mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 30

Home prices to dip 10 to 20%: OCBC
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first ... 5% top
second .... 10-15% top
now ... 20% top
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waiting for T2 comment ....
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https://sg.news.yaho...21--sector.html
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Brother, what more you want me to say?
I already said until chwee tah liao.....

"Not yet"
got money no scared no property.
Let them fire their bullets first.

Little recourse for property agents
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http://www.straitsti...agents-20140626
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ehh ... i thought anyone walk in to showroom now is VVIP liao ... lol
who got moolah who is VVIP ... T2 would be VVVVVVVVVVVVVVIP

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I walk in, no agent will hew me.....dress in t shirt and bermudas usually.

Brother, what more you want me to say?
I already said until chwee tah liao.....

"Not yet"
got money no scared no property.
Let them fire their bullets first.

I walk in, no agent will hew me.....dress in t shirt and bermudas usually.

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Plus your Bally shoes [laugh]

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Plus your Bally shoes

My Bally trainers are super discrete type. The Bally word can hardly be seen.
Unless they have an eye for these things.
Especially on days that i dont wear any gold watch
Muayhahah

Edited by Throttle2, 27 June 2014 - 08:16 AM.

Brother, what more you want me to say?
I already said until chwee tah liao.....

"Not yet"
got money no scared no property.
Let them fire their bullets first.

I walk in, no agent will hew me.....dress in t shirt and bermudas usually.

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don't bother with all these analyst reports. as good as not reading�

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there is an urban myth amongst property agent that this old uncle in white singlet and shorts rode a bicycle to a showflat.

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To avoid serving him and wasting a queue, the senior director pretended to go toilet and let the next agent (a newbie) in line to serve the old man.

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turned out that the old man bought 2 penthouses for himself and his son.

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moral of the story - those who dress down in showflat are usually the rich ones� [laugh] � [laugh] � [laugh]

Singaoirebikeforum got thread say someone up property agent wo. Maybe now go Showflat get to see Neh Neh liao?

Singaoirebikeforum got thread say someone up property agent wo. Maybe now go Showflat get to see Neh Neh liao?

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look like your avatar bo

I thought max 20% drop....this place drop 25% liao

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$1800psf...those auction properties can buy $1000psf or not?

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Sentosa condos feel the blues

lee meixian

.com.sg'>leemx.com.sg �

print�|email this article

About two in five Sentosa condominium units have resold at a loss in the past year, symptomatic of the plight of luxury homes here, as financing restrictions put off buyers, industry watchers say - PHOTO:�KEPPEL CORP

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Losing their shine

Singapore

ABOUT two in five Sentosa condominium units have resold at a loss in the past year, symptomatic of the plight of luxury homes here, as financing restrictions put off buyers, industry watchers say.

Since May last year, 31 units have changed hands at six Sentosa projects: Marina Collection, Seascape, The Azure, The Berth, The Coast and The Oceanfront, according to data compiled by STProperty.sg from URA Realis.

The profitability findings is in line with data gathered by HSR Research which shows resale prices at the plush Sentosa district falling 25 per cent to about $1,800 psf in the first five months of this year, compared to around $2,400 psf over the Jan-May 2013 period.

That said, the price movements tend to be volatile, given the single-digit number of transactions each month. There were just five transactions altogether this year, and none in the months of February, March and May.

Of the 31 transactions in the past year, profitability analysis could not be done for seven because caveats, which include information on purchase prices, were not lodged for the units. Profitability is calculated by subtracting purchase prices from selling prices. Of the remaining 24 transactions, 10 resold at a loss.

Among the loss-making transactions, four were units at The Berth, the debut project at the Cove which was launched in 2004 and completed in 2006. Three units made losses at The Oceanfront, two at the Coast, and one at the Azure.

Two in particular made seven-digit losses. A 2,982 sq ft unit at The Oceanfront sold for $5.65 million ($1,895 psf) in November last year, after it was purchased in April 2008 for $7.2 million ($2,415 psf) - a $1.55 million loss.

Another 2,820 sq ft unit at The Coast sold for $4.8 million ($1,702 psf) in January this year, two years after it was purchased at $6 million ($2,128 psf). This was a $1.2 million loss.

SLP International executive director Nicholas Mak suggests that this could be due to owners struggling to find tenants for their units amid the weak leasing market. Some may also not be able to secure high enough rental rates to service their loans. (Most Sentosa homes are bought not for own occupation, but as investment.) "So they may find it a better option to just liquidate," he said, adding that the location is also not the most convenient for expats to commute to the mainland for work.

Another industry watcher added that buyers who bought units at $2,100 psf and above appear to have "overpaid". Those who profited from their resale deals mostly bought in at lower psf prices; a handful even got their units at $800, $900-plus psf back in 2006.

Meanwhile, several Sentosa Cove units are also up for sale at auction houses here. A 2,777-sq-ft unit at Turquoise condo, put up for sale by a lender at a Colliers' auction this week, yielded no bids, despite having reduced its opening price to $4 million from its previous $5 million.

Two Sentosa homes are up for auction by DTZ, both by lenders, one at Turquoise and another at Marina Collection. Another four are for sale by private treaty (akin to private negotiations) by JLL - two at Turquoise and two at Marina Collection.

Typically, banks repossess homes and put them up for auction as part of a repayment structure when delinquent mortgagors (borrowers) are unable to find buyers and dispose of their properties themselves.

JLL's head of auction and sales, Mok Sze Sze, said: "The owners of the two Turquoise units bought them at $7 million each, which is quite difficult to match in the current market.

"Auctioning is a good method to garner all interested parties in a room to competitively bid. Potentially, the owner can also expect to get the optimum price because it's a competitive method of sale."

Meanwhile, some Sentosa condos such as Cape Royale and The Residences at W have made strategic decisions to lease out their unlaunched units instead, given current soft condo prices on the Cove.

Roaring sales in the waterfront enclave back in 2006-2008 were hit by the financial crisis and had hardly recovered when the private housing market succumbed to successive rounds of cooling measures from 2009. The way Mr Mak sees it: "For property prices anywhere, what goes up will also come down."

{C} {C}

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cannot sell then just lease out lor

does this mean the rule of enforcing developer must sell all units after TOP is not working

anyway, can anyhoo register a company to buy unsold units and lease out

there is a will, there is a way? hehe

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Meanwhile, some Sentosa condos such as Cape Royale and The Residences at W have made strategic decisions to lease out their unlaunched units instead, given current soft condo prices on the Cove.

