mycarforum: Private property prices... Up or Down? part 6

Why should the garmen be promoting divorce??? Or even consider anything for divorces. Messy or not is the couple's problem not the garmen's.

�

Are u stupid??

�

What is the problem with people nowadays ?? They choose to play around the rules and "bend" them , yet blame the garmen for everything they do ?? Wow , i am impressed. The intelligence level drops day from day.

�

dun be surprised one day you see people starting selling father, mother, children to buy more property cos there is a 'loophole' � [sweatdrop] �

it's already happening what ... else ... how did young couple below 30 with combined salary < $12k can buy 1.5M EC penthouse? the TDSR is totally off the chart ... lol

�

dun be surprised one day you see people starting selling father, mother, children to buy more property cos there is a 'loophole' � �

�

Edited by Wt_know, 19 January 2015 - 09:21 AM.

10% down from here? Oh, easily...

I hope u r right then more will go in... But I still think max -10%... Last year only -5%...

it's already happening what ... else ... how did young couple below 30 with combined salary < $12k can buy 1.5M EC penthouse? the TDSR is totally off the chart ... lol

�

�

�

Prior to ABSD being applied on ECs, it was indeed possible for a couple with a combined salary of 12k base salary (assuming 2-3 months bonus a year) to buy a 1.5 M penthouse if they have been frugal in other matters.

my legal friend told me that the current ABSD situation has made many couples to split property ownership so that they can own 2 instead of 1 property together, but what garmen dun realize is that this will make possible divorce proceedings v complicated next time as there'll accusations of who gave who $ to buy etc...

Ducky, even if the couple doesnt divorce, it is also no good to hold in single name.
So this to me is a bad CM.

I hope u r right then more will go in... But I still think max -10%... Last year only -5%...

There are various segments in the property market.
I think it isnt right to lump all up and say the drop was 5%
I think we must be able to dissect some info which is relevant to us.

i can tell you that some segments have fallen beyond 10% for sure.
Some may hv only dropped 3%

Bottomline is interest rates will continue to be on the upward march and supply is plentiful.
Direction is down.

Good luck all

Hope and fears are always there , to me it is just an early stage of oversupply.

�

For those calling bears , you have yet to see nothng yet. Go ask around and ask the older folk how bad it was when you cannot find a single job in the market that even a taxi driver need to change his job because he cannot afford the rental.

�

Blood is not even spilled , there are already "gurus" calling for bottoms and "targets" , serious jokes. My suggestion for many here is to start hitting the panic button and to review and review their loans , do make sure you have at least 2 years worth of loan repayments above the access of living expenses , it is going to be a long long ride and one which i will enjoy.

�

On the economic front , manufacturing down , oil prices down , banking down , property down , i don't see how we are going to recover in the next 2~3 years . Many "FT"s leeches are probably going to leave and to leave a pile of debts the same way dubai encountered not long ago.

�

To the garmen , i am showing a model for you to study. PLEASE LOOK INTO IT. Study what and how to deal the the impending debt problems of dubai and see how we can protect ourselves from it. To me , i doubt we can do much , damaged already done. I have already written enough to warn.

Wow.....didn't know this forum has become a channel to the gov......

Any, agree with u.... Things are bad and the ones prepared for it will serve to survive and grow stronger. Domino effect can topple and bury many. Humans tend to forget the pain once it is in the distance memory.

[quote name="Throttle2" post="5391859"

There are various segments in the property market.
I think it isnt right to lump all up and say the drop was 5%
I think we must be able to dissect some info which is relevant to us.

i can tell you that some segments have fallen beyond 10% for sure.
Some may hv only dropped 3%

Bottomline is interest rates will continue to be on the upward march and supply is plentiful.
Direction is down.

Good luck all[/quote]

Yes, my bad... Anyway good luck to all....

Ducky, even if the couple doesnt divorce, it is also no good to hold in single name.
So this to me is a bad CM.

There are various segments in the property market.
I think it isnt right to lump all up and say the drop was 5%
I think we must be able to dissect some info which is relevant to us.

i can tell you that some segments have fallen beyond 10% for sure.
Some may hv only dropped 3%

Bottomline is interest rates will continue to be on the upward march and supply is plentiful.
Direction is down.

Good luck all

�

Yup Interest is going north... But we haven't seen the worst yet. Used to 3+ % Sibor rate earlier before the crash. So we still got quite a bit to go. But my take is that climb will be gradual unless something drastic happens...

�

Yup Interest is going north... But we haven't seen the worst yet. Used to 3+ % Sibor rate earlier before the crash. So we still got quite a bit to go. But my take is that climb will be gradual unless something drastic happens...

�

fed fund futures pricing 50% chance of oct 2015 rate increase... traders sitting on the fence now...�

�

Yup Interest is going north... But we haven't seen the worst yet. Used to 3+ % Sibor rate earlier before the crash. So we still got quite a bit to go. But my take is that climb will be gradual unless something drastic happens...

