mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 46

Quite many many months ago, some agent advised me to quickly grab becos it will be sold out the moment it launches.

I told him no hurry.

So it seems that it is still not sold out yet?!?!?!?!?
How come!?!?!?

Oh so the agent toa pow lah.....thats ok, thats what they do.

�

Singapore property all going to boom already because not everywhere including Tuas is within 30 minutes drive to a Unesco Heritage Site

This video say it all.

�

Huat huat!

http://www.straitsti...park-residences

Huat huat!

http://www.straitsti...park-residences

�

Think this one sells well cos the overall quantum is more affordable. In fact, from what I read, their 1 room and 1+1 rooms were in great demand and there were many buyers after these units.

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Think the mindset these days amongst S'porean investors are to grab a private property no matter what as "sure go up, can make money" mentality is ingrained. Obviously, the�studios being more affordable attract the most attention. Developers also build accordingly and compared to the past, more % of smaller units are being built.

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I'm not entirely convinced to invest in these units as in time to come, they will be aplenty but then again I have a terrible track record as�far as property is concerned so what do I know [:p] ��

It has some unique offerings due to its huge number of units. Seldom hear of condo with nine commercial units nowadays. Might entice due to its self-sufficient nature, even though the number of units is astounding, and some would classify as public housing.

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The smaller units might be suitable for singles and divorcees, couples without children etc.

�

�

Think this one sells well cos the overall quantum is more affordable. In fact, from what I read, their 1 room and 1+1 rooms were in great demand and there were many buyers after these units.

�

Think the mindset these days amongst S'porean investors are to grab a private property no matter what as "sure go up, can make money" mentality is ingrained. Obviously, the�studios being more affordable attract the most attention. Developers also build accordingly and compared to the past, more % of smaller units are being built.

�

I'm not entirely convinced to invest in these units as in time to come, they will be aplenty but then again I have a terrible track record as�far as property is concerned so what do I know ��

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wow slum area also can sell out 1,100 units... i think i better stop selling cambodia condo and return back to SG�

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most units sold are 1 bedder somemore... looks like investment demand is still sibei "weak" in today's bear market�

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i really pity these 1100 buyers, if only they spend some time surfing MCF, they would have known that prices will drop another 20% by 2019. really overpaid big time

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now if any clients ask what is my outlook of the mkt, i just send them the URL to visit this thread

if a person follow advice of this thread hor

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he would have been keeping cash for the past 2 years already

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and still going to continue to do so for dunno how long

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pic says a thousand words...�

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after one weekend, only 94% sold... if it was 2 years ago, it would have been 110% sold even before weekend launch

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1,400 units for sale and only a pathetic 4,000 people turn up

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if it was last time, easily need to book national stadium and charter MRT train liao

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looking forward to the ~~CRASH~~ ... oops now it is change of stance to mini me crash (what ever that means) only� [laugh]

Look at it this way.

�

If they bought a few years earlier, with the same price, they might have gotten a unit 20% larger.�

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But who is to say that a few years later, with the same price, they won't be able to get another unit 20% larger (or even larger) than one today? It's really hard to say for sure - who can guarantee?

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Most important is whether they are able to derive value out of the move, whether for own stay or rent. If they are not sure of their game plan(s), then it's still not bad a strategy to stay put and hold cash, go for other kinds of investments etc.

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This particular development TOP at 2019 and as of this year, Govt has slowed down the release of new sites very much. Who knows for sure what the market conditions will be like in 2019? Everyone has to be responsible for their own choices, whether or not it is induced by forum or other people.

�

if a person follow advice of this thread hor

�

he would have been keeping cash for the past 2 years already

�

and still going to continue to do so for dunno how long

�

�

if a person follow advice of this thread hor

�

he would have been keeping cash for the past 2 years already

�

and still going to continue to do so for dunno how long

�

�

keep until the real crash comes lah

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maybe by then got enough cash to FULL CASH 10 property one shot

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[laugh] � [laugh] � [bounce2] �

whether $1100/psf for slum or $2500/psf for atas ... it's too cheap! buy buy buy ...

we need at least 2M homes to house 6.9M population ... what's the count now ... agent huat ah!!!

