mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 32

�
Sorry lah I edited already muayhahaha.

Hahaha 4 percent le. 1 million it would be 40k. With 40k u can get many items even a patek

Hahaha 4 percent le. 1 million it would be 40k. With 40k u can get many items even a patek

�

You have a point. Can get a Ducati full cash too

�
You have a point. Can get a Ducati full cash too

Yes why i would want to give the money to a fat old uncle somemore i don't know him hahaha

Better give to xmm or go for a holiday trip

Eh u count wrongly la

Its about 4% not 0.004%, if i buy 2-3 mio property 50k would mean nothing

Moreover what i offer is the valuation price which is 1.25m. I think thats reasonable even though house got reno but like many people said reno doesnt count into house price

�

better CYA (cover your ass)

�

porker finds you cute

�

�
better CYA (cover your ass)
�
porker finds you cute
�

I wear pamper liao, supposed to be safe from his invasion haha

MH370 now MH17 .... the insurance co insuring MAS will be jialat

�

alamak wrong post ....

�

paisei

Edited by Wt_know, 18 July 2014 - 02:06 PM.

�

better CYA (cover your ass)

�

porker finds you cute

�

�

Please stick to the topic <_< Muayhahaha

MH370 now MH17 .... the insurance co insuring MAS will be jialat

MAS more jialat

And any relevant to this thread? Lol

Oil price drop stocks drop, wonder coe drop anot

sorry ... open wrong tab ! lol

�

MAS more jialat

And any relevant to this thread? Lol

Oil price drop stocks drop, wonder coe drop anot

�

Edited by Wt_know, 18 July 2014 - 02:07 PM.

Damn c0cky sia. I already raise alot actually from my initial offer 1.15m but his price never went down.

So why you gian png, Thaikor?

So why you gian png, Thaikor?

If gian png already top up another 50k. End up get another condo but same area at better price

If gian png already top up another 50k. End up get another condo but same area at better price

Well done!

win liao lor ... say until like that

"possible" .... if not can sue?

�

Attached Thumbnails

Edited by Wt_know, 19 July 2014 - 09:09 AM.

win liao lor ... say until like that
"possible" .... if not can sue?
�

Next time Casino will say,"come and enjoy yourself, possible to win and retire in one night!"

Wahaha

I also believe it takes a certain type of person with specific personality to do well as a property agent. Just imagine if you have the luck to match a buyer and a seller, each and every time, on the first or second viewing. Collecting one percent commission from each million dollar deal. No wonder I noticed many property agents drive expensive cars.
�
We study so hard and nowadays got to work equally hard. We work like cows (gu) until end of the month to collect a pittance salary.
�
Look at these property agents show a few flats and walk abit already cry mother and cry father that very hard to earn the commission. Sometimes I want to tell them, look at the uncle and auntie cleaning plates for 8-12 hours a day and earn less than $1K each month.
�
Earning so much in such a short time, the very least these majority of property agents can do is do an honest day work. Is this asking too much?
�
This reminds me of 2nd hand car dealers. Another group of people�I would never trust. I remember buying my car, they said no accident. A few months later under the hot sun, there was fading at the boot area. Brought it to AD, the took the carpet out from the boot and show me the repairs and welding made. I brought the car back to the 2nd hand car dealer, the dealer can never be contacted or found. The rest of the staff just act blur.
�
�

No lah agents are the highest level of professionals, this includes all types of agents.
Property agent, insurance agent, car agents, travel agents and secret service agents, heeeee

And Oh wow, what car was that?

No lah agents are the highest level of professionals, this includes all types of agents.
Property agent, insurance agent, car agents, travel agents and secret service agents, heeeee

And Oh wow, what car was that?

Agent?????????? [laugh]

Maybe I have little luck with property agents, but I haven't come across one that works for my interest. Their interest always come before mine, I wonder if any property agent can truly fulfill their fiduciary duties. Agent is a misnomer, they are all businessmen.

A fiduciary duty is a legal or ethical relationship of confidence or trust between two or more parties. The two key fiduciary duties an agent owes to its principal are as follows:

a. it must not place itself in a position where its own interests conflict with those of the principal or whether there is a real possibility that will happen (the 'no conflict' rule);
b. it must not profit from its position at the expense of the principal (the 'no profit' rule).

if agent put customer benefit above all ... agent eat shit liao ... so survival instinct kick in ... need to put food on the table and send kids to school.

telling white lie is a must in agent business la ... like telling me the project is good near mrt 5 mins walking ... ninabei at least 15mins and must walk fast too. if the agent know the project near a big longkang aka river wor ... got smell at night or certain period of the month, will the agent highlight to you?

Edited by Wt_know, 19 July 2014 - 06:29 PM.

if agent put customer benefit above all ... agent eat shit liao ... so survival instinct kick in ... need to put food on the table and send kids to school.

telling white lie is a must in agent business la ... like telling me the project is good near mrt 5 mins walking ... ninabei at least 15mins and must walk fast too. if the agent know the project near a big longkang aka river wor ... got smell at night or certain period of the month, will the agent highlight to you?

Ssshhhhhh, thats living by the water. Waterfront living.....why you say longkang?

Hhhhhhheeeeeeeeeeerr

big longkang or river? muahahahaha

btw, the 2 condo projects there are Dakota Residences and Waterbank

�

Edited by Wt_know, 19 July 2014 - 08:35 PM.

Got some more near bendemeer longkang

big longkang or river? muahahahaha
btw, the 2 condo projects there are Dakota Residences and Waterbank
�
�

Dont play play hor these two development located next to MRT, even if beside is graveyard it will still sell well let alone longkang haha

Dont play play hor these two development located next to MRT, even if beside is graveyard it will still sell well let alone longkang haha

Could you all be more civilized by making it 'waterfront living' instead of longkang ?... People pay a lot for that you know... ..Hehehe

Could you all be more civilized by making it 'waterfront living' instead of longkang ?... People pay a lot for that you know... ..Hehehe

Remind me of H2O residence in sengkang, the agent said its waterfront residence but when i see the 'longkang' especially at night gimme spooky feeling haha. Now got 2-3 new condos along that fernvale and also claim as 'waterfront loving' haha

Agent??????????

Maybe I have little luck with property agents, but I haven't come across one that works for my interest. Their interest always come before mine, I wonder if any property agent can truly fulfill their fiduciary duties. Agent is a misnomer, they are all businessmen.