Like something really bad with Russia,�

�

Or a Chinese stock crash?�

�

The thing about crashes - they tend to be driven more by emotion than by "real" events - if people get it into their heads that there is a crash, then indeed a crash there will be.�

�

I've said it before - for the US meltdown, the number of loans in default that sent the whole thing into a spiral was actually very very small.�

�

Vacancy rate of housing in Singapore is set to hit 10% before the end of this year - higher than during the last currency crisis, in that sort of a situation, there will be a lot of people suffering.�

�

Combine that with a general expectation that prices will fall, and it will be very hard to sell houses if you need to.�

buying is also not easy ...got TDSR, ABSD, MSR, LTV, the fairy tale valuation price, etc

�

Combine that with a general expectation that prices will fall, and it will be very hard to sell houses if you need to.�

�

Edited by Wt_know, 19 January 2015 - 03:39 PM.

buying is also not easy ...got TDSR, ABSD, fairy tale valuation price, etc

�

�

Mind you -�

�

How long would it take for govt to unwind these once it wants to? �

�

Can reverse direction on all of these "extra" taxes and stuff inside of a week if it wants to.�

�

Mind you - once it does that, it might also contribute to the "panic" if the market really does suddenly collapse...

�

Rather apocalyptic mindset in my office today

Mind you -�

�

How long would it take for govt to unwind these once it wants to? �

�

Can reverse direction on all of these "extra" taxes and stuff inside of a week if it wants to.�

�

Mind you - once it does that, it might also contribute to the "panic" if the market really does suddenly collapse...

�

Rather apocalyptic mindset in my office today

�

garmen policies for those who studied finance last will know that theyre always slow n lagging real indicators, so for them to remove CMs, they need to see hard evidence of price declines, & as can be seen in MSM for awhile, its been nonstop prop bad news as well as real price declines for >12mths now, so i suspect theyre gertting ready to remove or tweak CMs soon, v likely on the upcoming budget.

�

But, assume they do remove say 1 CM, prices WILL continue to decline as pple will view it that CM removal means the mkt is in serious trouble, casting all doubters aside... so there wont b a rush to buy coz the mood will remain cautious with low transaction volumes at least till yr end IMO

Edited by Duckduck, 19 January 2015 - 03:57 PM.

�

garmen policies for those who studied finance last will know that theyre always slow n lagging real indicators, so for them to remove CMs, they need to see hard evidence of price declines, & as can be seen in MSM for awhile, its been nonstop prop bad news as well as real price declines for >12mths now, so i suspect theyre gertting ready to remove or tweak CMs soon, v likely on the upcoming budget.

�

But, assume they do remove say 1 CM, prices WILL continue to decline as pple will view it that CM removal means the mkt is in serious trouble, casting all doubters aside... so there wont b a rush to buy coz the mood will remain cautious with low transaction volumes at least till yr end IMO

Yep...

�

this is exactly what I am talking about - removing the cooling measures won't do much if people interpret it as meaning the market is in trouble...

Some people here , one moment say CM should remove now roti prata and say another . HAHAHA

�

Talk is cheap. LOL

Some people here , one moment say CM should remove now roti prata and say another . HAHAHA
�
Talk is cheap. LOL

Eh?!?!?! Why is it that everyone is now saying mkt direction is down ?
Where are those who say direction is up?!?!

Muayhahah.

Thats why, must put money where mouth is....

walao ... remove all CMs in 1 week ... that's faster than jalan kayu prata flipping ... lol

�

Mind you -�

�

How long would it take for govt to unwind these once it wants to? �

�

Can reverse direction on all of these "extra" taxes and stuff inside of a week if it wants to.�

�

Mind you - once it does that, it might also contribute to the "panic" if the market really does suddenly collapse...

�

Rather apocalyptic mindset in my office today

�

�

�

dun be surprised one day you see people starting selling father, mother, children to buy more property cos there is a 'loophole' � �

�

There is a loophole to buying property by selling kids?� [thumbsup]

�

How much do I get? Can throw in MIL for a package deal?

�

Like something really bad with Russia,�
�
Or a Chinese stock crash?�
�
The thing about crashes - they tend to be driven more by emotion than by "real" events - if people get it into their heads that there is a crash, then indeed a crash there will be.�
�
I've said it before - for the US meltdown, the number of loans in default that sent the whole thing into a spiral was actually very very small.�
�
Vacancy rate of housing in Singapore is set to hit 10% before the end of this year - higher than during the last currency crisis, in that sort of a situation, there will be a lot of people suffering.�
�
Combine that with a general expectation that prices will fall, and it will be very hard to sell houses if you need to.�

Yup pretty hard to sell now.
Generally Buyers expect at least 10% off from last done.
Got a friend who insisted on putting his sale price at 5% above last done since early 2014.
No guess needed, property is still available for sale until today with hardly any views.
Probably the agent representing him also tulan, cannot sell, so just bochup already, heehehh

Edited by Throttle2, 19 January 2015 - 08:54 PM.

ery confusing for my feeble mind leh

�

cooling measure is meant to douse a hot market?

�

if market is not hot, why is the cooling measure still in place?

�

very strange

�

nevermind, i will go bus interchange now to hand out flyers� [wave]

CM have not been removed means no see blood yet ...

CM are in place to curb buying spree ... buy buy buy ... huat ah!

i cannot afford TDSR, ABSD, MSR, LTV, ABCDEFG ... so i can only sit at corner suck thumb and watch ...

�

ery confusing for my feeble mind leh

�

cooling measure is meant to douse a hot market?

�

if market is not hot, why is the cooling measure still in place?

�

very strange

�

nevermind, i will go bus interchange now to hand out flyers�

�

Edited by Wt_know, 20 January 2015 - 02:36 PM.

CM have not been removed means no see blood yet ...