Edited by Wt_know, 28 June 2014 - 09:58 AM.

The question is got tenant or not?

hmm ... may be can setup high class chicken farm? lol

you are right ... with abundance of completed condo ... supply is more than demand ....

now is buyer and tenant market [thumbsup]

i listen to a wise man advice ... NOT YET

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The question is got tenant or not?

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Edited by Wt_know, 28 June 2014 - 10:02 AM.

sentosa cove not safe lah

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AMDK can walk in and beat people up one

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Huat ah
Developers make lots ans lots ofmoney

Agents make loads of comms

Everybody huat ah

Attached Thumbnails

What a nice HDB looking and living "condo"

Huat ah! Those whose bot Interlace MUST be sitting on huge paper profits by now right???

Wow, i should have bot, my foresight sibei lousy. Sigh
Dip???

Our resident property expert told me that prices stand as firm as a rock leh.
Something is not right
Must be my bad eyesight and poor hearing
Recent profitable
Wahahahahahahahsha
Who lost money when purchased in 2009 and 2002? Kee chiu!
I want to laugh me head off

Why dont they check back on those bought 20yrs ago, wahahaha
This just shows how screwed the market really is.
Show me a true winner in the last 2yrs at least something

Attached Thumbnails

cannot sell then just lease out lor
does this mean the rule of enforcing developer must sell all units after TOP is not working
anyway, can anyhoo register a company to buy unsold units and lease out
there is a will, there is a way? hehe
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They use the word "strategic" very kindly.
If can sell, do you think they want to lease, heeeheee.
Now leasing is also a problem in itself......wahahah....
Buy unsold units also need to pay stamp.

ps forgot the pic
Here it is
Show recent profits wahahahaha of units bot in 2009 and even 2002..

How cool!

Attached Thumbnails

Depends what is your 50% lah..

Jurong/Clementi pte to go back to 700psf.. is very possible. You can say that's 60% drop compared to Jgateway..

As spoken earlier.. i think that price will moderate to
700-800psf for OCR (LH), 800-900psf for FH/next to mrt
800-900psf RCR (LH), 1000-1200psf for FH/next to mrt
1000-1200psf CCR (LH), 1400-1500psf for FH/next to mrt

HDB will hover ard 300psf - 600psf

% drop .. depends what is the price you are comparing too.

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Let see what i mentioned Sept 2013 will come true.. :P

T2's pic already pretty close to my estimate..

thing it's should bottom-out at the low end of my estimates.

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[quote name="Chucky2007" post="5040981" timestamp="1384768758"]

Property market crashed already? This topic page 60 liao[/quote

where got crash , Duo Residence 2600 psf .

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think havent crash yet at page 175.. but definitely going down..

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Duo Residence 2600psf.. still selling at this price now ?

Edited by ShepherdPie, 30 June 2014 - 09:51 AM.

analyst sibei keng one

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1st said ... price correction probably impact more on high end condo ... mass market condo little impact as the price point is just right for the masses

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then another day said ... price correction will impact mass market condo because of abundance of completed condo coming till 2016 and there is no critical selling point or uniqueness of mass market condo ... pricing is everything

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so ... what talking?

Edited by Wt_know, 30 June 2014 - 10:03 AM.

analyst sibei keng one

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1st said ... price correction probably impact more on high end condo ... mass market condo little impact as the price point is just right for the masses

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then another day said ... price correction will impact mass market condo because of abundance of completed condo coming till 2016 and there is no selling point or uniqueness of mass market condo ... pricing is everything

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so ... what talking?

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talk here talk there also no use

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question is... who can get a real 20% discount from developer? Now already July, waited for almost a year liao and developer still not budging leh

if the land was bided at $700psf for the past few years ...

how can developer sell below $1000psf? $700 + $500 = $1200psf ... this is the typical $psf for mass market condo at ulu jurong & pasir ris

of course larger size will be slightly cheaper but $ is paid for gigantic balcony or patio ... lol

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if i want to buy below $1000psf ... then i can only wait for new new project which developer will bid at $500psf (not happening yet wor)?

is it?

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talk here talk there also no use

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question is... who can get a real 20% discount from developer? Now already July, waited for almost a year liao and developer still not budging leh

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Edited by Wt_know, 30 June 2014 - 10:12 AM.

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talk here talk there also no use

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question is... who can get a real 20% discount from developer? Now already July, waited for almost a year liao and developer still not budging leh

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who cares abt developers, the real fire sales are in resale mkt now. so many units for sale n negotiable some more

if the land was bided at $700psf for the past few years ...

how can developer sell below $1000psf? $700 + $500 = $1200psf ... this is the typical $psf for mass market condo at ulu jurong & pasir ris

of course larger size will be slightly cheaper but $ is paid for gigantic balcony or patio ... lol

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if i want to buy below $1000psf ... then i can only wait for new new project which developer will bid at $500psf (not happening yet wor)?

is it?

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some say don't care what price developers pay. If supply too much, developers will all go kee siao and start slashing prices LOL

yes yes yes ... i'm waiting for developers to slash prices

hearsay no price war wor ... developers like all cartels in spore ... you scratch my back i scratch yours?

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some say don't care what price developers pay. If supply too much, developers will all go kee siao and start slashing prices LOL

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Edited by Wt_know, 30 June 2014 - 10:20 AM.

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who cares abt developers, the real fire sales are in resale mkt now. so many units for sale n negotiable some more

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yeah firesale in resale. Dunno why those people so desperate to chiong new projects at $1,300 psf. For the same price can get better location and FH somemore

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And dunno why so many middle class cannot afford 2nd ppty in SG all chiong cambodia and burma and iskandar.�

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newspaper all say prices going to continue to drop, MAS warn ppl about overseas investment.. all these people don't read newspaper ah? No patience to wait for the price to drop?

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or is demand simply too hot to handle?� �

yes yes yes ... i'm waiting for developers to slash prices

hearsay no price war wor ... developers like all cartels in spore ... you scratch my back i scratch yours?

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u heard of REDAS?� � �

don't say like that leh ...

if no one buy high ... where got price correction

if no one buy low ... how to sell high to make money to buy rolex and drive porsche .... lol

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in stock market ... if everyone buy and sell same price ... sgx can close shop liao ...

Edited by Wt_know, 30 June 2014 - 10:25 AM.

