I heard that Kovan Residences have a known problem of insufficient parking lots.
Anyone heard? If true, izit only for the 2nd lot or 1st lot also must fight over it?
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of cus la... previously was someone u desire...�
� � � � � � � � � now is someone u aspire!
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haha he also handsome what haha
the moment they appointed ah khaw as housing head, i consperm knew he was gona repeat history of hdb boom bust... he is nothing more than a figurehead to simply follow instructions n flood the mkt w new properties coz that was the main complaint in GE2011, & made worse due to FT import reduction...
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now whole island suffering again... but those who studied the prop mkt from early 90s to now wld have seen it coming a mile away...
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i simplify the prop bull n bear dynamics for u:
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Bull:
1. increase population by import more FTs/PRs etc
2. increase garmen spending & launch projects to increase jobs, eg. casino, sportshub
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Bear:
1. decrease population by importing less FTs/PRs etc
2.decrease garmen spending & launch projects & decrease jobs, eg. casino due to social concerns etc.
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right now we are in the bear scenario... garmen is waiting for everyone to suffer first then go backt bull scenario IMO...
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I give my honest opinion.
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Bull (shit) :
1. Increase population by importing more FTs/PRs ( end up ) , increase more FW and leeches leeching our system and stuff increasing expediture. See how many "sponsored" PRs leeching on our medical services in Sg. From what i know , most of them do not even pay tax , if so why should they be using the subsized rates?
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2. Increase garmen spending & launch projects to increase jobs , eg. casino , sportshub� , if the leaders can think of such a bright idea , hot money won't be flowing out. Have you actually spoken to the leaders and see how well heeled they are? They don't even seem to be concerned with what happens around the world in terms of technology and concerned with whatever we can bring in to improvise and to make it ours.
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Bear (crap)
1. Decreasing population by importing less FTs/PRs etc , Singapore grew its fastest when there aren't much PRs , when there is an explosion of local population growth and not based on FWs. I am not sure how you define FTs but most i see are crap FWs which aren't capable of helping , they are only here for the money and not many are actually delivering goods they promised. At least this is what i see on the financial sector. We are on the good track to remove leeches from the system.
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2. Decreasing garmen spending & launch projects & decrease jobs, eg. casino due to social concerns etc., without foreign investments , singapore would be where we are , in fact we should be getting more foreign investments and less garmen spending , the actual garmen spending we should be doing is to improve the general skill set of our people to match with any country in terms of price and quality. They are wasting their money "beautifying" singapore's landscape while removing plenty of local culture which lures others to come back here AGAIN. What is the use of that many pretty buildings when you are bringing in all those population (china and indian shit along with their bad attitudes) and dilute the multi cultural acceptance and mixture which has made us unique to the world.
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To me , i do not think your points are valid but that is just me , i might be wrong. It is just how the rich make money. Don't be so dumb to think they do not have a leg in it. As for the garmen , i do not think they are prepare for whatever that happens from now on, TSDR is just a immediate stop gap to prevent further blood letting , without that , we would be seeing a full crash which will make many bankrupted and no NPL reports can stop this from happening. I have studied more than well on the how US property bubble crashed , Detroit became bankrupted 2013 due to failures to forsee future trends and how we need to consistently evolve to survive towards the next century. Our neighbors are already waking up , it is time for the strawberries to stop dreaming and start working.
�
Edited by CH_CO, 18 December 2014 - 03:58 PM.
�
�
I give my honest opinion.
�
Bull (shit) :
1. Increase population by importing more FTs/PRs ( end up ) , increase more FW and leeches leeching our system and stuff increasing expediture. See how many "sponsored" PRs leeching on our medical services in Sg. From what i know , most of them do not even pay tax , if so why should they be using the subsized rates?
�
2. Increase garmen spending & launch projects to increase jobs , eg. casino , sportshub� , if the leaders can think of such a bright idea , hot money won't be flowing out. Have you actually spoken to the leaders and see how well heeled they are? They don't even seem to be concerned with what happens around the world in terms of technology and concerned with whatever we can bring in to improvise and to make it ours.
�
Bear (crap)
1. Decreasing population by importing less FTs/PRs etc , Singapore grew its fastest when there aren't much PRs , when there is an explosion of local population growth and not based on FWs. I am not sure how you define FTs but most i see are crap FWs which aren't capable of helping , they are only here for the money and not many are actually delivering goods they promised. At least this is what i see on the financial sector. We are on the good track to remove leeches from the system.
�
2. Decreasing garmen spending & launch projects & decrease jobs, eg. casino due to social concerns etc., without foreign investments , singapore would be where we are , in fact we should be getting more foreign investments and less garmen spending , the actual garmen spending we should be doing is to improve the general skill set of our people to match with any country in terms of price and quality. They are wasting their money "beautifying" singapore's landscape while removing plenty of local culture which lures others to come back here AGAIN. What is the use of that many pretty buildings when you are bringing in all those population (china and indian shit along with their bad attitudes) and dilute the multi cultural acceptance and mixture which has made us unique to the world.
