mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 26

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Who say no 2 units are the same? Have, the neighbor staying right above or below your unit lor. Imagine he pay few hundred K cheaper, same facing, same floor area. Everyday see each other at carpark and life, knn u say song bo?

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You already say neighbour,staying above or below so obviously its not the same unit...

That said, obviously sure buay song for a similar locale...

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the good thing abt prop is its only a loss if u realize it. property goes up in long term, so essentially timing the mkt is whether u make a little or alot in short term, as long is no issue.
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Ai yo, these are just comforting words in my opinion. Who will be happy sitting at a loss, be it actual or paper? Incur more interest, and so what if property will recover in long term. How long? 10, 20, 30 yrs? I don't have that many 20 yrs to wait bro.

3 bedroom unit only 990 - 1066 sq-ft?

That's very small!

Is this the norm now for condo?

Pai sei, long long time no follow property news liao.

... and take away 100sqft for the balcony

... and 60sqft for the aircon ledge.

[sweatdrop]

haha .... stuck already cannot selll then say longgggg term investment la ...

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Ai yo, these are just comforting words in my opinion. Who will be happy sitting at a loss, be it actual or paper? Incur more interest, and so what if property will recover in long term. How long? 10, 20, 30 yrs? I don't have that many 20 yrs to wait bro.

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I hv always advised friends to go ahead and buy a property which they feel it is right in terms of affordabilty and personal preference as long as they are living in it and allows them to move on in life.

However an investment property is not the same. It must be treated for what it is. Profit or loss unrealized may just be on paper but there is no denying it represents lost opportunity or gained opportunity in real terms.

So if someone puts his money where his mouth is, correct or wrong i still respect him for being steady enough to make the decision .

Property isnt the most liquid instrument and at a retail level the buying and selling can be due to heavy emotions.

Go in with your eyes open plse.

I open todays papers and had a good laugh

Every other page was a property ad. All with reduced prices

Like lelong
Is an EC to help fulfil aspirations of the mass market in owning a condo or is it to help them make a profit by reselling?

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I open todays papers and had a good laugh

Every other page was a property ad. All with reduced prices

Like lelong
Is an EC to help fulfil aspirations of the mass market in owning a condo or is it to help them make a profit by reselling?

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many car ads many property ads all kinds of investment seminars ads

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so no news today is it?

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many car ads many property ads all kinds of investment seminars ads
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so no news today is it?
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Same old news

Singaporeans all very rich
Huat ah!

Resale still lagging behind.

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my sis is looking for a place to stay.

Resale still lagging behind.
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my sis is looking for a place to stay.

takes some time for the resale prices to react.

resale has no motivation to sell cheaply ...

unless there is a need to do so such as collecting keys to new condo/house

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takes some time for the resale prices to react.

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resale has no motivation to sell cheaply ...
unless there is a need to do so such as collecting keys to new condo/house
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Brother

No one has motivation to sell cheaply lah!

Wahaha

resale has no motivation to sell cheaply ...
unless there is a need to do so such as collecting keys to new condo/house
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Coming off faster than you think, dude

a lot of agents and property ceo you-know-who always interviewed in tv must be pissed with this article ... lol

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An Example of Bad Property Advice

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BAD ADVICE: �The monthly salary needed to get the most out of your property purchase is $10,000 to $12,000. I know, it�s not the easiest number to reach. But if you and your spouse can climb your way to this number, you�ll be in a prime position to afford a fantastic first home.�

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BAD ADVICE: �According to ERA key spokesman Eugene Lim, depending on whether your income is fixed and your finances are well within the Total Debt Servicing Ration (TDSR) framework, you should be able to afford properties priced between $600,000 and $1.2 million.�

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REALITY CHECK: Having a combined income of $10,000 to $12,000 for married couples does not justify a worthwhile reason to own an expensive suburban condominium as their first home. The purchase is more conspicuous spending than financial prudence.

Most married couples I know simply live from pay-check to pay-check servicing expensive home and car loans to keep up with society�s expectations. If one spouse loses his/her job, their financial position gets tougher with kids along the way.

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Suburban condos that are priced lower than $1 million today are very small units, either the 1-bedders or 2-bedders, spaces that may be too small for a married couple who wants to start a family. Today�s $1.2 million condos do not get you much space either, only larger mortgage payments. Even at a low 1.5% interest rate for a 30-year loan tenure on a 20% down-payment, a couple would have to fork out $3,300 every month. With interest rates at 3.5%, the mortgage payments jump to $4,300 every month.

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REALITY CHECK: Total Debt Servicing Ratio (TDSR) guidelines are meant to serve the business interests of a lending bank to a borrower. They are not meant to serve as financially prudent advice for buyers.

Most couples with a combined income of $10,000 to $12,000 would do a lot better financially buying less expensive re-sale HDB flats instead. They could use that savings to acquire financial freedom instead of paying through their noses for a cage in the sky.

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BAD ADVICE: �What a 7% property drop would save you on ABSD � As you can see, falling property prices take the �bite� out of ABSD when it comes to purchasing a second or third property. You�ll even be able to save money, as the example above shows.�
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BAD ADVICE: �If property prices drop by 7% to 10% over the course of 2014, which everyone expects will happen � the pain of ABSD actually gets nullified.

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REALITY CHECK: I have received many emails from readers telling me they have gotten a great price on a property. One particular lady approached me excitedly about discounted developer prices for a project called Sky Habitat in Bishan recently.

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BAD ADVICE: �But there�s another way to purchase property in this buyer�s market � buying property from new launches through the progressive payment scheme.�
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BAD ADVICE: �In most new launches, units priced below $1 million are usually purchased quickly. That�s because payment for new developments is made progressively, allowing buyers who aren�t severely affected by tighter loan rules to buy smaller units with cash instead of financing larger units.�

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REALITY CHECK: If a buyer decides to buy a smaller unit because he/she is severely affected by tighter loan rules, it simply shows he/she may already be overstretching on finances, never mind a smaller unit.

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This is the equivalent of saying, ��If I cannot afford a Ferrari, I will throw my money modifying a cheap Toyota Vios to look and sound like one.�

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�If I cannot afford a second property in Singapore, I�ll just throw my money into a cheap overseas property I�ve never seen before.�

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Many �experts� have given advice that suggests buying with no or little money down is more important than buying a quality investment property. In your overall investment analysis, how you finance the property isn�t as important as buying one that will be a sound, long-term investment, i.e. quality properties that have positive cash-flow. Even if it�s 100% financed, a bad property is a bad property!

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When you look at the noise out there, you will come across numerous suggestions on what you should do, and have to determine the legitimacy of every idea presented to you. It�s often not easy to differentiate between good advice and a bad advice, so take care before you act on it.

Edited by Wt_know, 13 May 2014 - 03:57 PM.

In other words , when buying or selling properties never listen to anyone who is in the business of buying and/or selling properties.

A lot of conflict of interests in the real estate industry....

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Must regulate like the banks operating in SG. Now want to fart also cannot.

The low psf prices at Coco Palms are those low floor, poor facing or large patio units. All the better units are more than $1000psf.

