mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 39

So the idea buying vege at pasar and buying condo has the same technique lol

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Haha! that lady too much lah but she wins right!!

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I behave properly but she's the one laughing all the way to the bank and when she told me this

story, still can rub it in say why you so silly never bargain.

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I told her "you win loh!!"

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Haha! that lady too much lah but she wins right!!
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I behave properly but she's the one laughing all the way to the bank and when she told me this
story, still can rub it in say why you so silly never bargain.
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I told her "you win loh!!"

I believe men has more pride. I hardly saw men bargain like siao, but if ladies can spend their whole day bargaining haha

I believe men has more pride. I hardly saw men bargain like siao, but if ladies can spend their whole day bargaining haha

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usually i bargain until my wife embarrassed with me and want to walk away�

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usually i bargain until my wife embarrassed with me and want to walk away�
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U special case la haha

Most of my male friends dunno how to bargain especially me. So people like me going to china sure kena chop carrot lol

U special case la haha

Most of my male friends dunno how to bargain especially me. So people like me going to china sure kena chop carrot lol

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simple lah

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thick skin, bargain until almost want to fight already then walk away

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simple lah
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thick skin, bargain until almost want to fight already then walk away
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Wah haha zai

I normally will try to evade any arguments or even fight. If my offer they dont accept, i just simply walk away.

But there was once in beijing wholesale market, when i walk away, the chio sales grab my arm with her body, at that moment I felt my bargain was fruitful lol

Ended up buying with slightly higher price haha

http://www.todayonli...nning-out-steam

ah sam said build more

looking forward for 30% down from current pricing ... huat ah!

will mock buy 1 more unit when price down 30%? [sly]

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This new equilibrium in resale volume, coupled with the price plateau, suggests that the TDSR might have run out of steam in terms of its effectiveness in reducing prices further.
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Therefore, for prices to continue to decline, something must be introduced into the equation to alter the market�s dynamics. So, the first question is whether the Government is satisfied with a 5 per cent decline.

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If not, what additional policy tools are available to the authorities?

Given that the cooling measures have proven that price is a stubborn variable in the property market, if it wants the price to drop further in the private non-landed resale market, the only way is to increase supply.

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Demand, at its current level, is about as far down as cooling measures can push it.

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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.

Edited by Wt_know, 21 November 2014 - 02:00 PM.

TDSR running out of steam?

Wait till interest rates increase, then we will see who really steam! [bounce1]

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http://www.todayonli...nning-out-steam

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TDSR running out of steam?

Wait till interest rates increase, then we will see who really steam!

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that guy another tok kok master lah, now that property is in a slump, all the rubbish comment come to attract pple back to his website mah.

Sam BAKER

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How appropriate, half-baked article to generate hits [:p]

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that guy another tok kok master lah, now that property is in a slump, all the rubbish comment come to attract pple back to his website mah.

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S'pore posts biggest drop in house prices in the region

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https://sg.finance.y...44--sector.html

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House prices in Singapore fell 4.3 percent year-on-year in the third quarter, making it the largest drop across several Asia Pacific markets, according to JLL and reported in the media.

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The drop in prices came as extra stamp duties and tighter bank lending rules continue to weigh on market sentiments.

JLL expects house prices in Singapore to continue to correct over the next quarters, with a decline of -2 percent to -6 percent in the quarters leading up to end-2015.

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In other markets, Manila registered the largest year-on-year increase in house prices at 12.7 percent, while Shanghai came in second with an 8.9 percent increase in prices.

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Modest price growth is expected in Beijing and Shanghai as sales volumes may improve in the next 12 months after the loosening of mortgage lending policy, said the report.

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In emerging SEA, most markets should see moderate price growth supported by persisting buyer interest. However, capital value growth in Kuala Lumpur is likely to be driven by the introduction of higher priced units.

ah sam said build more

looking forward for 30% down from current pricing ... huat ah!

will mock buy 1 more unit when price down 30%?

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You think i buy house pay full cash ah?

Edited by Mockngbrd, 21 November 2014 - 03:14 PM.

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You think i buy house pay full cash ah?