�
To me , i do not think your points are valid but that is just me , i might be wrong. It is just how the rich make money. Don't be so dumb to think they do not have a leg in it. As for the garmen , i do not think they are prepare for whatever that happens from now on, TSDR is just a immediate stop gap to prevent further blood letting , without that , we would be seeing a full crash which will make many bankrupted and no NPL reports can stop this from happening. I have studied more than well on the how US property bubble crashed , Detroit became bankrupted 2013 due to failures to forsee future trends and how we need to consistently evolve to survive towards the next century. Our neighbors are already waking up , it is time for the strawberries to stop dreaming and start working.
�
�
bro i am talkin abt pts which make property go up or down, u r talking abt wat is the right way to run our country... totally diff topics. I didnt say i support import FTs etc, im saying if that if FT import happens property price will go up, whether or not is right or wrong for our country is another topic which u r talking abt lol.
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u wanna rant abt garmen pls start a politics thread lol
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bro i am talkin abt pts which make property go up or down, u r talking abt wat is the right way to run our country... totally diff topics. I didnt say i support import FTs etc, im saying if that if FT import happens property price will go up, whether or not is right or wrong for our country is another topic which u r talking abt lol.
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u wanna rant abt garmen pls start a politics thread lol
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No i am telling you a fact of what is happening , nothing to do with ranting. Haiz , you don't understand what i am trying to put across then i cannot do much to explain to you. Cause , i lazy to , if you cannot read within the context of what i am trying to say and how it is going to affect prices of property then there isn't much to say.
�
Edited by CH_CO, 18 December 2014 - 09:13 PM.
Stop fingering each other, take a break
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dude i am not but i am sick and tired of people telling one thing , yet people cannot counter them neither accept other views.
Stop fingering each other, take a break
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lol i tot u liked fingering?
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dude i am not but i am sick and tired of people telling one thing , yet people cannot counter them neither accept other views.
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counter for wat i know wat u saying. u shld go n comprain at MPS no pt ranting here lor
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didnt you see he added "take a break"?�
lol i tot u liked fingering?
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lol i tot u liked fingering?
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counter for wat i know wat u saying. u shld go n comprain at MPS no pt ranting here lor
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comprain about what? ppl here too stupid to understand?
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i like the way someone put it in this thread in a pm to me
�
'here folks are masturbating each other for self comfort or otherwise..'
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Haha maybe you can help change the title of this thread to "The self praise or self pwn thread"?
finally, URA plug the hole
![[thumbsup]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sBhCsOzTtTnNgqQwOARj8xMbYA4j7kDZ88zeNotvC7d1P0u0vKKsGIPro6O0tOWZhGem7D8MFrHBs-QIjVqhGkW81I6loxsPBLY3fHTKcZKp0F6uQiNWMCHl0rxxvA2DI6JfEFR3Fr=s0-d)
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nabei ... real price drop 10-20% but transacted price drop 1-2% nia
the drop was hidden in kickback in furniture voucher, absorb ABSD, xmas gift, CNY angpow, etc etc etc ... lol
Attached Thumbnails
Edited by Wt_know, 25 December 2014 - 11:01 AM.
finally, URA plug the hole
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nabei ... real price drop 10-20% but transacted price drop 1-2% nia
the drop was hidden in kickback in furniture voucher, absorb ABSD, xmas gift, CNY angpow, etc etc etc ... lol
Have you bought yours?
no leh ... money no enough ... i wait for the boat ... the boat came and left liao ...
but hand very very itchy ... must restrain ... lol
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Have you bought yours?
�
Edited by Wt_know, 25 December 2014 - 11:29 AM.
That we have mentioned and highlighted many times.finally, URA plug the hole
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nabei ... real price drop 10-20% but transacted price drop 1-2% nia
the drop was hidden in kickback in furniture voucher, absorb ABSD, xmas gift, CNY angpow, etc etc etc ... lol
Therefore recent price indices which show minute drop must be taken with a table spoonful of salt.
Better to survey and get facts properly instead of purely relying on such statistics.
I consider this a soft cooling measure aiding the buyers with an objective to make prices more realistic.
At least they are on the right side this time.
Bring property prices down may not necessarily have a deflationary effect overall as cited by some stakeholders. The money which does not go into overpaying for a property can then be channelled to other more efficient parts of our economy.
Thanks
Edited by Throttle2, 25 December 2014 - 11:38 AM.
hmm ... i'm thinking what else will developer and agent pull out from their sleeve to counter this
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I heard that Kovan Residences have a known problem of insufficient parking lots.
Anyone heard? If true, izit only for the 2nd lot or 1st lot also must fight over it?
Not only Kovan residences but many new condo developments.