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The developers cut prices�at�developments such as Sky Habitat and�The Panorama because they were not realistically priced in the first place. The resale freehold homes which represent good value have dropped by perhaps 3-5%, which is not even enough�to cover�the 10% ABSD.

aiya all the agents kancheong already la ... all the nonsense keep coming out. keep getting unsolicited calls from agents who simply dont know what they are talking about ...

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one even told me (in writing too, no less!!) that "ABSD will be abolished soon and prices will shoot through the roof - better buy now quickly". so i asked for proof that this is indeed the case, since obviously the agent has some powerful connections to know this :P of course, the agent brushed aside my question and went on and on about how we will miss the boat now ...

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*sigh*�

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The low psf prices at Coco Palms are those low floor, poor facing or large patio units. All the better units are more than $1000psf.
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The developers cut prices�at�developments such as Sky Habitat and�The Panorama because they were not realistically priced in the first place. The resale freehold homes which represent good value have dropped by perhaps 3-5%, which is not even enough�to cover�the 10% ABSD.

Oh, and so, prices will hold?
Down means down. And still going down lah.

Btw Which property firm you representing?

Wahaha

Oh, and so, prices will hold?
Down means down. And still going down lah.

Btw Which property firm you representing?

Wahaha

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Prices will drop but by 20%�at most. If it�drops by more�than 20%, the government will�need to intervene�in order to�ensure a stable and sustainable property market.��

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I am a table wiper�and beer promoter at Redhill market.

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So how much has your property that you sold dropped by? Enough to cover ABSD, BSD and legal fees?�

Edited by _h_r_, 14 May 2014 - 04:22 PM.

aiya all the agents kancheong already la ... all the nonsense keep coming out. keep getting unsolicited calls from agents who simply dont know what they are talking about ...

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one even told me (in writing too, no less!!) that "ABSD will be abolished soon and prices will shoot through the roof - better buy now quickly". so i asked for proof that this is indeed the case, since obviously the agent has some powerful connections to know this :P of course, the agent brushed aside my question and went on and on about how we will miss the boat now ...

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*sigh*�

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yeah i am very kan cheong now.. think i have to switch to selling insurance by next year

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Prices will drop but by 20%�at most. If it�drops by more�than 20%, the government will�need to intervene�in order to�ensure a stable and sustainable property market.��

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I am a table wiper�and beer promoter at Redhill market.

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So how much has your property that you sold dropped by? Enough to cover ABSD, BSD and legal fees?�

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ah, so it's true.. everyone in singapore is a property expert =)

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yeah i am very kan cheong now.. think i have to switch to selling insurance by next year

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ah, so it's true.. everyone in singapore is a property expert =)

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as long u dont mislead the client, you'll be able to build long long r/s. too many nuts out there at the moment ><

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as long u dont mislead the client, you'll be able to build long long r/s. too many nuts out there at the moment ><

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i don;t mislead. i only tell the truth. But after telling the truth, nobody wants to buy liao

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i don;t mislead. i only tell the truth. But after telling the truth, nobody wants to buy liao

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thats the nature of the biz sadly .. now is holding pattern for most

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Prices will drop but by 20%�at most. If it�drops by more�than 20%, the government will�need to intervene�in order to�ensure a stable and sustainable property market.��
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I am a table wiper�and beer promoter at Redhill market.
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So how much has your property that you sold dropped by? Enough to cover ABSD, BSD and legal fees?�

Wah, then you win already, i wipe until no time already, you still can promote beer.
Steady.

The one i sold already dropped by 10% will drop another 10% within next 6mths.

Yours leh?

Edited by Throttle2, 14 May 2014 - 08:20 PM.

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yeah i am very kan cheong now.. think i have to switch to selling insurance by next year

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ah, so it's true.. everyone in singapore is a property expert =)

If prices drop, Agent no need to kancheong lah.
In fact if prices drop even better. Easier to sell and more buyers come in.
Much better than stalemate situation right?

yeah ... stalemate = jiak hong .... longgg time still don't move = jiak sai

price drop ... buyer's heart start to move ... need a little bit push ... got chance

less commission also better than jiak sai !

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agent need to be patient and skillful in talk-cock-sing-song

property price skyrocketed to the roof = make money

property price retract to sane level = also make money

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unless there is economic crisis that is so catastrophic that $600k private condo also no one buy

there is no crisis now ... just buyer <> developer play tarik-tarik see who blink first and who blink more

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If prices drop, Agent no need to kancheong lah.
In fact if prices drop even better. Easier to sell and more buyers come in.
Much better than stalemate situation right?

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Edited by Wt_know, 14 May 2014 - 08:35 PM.

Property agent rather earn less a bit on commission but have more transaction. What is 2% of a 2 million property- 40K. sell 1.8 million, 2 % is still $36K. 2 million maybe must put extra extra effort, 1.8 so much easier to sell. rather quickly see and move on.

Looks like a lot table wipers in mcf....

Oh, and so, prices will hold?
Down means down. And still going down lah.

Btw Which property firm you representing?

Wahaha

That is so presumptous of you, he could be a big time property investor. Many of these newly minted investors have an unshakable view of the property market, even today.

That is so presumptous of you, he could be a big time property investor. Many of these newly minted investors have an unshakable view of the property market, even today.

I purposely poke poke a bit mah.
You know me lah.
Dont poke how he show color?

Muayhahahahahaha.

If prices drop, Agent no need to kancheong lah.
In fact if prices drop even better. Easier to sell and more buyers come in.
Much better than stalemate situation right?

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Price drop, buyers will expect further drop, so very few will commit mah. sellers also buay gam give big discounts.

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price go up, buyers scared price is topping and due for correction. Sellers think they lugi if never ask higher price

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haiz.. no business no sales to close, i think i better go bintan and jiak hong for a month then come back..� [laugh]

aiya end of the day int rate remain like it is now, no fire sale widespread wil hap. for the investm type, at most price war to get tenant,�as long not out of pocket too much�to�maintain mthly�instalments, these profile pple wil cont to hold in view of capital appreciation. �

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as of now, nothing changes. those tic tac economy news wont sway the mkt. money printing wil cont to hold the economy. so the most visible effects wil b fr int rate increase, the 100k new units to TOP and of cos no 6.9M (tsk tsk�hehe).�

Drop or not drop, it seems prices not gonna go up much longer. So, no rush.

CDL is going to cry papa cry mama in mass media liao

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CityDev struggling to sell its posh projects

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Blame it on property cooling measures
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Things are getting uglier in Singapore's property market as City Development is finding out. The number of unsold projects for its high-end luxury segment remains a concern despite having stable sales in the mass-mid segments.

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According to CIMB, in the rental market, recent media reports have suggested that South Beach Tower is in discussions with numerous occupiers that could potentially bring the pre-commitment to over 60%, though no signing rents have been disclosed. CIT previous guidance indicated that enquiries at about S$9 psf/mth have been received.�

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Here's more:

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During the quarter, due to the series of property cooling measures and the Total Debt Servicing Ratio (TDSR), sales of existing projects launched last year have slowed.�

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For the rest of the year, further contributions from other pre-sold projects, including D�Nest (94% sold), Jewel Buangkok (83% sold) and Blossom Residences, are expected to support its earnings. The sale of the development project, Coco Palms � the last parcel of land within Pasir Ris Grove, will commence on 17 May 14.

