mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 36

the gloom and doom gang singing the glooming song since 2009
fast forward 5 years to 2014 ... the market keep skyrocketing ...

Corrections, the market skyrocketted til mid 2013, it has been coming off since.
Wooohooo..!

the BEAR come out from the CAVE already or the BEAR still sleeping in the CAVE?

Attached Thumbnails

Edited by Wt_know, 10 October 2014 - 10:41 PM.

I talking sg property market, which market you talking dude?

the BEAR come out from the CAVE already or the BEAR still sleeping in the CAVE?

The stock markets may be entering a major correction mode.
Hold tight, buy at a comfortable price and enjoy fruits later :)

yes, sg property market had indeed peaked liao due to cooling measure plus property GLUT

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I talking sg property market, which market you talking dude?

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

Surprisingly before they launch their unit, they start constructing, very steady wor

There is a legal date by which construction must be completed

There is a legal date by which construction must be completed

Yes normally construction takes 2-4 years and legal dates normally 5 years above

yes, sg property market had indeed peaked liao due to cooling measure plus property GLUT

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got people in hwz predicting property collapsing 90%, SGD devalue and perhaps some bank collapse wor.. [knife]

http://forums.hardwa...ml#post89135937

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"Timing is very difficult no one can do it, its too difficult.

What i have done is put a serious of events that will occur, from there you can see what will happen next

First was gold to collapse, followed by reits and then the SGD

My prediction still stands that the singapore property prices will collapse by 80% - 90% of its value

This in turn would collapse the national currency as well, probably you can expect an exchange rate of 1 USD = S$ 3.50 - S$4
in the future (which is not far off)"

Edited by Solar, 11 October 2014 - 03:01 PM.

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got people in hwz predicting property collapsing 90%, SGD devalue and perhaps some bank collapse wor..
http://forums.hardwa...ml#post89135937
�
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"Timing is very difficult no one can do it, its too difficult.

What i have done is put a serious of events that will occur, from there you can see what will happen next

First was gold to collapse, followed by reits and then the SGD

My prediction still stands that the singapore property prices will collapse by 80% - 90% of its value

This in turn would collapse the national currency as well, probably you can expect an exchange rate of 1 USD = S$ 3.50 - S$4
in the future (which is not far off)"

That would be interesting.
Dont mind it happening.

wah so gloomy ha [sweatdrop] .. meantime ... sept sales huat ah!!!

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My prediction still stands that the singapore property prices will collapse by 80% - 90% of its value

This in turn would collapse the national currency as well, probably you can expect an exchange rate of 1 USD = S$ 3.50 - S$4
in the future (which is not far off)"

�

Attached Thumbnails

Edited by Wt_know, 11 October 2014 - 04:29 PM.

No. of units sold is quite a poor representation of anything actually.

Nowadays so many mickey mouse developments, whats the big deal if more units get sold?
Yet less units are being sold YoY....
I can only see prices continue to move southbound.

Ie. Rolex suddenly introduces $2k entry level model, of couse it will sell more pieces. And if yet it still sells less? *shake head* that means it has screwed up.

The property market has screwed up.
We just need to watch it unscrew itself taking some people along thats all.

This means that even though mickey mouse unit but it will still make the psf price remain the same

Cant be compared to rolex 2k example

This means that even though mickey mouse unit but it will still make the psf price remain the same

Cant be compared to rolex 2k example

Pwui lah, mickey mouse unit quantum small small, even i HDB dweller also can buy a few with full cash.
Chey!!! Qworak Pwui! If $2mil units get snapped up in droves, then we talk.

Wahahahaha

Edited by Throttle2, 11 October 2014 - 05:15 PM.

Property agent sms me riverbank 2 room loft units, got 3 "bounced back"(that time go Showflat see all sold out liao), ask me if I want but must go ballot.

Edited by Mockngbrd, 11 October 2014 - 05:40 PM.

i'll buy when property agent sms me got 2 units available and i can choose which unit i like anytime

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Property agent sms me riverbank 2 room loft units, got 3 "bounced back"(that time go Showflat see all sold out liao), ask me if I want but must go ballot.

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Edited by Wt_know, 11 October 2014 - 06:25 PM.

wah so gloomy ha .. meantime ... sept sales huat ah!!!

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eh bro.. not i predict.. i quoted it...� [laugh]

I recently put one of my properties for sale, and I was surprised my asking price was met, that said it was priced realistically as opposed to my neighbors who were asking for a 15% premium.

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But that was really heart pain to sign the option document [:(] ��(it was my first property), I am still wondering if I made the right move. I was hoping to hold it until the downtown line MRT station was completed (350 metres away) before selling but all the recent articles about oversupplying glut is really spooking me.

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Haiz

I recently put one of my properties for sale, and I was surprised my asking price was met, that said it was priced realistically as opposed to my neighbors who were asking for a 15% premium.

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But that was really heart pain to sign the option document ��(it was my first property), I am still wondering if I made the right move. I was hoping to hold it until the downtown line MRT station was completed (350 metres away) before selling but all the recent articles about oversupplying glut is really spooking me.

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Haiz

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Aiya. Manage to sell at your asking price then you should be happy.

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Don't get to attached to your properties. Especially if you are using them as investments.