A fiduciary duty is a legal or ethical relationship of confidence or trust between two or more parties. The two key fiduciary duties an agent owes to its principal are as follows:

a. it must not place itself in a position where its own interests conflict with those of the principal or whether there is a real possibility that will happen (the 'no conflict' rule);
b. it must not profit from its position at the expense of the principal (the 'no profit' rule).

�

i got a guy who puts the customer interest before himself 99% of the time. worked with him when i joined (he worked with my predecessor beforehand) and is probably one of the most reliable guys we know. even rental issues with any of his tenants he will settle properly.

Wah good good

Attached Thumbnails

toa payoh ... no $1M no talk
even the hdb shops psf is higher than some orchard road shop. whack ar!

all these toa payoh, bishan, amk, property hype made any other property "looks" cheap. agent like to quote ... you know toa payoh, bishan, amk selling how much.

jurong & cck $1200psf is considered cheap liao. take it or leave it.

Edited by Wt_know, 20 July 2014 - 12:55 PM.

toa payoh ... no $1M no talk
even the hdb shops psf is higher than some orchard road shop. whack ar!

Honestly if you pay me money to live in Toapayoh i would reject.
So crowded and noisy.....awful

honestly, where is the less crowded and quiet neighbourhood in spore ... sentosa cove?

cannot afford leh ... any other choices?

Edited by Wt_know, 20 July 2014 - 01:16 PM.

honestly, where is the less crowded and quiet neighbourhood in spore ... sentosa cove?
cannot afford leh ... any other choices?

Punggol lor, punggo west hor not east haha

I think west coast still remain quiet especially around west coast park

sengkang and punggol will be the next most crowded estate

almost all new developments are targeted in punggol and sengkang

honestly, where is the less crowded and quiet neighbourhood in spore ... sentosa cove?
cannot afford leh ... any other choices?

Anywhere away from the overhyped hubs, town centres type.

honestly, where is the less crowded and quiet neighbourhood in spore ... sentosa cove?
cannot afford leh ... any other choices?

Many places not so bad.
Toa payoh is just crazy

�
i got a guy who puts the customer interest before himself 99% of the time. worked with him when i joined (he worked with my predecessor beforehand) and is probably one of the most reliable guys we know. even rental issues with any of his tenants he will settle properly.

You are lucky to meet one but then yours is probably a corporate account and is very long term in nature, he screws you once and he can say good bye to future businesses.

For my own property matters, I only trust myself as the conflicts of interest is so outright most of the time, even signing exclusive would not align our interest.

if agent put customer benefit above all ... agent eat shit liao ... so survival instinct kick in ... need to put food on the table and send kids to school.

telling white lie is a must in agent business la ... like telling me the project is good near mrt 5 mins walking ... ninabei at least 15mins and must walk fast too. if the agent know the project near a big longkang aka river wor ... got smell at night or certain period of the month, will the agent highlight to you?

�

i think people still have a lot of wrong expectations from agents.

�

Why would you even think that the agent will put your interest above himself? Would an employer really believe all his staff would put the company's interest above themselves?

�

take the agent's words with a pinch of salt, and if u suspect misrep or fraud, complain to CEA.�

big longkang or river? muahahahaha

btw, the 2 condo projects there are Dakota Residences and Waterbank

�

�

�

WOW nice river sia

�

I might be willing to pay $1,500 psf to stay there, if i have the money that is

�

Honestly if you pay me money to live in Toapayoh i would reject.
So crowded and noisy.....awful

�

wah heng your type is just marginal in SG

�

if everyone like u, i think the SG property market would have nosedived 50% today!

Sg too expensive? Look to overseas emerging markets.. more properties than money can buy

cheap cheap somemore

�

with 8% GDP growth, how to lose?�

� Growth to outweigh challenges in Asia-Pacific's emerging markets

�

Jul 18, 2014 - PropertyGuru.com.sg

�

Indonesia has been ranked as the most efficient and transparent emerging real estate market in the Asia-Pacific region, and the fifth most efficient and transparent emerging real estate market in the world.

Following Indonesia is Thailand which placed 11th overall and second in the region courtesy of impressive scoring within a number of operating conditions parameters.

The Philippines is third within Asia-Pacific and 14th overall, and scores well in a number of the property related parameters with bureaucracy levels making business relatively easy to undertake.

The findings come in Cushman & Wakefield�s second edition of its comprehensive white paper titled�Emerging and Frontier Markets: Assessing Risk and Opportunitythat evaluates four key risks and ranks 42 countries using a weighted index to determine which markets provide the best opportunity for global expansion.

Bangkok�s office market remains landlord favourable with the highest rental rents centralised in the city, according to the report. Rental rates have continually increased due to strong demand and limited supply.

Thanks to the easy access and extension of the BTS and MRT lines-as most of Bangkok�s office buildings are connected to the stations-daily commute is not affected, hence occupancy rates and rental rates continue to increase. Moreover, with the ASEAN Economic Community coming into effect in 2015, developers have been refreshing their current and future projects to attract tenants.

�Emerging and frontier markets present some of the most significant opportunities for occupiers and investors,� said John Santora, President and Chief Executive Officer of Cushman & Wakefield Corporate Occupier & Investor Services.

�The coming months will bring challenges, but the growth opportunities in most markets should outweigh the risks.�

�Adequate security plans must address the physical asset, the employees, and the company�s information,� said Raymond W. Kelly, President of Cushman & Wakefield Risk Management Services.

�The right plan and protocols begin with pre-occupancy planning and address on-site and off-site security, business continuity, crisis management, and recovery assistance.�

�

�
�

�
�
wah heng your type is just marginal in SG
�
if everyone like u, i think the SG property market would have nosedived 50% today!

Yah, my type sibei unique one.
Steady type.

Thank you

�

Sg too expensive? Look to overseas emerging markets.. more properties than money can buy
cheap cheap somemore

�

with 8% GDP growth, how to lose?

�

have u ever owned an indo property? do u know how the leasehold land title rights works there?

�

do u know how the indo court of law works there?

�

aside from the obvious FX risks, i rather buy indo property REITs giving high yield than own a physical prop there n deal with the unclear local laws.

