saw it on paper
20150526_121129.jpg

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article above looks more interesting...

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how come jurong west also so happening?

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so wat did her sister say?

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also, shldnt IRAS also go after all those investors? after all they are the ultimate beneficiaries of the investments so therefore they all need to pay ABSD etc etc, if not anyone can create shell coys to escape ABSD/SSD right?

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It was said she was in that field for many yrs .... �They are investment house focusing on property.

Buying stress property and then sell it at high price.

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Its like that case: Lawyer running away with client's money. If she got access to the bank acct , or redirect the acct to her own acct , its a internal fraud ????

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article above looks more interesting...

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how come jurong west also so happening?

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didnt know down there so happening haha

scan $60M can live happily ever after in some island liao ...

Today you good mood hor. Bought or sold afew units ?

Have a good wk ahead.

Nope, got nothing to do with mood.
thats the way i treat my property transactions.

Nope, got nothing to do with mood.
thats the way i treat my property transactions.

If only you could treat your peers like your properties; Accept both criticism and praises humbly and respectfully

keep rolling yeah! �
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Brisk sales and hefty gains at Pinnacle
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SINGAPORE'S tallest public housing project Pinnacle is defying the sluggish property market with brisk sales - and hefty windfall gains - thanks to its prime location and sweeping views.
More than 60 units at the 50-storey project have been sold in the five months since owners started meeting the five-year minimum occupation period in December last year.
Last month, a five-room unit on the 29th storey went for $1.06 million, the highest resale price to date. Of the 17 transactions for five-room flats since January, six were sold at $1 million and above.
Four PropNex property agents spotted the project's potential as a hot spot for people looking to move to the central area. They teamed up last June and have been knocking on doors to persuade owners to capitalise on the sale of their flats.
Last November, the agents - Mr Alvin Lim, Mr Adrian Lim, Mr Lawrence Tan and Mr Ray Lim - started conducting tours of the project for interested buyers.
They have since sold 24 units.
The Straits Times joined one tour on Sunday as eight potential buyers viewed four units.
The asking price for a four-room unit on the 37th storey with a view of Sentosa was $920,000 while that for a similar-sized unit on the 34th storey with a view of the central business district was $900,000.
The units went for $885,000 and $872,000 respectively at the end of the two-hour tour.
Ms Ma Seow Lin, the seller of the unit on the 34th storey, did not expect her flat to be sold within a month of putting it on sale.
The 36-year-old senior IT analyst, who paid $346,000 for her 93 sq m unit, said: "If I had known that the price would go up by so much, I would have chosen a bigger unit on a higher floor."
Ms Ma, set to net $526,000 from the sale, plans to upgrade to a condominium unit in Jurong. She said: "My husband and I hope to invest in a property in Jurong before the Singapore-Kuala Lumpur High Speed Rail terminus is built."
Mr Ray Lim, PropNex branch director, who sold Ms Ma's unit, said valuations for four-room units at the project range from $820,000 to $910,000 for higher-storey units.
There have been 59 resale transactions at Pinnacle to date, as shown on the Housing Board website. The 42 resale transactions for four-room flats have fetched an average of $857,230, while the 17 transactions for five-room flats have fetched an average of $983,092.
Sellers of five-room units would have netted a windfall of more than $500,000 as they paid $345,100 to $439,400 when the project was launched in 2004. Prices for four-room units went for $289,200 to $380,900 then.
Mr Alvin Lim, group division director, said: "We help home owners discover what they can gain from the sale of their flats. By cashing out, they can upgrade to a private apartment or they could invest the cash to help them grow their wealth."
He said most interested buyers who join Sunday tours are young professionals wanting to live near the CBD.
Mr Adrian Lim, assistant group director, said: "Compared with private apartments in the same area, Pinnacle is a lot more affordable. Some people do not mind not having full condo facilities."
Mr Rahul Rana, an engineer who joined the Sunday tour, said: "I am looking for a flat here because it is very close to where I work and it offers a good view of the city. I have seen six units in one weekend and I would pick one of them."
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HDB?
Aiyah boring lah, upgraders.
Sell and buy mass market.
50,000 units ready for them.

Next!

HDB?
Aiyah boring lah, upgraders.
Sell and buy mass market.
50,000 units ready for them.

Next!

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sorry boss

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waste your time to read a report on peasant HDB stuff

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i try to post reports on atas properties next time

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[blush]

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sorry boss

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waste your time to read a report on peasant HDB stuff

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i try to post reports on atas properties next time

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He's only interested in D9-D11......... the rest, no talk

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sorry boss
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waste your time to read a report on peasant HDB stuff
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i try to post reports on atas properties next time
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I boh lui to buy any properties so its a waste of time to me to read any report.

keep rolling yeah! �

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Brisk sales and hefty gains at Pinnacle

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The 36-year-old senior IT analyst, who paid $346,000 for her 93 sq m unit, said: "If I had known that the price would go up by so much, I would have chosen a bigger unit on a higher floor."