I know lah, its the first one I bought so kinda attached. But level heads must prevail.

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They just signed the option, lets see if they exercise boh that's when the deal is really done.

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Aiya. Manage to sell at your asking price then you should be happy.

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Don't get to attached to your properties. Especially if you are using them as investments.

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I know lah, its the first one I bought so kinda attached. But level heads must prevail.
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They just signed the option, lets see if they exercise boh that's when the deal is really done.
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what's your plan after selling?

To be honest I don't really know yet, I have other properties and associated debt so if the sh*t hits the fan I will use the cash to pay it out.

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Alternatively I am looking at some areas now which I believe will appreciate more once the MRT lines I built I might acquire 1 / 2 units in those areas if the pricing is right.

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I am not good in stocks so I will probably park the funds in FD and the a reasonable sum in the STI ETF.

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what's your plan after selling?

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I recently put one of my properties for sale, and I was surprised my asking price was met, that said it was priced realistically as opposed to my neighbors who were asking for a 15% premium.
�
But that was really heart pain to sign the option document ��(it was my first property), I am still wondering if I made the right move. I was hoping to hold it until the downtown line MRT station was completed (350 metres away) before selling but all the recent articles about oversupplying glut is really spooking me.
�
Haiz

Very heng you hit gian png buyer, (i hit one too after waiting 9 mths last yr) , care to share location, site, price , psf, etc?

Your neighbors are not serious sellers lah. 15% premium can go jiak sai.
Unless it is really sought after property 10% discount off last done more like it.

Edited by Throttle2, 12 October 2014 - 11:57 AM.

Sure I'll share some none specifics but after the option is excercised. [sweatdrop]

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Very heng you hit gian png buyer, (i hit one too after waiting 9 mths last yr) , care to share location, site, price , psf, etc?

Your neighbors are not serious sellers lah. 15% premium can go jiak sai.
Unless it is really sought after property 10% discount off last done more like it.

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what's your plan after selling?

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Exactly, this is what people did not plan properly in investment.

Some reasons make sense, but some are just lacking in proper planning and only itchy hand/gut feeling kinda thing.

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Unless you have good use for the cash its good, but some people bought other property at equally high price, or put in stock which they don't know about and lost money, or some bought other properties and got unnecessary ABSD/higher loan interest than previous sold property.

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If it's a good investment that you can hold, why sell? Timing the market only looks good on hindsight, but in actuality more people got burned than making profit by timing the market.

546 units only but received 1,828 applications

even dropout rate is a whopping 70% ... lakelife ec is still 100% sold ... huat ah!!

Attached Thumbnails

Edited by Wt_know, 12 October 2014 - 11:08 PM.

Must be all betted on Germany

Upgraders upgraders upgraders.....

EC is a segment of its own.
Many ppl may view ECs as the ticket to using govt money to make money so as long as they can qualify to buy they cheong lor....

Note that this is the retail public segment not private property investment even.

The nearer the price of EC to a real PP, the stupider the buyer especially in this current environment. ahem....

Jurong lake district huat ah! More people please go there and leave more room in the rest of the island.

546 family taken off the market and leave more opportunity to others ... hehe

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Jurong lake district huat ah! More people please go there and leave more room in the rest of the island.

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wow developer slashing price!!

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heard Tembusu slashed a whopping $20k for one bedroom and $49k for 2 bedroom

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giant discounts just as many have predicted�

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meanwhile overseas property commission has gone up 3 times... LOL

Jurong lake district huat ah! More people please go there and leave more room in the rest of the island.

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where got any room in the island when we are going for 7 to 9 million people ??

where got any room in the island when we are going for 7 to 9 million people ??

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Put all of them in jurong lake district, the new downtown area of the future!

Please get more ppl to move to Jurong. I like this.

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Put all of them in jurong lake district, the new downtown area of the future!

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that aint the solution. one downtown area is not enough

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what the govt should do is to create another 20 downtown area - bukit batok, woodlands, yishun, AMK, Punggol, bedok, tampines etc etc

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This will make every square foot of SG into prime city center space

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all singaporeans will then become multi millionaires!� [thumbsup]

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that aint the solution. one downtown area is not enough

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what the govt should do is to create another 20 downtown area - bukit batok, woodlands, yishun, AMK, Punggol, bedok, tampines etc etc

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This will make every square foot of SG into prime city center space

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all singaporeans will then become multi millionaires!�

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Waiting for the day when all the satellite towns encroach into surrounding satellite towns to form one giant satellite town surrounding the CCR/OCR/prime/atas districts.

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Then they can build a wall to separate the two. Atas area called Intown, giant satellite blob called Outtown. Poor people stay outside the wall please.

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Waiting for the day when all the satellite towns encroach into surrounding satellite towns to form one giant satellite town surrounding the CCR/OCR/prime/atas districts.

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Then they can build a wall to separate the two. Atas area called Intown, giant satellite blob called Outtown. Poor people stay outside the wall please.

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hahaha

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what poor people?

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there is no poor people in SG hor!

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there is no poor people in SG hor!

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That's the official line niah, reality is different.

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hahaha

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what poor people?

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there is no poor people in SG hor!