Edited by Wt_know, 20 July 2015 - 11:14 AM.

Look at it this way.

�

If they bought a few years earlier, with the same price, they might have gotten a unit 20% larger.�

�

But who is to say that a few years later, with the same price, they won't be able to get another unit 20% larger (or even larger) than one today? It's really hard to say for sure - who can guarantee?

�

�

yes, you are absolutely right. who can guarantee?

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hahahahhaa

There are also moderated risks as well if one needs housing options urgently.

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Prices surely can't shoot up anymore, but what if they continue to creep up slowly? Or what if Govt policy suddenly changes?

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There is no guarantee for both directions.

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�

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yes, you are absolutely right. who can guarantee?

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hahahahhaa

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Well done.

As long as put money to the mouth, i respect.

I am one of those better off holding liquid assets
I can buy back what i sold earlier, for less today and my liquid assets yield average 5%pa net

But of course if you fall in the mass market, i feel sorry becos thats where the ratrace is most intensed
Its an irony sometimes, the lower down the food chain the more people try to keep up with the joneses
Some bank executives even buy fake watches to impress people.

Why why must be like that?
In front of people, they talk very big, like as though they handle $200bil project and they have 3000 emplyees etc....
But behind the scenes, the family not enough money, children not well taken care of and instalments big big.

Why why why like that?

I must seek my ?? Latio for a chat soon. He has the true vision to lead me out of disillusion.

Bro T2, I think you have a clear vision and will do well no matter what happens.

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And for the class of asset you are looking and aiming for, there might still be some way more to go so I think it might be wise to wait.

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But for those struggling and swimming upstream from the mass market to have a decent retirement, the options and experience are quite different. Withholding funds from what satisfies their basic needs might actually be an unwise decision.

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It is a heavily individualised situation. No right or wrong answer.

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I am still saving for my first (and hopefully real) watch haha... Because family still uses a huge chunk of my cash flow.

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Well done.

As long as put money to the mouth, i respect.

I am one of those better off holding liquid assets
I can buy back what i sold earlier, for less today and my liquid assets yield average 5%pa net

But of course if you fall in the mass market, i feel sorry becos thats where the ratrace is most intensed
Its an irony sometimes, the lower down the food chain the more people try to keep up with the joneses
Some bank executives even buy fake watches to impress people.

Why why must be like that?
In front of people, they talk very big, like as though they handle $200bil project and they have 3000 emplyees etc....
But behind the scenes, the family not enough money, children not well taken care of and instalments big big.

Why why why like that?

I must seek my ?? Latio for a chat soon. He has the true vision to lead me out of disillusion.

�

Bro T2, I think you have a clear vision and will do well no matter what happens.

�

And for the class of asset you are looking and aiming for, there might still be some way more to go so I think it might be wise to wait.

�

But for those struggling and swimming upstream from the mass market to have a decent retirement, the options and experience are quite different. Withholding funds from what satisfies their basic needs might actually be an unwise decision.

�

It is a heavily individualised situation. No right or wrong answer.

�

I am still saving for my first (and hopefully real) watch haha... Because family still uses a huge chunk of my cash flow.

�

�

�

Don't worry about the real watch. When the time comes, you will know.

�
Don't worry about the real watch. When the time comes, you will know.

Whether real & counterfeit, even a spoilt one is correct twice a day

Well thanks for the faith.

Speaking as a person who lived in HDB from 3 until age of 28, i will say that owning a real watch is not important but rather being real to own that watch, that is the most important.

Some people scrimp and save to buy a watch twice their month salary.
They baby the watch and protect it from every single possibility of scratch including keeping it instead of wearing it.
When they wear the watch , they do so with much pride and satisfaction until they see someone wear one which cost three times their salary.