You pay in cashier order right? One time clear all, you dont carry cash to pay.

Only money changers does that, but always kana rob. Hee hee

Edited by frenchfly, 21 November 2014 - 03:31 PM.

I believe men has more pride. I hardly saw men bargain like siao, but if ladies can spend their whole day bargaining haha

Very true, i never bargain.

One price, not there, i walk.

Confirm dropping some more.

One development which was advertising units at $3.5m for the last 3 mths is now advertising it for $2.9mil an instant 15-20% chop.

This developer smart, he knows better that he is in the busness of selling and moving sales, not fighting against the flow.......

Go check it out yourselves, fellas.
So many landed houses now advertising at a 10% cut from previous asking. And all "negotiable"

Muayhahahahhahahahahaa!!!

Mark my words, its coming down more.

Seems 300sqft can fit 4 person inside

To me, the pic seem to tell us, walk from main door to sofa in living room in 4 sec. (Each man act as per sec block) lol....

To me, the pic seem to tell us, walk from main door to sofa in living room in 4 sec. (Each man act as per sec block) lol....

wing chun ah? haha

10% cut from previous asking price does not mean developer is selling cheap if the "previous" asking price was "insane" (140% markup)

it's like $20k overtrade for $200k car given by AD ... $20k overtrade is GIVEN

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Confirm dropping some more.

One development which was advertising units at $3.5m for the last 3 mths is now advertising it for $2.9mil an instant 15-20% chop.

This developer smart, he knows better that he is in the busness of selling and moving sales, not fighting against the flow.......

Go check it out yourselves, fellas.
So many landed houses now advertising at a 10% cut from previous asking. And all "negotiable"

Muayhahahahhahahahahaa!!!

Mark my words, its coming down more.

�

Edited by Wt_know, 22 November 2014 - 01:03 AM.

10% cut from previous asking price does not mean developer is selling cheap if the "previous" asking price was "insane" (140% markup)
it's like $20k overtrade for $200k car given by AD ... $20k overtrade is GIVEN
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Yup, i didnt say anything about being cheap.
i said it will drop more.

Muayhahahaha.....

roger [thumbsup]

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Yup, i didnt say anything about being cheap.
i said it will drop more.

Muayhahahaha.....

�

Edited by Wt_know, 22 November 2014 - 10:29 AM.

Wah, Sentosa "investors" lose millions.......

Millions lost

Attached Thumbnails

Who in the right mind would invest in Sentosa unless got too much $$ to burn anyway. Just driving in and out everyday already pisses you off with the camera and speed humps.�

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Wah, Sentosa "investors" lose millions.......

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Who in the right mind would invest in Sentosa unless got too much $$ to burn anyway. Just driving in and out everyday already pisses you off with the camera and speed humps.�
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Was thinking exactly the same when i drove in. Will burn money somewhere else even if i have the money.

For the super rich to keep their mistress or have their one night stand ma.... If the wife come to catch, guards can notify and the mistress can have enough time to run off in a yatch instead of hiding in the wardrobe and getting beaten up by the tai tai gang.

Who in the right mind would invest in Sentosa unless got too much $$ to burn anyway. Just driving in and out everyday already pisses you off with the camera and speed humps.�
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Errr.. maybe that's the only place you can swim butt naked?...

But got one atb run not fast enough and drowned

sentosa cove is perfect for filty rich PRC and Indian to park their millions la

Errr.. maybe that's the only place you can swim butt naked?...

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And wash your butt and everything else clean clean.

Confirm dropping some more.

One development which was advertising units at $3.5m for the last 3 mths is now advertising it for $2.9mil an instant 15-20% chop.

This developer smart, he knows better that he is in the busness of selling and moving sales, not fighting against the flow.......

Go check it out yourselves, fellas.
So many landed houses now advertising at a 10% cut from previous asking. And all "negotiable"

Muayhahahahhahahahahaa!!!

Mark my words, its coming down more.

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Is it??� How you know?

Edited by CH_CO, 25 November 2014 - 01:05 PM.