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http://news.asiaone....219-403194.html

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theres at least 1700++ of them... lol
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how come PM no mention CCK in NDR ... [bigcry]

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jurong win liao lor ... no $1M no talk ...

Edited by Wt_know, 13 October 2014 - 11:10 AM.

Times are so bad that M+S' Marina One sales team needs to hand out flyers

13 October 2014 - 01:37 PM
Myxilplix

Can someone explain why the -06 and -18 units are left over? Is it a superstitious thing or just facing wrong direction/lousy view?

13 October 2014 - 01:56 PM
Wt_know

dun play play ... we got the 2 best agent hor

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Don't guage the market by the number of SOLD stickers

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can be fake one

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URA announced sales figure also not counted. All bias one

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land sales 18 bidders at 700 psf also just a mirage

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Market is dead and has been buried

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come next year maybe even 90% discount also cannot sell�

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u have been warned!

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Edited by Wt_know, 13 October 2014 - 01:57 PM.

13 October 2014 - 02:12 PM
Wyfitms

dun play play ... we got the 2 best agent hor

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power team�

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wonder what is their comm like�

13 October 2014 - 05:30 PM
Mockngbrd

Wait what?

https://sg.news.yaho...73--sector.html

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Poor sales were recorded on the first day of launch for Marina One Residences with only 20 units sold last Saturday, according to media reports.
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This is a sharp turnaround from the strong build-up seen during the preview phase, which saw more than 300 units taken up since 3 October, many by bulk buyers.
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Singaporeans account for about 70 percent of buyers, while the rest are PRs and foreign nationalities. The top three groups of overseas buyers are from Malaysia at 20 percent, followed by Indonesia and China.
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Approximately 70 percent of the units at Marina One Residences are one- and two-bedrooms. Prices start from around $1.4 million for a one-bedder while two-bedders cost above $2 million.
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When contacted, a spokesperson for the developer M+S told PropertyGuru there were no further sales updates at this time.

M+S appears to have adopted a cautious approach to selling units at the development. Just one of its two towers is available for sale right now and only 372 of the total 1,042 apartments have initially been released.

Located in the heart of Singapores new downtown core, the 99-year leasehold condominium is close to Marina Bay MRT station.
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Meanwhile, sales of luxury apartments in Singapores central business district have been muted in recent times.
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A CBRE report attributed the drop in sales to the TDSR framework which took effect at the end of June 2013.
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At the same time, foreign buyers who used to be big players in Singapores prime residential market, appear to be retreating since the ABSD was raised to 15 percent.

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By BUSINESS TIMES

THE Marina One investment by Khazanah Nasional Bhd and Temasek Holdings is off to a good start, ahead of its public launch on Saturday.

Its units, which are priced from RM1.4 million onwards, have been oversubscribed by 20 times.

The integrated development near the Marina Bay financial district, here, is flanked by two parks � the Marina Station Square and Central Linear Park.

It is expected to be completed in 2017.

M+S Pte Ltd chief operating officer Kemmy Tan said private viewings had been held for two weeks and the project was well-received, judging from the healthy interest by local and foreign buyers.

�Our strongest foreign buyer markets are from Malaysia, China, India and Indonesia, with 70 per cent of them looking to invest and the rest for own occupation.

�We expect more buyers to come forward when the public launch begins on October 11 in both countries.

�Interested buyers in Malaysia may visit our sales gallery in Plaza Mont Kiara, which is already open,� said Tan at the Marina One special preview on Thursday.

The residential units come in four designs; namely 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom, and all units come equipped with a private lift.

He said among the challenges faced during the initial development phase were the design considerations as well as huge amount of coordination that took place.

�The successful collaboration between the two countries was especially evident when both prime ministers unveiled Marina One last year during the Annual Leaders Retreat, aas well as the timely progress of the development.�

Marina One is a mixed-use development bounded by Marina Way and Straits View in Marina South.

Edited by Mockngbrd, 13 October 2014 - 05:31 PM.

13 October 2014 - 05:40 PM
Myxilplix

Alright man oversubscribed by 20�times!

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I don't think that word means what you think it means...

13 October 2014 - 05:50 PM
Kusje

Alright man oversubscribed by 20�times!

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I don't think that word means what you think it means...

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You are right. Anyone can submit an application or even put down a check.

13 October 2014 - 08:51 PM
xherion

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Don't guage the market by the number of SOLD stickers

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can be fake one

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URA announced sales figure also not counted. All bias one

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land sales 18 bidders at 700 psf also just a mirage

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Market is dead and has been buried

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come next year maybe even 90% discount also cannot sell�

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u have been warned!

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reverse psychology??� �

13 October 2014 - 09:02 PM
Wt_know

when condo relaunch with fengshui master talk, finger food and wine

all cheong to makan and some even dabao but no one buy ... lol

13 October 2014 - 09:19 PM
Throttle2

when condo relaunch with fengshui master talk, finger food and wine
all cheong to makan and some even dabao but no one buy ... lol

If need to relaunch means cannot sell.
Need to have fengshui master talk means cannot sell
Need to have food and drinks means cannot sell.
They think people are STUPID or what?

13 October 2014 - 10:17 PM
Blackyv

Why 18-18 also nobody want huh?...weird...Hehehe...