�
have u ever owned an indo property? do u know how the leasehold land title rights works there?
�
do u know how the indo court of law works there?
�
aside from the obvious FX risks, i rather buy indo property REITs giving high yield than own a physical prop there n deal with the unclear local laws.

Buying property in Indonesia and Malaysia is like playing Russian Roulette.

�
have u ever owned an indo property? do u know how the leasehold land title rights works there?
�
do u know how the indo court of law works there?
�
aside from the obvious FX risks, i rather buy indo property REITs giving high yield than own a physical prop there n deal with the unclear local laws.

If u had indonesian citizenship its good cos most home are freehold BUT not for apartment. It is 30 years leasehold but renewable at cheap cheap price

Owned few properties in indo

Buying property in Indonesia and Malaysia is like playing Russian Roulette.

Good for people with less capital yet dun want to use REITs

Honestly if you pay me money to live in Toapayoh i would reject.
So crowded and noisy.....awful

�

Believe it or not, whenever driving pass/walking around�places like Tpy central, RedHill, Towner Rd, Bishan (around J8) those matured estate central area, I always tell oc : cant believe people are paying 6 fig cov to live here.

�

Its like I will not pay cov for more crowded living/fight for parking lot conditions.

�

In fact I even said, .....u will need to pay me to live here.........

�

have u ever owned an indo property? do u know how the leasehold land title rights works there?

�

do u know how the indo court of law works there?

�

aside from the obvious FX risks, i rather buy indo property REITs giving high yield than own a physical prop there n deal with the unclear local laws.

�

Like in Johor, if owner not there, 1 day go there, its occupied liao.....

Buying property in Indonesia and Malaysia is like playing Russian Roulette.

�

The VEP/Iskandar fiasco is a grim reminder of how Sinky got clobbered in 98.

If u had indonesian citizenship its good cos most home are freehold BUT not for apartment. It is 30 years leasehold but renewable at cheap cheap price

Owned few properties in indo

Good for people with less capital yet dun want to use REITs

�

S$50k would be able to get a 2-storey house in places such as Kuningan and outskirts of Cirebon.

�

Good place to retire.

�
S$50k would be able to get a 2-storey house in places such as Kuningan and outskirts of Cirebon.
�
Good place to retire.

Not kuningan and sure ugly and small house lol

Now price rise very sharp

Buying property in Indonesia and Malaysia is like playing Russian Roulette.

�

�

With a bazooka?

�

With a bazooka?

�

�

�

Wahahahaha. I LOL in my office. Knn.

big longkang or river? muahahahaha
btw, the 2 condo projects there are Dakota Residences and Waterbank
�
�

Let us call longkang, a longkang
If a longkang can be called waterfront, then the HDB flats at Clementi Avenue 5 also have waterfront view.
I am referring to the one near Provost and Pandan Valley.

�
Believe it or not, whenever driving pass/walking around�places like Tpy central, RedHill, Towner Rd, Bishan (around J8) those matured estate central area, I always tell oc : cant believe people are paying 6 fig cov to live here.
�
Its like I will not pay cov for more crowded living/fight for parking lot conditions.
�
In fact I even said, .....u will need to pay me to live here......

Yeah, brother!

Edited by Throttle2, 22 July 2014 - 10:22 PM.

At least WingTai boss talk sense by saying that ABSD should be withdrawn for Singaporeans but not foreigners.....

At least WingTai boss talk sense by saying that ABSD should be withdrawn for Singaporeans but not foreigners.....

�

so many PRs complaining abt ABSD too lol...

�

i tell there will b a flood of buyers if they remove it IMO. whether this will absorb the big supply n by how much is another thing...

The RPG has a min arming distance of at least a few M. This at most will just bruise the head of the ang moh slightly.

�

�

�

The RPG has a min arming distance of at least a few M. This at most will just bruise the head of the ang moh slightly.
�
�

Bruise slightly?! It probably wouldn't explode, but I doubt the firing force is so minimal to bruise his head lightly.

Bruise slightly?! It probably wouldn't explode, but I doubt the firing force is so minimal to bruise his head lightly.

�

I think slightly faster than a tennis ball, maybe a few times faster offhand (around few hundred m/s)? Most RPG flies or rather "sails" across the air.

�

Okay maybe it will give him a concussion but probably not take his head off.

�
so many PRs complaining abt ABSD too lol...
�
i tell there will b a flood of buyers if they remove it IMO. whether this will absorb the big supply n by how much is another thing...

PR of course must continue to pay lah.

The absd for singaporeans is only 7% extra.
Removing it will obviously bring some buyers who cannot wait, into the market but it wont make any significant difference in the bigger scale of things.

The absd is not the killer CM as we all know.....

Edited by Throttle2, 23 July 2014 - 11:06 AM.

It is, cos absd must be paid in full CASH.

It is, cos absd must be paid in full CASH.

KNN lah, if dont even have full cash to pay for ABSD, plse dont buy property hor....

KNN lah, if dont even have full cash to pay for ABSD, plse dont buy property hor....

If buying second property, it would easily cost 1/4 of their downpayment

If buying second property, it would easily cost 1/4 of their downpayment

Aiyoh, how much for a $1,5mil property ?say $100k?
Cant even buy a decent conti car. Singaporeans all very cash rich one, you dont worry.
$100k is absolutely nothing to them.
Otherwise how to buy so many properties?

�

Believe it or not, whenever driving pass/walking around�places like Tpy central, RedHill, Towner Rd, Bishan (around J8) those matured estate central area, I always tell oc : cant believe people are paying 6 fig cov to live here.

�

Its like I will not pay cov for more crowded living/fight for parking lot conditions.

�

In fact I even said, .....u will need to pay me to live here.........

�

Like in Johor, if owner not there, 1 day go there, its occupied liao.....

�

The VEP/Iskandar fiasco is a grim reminder of how Sinky got clobbered in 98.

�

Obviously people pay the premium for convenience, proximity to top schools, proximity to parents etc etc.

What's so hard to believe?

Obviously people pay the premium for convenience, proximity to top schools, proximity to parents etc etc.

What's so hard to believe?

�

Guess, i'm a laggard whose priorities are atypical.

Aiyoh, how much for a $1,5mil property ?say $100k?
Cant even buy a decent conti car. Singaporeans all very cash rich one, you dont worry.
$100k is absolutely nothing to them.
Otherwise how to buy so many properties?