CM are in place to curb buying spree ... buy buy buy ... huat ah!

i cannot afford TDSR, ABSD, MSR, LTV, ABCDEFG ... so i can only sit at corner suck thumb and watch ...

�

�

�

see blood then remove CM?

�

though market direction is clearly down? still need to wait? let it slowly come down for soft landing lah

�

or issit if remove CM, direction will be upz?� [laugh]

�

when i free, i will email MOF and ask

seriously unaffordable? how come ...

�

https://sg.finance.y...26--sector.html

�

Edited by Wt_know, 20 January 2015 - 04:26 PM.

Plse stop dreaming and talking "ifs"

The state of the prices to come is clear. All the more so with the CMs.

Unless you have a different opinion on where prices are headed, its best to be gracious and accept facts.

When a dog barks wildly, it gets muzzled. Only when it has learnt to stop barking, will it be unmuzzled.
When it gets unmuzzled, it will think twice about barking wildly. And if it does bark again, on goes the muzzle.

Very simple, no need to complicate your thoughts.

seriously unaffordable? how come ...

�

https://sg.finance.y...26--sector.html

�

�

seriously unaffordable but still better than other countries?

�

so affordability is now a relative term ah� [laugh]

Plse stop dreaming and talking "ifs"

The state of the prices to come is clear. All the more so with the CMs.

Unless you have a different opinion on where prices are headed, its best to be gracious and accept facts.

When a dog barks wildly, it gets muzzled. Only when it has learnt to stop barking, will it be unmuzzled.
When it gets unmuzzled, it will think twice about barking wildly. And if it does bark again, on goes the muzzle.

Very simple, no need to complicate your thoughts.

�

so CMs will never be removed? except in my dreams?

�

ok� [laugh]

�

see blood then remove CM?

�

though market direction is clearly down? still need to wait? let it slowly come down for soft landing lah

�

or issit if remove CM, direction will be upz?�

�

when i free, i will email MOF and ask

�

Absolutely right.

�

If the market not over heating

�

there is no need for CM

�

and more importantly

�

no need for so many of them.

�

�

Absolutely right.

�

If the market not over heating

�

there is no need for CM

�

and more importantly

�

no need for so many of them.

�

�

yeah, to me, CM is a form of govt intervention

�

and if i remember my econs 101, intervention is meant to direct the market, not meant to be permanent

�

but somehow, folks here got the idea that CM is part and parcel of a normal market that is in equilibrium� [laugh]

�

and because the market dropped a few percent (mainly due to CM, btw), we are in bear territory

�

of course, the bust will come eventually.. maybe in the next global crisis. that's where they will say "see, i told u so" [grin] ��

�

Absolutely right.

�

If the market not over heating

�

there is no need for CM

�

and more importantly

�

no need for so many of them.

�

�

then again, sometimes it is hard for people to figure out why certain policies are in place

�

it's easier to see the obvious 'facts'� [;)]

�
so CMs will never be removed? except in my dreams?
�
ok�

I am really puzzled. Which part of my post says that CM will never be removed?

Plse kindly read again to understand instead of jumping to wrong conclusions

I am really puzzled. Which part of my post says that CM will never be removed?

Plse kindly read again to understand instead of jumping to wrong conclusions

�

if you were not referring to CM, then i have misunderstood

�
if you were not referring to CM, then i have misunderstood

I was referring to CM, but which part of it says that CMs will never be removed?

Yes, confirmed you have misunderstood.
But its alright, not the first one i know.

http://www.todayonli...nge-lowest-2011

�

�

�

Hohoho , in yesterdays EC land tender in Sengkang, psf ppr land price was secured at $280psf . Compared to $330 to $360 psf secured by other developers in the vicinity, its $50 to$80 psf cheaper.

�

If this cheaper land cost is passed to the buyers , given that ECs in the area selling around $700 to &800 psf , we could see a drop of up to 10% launch price .

�

Just sit back and see how much Sim Lian is willing to undercut the others .

�

�

�

can�I ask a very noob question?

�

Govt sells the land at $280 psf.....how did they derive at this selling price?

ok, I know it is roughly based on the neighbouring properties past transactions.

but from the beginning, why is the land so ex if its for HDB?

what if it is for HDB?

why cant govt sell it for $1 psf?

Edited by Blacksnow, 21 January 2015 - 11:10 AM.

can�I ask a very noob question?

�

Govt sells the land at $280 psf.....how did they derive at this selling price?

what it is for HDB?

why cant govt sell it for $1 psf?

�

you want to raid the reserves isit?

http://www.todayonli...nge-lowest-2011

�

�

�

Hohoho , in yesterdays EC land tender in Sengkang, psf ppr land price was secured at $280psf . Compared to $330 to $360 psf secured by other developers in the vicinity, its $50 to$80 psf cheaper.

�

If this cheaper land cost is passed to the buyers , given that ECs in the area selling around $700 to &800 psf , we could see a drop of up to 10% launch price .

�

Just sit back and see how much Sim Lian is willing to undercut the others .

�

�

�

�

Thats really great news bro. I hope they pass the lower cost on to buyers.

�

However just because they developer got a good price,

�

they do not have to pass it on to the buyers.

�

They could just try to miximise profit and charge what the market

�

would bare.

�

How many people here bought their flat cheap and

�

said to they buyer, since I bought cheap I will sell to you cheap too?