13 October 2014 - 10:19 PM
Wt_know

i'm more curious why 32-06 & 32-13 penthouse unit no one wants

Edited by Wt_know, 13 October 2014 - 10:20 PM.

14 October 2014 - 09:31 AM
Wyfitms

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reverse psychology??� �

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No just prata only

when condo relaunch with fengshui master talk, finger food and wine

all cheong to makan and some even dabao but no one buy ... lol

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ok lah, worth a shot

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food plus wine prob cost them $20k, $30k?

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if someone buys, all the cost plus more will be recovered

14 October 2014 - 11:15 AM
Wyfitms

wow, wonder if i can join Berkshire as agent

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machiam like working for the investment management company hehehe

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Buffett rolls out the Berkshire Hathaway brand
Stephen Foley
20 Hours AgoFinancial Times

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Warren Buffett plans to license the Berkshire Hathaway name to estate agencies in Europe and Asia, in the next phase of a campaign to use his widely respected investment company as a consumer brand.

Adam Jeffery | CNBC

Warren Buffett

After decades�buying into some of the most valuable brands in the world, Berkshire has this year dramatically expanded the use of its own name, rebadging its family of utility companies, U.S. estate agents and a newly acquired car dealership.

Marketing consultants and company insiders believe it is sitting on a valuable asset in the Berkshire Hathaway brand, which they say taps into 84-year-old Mr�Buffett's reputation for financial acumen and longevity.

"Like Virgin reflects Sir Richard Branson's rebelliousness and Apple reflects the genius of Steve Jobs, Berkshire Hathaway has brand equity around trust, stability and integrity," said Oscar Yuan, partner at consultancy Millward Brown Vermeer.

The number of U.S. estate agencies using the Berkshire Hathaway HomeServices brand will swell to almost 1,400 by next spring, said Earl Lee, chief executive of HSF Affiliates, a franchising joint venture between Berkshire and Brookfield Asset Management.

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Edited by Wyfitms, 14 October 2014 - 11:15 AM.

14 October 2014 - 04:57 PM
Throttle2

wow, wonder if i can join Berkshire as agent
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machiam like working for the investment management company hehehe
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No need lah, all property agents and insurance agents already act like they are financial / investment experts.

16 October 2014 - 03:47 PM
Wt_know

muahahaha ... that's because majority of the buyers cannot swallow unit > $1.25M

who want to host guest outside unit ... which means your unit is too small and cannot accomodate guests

downsize from hdb to condo mickey mouse is ok ... as long as you join to 20 percentile ... sibei song ar!

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so the only way developer can do is to make GIANT garden and TINY unit ... lol

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Seven in 10 new private condos sold in H1 at under S$1.25 m
By Kalpana Rashiwala

.com.sg'>kalpana.com.sg

15 Oct

A STUDY by CBRE has showed that 71.7 per cent of new sales of private apartments and condos in the first half of this year had price tags of below S$1.25 million each. This is higher than the 63.6 per cent share recorded for the whole of last year.

The property consultancy group observed that even with a longer-range view - looking at figures since 2007, despite rising wages and inflation - this sweet spot of consumers has stayed largely unchanged.

CBRE research head Desmond Sim said: "Our study of caveats lodged for non-landed new sales from 2007 to H1 2014 showed that 55 to 75 per cent of transactions were priced below S$1.25 million each. In particular, the most popular price band was from S$750,000 to S$1 million over this period."
Advertisement

Looking at the addresses of buyers of new sale units with price tags below S$1.25 million, CBRE noted that, since 2008, 52 to 67 per cent of them have been HDB occupiers.

"They could be HDB upgraders, or singles and new couples looking for their first homes. The TDSR (total debt servicing ratio) framework has just closed the lid tighter on liquidity and made it that much harder for HDB upgraders to buy a private property, much less new couples aspiring to join the fray by bypassing the HDB route," Mr Sim said.

Although the proportion of HDB dwellers among buyers of new non-landed private homes below S$1.25 million was at a high of 66.7 per cent in H1 2014, the absolute number of such buyers was only 1,696 in the first six months of this year; this is lower than the 1,967 figure for H2 2013 and 3,385 for H1 2013.

The number of units below S$1.25 million picked up by those with private addresses also fell markedly to 847 in H1 2014, from 1,459 in H2 2013 and 2,248 in H1 2013.

This reflects the across-the-board drop in property transaction volumes following the introduction of the TDSR framework in late June 2013.

DTZ SEA chief operating officer Ong Choon Fah said that a large portion of HDB dwellers buying private homes are likely doing so for owner occupation.

She acknowledged that some of these upgraders would be moving into smaller private housing units. "They may be downsizing, but psychologically, they feel they have arrived because they have upgraded to join the 20 per cent of households here living in private homes.

"Moving to a private condo allows you to pamper yourself with club-style facilities just a door-step away. This is especially appealing to those with kids."

She pointed out that the design of condo projects has changed to include a higher proportion of small units. "Developers now offer more amenities and spaces for entertaining - not just at the clubhouse and poolside but sky gardens for instance - to cater to residents in small units who wish to entertain guests outside their units."

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Edited by Wt_know, 16 October 2014 - 03:59 PM.

