Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 47

  • 25 August 2015 - 03:57 PM
    Throttle2


    what rubbish

    i say with higher ceiling for HDB means more demand for HDB so price will go up�

    when BTO reaches $500K for 4 rm flat, EC will smelly smelly be $1,000 psf since income ceiling also go up

    then private developer will be able to justify raising their mass market to $1,400 psf to $2,000 psf depending on location�

    and govt continue to sell GLS land at $500 psf and above


    Only an agent will say this.
    But not just any agent.
    A disillusioned one.

    Muayhahah
    I found a new job after kena pok as table wiper.
    Now i am vegetable farmer.
  • 25 August 2015 - 04:02 PM
    Mustank

    car vs lorry [gossip]


  • 25 August 2015 - 04:02 PM
    Wyfitms

    Only an agent will say this.
    But not just any agent.
    A disillusioned one.

    Muayhahah
    I found a new job after kena pok as table wiper.
    Now i am vegetable farmer.

    market so jialat but u still managed to get a new job. in a different industry somemore

    steady lah. heard farming is the way to go now with shortage of food�


  • 25 August 2015 - 04:10 PM
    Throttle2


    market so jialat but u still managed to get a new job. in a different industry somemore

    steady lah. heard farming is the way to go now with shortage of food�


    Life is hard, i farm for personal consumption.
    Kena pok is really no joke.
    Moreover lost so much money in the market.
    No choice, have to farm for own survival.
  • 25 August 2015 - 11:16 PM
    Porker

    Life is hard, i farm for personal consumption.
    Kena pok is really no joke.
    Moreover lost so much money in the market.
    No choice, have to farm for own survival.


    You everytime hao siao to the forum fellas here bluff who?
  • 09 September 2015 - 02:11 PM
    Wyfitms

    now jobless?

    are you one of those waiting to be parachuted in and then given a high post by this Friday?

    if so, by next week buy up entire D9 also no problem lah

    :D

    now that u mentioned, seemed like the timing of his joblessness coincide with parliament being dissolved

    or maybe he is actually LTY� :XD:


  • 09 September 2015 - 05:44 PM
    Throttle2


    now jobless?

    are you one of those waiting to be parachuted in and then given a high post by this Friday?

    if so, by next week buy up entire D9 also no problem lah

    :D



    No lah, i where got such luck.
    Beaten down and in a sorry state.
    No money to buy property, need to sell possessions....
    Sigh...
  • 13 September 2015 - 11:00 PM
    Porker

    No lah, i where got such luck.
    Beaten down and in a sorry state.
    No money to buy property, need to sell possessions....
    Sigh...

    Brudder you everyday tell us you jobless no $$$ and etc you not tired ah muayhahahaha. Please stop buying cigars and switch to normal ciggies now
  • 17 September 2015 - 10:58 PM
    Throttle2

    All these sales jobs not suitable for you lah

    Clients want to take loan you will scold and suan them full cash

    Like that how to sell?

  • 22 September 2015 - 10:22 AM
    Spring

    Colleague booked a BTO flat in Clementi central 5 room flat�40th floor 1-2 months back for $720k!!


  • 22 September 2015 - 10:25 AM
    Roh96

    Colleague booked a BTO flat in Clementi central 5 room flat�40th floor 1-2 months back for $720k!!

    [shocked][shocked]� $720K for a BTO?


  • 22 September 2015 - 10:32 AM
    Wt_know

    so cheap right? LOL ...

    when my colleague book Pinnacle at $600k+ ... i was suaning him ... siao ... stupid ... [hur]

    who is going to buy from him at $1,000,000

    now everyday when he see me ... he tell me got people offer $1M and he don't want to sell

    [shocked][shocked]� $720K for a BTO?


    Edited by Wt_know, 22 September 2015 - 10:51 AM.

  • 22 September 2015 - 10:40 AM
    Roh96

    I'm beginning�to believe HDB at $1M will be a norm soon. Very soon every�unit at matured estate will be $1M like�Bishan, Tiong Bahru, Clementi, TPY, u name it.


