mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 18

foreigners ... we WELCOME you ....

CDL see no up local to buy high grass property? hehehe

in other word, it's true that foreigner drive up spore property price?

once the foreigner big pipe is closed due to ABSD ... jialat liao

Edited by Wt_know, 08 February 2014 - 11:44 AM.

Published: Saturday February 8, 2014 MYT 12:00:00 AM
Updated: Saturday February 8, 2014 MYT 7:55:24 AM
Singapore's wealth bubble may pop

by seah chiang nee

The city-state has attracted foreign wealth, but economists warn of trouble if tycoons were to pull out in the future.

MONEY, plenty of it! So much is circulating around parts of Singapore � much of it from abroad � that some economists are worried.

After years of success luring in foreign wealth, the city is now experiencing what an analyst calls a �wealth bubble� that is continuing to grow.

Noted global economist Jesse Colombo warned that several bubbles were on the verge of popping, threatening the city with an Iceland-style economic meltdown. He predicted in Forbes that this could happen within years.

They exist in property, Singaporean household debts and the bloated population of migrant workers.

�Singapore (also) has a wealth bubble,� added Colombo, who had earlier forecast America�s housing bubble.

For years, the republic had worked to attract high net-worth foreigners to its shores, a strategy that is unlikely to end any time soon.

Prime Minister Lee Hsien Loong said last year: �If I can get another 10 billionaires to move to Singapore and set up their base here ... Singaporeans will be better off...�

He indicated this would be pursued even if it worsens the rich-poor inequality.

(In the last 10 years, the wages of the bottom 20% fell by 10% in real terms, while those for the top one-fifth grew by some 30%.)

�I think Singaporeans will be better off, because they (foreign investors) will bring in business, bring in opportunities, open new doors and create new jobs,� Lee said. �I think that is the attitude with which we must approach this problem.�

He�s following in his father�s footsteps.

In the early 1980s, Lee Kuan Yew started to attract wealthy foreigners here to make up for a shortage of land and natural resources.

Lee, now 90, used to invite wealthy entrepreneurs, including a number of Hong Kong billionaires, to witness the National Day parades as special guests � and gave them permanent residency.

With low taxes, minimal corruption, protective banking laws and the abolishing of estate tax in 2008, his successors have succeeded in attracting more of them here.

Today, Singapore has 27 billionaires, the fifth largest number in the world.

New arrivals included US investor Jim Rogers, a Facebook co-founder Eduardo Saverin, New Zealander Richard Chandler, Indian telecom tycoon Bhupendra Kumar Modi, several Australians and Hong Kong movie stars.

One in 30 Singaporean residents is today a millionaire � doubling from 2008 to 2012. It has the world�s highest number of millionaires per capita.

The government appears to be unfazed by warnings of potential trouble if foreign tycoons were to pull out one day.

China feels differently. It started to curb the entry of hot money on concerns that capital inflows pose a threat to China�s economy.

Not many Singaporeans agree with their prime minister that having more billionaires necessarily means more investment and jobs.

�Some do invest here, but most simply park their money here and run their businesses outside,� said a retired banker.

They drive up the cost of living for locals, especially in real estate and cars, he added.

Colombo said Singapore�s total wealth rose by 8.7% in the past year alone to reach an average of US$282,000 (RM938,000) per adult.

The danger is that when Singapore�s bubble pops, it would cause �wealth to decline significantly�.

Lee Kuan Yew School of Public Policy associate dean Donald Low expressed concern about efforts to attract the super-rich here - even if they increase inequality.

�Relying on inflow of foreign monies to finance real estate domestically is often a recipe for financial disaster,� he told The Independent Singapore.

On perspective, the influx of so much money has some impact on the upper class, businessmen and property owners.

Generating investment and jobs rests more with global investors than billionaires looking for a safe place to park their money.

The Prime Minister is right in predicting that if more were to arrive, it would widen the economic gap between rich and poor Singa*poreans.

Whatever benefits they have brought here are being unequally distributed,�observers say.

�While the rich have fun, locals are struggling to keep up with the rising cost of living,� a foreign TV journalist wrote.

Earlier, under pressure from Europe, Singapore banks started to scrutinise foreign account holders as stricter tax evasion measures kicked in.

This is to decide whether to send high-risk clients packing, said one source. They include wanted people accused of corruption elsewhere, criminals and drug traffickers.

Foreign politicians have charged that, as banking secrecy is lifted in Switzerland, some tax evaders are shifting their attention here.

Emotionally struggling Singaporeans are no different from people elsewhere when they see splurging wealth around them as they struggle to hold their jobs.

PM Lee�s remarks, saying the presence of 10 foreign billionaires is more desirable than levelling economic inequality, has hurt his popularity.

An undergraduate asked incredulously: �I don�t believe he said it. Was he quoted correctly?�

Adding to his woes is the growing class divide in society.

The recent misbehaviour of some wealthy residents � both foreigners and locals � in flaunting their wealth or thumbing their noses at ordinary people is adding public blame on his policies.

Law Minister K. Shanmugam told the Financial Times that the rich-poor gap was very obvious.

Recalling how he was cut off while driving one evening, first by a Ferrari and then by a Porsche, the minister added: �The middle class in Singapore has found costs rising because of energy, food and so on.�

They find themselves squeezed since they don�t get the government subsidies that the poorest 20% gets, he added.

�

Shanmugam seems to be the only one that has a voice

Shanmugam seems to be the only one that has a voice

�

he kena cut off by Ferrari, maybe he road hog....

He never kenna bui bui kim

1 in 30 is a millionaire
if survey MCF the answer would be 1 in 2 ... huat ah!

1 in 30 is a millionaire
if survey MCF the answer would be 1 in 2 ... huat ah!

Yes 1 in 2 would be millionaire and almost 90% of mcfers owns rolex.

Think they did the survey in Tuas area

Can I ask, if singapore is the few places where you can drive a luxury car and flash your gold rolex without the fear of being mug?

Can I ask, if singapore is the few places where you can drive a luxury car and flash your gold rolex without the fear of being mug?

Answer yes

I think i feel sg the most safest place in asia, probably on the same level with japanese cities also with seoul and hk maybe

So don't expect price drop more than a quarter

are you implying the million dollar property is because spore is safe that you can park your ferrari/lambo any place and wear rolex/patek walking on the street with no fear.

Can I ask, if singapore is the few places where you can drive a luxury car and flash your gold rolex without the fear of being mug?

Edited by Wt_know, 08 February 2014 - 04:02 PM.

We are a real sad bunch..... Sigh.....