Edited by Wt_know, 15 May 2014 - 08:46 PM.

CDL is going to cry papa cry mama in mass media liao

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CityDev struggling to sell its posh projects

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aiyoh, make money quietly smile by one corner

cannot sell, cry father cry mother.

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cut the price lah,simple as that.

singapore property market is like CHC and MLM, fueled by dreams to get rich in a short time.
no wonder these organisations can thrive, sibei gullible.

Every red flag is flashing and staring in their faces, and they still cannot wake up.

Young impressionable weak teenagers, i can still understand.
Oh well.

Buy if in need and to your true financial capability.

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bringing it up

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Was reading my fave ST just now and it was reported that Until today, D'Leedon has one third unsold and sky habitat has two thirds unsold ......so basically Developers just tong.....but no matter how you tong, this market is going nowhere with such measures in place.

Good luck developers!

So the impact of rising rates will be far greater than we think.

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reminder

No need black swan, already up lorry lah.

In fact its the opposite, we need a black swan event for the market to remain steady.
Everything simply points south, no question about it.

Its whether the "experts" dare to say it out loud or not.

Now they have with this still muted report.

The last paragraph, agent head still say , if drop 5 - 8% govt may remove CM....KNN they still dont get it.
The Govt wants it to drop 10% at least from current.

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repeat

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Once developers clear 60-70% stock, they are in the black already. Moreover, what used to take 3 years to sell in the past can be achieved within 6mths to a year now.

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Hence less pressure for developers to lower prices beyond a cursory 5%

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Mass mkt prices are tied to a certain extent to HDB prices. However, developers are reducing areas smaller and smaller to allow for PSF to continue on a marginal growth path.

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I went to nine residences in yishun to kaypoh. Sales rate not very good. But I was surprised that all the 4 bedrooms were sold, and even 5 bedrooms were sold as well.. it was the smaller units that couldnt move.. occupier demand is still very strong it seemed.

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wah this one confirm agent talk

This topic started only 20 Aug lah
We didnt predict a crash but there presents such a risk in the 12mth to 18mth horizon.
What we predict is a downward movement of prices across the general broad market and thats what happened. We further predict prices to drop further.

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aiyoh, so zhun ah?

Coco palms sound like sexy massage joint

The direction of the market is clear
It's the magnitude of the move and how quickly it happens that i am more concerned with...

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this i say again

just wondering, how all those developments that people were talking couple of months ago doing?

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like what tembusu lah, hilford lah, funny funny ones lah....

all sold or not har ?

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that time some people say the showflat very crowded, many checks submitted leh....

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got any updates?

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wah this one confirm agent talk

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yes sir, i is agent

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Now to more uplifting news for me..

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price drop 2% and buyers all come in and bite ah! Wow $1,318 psf in jurong is cheap!

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� � Competitively-priced units boost April's new private home sales

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PUBLISHED ON MAY 15, 2014 2:16 PM

�6�16�0�0PRINTEMAIL

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Buyers at the 695-unit Lakeville condominium showflat. -- ST PHOTO:�NG SOR LUAN

BY CHERYL ONG

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More buyers snapped up new private homes last month, as developers priced their units competitively to cope with the softening market.

Developers sold 745 new units last month, up 55.2 per cent from 480 in March, according to Urban Redevelopment Authority (URA) figures released on Thursday.

This exceeded the 586 new homes being launched for sale in April, which was also a slight increase from the 724 units that were launched in March.

The top seller was MCL Land's 696-unit Lakeville in the Jurong Lake District, which moved 210 units in March at a median price of $1,318 per sq ft (psf).

last time people hear jurong ar, what factory?

now jurong is the new CBD ... no $1300psf no talk ... huat ah!

anything below J Gateway $2000psf is considered sibei cheap ar ... lol ....

in spore inc, every inch of land is like orchard road and marina bay ... muahahaha

Edited by Wt_know, 16 May 2014 - 09:44 AM.

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this i say again

just wondering, how all those developments that people were talking couple of months ago doing?

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like what tembusu lah, hilford lah, funny funny ones lah....

all sold or not har ?

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that time some people say the showflat very crowded, many checks submitted leh....

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got any updates?

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all those old developments are forgotten. who cares if tembusu still have 100 units unsold? If next door launch a new one now at the same price, people will all still rush in and grab (the small and cheap cheap ones lah)

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come come i give u some latest updates:

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Coco plams:

last time people hear jurong ar, what factory?

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jurong is the new CBD ... no $1300psf no talk ... huat ah!

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anything below J Gateway $2000psf is considered sibei cheap ar ... lol ....

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wah! below $2,000 psf is cheap? so it's true, that jurong is the new D9

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waiting for woodlands and punggol and tampines to also transform into the new D9 ,10 ,11

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Edited by Wyfitms, 16 May 2014 - 09:29 AM.

And if the retail buyers are priced out of the super expensive SG suburban condo, they can always park their cash into neighbouring malaysia�

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showflat empty? i think developers should build bigger showflats LOL

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ok ... conclusion is sporeans are fking rich?

Edited by Wt_know, 16 May 2014 - 09:45 AM.

ok ... conclusion is sporeans are fking rich?

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yeah, so much cash in SG

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it would take a lot more properties to soak up the cash before showroom goes quiet

waiting to jiak free buffet and ice cream in showflat

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let me know where got free lunch ok?

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waiting to jiak free buffet and ice cream in showflat

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let me know where got free lunch ok?

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nowadays have already

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attend seminars, and comes with free high tea

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or if more high class, can attend those organized by international consultants, they offer hotel buffet dinner with wine too�

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yeah, so much cash in SG

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it would take a lot more properties to soak up the cash before showroom goes quiet

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so much cash?? hard truth is so much debt.....

go around shopping malls, many shops already closed....more to come...

globally today, crashing on the way....US GDP in negative, growth?? with all he printed $$ in last 5 yrs, debt is >US$17 trillion, once rate hike, how to pay back?? already lost as petrol $, next will be reserved �trading currency also gone....

Europe shrink to deflation & bail in on the way....china property is bursting now, Japan is dying, needless to talk...

war everywhere....pandemic spreading fast....

hahaaaa.....in few months, global will look totally different from now....all has to pay back wan...will wee global economy down in next 10-20 yrs....coming property down trend is a 60 yrs down, not a straight line down, you will not see higher high anymore, only lower low....

property down in next 60 yrs.....:) :)

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so much cash?? hard truth is so much debt.....

go around shopping malls, many shops already closed....more to come...

globally today, crashing on the way....US GDP in negative, growth?? with all he printed $$ in last 5 yrs, debt is >US$17 trillion, once rate hike, how to pay back?? already lost as petrol $, next will be reserved �trading currency also gone....