S'pore posts biggest drop in house prices in the region

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https://sg.finance.y...44--sector.html

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Asia-House-prices-Q3-JLL.png

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House prices in Singapore fell 4.3 percent year-on-year in the third quarter, making it the largest drop across several Asia Pacific markets, according to JLL and reported in the media.

�

The drop in prices came as extra stamp duties and tighter bank lending rules continue to weigh on market sentiments.

JLL expects house prices in Singapore to continue to correct over the next quarters, with a decline of -2 percent to -6 percent in the quarters leading up to end-2015.

�

In other markets, Manila registered the largest year-on-year increase in house prices at 12.7 percent, while Shanghai came in second with an 8.9 percent increase in prices.

�

Modest price growth is expected in Beijing and Shanghai as sales volumes may improve in the next 12 months after the loosening of mortgage lending policy, said the report.

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In emerging SEA, most markets should see moderate price growth supported by persisting buyer interest. However, capital value growth in Kuala Lumpur is likely to be driven by the introduction of higher priced units.

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Wah

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drop 4..3 % is the biggest loser in APAC?

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Market damn jialat sia�

10% cut from previous asking price does not mean developer is selling cheap if the "previous" asking price was "insane" (140% markup)

it's like $20k overtrade for $200k car given by AD ... $20k overtrade is GIVEN

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�

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oh.. so based on your example like that, means the 10% cut considered market is dropping or not?

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[laugh]

means carrot head pool is getting smaller ...

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oh.. so based on your example like that, means the 10% cut considered market is dropping or not?
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Edited by Wt_know, 25 November 2014 - 08:16 PM.

[quote name="Wyfitms" post="5350257" timestamp="1416907172"]

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Wah
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drop 4..3 % is the biggest loser in APAC?
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Market damn jialat sia�

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Ya people should just buy. This year dropped 4% next yr drop another 4% then can how lian to neighbours I sibei make it buy higher then u.

Its all about relativity. ..if the prices of the region rise higher n spore prices dropped lower....then the buyers will probably find singapore property of more value and worth the purchase.

I reckon the mistress idea is more practical� [thumbsup]

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With that kinda money best to buy first class tix to a nude beach if that's your thing� [blush]

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Errr.. maybe that's the only place you can swim butt naked?...

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Its all about relativity. ..if the prices of the region rise higher n spore prices dropped lower....then the buyers will probably find singapore property of more value and worth the purchase.

Its not as simple as price only.
There are many factors.
Some are natural some are made made.....heh heh

Its not as simple as price only.
There are many factors.
Some are natural some are made made.....heh heh

Singapore has been consistently ranked as the most business friendly n so far the only few countries assessed to be ready for AEC 2015.

Edited by enos, 26 November 2014 - 10:04 AM.

Southeast Asia: Singapore tests its success
Jeremy Grant

Weary commuters stream off the train at the station in Punggol, a district on Singapore's east coast, as retired engineer Michael Ng and his wife hunt down a restaurant in the area known for its seafood.

Like many parts of the Asian city-state, Punggol has been transformed by the economic miracle that propelled Singapore from what was a southeast Asian backwater after independence from Britain in 1965 into one of the world's most successful economies.

The last pig farm in Punggol closed in 1990 as the area's kampongs � a Malay word for village � gave way to dense developments of government housing, home for thousands of Singapore citizens and, increasingly, migrant workers from China that make up a large proportion of the island's 1.3 million population of foreigners. The total population is 5.3 million � about the same as Norway.

But Mr Ng, 67, says life has become "more stressful" of late. "My children have to work very long hours. People have to work hard to maintain their lifestyles, transport costs have already increased these past two years and housing has gone up a lot," he says.

The Singapore in which Mr Ng's children are working is a radically different place from the post-colonial years, when per capita gross domestic product was a mere $550. Thanks to an astonishing feat of nation-building under the iron leadership of Lee Kuan Yew, one of the 20th century's most respected Asian statesmen, Singapore boasts GDP per capita of $55,000, according to the World Bank. That puts Singapore ahead of $47,000 for Ireland, with a comparable permanent population.