Ms Ma, set to net $526,000 from the sale, plans to upgrade to a condominium unit in Jurong. She said: "My husband and I hope to invest in a property in Jurong before the Singapore-Kuala Lumpur High Speed Rail terminus is built."

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I hope she don't make the same mistake again and buy a really expensive unit in Jurong.� [thumbsup]

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keep rolling yeah! �

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Brisk sales and hefty gains at Pinnacle

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The 36-year-old senior IT analyst, who paid $346,000 for her 93 sq m unit, said: "If I had known that the price would go up by so much, I would have chosen a bigger unit on a higher floor."

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Ms Ma, set to net $526,000 from the sale, plans to upgrade to a condominium unit in Jurong. She said: "My husband and I hope to invest in a property in Jurong before the Singapore-Kuala Lumpur High Speed Rail terminus is built."

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The nice thing is the last thing Ms Ma will complain about is�

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"how expensive it is for young couples to buy a home

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and that property prices here is so expensive."

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Bahaha, make money to spend it foolishly. What the draw of this high speed rail anyway? The London/Paris High speed rail stations are surrounding by tons of dodgy people.�

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keep rolling yeah! �

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Ms Ma, set to net $526,000 from the sale, plans to upgrade to a condominium unit in Jurong. She said: "My husband and I hope to invest in a property in Jurong before the Singapore-Kuala Lumpur High Speed Rail terminus is built."

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The nice thing is the last thing Ms Ma will complain about is�
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"how expensive it is for young couples to buy a home
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and that property prices here is so expensive."
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I think she would still complain property prices very expensive

Because I expect her to take up at least a million loan for her next home

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Government Subsidized Housing of Any Kind ...�

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the issue is the govt never subsidized housing

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they also earn $$ when selling these apts

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the issue is the govt never subsidized housing

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they also earn $$ when selling these apts

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��

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But the HDB Website says ...

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Flats�sold by�HDB�are�subsidised�and meant for Singapore Citizens ....�

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But the HDB Website says ...

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Flats�sold by�HDB�are�subsidised�and meant for Singapore Citizens ....�

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so you also believe KBW saying HDB is losing billions of dollars every year due to subsidy

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so you also believe KBW saying HDB is losing billions of dollars every year due to subsidy

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I don't know what other Entities HDB has, but if he darn to claim, I'm sure its in the books ...�

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How HDB is losing money and from which Entity or Avenue ... I wouldn't know ...

If they compared to market price ... sure its subsides...

but compared to cost ... i dont think so really. Even hdb interest is double of comm banks... if like that still loss money , i think the org got problem ... haha or mp pay damn high

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I don't know what other Entities HDB has, but if he darn to claim, I'm sure its in the books ...�
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How HDB is losing money and from which Entity or Avenue ... I wouldn't know ...

Subsidized Housing (HDB) ... should NOT be allowed to be sold for a Profit ...�

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The horses have bolted from the barn. Too late to close the barn doors now. It will cost them a lot of votes if they try to put the genie back into the bottle.

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Unless the state buys back everything lock, stock and barrel and resets everything.

asset enhancement bro ... your property is your golden ticket to retirement

can sell and downgrade, can let out for passive income, sell the lease back to hdb, can re-mortgage ...

that's what we were told right?

if property price fall ... all hell break loose ...

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If its Subsidized ... It should not be allowed to be sold for a Profit ...

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Edited by Wt_know, 28 May 2015 - 12:01 PM.

Subsidized Housing (HDB) ... should NOT be allowed to be sold for a Profit ...�
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Praise you altough...
I wont totally agree but definitely if sell must pay back subsidy.
KNN use my money to make money and keep in own pocket?
How can?

Plus you need to pay interest for uaing your own money ...

Praise you altough...
I wont totally agree but definitely if sell must pay back subsidy.
KNN use my money to make money and keep in own pocket?
How can?

Plus you need to pay interest for uaing your own money ...
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I think T2 is saying use HIS money lol

Plus you need to pay interest for uaing your own money ...
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This mean is NOT your money. :a-noway:

Just saw it on paper
20150526_121129.jpg

� Wa...rolex in the news again Seems like a real wanted possession to own � � Woman in alleged ponzi scam has $5k in bank �

Her only other declared assets here are Rolex watch, house she co-owns

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PUBLISHED ON MAY 28, 2015 8:29 AM

�11�515�0�0PRINTEMAIL

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A Mercedes-Benz and a BMW were seen parked at the Tanah Merah semi-detached house of Madam Leong Lai Yee. Madam Leong who allegedly owes more than 60 investors around $60 million, has just over $5,000 in a joint bank account with her husband. -- ST PHOTO: AZIZ HUSSIN�

BY JOANNA SEOW

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THE woman who allegedly owes more than 60 investors around $60 million has just over $5,000 in a joint bank account with her husband.

Madam Leong Lai Yee does, however, co-own a house worth $2.6 million, her only other asset in Singapore besides a $7,000 Rolex watch.