Europe shrink to deflation & bail in on the way....china property is bursting now, Japan is dying, needless to talk...

war everywhere....pandemic spreading fast....

hahaaaa.....in few months, global will look totally different from now....all has to pay back wan...will wee global economy down in next 10-20 yrs....coming property down trend is a 60 yrs down, not a straight line down, you will not see higher high anymore, only lower low....

property down in next 60 yrs.....:) :)

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you are right, all debts have to be paid back

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just that it won't be now LOL�

And if the retail buyers are priced out of the super expensive SG suburban condo, they can always park their cash into neighbouring malaysia�

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showflat empty? i think developers should build bigger showflats LOL

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i thk u shld know by now more than half the cars in showflat carparks belong to agents, & the "crowd" more than half are agents. They purposely make a small showflat n fill it up w agents n freeloader friends in plain clothes to create atmosphere of panic buying. Witnessed it many times over.

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Same for car showrooms, half the "customers" are there just to eat the free food...
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Edited by Duckduck, 16 May 2014 - 10:27 AM.

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i thk u shld know by now more than half the cars in showflat carparks belong to agents, & the "crowd" more than half are agents. They purposely make a small showflat n fill it up w agents n freeloader friends in plain clothes to create atmosphere of panic buying. Witnessed it many times over.

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Same for car showrooms, half the "customers" are there just to eat the free food...
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perhaps true for other agencies

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but for my agency such tricks are not used. agent cars are not allowed to be parked at showflat�

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i have never been asked by any project head to bring in friends or fillers to create panic buying, it is simply not necessary over the past 5 yrs. (maybe during the property lull period)

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Of course, having a packed showflat doesnt mean high sales as most could be there to be kaypoh only

Thanks for playing along
All this news doesnt say much to me.
I am not in that segment anyway.
All the merrier if idiots want to buy jurong at $1300, 1500, 1700...

I am only a stupid table wiper right down the foodchain below agents, car dealers, etc... Plse dont take it to heart.

But as a fellow forumer, good to hear you are doing well Wyfitms.

last time people hear jurong ar, what factory?
now jurong is the new CBD ... no $1300psf no talk ... huat ah!
anything below J Gateway $2000psf is considered sibei cheap ar ... lol ....
in spore inc, every inch of land is like orchard road and marina bay ... muahahaha

Dont be like that lah, give some face.

Edited by Throttle2, 16 May 2014 - 10:50 AM.

Here is Tembusu caveats lodged....
Supposedly will be fully sold.

Look at the price dive.....
Pity those who paid $400psf more.
Sigh....

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Here is Tembusu caveats lodged....
Supposedly will be fully sold.

Look at the price dive.....
Pity those who paid $400psf more.
Sigh....

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400psf? that's 25% off from launch price. I don't think there is such a big discount.

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looking at the 474sf unit, the psf price still the same

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624 sf units are studio with PES if i am not mistaken hence the $1,200 psf

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anyway, what do i know? i'm even lower in the food chain than u.. above me got consultant, contractor, architect, project manager, developer, banks. Even walk-in kaypoh people also treat me like pest

Thanks for playing along
All this news doesnt say much to me.
I am not in that segment anyway.
All the merrier if idiots want to buy jurong at $1300, 1500, 1700...

I am only a stupid table wiper right down the foodchain below agents, car dealers, etc... Plse dont take it to heart.

But as a fellow forumer, good to hear you are doing well Wyfitms.

Dont be like that lah, give some face.

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thanks for your well wishes. this forum is for friendly banter, nothing to take to heart

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not sure if i can considered to be doing well, i am expecting to change job to sell insurance next year� [:)]

as fas as i see, the price dive is really for huge unit that reaching/crossing $2M and the low floor units particularly with PES ... sibei huge PES for what ... each pot of plant cost a lot of $$$ ... lol

Edited by Wt_know, 16 May 2014 - 11:24 AM.

as fas as i see, the price dive is really for huge unit that reaching/crossing $2M and the low floor units particularly with PES ... sibei huge PES for what ... each pot of plant cost a lot of $$$ ... lol

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in case u wanna grow farm mah then save $ on vegetables lol

Ppl�are rich and they can't wait to get hold of a unit.

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Who benefits?

Garmen - sold land off to developers

Developer - sold unit to buyers

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Well, a buyer can only make money when demand is there, so will have to wait for 6.9 million ppl coming in .... in 10 years time

I urge you guys to go buy now.....please......prices are ok, duties are ok, loan is ok , just clear your cash.

and clear the path for me too.....hee hee hee.

it's like a giant MLM ...

everyone makes money as long as there are "newcomers" feed money into the system

�

Ppl�are rich and they can't wait to get hold of a unit.

�

Who benefits?

Garmen - sold land off to developers

Developer - sold unit to buyers

�

Well, a buyer can only make money when demand is there, so will have to wait for 6.9 million ppl coming in .... in 10 years time

�

price drop 7% will dilute the pain of ABSD

�

BAD ADVICE .... LOL

�

I urge you guys to go buy now.....please......prices are ok, duties are ok, loan is ok , just clear your cash.

and clear the path for me too.....hee hee hee.

�

Edited by Wt_know, 16 May 2014 - 12:05 PM.

Here is Tembusu caveats lodged....
Supposedly will be fully sold.

Look at the price dive.....
Pity those who paid $400psf more.
Sigh....

�

Where got price dive?

�

When sorted according to floor range or area, psf seems consistent leh.

�

Where got price dive?

�

When sorted according to floor range or area, psf seems consistent leh.

�

got lah

�

dived 3%

�

got lah

�

dived 3%

3% = 400psf???

3% = 400psf???

�

reality is that the price dived 3% to entice people to buy

�

$400 psf came about when people compared transacted PSF price of units with PES and those without� [laugh]

�

nowadays have already

�

attend seminars, and comes with free high tea

�

or if more high class, can attend those organized by international consultants, they offer hotel buffet dinner with wine too�

�

don't want to sit in seminars lah

�

just want to pretend interested in showflat�

�

then get a free meal for the whole family...can?

�

cannot even afford hawker centre food already

�

[bigcry]

�

don't want to sit in seminars lah

�

just want to pretend interested in showflat�

�

then get a free meal for the whole family...can?

�

cannot even afford hawker centre food already

�

�

no free lunch lah

�

want to eat free food, then have to pay with your time.. listen to whatever the sponsors have to say

�

if u don't want to listen then just come one hour late for the seminar. Food should still be available� [laugh]

�

no free lunch lah

�

want to eat free food, then have to pay with your time.. listen to whatever the sponsors have to say

�

if u don't want to listen then just come one hour late for the seminar. Food should still be available�

�

never mind

�

i stick to car showrooms for now

�

the coffee and hot chocolate there nowadays also quite nice

�

still can go for joyrides

�

For the first time since the turn of the century, economic fortunes in the West and East have reversed, and Asian property investments are finally losing some of its glitter and shine.