Take note of the number of lots vs no. of units. Some have less number of lots vs units!!
Scary, stay in condo, when friends come to visit got problem parking....
no leh ... money no enough ... i wait for the boat ... the boat came and left liao ...
but hand very very itchy ... must restrain ... lol
�
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CH_CO already mentioned - there is no fundamental backing the property prices here. I'd rather put money in other avenues or countries.
Don't buy here lah
CH_CO already mentioned - there is no fundamental backing the property prices here. I'd rather put money in other avenues or countries.
Don't buy here lah
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Then buy where?
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Then buy where?
New York City. I biased
ya lor so the rich blokes like porker got more breathing space to smell people's arse.
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New York City. I biased
No need explain so much lah, i purposely tease you. Any first property will give anyone a leg up to upgrade. Otherwise it wont be called upgrade, it will be called buying first property, muayhahahahahah.
I know one idiot, who sold his HDB, pocket a small profit of $100k nett after paying everything.
Never tasted the feeling of "so much" money before and thought he could double up at casino.
Of course in the end, you guys can guess what happened lah.
KNN f**king stupid fool, i really pity his wife and kid.�
if everyone knew wat they were doing, there wldnt b millionaires or paupers... i made $ thru property last time coz i took advantage of someone in dire financial situation who needed to sell at bottom of mkt... if he didnt sell to me, i wldnt have made any $... thats how it is thats why its impt to be financially & economically savvy, n not speculate.
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Edited by Duckduck, 03 January 2015 - 08:51 PM.
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if everyone knew wat they were doing, there wldnt b millionaires or paupers... i made $ thru property last time coz i took advantage of someone in dire financial situation who needed to sell at bottom of mkt... if he didnt sell to me, i wldnt have made any $... thats how it is thats why its impt to be financially & economically savvy, n not speculate.
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Nobody knows exactly what to do.....
But i would dare say most people know that you shouldnt arm yourself with profits from selling your primary residence to walk into a casino thinking that you can double the takings.
i pity the family but not that bloody idiot.
As they say fools make feasts and wise men eat them.
Nobody knows exactly what to do.....
But i would dare say most people know that you shouldnt arm yourself with profits from selling your primary residence to walk into a casino thinking that you can double the takings.
i pity the family but not that bloody idiot.�
Although it may be a different question.
It is totally related.
If wrong step made, $900k also gone.
And the truth is $900k is really very very very average in todays Singapore.
Most people already have at least $700k cash in savings. Dont believe, ask Enye.
Heeeehee
Mai sour grape lah, dude.
I give you a cigar ok?
You owe me how many cigar already?
But too bad I am the sit in kopitiam la kopi with 1 leg up on chair type
So you mix with me is very the sia suay one
Better to stay in your elite circle
Easy money over , seeing that the property prices are cooling down , all the pattern come out liaoz. The building is not within your premises what right do you have to decide whether what is built there , i have seen my neighbours with their mother's ashes in their flats , so should i complain to HDB that my neighbour is doing this and i am sensitive to it?? Most temples have this in them , it is nothing new , the fact is how many actually go into a temple and find it out for themselves ? Nowadays people expect to be spoonfed and all the way inside the mouth.
�
What is new? Speculation after that wanna pull out because of a columbarium ? Not happy sell it when you get it , you sign a contract , wanna withdraw then withdraw by foreiting your deposits.
Edited by CH_CO, 05 January 2015 - 10:47 AM.
i think only the unwise or a high risk taker will�keep the money and rent a place since he sold his primary place.... better to get a home for himself first
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This depends on how he defines ""home" , i have friends which their homes are the office where they spent more than 14hours in , the place you define as home , he only goes in does his wash up , sleep and go back to work. Doesn't even do laundry as he sends it for washing outside. He could even stay in a hotel if he wants and it would probably be "cheaper" than buying a property in a falling market. Of course this example is a single staying alone might apply , might not to the ones with a family unless they have an alternative.
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If for a family , then home might have another different defination all together but i still think if they are able to find an alternative and yet cheaper than buying why not? I have heard of a family moving back to their parents , one to take care of their aging parents and two make use of the existing arrangements to "make" money.
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It is more towards , knowing what they are doing vs one which doesn't.
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Edited by CH_CO, 05 January 2015 - 10:50 AM.
maybe i old fashioned.. it is always good to have a place�to call�home.... :)
maybe i old fashioned.. it is always good to have a place�to call�home.... :)
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I bought many properties and sold many , i do not call them "homes" , i rented some out to the nicest of people where they call them homes , some have stayed for more than 6 years with their families. They help me take care of the furniture and clean it properly and treat it as their own.
�
The only home i call home , is a small room in my parents flat whom i am still staying at. It is the company thats is more important to the place and that is what makes it "home"
Edited by CH_CO, 05 January 2015 - 10:56 AM.