�

�

Thats really great news bro. I hope they pass the lower cost on to buyers.

�

However just because they developer got a good price,

�

they do not have to pass it on to the buyers.

�

They could just try to miximise profit and charge what the market

�

would bare.

�

�

How many people here bought their flat cheap and

�

said to they buyer, since I bought cheap I will sell to you cheap too?

�

�

Ya lo... developer huat huat!!!!!
�

Pay cheaper by 50psf, maybe they will try sell cheaper by 20psf and profit the rest. If cannot sell then can give further discount.

can�I ask a very noob question?

�

Govt sells the land at $280 psf.....how did they derive at this selling price?

ok, I know it is roughly based on the neighbouring properties past transactions.

but from the beginning, why is the land so ex if its for HDB?

what if it is for HDB?

why cant govt sell it for $1 psf?

�

The land is for EC , executive condo . Not HDB .

�

Govt dont dictate the selling price ; the private developers submit the bid price for the land.

�

The land is not bought for $280 psf.� $280 is the psf ppr ; per sq foot per plot ratio. If the development has a plot ratio of 4 for eg , ( meaning if land is 100,000 sqft , developer can build 400,000 on it ) , the developer would have paid $280x4� or $1,120 psf for the land itself.

can�I ask a very noob question?

�

Govt sells the land at $280 psf.....how did they derive at this selling price?

ok, I know it is roughly based on the neighbouring properties past transactions.

but from the beginning, why is the land so ex if its for HDB?

what if it is for HDB?

why cant govt sell it for $1 psf?

�

EC should be under competitive bidding by the developers.

�

seriously? u think that it is the CMs that are holding up prices?

�

and without the CMs, prices will collapse? that is totally counter intuitive to me

�

im writing abt human psychology with regards to the CMs, no need to even talk abt supply demand & interest rate situation...

�

all i see are prices falling i duno wat price u lookin at...

�

im writing abt human psychology with regards to the CMs, no need to even talk abt supply demand & interest rate situation...

�

all i see are prices falling i duno wat price u lookin at...

�

i dunno simi psychology

�

i only know that there are tons of ppl waiting at the sidelines, and once the countless CMs are removed, will jump in to mop up whatever new condos there are out there

�

i dunno simi psychology

�

i only know that there are tons of ppl waiting at the sidelines, and once the countless CMs are removed, will jump in to mop up whatever new condos there are out there

�

if all the CMS are removed, then for sure prices will go up, but by then prices wld corrected already coz they wont remove CMs if prices dont fall. Theyre not gona remove all overnight... itll a slow n painful death...

Edited by Duckduck, 21 January 2015 - 03:02 PM.

Alamak.....

Attached Thumbnails

�

if all the CMS are removed, then for sure prices will go up, but by then prices wld corrected already coz they wont remove CMs if prices dont fall. Theyre not gona remove all overnight... itll a slow n painful death...

�

yes

�

prices would go up, despite the so called oversupply (which might be the case), but demand is still damn strong, which is the simple reason why CM is in place

�

hence the current environment is still quite bullish. Developers are hoping the govt will make the misguided step to remove CM, many investors are also happy to pay $1,500 psf for suburban provided that CM are removed

�

so with real investment demand, u cannot expect any meaningful price correction. maybe another 5%? developers are not idiots. why should they sell for the cheap when they have made so much over the last 5 years and know that ppl are willing to buy at high prices

�

they would rather wait and see who blinks first. Look at EC, thousands of unsold units and even with the latest $280 psf land bid, i don't think EC developers will slash more than 5% to move sales

�

many are so happy calling a bear market, but it is not so yet. When will the crap hit the fan? No one knows, 1 year, 2 yrs, 3, 4 more?

But with interest going up ......... I think investors are also holding back ??�

Looks like FI are all monitoring the default rate with magnifying glasses ....�

�

�

yes

�

prices would go up, despite the so called oversupply (which might be the case), but demand is still damn strong, which is the simple reason why CM is in place

�

hence the current environment is still quite bullish. Developers are hoping the govt will make the misguided step to remove CM, many investors are also happy to pay $1,500 psf for suburban provided that CM are removed

�

so with real investment demand, u cannot expect any meaningful price correction. maybe another 5%? developers are not idiots. why should they sell for the cheap when they have made so much over the last 5 years and know that ppl are willing to buy at high prices

�

they would rather wait and see who blinks first. Look at EC, thousands of unsold units and even with the latest $280 psf land bid, i don't think EC developers will slash more than 5% to move sales

�

many are so happy calling a bear market, but it is not so yet. When will the crap hit the fan? No one knows, 1 year, 2 yrs, 3, 4 more?

�

Alamak.....

�

aiyoh

�

unemployment so high�

�

heng ah SG is insulated with unemployment rate of 2%� [laugh]

�

heard many complaints from people that they want to hire but after 6 mths still cannot find employee. MNC middle position only

�

if senior position, i think have to search for 18 mths� [laugh]

But with interest going up ......... I think investors are also holding back ??�

Looks like FI are all monitoring the default rate with magnifying glasses ....�

�

�

�

�

rates up 100 or 200 bp also not much impact since we are coming from a super low base

�

u gotta wait for higher unemployment before ppl really default and that is when the cards will collapse

�

just spoke to an auntie, earning $5k a month also invested in CCR condo

�

no rental for 3 mths already but she still can tahan the mortgage. just save on other expense lor

Maybe CMs are too broad a term to use.�

�

The last few measures just makes the purchases very sticky, easy to buy if you meet the criteria but a lot harder to sell as your potential buyers have been sidelined.