These figures were revealed in a declaration of assets signed by her and submitted to the courts as part of her defence in an ongoing suit by one of the investors, Ms Chan Shwe Ching.

In the documents obtained by The Straits Times, Ms Chan claims that she had invested a total of $1.171 million for herself and a number of other people. Her lawyer Michael Chia said that the courts have allowed an application to freeze Madam Leong's assets within Singapore.

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In her defence, Madam Leong claims that Ms Chan was acting as an unlicensed moneylender. She also alleges that Ms Chan and her relatives had harassed her.

Investors had come forward last week to claim they were owed millions after investing with Madam Leong, who promised hefty returns. The funds were for her to buy local properties at risk of foreclosure on the cheap and sell them to overseas buyers at a profit.

The investors fear that Madam Leong and her family have left the country, as they have been unable to contact them since May 16. When told about how much assets Madam Leong has according to the court documents, the investors who spoke to The Straits Times did not sound surprised.

A 50-year-old housewife who wanted to be known only as Madam J. Tan said that Madam Leong had previously told her that her husband had a fish farm in Thailand and she owned some condominium units in Bangkok which she was trying to sell off in order to buy land overseas.

Another investor who has known Madam Leong for five years and gave his name only as Mr Ong, said: "We just want her back in Singapore for an answer. Why is she doing all this?"

Separate legal proceedings against Madam Leong have been started, said lawyer Rayney Wong, who said he is representing more than 30 investors.

Madam Leong's sister Veronica, who reported her missing last Saturday, said yesterday that she last saw her at their mother's birthday celebration on March 26: "We are not very close; we meet up two or three times a year during the festive season and to honour my mother's birthday."

Since news about Madam Leong and the investors broke, their mother has been "very, very distressed", she added. "She is feeling very sad and cries a lot."

- See more at: http://www.straitsti...h.0ICSLpAV.dpuf

Wonder how those investors ensure their money was protected before handling over to her ....

______________________________________________

Cpf was not created for that purpose 50yrs ago .... Unfortunately someone abused it.

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This mean is NOT your money.

Edited by Angcheek, 28 May 2015 - 05:06 PM.

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I don't know what other Entities HDB has, but if he darn to claim, I'm sure its in the books ...�

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How HDB is losing money and from which Entity or Avenue ... I wouldn't know ...

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It works like this.

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1. URA sells HDB the land ("profit" is here)

2. HDB sells flat to us (cost of land+building cost+etc - subsidiary) so HDB "loses" money

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Why don't you ask them if URA's profit is more or less than HDB's loss?

Hahaha, "why is she doing all this?" One fella asked.....

Like he doesnt know meh!

� Wa...rolex in the news again Seems like a real wanted possession to own � � Woman in alleged ponzi scam has $5k in bank

Her only other declared assets here are Rolex watch, house she co-owns

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A Mercedes-Benz and a BMW were seen parked at the Tanah Merah semi-detached house of Madam Leong Lai Yee. Madam Leong who allegedly owes more than 60 investors around $60 million, has just over $5,000 in a joint bank account with her husband. -- ST PHOTO: AZIZ HUSSIN�

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They transferred their assets long ago....

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It works like this.
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1. URA sells HDB the land ("profit" is here)
2. HDB sells flat to us (cost of land+building cost+etc - subsidiary) so HDB "loses" money
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Why don't you ask them if URA's profit is more or less than HDB's loss?

Ask yourself a simple thing, does the ruling party own the land or singapore? Another thing is, do the ruling party own singapore or do Singaporeans as a whole?

Another question, how much does it cost to build and upkeep a hbd vs how much they are selling it for? Lose money? It is like telling me that it is possible to build castles in the sky

Ohh Tell me why ........... � :XD:

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Govt selling $700k HDB in Clementi. Can other ppl sell lower?

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Get used to higher price for everything!

Ask yourself a simple thing, does the ruling party own the land or singapore? Another thing is, do the ruling party own singapore or do Singaporeans as a whole?

Another question, how much does it cost to build and upkeep a hbd vs how much they are selling it for? Lose money? It is like telling me that it is possible to build castles in the sky

This is the main reason why CPF is justified. Take our land, sell to us at exhorbitant rate and then justify the existence of an elaborate taxation scheme. Which does not look like tax because you can spend it, on the exhorbitant houses and health care too. Great.

BTO are still affordable for most Singaporeans

Resale flats are the killer

Some easily costs more than half a million up to a million

If the monthly household income is not more than 5 digit, this is hardly affordable

Resale prices are controlled in some ways, if the valuation price and selling price exceeds by a certain percentage, getting a bank loan would be difficult from local banks

� the regular naysayers here will say:

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talking market up, they rather buy cigar

one deal no biggie

too poor since staying CCK hdb

yadda yadda yadda

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the others who talk market up:

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See..i told you so

No 1.5k psf no talk

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yadda yadda yadda

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LOL

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I who stay on teh fence see this as trying to:�

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1. �Talk the profesion up (done many times)

2. �Bring stability somewhat in th eproperty market

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Record deal nets 26-year-old property agent $1.5m �

Poly grad chose profession against her family's wishes

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PUBLISHED ON MAY 29, 2015 5:58 AM

PRINTEMAIL

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-- ST PHOTOS: ALPHONSUS CHERN, LIM SIN THAI

BY JOYCE LIM

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A PROPERTY agent who went into real estate against the wishes of her family has become an overnight millionaire after selling a penthouse at the Le Nouvel Ardmore for a record $51 million last month.