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yeah firesale in resale. Dunno why those people so desperate to chiong new projects at $1,300 psf. For the same price can get better location and FH somemore

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coz d avg rich guy is a lazy prick who doesnt want to go thru the hassle of inspecting resale units & doing some DIY to renovate the place etc. it requires alot more time to buy a resale unit coz need to visit places etc whereas new unit can just buy offplan
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Edited by Duckduck, 30 June 2014 - 10:26 AM.

but something we cannot say out loud [lipsrsealed] � ... muahahahaha

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u heard of REDAS?� � �

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Edited by Wt_know, 30 June 2014 - 10:28 AM.

Well, not sure whether you guys noticed, whenever there is world cup, there is always a financial crisis in the world either 1 year before or 1 year after

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1990 - Japan asset bubble burst, Swedish banking crisis

1994 - Mexico Economic Crisis

1997/8 - Asian Financial Crisis

2001/2 - Dot com burst, Sars

2006/7 - US subprime

2010 - Eurozone sovereign debt Crisis

2014/15 - ???

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haha ... anything can happen la

even this guy kena blamed for years already.

there is a theory name after him ... Ting Hai Effect ... lol whenever he come up new drama ... market is going to tank

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Well, not sure whether you guys noticed, whenever there is world cup, there is always a financial crisis in the world either 1 year before or 1 year after

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1990 - Japan asset bubble burst, Swedish banking crisis

1994 - Mexico Economic Crisis

1997/8 - Asian Financial Crisis

2001/2 - Dot com burst, Sars

2006/7 - US subprime

2010 - Eurozone sovereign debt Crisis

2014/15 - ???

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Edited by Wt_know, 30 June 2014 - 11:22 AM.

haha ... anything can happen la
even this guy kena blamed for years already.
there is a theory name after him ... Ting Hai Effect ... lol whenever he come up new drama ... market is going to tank
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haha he got any show this year?

Well, not sure whether you guys noticed, whenever there is world cup, there is always a financial crisis in the world either 1 year before or 1 year after

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1990 - Japan asset bubble burst, Swedish banking crisis

1994 - Mexico Economic Crisis

1997/8 - Asian Financial Crisis

2001/2 - Dot com burst, Sars

2006/7 - US subprime

2010 - Eurozone sovereign debt Crisis

2014/15 - ???

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Worker Party win GE big time ... SGX trumble , pty crash , FTs run roads ?

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who cares abt developers, the real fire sales are in resale mkt now. so many units for sale n negotiable some more

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there are some discounts but my friend who is looking says some of these are being transacted

seems like resale is picking up after some of the sellers lowering their asking prices.

He's 1st time buyer. Lol wedding in jan 2015.

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there are some discounts but my friend who is looking says some of these are being transacted
seems like resale is picking up after some of the sellers lowering their asking prices.
He's 1st time buyer. Lol wedding in jan 2015.

But of course some will be transacted.
Buyers in the market for proper size units are mostly first timers and real demand.
Investment and speculative demand is super thin, the higher the price category.

Visited a friends mikey moose apartment 495sq ft incld balcony... Ho my dog so small,didn't know where to sit!

but if this unit is right smack in shenton way or marina bay ... it's a proud statement for many especially single male

sure can pick up mei mei at butter factory or avalon ... walking distance to home ... lol

recently, reading of Zouk closing down and some commented living at the condo next to Zouk is a +1 point > said by property agent previously ... muahahaha

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Visited a friends mikey moose apartment 495sq ft incld balcony... Ho my dog so small,didn't know where to sit!

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Edited by Wt_know, 01 July 2014 - 09:52 AM.

haha he got any show this year?

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banned from making new shows already

Visited a friends mikey moose apartment 495sq ft incld balcony... Ho my dog so small,didn't know where to sit!

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can sit on her�

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can sit on her�

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didn't know u are lgbt

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didn't know u are lgbt

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woah guy ah then siam far far lol

Is Paying Just 5 Times Your Annual Income for a Property Realistic?

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muahahaha ... it is precisely this kind of lame thinking that lead the developer to build smaller and expensive $1.2M to $1.5M

CAN afford? lol ... the CAN afford is die die must buy la ... 2.8% interest for 28 years ... what a joke ... lol

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might as well say can take 50 years loan .... condo would be fking cheap then ...

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JC must be a property agent ... lol

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The five times of income to property price ratio is quite ridiculous. I feel that this ratio is only applicable during the �mata wear khaki shorts� days. How can one ever find such a low ratio of five times in today�s context? No way, even if the property market is to crash, or rather correct. Nevertheless, I would definitely wish such a ratio would still hold today, and I would bet all my money into property.
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Example: a couple earns $15,000 per month, which annually would be $180,000. At five times, they can only afford a property that is $900,000, which can only buy a 2-bedder condo at an RCR or OCR location in Singapore. If the couple has kids, then I think it�s pretty difficult to live in a smallish 2-bedder of approximately 75 to 85 square meters with a maid!

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Rather, many couples CAN afford properties at $1.2 to $1.5 million and above when their income is approximately $10,000 per month, which is a 10x rather than 5x ratio. With savings of $400,000 to $500,000 (approximately 30% of $1.5mil), they can easily afford the mortgage at $3,000 per month (2% interest rate over 28 years). A savings of $400,000 is not difficult to achieve for a couple (both university grads) who have worked for 10 years possibly with a little help from their parents, say $50,000 to $80,000.

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In a nutshell, the 3-3-5 rule is skewed towards an unrealistic scenario which is unlikely to happen in Singapore (for Rule #3). We need to be realistic about the current pricing, current market, and hopefully, capitalize or gain from it through long term investment or enjoyment of the property. If we stick to this rule, we will NEVER buy a property (condo, that is) in Singapore, unless we earn $25,000 per month income combined for a couple. (i.e. $12,500 each!)

Edited by Wt_know, 01 July 2014 - 08:35 PM.

JC probably has a household income of 10k and probably bought a condo at "1.2 to $1.5 million and above" :ph34r: �

My household earn half of that and I find buying 400k bto hdb is already siow....., this guy talk about 10k buying million dollar condo.... Cool chap.... .Hehehe

JC could be rich la ... he probably got 2-3 condo to let go now and no buyer because someone suggested 3-3-5 rule ... muahahahaha

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just like 1-2 years ago ... always hear propnex said $1.2M-$1.5M condo is as cheap as it gets ... somemore what you want?

Edited by Wt_know, 01 July 2014 - 09:31 PM.

I notice in Jun, there is some real demand coming from folks who cant loon already. So several more transactions in Jun.