�
I bought many properties and sold many , i do not call them "homes" , i rented some out to the nicest of people where they call them homes , some have stayed for more than 6 years with their families. They help me take care of the furniture and clean it properly and treat it as their own.
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The only home i call home , is a small room in my parents flat whom i am still staying at. It is the company thats is more important to the place and that is what makes it "home"
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different wavelength... lol
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happy new year
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different wavelength... lol
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happy new year
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Thats why i said , different people different defination.
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Thats why i said , different people different defination.
�
I think "Home" is the place you can poop the most comfortably in.
Home is where I can walk around�all the time with only my underwear on.
Home is where I can walk around�all the time with only my underwear on.
�
Don't you go around in that army bunks? OR in somecases in swimming pools by FTs. LOL
guys....OT OT liao!!!
�
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2015 is to avoid Gold, Oil & Gas, and Euros.....at least for the first half of 2015
�
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i think only the unwise or a high risk taker will�keep the money and rent a place since he sold his primary place.... better to get a home for himself first
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agree. if u are renting purely to wait for a crash in the market, it could get very risky.
�
everyone was expecting crash to be imminent in 2008/9. When central banks flood the mkt, everyone thought it would not last more than a couple of years. After 6 years, the market is still waiting for bear phase
�
case in point (true story) - A sold his condo in 2007, thinking that the market is toppish and with subprime concerns etc, expected the market to drop within 1 or 2 years, and hoped to buy a landed for a good price. Ended up renting until 2013 and cannot tahan anymore and bought a house which cost a million more than what it cost back in 2007. Not to mention he burnt $400k on renting over the years.
http://business.asia...re-dollar-falls
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Interest rates up as S'pore dollar falls�Siow Li SenThe Business TimesTuesday, Jan 06, 2015Local interest rates have been on a slow upwards creep, and on the first working day of the New Year, rose to a 52-week high as the Singapore dollar continues to weaken against the greenback.
The key three-month Sibor - or Singapore interbank offered rate, on which most home loans are pegged - rose to 0.45738 per cent on Friday, up 17.6 per cent from the low of 0.38885 per cent on Feb 21.
The benchmark rate had been flatlining for much of the first half of last year until it began its slow rise from August, then rose steadily as the United States dollar rallied.
The Singapore dollar has fallen to four-year lows against the US dollar. At Friday's rate of 1.328, it is down more than 7 per cent from July 23 high of 1.238.
Observers say Singapore interest rates are now tied to the strength of the US dollar and will move further up even in the absence of rate hikes from the US Federal Reserve. The Fed is expected to raise rates in the second half of this year.
"I suspect a large part of the Sibor's upward creep is due to the SGD weakness," said Selena Ling, OCBC Bank economist.
The latest growth data released last week showed that the Singapore economy continues to slow and, with not much cost pressures, the Singdollar is likely to remain weak.
The Singapore economy grew a weaker-than-expected 1.5 per cent year on year in the fourth quarter of last year, slowing from the third quarter's 2.8 per cent expansion as the manufacturing sector shrank in the final quarter, said the Ministry of Trade and Industry on Friday. a
Full-year 2014 growth was 2.8 per cent, down from 2013's 4.1 per cent.
There is also "the softer gross domestic product growth coupled with benign inflationary environment which does not warrant an overly aggressive monetary policy stance", Ms Ling added.
She said another factor for tighter Singdollar liquidity has been "intensifying competition for SGD deposits, especially over the year end".
OCBC's forecast for three-month Sibor is 0.55 per cent and 0.69 per cent for the middle and end of this year, respectively.
DBS Bank projects that the Singdollar will head to 1.33 by the fourth quarter of this year and the three-month Sibor to reach 0.60 per cent then.
United Overseas Bank is more bearish - it expects that the start of the US interest rate normalisation in June this year will see further downward pressures on the Singdollar this year.
UOB's forecast for the exchange rate remains at 1.34 as of the end of the second quarter of this year, said the bank, in its first quarter of the year outlook.
"With the SGD Sibor positively correlated with the USD Libor (London interbank offered rate), our expectations are that the US interest rate normalisation in June 2015 will see the Sibor moving on a higher trajectory in 2015.
"We expect the three- month SGD Sibor to move towards 1 per cent by end-2015," said UOB.
Should home loan borrowers worry? Some say the pace of the increase could be a concern but as long as the absolute interest rate remains low, the hike in monthly instalments should be manageable.
On a $100,0000 loan with a 20-year tenure, the monthly instalment would rise $11.45 to $484.85 if the three-month Sibor moves to 0.7 per cent for a home loan package based on three-month Sibor + 0.85 per cent, according to OCBC Bank.
Lui Su Kian, head of DBS Bank (Singapore) deposits and secured lending, said the best time to lock in an attractive set of fixed rates is during a low interest environment.
"Fixed rate packages continue to remain popular with both private property and Housing Board home owners, but there are also options to have both floating and fixed rates within the same programme," said Ms Lui.