The deal would have reaped PropNex agent Shirley Seng a commission of about $1.5 million.

Ms Seng, 26, was reluctant to disclose details of the sale at the 43-unit freehold condo but confirmed that the transaction was completed last month after negotiations started in March.

The huge sale price - it is believed to be a record for a local penthouse - was paid by Mr Sun Tongyu, the co-founder of e-commerce giant Alibaba.

Mr Sun is a Singapore permanent resident.

While it looks like a life-changing transaction deal for Ms Seng, a Nanyang Polytechnic graduate, she is determined to carry on as before.

"This deal is good money, like hitting the jackpot. But this is my lifelong career; if I go for a long holiday now, I may lose my clients when I return," she said.

"I still sleep in the living room of a terraced house in Serangoon where I live with my parents, grandparents, two sisters, four other relatives and one maid.

"I bought a seven-seater Volkswagen MPV so that my grandparents can travel in comfort. They have been supporting my family all these years as my dad has been sick and unable to work. My mum is a housewife."

Ms Seng has not slowed down either, submitting around 16 transactions last month, with another seven this month. She is said to have made about $1.7 million in commission in 53 deals - mostly struck in the rental market - since she joined PropNex in January.

Quite a record for someone with less than five years of experience in the job, one her family was against her taking as they felt she was "young and has no contacts" on which to base a real estate career.

"They told me how their friends didn't make it and advised me to get a job with a stable income. My grandpa then offered to support me in a degree programme with Singapore Management University," said Ms Seng, who holds a diploma in multimedia and infocomm technology. "But I was determined to give it a try. I thought, if I couldn't make it in a year, then I will go for a degree."

Ms Seng joined HSR International Realtors for four months before moving to ERA Realty, where she stayed for four years.

She said she penetrated the network of wealthy people by helping to rent out their apartments, especially those in Marina Bay and the Orchard area.

Mr Sun was a referral from a client she had previously served at Marina Bay Residences.

"I only knew that he is someone of high net worth. And like any high-net-worth clients, they usually know what they want. And I am there to help to execute their plans," said Ms Seng.

And if there is one tip she could give in dealing with wealthy clients, Ms Seng advises: "Speed is crucial. I always try to get back to them within one to two hours. I want to let them know that they are my priority."

Ms Seng, who zips around town in a white, three-year-old Audi A4, said she also goes the extra mile for clients, such as picking them up in her car and dropping them off wherever they want to go. Sometimes she also helps them run errands.

"Times are tough, unlike 10 or 20 years ago. Today's agents need to do more for their clients. But you need to do it with your heart, so they can feel your sincerity," she said.

"I often get people asking me if it is money that drives me. I would tell them that many people are motivated by money, especially when they come from a poor family background.

"I work hard to give my family a good life."

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ATs are buying up the world with their money

Ms Seng definitely no social inequality issues

Good. Commission is now 4%. I think i can do part time liao.
Chiong ar.

Its terrible if you ask me.
The consumer / buyer gets creamed.....
If developers want real sales, they only need to lower price.
But i stead they try to play all this tricks.
Buyers beware. Even sellers beware.

Cut out the agent, save your money, get a sincere deal, owner to owner, thats the best.
Dont let the snake fool eve and screw adam....

lowering the price is not an option ...
developer die die must maintain high price to be seen ATAS and scare backlash from previous buyers who paid insane price for the same units
agents huat ah ... everyone can made $1.5M and drive 7-series and wear gold rolie

Good. Commission is now 4%. I think i can do part time liao.
Chiong ar.

Instead of benefitting the real customers, developers are choosing instead to make a few agents rich

That's really bad

throw the carrot (lower the price) ... may or may not got buyers ... passive & slow
throw the carrot (higher commission) ... agents will whack 24x7 to coerce, beg and sell cock and bull story to sell

the big question is how deep is buyer pocket ....

Edited by Wt_know, 30 May 2015 - 01:09 PM.

Its terrible if you ask me.
The consumer / buyer gets creamed.....
If developers want real sales, they only need to lower price.
But i stead they try to play all this tricks.
Buyers beware. Even sellers beware.

Cut out the agent, save your money, get a sincere deal, owner to owner, thats the best.
Dont let the snake fool eve and screw adam....