Sorry har buying a car worth 100k vs giving money to gahmen 100k, which one more worth it? Tell me la lol

�

Guess, i'm a laggard whose priorities are atypical.

�

Being atypical does not a laggard make..

Those prioritites are symptoms of Singaporeantitis... [laugh]

�
Guess, i'm a laggard whose priorities are atypical.

Am with you there.
All this city living hustle bustle, convenience at doorstep, school within walking distance factors are so mass market...
Of course, not to say that they are completely without merit.
But for Toa Payoh, pay me I also wont stay.

Heeeeee.....

I also believe it takes a certain type of person with specific personality to do well as a property agent. Just imagine if you have the luck to match a buyer and a seller, each and every time, on the first or second viewing. Collecting one percent commission from each million dollar deal. No wonder I noticed many property agents drive expensive cars.
�
We study so hard and nowadays got to work equally hard. We work like cows (gu) until end of the month to collect a pittance salary.
�
Look at these property agents show a few flats and walk abit already cry mother and cry father that very hard to earn the commission. Sometimes I want to tell them, look at the uncle and auntie cleaning plates for 8-12 hours a day and earn less than $1K each month.
�
Earning so much in such a short time, the very least these majority of property agents can do is do an honest day work. Is this asking too much?
�
This reminds me of 2nd hand car dealers. Another group of people�I would never trust. I remember buying my car, they said no accident. A few months later under the hot sun, there was fading at the boot area. Brought it to AD, the took the carpet out from the boot and show me the repairs and welding made. I brought the car back to the 2nd hand car dealer, the dealer can never be contacted or found. The rest of the staff just act blur.
�
�

No disrespect sir... But I think you sound so sour towards property agents... U be one la since so simple n lucrative like what you say. Me no insurance, property agent btw.

try to really trust doctors nowadays...
I don't and usually seek at least 2 opinions..

Sorry har buying a car worth 100k vs giving money to gahmen 100k, which one more worth it? Tell me la lol

buy car!! Support your statement!

No disrespect sir... But I think you sound so sour towards property agents... U be one la since so simple n lucrative like what you say. Me no insurance, property agent btw.

try to really trust doctors nowadays...
I don't and usually seek at least 2 opinions..

�

even highly educated professionals also cannot be trusted these days... (referring to doctors hor, not agents)

�

[laugh] � [laugh]

buy car!! Support your statement!

�

car also will depreciate to nothing after 10 yrs

�

why not buy a manila condo?

�

Should still be more than the parf value after 10 yrs

�

if lucky can still rent out for a couple of hundred a month�

MORE private home owners are not making their mortgage payments on time, figures from the Credit Bureau of Singapore show.

The number of borrowers with delinquent mortgages - accounts that have not been paid for more than 30 days - hit 4,186 in May, up 20 per cent from the 3,340 a year earlier, the Credit Bureau told The Straits Times.

Delinquent borrowers comprised 0.82 per cent of private home loans in May, up from 0.7 per cent in the same month last year.

But there was a much smaller increase in the number of mortgage defaults. Banks wrote off six mortgages in the first five months of the year, a touch up from the five bad loans over the same period last year.

The Credit Bureau does not decide on the status of a mortgage, it said, but banks typically consider accounts with payments that have been overdue for 90 days or more as a defaulted loan.

However, industry players noted that the decision to repossess a property varies among banks.

Although the percentage rise in the number of delinquent accounts was more than the increase in total private home loans, experts note that the figures are not yet alarming.

Mr Alvin Liew, senior economist at United Overseas Bank, said: "It's good to pay attention to the numbers, but it's too early to conclude that this is the start of a major problem."

Loan curbs, known as the Total Debt Servicing Ratio (TDSR), were introduced in June last year to stop home buyers from overstretching themselves.

Mr Liew noted that as the figures are cumulative, there could be highly leveraged individuals who took out large loans before the TDSR was introduced.

However, given the stricter loan curbs, the situation is expected to improve, said Mr Liew.

Another possible reason behind the increase in overdue payments could be the slight rise in the overall jobless rate, which increased from 1.8 per cent in December last year to 2 per cent in March.

Mr Song Seng Wun, regional economist at CIMB, pointed out that it could be a reflection of the correction in the property market.

The number of private condominium homes completing this year is expected to hit 17,000, up from 13,150 last year.

As tenants have more options amid a softening market, owners who bought units expecting to finance them with rental income could find themselves burdened instead, Mr Song said.

Moreover, mortgages are almost fully drawn down upon the completion of a new property, bumping up the monthly payments, he noted.

This underlines the increasing number of properties that were put up for auction by banks.

Earlier reports showed that 42 mortgagee sale properties went to auction in the second quarter, the highest since the third quarter of 2009, when 63 homes were up for a fire sale.

Repayment schemes can be worked out with the bank, said Mr Joseph Wong, head of consumer credit risk at OCBC Bank, but borrowers at risk should inform the bank as soon as possible as a sign of commitment to the loan.

"Some options could include lower repayments to meet a temporary change in their financial position," added Ms Lui Su Kian, managing director and head of deposits and secured lending at DBS Bank

�
even highly educated professionals also cannot be trusted these days... (referring to doctors hor, not agents)
�
�

�
car also will depreciate to nothing after 10 yrs
�
why not buy a manila condo?
�
Should still be more than the parf value after 10 yrs
�
if lucky can still rent out for a couple of hundred a month�

If unlucky the manila condo kena tear down?

If unlucky the manila condo kena tear down?

�

if unlucky then still got land right?

�

if land also disappear, then write off your 75K lor

�

some feel it is still better than to just give 100k to govt as ABSD

�
if unlucky then still got land right?
�
if land also disappear, then write off your 75K lor
�
some feel it is still better than to just give 100k to govt as ABSD

Support ur agreement

Invest manila condo at least got chance of getting profit

Invest in ABSD, dont think will help the countrymen

Support ur agreement

Invest manila condo at least got chance of getting profit

Invest in ABSD, dont think will help the countrymen

�

well, it can still help our countrymen,. if you consider MIW as our countrymen

�

will contribute to their performance bonuses� [thumbsup]

�
well, it can still help our countrymen,. if you consider MIW as our countrymen
�
will contribute to their performance bonuses�

Countrymen still takes so much, if FT still got excuse but working for your countrymen...