{C}�
This article by The Business Times was published in MyPaper, a free, bilingual newspaper published by Singapore Press Holdings.
guys....OT OT liao!!!
�
�
2015 is to avoid Gold, Oil & Gas, and Euros.....at least for the first half of 2015
�
�
�
for a trade, im currently long gold, n looking to short USD & long crude oil when the situation looks right
�
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for a trade, im currently long gold, n looking to short USD & long crude oil when the situation looks right
�
May not be good to long gold if you are looking for appreciation.
Market is risk on and USD is expected to remain firm.
Versus the SGD, i think USD would perform better.
Am looking for USDSGD to go towards 1.38 by year end.
Thanks for sharing your positions
May not be good to long gold if you are looking for appreciation.
Market is risk on and USD is expected to remain firm.
Versus the SGD, i think USD would perform better.
Am looking for USDSGD to go towards 1.38 by year end.
Thanks for sharing your positions�
im trading purely technical, not considering fundamentals... which i reserve for my long portfolio which i buy n hold only.
�
im trading purely technical, not considering fundamentals... which i reserve for my long portfolio which i buy n hold only.
Yup, no explanations required, Duck.
Am sure you are capable of making the decisions the way you read the market.
Truly appreciate your sharing so that we can all hv a broader perspective.
cheers
i have a feeling the drop in oil prices may precipitate the next crash
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the speed and magnitude might be just too big and cause panic
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i have a feeling the drop in oil prices may precipitate the next crash
�
the speed and magnitude might be just too big and cause panic
�
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IMO its hard to imagine when fed fund rates n global inflation so damn low.. stocks may crash but its nowhere as bad if financial costs were much higher...
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net oil import countries like SG benefits frm low crude costs, n china benefits greatly as they are also net importers
Edited by Duckduck, 06 January 2015 - 02:24 PM.
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IMO its hard to imagine when fed fund rates n global inflation so damn low.. stocks may crash but its nowhere as bad if financial costs were much higher...
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net oil import countries like SG benefits frm low crude costs, n china benefits greatly as they are also net importers
�
logically so
�
but when investors panic due to an unexpected event, we all know where logic goes...right?
�
mai spread fear ... mai spread fear ... lol
http://www.propertyrichesprogram.com/
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From broke to owning over 100 Singapore properties and overseas properties around the world is no longer a dream for me.Attached Thumbnails
Edited by Wt_know, 06 January 2015 - 02:49 PM.
did anyone say interest rate?
�
TITLE: Key Singapore interest rate rises sharply for second day
POSTED:�06 Jan 2015 12:39
URL: http://www.channelne...st/1571430.html
The three-month Singapore Interbank Offered Rate (Sibor) has been creeping up, rising from 0.4 per cent in October 2014 to 0.62052 per cent at 11.30am on Tuesday (Jan 6), according to Bloomberg data.SINGAPORE: A key interest rate that housing loans in Singapore are pegged to rose sharply for a second day, indicating home owners may face higher mortgage payments.
Bloomberg data showed the three-month Singapore Interbank Offered Rate (Sibor) was fixed at 0.62052 per cent at 11.30am on Tuesday (Jan 6), up from 0.57762 per cent on Monday.
Sibor is the rate at which banks lend to one another and is a widely used measure of the cost of funds. The three-month Sibor had been creeping up previously, rising from around 0.4 per cent in October to around 0.45 per cent at the end of last week.
Many housing loans are pegged to three-month Sibor. Oversea-Chinese Banking Corp (OCBC), for example, is currently offering home loans at three-month Sibor plus 0.85 percentage points for the first three years, according to its website.
The lending rate is reviewed every three months.
Assuming mortgage rates in Singapore rise to 2 per cent from around 1.5 per cent currently, a home buyer with an outstanding loan of S$500,000 and 20 years remaining will need to pay around S$2,530 a month, up from S$2,410. Should the rate rise to 3 per cent, the monthly payment will increase to S$2,770.
- CNA/kk
did anyone say interest rate?
�
TITLE: Key Singapore interest rate rises sharply for second day
POSTED:�06 Jan 2015 12:39
URL: http://www.channelne...st/1571430.html
The three-month Singapore Interbank Offered Rate (Sibor) has been creeping up, rising from 0.4 per cent in October 2014 to 0.62052 per cent at 11.30am on Tuesday (Jan 6), according to Bloomberg data.SINGAPORE: A key interest rate that housing loans in Singapore are pegged to rose sharply for a second day, indicating home owners may face higher mortgage payments.
Bloomberg data showed the three-month Singapore Interbank Offered Rate (Sibor) was fixed at 0.62052 per cent at 11.30am on Tuesday (Jan 6), up from 0.57762 per cent on Monday.
Sibor is the rate at which banks lend to one another and is a widely used measure of the cost of funds. The three-month Sibor had been creeping up previously, rising from around 0.4 per cent in October to around 0.45 per cent at the end of last week.