And for a tiny city-state whose land mass is about the same as a moderately sized Caribbean island, Singapore has for decades punched above its weight.

Its economy has grown at an average of 5-7 per cent for much of the past decade, helping to create a gleaming financial hub that is closing the gap with Switzerland as the world's largest for wealth management. Singapore is Asia's largest trading center for both foreign exchange and commodities.

Low corporate taxes � averaging 17 percent � have lured foreign investment, turning it into the undisputed business node for the fast-growing economies of southeast Asia. The ships moored in a narrow channel separating Singapore from Indonesia � visible from the top floors of the offices of Citibank and Standard Chartered � are evidence of Singapore's role as the world's largest bunkering port. Corruption is almost unheard of and such is the low rate of crime that uniformed police are rarely seen on the streets.

Yet as Singapore prepares to mark 50 years since independence next year, there is a pervasive sense of unease. The model that built Singapore � based on attracting foreign investment, a steady increase in the population to fuel economic expansion and paternalistic control � will not ensure that the economic miracle continues. "We are now at an inflection point, changing gears, changing pace," says Lee Hsien Loong, the prime minister. "Today [we are] successful, prosperous, [but] not without issues which we have to deal with."

Those issues have been multiplying � unlike Singaporeans. With a falling birth rate, Singapore has had to rely on foreign immigrants, such as mainland Chinese who drive public buses or work on building sites, to keep its economy on track. That has strained transport infrastructure and stirred resentment among some ordinary Singaporeans.

Income disparity has widened as Singapore has become a tax-friendly financial hub. Wealth-X, a research firm, estimates that there are 255 people with $30 million or more in assets, including property and business holdings, per 1 million people in Singapore � more than eight times the average. One effect has been to make Singapore a magnet for upmarket car makers including Maserati, Lamborghini and McLaren, which opened its first showroom there last year.

Meanwhile, a recent study by the Lien Center for Social Innovation at Singapore Management University estimates 10-14 per cent of the permanent population live below a poverty line defined as monthly income of S$1,250 ($962) or less for a four-person household. Those statistics highlight a pressing existential dilemma: can this island country that has spent the past half a century on national development manage a transition to successfully tackling the dilemmas of being a world city?

Piyush Gupta, chief executive of DBS, Singapore's biggest bank by assets, says: "Singapore, in a way, is still going through a crisis of identity. Does it really seek to embrace being a global city or not?" He adds: "For London and New York, the answer has been unequivocal over the past several decades. In Singapore's case the jury is out because being a global city comes with attendant pluses and minuses. If you chose not to want to be a global city, that brings into question the economic and growth model that you seek to aspire to."

Aside from rising living costs and a widening income gap, many Singaporeans feel that they are losing touch with a concept of national identity nurtured by the ruling People's Action party (PAP).

Sudhir Thomas Vadaketh, a local writer, says the combination of globalization, low birth rates and high immigration has "essentially overturned the very essence of a Singaporean identity that our forefathers tried to build".

The government has been promoting ways to nurture a "core" Singaporean identity. Ministers argue that increased debate has bolstered a sense of identity, not eroded it. "This idea of a multicultural, multi-religious and multiracial society has become a lot deeper, this sense of our shared identity and sense of shared destiny is a lot stronger," says Heng Swee Keat, education minister and the politician in charge of the independence celebrations.

He points out that almost a third of school and university students spend some time overseas on exchanges, much of them funded by the government. That was rare when he was a student, says Mr Heng, 52.

Mr Lee has acknowledged the income gap. Last year the prime minister said, "We are not all Ronaldos" � a reference to Portuguese footballer Cristiano Ronaldo � "so the government must intervene more to keep ours a fair and just society". That has involved bolstering social safety nets, with almost $S8 billion set aside in benefits for senior citizens.

The government has also embarked on an economic restructuring that aims to boost productivity and reduce dependence on foreigners. Singapore's productivity levels are about 70 per cent of those in the US, according to Credit Suisse, well behind Taiwan and Australia but just ahead of Britain.