�

Thus making the market very illiquid.

�

It achieves what the govt wants. Halt the steep upwards price trajectory and also stick on the way down so they don't have to deal with a crash either.�

�

Remember, property prices are marked to market. So the last few measures are aimed at achieving such an outcome, Goldilocks style, not too hot, not too cold.

�

It just drives home the message that if you buy under the current the environment, buy for self stay.

�

It's evident the mkt is soft, judging by other yardsticks/ metric from:

�

1) current developer bids compared to previous nearby bids

�

2) resale psf for completed projects

�

3) pace of units sold at new launches

�

4) rentals are renewed at lower rates

4) rentals are renewed at lower rates

�

many props now are yielding below 3%, making it unattractive for investors. so either rents go up n yields higher, which is not the case now, or rents remain n prices drop, which is more likely the case.

�

Rem that CM removal will Not increase rental prices when theres so much supply...�

mai spread fear ... mai spread fear
any firesale? please PM ... lol

Edited by Wt_know, 21 January 2015 - 03:40 PM.

alamark , I too old liao ... wan to upgrade also cannot............

mai spread fear ... mai spread fear
any firesale? please PM ... lol

�

what do u deem as firesale?

�

10%? 25% or 50%?� [laugh]

no 30% no talk for OCR previously priced at $1.25M to $1.5M ... can?

Edited by Wt_know, 21 January 2015 - 04:15 PM.

no 30% no talk for OCR previously priced at $1.25M to $1.5M ... can?

�

can try to find lah

�

but probably even before seller slash to 1.25m, someone will snap it up at 1.4m�

damn ... sporean all so leech ... gotta sit at corner and suck thumb again ...

�
can try to find lah
�
but probably even before seller slash to 1.25m, someone will snap it up at 1.4m�

Well, you have to understand 90% of Singaporean own house or HDB. Any serious drop of price will impact alot of people and of cause the COE price. Alot of sitting on side line guy want he property to collapse so they can benefit from other misfortunate. They may not realise that when property collapse, mean economic is suck, and they may get retrench and there go their dream of buying property cheap.

Any collapse will benefit the rich and property developer due to their deep pocket. I don't know how much property will drop but hopefully just 10-20% and everyone will benefit.

Well, you have to understand 90% of Singaporean own house or HDB. Any serious drop of price will impact alot of people and of cause the COE price. Alot of sitting on side line guy want he property to collapse so they can benefit from other misfortunate. They may not realise that when property collapse, mean economic is suck, and they may get retrench and there go their dream of buying property cheap.

Any collapse will benefit the rich and property developer due to their deep pocket. I don't know how much property will drop but hopefully just 10-20% and everyone will benefit.

Collapse collapse collapse, thats the best, wooohoooo......got no money, dont make a difference anyway, muayhahahahahaha

Edited by Throttle2, 21 January 2015 - 10:31 PM.

Collapse collapse collapse, thats the best, wooohoooo......got no money, dont make a difference anyway, muayhahahahahaha

�

You mean what? Your primary home whole house collapse or price collapse? No money nevermind but human lives are involved here. Please dont be so bad.�

�
You mean what? Your primary home whole house collapse or price collapse? No money nevermind but human lives are involved here. Please dont be so bad.�

*yawn* go think what you want lor.

Edited by Throttle2, 22 January 2015 - 12:38 AM.

Well, you have to understand 90% of Singaporean own house or HDB. Any serious drop of price will impact alot of people and of cause the COE price. Alot of sitting on side line guy want he property to collapse so they can benefit from other misfortunate. They may not realise that when property collapse, mean economic is suck, and they may get retrench and there go their dream of buying property cheap.

Any collapse will benefit the rich and property developer due to their deep pocket. I don't know how much property will drop but hopefully just 10-20% and everyone will benefit.

�

drop 20% and many will go bankrupt hahaha ...... but thats they price to pay for been greedy.�

here alot of horse back cannon

anyone here know how to get japan bank loan to buy apartment in jippun?

get a japanese wife , think they got quite a good selection from the porn starlets.

get a japanese wife , think they got quite a good selection from the porn starlets.

�

Yui!

�

oh the lin chi ling lookalike , good choice , pretty face , good body and plenty of experience.

Edited by CH_CO, 22 January 2015 - 01:52 PM.

another impt factor for prop price increase/decrease is population growth, check out UN's SG forecast:

�

i thk pre 2011GE, the high variant was v likely, but now the medium is more likely... in other words likely we have another 4 more decades of prop boom bust before it finally stops growing since the actual population has peaked as we're a finite land island.

�

contrast this to USA, USA has another 100yrs or more of population growth...

�

Sauce:�http://esa.un.org/un...iles/index.shtm

Edited by Duckduck, 22 January 2015 - 02:14 PM.

�
drop 20% and many will go bankrupt hahaha ...... but thats they price to pay for been greedy.�

Aiyoh cant be lah.
Drop 20% is nothing.
Just borrow from elsewhere to cover the hole lor

Problem is you should go study their consumer patterns and credit card debt.

�

The killer is never the property debt it is always the credit cards and car related cost which are the silent killers.

Problem is you should go study their consumer patterns and credit card debt.