Many housing loans are pegged to three-month Sibor. Oversea-Chinese Banking Corp (OCBC), for example, is currently offering home loans at three-month Sibor plus 0.85 percentage points for the first three years, according to its website.
The lending rate is reviewed every three months.
Assuming mortgage rates in Singapore rise to 2 per cent from around 1.5 per cent currently, a home buyer with an outstanding loan of S$500,000 and 20 years remaining will need to pay around S$2,530 a month, up from S$2,410. Should the rate rise to 3 per cent, the monthly payment will increase to S$2,770.
- CNA/kk
�
shiok i smell prop CM removal... pls keep up the negative prop news... faster crash, faster remove CMs lol
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shiok i smell prop CM removal... pls keep up the negative prop news... faster crash, faster remove CMs lol
�
Don't crash so fast let me save 1 more yr of cash can.
did anyone say interest rate?
�
TITLE: Key Singapore interest rate rises sharply for second day
POSTED:�06 Jan 2015 12:39
URL: http://www.channelne...st/1571430.html
The three-month Singapore Interbank Offered Rate (Sibor) has been creeping up, rising from 0.4 per cent in October 2014 to 0.62052 per cent at 11.30am on Tuesday (Jan 6), according to Bloomberg data.SINGAPORE: A key interest rate that housing loans in Singapore are pegged to rose sharply for a second day, indicating home owners may face higher mortgage payments.
Bloomberg data showed the three-month Singapore Interbank Offered Rate (Sibor) was fixed at 0.62052 per cent at 11.30am on Tuesday (Jan 6), up from 0.57762 per cent on Monday.
Sibor is the rate at which banks lend to one another and is a widely used measure of the cost of funds. The three-month Sibor had been creeping up previously, rising from around 0.4 per cent in October to around 0.45 per cent at the end of last week.
Many housing loans are pegged to three-month Sibor. Oversea-Chinese Banking Corp (OCBC), for example, is currently offering home loans at three-month Sibor plus 0.85 percentage points for the first three years, according to its website.
The lending rate is reviewed every three months.
Assuming mortgage rates in Singapore rise to 2 per cent from around 1.5 per cent currently, a home buyer with an outstanding loan of S$500,000 and 20 years remaining will need to pay around S$2,530 a month, up from S$2,410. Should the rate rise to 3 per cent, the monthly payment will increase to S$2,770.
- CNA/kk
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mortgage loan up a few hundred bucks sup sup sui for SG investors
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go for a brunch already spend more than that
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Only concern is if job is lost or not�
jit pak neng pak increased only ... sup sup water
but what if the buyer cannot even afford $2500 because cannot let out the unit? ho say liao ...
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Assuming mortgage rates in Singapore rise to 2 per cent from around 1.5 per cent currently, a home buyer with an outstanding loan of S$500,000 and 20 years remaining will need to pay around S$2,530 a month, up from S$2,410. Should the rate rise to 3 per cent, the monthly payment will increase to S$2,770.
Edited by Wt_know, 06 January 2015 - 03:42 PM.
mai spread fear ... mai spread fear ... lol
http://www.propertyrichesprogram.com/
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Er, I dont see george soros teaching in seminars about how to make it in the market leh
By the way, the kopitiam uncle just told me just now that interest rates went up!
Wah lau nowadays kopitiam uncle also so educated....steady
did anyone say interest rate?
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TITLE: Key Singapore interest rate rises sharply for second day
POSTED:�06 Jan 2015 12:39
URL: http://www.channelne...st/1571430.html
Assuming mortgage rates in Singapore rise to 2 per cent from around 1.5 per cent currently, a home buyer with an outstanding loan of S$500,000 and 20 years remaining will need to pay around S$2,530 a month, up from S$2,410. Should the rate rise to 3 per cent, the monthly payment will increase to S$2,770.- CNA/kk
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Lets see S$2,530 instead S$2,410 is only S$120 a month more.
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S$2,770 instead of S$2,410 is only S$360 more.
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Er, I dont see george soros teaching in seminars about how to make it in the market leh
By the way, the kopitiam uncle just told me just now that interest rates went up!
Wah lau nowadays kopitiam uncle also so educated....steady�
If a table wiper can be as educated as yourself, why can't the kopitiam uncle be educated?
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These days, Kopitiams are worth a lot of money so the uncle could be a very rich man.
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Don't crash so fast let me save 1 more yr of cash can.
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higher sibor cld mean the bank cartel,,oops... association of banks are detecting more mortgage payment arrears, more property valuation declines & maybe more widespread mortgage defaults... before this was high end prop defaults, but now i wont b surprised if mid to low income also kena, especially those property going to or already TOP cannot find rental cover mortgage etc
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flip side is this may signal the start of CM removals...
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Edited by Duckduck, 06 January 2015 - 04:42 PM.