Release of 2nd Quarter 2014 real estate statistics

Published Date: 25 Jul 2014

The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2014.¹�

PRIVATE RESIDENTIAL PROPERTIES�

Prices and Rentals

Prices of private residential properties decreased by 1.0% in 2nd Quarter 2014, following the 1.3% decline in the previous quarter. This was the third straight quarter of price decline.�

�

Price decline was observed across all segments of the private residential property market. Prices of non-landed properties in the Core Central Region (CCR) declined by 1.5%, following the 1.1% decrease in the previous quarter. Prices in the Rest of Central Region (RCR) declined by 0.4%, after decreasing by 3.3% in the previous quarter. In Outside Central Region (OCR), prices declined by 0.9%, significantly more than the 0.1% decline in the previous quarter (see Annexes A-1, A-2 & A-6²). Prices of landed properties declined by 1.7%, significantly more than the decrease of 0.7% in the previous quarter.

�

Rentals of private residential properties fell by 0.6% in 2nd Quarter 2014, compared with the 0.7% decline in 1st Quarter 2014 (see Annexes A-3 & A-4).

�

Launches and Take-up

Developers launched 2,843 uncompleted private residential units (excluding Executive Condominiums, ECs) for sale in 2nd Quarter 2014, compared to 1,964 units in 1st Quarter 2014 (see Annex C-1).�

�

Developers sold 2,665 private residential units (excluding ECs) in 2nd Quarter 2014, compared to the 1,744 units sold in 1st Quarter 2014 (see Annex D).

�

No new EC units were launched for sale in 2nd Quarter 2014 (see Annex F). Developers sold 154 EC units in 2nd Quarter 2014, compared to the 149 units sold in 1st Quarter 2014.

�

Resales and Sub-sales

There were 1,314 resale transactions in 2nd Quarter 2014, compared to 941 transactions in 1st Quarter 2014. Resale transactions accounted for 31.9% of all sale transactions in 2nd Quarter 2014, compared to 33.5% in 1st Quarter 2014 (see Annex D).

�

There were 139 sub-sale transactions in 2nd Quarter 2014, compared to 128 transactions in 1st Quarter 2014. Sub-sales accounted for 3.4% of all sale transactions in 2nd Quarter 2014, lower than the 4.6% recorded in 1st Quarter 2014 (see Annex D).

�

Supply in the Pipeline

As at the end of 2nd Quarter 2014, there was a total supply of 76,014³�uncompleted private residential units (excluding ECs) in the pipeline, compared to 80,261 units in 1st Quarter 2014⁴�(see Annexes E-1 & E-2⁵). Of this number, 27,024 units remained unsold as at 2nd Quarter 2014 (see Annexes B-1 & B-2). After adding the supply of 12,812 EC units in the pipeline, there were 88,826 units in the pipeline.

�

In addition, another 13,592 units (including ECs) will soon be added to the pipeline supply. These units are from Government Land Sales (GLS) sites that have been awarded to developers, but for which planning approvals had not yet been obtained as at 2nd Quarter 2014; and Confirmed List sites from the 1H2014 and 2H2014 GLS Programmes that have not yet been awarded (see Annex E-3).

�

If these units are included, there would be about 102,400 private housing and EC units in the overall pipeline supply.�

�

Based on expected completion dates reported by developers, 9,242 units (including ECs) will be completed in the second half of 2014. Overall, 20,023 units will be completed in 2014. Another 24,893 units (including ECs) are expected to be completed in 2015. In comparison, about 14,400 units (including ECs) were completed in 2013.

�

Stock and Vacancy

The stock of completed private residential units (excluding ECs) increased by 4,715 units in 2nd Quarter 2014. The vacancy rate of completed private residential units (excluding ECs) increased from 6.6% at the end of 1st Quarter 2014 to 7.1% at the end of 2nd Quarter 2014 (see Annex E-1).

�

OFFICE SPACE

Prices and Rentals

Prices of office space remained unchanged in 2nd Quarter 2014, following the increase of 0.5% in the previous quarter (see Annex A-1). Rentals of office space rose 2.8% in 2nd Quarter 2014, �following the 2.4% increase in 1st Quarter 2014 (see Annexes A-3 & A-5).

�

Supply in the Pipeline

At the end of 2nd Quarter 2014, there was a total supply of about 1.055 million sq m GFA of office space in the pipeline (see Annexes E-1 & E-2).�

�

Stock and Vacancy

The amount of occupied office space increased by 22,000 sq m (nett) in 2nd Quarter 2014, compared to the 6,000 sq m (nett) increase in the previous quarter. The stock of office space decreased by 1,000 sq m (nett) in 2nd Quarter 2014, compared to the increase of 15,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of office space at the end of 2nd Quarter 2014 fell to 9.6%, from 10.0% at the end of 1st Quarter 2014 (see Annexes A-5 & E-1).

RETAIL SPACE�

Prices and Rentals

Prices of retail space declined by 0.3% in 2nd Quarter 2014, after remaining unchanged in the previous quarter (see Annex A-1). Rentals of retail space increased by 0.6% in 2nd Quarter 2014, compared to the decline of 0.3% in 1st Quarter 2014 (see Annexes A-3 & A-5).�

�

Supply in the Pipeline

At the end of 2nd Quarter 2014, there was a total supply of 879,000 sq m GFA of retail space from projects in the pipeline (see Annexes E-1 & E-2). �

�

Stock and Vacancy

The amount of occupied retail space increased by 38,000 sq m (nett) in 2nd Quarter 2014. The stock of retail space increased by 49,000 sq m (nett) in 2nd Quarter 2014. As a result, the island-wide vacancy rate of retail space rose to 5.9% at the end of 2nd Quarter 2014, from 5.8% at the end of 1st Quarter 2014 (see Annexes A-5 & E-1).�

�

http://www.ura.gov.s...l/pr14-44.aspx#

�

Yo Sabian, so many words and numbers to read. Can you summarise a bit? any change in the direction of mkt prices? Heheh

recently, sibei many talking about cpf
how to change and reform cpf
if limit cpf for housing ... property can go fk spider liao ... muahahaha

honestly, the cpf has gone into this sorry state is hugely caused by the runaway property price
govt always talk about hot money pour into property
cpf is one of the hottest money for local to pour as much as they have into property
because there is a saying ... buy buy buy ... cpf money in cpf can see cannot touch

Edited by Wt_know, 25 July 2014 - 02:17 PM.