All this is still fine , dont get me wrong. Taking care of ones possessions is a good value.
However, if the money which was used to buy the vanity could clearly be better used for not other people but their own family especially towards basic needs, then i feel really sorry for that guy even if he were wearing a $500k watch.

Therefore wearing a real watch is good, but being real when wearing that watch is a lot more meaningful. Thats the difference between truly owning the watch versus letting the watch own you.

Best regards
Donny

Hi Donny...

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OMG!� I think typo error.� Should be no resale levy.�� The marketing dept sure kena from the boss.

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Your eyes are so sharp!
�

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eyes must be sharp to spot the error?

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on the contrary i think must be blind to miss the error

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it is in the biggest font size and bolded some more...�

This one better dun buy!

On the contrary, can buy!
Becos developer sibei honest

Huat ah

Muayahhahaha

So it has been two years since i sold my D9 property in July 2013.
Somewhat coinciding with the start of this thread.

As you all know, i hv been calling for a drop and putting my money where my mouth is.
Today sunday so chobo chobo went to check caveats lodge.....
Wahaha 20% lower than what i sold for!

Yet propertyguru agents still listing at at july 2013 prices,....wah lau who they trying to cheat?

On a more serious note, i do know of some who were screwed becos they trusted their agents to drive the price up for them.

One such case is a personal friend, who put up his place for sale sometime 2014.
Agent advised him to raise price by 20% even though he was ok to close lower and more realistically.
Unfortunately, despite relaying his wishes to the agent, he was too easygoing and trusted the agent to manage it for him. In the end, he was not able to sell his property becos agent advertised it too high and probably ignored some offers too. Lucky he rolled his rental contract but for about $500 lower

Now that prices are even lower, and buyers are even more cautious, he is faced with a much lower price if he wants to close the deal. So as with many people, they hold back thinking a better price is round the corner.....hai.....from making some reasonable profit to making miserable profit and holding a risk.
At 40++, if he loses his job, confirm cannot get back one paying the same.

D9 landed impact is definitely great. The pool of buyers and players is already tiny to begin with.

If TDSR is never lifted, the end of the tunnel will definitely be very long for them.

But not all property prices would behave in this nature. I also place money where my mouth is. From 2012 to now, the price has gone up more than 10% based on recent caveats lodged. Of course, the road ahead is hard to say but that is also where the fun is.

So it has been two years since i sold my D9 property in July 2013.
Somewhat coinciding with the start of this thread.

As you all know, i hv been calling for a drop and putting my money where my mouth is.
Today sunday so chobo chobo went to check caveats lodge.....
Wahaha 20% lower than what i sold for!

Yet propertyguru agents still listing at at july 2013 prices,....wah lau who they trying to cheat?

On a more serious note, i do know of some who were screwed becos they trusted their agents to drive the price up for them.

One such case is a personal friend, who put up his place for sale sometime 2014.
Agent advised him to raise price by 20% even though he was ok to close lower and more realistically.
Unfortunately, despite relaying his wishes to the agent, he was too easygoing and trusted the agent to manage it for him. In the end, he was not able to sell his property becos agent advertised it too high and probably ignored some offers too. Lucky he rolled his rental contract but for about $500 lower

Now that prices are even lower, and buyers are even more cautious, he is faced with a much lower price if he wants to close the deal. So as with many people, they hold back thinking a better price is round the corner.....hai.....from making some reasonable profit to making miserable profit and holding a risk.
At 40++, if he loses his job, confirm cannot get back one paying the same.

D9 landed impact is definitely great. The pool of buyers and players is already tiny to begin with.

If TDSR is never lifted, the end of the tunnel will definitely be very long for them.

But not all property prices would behave in this nature. I also place money where my mouth is. From 2012 to now, the price has gone up more than 10% based on recent caveats lodged. Of course, the road ahead is hard to say but that is also where the fun is.

Sorry, i no money to own D9 landed. It was just a small condo.....wahahaha.
Landed property market moved up the most from 2010 to 2014.

Edited by Throttle2, 02 August 2015 - 10:03 PM.