  • 22 September 2015 - 10:52 AM
    CH_CO

    I won't be surprised that those flats are bought by PRCs or PRs which I have clearly mentioned that those lot should not be allow to buy flats and should not benefit from an appreciation of prices. They artificially inflate the market to the point that the sellers become greedy and the below median classes are forced to pay horrid prices for a housing. This reduces birth rates and it is not consistent with whatever policies our stupid garmen is trying to show.

    Congrats for buying at high prices for a flat <800k. That said , money is not "made" by HBD and they will consistently be complaining about "losses" , they also forget the "stamp" duty and "interest" they charge for the high prices those FLATS are sold at. People here gradually forget that property prices only a reflection of the current economy . I DO NOT BELIEVE Singapore has been consistent in their growth , in fact it is showing gradual reductions in productivity. But that said , there will be plenty of these "gurus" telling me otherwise. Personally i do not understand why something which only generated at most 300~400k worth of economic value would be worth anything in excess 800k and above.

    Welcome to singapore folks. Buying a flat for more than 800k is not a show of wealth but a show of stupidity. It is meant to be public housing , not PRIVATE PROPERTY.


    Edited by CH_CO, 22 September 2015 - 11:03 AM.

  • 22 September 2015 - 11:15 AM
    Yeshe

    I won't be surprised that those flats are bought by PRCs or PRs which I have clearly mentioned that those lot should not be allow to buy flats and should not benefit from an appreciation of prices. They artificially inflate the market to the point that the sellers become greedy and the below median classes are forced to pay horrid prices for a housing. This reduces birth rates and it is not consistent with whatever policies our stupid garmen is trying to show.

    Congrats for buying at high prices for a flat <800k. That said , money is not "made" by HBD and they will consistently be complaining about "losses" , they also forget the "stamp" duty and "interest" they charge for the high prices those FLATS are sold at. People here gradually forget that property prices only a reflection of the current economy . I DO NOT BELIEVE Singapore has been consistent in their growth , in fact it is showing gradual reductions in productivity. But that said , there will be plenty of these "gurus" telling me otherwise. Personally i do not understand why something which only generated at most 300~400k worth of economic value would be worth anything in excess 800k and above.

    Welcome to singapore folks. Buying a flat for more than 800k is not a show of wealth but a show of stupidity. It is meant to be public housing , not PRIVATE PROPERTY.


    How many times do u want me to praise u? :D
  • 22 September 2015 - 11:23 AM
    Spring

    [shocked][shocked]� $720K for a BTO?

    Yes, double confirm.�U can check hdb website of the BTO exercise I think 2 or 3 launches ago for the indicative prices. This however is the top floor of a 5room flat in a matured estate but nevertheless pricey!!


  • 22 September 2015 - 11:26 AM
    Roh96

    I won't be surprised that those flats are bought by PRCs or PRs which I have clearly mentioned that those lot should not be allow to buy flats and should not benefit from an appreciation of prices. They artificially inflate the market to the point that the sellers become greedy and the below median classes are forced to pay horrid prices for a housing. This reduces birth rates and it is not consistent with whatever policies our stupid garmen is trying to show.

    Congrats for buying at high prices for a flat <800k. That said , money is not "made" by HBD and they will consistently be complaining about "losses" , they also forget the "stamp" duty and "interest" they charge for the high prices those FLATS are sold at. People here gradually forget that property prices only a reflection of the current economy . I DO NOT BELIEVE Singapore has been consistent in their growth , in fact it is showing gradual reductions in productivity. But that said , there will be plenty of these "gurus" telling me otherwise. Personally i do not understand why something which only generated at most 300~400k worth of economic value would be worth anything in excess 800k and above.

    Welcome to singapore folks. Buying a flat for more than 800k is not a show of wealth but a show of stupidity. It is meant to be public housing , not PRIVATE PROPERTY.

    I have seen similar posts like this from u. U don't seem to be able to accept the current state of the�economy and the standard/ cost of living. Time to move on brudder.