Agree on direct dealing

The procedure in SG is transparent and easy to pick up

Agents sometimes cause more issues and can cause communication breakdown

Save agent commission fees and DIY is the best especially after initial interactions with buyer/seller and u feel confident to handle the deal on yourself

Instead of benefitting the real customers, developers are choosing instead to make a few agents rich

That's really bad

Thats why i always say ," screw the developers". Becos they screw the market and make a bundle. Now want to lift CM etc etc, say buy property is to narrow gap, nation building, simi lan also choot. Just didnt say its for profits profits and more profits. Muayhahhaa

Agree on direct dealing

The procedure in SG is transparent and easy to pick up

Agents sometimes cause more issues and can cause communication breakdown

Save agent commission fees and DIY is the best especially after initial interactions with buyer/seller and u feel confident to handle the deal on yourself

Agents always cause more issues.

The foreigners didn't get the memo?

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http://www.businesst...with-foreigners

i guess for UHNW FT ... $5M or so is sup sup water ... park in spore is safe

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DTZ analysis shows that units costing over S$5m make up 19% of their April purchases, up from 6% in Q1

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The foreigners didn't get the memo?

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http://www.businesst...with-foreigners

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Edited by Wt_know, 31 May 2015 - 12:14 AM.

Instead of benefitting the real customers, developers are choosing instead to make a few agents rich

That's really bad

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unfortunately, the truth is that many singaporeans are so wealthy that 4% off the price is peanuts to them, doesnt change anything for them. Won't even entice them to give the project a second look.

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however, the same 4% is like a god-send to poor agents. it can change his life significantly. it is enough to make agents work triply hard to bring more potential buyers to the project

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so developer is really getting bang for the buck by raising the comm of agent than to give the same as discount to buyer

Instead of benefitting the real customers, developers are choosing instead to make a few agents rich

That's really bad

some agents wonder why they always kanna cyberbashed.. asking what's wrong with earning $$ or more commission. The answer is above... Instead of offering 4% reduction in price to buyers, the 4% is offered to the agent.. aiyo. Which seller wanna be carrot head? Would the agent himself or herself buy a property that is offering the agent 4% commission?

http://www.propertyg...on-the-horizon-

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hehehe

mai spread fear

mai spread fear

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steady hand wor....dun play play

Slavery is a legal or economic system under which people are treated as property. While laws and systems vary, as property, slaves may be bought and sold. Slaves can be held from the time of their capture, purchase or birth, and deprived of the right to leave, to refuse to work or to demand compensation.

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Let me explain :

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1. First glut in property in the 2008 time , flood gates open plus a potential "boom" in property due to marine bay sand projects and financial hub.

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2. Many made money blindly in the boom due to high % rises in property price to from 2009 onwards - me included.

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3. Even more start to think they are going to make another round by "reinvesting" their money , this time committing to a bigger one.

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4. During 2012 when markets are hot , many plunge in to buy million dollar properties at "peak" prices ,overleveraging themselves

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5. Property cooling measure implement along with an increase in negative sentiments in local communities

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6. Towards 2013~4 , various regulations and restrictions are pushing away financial revenue , i.e hot money evaporating

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7. 2015 , stock market and property markets starts to slow , investors are waiting for a better price

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8. Property developers are starting to feel the heat and calling for CM to be removed.

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9. Those stuck to properties at a high are stuck to their loans and paying high amounts of interest are hoping for a CM release

�

10. Garmen continues to build more public housing to appease the "middle" class if they want to keep the resentment of the increasing income gap to a low before elections

�

11. Rich continues to stay at sideline having sold most of their assets at the high

�

12. Should prices drop , LOCAL speculators are made to sit on their properties while the FOREIGN speculators takes off for new pastures after bringing the prices up

�

13. Debt default increases , bank margins decrease , interest rates waiting to rise

�

14. 2016~17 , CM gradually reduces , flood gates open , more and more unruly "new" citizens along with their fake degrees and qualifications spoil the labor pool

�

15. Less and lesser jobs creations , leading to even more resentment , but citizens are deprived of the "right" to leave� , due to the loan commitments are unable to "refuse" work or to demand "compensation" from these foriegn imports here to leech the system.

�

So good luck guys , future is bright.

Edited by CH_CO, 02 June 2015 - 05:29 PM.

some agents wonder why they always kanna cyberbashed.. asking what's wrong with earning $$ or more commission. The answer is above... Instead of offering 4% reduction in price to buyers, the 4% is offered to the agent.. aiyo. Which seller wanna be carrot head? Would the agent himself or herself buy a property that is offering the agent 4% commission?

�

not sure why u associate a 4% comm with carrot head price?

�

the projects i know which are offering 4% comm are basically leftover units. No new project offers so high comm (except for overseas ones)

�

Some of the 4% comm projects incl a condo in the north east walking distance to MRT and Mall. selling for less than $1,100 psf. It is about the same as the prices which all earlier buyers bought for. During that time, comm was 1.5% to 2%. I don't think the current buyers are being carrot headed at such price. Units are moving, maybe 10 sold each month, developers happy, buyers also happy

�

and it is also not uncommon that agents will give a nice ang bao for such high comm projects (not that the buyer is desperate for a low five figure sum if he can afford a 1 over million condo with ABSD and all)

�

�

steady hand wor....dun play play

�

When you say steady hands, dunno why I think of...must be monday blues.