Anyway, back to topic, can someone post the news in todays ST, regarding the low take up rate of condos recently released?

Yes 1 in 2 would be millionaire and almost 90% of mcfers owns rolex.

Think they did the survey in Tuas area

�

The richest in MCF are all in this thread already [laugh]

So much bravado in the face of the inevitable...
Source: http://www.businesst...pected-20140208

Edited by Sabian, 08 February 2014 - 08:57 PM.

developer just want to make money ... period.

dont get fool by their lovely and homely tv ads

So who wants to buy an investment property?
Kee chiu

So much bravado in the face of the inevitable...
Source: http://www.businesst...pected-20140208

This fella doesnt know his stuff ? Or trying to keh kiang sound contrarian
Prices have already been cut, both in the form of direct discount and or rebates and duty absorption.

Attached Thumbnails

Edited by Throttle2, 08 February 2014 - 09:14 PM.

when the main stream media reporting cooling measure

and developers all cry papa cry mama business no good

i have a feeling that govt is going to chut pattern "soon" ... [sly]

Edited by Wt_know, 08 February 2014 - 10:33 PM.

1st tree house = $800+psf

2nd comes foresque residence = $1100-1200psf

3rd comes eco sanctuary = $1200psf

4th comes skywoods = $1250psf

�

from 800psf jump to 1200psf ... all 4 projects within the same location

a classic 50% jump ... for 1200psf drop back to $800psf ... requires 33% drop ... now only 0.9% drop?

�

So who wants to buy an investment property?
Kee chiu
This fella doesnt know his stuff ? Or trying to keh kiang sound contrarian
Prices have already been cut, both in the form of direct discount and or rebates and duty absorption.

�

Edited by Wt_know, 08 February 2014 - 11:15 PM.

So who wants to buy an investment property?
Kee chiu
This fella doesnt know his stuff ? Or trying to keh kiang sound contrarian
Prices have already been cut, both in the form of direct discount and or rebates and duty absorption.

�

eh your hand losing hair....you sick issit? better go consult Dr

�
�
eh your hand losing hair....you sick issit? better go consult Dr

Aiyoh, you mistook me for another forumer...

My hand not so much hair, my arm got more hair.
Its Yattokame, whose hand has more hair (i think)....

Hoohoho

Aiyoh, you mistook me for another forumer...

My hand not so much hair, my arm got more hair.
Its Yattokame, whose hand has more hair (i think)....

Hoohoho

Sorry meant u arm... Lol

Summore sibei lighter... Your arm.. Hmmm good life ah no see sun... Lol

Sorry meant u arm... Lol

Summore sibei lighter... Your arm.. Hmmm good life ah no see sun... Lol

Oh, the fair skin?
Becos i saw it (golf club land loss) coming 10 yrs ago, so decide to stop playing.
Last time i played 18 was about 3 yrs ago?
Managed to sell off my first set of Ping ISI custom orange dot clubs some years ago.
Now only left with my trusty set of steel shafted first generation Mizuno T-Zoids.

�
�
eh your hand losing hair....you sick issit? better go consult Dr

The hair shifting place to his leg [laugh]

When I watched his interview,�I laughed. Seems like fire is burning his pant liao.

�

�LOL!!!!

�

When I watched his interview,�I laughed. Seems like fire is burning his pant liao.

�

�

�

how come valuation is so high? $555,000 for punggol?

�

assuming buy $300k+- sell $495k still make about $200K+- and new condo ready liao ... die die must sell

�

Edited by Wt_know, 10 February 2014 - 11:06 AM.

how come valuation is so high? $555,000 for punggol?

�

assuming buy $300k+- sell $495k still make about $200K+- and new condo ready liao ... die die must sell

�

�

punggol is over valued in general

�

4 room flat was selling for $500K, not near MRT and terrible cramp layout.

�

About time they come back to earth instead of believing in the waterfront punggol 21 hype. It is a super crowded super dense super far from CBD place�

Prime Minister Lee Hsien Loong said last year: �If I can get another 10 billionaires to move to Singapore and set up their base here ... Singaporeans will be better off...�

He indicated this would be pursued even if it worsens the rich-poor inequality.

(In the last 10 years, the wages of the bottom 20% fell by 10% in real terms, while those for the top one-fifth grew by some 30%.)
�

�

�

Yes please LHL

�

Bring in more rich UHNWI to buy more of our D9 properties and party at pangaea and crash some ferraris.�

�

that would surely make my lower class life better off. Can't wait for the next billionaire!� [thumbsup]

SGD$495k is a steal.... thank you PAP!

1st tree house = $800+psf

2nd comes foresque residence = $1100-1200psf

3rd comes eco sanctuary = $1200psf

4th comes skywoods = $1250psf

�

from 800psf jump to 1200psf ... all 4 projects within the same location

a classic 50% jump ... for 1200psf drop back to $800psf ... requires 33% drop ... now only 0.9% drop?

�

�

�

so what the agents have told tree house and foresque buyers is true! they all had a handsome capital appreciation! No BS man

A reflection of how scared developers truly are.... And they are IN the market right?
I dont want soft landing leh, i want it to hit the ground hard the way it should...

�

they are not scared. hardly. just greedy and opportunistic as they should be

If act on Kwek advice immediately, PAP will be seen as pro developer leh...

�

Wasnt what they did when they introduced the DBSS to screw heartlanders? Or perhaps i was mistaken?

�

punggol is over valued in general

�

4 room flat was selling for $500K, not near MRT and terrible cramp layout.

�

About time they come back to earth instead of believing in the waterfront punggol 21 hype. It is a super crowded super dense super far from CBD place�

�

during boom time, everywhere oso considered 'prime'. next to noisy PIE n flight path oso chiong. n some places new LH selling higher than extg FH.� [hur]

�

when the ecstasy party stops and ppl finally sober up, then onli they remember the meaning of location n FH.�

When I watched his interview,�I laughed. Seems like fire is burning his pant liao.

�

�

�

But honestly, he is right.

�

Why penalise foreigners from buying PRIVATE property?

�

Want to penalise, just penalise the foreigners from buying HDB lor.

�

Since the issue here is "foreigners snatching affordable housing from Singaporeans".

�

Don't tell me, Singaporeans expect private property to be considered affordable housing?

Aiyoh, you mistook me for another forumer...

My hand not so much hair, my arm got more hair.
Its Yattokame, whose hand has more hair (i think)....

Hoohoho

�

Don't PCC too much ah... later palm also got hair...

SGD$495k is a steal.... thank you PAP!