�

The killer is never the property debt it is always the credit cards and car related cost which are the silent killers.

�

if u dont even factor existing population growth, the migratory growth is v bullish for US prop long term coz unlike SG with such finite n little land, US has tons of land n pple there dont feel xenophobic coz of the space.

�

Eg. toronto CA, it has towns which are almost entirely chinese despite being in a mostly white country coz of the huge amt of land.

�

USA is still #1 choice for PRC migration. anyway this is more interesting only for those who r looking to diversify prop investment outside of SG

�

re: US consumer debt, its still below 2007 peak FYI:�http://www.newyorkfe...c.html#/2014/q3

�

i used to work in prop research thats y im spewing alot of crap so just ignore it if it doesnt make sense lolz

Edited by Duckduck, 22 January 2015 - 05:26 PM.

�

if u dont even factor existing population growth, the migratory growth is v bullish for US prop long term coz unlike SG with such finite n little land, US has tons of land n pple there dont feel xenophobic coz of the space.

�

Eg. toronto CA, it has towns which are almost entirely chinese despite being in a mostly white country coz of the huge amt of land.

�

USA is still #1 choice for PRC migration. anyway this is more interesting only for those who r looking to diversify prop investment outside of SG

�

re: US consumer debt, its still below 2007 peak FYI:�http://www.newyorkfe...c.html#/2014/q3

�

i used to work in prop research thats y im spewing alot of crap so just ignore it if it doesnt make sense lolz

�

Given your standards , prop or not , it is crap. No disrespect , i do know what goes on on the prop desk , used to come from the trading desk , thats was the reason why i am doing risk. An analyst just knows how to cut and paste and summarize , if they are good they will be the traders not the ones writing.

�

My suggestion is for you to look into credit growth of US for 5 years leading to 2007 and 2009 and look at the credit growth in Singapore the past 5 years and compare it .You will notice the similarities. Housing credit has grown more than 50% from 2004~2009. In your link , it doesn't show you credit lines on credit in whole but the link below does. Read the one below, based on your own links. Clown sia , quote also dunno how to read properly anyhow pull data.

�

http://www.newyorkfe...HHDC_2014Q3.pdf

�

http://www.tradingec...dp-wb-data.html

�

Anyway , if you read into it , you will know morgage defaults only increased in defaults toward the crash.

�

I have already factored in pop growth and have mentioned on organic growth more than 2 years ago , go check if you want to. All GDP growth have to factor in pop growth in fact , a big factor of it is in technological advancement one of which leading to a longer lifespan and not merely pop growth alone.

�

As for US , go check , it is only growing at 2.5% to 3.2. US is already recovering from the debt , it took more than 7 years to unwind the mess and i did say we would probably go in a decline for the next 3~5 years.

�

Ask yourself a simple thing , africa is experiencing pop growth , india is experiencing pop growth , so is vietnam why aren't they growing at 2.5% or 3.2 but why is the growth hampered? Pop growth is just one part of the equation as with many others.

�

taken from economist.

�

Edited by CH_CO, 22 January 2015 - 06:18 PM.

get a japanese wife , think they got quite a good selection from the porn starlets.

�

but but... .they keep telling me yametei yametei... :(

�

but but... .they keep telling me yametei yametei... :(

�

Ignorance is bliss. :)

Ask yourself a simple thing , population in singapore has being increasing but how come our productivity didn't increase?? In fact it has being dropping year on year.

�

So why kid yourself into thinking that having pop growth would mean economic growth.

�

So sorry i correct myself , i am a lowly table wiper , i just copied and paste all those crap , I don't even know what all those shit is. As lightbringer correctly mentioned , i know nothing. Ignore whatever i said.

�

worse , now jobless.

Edited by CH_CO, 22 January 2015 - 07:00 PM.

duo post.

Edited by CH_CO, 22 January 2015 - 06:58 PM.

Ask yourself a simple thing , population in singapore has being increasing but how come our productivity didn't increase?? In fact it has being dropping year on year.
�
So why kid yourself into thinking that having pop growth would mean economic growth.
�
So sorry i correct myself , i am a lowly table wiper , i just copied and paste all those crap , I don't even know what all those shit is. As lightbringer correctly mentioned , i know nothing. Ignore whatever i said.
�
worse , now jobless.

Hi fellow Table Wiper.

*wave*

Hi five

Hi fellow Table Wiper.

*wave*

Hi five

�

sorry now i jobless. eat myself at home now. No table to wipe. LOL

Edited by CH_CO, 22 January 2015 - 07:08 PM.

�
sorry now i jobless. eat myself at home now. No table to wipe. LOL

Wah say, sibei goodlife.
I also want!

Wah say, sibei goodlife.
I also want!

Quit yor job lor

Quit yor job lor

Cannot leh Bro, i solebreadwinner with little cash. Very tough leh

But i promise you i will consider

Edited by Throttle2, 23 January 2015 - 01:20 PM.

Cannot leh Bro, i solebreadwinner with little cash. Very tough leh

But i promise you i will consider

�

you mean retire ? lol�

�
you mean retire ? lol�

Wah lau already said, tough, difficult, little cash, how to retire?

According to ah kong, retire does not mean don't work:)

HDB flat at Pinnacle breaks million-dollar mark-
https://sg.news.yaho...55--sector.html

Although prices of resale HDB flats have come down significantly, falling by 6.2 percent in 2014 due to the governments slew of tightening measures to stabilise the public housing market, this hasnt stopped some eager buyers from snapping up units at sky-high prices.