Slavery is a legal or economic system under which people are treated as property. While laws and systems vary, as property, slaves may be bought and sold. Slaves can be held from the time of their capture, purchase or birth, and deprived of the right to leave, to refuse to work or to demand compensation.

�

�

Let me explain :

�

1. First glut in property in the 2008 time , flood gates open plus a potential "boom" in property due to marine bay sand projects and financial hub.

�

2. Many made money blindly in the boom due to high % rises in property price to from 2009 onwards - me included.

�

3. Even more start to think they are going to make another round by "reinvesting" their money , this time committing to a bigger one.

�

4. During 2012 when markets are hot , many plunge in to buy million dollar properties at "peak" prices ,overleveraging themselves

�

5. Property cooling measure implement along with an increase in negative sentiments in local communities

�

6. Towards 2013~4 , various regulations and restrictions are pushing away financial revenue , i.e hot money evaporating

�

7. 2015 , stock market and property markets starts to slow , investors are waiting for a better price

�

8. Property developers are starting to feel the heat and calling for CM to be removed.

�

9. Those stuck to properties at a high are stuck to their loans and paying high amounts of interest are hoping for a CM release

�

10. Garmen continues to build more public housing to appease the "middle" class if they want to keep the resentment of the increasing income gap to a low before elections

�

11. Rich continues to stay at sideline having sold most of their assets at the high

�

12. Should prices drop , LOCAL speculators are made to sit on their properties while the FOREIGN speculators takes off for new pastures after bringing the prices up

�

13. Debt default increases , bank margins decrease , interest rates waiting to rise

�

14. 2016~17 , CM gradually reduces , flood gates open , more and more unruly "new" citizens along with their fake degrees and qualifications spoil the labor pool

�

15. Less and lesser jobs creations , leading to even more resentment , but citizens are deprived of the "right" to leave� , due to the loan commitments are unable to "refuse" work or to demand "compensation" from these foriegn imports here to leech the system.

�

So good luck guys , future is bright.

�

Then 2018-2020?�

�
When you say steady hands, dunno why I think of...must be monday blues.

�
Then 2018-2020?�

Soviet Russia wins the world cup playing in Moskva with Putin scoring the winning goal against Argentina. Then go on to win the European Champ against San Marino because no one else participated.

Soviet Russia wins the world cup playing in Moskva with Putin scoring the winning goal against Argentina. Then go on to win the European Champ against San Marino because no one else participated.

�

eh MAradona le

�

When you say steady hands, dunno why I think of...must be monday blues.

�

Then 2018-2020?�

�

In 2018 ? likely to drop further lor , 2019 maybe bottom lor , 2020 , end of the world , aliens coming to invade.

�

Back to the future leh , time machine should be invented by now. Ask micheal j fox.

Edited by CH_CO, 02 June 2015 - 05:48 PM.

2019 my COE end :(

Soviet Russia wins the world cup playing in Moskva with Putin scoring the winning goal against Argentina. Then go on to win the European Champ against San Marino because no one else participated.

�

Who say no one participated? Have lah.

�

Just ask the 11+3 Dargunovs �(stationed at various spots on the other half of the stadium) who bore witness to history being "created".

�

�

In 2018 ? likely to drop further lor , 2019 maybe bottom lor , 2020 , end of the world , aliens coming to invade.

�

Back to the future leh , time machine should be invented by now. Ask micheal j fox.

�

Like that, just whack liao since aliens arriving in 2020.

�

not sure why u associate a 4% comm with carrot head price?

�

the projects i know which are offering 4% comm are basically leftover units. No new project offers so high comm (except for overseas ones)

�

Some of the 4% comm projects incl a condo in the north east walking distance to MRT and Mall. selling for less than $1,100 psf. It is about the same as the prices which all earlier buyers bought for. During that time, comm was 1.5% to 2%. I don't think the current buyers are being carrot headed at such price. Units are moving, maybe 10 sold each month, developers happy, buyers also happy

�

and it is also not uncommon that agents will give a nice ang bao for such high comm projects (not that the buyer is desperate for a low five figure sum if he can afford a 1 over million condo with ABSD and all)

�

Walking distance to MRT and Mall and�selling for less than $1,100 psf.

�

Sounds like a good deal. Where huh?�

�

Any agent is welcome to pm me with his or her sales pitch.

�

�

Walking distance to MRT and Mall and�selling for less than $1,100 psf.

�

Sounds like a good deal. Where huh?�

�

Any agent is welcome to pm me with his or her sales pitch.

�

�

u think it is good deal?

�

better think twice, cos the comm is 4% hor.. dont become robert

�

u think it is good deal?

�

better think twice, cos the comm is 4% hor.. dont become robert

... just look for an agent who is willing to cash back 3.9% lor...

... just look for an agent who is willing to cash back 3.9% lor...