    Foreigners, overcrowding, cost of living, all these are no longer an issue liao as�proven by�the strong mandate in�GE. Time to move on.


    Yes, double confirm.�U can check hdb website of the BTO exercise I think 2 or 3 launches ago for the indicative prices. This however is the top floor of a 5room flat in a matured estate but nevertheless pricey!!

    U can quote the popular phase here to your colleague. In 5 yrs time, "no $1M no sell." Hahaha..


  • 22 September 2015 - 11:32 AM
    Porker

    I won't be surprised that those flats are bought by PRCs or PRs which I have clearly mentioned that those lot should not be allow to buy flats and should not benefit from an appreciation of prices. They artificially inflate the market to the point that the sellers become greedy and the below median classes are forced to pay horrid prices for a housing. This reduces birth rates and it is not consistent with whatever policies our stupid garmen is trying to show.

    Congrats for buying at high prices for a flat <800k. That said , money is not "made" by HBD and they will consistently be complaining about "losses" , they also forget the "stamp" duty and "interest" they charge for the high prices those FLATS are sold at. People here gradually forget that property prices only a reflection of the current economy . I DO NOT BELIEVE Singapore has been consistent in their growth , in fact it is showing gradual reductions in productivity. But that said , there will be plenty of these "gurus" telling me otherwise. Personally i do not understand why something which only generated at most 300~400k worth of economic value would be worth anything in excess 800k and above.

    Welcome to singapore folks. Buying a flat for more than 800k is not a show of wealth but a show of stupidity. It is meant to be public housing , not PRIVATE PROPERTY.


    Good post. You should do more of this and less of the complain about people type
  • 24 September 2015 - 12:06 PM
    Jamesc


    That expat packed up his bags and went back to his home country liao

    In a hurry to sell that's why I got it slightly lower.

    That's a�fantastic deal bro. [thumbsup]


  • 24 September 2015 - 12:10 PM
    Showster
    Different lah. Valuation report is what bankers refer to to lend.

    X value is a good estimate but in the absence of recent data in the development it can be skewed down. Abundant data in the same development also might skew up the value.

    "It is important to note that the X-Value and X-Trend are computer-generated�numbers based on quantitative and geospatial data only. It does not take into�account qualitative factors like the condition of the interior." From SRX.

    I suspect they also treat freehold the same as leasehold in the computer generation. New or old also treated the same.


    Valuation and X-Value, they should be similar right?

    Sorry if I was not clear, I was checking the current X-Value of my place and it's at 80k less than the X-Value at the time I bought my place.

    That expat packed up his bags and went back to his home country liao

    In a hurry to sell that's why I got it slightly lower.


    Edited by Seohster, 24 September 2015 - 12:10 PM.

  • 24 September 2015 - 12:15 PM
    Theoldjaffa

    Different lah. Valuation report is what bankers refer to to lend.

    X value is a good estimate but in the absence of recent data in the development it can be skewed down. Abundant data in the same development also might skew up the value.

    "It is important to note that the X-Value and X-Trend are computer-generated�numbers based on quantitative and geospatial data only. It does not take into�account qualitative factors like the condition of the interior." From SRX.

    I suspect they also treat freehold the same as leasehold in the computer generation. New or old also treated the same.



    When I called the bank to ask about valuation of my place to check for provisional loan amount, the valuation amount they gave is the same as the X-Value provided by SRX.

    So I think they should be similar ba.
    Anyway I'm buying for own stay so the figures are academic. Just that when I saw a recent transaction, 3 floors higher at the same price I got, I feel buay song haha
  • 24 September 2015 - 12:23 PM
    Showster

    When I called the bank to ask about valuation of my place to check for provisional loan amount, the valuation amount they gave is the same as the X-Value provided by SRX.

    So I think they should be similar ba.


    OK that is possible too.