I see. Thanks for sharing.�

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Landed drop has been steepest over the last year, that's partly why I have mistaken. I am also surprised you are actually into condo sector to begin with. �

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Small condos are a very niche market. Nowadays, it's all very locality and price sensitive - need to have a good balance of both to thrive. Location also needs to be sensitive to the demographics of the region.

�

Hope things turn out well for your friend.�

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Sorry, i no money to own D9 landed. It was just a small condo.....wahahaha.
Landed property market moved up the most from 2010 to 2014.

�

So it has been two years since i sold my D9 property in July 2013.
Somewhat coinciding with the start of this thread.

As you all know, i hv been calling for a drop and putting my money where my mouth is.
Today sunday so chobo chobo went to check caveats lodge.....
Wahaha 20% lower than what i sold for!

Yet propertyguru agents still listing at at july 2013 prices,....wah lau who they trying to cheat?

On a more serious note, i do know of some who were screwed becos they trusted their agents to drive the price up for them.

One such case is a personal friend, who put up his place for sale sometime 2014.
Agent advised him to raise price by 20% even though he was ok to close lower and more realistically.
Unfortunately, despite relaying his wishes to the agent, he was too easygoing and trusted the agent to manage it for him. In the end, he was not able to sell his property becos agent advertised it too high and probably ignored some offers too. Lucky he rolled his rental contract but for about $500 lower

Now that prices are even lower, and buyers are even more cautious, he is faced with a much lower price if he wants to close the deal. So as with many people, they hold back thinking a better price is round the corner.....hai.....from making some reasonable profit to making miserable profit and holding a risk.
At 40++, if he loses his job, confirm cannot get back one paying the same.

�

i don;t know what kind of crazy agent your friend engaged.

�

an agent's wet dream is to find a seller like your friend willing to sell low

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and buyer willing to buy high

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he must be mad to want to closer 20% higher and forgo the chance to close a deal quickly and move on

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if i were your friend's agent, i would have asked him to drop another 10% to move it quickly

It's also possible that the friend pointed finger later on to the agent but did not commit to action to sell earlier on. Maybe half-hearted in wanting to sell.

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Just a possibility, not really insinuating anything.

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We are individually responsible for the actions we made or did not make. A change of agent is quite easy for one possible course of action that could have been undertaken.

�

�

i don;t know what kind of crazy agent your friend engaged.

�

an agent's wet dream is to find a seller like your friend willing to sell low

�

and buyer willing to buy high

�

he must be mad to want to closer 20% higher and forgo the chance to close a deal quickly and move on

�

if i were your friend's agent, i would have asked him to drop another 10% to move it quickly

�

Does not make sense for an agent.... As long property sold, he gets his comma....yes, holding out for client if u think is grossly under value but in the case of a sinking market, the advise could be better. If the agent is in the market long enough and has transacted properties at that segment, he could easily tell the market based on the number of viewings, the offer price etc if the number of viewers dried up, isn't it telling u that market is seriously going down?

Bottom line, your fried got a lousy agent.

You have to read between the lines....he is saying that his balls are bigger than the analyst & agents'.....
........I mean crystal ball

Well, perhaps i wasnt clear earlier.

My friend wants to sell at market, but the agent presented to him that the market was rising and also much much optimistic then what it was.

Correct, at the end of the day, the seller or buyer must make his own decision.
When agent act guru, just smile and nod, give him some face let him talk....

My friend is stupid enough to listen.
Damn stupid.
Well he learnt a lesson by not taking charge in such matters

�

i think your friend is damn stupid for not consulting a real guru who can forecast that the market is crashing

If propertyguru put $3mil, it means $2.7mil, other sellers confirm deal. Buyers Will push $2.5mil

So $2.4mil could happen with next 12mths.....
Ok, i will put out at $2.58mil....
Woohooo

Yeah. Good chance to put your Cxxx where your mouth is

nabei ... last time keep pushing for shoebox ... say until shoebox like sure win ...
just pay downpayment ... easy to let out and tenant will pay for your flat
now ... what?