16 October 2014 - 03:52 PM
Thaiyotakamli

Never mind sell one tower the other tower transform into hotel

16 October 2014 - 03:57 PM
Myxilplix

CNY time cannot make big circle of people sitting on the floor to�gamble.�

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No space

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16 October 2014 - 04:00 PM
Wt_know

go to sky garden picnic or downstair to bbq lor

but must book 6 months ahead la

unlike at own unit ... own time own target ... mahjong till 3am also no problem

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CNY time cannot make big circle of people sitting on the floor to�gamble.�

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No space

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�

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Edited by Wt_know, 16 October 2014 - 04:03 PM.

16 October 2014 - 04:07 PM
Wyfitms

i'd move from five room flat to 450s qft too, if i can haolian to people i have private address

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feel very shiok to be amongst the top 20% residents in SG

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even if i cannot invite any guest over or place my barang barang in a store room

16 October 2014 - 04:19 PM
Throttle2

Singapore lang sibei sad.....hai....

16 October 2014 - 04:29 PM
Bavarian

I am happy in my HDB. My air-con is working, my fridge is stuffed and I can walk to the MRT.

16 October 2014 - 06:47 PM
Hosaybo

To each his own. All adults Liao. Own mind. Just be happy lah.

17 October 2014 - 12:52 PM
Duckduck

how come our biggest developer got so many top guys leaving ah?

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http://www.channelne...6.html?cid=FBSG

17 October 2014 - 01:04 PM
Wyfitms

how come our biggest developer got so many top guys leaving ah?

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http://www.channelne...6.html?cid=FBSG

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property so hot now, who wants to continue working for cheng hu. salary + bonus only $1m thereabouts

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better to start own fund/ company and get rich

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i think pua sek guan networth prob boomed 5000% after leaving capitaland�

To each his own. All adults Liao. Own mind. Just be happy lah.

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this is very true

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it is just sad that for many singaporeans, they feel the need to keep up with the jones, and to give the impression that they are doing very well

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taking on more debts or spending cash on unnecessary luxury goods�

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the govt should work hard to reduce income disparity.�

17 October 2014 - 01:33 PM
Duckduck

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property so hot now, who wants to continue working for cheng hu. salary + bonus only $1m thereabouts

�

better to start own fund/ company and get rich

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i think pua sek guan networth prob boomed 5000% after leaving capitaland�

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so simpur meh? its v rare for so many heads to leave within mths.. something must b happening internally
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17 October 2014 - 01:37 PM
Wyfitms

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so simpur meh? its v rare for so many heads to leave within mths.. something must b happening internally
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yes. capitaland politics more complex than any taiwan soap opera

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i only hearsay abit already headspin

17 October 2014 - 01:44 PM
Duckduck

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yes. capitaland politics more complex than any taiwan soap opera

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i only hearsay abit already headspin

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probably also due to this

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:https://www.google.c...BFMjEkAW0joGoCg

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basically flat shareholder return for 5yrs... considering how much theyre paid, maybe its better they resign than get fired come next AGM...

17 October 2014 - 02:08 PM
Wyfitms

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probably also due to this

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:https://www.google.c...BFMjEkAW0joGoCg

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basically flat shareholder return for 5yrs... considering how much theyre paid, maybe its better they resign than get fired come next AGM...

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could be the "official" reason

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however i think it is unlikely that results alone would get someone sacked in this type of company

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i suppose things changed a fair bit since the liew mun leong left

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maybe i'll ask some of the staff there if i meet them

17 October 2014 - 02:37 PM
Wt_know

high roller sure high politic la
it's expected ...

20 October 2014 - 10:23 AM
Wyfitms

Asia - playground for fun managers�

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Asia�s unresolved $10bn
CBRE�s white paper on Asian fund terminations published this week highlights how there is insufficient capital in the region to absorb the amount of real estate to be sold.

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CBRE�s The Great Wave of Fund Expiration white paper published on Monday reveals approximately $40 billion of real estate in Asia is to become available for sale in the next two years.

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The 15-page paper takes the temperature of the region�s private real estate funds market, which the firm reckons is really only one �great wave� of funds old. Funds were formed for real estate investments in Asia previously, but as CBRE sees it, the 84 funds raised between 2005 and 2008 account for a bulk of the equity raised for the region so far.

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It says 50 of these funds, responsible for the aforementioned $40 billion of assets, are slated for termination in 2014 and 2015. When you consider also how capital markets support is once again returning to the sector, it is becoming increasingly likely that we are in the midst of the second wave of funds dedicated to the region.

This second wave won�t be quite as �great� as the first wave though. Using historical data to predict future investing patterns, CBRE forecasts the market will only likely absorb about $30 billion of these particular assets. Funds will constitute part of that buying power but there will be other kinds of buyers besides.

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CBRE also infers that the second wave will herald lower risk and return strategies than many of the opportunistic strategies that dominated the first wave. No doubt, the pool of assets that already has been managed through one cycle of funds and thus has seen its risk reduced will play some part in the strategy of the incoming funds.

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When PERE spoke with CBRE following the publishing of the paper, the firm said most of the prime and liquid assets held by the first wave of funds have been sold already. The remaining ones generally require further asset management, but would hardly fall into either distressed or development categories � the two most recognizable hallmarks of an opportunistic strategy. Better it finds homes with core-plus and value-added strategies.