�

Hey if that Punggol 5 room HDB was a private condo, it would have cost $1.495m ok...� She got herself a bargain!

My hdb dream can come true already.

Edited by Staff69, 10 February 2014 - 12:28 PM.

�

punggol is over valued in general

�

4 room flat was selling for $500K, not near MRT and terrible cramp layout.

�

About time they come back to earth instead of believing in the waterfront punggol 21 hype. It is a super crowded super dense super far from CBD place�

�

Land in Singapore is generally over valued at this current trend LOL

Sales drop but price remain steady man

http://www.straitsti...straight-month-
he resale prices of completed non-landed private homes in Singapore rose last month for the second consecutive month, even as the number of transactions continued to drop.

Resale prices of these homes rose 2.3 per cent in January over December, after a revised 0.8 per cent increase in December over November, according to the latest data from the Singapore Real Estate Exchange (SRX) on Monday.

But the number of sales of such homes fell to 310 in January, a 9.1 per cent decline from December. The figure also marked a 70.2 per cent decline from January a year ago.

Part of the fall in transaction numbers was likely due to the Chinese New Year holiday that started at the end of January this year, said Mr Jeremy Lee, co-founder of srx.com.sg.

if there is no "control measures" or whatsoever to cool the market

what happen the billion population of richies in china buy up 70-80% of the mass market private properties

then sell to peasant sporean ... no $5M no talk ... it's a free market right?

�

just like what is the rational that restrict foreigner to buy "landed" property?

�

�

But honestly, he is right.

�

Why penalise foreigners from buying PRIVATE property?

�

Want to penalise, just penalise the foreigners from buying HDB lor.

�

Since the issue here is "foreigners snatching affordable housing from Singaporeans".

�

Don't tell me, Singaporeans expect private property to be considered affordable housing?

�

Edited by Wt_know, 10 February 2014 - 01:55 PM.

�

But honestly, he is right.

�

Why penalise foreigners from buying PRIVATE property?

�

Want to penalise, just penalise the foreigners from buying HDB lor.

�

Since the issue here is "foreigners snatching affordable housing from Singaporeans".

�

Don't tell me, Singaporeans expect private property to be considered affordable housing?

�

I see this as a curb to speculation. If the foreigner is genuine a home owner who is�buying first�private property here for stay, there is no ABSD. Penalizing speculators is right thing to do.

if there is no "control measures" or whatsoever to cool the market

what happen the billion population of richies in china buy up 70-80% of the mass market private properties

then sell to peasant sporean ... no $5M no talk ... it's a free market right?

�

just like what is the rational that restrict foreigner to buy "landed" property?

�

�

�

I agreed. We can't have a CM that only cool HDB, but let private property run uncontrolled.

based on the latest CM ... 1st to 100th properties ... foreigner kena flat rate 15% ABSD la ... $150K a pop for $1M property

�

$3M ABSD for a $20M sentosa cove ... that's why sentosa cove sales sibei jialat

actually ... it's nothing much change leh ... before ABSD ... owner only sell at $23M ... now down asking price by $3M ...

just that $3M goes to govt instead of the seller ... govt FTW [thumbsup]

�

�

I see this as a curb to speculation. If the foreigner is genuine a home owner who is�buying first�private property here for stay, there is no ABSD. Penalizing speculators is right thing to do.

�

I agreed. We can't have a CM that only cool HDB, but let private property run uncontrolled.

�

Edited by Wt_know, 10 February 2014 - 02:10 PM.

based on the latest CM ... 1st to 100th properties ... foreigner kena flat rate 15% ABSD la ... $150K a pop for $1M property

�

$3M ABSD for a $20M sentosa cove ... that's why sentosa cove sales sibei jialat

actually ... it's nothing much change leh ... before ABSD ... owner only sell at $23M ... now down asking price by $3M ...

just that $3M goes to govt instead of the seller ... govt FTW

�

�

�

Oh, they are taxed even for first property here. Didn't know that. No wonder Mr Kwek is jumping up and down.

�

Oh, they are taxed even for first property here. Didn't know that. No wonder Mr Kwek is jumping up and down.

�

yeah. i heard they are getting ready to launch south beach. At $4,000 psf they better pray that the CM gets lifted first

http://www.bloomberg...heast-asia.html

�

...... Singapore companies will struggle to boost profits amid rising wages and weakening demand for property, according to Baring Asset and Samsung Asset Management Co. The Straits Times Index (FSSTI) gained 0.1 percent as of 10:36 a.m. in the city today.......

�

�

Let's see if singaporean can stomache the economic cost�of new policies..Or P*P can do some miracle to sustain growth and at the same time 1) provide job for sg� or 2) keep the property prices low...

�

$4000psf? no wonder cry papa cry mama la ... lol

�

�

yeah. i heard they are getting ready to launch south beach. At $4,000 psf they better pray that the CM gets lifted first

�

Edited by Wt_know, 10 February 2014 - 02:33 PM.

saw an article that developer may raise prices by 2%?�

So who here is buying an investment property now???
Plse raise your hand.

So who here is buying an investment property now???
Plse raise your hand.

�

Haha every few pages you will ask this, but bo lang kee chui.

Yup thats my point...... No one here is buying.....even those who say property guaranteed to go up also not buying , what does that show?

Edited by Throttle2, 10 February 2014 - 05:18 PM.

i dun know anyone that is buying..

�

but over CNY.. i hear alot of ppl waiting to buy in the next 1-2 yrs.. :P esp the sideline singles.

Edited by ShepherdPie, 10 February 2014 - 05:22 PM.

i dun know anyone that is buying..
�
but over CNY.. i hear alot of ppl waiting to buy in the next 1-2 yrs.. :P esp the sideline singles.

Plenty of inventory to go around for those singles looking to buy to stay.
Are we talking HDB or private?
Proper size or mickey mouse ?
>$2.5mil price or the below $2.5mil kind?
Landed or non landed?

There are many segments in our tiny property market but they are all somewhat linked.
A big move in any segment can lead the way for the other segments.

i dun know anyone that is buying..

�

but over CNY.. i hear alot of ppl waiting to buy in the next 1-2 yrs.. :P esp the sideline singles.

�

a lot still want to buy SG properties. Those who are priced out want to buy overseas.

�

The greed and fear factor is at all time high. No one is contented with leaving money in the bank.