From 2012 there have been many cautionary articles on this. In fact, it led to Minister Khaw restricting numbers of shoebox apartments in suburban developments in 2012, who called it an untested market.

http://blog.moneysma...ons-not-to-buy/

http://m.todayonline...ny-shoebox-fits

The cards have all been laid right from the start. In fact, the oversupply was previously projected to be right now (2015), but in recent articles pushed back to 2017.

http://ifonlysingapo...tments.html?m=1

nabei ... last time keep pushing for shoebox ... say until shoebox like sure win ...

just pay downpayment ... easy to let out and tenant will pay for your flat

now ... what?

�

don't worry

�

when the rents drop to $500 per month for each shoebox unit, i will help the landlords by renting 4 units side by side for the whole family

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then i rent out my hdb flat for $2500, still have positive cash flow $500 per month

�

From 2012 there have been many cautionary articles on this. In fact, it led to Minister Khaw restricting numbers of shoebox apartments in suburban developments in 2012, who called it an untested market.

http://blog.moneysma...ons-not-to-buy/

http://m.todayonline...ny-shoebox-fits

The cards have all been laid right from the start. In fact, the oversupply was previously projected to be right now (2015), but in recent articles pushed back to 2017.

http://ifonlysingapo...tments.html?m=1

�

even during the days of alexis in 2009, it was already clear that shoebox is a failed concept and a wonderful by-product of high psf price trying to package into bite-sized unit for the speculator

�

however, greed often trumps logic so... too bad

nabei ... last time keep pushing for shoebox ... say until shoebox like sure win ...
just pay downpayment ... easy to let out and tenant will pay for your flat
now ... what?

Base on the report it says fell by 10% since last peak in Aug 2013?

Hehheh in Aug 2013 i already predicted hat.
Aiyoh I am so good......dont call myself guru also cannot

Muayhahahahahah

Base on the report it says fell by 10% since last peak in Aug 2013?

Hehheh in Aug 2013 i already predicted hat.
Aiyoh I am so good......dont call myself guru also cannot

Muayhahahahahah

Guru? You almost called yourself "God" already.

Muayhaha?

Actually I am very very surprised that Guru just accepted % reported in ST article, because for articles stating great sales or high PSF, the Guru scoffs at them mostly with his watches that I greatly admire, even though those were real transacted prices.

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I have tried hard to look for evidence that price has softened by 10% since mid 2013, and believe me, any "evidence" is few and very far in between. I looked in districts 5, 14 and 19 as there were a quite a few well known projects with many mickey mouse units. For most of the projects, it was just one or two transactions in 2015. Many of the times, no transaction at all. The previous batches, many were Freehold, so its hard to say for sure if the same trends can be seen for leasehold units, for which prices are cheaper to begin with. The data a few years down the road will be interesting and noteworthy for High Park Residences etc, LH99 MM units. I am not vested in any of the projects listed here.

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Whether there is indeed a 10% drop, I think all gurus here can draw their own conclusions from these few random searches. Caveat emptor.

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Base on the report it says fell by 10% since last peak in Aug 2013?

Hehheh in Aug 2013 i already predicted hat.
Aiyoh I am so good......dont call myself guru also cannot

Muayhahahahahah

�

Attached Thumbnails

MuayhaHaha, only a lousy table wiper here lah.
Talking big only. Not degree holder, no status...
I cant even afford an EC, you all get so excited with my words ah?

A forum allows us to live our dreams.
Thats why i am in this forum for so long.

Fire big cannons loh! Boom boom!
Wooohooo

A forum allows us to live our dreams.
Thats why i am in this forum for so long.

Fire big cannons loh! Boom boom!
Wooohooo

I am living my dreams too. I would never have the chance to "suan" a multi-millionaire in real life.

Fire ! Boom Boom Pow!

BooHoo?

Just sharing based on data only. Dreams is one thing but being accurate in portrayal is another. We are also entitled to own opinions separate from what data says.