This afternoon, it was reported that a 5-room flat located on a high floor at The Pinnacle in Tanjong Pagar recorded a $1.028 million sale recently, the highest resale price achieved so far at the iconic HDB project.

Experts had previously warned that 5-room flats at Pinnacle could fetch a resale price tag of more than $1 million.

Since the five-year Minimum Occupation Period (MOP) for most owners at Pinnacle ended in December 2014, roughly 10 flats have been sold on the resale market.

PropertyGuru had earlier reported on the sale of a 4-room corner unit between the developments 34th to 36th floors for $900,000, while a 5-room below the sixth floor found a buyer for $918,000.

Completed in 2009, there are a total of 1,848 flats at Pinnacle spread across seven connected towers of 50-storeys, making it the worlds tallest public housing project.

Edited by Mercs, 23 January 2015 - 11:32 PM.

when the $918k unit was sold, it's just a matter of time ...

�

HDB flat at Pinnacle breaks million-dollar mark-
https://sg.news.yaho...55--sector.html

�

when the $918k unit was sold, it's just a matter of time ...
�
�

My bet is that the buyers are long term real users of the flats who truly want the location for convenience.
Am not surprised if they are not locals.

Most of the people waiting at the sidelines would have already liquidated their assets and hold cash, I don't really think they would be too leveraged when buying cheap property.

�

10 - 20% correction is a high possibility on a moderate scale IMO, already the tax on unsold properties already hitting the developers pockets by a good 10%.

�

When will it happen is the question. The markets are a washed with liquidity and with the ECB pumping in more cash delaying the inevitable. Probably need a nation to go belly up first to kick start the party.

�

Well, you have to understand 90% of Singaporean own house or HDB. Any serious drop of price will impact alot of people and of cause the COE price. Alot of sitting on side line guy want he property to collapse so they can benefit from other misfortunate. They may not realise that when property collapse, mean economic is suck, and they may get retrench and there go their dream of buying property cheap.

Any collapse will benefit the rich and property developer due to their deep pocket. I don't know how much property will drop but hopefully just 10-20% and everyone will benefit.

�

Actually it makes perfect sense.

�

If your office is very near your home, you can do away with the car permanently.

�

Your kid travel outwards during times when people travel inwards. At least during their early years.

�

By-passing all the jams,ERPs and human traffic.

�

In this sense, '>P would be a steal�compare to�the�expenses�of condos in the city.

�

when the $918k unit was sold, it's just a matter of time ...

�

�

�

depends on age ... if 30-40 ... still highly likely to change job

if above 40 ... depends on what position

if high position ... with good income ... can choose to stay anywhere ... D9/10 also can

if mid position (manager to senior manager level) ... salary $6k-$10k ...

why pay $1M for a resale hdb? somemore ... above 40 years old liao

if already above 50 years old ... pay $1M for a resale hdb and going to work is critical to put food on the table ... then i'm puzzled

if already above 50 years old ... down $1M for a resale hdb ... plan to retire to sell P and downsize to cash out ...

this means the owner is expect to sell at > $1.3M (at least) for a hdb?

�

Actually it makes perfect sense.

�

If your office is very near your home, you can do away with the car permanently.

�

Edited by Wt_know, 24 January 2015 - 01:17 AM.

Rather than paying near $1,000psf for the HDB albeit the iconic one, i think there is much more value to buy a private condo also at the CBD fringe at comparble price, with enbloc potential in the next property up cycle.

Yes am talking about Landmark Tower, a 30-yr old leasehold condo at chin swee rd which went through an estate upgrading last year, with nice swimming pool and spendid unblock view for every unit.

if mid position (manager to senior manager level) ... salary $6k-$10k ...
�
�

$6k - $10k is not mid position. More like junior position leh

$6k - $10k is not mid position. More like junior position leh

Somtimes you have to keep your lofty yardstick and measure with a normal ruler.

$6k - $10k is not mid position. More like junior position leh

I cfm underpaid.

Somtimes you have to keep your lofty yardstick and measure with a normal ruler.

I am going by a normal ruler in todays situation when a stupid bowl of noodles in a foodcourt is $5
A lofty one would be much higher, i guarantee you that.

However, i do understand your perspective becos there are variances between industries, companies and responsibilities leading to the salary difference

gotta copy & paste this to show my boss ... i'm worst than junior ... [bigcry]

�

$6k - $10k is not mid position. More like junior position leh

�

Edited by Wt_know, 24 January 2015 - 11:05 AM.

I cfm underpaid.

Yup me too

But i still cant lie to myself and think that $10k is mid level and $15-20k is high level already.

Back to topic, down down down!

Miayhahaha

Take home pay or package pay ? There are 36% been suck out you know haha

depends on age ... if 30-40 ... still highly likely to change job
if above 40 ... depends on what position
if high position ... with good income ... can choose to stay anywhere ... D9/10 also can
if mid position (manager to senior manager level) ... salary $6k-$10k ...
why pay $1M for a resale hdb? somemore ... above 40 years old liao
if already above 50 years old ... pay $1M for a resale hdb and going to work is critical to put food on the table ... then i'm puzzled
if already above 50 years old ... down $1M for a resale hdb ... plan to retire to sell P and downsize to cash out ...
this means the owner is expect to sell at > $1.3M (at least) for a hdb?
�
�

$6k - $10k is not mid position. More like junior position leh

Here's more accurate data extracted from iras. Assuming only 13month bonus nia for both 6 and 10k, it already puts one in the top 30.5 and 16% of all taxpayers (not including the lower income group that pay no taxes), meaning if we compare it to the total workforce, it may mean a higher percentile.