�

From this you might infer that the next generation of opportunity funds will be best off tackling the unresolved $10 billion.

�

In the paper, CBRE details four options for managers finding themselves with assets that sit outside of what the market can naturally absorb. They are: extend, restructure, secondaries or IPO. Which route they take depends really on prevailing market conditions. CBRE notes that 65 percent of the assets are in Australia, Japan and China. There currently is stronger demand for property in the first two of these markets than in the third, and that will naturally inform which of these routes they take.

�

Whatever transpires, the unresolved first-wave fund assets in each of these markets likely will be sold at some interesting discounts � and that is precisely what opportunistic capital is all about. Meanwhile, the lion�s share of the legacy investments - the naturally resolvable properties if you will � are destined for the region�s now lower-risk and return investors.�

�

20 October 2014 - 04:55 PM
ShepherdPie

http://www.straitsti...etitiveness-imf

�

�

IMF becoming PAP mouthpiece to opening the floodgate of immigration...pte pty owner-�hold on tight , tenants and buyers are coming in soon..

Edited by ShepherdPie, 20 October 2014 - 04:56 PM.

20 October 2014 - 05:01 PM
Duckduck

http://www.straitsti...etitiveness-imf

�

�

IMF becoming PAP mouthpiece to opening the floodgate of immigration...pte pty owner-�hold on tight , tenants and buyers are coming in soon..

�

http://www.imf.org/e...013/pr13525.htm

20 October 2014 - 09:40 PM
Wt_know

lai lai lai .. who want to move to jurong lake?

got lake view leh ... don't play play

very hard sale .... hehehehehe

�

Want to move to the Jurong Lake district? Here are 5 new condominium options to consider

�

�

�

1. Lakefront Residences

2. Lakeville

3. Lake Life EC

4. Westwood Avenue EC site

5. Jurong West Street 41 condo site (between Lakeshore and Lakeville) >>> this one many waiting ... cheaper than Lakeville?

Edited by Wt_know, 20 October 2014 - 09:44 PM.

21 October 2014 - 10:53 AM
Mockngbrd

song song gao jurong

21 October 2014 - 10:54 AM
Thaiyotakamli

lai lai lai .. who want to move to jurong lake?
got lake view leh ... don't play play
very hard sale .... hehehehehe
�
Want to move to the Jurong Lake district? Here are 5 new condominium options to consider
�
�

�
1. Lakefront Residences
2. Lakeville
3. Lake Life EC
4. Westwood Avenue EC site
5. Jurong West Street 41 condo site (between Lakeshore and Lakeville) >>> this one many waiting ... cheaper than Lakeville?

Cos lakeville location not that good lol

22 October 2014 - 02:04 AM
Chucky2007

Good luck to those working in cbd after jurong population.. I like my east side to be less crowded.. 15min drive to reach office..

22 October 2014 - 11:31 AM
Throttle2

Good luck to those working in cbd after jurong population.. I like my east side to be less crowded.. 15min drive to reach office..

Yes i like my D9 less populated and most relaxed.
High density SUCKS

22 October 2014 - 11:47 AM
Porker

�
so simpur meh? its v rare for so many heads to leave within mths.. something must b happening internally
�

New ish group CEO doing spring cleaning lor

22 October 2014 - 03:44 PM
Throttle2

when did cck become d9?

Er....I meant parking lot D9 at CCK

22 October 2014 - 05:28 PM
Duckduck

sentosa got some "firesales" of really big units... $10-20M types being flogged now at 1-1.5% yield... $ launderers going to cash hehe

23 October 2014 - 03:31 PM
ShepherdPie

Good luck to those working in cbd after jurong population.. I like my east side to be less crowded.. 15min drive to reach office..

�

�

wait long long...

�

east side is now pending airport development. Once the height restriction is remove, ppl will start moving back to east side.

�

No matter how "beautiful" jurong is .. you wont get over the occasional chocolate smell and buring incenarator.Now even bird park , they are moving to mandai. In any case, $30 per airport transfer will also drive freq traveller to the east side.. :)

�

�

Let's see if the HSR going to be Jurong. I still think it's more likely to settle for city center.

Edited by ShepherdPie, 23 October 2014 - 03:34 PM.

24 October 2014 - 12:57 AM
Sabian

Hdb cut supply... Buay tahan liao? So fast blink???

https://fbcdn-sphoto...6c986e4d0e95c3c

24 October 2014 - 04:06 AM
Thaiyotakamli

�
�
wait long long...
�
east side is now pending airport development. Once the height restriction is remove, ppl will start moving back to east side.
�
No matter how "beautiful" jurong is .. you wont get over the occasional chocolate smell and buring incenarator.Now even bird park , they are moving to mandai. In any case, $30 per airport transfer will also drive freq traveller to the east side.. :)
�
�
Let's see if the HSR going to be Jurong. I still think it's more likely to settle for city center.

City centre definitely is impossible, how to place the track? Moreover putting in city centre mean more noise pollution. No good one

24 October 2014 - 09:14 AM
Dafansu

�

�

wait long long...

�

east side is now pending airport development. Once the height restriction is remove, ppl will start moving back to east side.