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If a table wiper can be as educated as yourself, why can't the kopitiam uncle be educated?
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These days, Kopitiams are worth a lot of money so the uncle could be a very rich man.
And the speed at which info spreads is really quite amazing.
Edited by Throttle2, 06 January 2015 - 04:48 PM.
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higher sibor cld mean the bank cartel,,oops... association of banks are detecting more mortgage payment arrears, more property valuation declines & maybe more widespread mortgage defaults... before this was high end prop defaults, but now i wont b surprised if mid to low income also kena, especially those property going to or already TOP cannot find rental cover mortgage etc
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flip side is this may signal the start of CM removals...
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In the end someone loss will be my gain, my loss will be their gain.
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Think resales the best, previous owner gain a bit i also can buy at lower price.�
i have long warned of interest rates increases and i do not think CM will be removed , even if it is removed i do not think it will move the market.
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It only allow foreign leeches facilitate their running away plans and potentially adversely affecting our banking system. But i might be wrong.
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As for gold , i would not suggest trading them , i am more of a physical person , i person to buy gold physical. Worse come to worse i can use it as a pillow.
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As for USD , based on what i read and research they are probably going to go through at least 5 years of asset appreciation.
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shiok i smell prop CM removal... pls keep up the negative prop news... faster crash, faster remove CMs lol
There are many CMs. Some are useless ones.
No big impact whether remove or not.....
Its clear no one wants to see a crash (except perhaps me and a few forumers here)
While the true price movement has probably been -10 to -15% over the last 18mths, its only reported as maybe -4 to -6%. So if they make decisions base on these reports, i expect another -10 to -15% in real price reductions before any CM will even be considered for removal.
Woooohoooo, last checked, the price of a D9 unit i sold in mid 2013 is now asking at 15% cheaper or 2010 prices.....i think there's strong possibility for it to go another 10% down......
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logically so
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but when investors panic due to an unexpected event, we all know where logic goes...right?
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In a crash, the logic will be strong US treasuries.
Can can, thats why i say steady. But i am not that educated
And the speed at which info spreads is really quite amazing.�
Meanwhile i read abt SIBOR rising ... here in MCF lol after the Kopitiam Uncle�
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Meanwhile i read abt SIBOR rising ... here in MCF lol after the Kopitiam Uncle�
*shake head*
Muayhahahahah
Anyone considering changing to fixed interest rate or paying off all housing loan once interest rate turn?
Interest rate finally rise.. I'm locked in 1.68% for the next 3 years on my outstanding housing loan... Past 1.5years have been paying higher rate as didn't go for floating package.
Anyone considering changing to fixed interest rate or paying off all housing loan once interest rate turn?
Mai spread fear, mai spread fear.
i think not many people here pay off there housing loan lah. Very few are as crazy as me.
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Lets see S$2,530 instead S$2,410 is only S$120 a month more.
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S$2,770 instead of S$2,410 is only S$360 more.
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Investor won't be so shallow one. Investors only think of making money but all signs are pointing the opposite direction.
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In a higher interest rates environment the following will deter an investor:
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1. Rental will drop and the difference (after deducting installment) might be too little an incentive for the investor to hold on to the property. Worse if he needs to pay up the difference.
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2. Paper loss will also prompt the investor to cut loss (sell) sooner than later.
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3. USD appreciating, US treasury rally will point to the US for more money making opportunities. Why hold on to a loss-making machine? Net results, sell SG properties to fund US investments.
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All these have already started since QE3 was officially ended (even several months before). The order is just being reversed now. Two years ago a UOB banker at JGateway Condo Showflat told me interest rates will never rise for the next 5 years. Even if so it will still be less than 2%. And he calculated my projected monthly installment using 2.5% as the benchmark interest rate. I LOL at the young man.
Edited by Pmet, 06 January 2015 - 11:36 PM.
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Investor won't be so shallow one. Investors only think of making money but all signs are pointing the opposite direction.
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In a higher interest rates environment the following will deter an investor:
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1. Rental will drop and the difference (after deducting installment) might be too little an incentive for the investor to hold on to the property. Worse if he needs to pay up the difference.
�
2. Paper loss will also prompt the investor to cut loss (sell) sooner than later.
�
3. USD appreciating, US treasury rally will point to the US for more money making opportunities. Why hold on to a loss-making machine? Net results, sell SG properties to fund US investments.
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All these have already started since QE3 was officially ended (even several months before). The order is just being reversed now. Two years ago a UOB banker at JGateway Condo Showflat told me interest rates will never rise for the next 5 years. Even if so it will still be less than 2%. And he calculated my projected monthly installment using 2.5% as the benchmark interest rate. I LOL at the young man.
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Did you laugh -�Muayhahahahah?
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*shake head*
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There are many CMs. Some are useless ones.
No big impact whether remove or not.....