This view comes from Pacific Star Group�s recent�2014 Asian Property Outlook and Strategy�(APOS) report, where the investment house notes how the composition of global growth has shifted from emerging economies to developed economies with stronger recovery momentum. Investors have also flocked to developed countries that offer attractive entry points�

Pacific Star Group views the reversal of growth prospects and investment activity is a natural progression as Asia comes of age. The Group expects sustainable growth in Asia to be driven by economic integration, urbanisation and rising incomes.�

Commenting on the report Lam Chern Woon, Pacific Star�s Vice President of Research and Strategic Planning, said: �We see little reason to alter our positive long-term prognosis of Asian real estate markets.�

�After an extended period of stellar growth, Asia has entered a consolidation phase in the near term. It is thus paramount to identify the growth opportunities before the markets pick up. Investors should actively lock themselves onto Asia�s long term growth potential while keeping an active lookout for opportunities that are in line with the trends playing out.��

Pacific Star recommends a core satellite investment approach where core investments will track the region�s medium term growth prospects, while well-executed opportunistic investments will help bolster risk-adjusted returns.�

Asia may no longer be an investment green field, according to the company, but pockets of opportunities remain. In particular, the senior and youth population are rising in dominance. Opportunities in both segments are largely untapped and successful first movers will unlock a new paradigm of real estate investment in Asia.�

The report highlighted that the greying demographics in the region could see a greater number of retirement communities being developed to cater to this segment�s rising affluence and desire for an independent and active lifestyle. Such communities have been well received in the U.S. and Europe and the success could be replicated in Asia Pacific countries, where the concept is still relatively new.�

Youths in the new era are different from previous generations given rising affluence, educational standards and exposure to globalization and technology. Retailers should adopt a careful mix of online marketing strategies, and focus on designer and new-to-market brands to engage this segment.�

Developers can meet the desire for convenience, differentiation and experience by providing innovative mixed-use developments while keeping the quantum affordable.�

Using its Property Drivers Framework, which seeks to establish the attractiveness of real estate� sectors across Asia by scoring them along various macroeconomic and real estate indicators. Pacific Star�s top recommendations for strategic investments include:�

Quality office assets in Hong Kong, Singapore and Tokyo�
Besides having strong institutions, these markets are undergoing a cyclical recovery and face limited new supply in the near term.�

Retail assets in Hong Kong, Singapore and Kuala Lumpur�
International retailers will be more selective and favour established retail destinations like Hong Kong and Singapore. Kuala Lumpur, on the other hand, should benefit from continued retail interest in view of its positive demographics and resilient domestic spending. The retail pipeline in China is large, but mismanaged assets in good locations present great repositioning opportunities.�

Residential markets in Tokyo, Singapore and Hong Kong�
In the residential sector, Tokyo�s housing market is past the worst and new opportunities could surface in Singapore and Hong Kong, given strong latent demand. Mass housing development remains as a viable play given the wave of urbanization across cities.

Edited by Wyfitms, 16 May 2014 - 01:40 PM.

Just checking , who bought recently

�
�
so much cash?? hard truth is so much debt.....
go around shopping malls, many shops already closed....more to come...
globally today, crashing on the way....US GDP in negative, growth?? with all he printed $$ in last 5 yrs, debt is >US$17 trillion, once rate hike, how to pay back?? already lost as petrol $, next will be reserved �trading currency also gone....
Europe shrink to deflation & bail in on the way....china property is bursting now, Japan is dying, needless to talk...
war everywhere....pandemic spreading fast....
hahaaaa.....in few months, global will look totally different from now....all has to pay back wan...will wee global economy down in next 10-20 yrs....coming property down trend is a 60 yrs down, not a straight line down, you will not see higher high anymore, only lower low....
property down in next 60 yrs.....:) :)

Ouch... My bil lost nearly 300k on paper already.... Better don't let him see this... Hehehe

�

reality is that the price dived 3% to entice people to buy

�

$400 psf came about when people compared transacted PSF price of units with PES and those without�

�

When you toggle the area and floor range, can more or less tell its PES units.

�

They tend to bunch up together even when doing a cursory glance.

�

But some smallish developers are giving slight discounts and CapLand is the only one that sabo early buyers will their lelong pricing at D Leedon/ Sky Habitat.

holy shitttttttttt ..... will 2030 6.9M population solve this problem ... if not bring in 9.6M, can? lol ....

�

so much cash?? hard truth is so much debt.....

go around shopping malls, many shops already closed....more to come...

globally today, crashing on the way....US GDP in negative, growth?? with all he printed $$ in last 5 yrs, debt is >US$17 trillion, once rate hike, how to pay back?? already lost as petrol $, next will be reserved �trading currency also gone....

Europe shrink to deflation & bail in on the way....china property is bursting now, Japan is dying, needless to talk...

war everywhere....pandemic spreading fast....

hahaaaa.....in few months, global will look totally different from now....all has to pay back wan...will wee global economy down in next 10-20 yrs....coming property down trend is a 60 yrs down, not a straight line down, you will not see higher high anymore, only lower low....

property down in next 60 yrs.....:) :)

�

holy shitttttttttt ..... will 2030 6.9M population solve this problem ... if not bring in 9.6M, can? lol ....

�

�

�

i think better enact a new law to make it unlawful for a working singaporean adult to not own at least 2 property�

But some smallish developers are giving slight discounts and CapLand is the only one that sabo early buyers will their lelong pricing at D Leedon/ Sky Habitat.

�

hhahahah or else how to raise $ to take CMA private at a PREMIUM to their IPO few yrs ago? super retarded moves by capland recently...
�

why is everyone so scared of tapir?

�

�

hhahahah or else how to raise $ to take CMA private at a PREMIUM to their IPO few yrs ago? super retarded moves by capland recently...
�

why is everyone so scared of tapir?

�

�

I thought you always pay a premium when taking a company private? Else shareholders can just hold?

�

I thought you always pay a premium when taking a company private? Else shareholders can just hold?

�

they IPO'ed it few yrs ago n now take private... then IPO for fart? IPO at $2.12 now buyback at $2.35 = lose $ right? too much $ swirling in d wrong hands...

Edited by Duckduck, 16 May 2014 - 06:55 PM.

Trends in the last few decades have shown that economic cycles are more frequent and last shorter. And the impact concentration is regional (with varying spill over effects, extent of which depends on the scale of the downturn). As such, more are getting bolder in their spendings and plan to have enough to tide over a few years of downturn as compared to previously, when the duration of impact can be quite many years. Some argue that that's how modern economy work now. Others argue that these had been small ripples leading to the big bubble burst. As far as Sg property is concerned, the price increase over the last 5-10years was fueled by rapid and huge influx of foreigners. From 2.6m in the late 90s/early 2000s to now, close to 6m. That more than double. Do we expect the property price and population to grow like it did in the last 10 years? Is there a possibility of a market crash? Quite unthinkable for Sg. Whether you wish for the crash to happen or not, the govt will use all means to prevent it from happening. Property price drop too much, Banks get hit hard and ultimately the currency and the country. If they can help it, they will want it to keep going up, allowing occassional slight and tiny drops.

No price dive?

Tell it to the developers who are all a bit bruised from recent double digit percentage price cuts.

From a month of low sales to a month of better sales purely becos of price cut is normal. If they cut more, they sell more. Simple. And as the demand thins out, its becomes more and more a case of early bird catches the worm.

And idiots are still comparing no. of units sold between past and present as though every unit is exactly the same size in the same area.

Come on!

Wahahahahahahahah.

Edited by Throttle2, 17 May 2014 - 09:18 AM.

recently received an email from an agent

�

stating a certain development is selling at buyer's price

�

what does that mean?

�

recently received an email from an agent
�
stating a certain development is selling at buyer's price
�
what does that mean?
�
�

Thats means they wont ???? (wont hang up to sell) = very realistic motivated seller/developer

I hope my chinese is correct.