�

Stock market can't even smell a 5% correction and bargain hunters are all back in droves�

�
a lot still want to buy SG properties. Those who are priced out want to buy overseas.
�
The greed and fear factor is at all time high. No one is contented with leaving money in the bank.
�
Stock market can't even smell a 5% correction and bargain hunters are all back in droves�

Want to buy and can buy are different leh.
Many want to buy, not so many can buy.
With the US rates poising to rise, our Govt knows better not to allow more poorly calculated debt-taking.

Are you one of those who want to and can buy?
May i know which segment you belong to, if so?
Thanks

Edited by Throttle2, 10 February 2014 - 05:48 PM.

I think can go ura website to see transactions, right?

MAS give lifeline....

�

http://www.mas.gov.s...-threshold.aspx

Edited by Strat, 10 February 2014 - 06:05 PM.

�

a lot still want to buy SG properties. Those who are priced out want to buy overseas.

�

The greed and fear factor is at all time high. No one is contented with leaving money in the bank.

�

Stock market can't even smell a 5% correction and bargain hunters are all back in droves�

�

Remember.

�

In SG property, you are playing poker with the biggest BB of all - the SG Govt.

�

Good luck to those who shorted.

Property can short meh?

MAS give lifeline....
�
�
�
http://www.mas.gov.s...-threshold.aspx

Wah this means that many over extended on even their own roofs and not just additional investment properties

Never mind kick the can further down the road and hope a miracle appears

Edited by Enye, 10 February 2014 - 06:11 PM.

Want to buy and can buy are different leh.
Many want to buy, not so many can buy.
With the US rates poising to rise, our Govt knows better not to allow more poorly calculated debt-taking.

Are you one of those who want to and can buy?
May i know which segment you belong to, if so?
Thanks

�

The CM measures have diverted many mom and pop to consider riskier overseas properties that are marketed as "safe". All the usual packaging including 9% gross rental guarantee for 5 years etc

�

Many average couples and worse still, retirees are putting in a significant amount of savings into these properties. These people are not protected by the govt's CM and debt ratio rules. Many can buy overseas cos the upfront can be as low as just $10K all in.

�

i am neither fearful or greedy, i'll buy when i think it is "worthwhile". i have my own valuation of what real estate pricing should be.�

Edited by Wyfitms, 10 February 2014 - 06:11 PM.

Property can short meh?

�

If you are not owning at least one, means you are short lor....

Wah this means that many over extended on even their own roofs and not just additional investment properties

Never mind kick the can further down the road and hope a miracle appears

�

In the meantime pls don't get burned hor

I think its a fair move by MAS.

The key word is "owner occupied"

But lest anyone thinks it makes the market any better. Think again.

If rates up, all kena hit so no change.
For people who are buying to occupy, they are ready to buy anyway. They never really moved this market.

Its the additional or investors who drive demand up. This group are still faced with same rules. No change.

Huat ah.

�
Remember.
�
In SG property, you are playing poker with the biggest BB of all - the SG Govt.
�
Good luck to those who shorted.

With all the CMs, the Govt is telling you in the face to stop the excessive buying and aggressive price escalation.
You wanna go against that?

While i will never ever advise "shorting" , at this point its not all that bad a direction.
Fair risk to assume if one doesnt have any chips besides the primary residence.

i am neither fearful or greedy, i'll buy when i think it is "worthwhile". i have my own valuation of what real estate pricing should be.�

So whats your view of the market now.
Up or down?

�
Remember.
�
In SG property, you are playing poker with the biggest BB of all - the SG Govt.
�
Good luck to those who shorted.

So you buying or not?

Plse take note of point 7. and 8.

MAS giving you tips already, still dont heed?

Attached Thumbnails

will govt consider to tweak absd for foreigner to buy 1st unit for occupancy?
especially unit above $5M ... d9/d10 and not to forget sentosa cove ... hehe [sly]

but how to enforce mop ... anyway ... ssd will take car of this ...

Edited by Wt_know, 10 February 2014 - 08:01 PM.

With all the CMs, the Govt is telling you in the face to stop the excessive buying and aggressive price escalation.
You wanna go against that?

While i will never ever advise "shorting" , at this point its not all that bad a direction.
Fair risk to assume if one doesnt have any chips besides the primary residence.

So whats your view of the market now.
Up or down?

So you buying or not?

There are some D9 freehold units, fairly new, near paragon, low floor about $1800 psf now. It has come down already. It is quite attractive liao. Can't really see it going lower. If I had the money, I would buy lah. But not enough money so hoping for lower lor. If never hit lower then too bad, buy other locations lor. If indeed come down lower, then can buy lah. I have no real position, just go with the wind.

Plse take note of point 7. and 8.

MAS giving you tips already, still dont heed?

Difference between investor and speculator?

Govt is warning speculator, but they don't discourage investing.

I have long accepted that I cannot get rock bottom prices, and cannot accurately time the market. I also didn't buy at the bottom and sell at the peak. Just in between, got feeling, can liao. Make sure can hold lor, that's all.

There are some D9 freehold units, fairly new, near paragon, low floor about $1800 psf now. It has come down already. It is quite attractive liao. Can't really see it going lower. If I had the money, I would buy lah. But not enough money so hoping for lower lor. If never hit lower then too bad, buy other locations lor. If indeed come down lower, then can buy lah. I have no real position, just go with the wind.

Difference between investor and speculator?

Govt is warning speculator, but they don't discourage investing.

I have long accepted that I cannot get rock bottom prices, and cannot accurately time the market. I also didn't buy at the bottom and sell at the peak. Just in between, got feeling, can liao. Make sure can hold lor, that's all.

not just at speculator but at anyone who is going for more than one property
Ok Let me know when your feeling to buy is coming.

the total numbers of people buying in jan 14, would be keen to see the numbers of buyers, buying in Feb [sweatdrop]

Attached Thumbnails

Edited by frenchfly, 10 February 2014 - 08:37 PM.

not just at speculator but at anyone who is going for more than one property
Ok Let me know when your feeling to buy is coming.

Actually hor... for people with household income above a certain level, if don't go expensive holidays, buy expensive cars, spend on expensive hobbies, just live a normal average lifestyle, can pay off a $2m to $3m property within 10 to 15 years easily. Just saying. Not trying to be elitist or anything. But then where's the pleasure in life, right?

everyday eat $3k chap chai pang ... 2 vege + 1 meat ... nothing more

no yearly holiday

no car

no rolex

no fancy restaurant

no branded shoes, bags, clothes, etc

no change iphone every 1.5 years

everything no ... save $1M and suddenly 6-foot under, how?

�

Actually hor... for people with household income above a certain level, if don't go expensive holidays, buy expensive cars, spend on expensive hobbies, just live a normal average lifestyle, can pay off a $2m to $3m property within 10 to 15 years easily. Just saying. Not trying to be elitist or anything. But then where's the pleasure in life, right?