    But different banks can also value differently. Since your price might be one of the very few recent transactions it is possible they end up using yours as the valuation for your specific property.

    http://findahomeloan...ks-in-singapore
  • 24 September 2015 - 12:24 PM
    Throttle2

    When I called the bank to ask about valuation of my place to check for provisional loan amount, the valuation amount they gave is the same as the X-Value provided by SRX.

    So I think they should be similar ba.
    Anyway I'm buying for own stay so the figures are academic. Just that when I saw a recent transaction, 3 floors higher at the same price I got, I feel buay song haha


    Buy already dont buay song, bro.
    Just enjoy
  • 24 September 2015 - 12:27 PM
    Theoldjaffa

    Buy already dont buay song, bro.
    Just enjoy


    Yes bro. Hehe
  • 02 October 2015 - 07:28 PM
    Throttle2
    Huat ah!!!!!!
    Huat ah!!!!!!

    Attached Thumbnails

    • image.jpeg

  • 14 October 2015 - 06:00 PM
    The_richter

    When I called the bank to ask about valuation of my place to check for provisional loan amount, the valuation amount they gave is the same as the X-Value provided by SRX.

    So I think they should be similar ba.
    Anyway I'm buying for own stay so the figures are academic. Just that when I saw a recent transaction, 3 floors higher at the same price I got, I feel buay song haha

    You know why? You actually contributed directly to the drop in valuation.� Especially if there is not much recent transactions after yours.


  • 20 October 2015 - 10:57 PM
    Wt_know

    lai liao ... cry papa cry mama to remove property liang teh

    Attached Thumbnails

    • 2015-10-20_225531.png
    • 2015-10-20_225623.png
    • 2015-10-20_225653.png

    Edited by Wt_know, 20 October 2015 - 10:58 PM.

  • 21 October 2015 - 12:16 AM
    Throttle2
    But prices havent drop leh, so how to lift?
    Not i say one.

    Let it drop another 20% then see how lah, ok?
    That i say one

    Edited by Throttle2, 21 October 2015 - 12:16 AM.

  • 21 October 2015 - 02:17 AM
    CH_CO

    haha rise or drop i don't care , i don't see blood i dont believe.

    Soon , private might go cheaper than public making the ruling party eat their words yet again. More good times ahead?

    With high paying and cushy jobs evaporating and an impending interest rate hike , see how long goons can continue to pay for their repayments. Guess alot of downgrading happening soon. Wonder how much a divisional director of a property company is making now?

    Personally i would think there will be a time when the hawkers would end up earning more than the office workers , while i think it is perfectly fair and the garmen should reduce taxes on those which sweat blood to deliver good food , indirectly , it allows people to move into areas where education is less important. Thus having more job creations .

    Redundancy in office jobs are plenty , goons will cut each other out to keep their jobs , business will collapse because of these goons as the able will move out , if the garmen wants to open up entrepreneurship now is a very good time. Time to think how to help by reducing rentals for businesses.

    Help the SMEs to bloom , you will see employment back , continue to rely on idoits running the show� , soon u will only see a city filled with past glories .. no innovation , ZERO opportunities. Innovation don't come from books.


    Edited by CH_CO, 21 October 2015 - 02:27 AM.

  • 21 October 2015 - 04:18 PM
    Wyfitms

    2 years on and no blood spilled yet? Developers better pour ketchup on the streets and shout for doom and gloom LOL

    meanwhile please do not even think about tweaking the CM now. cannot afford to trigger another bull run where yishun price will rocket to $1,700 psf


  • 21 October 2015 - 04:48 PM
    Throttle2

    2 years on and no blood spilled yet? Developers better pour ketchup on the streets and shout for doom and gloom LOL

    meanwhile please do not even think about tweaking the CM now. cannot afford to trigger another bull run where yishun price will rocket to $1,700 psf



    Developers and analyst ARE ALREADY screaming , lest you dont realise.
    Prices dropping albeit not as much on overall basis but with sale stagnating and inventory stockpiling, the only way is down.

    $1700psf Yishun? KNS. Mickey mouse lah! Please...