Yet the jury is out on how well that strategy is working, as an International Monetary Fund report said last month. "The planned further slowing inflow of foreign workers, as part of the ongoing economic restructuring, could moderate potential growth and lower competitiveness," it warned. "Productivity improvements might take some time to materialize."

Yeoh Keat Chuan, managing director of the Economic Development Board, responsible for attracting investment, says the "inflection point" cited by the prime minister "is as much about going after new and exciting opportunities as well as restructuring the economy".

Singapore has managed to shift up the value chain in areas such as storage technology, where it claims to account for 40 percent of production of hard disc drives. It has also invested in higher education to ensure a steady stream of skilled staff for foreign companies such as Emerson, a US engineering company.

"They do continue to reinvent themselves and that's why we continue to invest here because we see the universities and technical colleges coming out with the talent we need," says Ed Monser, Emerson's chief operating officer.

Multinational companies continue to choose Singapore to set up regional headquarters. This year Archer Daniels Midland, the US-based agribusiness, moved its regional headquarters from China, while General Motors shifted the bulk of its non-Chinese international operations from Shanghai.

All this highlights Singapore's heightened importance as a southeast Asian hub while the fortunes of its northern rival Hong Kong are increasingly tied to China.

Yet with no economic hinterland of its own, Singapore may have to rely still further on financial services � currently about 11 percent of GDP, compared with 15 percent for Hong Kong � to drive much of the next phase of growth.

Productivity in Singapore's financial sector has outperformed that in any other financial center, according to the IMF, but Mr Gupta of DBS believes the sector's output will have to rise perhaps as much as 20 per cent of GDP. Singapore's emergence as an offshore hub for the renminbi, the Chinese currency, will help. Its English legal system will be even more important, he says.

"What creates a good financial center is not just an aggregation of [financial] flows but a rule of law. In this context most of the other alternative sites in Asia still have a ways to go, and that's something that Singapore really has got going for it," he says. Early next year, Singapore plans to open an international commercial court, at which foreign judges will be allowed to sit. That will be the final building block in an effort to turn Singapore into a top commercial arbitration center in Asia.

Yet the price Singapore will inevitably pay for expanding financial services is that "you have more bankers, you have more McLarens on the road � and then you have the social angle", says one
senior banker. Early this year, British wealth manager Anton Casey apologized in the face of public anger when he posted on Facebook of his relief at being able to "wash the stench of public transport" off him, having collected his Porsche from the car repair shop.

Such sensitivities have tested a ruling party that already had a taste of popular discontent over immigration in the wake of the 2011 general election. While the PAP won just over 60 per cent of the popular vote, it lost six parliamentary seats in what was its worst result since 1965. The PAP will be hoping for better at the next poll, expected either next year or in 2016.

"Whereas in the past you could be very confident that the PAP would win election after election, now for the first time there is some degree of political uncertainty," says Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore (NUS).

The PAP is also grappling with the rise of a noisy social media, where bloggers are openly critical of government policy and provide a popular alternative to the government-leaning traditional media.

"The hitherto pristine 'policy lab' that Singapore's policy makers used to operate in is today being monitored by a more critical and skeptical public," says Donald Low, an associate dean at the NUS and lead author of Hard Choices: Challenging the Singapore Consensus.

Few believe that the PAP will end up having to share power with the opposition at the next election. But Mr Mahbubani says: "After that? You cannot predict. But what I know for sure is that the PAP will have to keep reinventing itself.

"Because, if you've been so successful for so long, like any company you want to stick with your tried and tested formulas and then suddenly you have to change after 50 years of success. It's not easy."

Wah, Sentosa "investors" lose millions.......

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Only the High End Market drop ... Because they ask for ridiculous prices ... Its was only a matter of time ...�

Millions lost

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3M lost is peanuts compared to their net worth in the multmilions lor... sup sup soi for them

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in other news: http://www.propertyg...reign-ownership

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interesting

Vietnamese ladies very fair... But fierce.. So those thinking of shifting second home from batam to Vietnam think thrice..

Vietnamese ladies very fair... But fierce.. So those thinking of shifting second home from batam to Vietnam think thrice..