�

Actually hor... for people with household income above a certain level, if don't go expensive holidays, buy expensive cars, spend on expensive hobbies, just live a normal average lifestyle, can pay off a $2m to $3m property within 10 to 15 years easily. Just saying. Not trying to be elitist or anything. But then where's the pleasure in life, right?

Yes agreed.
In fact within 10yrs quite easily.
But most people cannot live life like a table wiper.
They prefer living the high life like an investment banker.

everyday eat $3k chap chai pang ... 2 vege + 1 meat ... nothing more
no yearly holiday
no car
no rolex
no fancy restaurant
no branded shoes, bags, clothes, etc
no change iphone every 1.5 years
everything no ... save $1M and suddenly 6-foot under, how?

.
�
�

No need so cham lah

Edited by Throttle2, 10 February 2014 - 09:43 PM.

Yes 1 in 2 would be millionaire and almost 90% of mcfers owns rolex.

Think they did the survey in Tuas area

�

if 1 in 2 are millionaires, then 50% would be owning rolex shops instead of watches [laugh] [laugh]

haha ... not so cham ... must enjoy small little thing in life ... emeritus said one

�

No need so cham lah

�

Edited by Wt_know, 10 February 2014 - 10:14 PM.

everyday eat $3k chap chai pang ... 2 vege + 1 meat ... nothing more
no yearly holiday
no car
no rolex
no fancy restaurant
no branded shoes, bags, clothes, etc
no change iphone every 1.5 years
everything no ... save $1M and suddenly 6-foot under, how?
�
�

Eh please leh bro... Not expensive holiday doesn't mean no holiday mah, inexpensive food doesn't mean $3 chai png mah, no expensive car doesn't mean take bus mah... There are still pretty decent but not super expensive alternatives to all of the above. Still can buy branded stuff but just not so often lah, make sure the shoes last a couple of years, the watch lasts 20 years like throttle2's submariner, instead of M3 can buy second hand 335i mah, something like that lah

Eh please leh bro... Not expensive holiday doesn't mean no holiday mah, inexpensive food doesn't mean $3 chai png mah, no expensive car doesn't mean take bus mah... There are still pretty decent but not super expensive alternatives to all of the above. Still can buy branded stuff but just not so often lah, make sure the shoes last a couple of years, the watch lasts 20 years like throttle2's submariner, instead of M3 can buy second hand 335i mah, something like that lah

�

Don't like that leh. That time I drove 335 is considered living the high life for me already. I poor man :(

the total numbers of people buying in jan 14, would be keen to see the numbers of buyers, buying in Feb

�

i dont know when river tree and river banks will be launched. If it is in Feb then the numbers will spike. Based on showroom crowd and hearsay�

would be fun facts to know how many folks are buying every month. [:p]

�

like coe watch

Edited by frenchfly, 11 February 2014 - 09:37 AM.

would be fun facts to know how many folks are buying every month.
�
like coe watch

Its more fun to know the bottomline price after discounts and rebates and subsidies.

Its more fun to know the bottomline price after discounts and rebates and subsidies.

�

not a bad idea, then will know what discounts are given

�
Don't like that leh. That time I drove 335 is considered living the high life for me already. I poor man :(

That time 335 was new and expensive mah. Now you see the preowned 335 ads... So affordable lah...

Resale prices of non-landed private homes rise in January for second straight month

�

http://www.straitsti...straight-month-

�

It's like a cockroach, just refuses to die...�

Resale prices of non-landed private homes rise in January for second straight month

�

http://www.straitsti...straight-month-

�

It's like a cockroach, just refuses to die...�

�

�

Just like the COE, drop a few rounds and it will rebound. I couldn't understand why buyers are willing to pay higher than last transacted PSF.

private property price rise except cdl projects else how come cdl chairman cry papa cry mama?

croco tears because earn not enough ... boh ho jiak compare to 2012/2013 [bounce1]

�

like you go to workshop, the boss told you ... best price liao ... earn tampok jit kak neng kak nia ... you know kena chop robert liao [sly]

�

Resale prices of non-landed private homes rise in January for second straight month

�

http://www.straitsti...straight-month-

�

It's like a cockroach, just refuses to die...�

�

�

Edited by Wt_know, 11 February 2014 - 01:00 PM.

�

Just like the COE, drop a few rounds and it will rebound. I couldn't understand why buyers are willing to pay higher than last transacted PSF.

�

market can remain irrational longer than you can remain solvent

�

this will remain long drawn for another few more years before a sustained drop in price

Resale prices of non-landed private homes rise in January for second straight month

�

http://www.straitsti...straight-month-

�

It's like a cockroach, just refuses to die...�

�

�

time for govt to bring out the ultimate weapon

�

I�guess..there is no real need for most pte owner to sell at a lost.

�

HDB upgraders are�bobian ..have to sell within 6 mths that's why sell below COV esp those at low flr.. hardly any buyers for these units.

Even at good time, their COV also min.

�

Some of PR colleagues that are currently renting are also looking at buying soon.. because there is no real saving compared to renting with cold cash even if the price goes down.

those driving car who want to save more money but then can;t stand the public transport�the striaghtforward way is to ride bike.�benefits:

bike <150cc - $7-8k can get you a�nice bike, actually no need loan�one de wat for pay 4% interest for such small sum�

road tax - $80 per yr

parking - hdb $18per month, outside almost zero, most buildings are free actually

maintenance - cheap cheap <$300 per yr

petrol - don think will exceed $50per month, can go JB pump then come back, worth it, no worry of jam. bike is faster but avoid peak hours

�

��

^ whats that got to do with the topic?

those driving car who want to save more money but then can;t stand the public transport�the striaghtforward way is to ride bike.�benefits:

bike <150cc - $7-8k can get you a�nice bike, actually no need loan�one de wat for pay 4% interest for such small sum�

road tax - $80 per yr

parking - hdb $18per month, outside almost zero, most buildings are free actually

maintenance - cheap cheap <$300 per yr

petrol - don think will exceed $50per month, can go JB pump then come back, worth it, no worry of jam. bike is faster but avoid peak hours��

�

Drop in vulnerable road user fatalities

3 The total number of fatalities decreased from 195 in 2011 to 168 last year, while the number of fatal accidents dropped from 192 cases in 2011 to 162 cases in 2012.