Don't see how this is junior position?

Attached Thumbnails

benchmark no use
depends on the benchmark ruler

Edited by Wt_know, 24 January 2015 - 01:00 PM.

Here's more accurate data extracted from iras. Assuming only 13month bonus nia for both 6 and 10k, it already puts one in the top 30.5 and 16% of all taxpayers (not including the lower income group that pay no taxes), meaning if we compare it to the total workforce, it may mean a higher percentile.

Don't see how this is junior position?

Ya in fact a lot singaporeans not earning a lot less then 130k per month leh. That is why high inflation affect a large chunk of singaporeans, those in the middle and lower income group most affected. The only one that is laughing their way off that inflation is good is those in top income earners as it does not affect them that much, in fact more inflation is good for them especially the banks.

�

Again fundamentals of sound $ come into this picture. Which is why I keep stressing that those in top management and leader need to have an IN DEPTH understanding on fundamentals of economic.. Even if those top management are good leaders but are totally clueless on fundamentals of economic, the country will be doom as it just do not work the way those top leaders want it to be.

�

Edited by Yewheng, 24 January 2015 - 01:05 PM.

benchmark no use
depends on the benchmark ruler

Here there are too many people using rulers that measure only the sizes of their cars and how big their houses are.

govt got so many rulers for different type of benchmark

hdb = very affordable

vep = level cost of car ownership

inflation = less than 2%

cost of living = when headlines says spore is the most expensive city in the world, it's not true

and so on ....

In the earlier days a year or so back, only a certain table wiper was among the few noises about corrections. Now it seemed lost everybody here is singing the same tune.

In the earlier days a year or so back, only a certain table wiper was among the few noises about corrections. Now it seemed lost everybody here is singing the same tune.

Huh who who? Which table wiper? Ggggrrrrrrr, trying to snatch my ricebowl?

Woooohoooo lai liao!

Todays papers
Everyday also same kind of news
Aiyoh

Muayhahaha

Attached Thumbnails

Alamak

Attached Thumbnails

Those paper can be trusted one meh haha

Scam i believe though

Edited by Angcheek, 24 January 2015 - 02:53 PM.

Alamak

Attached Thumbnails

govt propaganda liao
more news to justify to remove CM

I think more like wanted to show pp price is coming down

Here's more accurate data extracted from iras. Assuming only 13month bonus nia for both 6 and 10k, it already puts one in the top 30.5 and 16% of all taxpayers (not including the lower income group that pay no taxes), meaning if we compare it to the total workforce, it may mean a higher percentile.

Don't see how this is junior position?

Accurate? Salary.sg? you must be joking right?
the reason you think you earn more money then the chow ah beng driving a brand new 5er is becos his income aint reported and doesnt fall in as a statistic in this website.

Ok lah, $6k to $10k is mid level, up to senior manager level, steady boh?

I take back my words....i lousy,

Salary.sg website makes many McFers very happy becos many would fall in the top 1% tier.

govt propaganda liao
more news to justify to remove CM

You really think the Govt is so stupid, do you?

I recall that about a year ago, you also didnt believe that prices would move downwards, correct?

Heeeheeeeheee

Mao spread fear lar... should only look at pinnacles news.... Huat ah.....hehehe

�
i dunno simi psychology
�
i only know that there are tons of ppl waiting at the sidelines, and once the countless CMs are removed, will jump in to mop up whatever new condos there are out there

They will remove CMs when they are sure it won't result in steeply rising prices again. ie. when there is evidently an oversupply of units and vacancy rate is high, rent is soft and/ or when interest rates are normalised, meaning yield may then be negative or very marginal, so investors may not enjoy good cash flow then, which was the reason why so many had jumped on the bangwagon in the last few year. I doubt prices will rise sharply when CMs are finally removed due to "strong" demand, because the demand won't be the same when the CMs are removed, the govt will make sure of it. So your assumptions need to be reexamined.

Btw, I don't see a crash but can't deny prices will continue to soften.

Here's more accurate data extracted from iras. Assuming only 13month bonus nia for both 6 and 10k, it already puts one in the top 30.5 and 16% of all taxpayers (not including the lower income group that pay no taxes), meaning if we compare it to the total workforce, it may mean a higher percentile.

Don't see how this is junior position?

�

you never count those who collects cash in their businesses but seldom or never need to issue receipts one.

They could seemed to be in the lower/mid income group, because they have little income to declare but are in fact cash rich. [laugh]

�

Was chatting with friends that how come some many ATB come here work as hostess. Based on simple calculation, some could easily earn 10k per month. That could apply to any nationality.

govt propaganda liao
more news to justify to remove CM

�

Maybe to justify interest rates increase for bankers.

mycarforum

Thứ Sáu, 23 tháng 12, 2016

Private property prices... Up or Down? part 6

Attached Thumbnails

Attached Thumbnails

Attached Thumbnails

Attached Thumbnails

Attached Thumbnails

Không có nhận xét nào:

Đăng nhận xét