Let this thin out more.

Not yet!

already said last year that any real drop will only be seen in 2015 earliest.

just in time for 2016 GE .... huat ah [thumbsup]

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already said last year that any real drop will only be seen in 2015 earliest.

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A savings of $400,000 is not difficult to achieve for a couple who have worked for 10 years

:(�� i failure��

Edited by Mockngbrd, 02 July 2014 - 11:10 AM.

:(�� i failure��

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don;t be harsh on yourself

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in SG, 99% are failures.

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0.9% are "typical" or "normal"

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0.1% are white elites

:(�� i failure��

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nehmind we failure together but not in�a gay way.

My household earn half of that and I find buying 400k bto hdb is already siow....., this guy talk about 10k buying million dollar condo.... Cool chap.... .Hehehe

I thought EC are selling at close to a million buck for those earning 12k and below. You too conservative.

I thought EC are selling at close to a million buck for those earning 12k and below. You too conservative.

Yeah, even got people earning $7k buying $1.5mil properties.

Must be aggressive, this is the time to do it.
Interest is still low, lock in a huge fat loan quick!
Hurry its now or never. Get in the property market now.
Huat ah!

lai lai lai .... $850K HDB ... cheap cheap ar

very motivated owner to sell ... lol

view first offer later [thumbsup]

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Attached Thumbnails

Edited by Wt_know, 02 July 2014 - 09:23 PM.

Yeah, even got people earning $7k buying $1.5mil properties.

Must be aggressive, this is the time to do it.
Interest is still low, lock in a huge fat loan quick!
Hurry its now or never. Get in the property market now.
Huat ah!

2 elderly gentlemen one in the 50s another 60s told me exactly the same thing

You must be aggressive don't be afraid to take high loan When you are still young

I guess earlier generation who made their fortunes from properties really believe in property investments

true true ... the 50s and 60s uncle 20 years ago take high loan to buy landed property $500K ... now no $5M no talk?
i recalled vaguely in late 90s six avenue landed property were selling $600k ... [thumbsup]

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2 elderly gentlemen one in the 50s another 60s told me exactly the same thing

You must be aggressive don't be afraid to take high loan When you are still young

I guess earlier generation who made their fortunes from properties really believe in property investments

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Edited by Wt_know, 02 July 2014 - 10:22 PM.

2 elderly gentlemen one in the 50s another 60s told me exactly the same thing

You must be aggressive don't be afraid to take high loan When you are still young

I guess earlier generation who made their fortunes from properties really believe in property investments

Good good.
2 elderly gentlemen, one in 50s another 60s told me that we must never be over aggressive.
Biting off more than one can chew ensures death by choking or if very lucky a locked jaw.
I guess early generation who made their fortunes from properties can say that on hindsight.

Haha

true true ... the 50s and 60s uncle 20 years ago take high loan to buy landed property $500K ... now no $5M no talk?
i recalled vaguely in late 90s six avenue landed property were selling $600k ...
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About 30yrs ago, most normal working adults with an above average decent income could afford a landed hous as a couple. I remember very clearly, my uncles and aunts who were normal teachers buying terrace houses for $350k in the mid80s. My father simply preferred an upfront fully paid HDB although as a family we did encouraged him to do the same as his siblings who were even lower paid than him.

Today, we ask ourselves how many can buy a landed terrace house 1800sft without any help from parents?

Right time to review cooling measures..... Hehehe

http://business.asia...-kwek-leng-beng

walao ehh ... how many times ah kwek want to cry papa cry mama huh?

must have a lot of unsold units ... muahahahahahah

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NOT YET

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if lifted ABSD but not TDSR then the policy will benefit foreigner than local?

local will be at the disadvantage kena jiak but foreigner

foreigner buy now and sell to local at higher price ... when TDSR is lifted

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nabei ... in any country property policy is to tax foreigner heavy but not local

in this case is terbalik ... walan eh ...

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need to sponsor my cousin using australia passport to buy liao then transfer the unit to me after a few years as gift? [sly]

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Mr Kwek suggested in February that the Government consider lifting the hefty 15 per cent duty levied on foreigners buying homes after the property market and global economy showed signs of slowing. Prices have since fallen, confirming his concerns, he said yesterday.
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Edited by Wt_know, 03 July 2014 - 07:36 AM.

Right time to review cooling measures..... Hehehe

http://business.asia...-kwek-leng-beng

He forecasted 5-10% drop max right?
Why so worried? Cant absorb 5-10% volatility meh?

Dun think it will remain status quo for long..now that Mr Kwek has spoken...
Now Mr Khaw Boon Wan,will need to think of a way to please his bosses ..

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aniway.. he's right to point out that the prices are hamper by the rules.. not a real reflection of the demand.

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Those that bought pte pty over the last qtr. you are so lucky! :P

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After all, Kwek did hint that it should not be a blanket solution..

Edited by ShepherdPie, 03 July 2014 - 09:45 AM.

Right time to review cooling measures..... Hehehe

http://business.asia...-kwek-leng-beng

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no way itll happen before next erections imo barring a global recession.

Right time to review cooling measures..... Hehehe

http://business.asia...-kwek-leng-beng

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Interesting rebut to the conglomerate voices.

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http://www.theonline...property-curbs/

Edited by Xefera, 03 July 2014 - 11:00 AM.

More residents have trouble selling their flats

03/07/2014 on mypaper by SAMANTHA BOH

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IS THERE an oversupply of flats? This was a question raised by Nee Soon GRC Member of Parliament Lee Bee Wah on Monday, after she noticed that many residents in her ward faced problems selling their homes.

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In a Facebook post, Ms Lee said residents have approached her at Meet-the-People Sessions, saying that their Build-To-Order (BTO) flats are ready but they are unable to find buyers for their current flats.

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"Is this (a) sign of oversupply of flats?" she asked.

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The problem surfaced in the past month. At Ms Lee's Meet-the-People Session on Monday, four residents asked for more time to sell their flats, reported Chinese evening daily Lianhe Wanbao.

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"They are mainly middle-aged and older, mostly looking to downsize their flat, but had been unable to sell their old flat to fund their new flat," Ms Lee was quoted as saying. "Without money, how can they get the keys to their new flats?"

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She said there were residents who did not even have a single prospective buyer view their flat, adding that all she could do is to help them get an extension of time to sell their flat.