Yo Sabian, so many words and numbers to read. Can you summarise a bit? any change in the direction of mkt prices? Heheh

Index down again. Back log increasing. Vacancy hit 7.1%.

Like death by a thousand cuts.

Index down again. Back log increasing. Vacancy hit 7.1%.

Like death by a thousand cuts.

Oh i see.... Thanks for the summary.....

Buying property in Indonesia and Malaysia is like playing Russian Roulette.

�

except that there are 5 bullets instead of 1 [laugh] [laugh] [laugh]

�
i think people still have a lot of wrong expectations from agents.

Why would you even think that the agent will put your interest above himself? Would an employer really believe all his staff would put the company's interest above themselves?
�

Ok, at least you are honest and admitted to it. You rather sell a property low than share the sales commission with another agent with a better offer (ie taking the money and screwing your customer at the same time). Most people are aware there is no principal/agent relationship and they are just dealing with property salespeople.

Most employees' interest are aligned to those of their employers' with the setting of the correct KPIs. There is also no major conflict of interest most of the time, otherwise corporate won't survive.

Index down again. Back log increasing. Vacancy hit 7.1%.

Like death by a thousand cuts.

Prompt us when it hits 10%.

I think in some areas, it is already there.

assuming mass & high class condo project is in the range of 400-500 units

10% vacancy = 40-50 units ... can lowball & cherry pick? [laugh]

Let us call longkang, a longkang
If a longkang can be called waterfront, then the HDB flats at Clementi Avenue 5 also have waterfront view.
I am referring to the one near Provost and Pandan Valley.

I believe the proper term is called canal. My friend lives at waterbank. My parents stay beside clementi canal.
I think these are Ok. They are actually natural rivers mostly that were changed to canals to prevent flooding.
Yes the pandan Valley side is like a longkang.
Anyway benefits are bit cooler in daytime but really a lot of oxidation or rust on your electronic stuff like metal panels and connectors

Btw h20 residences is beside a real river . it's not a pseudo river. My mother knows of it since her childhood.
Of course it's not true waterfront living but don't Diss it just cos it's near a body of water that's not a sea.

Edited by Lala81, 26 July 2014 - 11:13 AM.

My personal opinion is the market is owning a correction long overdue, to me I don't see why anyone other than Singaporeans should benefit from a property increase expecially in public housing.

I have warned many times in the past 2 years with regards to a bubble burst and will continue to do so. I do not think singapore will recover from this drop personally.

Reasons being

1. Restricted inflow of investments to create jobs for the middle class

2. Too many SME are being priced out of via unrealistic rental from the shop spaces be it in shopping centres or even shophouses. Even the hawker centres nowadays charge a ridiculous amount to the hawkers.

3. Our garmen is too myopic in their policies, first they are not willing to offend foreigners in certain areas and turn a blind eye to abuses to the systems. ie the pr system, too much has being given.

4. Lack of technology advancement and a global company to bring us to the world, since 90+% of Singaporean in SG owned a phone why are our telco one of the worse? Be it in software or hardware development. The last global I heard is creative which is a passe.

5.lack of vision from future leaders, or lack of future leaders at all.

Edited by CH_CO, 26 July 2014 - 05:24 PM.

Now before any over zealous protector of PR come in I will explain to you why I think I deserve it.

1. Let's say my taxable income is roughly 400-500k p.a

2. I have serve Ns using the peak of my youth 2 and half years and 8 years of reservist which is roughly 3month plus the countless days of recall manning and I ppt. Let's round it of to 3 years for easy computation.

3. In compensation I am being paid roughly 10k per year and 30k in 3.

Which means i lose 3*400k of income in return for 30k

Price in every shit, I still lose 1mil for those effort to keep my country safe as compared to some leeches in the PR. So why should I not say that PRs are given too much?

insane & outrageous meh ... muahahahaha

these 3 legendary tricks have been used for donkey years liao

authority don't know or choose not to know?

�

1. Locking Up One Room

2. Ask a Tenant to Pretend They�re You

3. Just Don�t Tell Anyone You�re Renting Out

�

https://sg.finance.y...-160000226.html

Edited by Wt_know, 27 July 2014 - 01:23 PM.

Now before any over zealous protector of PR come in I will explain to you why I think I deserve it.

1. Let's say my taxable income is roughly 400-500k p.a

2. I have serve Ns using the peak of my youth 2 and half years and 8 years of reservist which is roughly 3month plus the countless days of recall manning and I ppt. Let's round it of to 3 years for easy computation.

3. In compensation I am being paid roughly 10k per year and 30k in 3.

Which means i lose 3*400k of income in return for 30k

Price in every shit, I still lose 1mil for those effort to keep my country safe as compared to some leeches in the PR. So why should I not say that PRs are given too much?

u mean u worth 400k pa at the age of 18-20 if not serving ns???

u mean u worth 400k pa at the age of 18-20 if not serving ns???

Maybe he young boss? Like the Tao Kae Noi CEO?

insane & outrageous meh ..ahahahaha
these 3 legendary tricks have been used for donkey years liao
authority don't know or choose not to know?
�
1. Locking Up One Room
2. Ask a Tenant to Pretend Theyre You
3. Just Dont Tell Anyone Youre Renting Out
�
https://sg.finance.y...-160000226.html

Provided u and ur tenant made the agreement through verbal and you kept ur proceed in a biscuits tin.

Maybe he young boss? Like the Tao Kae Noi CEO?

�

if lke that, then cannot say wasted 3 yrs in NS because regardless where he is, his worth is not about what he is doing but rather what he ALREADY is [laugh] [laugh]

�
if lke that, then cannot say wasted 3 yrs in NS because regardless where he is, his worth is not about what he is doing but rather what he ALREADY is

True, cant change the truth

u mean u worth 400k pa at the age of 18-20 if not serving ns???

�

I think i can spend that time schooling and i would probably be out in the workplace earlier by 2 and half years and earn whatever i am earning now. That's the opportunity cost i given .

�

I think i can spend that time schooling and i would probably be out in the workplace earlier by 2 and half years and earn whatever i am earning now. That's the opportunity cost i given .