    Show me $1700psf for a decent 3 room 1200sft size in Yishun, then i congratulate you with a bottle of champagne.
  • 21 October 2015 - 05:21 PM
    Wyfitms

    Developers and analyst ARE ALREADY screaming , lest you dont realise.
    Prices dropping albeit not as much on overall basis but with sale stagnating and inventory stockpiling, the only way is down.

    $1700psf Yishun? KNS. Mickey mouse lah! Please...

    Show me $1700psf for a decent 3 room 1200sft size in Yishun, then i congratulate you with a bottle of champagne.

    that is what i am saying, all screaming murder but no blood LOL. inventory stockpiling going on for 3 yrs? still hardly a dent to price


  • 21 October 2015 - 05:42 PM
    Myxilplix

    Issit machiam the needle haven't poke yet but the patient already crying and screaming?

    Maybe should poke first then see how, if really cry and scream then give one small lollipop later after they shaddap.


  • 21 October 2015 - 05:57 PM
    Wt_know
    when can i sell my cck hdb at $800k?
    waited 3 years liao ... i was told more good years ahead leh

    Edited by Wt_know, 21 October 2015 - 05:58 PM.

  • 21 October 2015 - 07:44 PM
    Showster

    Sure got blood. Lots.�Watch from 2min 49s to 3min.

    that is what i am saying, all screaming murder but no blood LOL. inventory stockpiling going on for 3 yrs? still hardly a dent to price


    Edited by Seohster, 21 October 2015 - 07:45 PM.

  • 21 October 2015 - 08:07 PM
    Jamesc

    Inventory stockpiling?

    I suggest the developers to drop

    price to clear stock.

    Build them high, sell it cheap

    and stocks will move.

    :D


  • 21 October 2015 - 09:11 PM
    Voodooman

    that is what i am saying, all screaming murder but no blood LOL. inventory stockpiling going on for 3 yrs? still hardly a dent to price

    That is not true, there is trickle of blood on the street as we talk.

    This could be the first of many small developers going bust. 29 units going on lelong sales soon. Not sure how many are now paying Ah Long's rate of 5% per month.

    Maybe can go low ball one of the 29 units.

    image.png
  • 21 October 2015 - 09:59 PM
    Showster

    5% per month, 60% per annum.

    That's heavy speculation already.

    I don't think lowballing helps her. Because if below cost she has to top up the difference also, which she does not have.

    Better all go to the mortagee auction. There are definitely isolated pools of blood.

    That is not true, there is trickle of blood on the street as we talk.

    This could be the first of many small developers going bust. 29 units going on lelong sales soon. Not sure how many are now paying Ah Long's rate of 5% per month.

    Maybe can go low ball one of the 29 units.

    attachicon.gifimage.png


    People already said delink HDB (especially OCR HDB) from private le...

    800K�for CCK HDB, you want to change Govt is it?

    when can i sell my cck hdb at $800k?
    waited 3 years liao ... i was told more good years ahead leh


  • 21 October 2015 - 10:53 PM
    Throttle2

    That is not true, there is trickle of blood on the street as we talk.

    This could be the first of many small developers going bust. 29 units going on lelong sales soon. Not sure how many are now paying Ah Long's rate of 5% per month.

    Maybe can go low ball one of the 29 units.

    attachicon.gifimage.png


    Wah say 5% per month.

    Dare to Undercut me!?!?!
  • 22 October 2015 - 09:47 AM
    Voodooman

    5% per month, 60% per annum.

    That's heavy speculation already.

    I don't think lowballing helps her. Because if below cost she has to top up the difference also, which she does not have.

    Better all go to the mortagee auction. There are definitely isolated pools of blood.


    Gross development value is above 55 million but people already low balling at 22 million, can try lah.

    However, Ms Lee said in an affidavit that she has found offers for Devonshire 8 at prices of $25.8 million to $31 million - higher than the $21.98 million that an unnamed party recently offered the provisional liquidators. "It is clear (the firm) would be better able to realise the value of Devonshire 8 than liquidators would in the event of winding up."