�

No matter how "beautiful" jurong is .. you wont get over the occasional chocolate smell and buring incenarator.Now even bird park , they are moving to mandai. In any case, $30 per airport transfer will also drive freq traveller to the east side.. :)

�

�

Let's see if the HSR going to be Jurong. I still think it's more likely to settle for city center.

�

PM Lee has hinted it will be at Jurong East.�

24 October 2014 - 09:42 AM
Wyfitms

Hdb cut supply... Buay tahan liao? So fast blink???

https://fbcdn-sphoto...6c986e4d0e95c3c

�

wah lau siao liao

�

now cut supply

�

2016 after elections bring in more ppl to our dream of 6.9m (or maybe 8m)

�

supply crunch followed by HDB prices hitting $1m, then spillover to mass market condo hitting $2,000 psf

�

here we go again!

24 October 2014 - 11:18 AM
xherion

�
wah lau siao liao
�
now cut supply
�
2016 after elections bring in more ppl to our dream of 6.9m (or maybe 8m)
�
supply crunch followed by HDB prices hitting $1m, then spillover to mass market condo hitting $2,000 psf
�
here we go again!

Well 1 mil HDB is inevitable when pinnacle at duxton reached the 5yr mop

24 October 2014 - 11:51 PM
Throttle2

What is the article, with Lim Ming Yan on it, about?

Sorry dont know, dont care....

25 October 2014 - 12:14 PM
Wt_know

a wave is coming ... i'm waiting for tsunami ...

Attached Thumbnails

Edited by Wt_know, 25 October 2014 - 12:17 PM.

25 October 2014 - 01:10 PM
Wt_know

lai lai lai ... doing some free ads here

designer fitted units ... copy&paste from the web

http://www.interlace.sg/

MASSIVE DISCOUNTS wor ...

�

THE INTERLACE CONDO
Buyers and Agents ALERT:

(October to December�2014)

CapitaLand Interlace DESIGNER Series Launched now (October 2014). Fitted out units with ID of up to $180,000 all inclusive in price. Call 91693366 for details:

Edited by Wt_know, 25 October 2014 - 01:13 PM.

25 October 2014 - 01:18 PM
frenchfly

my friend staying at interlace ground floor , he turned the garage into a mini bmw workshop with bmw M posters

�

�

Edited by frenchfly, 25 October 2014 - 01:19 PM.

25 October 2014 - 05:26 PM
Mockngbrd

Everytime I see the word interlace i think of lacy panties

25 October 2014 - 05:31 PM
Voodooman

lai lai lai ... doing some free ads here
designer fitted units ... copy&paste from the web
http://www.interlace.sg/
MASSIVE DISCOUNTS wor ...
�
Price stays the same or is marked up by up to 180k?

Edited by Voodooman, 25 October 2014 - 05:31 PM.

25 October 2014 - 05:40 PM
Throttle2

a wave is coming ... i'm waiting for tsunami ...

Physical property market is much slower than most other financial markets so must make sure we shore up reserves and be steady ready.

The signs which were building up since 2013 are so clear and in our faces, only the stupid will think that the market can be going any other way but down.
Price stays the same or is marked up by up to 180k?

Whether price stay the same or not....
if sales are good, need to resort to such gimmicks or not?

Wahaha
Everytime I see the word interlace i think of lacy panties

Alamak, you ah....

But i cant blame you, heheeeheee

25 October 2014 - 07:00 PM
Wt_know

of coz has to pay $180k la but developer said if you do it yourself it will cost you at least $200k+ to $400k ... not to mention the time and effort you need to invest
now $180k only all in and quality is there to be seen

Price stays the same or is marked up by up to 180k?

Edited by Wt_know, 25 October 2014 - 07:01 PM.

26 October 2014 - 10:30 AM
Mockngbrd

So erm... How much is the massive discounts?

26 October 2014 - 11:22 AM
Voodooman

of coz has to pay $180k la but developer said if you do it yourself it will cost you at least $200k+ to $400k ... not to mention the time and effort you need to invest
now $180k only all in and quality is there to be seen

So are they charging buyers for Lim Ming Yan's management time to come up with this innovative ID plus product? I will be surprised it helps to move significant number of units, knn, just do what Capitaland did for Bishan, cut price to move units lah or is Mr. Lim changing their strategies?

26 October 2014 - 12:06 PM
Throttle2

Quite a profit hor haha

I never been inside before, is the place nice? Is it like condo the corridor, lobby etc?

1m definitely worth it compared to bishan

Nope, the place is no better than any HDB.
In fact worse compared to your new punggol sengkang stuff.

I was there to visit a friend and was shocked with the poor workmanship of the walls and pillars of the void deck. Uneven nevermind, paintwork also badly done.

Nice from far. Far from nice.

26 October 2014 - 12:45 PM
Blackyv

Nope, the place is no better than any HDB.
In fact worse compared to your new punggol sengkang stuff.

I was there to visit a friend and was shocked with the poor workmanship of the walls and pillars of the void deck. Uneven nevermind, paintwork also badly done.

Nice from far. Far from nice.

�

yalor... when i was there for the first time vising a friend, gosh.. those colors combination makes me felt like im in a jail...hehehe..