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Gan Thiam Poh, MP for Pasir Ris-Punggol GRC, also encountered two to three such cases over the past year and, on most occasions, he had been able to get them a six-month extension, Wanbao reported.

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SLP International research head Nicholas Mak did not think there is an oversupply yet, but noted that demand has definitely softened, with flat prices expected to fall further.

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So, sellers have to price their flats ahead of the market, Mr Mak told My Paper.

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"From the buyer's point of view, he would want to buy at next month's price because by the time he gets hold of the flat, its price would have fallen more," he said.

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Lee Lay Keng, DTZ's regional head of research for South-east Asia, said restrictions placed on permanent residents and allowing singles to buy BTO flats also contributed to the drop in resale demand.

�

"Buyers will tend to take their time to shop around, so sellers have to be more flexible with their pricing," said Ms Lee.

�

�

price up many not happy, price down also no buyer?

�

All the chickens slowly coming home to roost.

Dun think it will remain status quo for long..now that Mr Kwek has spoken...
Now Mr Khaw Boon Wan,will need to think of a way to please his bosses ..
�
�
aniway.. he's right to point out that the prices are hamper by the rules.. not a real reflection of the demand.
�
Those that bought pte pty over the last qtr. you are so lucky! :P
�
After all, Kwek did hint that it should not be a blanket solution..

Just dont mistake demand with means.

I demand a GCB but i dont hv the means to buy one.
The "demand" may be high but if it is fueled purely by loose credit which has been the case until TDSR came in, then its a bubble we are creating. Just like what happened to car population when they allowed full financing zero down payment. Every ah ter ah kow also demand. Muayhahaha.

All Hail TDSR, yeah!

�
�
price up many not happy, price down also no buyer?
�
�

Yalor, fark these people lah......cannot please them all.
When not enough Flats , kpkb, when got flats also kpkb.
When price high say cannot buy, when price low say cannot sell.
All KNN type.

cannot sell? must be selling price not low enough lor

�

About 30yrs ago, most normal working adults with an above average decent income could afford a landed hous as a couple. I remember very clearly, my uncles and aunts who were normal teachers buying terrace houses for $350k in the mid80s. My father simply preferred an upfront fully paid HDB although as a family we did encouraged him to do the same as his siblings who were even lower paid than him.

Today, we ask ourselves how many can buy a landed terrace house 1800sft without any help from parents?

�

true lo, my dad last time also could have afforded a landed on loan $, but he wanted pay full cash...
in the end, property prices go up faster than his cash reserves.

Edited by Mockngbrd, 03 July 2014 - 12:29 PM.

still got 25% down to go? [sly] ... muahahahahaha

�

First, the government has no business helping private real estate companies like Kwek Leng Beng�s to attract international business. Nor, as [Straits Times�] Cheryl Ong put it in her opinion article in ST A20 yesterday, no obligation for the government to �give a lift� to the property market.� The real estate industry is an industry that basically thrives on monopolistic rents. It is not a productive industry, in a strict sense of the term. If Kwek Leng Beng finds it hard to make money, he only has himself to blame for not working harder. Meritocracy, right?
�

Second, it is of no loss to Singapore if we miss out on Kwek Leng Beng�s so-called [foreign] �investments.� In fact, what we have observed is the extreme negative externalities wrought by the free flow of such �investments� (read: cash) due to excess liquidity which has its roots in the liberal cash-printing US, EU and Chinese central bank policies. The spike in commercial rental increases (again monopolistic rents) has caused consumer prices to increase, and the spike in home sale and rental prices in all sectors has caused plenty of problems for Singaporeans who wish to own a home.

�

Third, by Cheryl Ong�s calculation, private home prices have spiked 60% since 2009.

Assuming a generous sustainable rate of 6% compound increase for home prices since 2009, home prices should only have increased by 33.8%.

We are about 25% over-valued. Quarterly decreases of 1.5% is nothing.

�

Forth and finally, the government�s role should be to develop a sustainable, moderate, gradual increase in home prices (just like overall inflation!) so that homes remain affordable for the masses in land-scarce Singapore � and not to indulge folks like Kwek Leng Beng who are too happy to make a quick buck from policy errors and mistakes.

Edited by Wt_know, 03 July 2014 - 01:12 PM.

"She said there were residents who did not even have a single prospective buyer view their flat, adding that all she could do is to help them get an extension of time to sell their flat."

�

if they dropped price by 50% sure got buyer! hahahahaha

i'm going to see my MP to cry papa cry mama ... must bring some onions

i still cannot sell my $900k CCK 4-room flat after months of advertising.

high floor ... designer reno ... i'm the designer

Edited by Wt_know, 03 July 2014 - 01:30 PM.

Just dont mistake demand with means.

I demand a GCB but i dont hv the means to buy one.
The "demand" may be high but if it is fueled purely by loose credit which has been the case until TDSR came in, then its a bubble we are creating. Just like what happened to car population when they allowed full financing zero down payment. Every ah ter ah kow also demand. Muayhahaha.

All Hail TDSR, yeah!

�

TDSR is a good measure and should stay.

�

It's the additional stamp duty that is damping the demand from the high-end buyers ( ppl with the real $$ , not leaveage ones) �to come in, which he is talking abt. No wants to pays 15% more than others, even if pay in full cash.

�

At the same time, there is every reason for gov to attract high earning to buy and roots themselves in singapore. These are ppl that gov want to squeeze to pay taxes. Not the low-income singaporean.� And these ppl spending power will fuel other sectors in the sg.

�

So i dun agree that gov has not interest in helping to attract these buyer to come to sg.

�

Aniway, Kwek's opinion , although vested, is of good intention to sg. His business is not limited to sg unlike other "smaller developer". He owns the whole MCIL.. which makes him have a stake in almost all major cities. If SG is not attractive to him, he could divert his fund else where. He and old Lee goes a long way back. I feel that it's most of an honest opinion from a wise man. Of course, we may or may not agree with what he says, but his points is worth considering.

�

Definitely better, than the analyst that sways where the wind blows.

Edited by ShepherdPie, 03 July 2014 - 02:10 PM.

� designer reno ... i'm the designer

�

love this one

ABSD lifted for Sentosa Cove ... no complaint ... this is true blue HNWI

if ABSD lifted for 99LH mass market condo ... then this will disadvantage ordinary singaporean as they still got TDSR

foreign buyer with no TDSR and cheap liquidity can whack 99LH RCR and OCR and disadvantage sporeans

�

ok lor ... attract foreign buyer ... no SGD$5M no talk ... no ABSD ... ho say bo?