�

4 In particular, fatalities involving two vulnerable road user groups namely motorcyclists and their pillion riders, as well as pedestrians declined in 2012. The number of fatalities involving motorcyclists and their pillion riders fell from 99 persons in 2011 to 76 persons in 2012, while total pedestrian fatalities dropped from 49 in 2011 to 44 in 2012, with the number of elderly fatalities showing a decrease from 26 in 2011 to 23 in 2012.

�

�

Out of 163 fatal accidents - 76 persons are motorcyclist and their pillion riders..

�

sorry.. but i rather take public transport.

I�guess..there is no real need for most pte owner to sell at a lost.

�

HDB upgraders are�bobian ..have to sell within 6 mths that's why sell below COV esp those at low flr.. hardly any buyers for these units.

Even at good time, their COV also min.

�

Some of PR colleagues that are currently renting are also looking at buying soon.. because there is no real saving compared to renting with cold cash even if the price goes down.

�

most pte owners will not sell at a loss. U just need 1% of them to firesale (cover stock losses, kanna retrench etc) and u will see a major move in the market

�

i dont know how many "upgraders" will be forced to sell their HDB in the coming few years. I am sure a sizable number in Punggol/ sengkang where many yuppie couples have committed to many of the new ECs & condos that were launched over last 3 years. Many will continue to snap with all these launches thinking they can dispose their pigeon holes for $500K or more in 3 yrs time.

�

When price comes down, rental will also drop. it could make sense for a PR or foreigner to rent when that time comes depending on the prevailing interest rates�

Resale prices of non-landed private homes rise in January for second straight month
�
http://www.straitsti...straight-month-
�
It's like a cockroach, just refuses to die...�

Its this misleading piece of news that they try to continue to hold.
Reported PSF prices remain but developers give discounts and rebates and subsidies and ID packages etc....so actual PSF has dropped easily up to 10% for many projects.

So who here is buying? Kee chiu!! Kee chiu!!
I say kee chiu!!,!

Dont have? Case close.

I hit 10mil toto i buy!!! I BUY 10!!!

Its this misleading piece of news that they try to continue to hold.
Reported PSF prices remain but developers give discounts and rebates and subsidies and ID packages etc....so actual PSF has dropped easily up to 10% for many projects.

So who here is buying? Kee chiu!! Kee chiu!!
I say kee chiu!!,!

Dont have? Case close.

�

No time to kee chiu

�

all are squeezing in at seng kang.. got money also cannot buy.. have to ballot sia

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Edited by Wyfitms, 11 February 2014 - 02:14 PM.

Best Layout award *casa cambio* *SGD$780,000 - $1,545.50psf*

Edited by Mockngbrd, 11 February 2014 - 02:30 PM.

�

No time to kee chiu

�

all are squeezing in at seng kang.. got money also cannot buy.. have to ballot sia

�

Lol. T2 is asking at the wrong place. If he goes to the showroom now and throw this question, all will kee chiu and kee kah.

�

Lol. T2 is asking at the wrong place. If he goes to the showroom now and throw this question, all will kee chiu and kee kah.

�

LOL

�

the last showflat i went to, people were screaming with joy when their ballot number was called.

�

one might have mistaken that they struck the toto..

�

or perhaps being able to buy a condo in SG is as fortuitous as striking toto

Best Layout award *casa cambio* *SGD$780,000 - $1,545.50psf*

�

�

�

�

Wow

�

quick quick go and call this agent! freehold condo less than $800K mai tu liao

What makes this design award winning? What's so special with a pathetic 500 sqft sized unit?

�

Best Layout award *casa cambio* *SGD$780,000 - $1,545.50psf*

�

�

LOL

�

the last showflat i went to, people were screaming with joy when their ballot number was called.

�

one might have mistaken that they struck the toto..

�

or perhaps being able to buy a condo in SG is as fortuitous as striking toto

�

Wow

�

quick quick go and call this agent! freehold condo less than $800K mai tu liao

�

Sounds more exciting than P1 registration balloting exercise.

�

market can remain irrational longer than you can remain solvent

�

this will remain long drawn for another few more years before a sustained drop in price

�

time for govt to bring out the ultimate weapon

�

Wah lao

�

Machiam wearing infinity rings...

As long as price dip a little bit, ppl rush in to buy, think prices won't drop much.

For prices to drop more, must be ppl lose jobs, no money, have to fire sale... Like that time 10 years ago nobody wanted to buy, agents and developers all begging customers to buy lah please buy lah... Hahaha

If want prices to drop, either SG go into depression or very bad recession, or everybody must pakat die die don't buy and force sellers to reduce prices. How to pakat?

�
Lol. T2 is asking at the wrong place. If he goes to the showroom now and throw this question, all will kee chiu and kee kah.

I am just trying to be neutral.
In any case, not all will kee kah kee chiu becos many are not buying for investment at this point.
Many are buying to use, to stay or live in .

So you buying or not??

As long as price dip a little bit, ppl rush in to buy, think prices won't drop much.

For prices to drop more, must be ppl lose jobs, no money, have to fire sale... Like that time 10 years ago nobody wanted to buy, agents and developers all begging customers to buy lah please buy lah... Hahaha

If want prices to drop, either SG go into depression or very bad recession, or everybody must pakat die die don't buy and force sellers to reduce prices. How to pakat?

You still dont think the direction is down 10-20% in the next two years, huh....

This is crazy....i still strongly believe all these pple are buying for own stay, i hope. While my family have been selling most of our properties, there are still so many buying ...ok i have nothing to say. I think if my dad sees this he will faint lol.

As long as price dip a little bit, ppl rush in to buy, think prices won't drop much.

For prices to drop more, must be ppl lose jobs, no money, have to fire sale... Like that time 10 years ago nobody wanted to buy, agents and developers all begging customers to buy lah please buy lah... Hahaha

If want prices to drop, either SG go into depression or very bad recession, or everybody must pakat die die don't buy and force sellers to reduce prices. How to pakat?

i always believe that banks are one of those business that lends you an umbrella when the weather is fine and takes it back when it starts to rain.

�

even if really recession, prices drop by half, will the bank you us money?

i always believe that banks are one of those business that lends you an umbrella when the weather is fine and takes it back when it starts to rain.

�

even if really recession, prices drop by half, will the bank you us money?

�

that is why in a down market, prices falls much faster than it took to go up

�

banks will under value properties. thereby exacerbating the fall further

�

So moral of story - keep enough cash and bring it out when showflats are a ghost town

�

that is why in a down market, prices falls much faster than it took to go up

�

banks will under value properties. thereby exacerbating the fall further

�

So moral of story - keep enough cash and bring it out when showflats are a ghost town

so true.... lol

This is crazy....i still strongly believe all these pple are buying for own stay, i hope. While my family have been selling most of our properties, there are still so many buying ...ok i have nothing to say. I think if my dad sees this he will faint lol.