�

yeah lah, even give u 3 extra yrs you are confident, bao jiak opportunity cost 400k pa? [laugh] [laugh] [laugh]

i think even Throttle2 also not so confident [lipsrsealed]

in spore ... always got the propaganda news ... at 35 become millionaire liao

Edited by Wt_know, 28 July 2014 - 12:03 PM.

in spore ... always got the propaganda news ... at 35 become millionaire liao

Sorry hor, we are talking about first million dollar at age of 21 ok... hehehe...

hahaha ... only if my father is Mr Li (HK)

Sorry hor, we are talking about first million dollar at age of 21 ok... hehehe...

Edited by Wt_know, 28 July 2014 - 01:40 PM.

�

yeah lah, even give u 3 extra yrs you are confident, bao jiak opportunity cost 400k pa?

i think even Throttle2 also not so confident

�

Opportunity cost dude , 3 more years of youth or working life , personally i think bao jiak in my industry. As long as that bugger not stupid. I didn't include non taxable capital gains. I think i can make this 400k for another 3 more years , why not?

�

That said i didn't think i wasted my time in NS , it is just only the opportunity cost to prove just in case PRs wanna think otherwise.

Edited by CH_CO, 28 July 2014 - 02:02 PM.

u mean u worth 400k pa at the age of 18-20 if not serving ns???

�

Opportunity cost is what a person makes at the last 2-3 years of his working life. Not the 2.5 years at the age of 18-20.

�

Opportunity cost dude , 3 more years of youth or working life , personally i think bao jiak in my industry. As long as that bugger not stupid. I didn't include non taxable capital gains. I think i can make this 400k for another 3 more years , why not?

�

That said i didn't think i wasted my time in NS , it is just only the opportunity cost to prove just in case PRs wanna think otherwise.

�

400k for another 3 more years and 400k pa is very different leh, aka 1.2mil over 3 yrs from 18-20yo? [rolleyes]

�

Opportunity cost is what a person makes at the last 2-3 years of his working life. Not the 2.5 years at the age of 18-20.

�

again, i would like to say, what ever opportunity cost u are refering to, 400k pa?

u might as well say 1mil pa? [laugh] [laugh]

in spore ... always got the propaganda news ... at 35 become millionaire liao

�

at 35 millionaire is consider fail leow, in sg context.

based on 3yr opportunity cost of 400k pa, that is consider epic failure [laugh] [laugh]

the opportunity cost for 18-20 years old is low ... everyday facebook, play game and "chase girl" unless he is mark zukerberg

the opportunity cost for a 30-35 might be high especially in climbing corporate ladder

the opporunity cost for a CEO is in millions and hundreds millions liao

�

the opportunity cost for a cleaner not to work 1 day is $1000/30 days = $33/- [:(]

�

400k for another 3 more years and 400k pa is very different leh, aka 1.2mil over 3 yrs from 18-20yo?

�

Edited by Wt_know, 28 July 2014 - 02:49 PM.

�
yeah lah, even give u 3 extra yrs you are confident, bao jiak opportunity cost 400k pa?
i think even Throttle2 also not so confident

$400k is per decade not per annum for poor fellas like me.
Plse dont suan me becos my income is not high.

�

400k for another 3 more years and 400k pa is very different leh, aka 1.2mil over 3 yrs from 18-20yo?

�

again, i would like to say, what ever opportunity cost u are refering to, 400k pa?

u might as well say 1mil pa?

�

400k p/a or not depends on the person. CH_CO is currently making that so what's the problem? The opportunity cost for him is indeed 400k per year.

yeah ... if a junior minister without portfolio can make $1M a year, a perm sec can make $600k a year (at least?)

CH_CO highly likely to make $400k a year or a lot more

else those $5M-$10M property who buy?

just check propertyguru $5M to $10M property at least 600 fking pages ... even after de-dupe also at least 50-100 pages

i strongly believe many out there make > $400k a year

�

�

400k p/a or not depends on the person. CH_CO is currently making that so what's the problem? The opportunity cost for him is indeed 400k per year.

�

Edited by Wt_know, 28 July 2014 - 04:32 PM.

�

I think i can spend that time schooling and i would probably be out in the workplace earlier by 2 and half years and earn whatever i am earning now. That's the opportunity cost i given .

�

i agree with what you said about opportunity cost of 2-3yrs spend in NS instead of out already in the workforce.

but what i dont agree is defining the opportunity cost as 400k pa, maybe i small fry but IF someone can achieved 400k pa anyway, he/she probably wont bother about that 2-3yrs opportunity cost.

�

400k p/a or not depends on the person. CH_CO is currently making that so what's the problem? The opportunity cost for him is indeed 400k per year.

�

no problem, i sore eye [laugh] [laugh] [laugh]
�

$400k is per decade not per annum for poor fellas like me.
Plse dont suan me becos my income is not high.

�

can hire me for your table wiping business? [bigcry]

�

i agree with what you said about opportunity cost of 2-3yrs spend in NS instead of out already in the workforce.

but what i dont agree is defining the opportunity cost as 400k pa, maybe i small fry but IF someone can achieved 400k pa anyway, he/she probably wont bother about that 2-3yrs opportunity cost.

�

Dude you fail to understand what i am trying to put across is the earlier i come out of the work force , the longer i have to make another 400k p.a in my work years.

�

If i took 10 years to reach where i am and started working at 25 , plus part time and stuff

�

For e.g , i start studying at 18 for uni , i will be out by 22 at most given 10 years to reach where i am , by 35 i would have made more now as compared than if i served.

�

Of course , you can always choose to contest your choice but i am stating a fact i would probably earn the same if not more in the upcoming 3 years.
�

$400k is per decade not per annum for poor fellas like me.
Plse dont suan me becos my income is not high.

�

since when u need income , you cash boy leh capital gains not taxable

�

Dude you fail to understand what i am trying to put across is the earlier i come out of the work force , the longer i have to make another 400k p.a in my work years.

�

If i took 10 years to reach where i am and started working at 25 , plus part time and stuff

�

For e.g , i start studying at 18 for uni , i will be out by 22 at most given 10 years to reach where i am , by 35 i would have made more now as compared than if i served.