Its clear no one wants to see a crash (except perhaps me and a few forumers here)
While the true price movement has probably been -10 to -15% over the last 18mths, its only reported as maybe -4 to -6%. So if they make decisions base on these reports, i expect another -10 to -15% in real price reductions before any CM will even be considered for removal.
Woooohoooo, last checked, the price of a D9 unit i sold in mid 2013 is now asking at 15% cheaper or 2010 prices.....i think there's strong possibility for it to go another 10% down......�
10% 20% blah blah blah , why bother , if property prices can jack up 100% over the past 6 years i am not surprised if it can drop back to where it is prior to the casino rumor. Reason why ? China players are drying up due to restrictions , not much new investments coming up and jurong is overcrowded with shopping malls and hardly any establishment to sustain it.�
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In a radius of 5 km there are 5 shopping malls , IMM , big box , jcube , jem , westgate so how much rental are you going to charge and how are the businesses going to sustain ?? Just hope that the hospital will bring you more biz? Do remember people are going to hospitals to visit their sick love ones , not come to a shopping and shop for grocery , seriously i don't know what is going on through their thick skulls. While pungol is overcrowded with HDBs with nothing to support it with the nearest mega mall being at serangoon. Best township design. Worse , no cars , all squeeze one lan jiao mrt all the way to jurong.
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I am not sure , maybe there going to be big things going on there in jurong, maybe they are redirecting the banks over there and all other businesses. I do forsee alot of new stuff in jurong , hope it is good to go in the near future.
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A suggestion to the leaders , please plan ahead and try to create jobs before you think of how to sqeeze rental yields out of people. No job creating , no technological advance no entrepreneurship , you guys are just getting everything wrong. Economic growth comes from SMEs creation , not building giant blocks of concrete and stiffing all the SMEs out of the picture.
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3 things i would like to highlight to the freaking idoit on top.
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1. The "can do" generation is getting old , now it is filled with the strawberry generation which has not tasted poverty. Clowns are picking and choosing jobs.
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2. Rentals and cost of business are ridiculously high , how is it sustainable for SME and the less educated to even survive to support the basic fabric of the economy? Ask yourself , with goods vehicles at such high prices and ERPs everywhere , are the jams actually better? The problem is it isn't , what the garmen is doing is merely forcing the bussiness owners to transfer of cost of transport to the end users and making their own margins thinner.
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3. Absolutely ZERO technological breakthrough , how are we going to evolve to the next stage when our young and being taught of meeting grades and being absolutely concerned with grades and grades alone as seen in the strawberry gen. Are kids even allow to drop out and create something be it , food , drinks or something they absolutely like . One example of zero breakthrough , what� i see now is the popup of countless cafes with similar ideas selling the SAME food , how boring is that? The young nowadays other than monkey see monkey do cannot think of other stuff to do.
Edited by CH_CO, 07 January 2015 - 01:40 AM.
To me prices of properties are absolutely going to drop and i would think it should drop to prices where SMEs are able to sustain and make a good living. Else i don't see any future in Singapore.
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Our neighbors are picking up the slack we singaporean let go, our young are no longer hungry and no longer have the can do mindset and unless this is changed , what i forsee is a end of the road for singapore , reason as below
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1. Shipping technologies are getting better and ports can be easily built everywhere , our main business and competitive advantage is slowly evaporating.
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2. Oil products will never be able to sustain us forever , it is not a labor intensive industry and many of our young are not willing to do a hardship job.
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3. Hot money flowing out , if anyone notice , there are no longer any noticeable IPOs in sg , even MAN U ipo elsewhere� , this was a clear sign that sg was going to decline , that's what prompt me to do a deep research on the economy.
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4. High property prices and rental and low job creations. Foreign labors reliance is never the way to sustain a business over the long run , locals needs to be paid a sustainable income for the local economy to thrive and population to grow. An over prices property would do the opposite , people are being forced to work longer hours as a lower wage to merely sustain themselves thus leading to a lower rate of birth.
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5. Emphasis on education system and a self serving garment is never the way to bring the country forward , people nowadays are no longer willing to make mistakes or take the risk , just look at the social media , just a small thing , stomp can make it a big hooha.�
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6. Lesser and lesser outreach to the world and self enclosure , as our children gets more and more mono language competent� , how is it possible to trash it out with foreigners which are hungry and more willing to learn a new language to blend in? My parents can speak more than 5 languages and my grandmother which has passed learnt how to speak japanese during the japanese occupation. Kids nowadays think they can merely survive with english alone , many can't even speak mandarin properly less to say dialect or any other languages.
Edited by CH_CO, 07 January 2015 - 02:02 AM.
They also have offices, hotels and even new residential areas built there. It will continue to rise up but not much
For Punggol, i see some new malls under way and one has recently opened in fernvale. More to come in punggol area especially watertown.
Come on la they are paid millions for nothing lol.
Agreed with ur 3 points though
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