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SRPI for small apartments did register index drop of about 10% from the peak to current.

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http://www.ires.nus....pi/default.aspx

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The lack of resales and the huge sales in the outskirt areas led me to suspect that the "drop" is due at least in part to the shift in locality and tenure of sold apartments. From more central locations to more far flung ones and from freehold to leasehold.

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My opinions only. Please feel free to disagree.

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MuayhaHaha, only a lousy table wiper here lah.
Talking big only. Not degree holder, no status...
I cant even afford an EC, you all get so excited with my words ah?

A forum allows us to live our dreams.
Thats why i am in this forum for so long.

Fire big cannons loh! Boom boom!
Wooohooo

�

Sims Urban Oasis - TOP 2018/9. 99years LH by Guocoland. District 14.

Will be interesting how it performs both in terms of price/rental yield.

Their Mickey Mouse units 409sqft at appx 580k.

But that's 3yrs from now...

Anything goes.

�

[drivingcar]

Their Mickey Mouse units 409sqft at appx 580k.

wat da fudge... for their doggies to stay?

�

Edited by Mockngbrd, 17 August 2015 - 02:46 PM.

anything below $600k is cheap ... don't buy don't have liao ...

no need to see floor plan, just whack ... agent says one

�

wat da fudge... for their doggies to stay?

�

Edited by Wt_know, 17 August 2015 - 02:48 PM.

~~Sims~~�Simi Urban Oasis - TOP 2018/9. 99years LH by Guocoland. District 14.

Will be interesting how it performs both in terms of price/rental yield.

Their Mickey Mouse units 409sqft at appx 580k.

But that's 3yrs from now...

Anything goes.

�

�

After TOP...

anything below $600k is cheap ... don't buy don't have liao ...

no need to see floor plan, just whack ... agent says one

�

�

Agent got professional negligence insurance policy with you? If not, just trying to be like the blind leads the blind? [lipsrsealed]

developer huat ah! ... can raise price for EC liao ... 750sqft unit with 150-200sqft balcony ... muahahaha

agent huat ah! ... bigger pool of buyers

huat huat huat ah!

Attached Thumbnails

Edited by Wt_know, 22 August 2015 - 08:47 AM.

Oh no!!!!!!

EC pool up.
Private pool lagi smaller

Private properties cui again!!!!

Nation's prosperity must be shared. The more it is shared the more resilient the system becomes.�

�

Time to upgrade your HDB to EC. Congrats!

�

Oh no!!!!!!

EC pool up.
Private pool lagi smaller

Private properties cui again!!!!

Good lah...then got better bargains down the road mah....

Happy upgrading and downgrading to all!�

�

Huat!

�

Good lah...then got better bargains down the road mah....

�

we'all know by 8pm tonight ...

agent stand-by monday to open showroom till 11pm ... muahahaha

huat ah! i wish all cheong EC and left PC higher vacancy [laugh]

Edited by Wt_know, 23 August 2015 - 01:08 PM.

Both types of entry level ECs and PCs are hugely dependent on HDB markets. But both are actually separate segments catering to different long term aspirations.

�

Everybody huat!

�

we'all know by 8pm tonight ...

agent stand-by monday to open showroom till 11pm ... muahahaha

huat ah! i wish all cheong EC and left PC higher vacancy

�

Nation's prosperity must be shared. The more it is shared the more resilient the system becomes.�
�
Time to upgrade your HDB to EC. Congrats!
�

Tell me which ec is in central matured estate. Otherwise, waste time n $$$$

Yes Sir, that too.�

�

The change is not relevant for all I concur.�

�

Tell me which ec is in central matured estate. Otherwise, waste time n $$$$

�

The whole market just looks so limp and weak...... Scary....

Vegetable Buyer: Hey, do you sell vegetables?

�

Fish Seller: Nope I only sell fish. Please pick the type you want as displayed Sir. We have all kinds of fish, big or small, bony or less bones, more expensive and less expensive. What would you like?

�

Vegetable Buyer: How much is your grouper?