Mate, actually it isnt all that crazy.
If we look at units being sold, they belong to the mid to low segment where quantum is low.
Say it however way they want, this group can be liken to the "retail" group.
The group that is at the tail end of the mkt.

Just like in other types of markets, the retail and lower end category is the one that suffers being the last mover.

Thats whats happening now. The higher end category which is usually the first mover is kind of a leading indicator although nothing is ever perfectly accurate. The ones who truly can move the market are staying out leaving only the ikan bilis like us to hold the burning rope.

Mate, actually it isnt all that crazy.
If we look at units being sold, they belong to the mid to low segment where quantum is low.
Say it however way they want, this group can be liken to the "retail" group.
The group that is at the tail end of the mkt.

Just like in other types of markets, the retail and lower end category is the one that suffers being the last mover.

Thats whats happening now. The higher end category which is usually the first mover is kind of a leading indicator although nothing is ever perfectly accurate. The ones who truly can move the market are staying out leaving only the ikan bilis like us to hold the burning rope.

1500 plus per sq ft for that location?? Seriously did they ever sit down n think if it is worth that much in 5 years? Bro no joke....,maybe they have few millions in cash unlike me.

Mate, actually it isnt all that crazy.
If we look at units being sold, they belong to the mid to low segment where quantum is low.
Say it however way they want, this group can be liken to the "retail" group.
The group that is at the tail end of the mkt.

Just like in other types of markets, the retail and lower end category is the one that suffers being the last mover.

Thats whats happening now. The higher end category which is usually the first mover is kind of a leading indicator although nothing is ever perfectly accurate. The ones who truly can move the market are staying out leaving only the ikan bilis like us to hold the burning rope.

Developers are buying GLS plots at crazy prices too. And they are the ones who can move markets.

I hit 10mil toto i buy!!! I BUY 10!!!

strike 10mil toto also can only buy 6-7 units of 1 million properties... U forgot u have to pay 15% ABSS and the regular 3% stamp duty... Sorry burst your bubble

I am just trying to be neutral.
In any case, not all will kee kah kee chiu becos many are not buying for investment at this point.
Many are buying to use, to stay or live in .

So you buying or not??

You still dont think the direction is down 10-20% in the next two years, huh....

Of course I think it will go down 10-20%, some of the prime and value for money ones like Cairnhill Crest maybe down 5% only from here on. The HDB heartland ones will bear the brunt of 20%.

But this isn't a crash, just a dip. As long as ppl don't stop buying, the dip is 20% thereabouts at most.

If you want 50% down, something very drastic must happen.

�
LOL
�
the last showflat i went to, people were screaming with joy when their ballot number was called.
�
one might have mistaken that they struck the toto..
�
or perhaps being able to buy a condo in SG is as fortuitous as striking toto

�
Wow
�
quick quick go and call this agent! freehold condo less than $800K mai tu liao

aiyo... The 2 bedders older freehold at pair risk can get below 1million... Some more have rental of $2300 per month.. Why need to buy uncompleted property..

I have a feeling at this point in time, even capital gains tax will not affect the buying much. Maybe fewer buyers, but not to the point of show flats becoming ghost towns. People seem like they are buying for occupying, or for their parents, or their children... the kiasu syndrome setting in. Irrational fear of not owning something for the future. Khaw made it worse when he announced "tapering" of residential land sales. And I suspect many are cash rich Asian foreigners.

aiyo... The 2 bedders older freehold at pair risk can get below 1million... Some more have rental of $2300 per month.. Why need to buy uncompleted property..

It's like cars and watches. People die die must buy brand new.

Dun like that leh, my pigeonhole is less than 500 sqft.

Of course I think it will go down 10-20%, some of the prime and value for money ones like Cairnhill Crest maybe down 5% only from here on. The HDB heartland ones will bear the brunt of 20%.

But this isn't a crash, just a dip. As long as ppl don't stop buying, the dip is 20% thereabouts at most.

If you want 50% down, something very drastic must happen.

Yup i never talk about a 50% crash
I hv been talking about 20% drop overall

1500 plus per sq ft for that location?? Seriously did they ever sit down n think if it is worth that much in 5 years? Bro no joke....,maybe they have few millions in cash unlike me.

Exactly, this group is not known to think much or well, they just follow the crowd.
No i dont think they hv a few million in cash.
When this group continues to buy, its time to sell....

they are crazy and knowing that, then the current price movement is ecpected its understandably driven by them. See how long they can last

Yup i never talk about a 50% crash
I hv been talking about 20% drop overall

To many cash rich people, foreigners especially, a 10% to 20% drop in value is small potatoes. Of course this is alien to us penny pinchers but to them, what's a 10-20% drop in price when their buyers' stamp duty is already 10%? They want to secure properties first and foremost, and less interested in whether their properties can make money or not, or if they are buying at peak/trough. If you have dealt with filthy rich Chinamen before, and I literally mean filthy, you will know what I mean. This is not hard-earned blood and sweat money like ours.

For the rest of the owners, including those holding multiple properties, they look at their sellers stamp duty and they seem to prefer to hold on to their properties. They have no need to "cut loss" or so it seems. For these people, making or losing a few % does not interest them.

Maybe we are approaching this the wrong way, we are approaching this like liquid markets like stocks and commodities. To many foreign filthy rich folks from screwed up third world countries, Singapore properties are like blue chip long term stocks, buy already keep under the pillow, and best of all it represents a perfectly legal brick and mortar vehicle to stash their wealth in.

Developers are buying GLS plots at crazy prices too. And they are the ones who can move markets.

Let me shed some light here.

Developers are developers.
No land no build no business
Just like car dealers.
No COE no cars to sell No business

Moreover developers who have been in this market long enough can still hve reasonable average cost psf.

Notice that it the smaller developers who are paying bigger money?
They got no choice otherwise its game over for them.
So faced with prolong game with possible loss or immediate game over, whih do you choose?
Of course they choose to prolong the game. So they have to buy at high prices.

The big guns with landbanks are holding back.

Let me shed some light here.

Developers are developers.
No land no build no business
Just like car dealers.
No COE no cars to sell No business

Moreover developers who have been in this market long enough can still hve reasonable average cost psf.