�

maybe part time agent lah... they earn 0.1% also happy

�

�

maybe part time agent lah... they earn 0.1% also happy

�

�

of course... no need to do pre-sales.

Only do paper work and collect $1k.�

Got lobang for me?

�

[laugh]

�

Oh... sori... Agent might have problem with the income tax.

Developer declare paying $40k.

But agent file earning as $1k......

Edited by Ben5266, 03 June 2015 - 09:56 AM.

some agents wonder why they always kanna cyberbashed.. asking what's wrong with earning $$ or more commission. The answer is above... Instead of offering 4% reduction in price to buyers, the 4% is offered to the agent.. aiyo. Which seller wanna be carrot head? Would the agent himself or herself buy a property that is offering the agent 4% commission?

�

Sir, so in your mind, agents don't deserve to make money? No need to eat? What's the rationale here? Because he took money that you percieved was yours by right?

�

From a developer POV, I would not offer 4% to buyers also. The 4% comm is normally only for the balance units and most of the others have been sold. Now if I offer 4% to the new buyer, I have no doubt that the old buyers will complain like mad. So what to do? Offer to agents, if they want the sale, they might share the comm.

of course... no need to do pre-sales.

Only do paper work and collect $1k.�

Got lobang for me?

�

�

Oh... sori... Agent might have problem with the income tax.

Developer declare paying $40k.

But agent file earning as $1k......

�

haha wanna give ang pow also must absorb income tax lah...�

agree with you that property agent, car dealer, banker, trader, etc ...

who don't earn comms ... who don't chop carrot?

their main objective is to earn comms ... just like in office if one need to bootlick and backstab to climb corporate ladder

wanna blame ... blame the buyer ... drive all the way to showroom ... and sign on the dotted line

�

Sir, so in your mind, agents don't deserve to make money? No need to eat? What's the rationale here? Because he took money that you percieved was yours by right?

�

From a developer POV, I would not offer 4% to buyers also. The 4% comm is normally only for the balance units and most of the others have been sold. Now if I offer 4% to the new buyer, I have no doubt that the old buyers will complain like mad. So what to do? Offer to agents, if they want the sale, they might share the comm.

�

agree with you that property agent, car dealer, banker, trader, etc ...

who don't earn comms ... who don't chop carrot?

their main objective is to earn comms ... just like in office if one need to bootlick and backstab to climb corporate ladder

wanna blame ... blame the buyer ... drive all the way to showroom ... and sign on the dotted line

�

�

�

I have not issues with anyone earing commission when brokering a deal. But to earn commission from your customer and not looking after�their best interest (i.e their own agenda) is not ethical. And the problem is most property agent, car dealer etc are not professional enough to do that.

�

I have not issues with anyone earing commission when brokering a deal. But to earn commission from your customer and not looking after�their best interest (i.e their own agenda) is not ethical. And the problem is most property agent, car dealer etc are not professional enough to do that.

�

This is a scam city after all ......� :confident:

�
I have not issues with anyone earing commission when brokering a deal. But to earn commission from your customer and not looking after�their best interest (i.e their own agenda) is not ethical. And the problem is most property agent, car dealer etc are not professional enough to do that.

That is so true. They won't even cobroke when someone brings along better offer and will ask seller to take a lower offer. It is also criminal. So I never believe in exclusive arrangement and paying more than the market. In other developed markets, you will be banned forever but it is so freaking common in Singapore.

�

Sir, so in your mind, agents don't deserve to make money? No need to eat? What's the rationale here? Because he took money that you percieved was yours by right?

�

From a developer POV, I would not offer 4% to buyers also. The 4% comm is normally only for the balance units and most of the others have been sold. Now if I offer 4% to the new buyer, I have no doubt that the old buyers will complain like mad. So what to do? Offer to agents, if they want the sale, they might share the comm.

�

Sure Agents (property, insurance etc) need to make money and need to eat.

However in this age of information transparency, their role has been�eroded, as they have to compete with the internet listings, URA website etc in providing market information to their clients.� It is up to be buyer (or seller) to judge if the efforts and advice offered by agents to be worth the 1,2,3 or 4% or more.� If an agent can fetch me a price 10% higher than what I can get myself(selling a property), I would willingly pay.

�

Car dealers are a little different - they provide liquidity by buying our cars immediately.� Some of us cannot afford to wait for a direct buyer, so we are more willing to let them earn a bit.

That is so true. They won't even cobroke when someone brings along better offer and will ask seller to take a lower offer. It is also criminal. So I never believe in exclusive arrangement and paying more than the market. In other developed markets, you will be banned forever but it is so freaking common in Singapore.

�

i think many consumers do not know that they can complain to CEA. This is a stat board that is created to keep agents in line.

�

even if it is for minor or non-existent infringement/ unethical practice, CEA will investigate and create a lot of headache for the agent�

�

if found to be unethical, they can be fined, jailed or lose licence

�

sometimes agents who are jealous of another agent do make anonymous complaints to CEA to stir trouble�

�

Sure Agents (property, insurance etc) need to make money and need to eat.