�

a quick check on propertyguru condo > $5M got 345 pages ...

even each listing repeat 10 times also got 34 pages for them to choose

�

Edited by Wt_know, 03 July 2014 - 03:11 PM.

still got 25% down to go? ... muahahahahaha
�

My take is that prices will retreat to 2010 levels within the next two years unless there is some change of structure or fundamentals....

So 25% may be a big fall but not all that unrealistic actually....heeeeeeee

My take is that prices will retreat to 2010 levels within the next two years unless there is some change of structure or fundamentals....

So 25% may be a big fall but not all that unrealistic actually....heeeeeeee

�

HUAT AH!!!!!!!
�

�

Edited by Mockngbrd, 03 July 2014 - 03:19 PM.

2010 levels ... $800psf for jurong and cck, can?

Edited by Wt_know, 03 July 2014 - 03:19 PM.

It's a buyer's market now. Just hang on, take your time and issue low ball offers to test. You never what you will get. People may loathe low ballers but hey if it's the right price then so be it

�

�

�

price up many not happy, price down also no buyer?

�

�

�

�

HDB, please do not be an idiot again and stop building flats for fear of oversupply. Please keep building at least 25K per year.

�

no such thing especially when you are aiming for 6.9

�

all supply will be absorbed at the end of the day

It's a buyer's market now. Just hang on, take your time and issue low ball offers to test. You never what you will get. People may loathe low ballers but hey if it's the right price then so be it

yeah!

�

HDB, please do not be an idiot again and stop building flats for fear of oversupply. Please keep building at least 25K per year.

�

no such thing especially when you are aiming for 6.9

�

all supply will be absorbed at the end of the day

�

Yeah looking at SBF today it seems demand is still hot. There is still alot of demand from SBF to spillover into BTO. So my take is that HDB should not stop building and should have foresight to meet expectations from the govt's 6.9mil figure. Look long term or your legacy will be short term.

Edited by Pmet, 04 July 2014 - 04:15 AM.

Sbf?........ Oh.... Sale of balance flat... I thot waht..

Sbf?........ Oh.... Sale of balance flat... I thot waht..

�

ahem....now i noe where u go to

�

HDB, please do not be an idiot again and stop building flats for fear of oversupply. Please keep building at least 25K per year.

�

no such thing especially when you are aiming for 6.9

�

all supply will be absorbed at the end of the day

�

This is just an roundabout way saying that housing issues has been (over) addressed. Drop 25% in next 2yrs could be possible, but in view of the long term goal (6.9), will be lucky if it just shifts back up by 50%.

�
This is just an roundabout way saying that housing issues has been (over) addressed. Drop 25% in next 2yrs could be possible, but in view of the long term goal (6.9), will be lucky if it just shifts back up by 50%.

Its no roundabout anything. Just agent talk....

Heh heh

�

�

ahem....now i noe where u go to

�

ya lo, i thot Singapore Business Federation mah

�

http://www.sbf.org.sg/
�

The problem is not only supply, it's the location.

�

When there is sever lack of supply, everywhere has a good demand.

�

When the supply is more balance,� then those worse off location will suffer lor. Simply because everyone dont like the location.� Seller want to move out , buyer don even want to look. Don think it's a issue with oversupply.. but rather poor location.

�

Was talking to� single friend who just bought last mth, she told me that the prices in her area is still going up..MP estate.

The problem is not only supply, it's the location.

�

When there is sever lack of supply, everywhere has a good demand.

�

When the supply is more balance,� then those worse off location will suffer lor. Simply because everyone dont like the location.� Seller want to move out , buyer don even want to look. Don think it's a issue with oversupply.. but rather poor location.

�

Was talking to� single friend who just bought last mth, she told me that the prices in her area is still going up..MP estate.

�

[laugh] still go up in some area?

�

so where is the market heading? up or down or sideways?

�

is there over supply or under supply?

�

is demand strong or weak?

�

seems like many people are confused, except for MCF where all of us are the real experts� [thumbsup]

amidst all the talk of price dropping, here is one researcher who thinks price may even inch up� [:p]

�

Savills Singapore research head Alan Cheong said that at this juncture, a critical factor for developers' success is "how good they are at reading buyers' wishes rather than their needs".

"For example, buyers may only want to invest in real estate rather than upgrade so to speak. If this is the case, it is pointless to build larger units so that a family can move in comfortably. Smaller units may be what they want, and with the TDSR and cooling measures still in place, that may be where the market is for the masses," he added.

By thus minting a substantial chunk of units in the affordable lump-sum price range for buyers, developers can maintain, if not inch up, psf prices.

Edited by Wyfitms, 04 July 2014 - 03:33 PM.

amidst all the talk of price dropping, here is one researcher who thinks price may even inch up�
�
�
�
Savills Singapore research head Alan Cheong said that at this juncture, a critical factor for developers' success is "how good they are at reading buyers' wishes rather than their needs".
"For example, buyers may only want to invest in real estate rather than upgrade so to speak. If this is the case, it is pointless to build larger units so that a family can move in comfortably. Smaller units may be what they want, and with the TDSR and cooling measures still in place, that may be where the market is for the masses," he added.
By thus minting a substantial chunk of units in the affordable lump-sum price range for buyers, developers can maintain, if not inch up, psf prices.

from Savills? Muayhahahahahahahahaha!

Papaya seller say papaya sweet! Hohoho!

Moreover he is talking about the small niche market where idiot buyers get creamed.
He is also recommending that developers continue creaming that market segment becos that segment deserves to be creamed anyway.
However, even fools wake up soon enough.

Wahaha

Edited by Throttle2, 04 July 2014 - 06:53 PM.

I hope prices go up some more as 2016 approaches.

Pressure to slap another Cm will be unbearable.

Then just sit back and eat popcorn and watch the fireworks as that should sound the death knell and the developers can die cockeral stand.

nabei ... fk you ... might as well whole spore build mickey mouse unit for speculation
have they forgoten that the fundamental purpose of property is for human to live

Savills Singapore research head Alan Cheong said that at this juncture, a critical factor for developers' success is "how good they are at reading buyers' wishes rather than their needs".[/size][/font][/color]
"For example, buyers may only want to invest in real estate rather than upgrade so to speak. If this is the case, it is pointless to build larger units so that a family can move in comfortably. Smaller units may be what they want, and with the TDSR and cooling measures still in place, that may be where the market is for the masses," he added.
By thus minting a substantial chunk of units in the affordable lump-sum price range for buyers, developers can maintain, if not inch up, psf prices.