Notice that it the smaller developers who are paying bigger money?
They got no choice otherwise its game over for them.
So faced with prolong game with possible loss or immediate game over, whih do you choose?
Of course they choose to prolong the game. So they have to buy at high prices.

The big guns with landbanks are holding back.

�

Yes buying, building and selling is their business.� No land, no business.� It is the smaller developers who have no choice but to buy.� The bigger ones are holding back on purchases.

�

However if you look at it the other way, if everybody knows property prices will drop, why are the developers with landbanks not selling some of their stock now?� Sell now can get higher price than if sell later, right?� And sell already got money to save for later purchases, right?

�

Because the truism remains that land is a precious commodity, if you have it, keep it, don't sell.

�

Also there is a big possibility that despite the current gloom, there is a high chance that the market will not crash and any dip will be met with a rebound.

�

And developers also know that if sell already, keep cash, later no more GLS, any land they buy in the future will cost a lot more than their holding cost of current stock/landbank.

�

As developers 10%, 20% drop is less fearful than not holding any land to sell.� Which is almost the same mentality as some buyers, the fear of not having any property (or properties) overwhelms the possibility of a mere 10-20% drop in value of their properties.

�

Lastly, given the large economic pie the construction and property sector takes up, along with home loans business of local banks, you can bet that the SG Govt is on the developers' side.

Edited by Viceroymenthol, 11 February 2014 - 05:46 PM.

�
Yes buying, building and selling is their business.� No land, no business.� It is the smaller developers who have no choice but to buy.� The bigger ones are holding back on purchases.
�
However if you look at it the other way, if everybody knows property prices will drop, why are the developers with landbanks not selling some of their stock now?� Sell now can get higher price than if sell later, right?� And sell already got money to save for later purchases, right?
�
Because the truism remains that land is a precious commodity, if you have it, keep it, don't sell.
�
Also there is a big possibility that despite the current gloom, there is a high chance that the market will not crash and any dip will be met with a rebound.
�
And developers also know that if sell already, keep cash, later no more GLS, any land they buy in the future will cost a lot more than their holding cost of current stock/landbank.
�
As developers 10%, 20% drop is less fearful than not holding any land to sell.� Which is almost the same mentality as some buyers, the fear of not having any property (or properties) overwhelms the possibility of a mere 10-20% drop in value of their properties.
�
Lastly, given the large economic pie the construction and property sector takes up, along with home loans business of local banks, you can bet that the SG Govt is on the developers' side.

Developers are not in the business of buying and selling land for immediate profits.
Developers are in the business of developing and adding value to a piece of land for sale or rent so as to make many more times profit
Developers are not in the game for 2 yrs 3 yrs 5yrs.
They are in it for much much longer than that.
It is exactly that which makes them resilient to short term swings.
So they may continue to buy some whether high or low.
Its like how some long term investors do their averaging.
High also buy low also buy. As long as got inventory , the business can continue.
But clearly those with strong landbanks are not really too keen to load up.
This i repeat explains the reason why we see the smaller ones winning the bids lately.
Becos they got no "inventory" so they LL hv to buy.

I am not saying that market will crash 50%
I am not denying that in the long run (beyond) 10yrs 20yrs, property will move up.
But for now for sure i see no upside for property investors in the short term
Not sure which part of that you disagree in.

Anyway i hv said my piece and the folks here can read and decide for themselves if what i say makes any sense. So i leave it as that

fight liao fight liao

�

haiyo how much those developers paid u to fight for them? haha

fight liao fight liao
�
haiyo how much those developers paid u to fight for them? haha

I think viceroy and myself agree with most points .
Just that he firmly believes that market wont come off at all, while i feel it will, 20%

Doesnt matter either ways becos the most important is putting money where the mouth is as i said.
I do that all the time, so even if wrong, at least i made my move.

Thats all.

I think viceroy and myself agree with most points .
Just that he firmly believes that market wont come off at all, while i feel it will, 20%

Doesnt matter either ways becos the most important is putting money where the mouth is as i said.
I do that all the time, so even if wrong, at least i made my move.

Thats all.

but gahmen wont allow 20% fall, at most 10% or less, if more than that maybe they just take off the ABSD and loan ratio.�

�

so at most u get to save on the ABSD money

To many cash rich people, foreigners especially, a 10% to 20% drop in value is small potatoes. Of course this is alien to us penny pinchers but to them, what's a 10-20% drop in price when their buyers' stamp duty is already 10%? They want to secure properties first and foremost, and less interested in whether their properties can make money or not, or if they are buying at peak/trough. If you have dealt with filthy rich Chinamen before, and I literally mean filthy, you will know what I mean. This is not hard-earned blood and sweat money like ours.

For the rest of the owners, including those holding multiple properties, they look at their sellers stamp duty and they seem to prefer to hold on to their properties. They have no need to "cut loss" or so it seems. For these people, making or losing a few % does not interest them.

Maybe we are approaching this the wrong way, we are approaching this like liquid markets like stocks and commodities. To many foreign filthy rich folks from screwed up third world countries, Singapore properties are like blue chip long term stocks, buy already keep under the pillow, and best of all it represents a perfectly legal brick and mortar vehicle to stash their wealth in.

Are these cash rich buyers here, now? Nope they are not.

Those who are holding, is there a need to cut? Nope, but nobody likes to see red on a valuation report and it isnt a question of need to cut or not. As long as they see that opportunity knocks elsewhere, they would rather take a small hit.

Anyway, thats history. We talk current.
how many of these super cash rich are out there looking to buy loads of properties in Sg now?
Definitely not as many. Rich also not stupid mah.

but gahmen wont allow 20% fall, at most 10% or less, if more than that maybe they just take off the ABSD and loan ratio.�

�

so at most u get to save on the ABSD money

�

How you know gov�wont allow�more than 20% fall �? You gov huh ?

but gahmen wont allow 20% fall, at most 10% or less, if more than that maybe they just take off the ABSD and loan ratio.�
�
so at most u get to save on the ABSD money

20% is not a big drop as it has gone up a lot.
The Govt knows that the market needs to absorb a drop and hv the ability to absorb it.
It is healthier than prices ballooning

And you think the Govt can so precisely "allow" or "disallow" the percentage fall? Hahah

By the way, the Govt slapping so many CMs is already telling you that they are ready to take the market down! Signal so in your face you still dreaming ah??

Edited by Throttle2, 11 February 2014 - 09:17 PM.

�

How you know gov�wont allow�more than 20% fall �? You gov huh ?

more than 20% fall in property price will affect the wealth of singaporean, u say le as govt would u want property suddenly drop so much? this is property, talking about millions here

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 18

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