�

Of course , you can always choose to contest your choice but i am stating a fact i would probably earn the same if not more in the upcoming 3 years.
�

�

bro, i understand your point well.

my points are,

�

1) I do not agree that the 2-3 yrs in NS which u deem as opportunist cost will prevent you from making 400k pa later on some point in life
2) for someone who has no calibre to make 400k pa, give him extra 10yrs also no use, not to mention 2-3yrs of NS

3) for someone who has the calibre to make 400k or more pa, even start working from 40yo also can achieve

�
since when u need income , you cash boy leh capital gains not taxable

Repeat :

Plse dont suan me becos my income not high.

�

bro, i understand your point well.

my points are,

�

1) I do not agree that the 2-3 yrs in NS which u deem as opportunist cost will prevent you from making 400k pa later on some point in life
2) for someone who has no calibre to make 400k pa, give him extra 10yrs also no use, not to mention 2-3yrs of NS

3) for someone who has the calibre to make 400k or more pa, even start working from 40yo also can achieve

�

Dude , that is a self limiting belief , if one already hard cast himself to how much he can earn then he will always be where he is. You are trying to say everyone here is stupid so cannot make 400k. I always give everyone the benefit of doubt til proven otherwise. Sky is always the limit.

�

I am trying to tell you , even whether one has calibre or not , it doesn't show in their resume neither when they report for NS . I am also saying , for those time i served , it deters many which can probably do more in their lifetime as compared to leeches which doesn't need to serve and still make use of our system for their advantage. I am not alone. I have friends which served and continue to make more than whatever i am making all had the same question , what if , i didn't serve? Could i have made even more? Thus the fact that many chose to run from Singapore avoiding NS while many which doesn't need to serve(i.e PRs or foreigners) flock here and make use of the others which chose to serve to protect them.

�

As for your 3 probability , it is a maybe. For my case , i am stating a real life example. Ask yourself , how do you make 400k or more when you start work at 40 , how long do you need? I am not saying you can't but How long more do u have left to enjoy it? Stupid question stupid answer right? By the way ,i am probably trying to give the benefit of doubt the on average we all have a chance to make this amounts.

�

As you mentioned , no calibre give 10 years also like this , so how are you going to define calibre? ?????????? Now the possiblity of what ifs is the opportunity cost which i have being saying for so long. Dude if you cannot comprehend what i am trying to say i cannot help you.

Edited by CH_CO, 28 July 2014 - 10:47 PM.

MCF confirm elite forum ... Anyhow anyhow all talking / drawing 400 plus k one......

Repeat :

Plse dont suan me becos my income not high.

�

Repeat:

�

how many times do i need to say? capital gains don't need to declare.

Edited by CH_CO, 28 July 2014 - 10:51 PM.

MCF confirm elite forum ... Anyhow anyhow all talking / drawing 400 plus k one......

�

i am small fry as compare to the ferraris and porsches of trottle , soya , porker and gang. Mine is achievable with luck.

�

Buy a few property during a crash with everything you got and leverage to the hilt , if u fail you bankrupt. Just sit on it and continue to add more. Rental incomes will be suffice to make these money if you have enough.

�

Coming from where i am from , it is not difficult to know when the market is bad and when is it good. I have already given a heads up many times throughout the past 1 to 2 years on the potential effect , just scroll back on my posts.

�

Job hazard , haha see too many sale personals to the point of disgust back in my dept.

By the way, never ask a "banker" whether their product is the best, instead look up the other banks to compare what they offer , due diligence is important , falling for one's showmanship would only result in investments which are likely to fail.

Anyway back to property . Looking forward , though property prices are unlikely to drop sharply but it is likely that there won't be much liquidity in the secondary markets as the ones holding on to their properties are unlikely to sell them. Unless one or two of the things below happen

1. Sharp hikes in interest (sibor rates)
2. Economic downturn resulting to mass corrections in multi asset classes
3. Sudden withdrawals of foreign investments from Singapore
4. War
5. Over supply of properties due to various reasons ( bankrupted developers/investors etc )

�

Edited by CH_CO, 28 July 2014 - 11:15 PM.

Wah .... Sebei sart !! Should have spent more time reading the postings here in MCF . Hopefully not too late to read now to learn how to make enough to join the 400k club ...

dun laff at me la later� the multi million table wiper suan me

MCF confirm elite forum ... Anyhow anyhow all talking / drawing 400 plus k one......

You not drawing $400k pa at least meh?

�
Repeat:
�
how many times do i need to say? capital gains don't need to declare.

Correct.
No capital no got capital gains.....

Wah .... Sebei sart !! Should have spent more time reading the postings here in MCF . Hopefully not too late to read now to learn how to make enough to join the 400k club ...

You joining $400k club to downgrade ah?

You not drawing $400k pa at least meh?

Correct.
No capital no got capital gains.....

You joining $400k club to downgrade ah?

400k ?? Can only dream ba .. Maybe I go read up more on the experts postings on property here in MCF , maybe maybe got chance .... Now jobless , boss ask me take long long leave to do gardening lei ...

haiz .. still wanna suan me ... zzz

Ok, at least you are honest and admitted to it. You rather sell a property low than share the sales commission with another agent with a better offer (ie taking the money and screwing your customer at the same time). Most people are aware there is no principal/agent relationship and they are just dealing with property salespeople.

Most employees' interest are aligned to those of their employers' with the setting of the correct KPIs. There is also no major conflict of interest most of the time, otherwise corporate won't survive.

�

nope, i rather sell new projects. First, there is no need for me to try to negotiate price, it is take it or leave it and i am happy to work with multiple agents if it means selling more units.

�

second, in today's market it is so much easier to move new projects than resale. An average agent who does resale can probably close a deal or two each month. An average agent who does new projects can easily do twice that number.�

�

based on my little bit of corporate experience, i recalled my ex bosses would set very easy KPIs for us as it would also translate very easy KPIs for themselves. So end up everyone sure get maximum bonus each year with ease. No conflict of interest between employees for sure, but i can't say for the shareholders. Mind you, it was a major financial institution, and is still around today after the financial crisis.

in spore ... always got the propaganda news ... at 35 become millionaire liao

�

excuse me, if 30 dun become millionaire, even alibaba also will condemn u liao

�

personally i think bao jiak in my industry.�

�

Pray tell, which industry?

o$p$

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 32

Attached Thumbnails

Attached Thumbnails

Không có nhận xét nào:

Đăng nhận xét