Edited by Wt_know, 04 July 2014 - 09:07 PM.

I hope prices go up some more as 2016 approaches.

Pressure to slap another Cm will be unbearable.

Then just sit back and eat popcorn and watch the fireworks as that should sound the death knell and the developers can die cockeral stand.

*clap clap*

competition is not healthy ... you scratch my back i scratch yours

�

Property agencies team up to tackle challenging market

�

Four mid-sized property agencies in Singapore � OrangeTee, SLP International, Dennis Wee Realty and HSR International � have formed an alliance to better address the "shrinking pool of buyers", said media reports.

Dubbed Project Alliance Group (PAG), the alliance will rival two of the market's largest players, PropNex Realty and ERA Realty

Edited by Wt_know, 05 July 2014 - 02:41 AM.

I hope prices go up some more as 2016 approaches.

Pressure to slap another Cm will be unbearable.

Then just sit back and eat popcorn and watch the fireworks as that should sound the death knell and the developers can die cockeral stand.

�

Crash in 2018 please. Thank you.� [lipsrsealed] � [thumbsup]

competition is not healthy ... you scratch my back i scratch yours
�
Property agencies team up to tackle challenging market
�

Aiyoh, so cham have to team up ah?

Competition healthy, market weak thats all.

In any other industry, when two rivals team up, we know how bad the market is.
No difference in this industry or market , right?

Heeeeheeeheee....

However, it is in my opinion that the market IS healthy and doing the right thing.
It was too fat in recent years. Need to trim down fast before it gets a heart attck or some chronic ailments.

Ps. More prop agents being dropped like flies in the months to come.......careful now

�
Crash in 2018 please. Thank you.� �

Wah lau, by 2018, prices already kena whacked upside down, you still want it to crash? Dont so evil leh.....muayhahahahahaha

Edited by Throttle2, 05 July 2014 - 09:58 AM.

the answer will be revealed by 2016 la ...

we all know 2016 is what year [sly]

�

Crash in 2018 please. Thank you.� �

�

sorry no removal of CMs anytime soon

�

Property prices could dip further: Tharman

Jamie Lee

.com.sg'>leejamie.com.sg �

print�|email this article

DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam has raised the possibility of a further correction in property prices - PHOTO: ST

�

Singapore

DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam has raised the possibility of a further correction in property prices. He told a conference yesterday: "I think further correction would not be unexpected."

He told a conference that Singapore had responded early enough to raging property prices with a set of cooling measures, but added that a crash in the property market was unlikely.

�

the answer will be revealed by 2016 la ...
we all know 2016 is what year
�
�

Olympic ah?

2010-2014 ... property price had risen as high as 50% (ie: OCR $800psf to now $1200psf)

now all analysts/banks/developers/agents are looking at 20% drop which is not considered crash

and the 20% drop is on selected units and projects to clear stock ... not a typical 20% drop across the board

so what percentage drop would be considered a crash? down by 50%?

�

DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam has raised the possibility of a further correction in property prices. He told a conference yesterday: "I think further correction would not be unexpected."

He told a conference that Singapore had responded early enough to raging property prices with a set of cooling measures, but added that a crash in the property market was unlikely.

Edited by Wt_know, 05 July 2014 - 11:31 AM.

well said Dr V ...

TDSR should NEVER be removed even property price had corrected. TDSR framework is to ensure financial prudence and not targeted to curb property price. the reason property price skyrocketed and create bubble is precisely due to no financial prudence.

�

No need to ease property curbs

�

THERE has been an ongoing debate for some time over whether property cooling measures should be relaxed ("Too early to relax property cooling measures, says MND"; Tuesday).

�

Why is it necessary to ease them in the first place?

�

The measures - particularly the total debt servicing ratio framework and the additional buyer's stamp duty - have served us well by ensuring greater financial prudence among property buyers, and a stable and sustainable property market, besides keeping inflation in check.

�

While the measures have reduced the number of units sold, the main objective of reining in prices and speculative activities has been achieved. So why upset the apple cart? Do we want to go back to the days of runaway property prices and speculative trading?

�

The argument by developers that Singapore's reputation as a global city would be jeopardised is fallacious ("Right time to review cooling measures: Kwek Leng Beng"; Tuesday).

�

Foreigners wishing to invest in properties here would take advantage of lower property prices despite heavy stamp duties.

In fact, such investors would help boost our economy by snapping up properties at attractive prices. Conversely, expensive properties may deter foreign investment.

�

Competitive lower prices�also enable Singaporeans to upgrade from their HDB flats to private homes, thereby contributing to wealth accretion and stemming the rate of price declines.

�

While property developers would like to see higher prices to boost their bottom lines, greater affordability of housing for Singaporeans should take precedence.

�

V. Subramaniam (Dr)

�

�

Edited by Wt_know, 05 July 2014 - 12:06 PM.

sorry no removal of CMs anytime soon
�

�
Property prices could dip further: Tharman

By
Jamie Lee

.com.sg' title="E-mail Link" class="bbc_email">leejamie.com.sg �
print�|email this article

DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam has raised the possibility of a further correction in property prices - PHOTO: ST

�

Singapore
DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam has raised the possibility of a further correction in property prices. He told a conference yesterday: "I think further correction would not be unexpected."
He told a conference that Singapore had responded early enough to raging property prices with a set of cooling measures, but added that a crash in the property market was unlikely.
�

His comments are already very mild.
Simply becos he cannot be too one sided.
Must be politically correct so that buyers and sellers will feel comforted.

Wahaaha

As mentioned, the direction of prices is clearly down, its only the velocity of the fall.

If the TDSR stops one from buying it means one really cant afford it.
Well done SG Govt! Love the TDSR , they should tighten it to 50% . 60% still a bit fat...
Muayhahahaha

Likewise car loans should just be banned.
Buy car need to take loan?
Buy washing machine also take loan, chey!
Buy $10k watch also take loan

Dont buy lah plse!

Buy already more throw face
Hahaha

Old man, your mouth and air hole getting too big. Time to take medication to control the unnecessary dilation. U may be rich, but pls refrain from behaving like arse hole.

Likewise car loans should just be banned.
Buy car need to take loan?
Buy washing machine also take loan, chey!
Buy $10k watch also take loan

Dont buy lah plse!