Thats means they wont ???? (wont hang up to sell) = very realistic motivated seller/developer

I hope my chinese is correct.

Thanks but too bad I not interested in that development and cannot afford.

Btw first word wrong only. 75% is good grade.

No price dive?

Tell it to the developers who are all a bit bruised from recent double digit percentage price cuts.

From a month of low sales to a month of better sales purely becos of price cut is normal. If they cut more, they sell more. Simple. And as the demand thins out, its becomes more and more a case of early bird catches the worm.

And idiots are still comparing no. of units sold between past and present as though every unit is exactly the same size in the same area.

Come on!

Wahahahahahahahah.

You quoted Tembusu and listed their caveats and say 400 psf drop mah.

You quoted Tembusu and listed their caveats and say 400 psf drop mah.

Ok my bad, but matter of time lah, wahahahaha

Ok my bad, but matter of time lah, wahahahaha

That I agree wholeheartedly. When that tsunami supply arrives, there'll be no where to hide.

After which, interest rates increases will follow but I feel this factor will be muted compared the supply issue. Central banks will move up interest rates in a synchronised manner.

it is TRUE! Price has dived 25%!!

�

Coco palm is now at a rock bottom price of just $1,100 psf!! (before discount was $1,470 psf)

�

LOL

�

Attached Thumbnails

it is TRUE! Price has dived 25%!!
�
Coco palm is now at a rock bottom price of just $1,100 psf!! (before discount was $1,470 psf)
�
LOL
�
�
�

Are you sure that is the rock bottom price already?.... If cannot move all unit how??.... Hehe...

I am sure it will go below $1000psf

wah seh! Almost 500 units sold in just one day

�

all one bedders snapped up in hours

�

ABSD? No one gives a crap abt that when the developer is offering a SUPER MASSIVE DISCOUNT of 25%!�

�

I am sure it will go below $1000psf

�

yes, i am sure you are right, just a matter of time, as you have said.� ^_^

Are you sure that is the rock bottom price already?.... If cannot move all unit how??.... Hehe...

�

cannot move then slash some more lah

�

some forumers here are predicting a 50% discount

�

Next project in woodlands will be launched at $2,000 psf. But for VVIP special preview, 50% discount will be given!!

Attached Thumbnails

i only know landlord price war coming when these mass 600-700 unit developments TOP.

Good good, thin the demand more .

Anyway, mass mass projects none of my concern.

Good that our forumer agent can huat ah!

By the way ABSD , they dont care becos quantum is so small.
Cant even buy a watch.
Quantum small, easier to sell, no need to explain.

Edited by Throttle2, 19 May 2014 - 09:49 AM.

Good good, thin the demand more .

Anyway, mass mass projects none of my concern.

Good that our forumer agent can huat ah!

By the way ABSD , they dont care becos quantum is so small.
Cant even buy a watch.
Quantum small, easier to sell, no need to explain.

�

you sound like palpatine ... :P�

i only know landlord price war coming when these mass 600-700 unit developments TOP.

�

that's a problem to think about 3-4 years down the road lah

�

maybe 6.9 m will soak it up?

�

maybe will crash?

�

maybe wont even be around to see it? Why think so far ahead?

Don't think will crash lah. At most drop another 3-5% niah.

All the news abt last weekend sales only point that ppl are still cash rich.
Paid all the downpayment in cash. And can still borrow $ even with ABSD.

So, if there is demand, supply price won't crash.

nabei up the price to $1470psf and then give 25% discount to $1100psf

might as well list it at $2000psf with 50% discount to $1000psf

i wonder if govt remove ABSD for sporean will they slash another 7% to 32% discount or said already factor in no more further discount

forget all the simi early, simi relief, simi discount ... just show me the final $psf!

�

it is TRUE! Price has dived 25%!!
Coco palm is now at a rock bottom price of just $1,100 psf!! (before discount was $1,470 psf)

LOL

�

7% x $500,000 = $35,000 .... can buy a gold sub liao still got spare change [:)]

�

Good good, thin the demand more .
Anyway, mass mass projects none of my concern.
Good that our forumer agent can huat ah!
By the way ABSD , they dont care becos quantum is so small.
Cant even buy a watch.
Quantum small, easier to sell, no need to explain.

�

Edited by Wt_know, 19 May 2014 - 10:23 AM.

nabei up the price to $1470psf and then give 25% discount to $1100psf

might as well list it at $2000psf with 50% discount to $1000psf

i wonder if govt remove ABSD for sporean will they slash another 7% to 32% discount or said already factor in no more further discount

forget all the simi early, simi relief, simi discount ... just show me the final $psf!

�

�

�

Final PSF has been the same all these while.�

�

Unfortunately, people cannot accept reality.. have to tell them that the price already got 25% discount then they will smile and buy

a very good move for 1 day sale,� i must say [thumbsup]

�

Coco Palms, a joint venture between CDL and Hong Realty (Pte) Ltd, sold about 490 units at an average price of $980 per square foot (psf) as at 3pm yesterday. The number of units sold represents 82 per cent of the 600 units available at the weekend launch, or 52 per cent of the 944 units in the entire development.

�

�

Final PSF has been the same all these while.�

�

Unfortunately, people cannot accept reality.. have to tell them that the price already got 25% discount then they will smile and buy

�

Edited by Wt_know, 19 May 2014 - 11:14 AM.

wait in future u tell taxi drive go coco palms he bring u go geylang

this message is for T2 ... a-na-li-sis says one ... lol

i guess bukit batok, loyang, jurong and sembawang is not T2 cup of tea ehh ....
�

Falls in landed home prices 'may ease'
Short supply of such properties likely to cushion price decreases: Analysts

Published on May 12, 2014 1:40 AM

By Melissa Tan

A SEVERELY limited supply of landed homes may help their prices hold up better this year compared with condominiums.

Analysts say although landed home prices have fallen over the past few quarters owing to generally poor market sentiment, the segment's slowdown could ease off this year and even bottom out.

They tip landed home prices to fall by 2 to 6 per cent this year, less than the 5 to 8 per cent tumble predicted for the overall private property market.

"Genuine landed home buyers could come back in the second half of this year as prices bottom out," said Mr Jeffrey Hong, chief executive of real estate firm GPS Alliance. "The current situation offers them a window of opportunity to get into the market."

Mr Hong said that buyers may be able to pick up bargains in suburban areas such as Bukit Batok, Loyang, Jurong and Sembawang.

Although landed home prices fell in tandem with the overall housing market in the first quarter this year, their decline was gentler.

Landed home prices slid 0.7 per cent in January until March from the preceding quarter, the Urban Redevelopment Authority said last month. Overall, private home prices dropped 1.3 per cent in the same period.

The decline in landed home prices in the first quarter was also smaller than their 1 per cent fall in the fourth quarter last year.

Analysts said that the scarcity of landed homes in Singapore would likely cushion their price decreases.

Terraced houses, in particular, may see more demand since their overall prices tend to be lower than those of semi-detached houses or bungalows, they added.

SLP International research head Nicholas Mak noted that landed homes make up a mere 3.2 per cent of the estimated 76,300 private homes that are expected to be completed between this year and 2017.