26 October 2014 - 02:55 PM
Throttle2

�
yalor... when i was there for the first time vising a friend, gosh.. those colors combination makes me felt like im in a jail...hehehe..

I have no issue with the colors actually but the paintwork lines is wai kee korh.
One cant tell when looking from afar.
The carpark also not friendly at all.

Of course no dispute on its location.

But a HDb is A HDB is A HDB lor.....why want to act condo.....i am proud of my CCK HDB..heh

26 October 2014 - 07:24 PM
Sabian

So are they charging buyers for Lim Ming Yan's management time to come up with this innovative ID plus product? I will be surprised it helps to move significant number of units, knn, just do what Capitaland did for Bishan, cut price to move units lah or is Mr. Lim changing their strategies?

Interlace is also by CapLand...

26 October 2014 - 07:34 PM
Wt_know

just drive by AYE today and have quick glance at Interlace from the expressway

will the residents troubled by the AYE noice?

�

Edited by Wt_know, 26 October 2014 - 07:35 PM.

26 October 2014 - 08:01 PM
Voodooman

Interlace is also by CapLand...

I know bro.... that is why I am puzzled. They cut price for D Leedon and Bishan projects but this one is a different ID driven strategy. They got the land cheap, so got rooms to cut price, IIRC.

Edited by Voodooman, 26 October 2014 - 08:29 PM.

26 October 2014 - 08:16 PM
Thaiyotakamli

just drive by AYE today and have quick glance at Interlace from the expressway
will the residents troubled by the AYE noice?
�

Wont one la

Those condo like infiniti in west coast, beacon height in st michael rd the area there then got noise prob
Interlace is also by CapLand...

And D leedon also by capland
I have no issue with the colors actually but the paintwork lines is wai kee korh.
One cant tell when looking from afar.
The carpark also not friendly at all.

Of course no dispute on its location.

But a HDb is A HDB is A HDB lor.....why want to act condo.....i am proud of my CCK HDB..heh

Then how come u last time said neighbourhood condo dont count as condo?

So if duxton hdb counted as hdb, then a woodland condo counted as condo? Am i right? Haha

27 October 2014 - 05:49 PM
Throttle2

Then how come u last time said neighbourhood condo dont count as condo?

So if duxton hdb counted as hdb, then a woodland condo counted as condo? Am i right? Haha

Wrong. Woodland condo is Private HDB. Muayhahaha

28 October 2014 - 11:40 AM
Sabian

http://www.todayonli...new-equilibrium

�

So fast correction over liao???

�
Private home prices at a new equilibrium
�

Private property market prices in Singapore may be levelling off at a new support level after five years of cooling measures that have been very effective at stalling the market.

BY SAM BAKER -

OCTOBER 24

Private property market prices in Singapore may be levelling off at a new support level after five years of cooling measures that have been very effective at stalling the market.

However, it appears the effectiveness of the measures has levelled off. Barring major catastrophes such as war, epidemics or financial crises, private property prices are expected to hold up, unless more resale supply is introduced or the Government removes the cooling measures.

According to SRX Property, the market transacted an estimated 468 units last month. This is down 77.2 per cent from the peak of 2,050 units sold in April 2010.

Prices, on the other hand, have dropped a mere 5.6 per cent since the market�s monthly peak in January 2014, based on the SRX Price Index.

There are three signs that it is going to be difficult for the cooling measures to pull prices down further.

The first half of this year was rough for the private resale market, with the SRX Price Index dropping rather dramatically from 178.8 in January to 170.2 in June.

However, since June, the index has found a plateau in the 168 to 170 range. This suggests the market has come to terms with the impact of the Total Debt Servicing Ratio (TDSR).

Until the TDSR, private resale prices would not come down. They finally capitulated at the beginning of the year. But now, it seems the market may have found a price equilibrium under the new TDSR regime.

Second, market sentiment, as measured by the median Transaction-Over-X Value (T-O-X) has improved in the past few months. T-O-X measures the actual transaction prices over the computer-generated X-Value of each unit in Singapore.

Last month, the national median T-O-X was negative S$2,000, which means the average buyer was paying only S$2,000 below the computer-generated X-Value. This is a big improvement over the negative S$20,000 in March and July.

In other words, fewer people are paying significantly below the computer-generated X-Value. This means less downward pressure on prices.

Third, volume is down significantly and has been consistently in the mid-400-unit range. There is not much more room for volume and, hence, prices to drop.

The cooling measures, in particular those impacting the TDSR, have been quite effective at discouraging people from putting homes on the market.

While bargain hunters and those unaffected by the cooling measures are delighted to buy today, sellers are not as inclined to sell. They have been sitting on the sidelines, waiting for prices to rebound before putting their properties on the market.

Unless a new round of resale supply comes onto the market or there is an external shock that causes a sell-off, it will be difficult for the market to drop much further, given the low stock of homes for sale each month.

�

ABOUT THE AUTHOR:

Sam Baker is co-founder of SRX, an information exchange formed by leading real estate agencies in Singapore to disseminate market pricing information and facilitate property listings and transactions. For more details on the data used in this article, visit SRX.com.sg/research.

28 October 2014 - 12:10 PM
Sunny

he can fire his research team for such la sup

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