Buy already more throw face
Hahaha

Old man, your mouth and air hole getting too big. Time to take medication to control the unnecessary dilation. U may be rich, but pls refrain from behaving like arse hole.

Fark, if i am truly rich, nobody is poor.
Dont be an arse hole and politick by using the rich poor crap shit.
Go ahead an borrow as much as you want, why? You need my approval ah?
Muayhahahaha

It's prudent to cut your coat according to your cloth what.

Cannot handle the truth?

Of course u r not rich,i'm just saying that out of courtesy. I'm debt free like u, but i don't talk like big fark. U r totally missing the point. Enough said, don't wanna waste my time on thick headed old man like u.

�

Fark, if i am truly rich, nobody is poor.
Dont be an arse hole and politick by using the rich poor crap shit.
Go ahead an borrow as much as you want, why? You need my approval ah?
Muayhahahaha

�

Of course u r not rich,i'm just saying that out of courtesy. I'm debt free like u, but i don't talk like big fark. U r totally missing the point. Enough said, don't wanna waste my time on thick headed old man like u.
�
�
�

Ok, so now how you like it if i say you are haolianing that you are debt free? Heh
By the way most 12 yr olds i know are debt free too.

Anyway Thank you thank you for your courtesy.

Dont take it too hard.

Ok now back to our fave Property topic! Hurray

Ps. The thank you is also out of courtesy

Edited by Throttle2, 06 July 2014 - 10:42 AM.

His comments are already very mild.
Simply becos he cannot be too one sided.
Must be politically correct so that buyers and sellers will feel comforted.

Wahaaha

As mentioned, the direction of prices is clearly down, its only the velocity of the fall.

If the TDSR stops one from buying it means one really cant afford it.
Well done SG Govt! Love the TDSR , they should tighten it to 50% . 60% still a bit fat...
Muayhahahaha

Likewise car loans should just be banned.
Buy car need to take loan?
Buy washing machine also take loan, chey!
Buy $10k watch also take loan

Dont buy lah plse!

Buy already more throw face
Hahaha

�

yes sir

�

peasant here will save harder sir

�

so as not to throw face

�

but actually peasant already don't have face to throw liao leh

�

�
yes sir
�
peasant here will save harder sir
�
so as not to throw face
�
�
but actually peasant already don't have face to throw liao leh
�

Yeah steady!

i'm sure within a few days we will hear that our banks balance sheet is ROCK SOLID ... bo tai ji

�

https://sg.finance.y...-014600878.html

�

Their profitability and efficiency are deteriorating.
�

Singapore�s biggest banks are grappling with more problem loans and steadily higher interest rates, prompting Moody�s Investors Service to again issue a negative outlook on the country�s banking system.

�

Moody�s noted that the negative outlook will last for the next 12-18 months, as asset prices continue to fall and banks struggle with increasing credit costs.

�

According Eugene Tarzimanov, a Moody's Vice President and Senior Credit Officer, "Even a gradual increase in interest rates will put pressure on the banks' operating environment, because the rapid credit growth in recent years has led to a situation where many loans will not be fully seasonedwhen the repayment burden on more highly leveraged borrowers increases, as interest rates rise."

Edited by Wt_know, 08 July 2014 - 11:51 AM.

i'm sure within a few days we will hear that our banks balance sheet is ROCK SOLID ... bo tai ji
�
https://sg.finance.y...-014600878.html
�
�

Banks will be fine at the end of the day, but individuals, hard to say.

individual ... if cannot buy spore property due to TDSR and ABSD

no sweat ... go buy oversea property ... whack ar!

�

Singaporeans went on massive property buying spree abroad in 2013: MAS

�

According to the MAS, the value of overseas purchases made through real estate agents in Singapore has grown to S$2.0 billion in 2013 from S$1.4 billion in 2012.More Singaporeans are foraying into overseas property markets, but many of these buyers are unaware of the risks associated with their purchases. In a statement released yesterday, the Monetary Authority of Singapore issued warnings against overseas property purchases.

Edited by Wt_know, 08 July 2014 - 02:22 PM.

individual ... if cannot buy spore property due to TDSR and ABSD

no sweat ... go buy oversea property ... whack ar!

�

Singaporeans went on massive property buying spree abroad in 2013: MAS

�

�

very good. then even if garmen removes the CMs, therell be ALOT LESS BUYERS for SG props!!! hahahaha

Singaporeans Huat Ah!

�

very good. then even if garmen removes the CMs, therell be ALOT LESS BUYERS for SG props!!! hahahaha

�

You're assuming they have nothing left after buying overseas? Hah! [rolleyes]

individual ... if cannot buy spore property due to TDSR and ABSD
no sweat ... go buy oversea property ... whack ar!
�
Singaporeans went on massive property buying spree abroad in 2013: MAS
�

The TDSR has to be calculated inclusive of the person's foreign property encumbrances.
So this is good news for people who hv not bought at the toppish levels in the last one year.

Whoooopeeee

�
You're assuming they have nothing left after buying overseas? Hah!

Well no matter what, they will hv less, right???.

individual ... if cannot buy spore property due to TDSR and ABSD
no sweat ... go buy oversea property ... whack ar!
�
Singaporeans went on massive property buying spree abroad in 2013: MAS
�

Like this?
Hundreds o Singapore investors screwed....oopooohhh

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Edited by Throttle2, 08 July 2014 - 07:50 PM.

The mass market buyers kena screwed.
The mid tier luxury segment benefits.....wooooohooooo

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Edited by Throttle2, 08 July 2014 - 07:51 PM.

Like this?
Hundreds o Singapore investors screwed....oopooohhh

Iskandar mostly, I think. Can shout I also property investor ma! LOL.

yalor ... everyone want to be landlord

spore 500sqft 2-bedder $600k is No. 1 choice for investment

all gone in 60 seconds ...

�

Iskandar mostly, I think. Can shout I also property investor ma! LOL.

�

Edited by Wt_know, 08 July 2014 - 08:30 PM.

yalor ... everyone want to be landlord
spore 500sqft 2-bedder $600k is No. 1 choice for investment
all gone in 60 seconds ...
�
�

Recently even got Expert say that due to this segment, dvelopers can milk the idiots and drive prices higher..... Heeeheee...

Common things you hear in a neighborhood kopitiam
1. "I own a condo in Marsiling"
2. "The condo in jurong is $1700psf, so affordable"
3. "i down 50% for my second property"
4. "I can rent out to FTs"
5. "My agent say 5%pa returns at least"

Huat ah!

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 30

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