"This indicates that the prices of landed homes could increase rapidly again when property prices recover in the future."

Mr Hong also noted that some landed properties could be acquired for redevelopment into cluster housing or apartments, meaning that landed housing could get rarer.

Government land sale sites zoned for landed housing are very rare, he added.

Mr Mak observed that landed home prices have historically tended to be "more robust" than non-landed home prices.

Their prices climbed more compared with that of non-landed homes during the property market boom from the second quarter of 2009 to the middle of last year, he said.

"The strong price growth of landed homes was partly driven by the arrival of new rich immigrants," Mr Mak said.

"Some of them became Singapore citizens which qualified them to buy landed homes."

The boom ended after tough home loan restrictions were imposed in June last year, capping the sum that buyers could borrow to buy property.

But even after that, landed home prices fell less than non-landed home prices from October last year to March this year, Mr Mak said.

Analysts noted, however, that landed home rentals could weaken further.

"Landed homes typically do not command a good rental yield (unlike) most condos," Mr Hong said.

He tips that rents could fall 5 to 8 per cent this year.

Edited by Wt_know, 19 May 2014 - 12:03 PM.

�

that's a problem to think about 3-4 years down the road lah

�

maybe 6.9 m will soak it up?

�

maybe will crash?

�

maybe wont even be around to see it? Why think so far ahead?

�

wah if they really never think so far then hong gan liao, bubble wil POP then heheh

�

at least if they stil bank on 6.9m hope, then stil something in it for them.

�

i thk very far....occupational hazard....pai mia sia...

�

wah if they really never think so far then hong gan liao, bubble wil POP then heheh

�

at least if they stil bank on 6.9m hope, then stil something in it for them.

�

i thk very far....occupational hazard....pai mia sia...

�

hes prop agent lah wat else will he say? hes just doing his job.

�

sorry but agents commissions drop if no transactions so its his job to create deals mah

Edited by Duckduck, 19 May 2014 - 12:24 PM.

wait in future u tell taxi drive go coco palms he bring u go geylang

�

I waiting for Coco Palms to become Coco Nuts.

�

hes prop agent lah wat else will he say? hes just doing his job.

�

sorry but agents commissions drop if no transactions so its his job to create deals mah

ya ya fr this thread, i realised he is prop agent. too bad or not, i dun thk i wil ever b in this profile of buyers. but i thot last time gahmen alr say no MM units in outskirts?

this message is for T2 ... a-na-li-sis says one ... lol
i guess bukit batok, loyang, jurong and sembawang is not T2 cup of tea ehh ....
�

Analysts ? pwui!

I only trust myself when it comes to this.

�

I waiting for Coco Palms to become Coco Nuts.

�

come come, let me know which one you are interested in

�

I can give you 45% discount (after i mark up the prices first)

�

Attached Thumbnails

Excellent job.
You hv proven again what all car dealers and property agents are about, wyfitms.

Go on thinking that every buyer is an idiot, attracted purely by the percentage of discount and not the actual price they are paying
Go on treating your clients as fools, there are many but the number is shrinking.

Well done! Just dont forget to put your money where your mouth is.
Otherwise how are you going to participate .
Surely not by plain talking, right?

Attached Thumbnails

Question. How is the occupancy at recently TOP'd condos?

�

I ask because I pass by The Interlace regularly in the evenings and it still seems to be a ghost town, very few lights on. Is this the norm nowadays with new TOPs?

Excellent job.
You hv proven again what all car dealers and property agents are about, wyfitms.

Go on thinking that every buyer is an idiot, attracted purely by the percentage of discount and not the actual price they are paying
Go on treating your clients as fools, there are many but the number is shrinking.

Well done! Just dont forget to put your money where your mouth is.
Otherwise how are you going to participate .
Surely not by plain talking, right?

�

i think u actually give too much credit to salesman like me. I'm not qualified to give any advice, nor do i have any power to give discount or set the marketing strategy.�

�

i'm just here to open the door and help buyers to photocopy NRIC and collect their cheques then shake their hands and congratulate them

�

No money to put into anyone's mouth. You are right that i go by plain talking only, very low skillset, reflected by the peanut that i am paid with� [:)]

Question. How is the occupancy at recently TOP'd condos?

�

I ask because I pass by The Interlace regularly in the evenings and it still seems to be a ghost town, very few lights on. Is this the norm nowadays with new TOPs?

�

depends on which estate you go to..

�

some 80%, some 50%

�

go to high end ones maybe vacancy higher

�

industrial also bad, some 90% vacant� [:)]

Edited by Wyfitms, 20 May 2014 - 01:43 PM.

i just search The Interlace in propertyguru.com.sg - total 63 pages !

look at photos ... all are empty unit unrenovated and ready to let go

huat ah!

�

Question. How is the occupancy at recently TOP'd condos?

�

I ask because I pass by The Interlace regularly in the evenings and it still seems to be a ghost town, very few lights on. Is this the norm nowadays with new TOPs?

�

Edited by Wt_know, 20 May 2014 - 01:47 PM.

�

i think u actually give too much credit to salesman like me. I'm not qualified to give any advice, nor do i have any power to give discount or set the marketing strategy.�

�

i'm just here to open the door and help buyers to photocopy NRIC and collect their cheques then shake their hands and congratulate them

�

No money to put into anyone's mouth. You are right that i go by plain talking only, very low skillset, reflected by the peanut that i am paid with�

�

depends on which estate you go to..

�

some 80%, some 50%

�

go to high end ones maybe vacancy higher

�

industrial also bad, some 90% vacant�

�

600k?? thats a lot you get paid ..

i just search The Interlace in propertyguru.com.sg - total 63 pages !

look at photos ... all are empty unit unrenovated and ready to let go

huat ah!

�

�

�

�

open listing ma. sometimes 30-40 agents can be advertising just 1 property.

�

600k?? thats a lot you get paid ..

�

open listing ma. sometimes 30-40 agents can be advertising just 1 property.

�

600K? very hard to achieve, as some pointed out, there are many fools, but the number is shrinking� [:)]

come come, invest into the land of opportunity!

�

S'pore third as City of Opportunity

�

May 20, 2014�

�

Singapore has been ranked third � up four positions from last year � in PwC�s sixth edition of its�Cities of Opportunity�report.

For the first time, London posted the highest score in the 30 cities studied by PwC. The U.K. capital is the only city to finish first in three of the 10 indicators - economic clout, city gateway and technology readiness, a category it ties with Seoul - and was followed by New York and Singapore.�

The study showed that top ranked cities embody the energy, opportunity and hope that draw people to city life. High performing cities also find the right balance between social and economic strengths in a world being quickly shaped by inescapable global trends.

Moving up four spots from the last edition, Singapore took third place overall and finishes first in two indicators - ease of doing business and transportation and infrastructure.�

Despite not having a top rank in any indicator, New York continues to show strong consistency across most of the categories. Rounding out the top five cities are Toronto and San Francisco.

�Changing demographics, shifts in economic power and the concepts of urbanization being realised are the forces taking the world in a new direction,� said Bob Moritz, PwC's U.S. Chairman and Senior Partner.�

�Cities are increasingly competing for talent and are working hard to capture the promise of growth from the many opportunities in today�s rapidly changing world. As a result, people are looking for more potential for personal opportunity while demanding critical elements to increase quality of life. It�s the top ranking cities in this year�s study that are demonstrating the foresight that is needed to adapt, stay competitive and thrive for a sustainable positive future."