    Three valuation reports have put the value of the property at about $25 million to $31 million, while another marketing proposal by Savills estimated the gross development value of the project to be $55 million to $60 million, she said.
  • 22 October 2015 - 09:58 AM
    Wyfitms

    when can i sell my cck hdb at $800k?
    waited 3 years liao ... i was told more good years ahead leh

    wait a little longer. u will be rewarded with a $1m selling price

    by then u can buy a condo which will be $800k

    experts already saying that private price can will drop below HDB. better heed their advice � [laugh]


  • 22 October 2015 - 09:59 AM
    Wyfitms

    Inventory stockpiling?

    I suggest the developers to drop

    price to clear stock.

    Build them high, sell it cheap

    and stocks will move.

    :D

    it is a great disservice to singapore that you are not a developer CEO, james�


  • 22 October 2015 - 10:01 AM
    Wyfitms

    Sure got blood. Lots.�Watch from 2min 49s to 3min.

    damn, shit getting real ah

    i better reconsider sending out CV to all the banks in SG. time to change job and realise my dream of being a big shot banker


  • 22 October 2015 - 12:36 PM
    Hosaybo
    Issues of stagnant sales is attributed by expectation not in line...developers want to sell high while buyers, esp investors are expecting price drop. price drop will only be trigger when some developers need to liquidate due to cash flow issue. Matter of time the stalemate will tilt to one side. Which side? Likely in favour of buyers.
  • 22 October 2015 - 12:44 PM
    Throttle2

    wait a little longer. u will be rewarded with a $1m selling price

    by then u can buy a condo which will be $800k

    experts already saying that private price can will drop below HDB. better heed their advice [laugh]


    No need to wait.
    Just sell a big HDB and buy a mickey mouse private with spare cash in hand
    Change of status from public to private housing.
    Slap face swollen to proclaim as fat. Congrats
  • 22 October 2015 - 02:17 PM
    Wyfitms

    No need to wait.
    Just sell a big HDB and buy a mickey mouse private with spare cash in hand
    Change of status from public to private housing.
    Slap face swollen to proclaim as fat. Congrats

    singapore dream indeed� :a-happy:


  • 22 October 2015 - 03:01 PM
    CH_CO

    No need to wait.
    Just sell a big HDB and buy a mickey mouse private with spare cash in hand
    Change of status from public to private housing.
    Slap face swollen to proclaim as fat. Congrats

    people happy can liaoz.

    Some people don't even know how to read budget numbers as well as bankrupcty notices .

    LOL private leh , same la , some drive a merc c180 and claim to be driving a "better car" than a fellow driving a cheap 2.5 litre camry


    Edited by CH_CO, 22 October 2015 - 03:02 PM.

  • 22 October 2015 - 04:46 PM
    Kusje

    5% per month, 60% per annum.

    That's heavy speculation already.

    5% per month is 80% per yr.


  • 22 October 2015 - 05:12 PM
    Showster

    Yes Sir,

    You are absolutely right on compound interest calculations. My bad for assuming that 5% is returned every month.

    5% per month is 80% per yr.


  • 22 October 2015 - 07:36 PM
    Throttle2

    people happy can liaoz.

    Some people don't even know how to read budget numbers as well as bankrupcty notices .

    LOL private leh , same la , some drive a merc c180 and claim to be driving a "better car" than a fellow driving a cheap 2.5 litre camry


    Well some people see showflat full already conclude sales just as full.
    Others think they can put only downpayment for a Car means they can afford already
    Muayhahahahaha

    What to do, they happy can already as long as they dont use taxpayers money to save these goons
  • 22 October 2015 - 10:18 PM
    Jamesc

    it is a great disservice to singapore that you are not a developer CEO, james�

    Thank you bro but I have far more important things to do

    like cracking jokes here and helping lesbians.

    :D


  • 23 October 2015 - 11:26 PM
    Porker
    This thread is quite toxic with the under hand attacks thrown all over the place
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