However in this age of information transparency, their role has been�eroded, as they have to compete with the internet listings, URA website etc in providing market information to their clients.� It is up to be buyer (or seller) to judge if the efforts and advice offered by agents to be worth the 1,2,3 or 4% or more.� If an agent can fetch me a price 10% higher than what I can get myself(selling a property), I would willingly pay.

�

Car dealers are a little different - they provide liquidity by buying our cars immediately.� Some of us cannot afford to wait for a direct buyer, so we are more willing to let them earn a bit.

�

agree with you. there is little need for an agent if you are selling resale, renting etc

�

only developers need agents as they cannot hire 5,000 sales people overnight to hype up their new launch for just a few months

�

Sir, so in your mind, agents don't deserve to make money? No need to eat? What's the rationale here? Because he took money that you percieved was yours by right?

�

From a developer POV, I would not offer 4% to buyers also. The 4% comm is normally only for the balance units and most of the others have been sold. Now if I offer 4% to the new buyer, I have no doubt that the old buyers will complain like mad. So what to do? Offer to agents, if they want the sale, they might share the comm.

�

I do not begrudge agents earning comms.

�

I however do not agree with your point that owners would be upset when unsold units are sold at a discount. This is market force. If there is a bull run, then existing owners will laugh all the way to the bank. Conversely, if the market sentiment is bad, they must be prepared to stomach paper loss.

�

I have not issues with anyone earing commission when brokering a deal. But to earn commission from your customer and not looking after�their best interest (i.e their own agenda) is not ethical. And the problem is most property agent, car dealer etc are not professional enough to do that.

�

Fully agree. I have a case in point.

�

In 2010, when I offered a certain price to the seller's agent, through my agent, the offer was rejected.

However, when I discharged my agent (who is a close friend, and does not mind) and offered a price lower than the earlier one as a direct buyer, the seller's agent was so enthusistic that he kept me updated on the deal. The seller's agent obviously wanted to deal with a direct buyer and earn my comms plus seller's comms. (This was before the implementation of CEHA regulation)

�

In the end, I l decided against buying.�

�

The property was transacted at a lower price than what I originally offered via my agent.

�

Who lost? The seller of course. Just because his agent wanted to �eat both sides, at his expense.

�

u think it is good deal?

�

better think twice, cos the comm is 4% hor.. dont become Robert

�

Its the absolute�amount that counts.

�

If someone can save me 10%

�

I don't mind paying them 4%.

�

Some people�think expert advice is expensive

�

they should see the cost of cheap advice.

�

I�went for a cheap massage once

�

never again. I am a student of hard knocks

�

and painful rubbings in the wrong places.

�

�
i think many consumers do not know that they can complain to CEA. This is a stat board that is created to keep agents in line.
�
even if it is for minor or non-existent infringement/ unethical practice, CEA will investigate and create a lot of headache for the agent�
�
if found to be unethical, they can be fined, jailed or lose licence
�
sometimes agents who are jealous of another agent do make anonymous complaints to CEA to stir trouble�

�

Thanks Wyfitms, I am aware. But the whole culture stinks when you need CEA to tell you if you take someone's money, you had better looked after their interest too (along with yours but it should come second).

Sorry, I am aware most agents will laugh at me for having such expectation.

Edited by Voodooman, 03 June 2015 - 08:14 PM.

That is so true. They won't even cobroke when someone brings along better offer and will ask seller to take a lower offer. It is also criminal. So I never believe in exclusive arrangement and paying more than the market. In other developed markets, you will be banned forever but it is so freaking common in Singapore.

Yea this actually happened to me. So i can vouch base on personal experience.
I offered $100k more in my last deal but the "exclusive" agent didnt want to cobroke so he "helped" the owner close the deal for $100k less.

Thanks Wyfitms, I am aware. But the whole culture stinks when you need CEA to tell you if you take someone's money, you had better looked after their interest too (along with yours but it should come second).

Sorry, I am aware most agents will laugh at me for having such expectation.

Exactly, if we need to complain simply so that things are done normal and right, it just stinks.
I have personal friends who joined the industry, and i was told some dirty things they do.
Crap man....

�
Fully agree. I have a case in point.
�
In 2010, when I offered a certain price to the seller's agent, through my agent, the offer was rejected.
However, when I discharged my agent (who is a close friend, and does not mind) and offered a price lower than the earlier one as a direct buyer, the seller's agent was so enthusistic that he kept me updated on the deal. The seller's agent obviously wanted to deal with a direct buyer and earn my comms plus seller's comms. (This was before the implementation of CEHA regulation)
�
�
In the end, I l decided against buying.�
�
The property was transacted at a lower price than what I originally offered via my agent.
�
Who lost? The seller of course. Just because his agent wanted to �eat both sides, at his expense.

That makes two of us, buddy. (And a whole lot more, i am sure)

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Private property prices... Up or Down? part 15

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