Cities of Opportunity 6�also highlighted the increasing competitiveness of emerging cities across several key indicators. Beijing, which ranked 19th, finishes in the top three in both the city gateway and economic clout categories, while Seoul is top in technology readiness and is the only emerging city to reach the top 10 in the ease of doing business indicator. Seoul and Buenos Aires also break into the top three for transportation and infrastructure, while Johannesburg is in the top three for cost.

The full report is available at�http://www.pwc.com/cities.�

The methodology for�Cities of Opportunity�is based on publicly available data, using three main sources: global multilateral development organisations such as the World Bank and the International Monetary Fund; national statistics organisations, such as National Statistics in the UK and the Census Bureau in the U.S.; and commercial data providers. The data was collected during the third and fourth quarters of 2013. Besides adding Jakarta, Nairobi, and Rio de Janeiro to the study, PwC also replaced Abu Dhabi with Dubai which brought the study to 30 cities total, the largest to date. The scoring methodology was developed to facilitate transparency and simplicity for readers, as well as comparability across cities.

�

�

600K? very hard to achieve, as some pointed out, there are many fools, but the number is shrinking�

come come, invest into the land of opportunity!

�

�

dunno .. you said you get paid peanuts ma ...

�

iirc, someone once said $600k is peanuts ;)

�

dunno .. you said you get paid peanuts ma ...

�

iirc, someone once said $600k is peanuts ;)

�

those are high calibre people

�

my peanut is really peanuts [laugh] ��

looks like May make it as 6-month High!, thanks to a spectacular 500 units sale in one day at coco palm!

�

Singapore Home Sales at Five-Month High Amid Declining Property Prices

By�M Rochan�
May 15, 2014 12:54 BST
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singapore-residential-condo.jpg?w=660&h=

A file photograph of a residential condominium project in Singapore.Reuters

Home sales in Singapore, Asia's second-most expensive housing market, struck a five-month high in April amid declining property prices, according to government data.

Home sales in April rose to 745 units, the highest since 1,271 in November 2013, according to data from Singapore's Urban Redevelopment Authority (URA).

Home sales jumped 55% over March 2014 but dropped 46% when compared to April 2013's figures, data showed on 15 May.

Realty firms managed to sell more than the 586 units marketed, as home buyers rushed to make bookings amid falling prices.

"It's an improvement as developers sold more units than they launched last month," said Nicholas Mak, an executive director at SLP International Property Consultants in Singapore.

"That's a good sign because it shows they are cutting their inventory of unsold units." Mak told Bloomberg.

Prices of private residential properties fell by 1.3% in the first three months of 2014, following a 0.9% dip in the preceding quarter, URA�data showed on 25 April.

Rental Discrimination

Several landlords in Singapore refuse to rent homes to mainland Chinese and Indians and the so-called rental discrimination has reportedly become a rising menace in the small but wealthy city-state.

The issue appears more common with less expensive properties and on property rental sites where content is posted directly by users, the Online Citizen reported.

Singapore is an ethnically diverse nation, comprising 74% Chinese, 13% Malay, 9% Indian and 3% from other groups,�according to official data.

Nine out of 10 Singaporean households own their homes,�according to government data. As such, a sizeable chunk of renters are foreigners.

Most Expensive City

Singapore has become the most expensive city in the world to live in following rise in house prices after an influx of foreign workers boosted the island's wealth and demand for homes.

According to a February Economist Intelligence Unit report, entitled The Worldwide Cost of Living Survey, a strengthening of the Singaporean dollar also pushed the country to pole position as the expansion of the republic's financial industry contributed to the country's wealth.

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Not a single resale transaction this year! Market dead man.

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Or is everyone saving bullets to buy new? even if price is 30% more? � [:)]

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Slow resale activity in Tiong Bahru

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With buyers looking forward to Keppel Land�s upcoming 500-unit condominium along Kim Tian Road in Tiong Bahru, there was not a single resale transaction recorded at the nearby existing condominiums since the start of the year.

According to media reports, the 99-year leasehold Highline Residences is expected to be launched in late June, with prices ranging from $1,700 to $1,900 psf.

It will be next to three completed developments -- Central Green, Regency Suites and Twin Regency, where there has been an absence of resale activities in the past few months, based on caveats submitted to the Urban Redevelopment Authority (URA).

Completed in 1995, the 412-unit Central Green saw its most recent resale transaction in December 2013, when a 1,292 sq ft unit was sold for $1.73 million ($1,339 psf). Average rents at the 99-year leasehold project reached $4.05 psf per month in the last six months.

As for the Regency Suites, its latest resale deal was in August 2013, when a 980 sq ft unit was sold for $1.63 million ($1,664 psf). Units at the 84-unit freehold project also yield a higher average rent of $4.82 psf per month.

Finally, the 234-unit Twin Regency witnessed its most recent resale activity in July 2013, when a 1,227 sq ft unit was transacted for $2.15 million ($1,752 psf). The freehold project also has the highest average rent of $5.18 psf compared to the other two.

Meanwhile, the outlook for property in Tiong Bahru appears promising due to its scarce supply of new homes and convenient city fringe location, according to experts. Expatriates also find the area appealing thanks to its vibrancy.

Ong Kah Seng Research Director at R'ST, said, �The character of Tiong Bahru is very unique, with a mix of older and new apartments, eateries, shops and some old-world charm, setting it apart from areas that are too similar in housing forms.�

However, resale prices of the newer completed condos there could drop to about $1,550 psf by year-end, given the sluggish resale market, he added.

Image: Tiong Bahru (Source: Wikimedia Commons/User: Sengkang)

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i think u actually give too much credit to salesman like me. I'm not qualified to give any advice, nor do i have any power to give discount or set the marketing strategy.�
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i'm just here to open the door and help buyers to photocopy NRIC and collect their cheques then shake their hands and congratulate them
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No money to put into anyone's mouth. You are right that i go by plain talking only, very low skillset, reflected by the peanut that i am paid with�

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depends on which estate you go to..
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some 80%, some 50%
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go to high end ones maybe vacancy higher
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industrial also bad, some 90% vacant�

Did you say new TOP industrial property has vacancy rate as high as 90%? If true, i better readjusted my portfolio soon.

Did you say new TOP industrial property has vacancy rate as high as 90%? If true, i better readjusted my portfolio soon.

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Yep

Clear cut direction is still Down.

*yawn*

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Yep

Thanks, I heard it was bad with rental hitting low of $1 psf in some locations but didn't know it is that bad.

tiong bahru price cannot stomach la ...

SRX reported best RESALE in Apr since last Oct ... huat ah!

no money liao ... all move further ... COCONUT is good ... cheap cheap ... lol

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Not a single resale transaction this year! Market dead man.

�

Or is everyone saving bullets to buy new? even if price is 30% more? �

�

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Edited by Wt_know, 20 May 2014 - 10:08 PM.

*camping*

Becos very sad, not enough cash, need prices to fall further.

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 26

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