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I also fierce..... in my pants

Edited by Mockngbrd, 27 November 2014 - 12:35 PM.

http://www.todayonli...-household-debt

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""Despite some moderation in the overall level of household�indebtedness, the level of debt among highly leveraged�households bears close watching," MAS�said in its annual Financial Stability Review. "

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since they cant force banks to writedown property equity values, i suspect the only way they can help if prop prices n rentals fall alot is to ensure the SIBOR remains low.

Time is the only solution if they can help it.

Prices drop meaningfully, wages grow meaningfully, then the gap can be reduced meaningfully.

and hopefully just in time for GE?

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I also fierce..... in my pants

like ur honesty lol

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I also fierce..... in my pants

knn they chew off in defiance then you know..

I read in todays newspaper that Redas already cannot tahan liao, ask Govt to intervene to keep prices up.
To avoid big trouble ....

Wahahahaha, only 5% drop cannot tahan?
But 100% increase no problem?

Let them burn .

I'm waiting for that fire sale and removal of ABSS......
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If only I win toto..

Edited by Chucky2007, 27 November 2014 - 11:18 PM.

I read in todays newspaper that Redas already cannot tahan liao, ask Govt to intervene to keep prices up.
To avoid big trouble ....

Wahahahaha, only 5% drop cannot tahan?
But 100% increase no problem?

Let them burn .

�

Fark them go and die.

Mai spread fear

I read in todays newspaper that Redas already cannot tahan liao, ask Govt to intervene to keep prices up.
To avoid big trouble ....

Wahahahaha, only 5% drop cannot tahan?
But 100% increase no problem?

Let them burn .

I thought Singapore developers got deep pockets and strong balance sheets, can tahan very long without having to drop price to sell?

Aiya, won't die one, only 5% fall..... unless they see a tsunami coming?

Edited by Voodooman, 28 November 2014 - 07:58 AM.

They dunch care price up or down they just want ppl to buy n sell. Nobuddy buy n sell mean no commms

this morning's email. HUAT AH!!!!!!!!

Google image search....is this one... nnb

http://www.propertyg...es-21468/sale/1

Attached Thumbnails

Edited by Mockngbrd, 28 November 2014 - 10:13 AM.

I thought Singapore developers got deep pockets and strong balance sheets, can tahan very long without having to drop price to sell?

Aiya, won't die one, only 5% fall..... unless they see a tsunami coming?

Yah lor, only 5% drop.
All the agents say developers steady continue to buy land at high prices.
Why now Redas begging for help?

bulls**t one lah, let them burn. Agents say no problem, they can tahan , and property sure continue to go up. Hurray..

this morning's email. HUAT AH!!!!!!!!

Google image search....is this one... nnb

http://www.propertyg...es-21468/sale/1

Aiyah, they bluff you one lah.
Our in house expert agent say already, they mark up first then give discount.
Dont be taken in, dont buy.
Wait for 20% discount first, then see how...wahahahahahaa
Let them ppeeeeeettt.

The more I see these concept drawings and artist impressions of the units and surrounding areas, the more irritated I become.

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Fark you your development is the middle of a forest.

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Fark you your balcony view got no other buildings in sight.

no $$$ buy house liao... can only buy this one, but it's freehold.

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Edited by Mockngbrd, 28 November 2014 - 10:45 AM.

Its ok lah ah Mock, i not much better.

Recently i invest some money for my daughter to build a house.
Here it is.

Still got come with car and Yacht....woohoo

Attached Thumbnails

Its ok lah ah Mock, i not much better.

Recently i invest some money for my daughter to build a house.
Here it is.

Still got come with car and Yacht....woohoo

I see no yatch. Please do not mis-represent.

Consumer protection is zilch in this sh itty place. We should adopt similar systems in Europe and USA - the developers will then be very careful in what they represent in the crap (man and woman having a glass of wine by the balcony with fireworks in the sky) cookie cutter brochures.

this morning's email. HUAT AH!!!!!!!!

Google image search....is this one... nnb

http://www.propertyg...es-21468/sale/1

How you squeeze 4 bedrooms into a 2600sqft apartment & give it a penthouse status?

The Sentosa Cannon they steal one is it? ...

it's time to tekan agent ... no 30% no talk ... lol

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Up to 25% price reduction from launch. Yipes!

�

Edited by Wt_know, 09 December 2014 - 04:30 PM.

Looks like sellers blink first.....

Buyers still have time to lim kopi, read mcf and play golf... and buy cars 1st....

He he he

woooooooohoooooooo, is all i can say.

When I saw this article today, I had a feeling I would be seeing it again with a thumb� [thumbsup]

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Old news to McFers who already saw this coming way ahead

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Hehe! Have a roof, have car and warchest of cash waiting but not eager to buy anytime soon. Shall see how long more sellers can tahan! Time for sellers to RUN ROAD!

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Yeah we saw this coming long ago! That's what separates us from those "inflation mongering" agents/speculators CondoSingapore

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Yeah I know money in bank earns peanuts but it's still better than loosing 25% over few years. Money can now pick up cheap and good durians for more profits later! [thumbsup]

Edited by Pmet, 10 December 2014 - 03:47 AM.

When I saw this article today, I had a feeling I would be seeing it again with a thumb�
�
�

You forget the Rolex. Seems like his thumb make a better impression on u.

Throttle Rolex many many mah, thumb is consistent

mai mai... mai spread fear!!!

Why you worry, you already bought at 25% discount right?

waiting for 50% discount !!!

Why you worry, you already bought at 25% discount right?

waiting for 50% discount !!!

Wah lau dont rub it in lah, dude.

haha ... no rubbing la
property is not like car
can buy the same model same spec
whether 25% or 50% if you dont buy you could never buy back the same unit
buy when you feel right ;)

Edited by Wt_know, 11 December 2014 - 07:52 PM.

Lately I hear stories about friends of friend that bought like 2 units new and are now kan chiong causes prices gone below cost. Good luck to them I say, all say want to rent out to cover cost. The development launch by the hundred per tranche I really wonder how many for rent signs are gonna pop up.

�

That said the prices transacted for some development is still damn high, 1600 psf for D'leedon, I wonder if its developer sale with built in "incentives"�

haha ... no rubbing la
property is not like car
can buy the same model same spec
whether 25% or 50% if you dont buy you could never buy back the same unit
buy when you feel right ;)

Hyek hyek hyek

Lately I hear stories about friends of friend that bought like 2 units new and are now kan chiong causes prices gone below cost. Good luck to them I say, all say want to rent out to cover cost. The development launch by the hundred per tranche I really wonder how many for rent signs are gonna pop up.
�
That said the prices transacted for some development is still damn high, 1600 psf for D'leedon, I wonder if its developer sale with built in "incentives"�

Yes it is developer sale with built in incentives.
I was offered at $13xxpsf by developer sales team...
So i dare say all the caveats are built in with incentives.
I was last told that there are still about 100 units unsold?

Edited by Throttle2, 11 December 2014 - 08:51 PM.

Go buy please, the more buyers they have the lower the prices.

Go buy please, the more buyers they have the lower the prices.

Yes please, i also say, go buy, go buy, prices already down.

This is the bottom already, down 10%, cannot be cheaper, ..dont miss the boat again....quickly fire all your bullets

Heeee heee heeee.
Hheeeeeeeeeeeeeee
*evil laugh*

Edited by Throttle2, 12 December 2014 - 02:10 AM.

Prices will fall 10% to 2009 level?

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So prices only rose 10% between 2009 and today?

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Only 10%?

�

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Prices will fall 10% to 2009 level?

�

So prices only rose 10% between 2009 and today?

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Only 10%?

�

�

�

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lol yah thanks for pointing out that discrepancy, maybe they meant US properties?

hahaha ... as we all know ... the 10% is 10%

got xmas discount, new year discount, neighbourhood discount, absorb stamp duty, simi your uncle aunty intro kickback ...

various discounts are built in to "hold" the selling price (board price)

�

Prices will fall 10% to 2009 level?

�

So prices only rose 10% between 2009 and today?

�

Only 10%?

�

�

Edited by Wt_know, 12 December 2014 - 07:36 AM.

Macquarie Research? Do they have any credibility or were they misquoted by the reporter.

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Only 10% increase in house prices between 2009 and today.

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Excess of 12k units can bring the price down 10%?

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When I bought a property in 2002 there was 40k private units unsold

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and also 40k hdb units unsold, totally 80,000 unsold units.

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There is 1 million homes in Singapore so 12k units going unsold

�

is not going to do much to pull prices down.

�

What is going to pull prices down is people losing their jobs

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and not being able to pay their mortgage or people buying

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2 or 3 units and not being able to rent it out to pay the mortgage.

�

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Edited by Jamesc, 12 December 2014 - 09:08 AM.

Macquarie Research? Do they have any credibility or were they misquoted by the reporter.

�

Only 10% increase in house prices between 2009 and today.

�

Excess of 12k units can bring the price down 10%?

�

When I bought a property in 2002 there was 40k private units unsold

�

and also 40k hdb units unsold, totally 80,000 unsold units.

�

There is 1 million homes in Singapore so 12k units going unsold

�

is not going to do much to pull prices down.

�

What is going to pull prices down is people losing their jobs

�

and not being able to pay their mortgage or people buying

�

2 or 3 units and not being able to rent it out to pay the mortgage.

�

�

I beg to differ , what is going to pull prices down is the lack of hot money in the region , coupled with an increase perception of a market crash around the corner due to over supply. Though they aren't many unsold but there are many awaiting TOP with the buyers totally stretched beyond their means.

�

Prices still drop despite stable economic conditions.In fact , the economy is still not as bad as it seems they aren't much people losing jobs yet.

�

To me , this time round , asset prices aren't cyclical and a full scale correction is around the corner

�

Policies like importing foreign talents that aren't loyal would only boost our workforce in terms of numbers but not efficiency and capacity. And many MNC's seems to realised those FTs they employ aren't really good enough and thus cutting down on them. Numbers of FTs seems to be dropping on my count but i might be wrong.

�

In this scenario , how will there be rental income when there is an oversupply places and there aren't as much high paying jobs around? It comes to show our leadership thinks using their bottom and has not thought of how to react out to those professionals and instead tries to fill the nation with CHEAPLY imports which makes even exclusive areas look cheap.

Edited by CH_CO, 12 December 2014 - 11:21 AM.

major job losses and economy downturn trigger crash

this time round is toward correction

depends how soft or hard the landing is

�

every effort is made to correct the property price especially from govt policy

property price vs income level is way mis-align

�

while we have heard many news and stories with regards to not enough CPF for retirement

if there is any paradigm shift in limiting CPF use for housing ... ho say liao!

i also believe the govt is preparing contingency plan for interest rate hike in 2015/2016

�

i recalled KBW said last time the oversupply of HDB ... took several years to clear, no?

�

Edited by Wt_know, 12 December 2014 - 11:35 AM.

My flower power eyes looks like 2009 property price index is about 130 +/-

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and today is over 200.

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Where did they get an increase of 10%?

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What are they smoking?

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The right side percentage looks like 35% in 09

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and over 60% today.

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Only 10% increase?

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The right side percentage looks like 35% in 09

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and over 60% today.

�

Only 10% increase?

�

�

�

�

10% increase as compared to 2 years ago. [rolleyes]

ChCO, we are so zhun

Now its the denial stage, next is the anger stage, wahahahaha.

For the umpteenth time lah , direction is clearly downwards, speed or velocity debatable but getting quicker.

Muayahahahaha

ChCO, we are so zhun

Now its the denial stage, next is the anger stage, wahahahaha.

For the umpteenth time lah , direction is clearly downwards, speed or velocity debatable but getting quicker.

Muayahahahaha

�

Same la ,you can find plenty the MIK forums as well.� To me it is just that few fellows which are in self denial , the rest are in quiet agreement just only they choose to ignore trolls like us.

Edited by CH_CO, 12 December 2014 - 12:02 PM.

Results clearly shows

*snigger*

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 39

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