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Fish Seller: $4X per kg Sir.

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Vegetable Buyer: So expensive? You trying to Tok people right? How about the snapper?

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Fish Seller: $3X per kg Sir.

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Vegetable Buyer: Still very expensive! Last time when I was young, it was only $1X per kg.

�

Fish Seller: The labour and transport costs to supply the fish nowadays is much higher, my cost of living also higher now, no way to sell at yesterday's price.�

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Vegetable Buyer: Based on the cycle of prices, it will have to come down soon. I don't believe it can stay high.

�

Fish Seller: Fish are harder to catch nowadays. Yes certain months more supply but overall still going up. All the fishmongers trading at these prices.

�

Vegetable Buyer: OK, how about the golden pomfret?�

�

Fish Seller: Oh that is $1X per kg Sir. Does it meet your budget?

�

Vegetable Buyer: It does yes. But I am not here to buy fish. I am a vegetarian, only shopping for myself, so no way I will buy fish.

�

Fish Seller: I see Sir. Have a nice day then.

�

Vegetable Buyer: But if you sell your grouper or snapper for $1 per kg, or if you sell me the pomfret for $0.5 per kg, I will buy. Seriously, I will make sure I check the markets everyday until I find that price. Markets is so lousy now for sure you will beg me at those prices I quoted. Take it or leave it.

�

Fish Seller: ...

�

The whole market just looks so limp and weak...... Scary....

�

Edited by Seohster, 23 August 2015 - 11:21 PM.

STI lausai

�

all investors flocking to showrooms

�

car buyers chiong COE

�

Sol Acres booking like fish market last weekend

�

I think STI must drop back to 1600 like in GFC then showroom become ghost town� [crazy]

EC HUAT AH!!!!!!!! � 14k income can buy liao!!!

won't buy 1 year ago won't buy now , anyway plenty of margin calls coming our way.

�

Heard from my friends from banking and brokeages , blood bath is here! DJI and S&P limited down . Should be seeing "high" flyers soon.

�

That said , i would rather be the vege buyers than the fish seller now. So applies if you are having property.

�

What will happen , massive panic , everyone lost , get margin call , cuts everything , get saved . Those which didn't gets a further down movement which eventually forces almost all of them to have a massive loss , only for it to rebound in the upcoming days , those which fall for it will go through another round of terror thus wiping every cent they have out.

�

Result , foreclosures , force selling and massive job losses. Good luck trying to "tank" the drop. Fish will be selling at 1x per kg soon and for quite a long time .Recovery would slow and painful this time round.

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Edited by CH_CO, 24 August 2015 - 11:56 PM.

Wait for market almost closing and the fish seller almost has to throw away the fishes than offer 50 cents for the pomfret, snapper AND Grouper!

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:XD: �� money saved used to fun COE.

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Thanks for reading the story. Have fun with your fish or vege!

Seohster, on 25 Aug 2015 - 09:05 AM, said:

Thanks for reading the story. Have fun with your fish or vege!

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I think most people might have to start opening canned food and pickled salted vege and preserved duck eggs/porridge

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need to clear home food stock liao

God blesss me

God blesss me

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eh since whn u becum religious...u oni worship tetek

Singapore�s Public Homes Incentives May Hurt Private Developers

�Pooja Thakur Mahrotri

August 24, 2015 � 5:00 PM EDT

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Singapore wants to make public housing more affordable ahead of elections. That�s creating another headache for developers already under pressure from plunging sales and home prices.

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Prime Minister Lee Hsien Loong said Sunday he�s boosting grants for public housing, where more than 80 percent of Singaporeans live. He will also raise the household monthly income ceiling to qualify for new units by S$2,000 to S$12,000 ($8,519) and to S$14,000 for more upscale executive condominiums to ensure homes are within reach for more of its citizens.

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Developers are already grappling with falling prices and lower sales after the government began introducing residential curbs in 2009 as low interest rates and demand from foreign buyers raised concerns that the property market was overheating. More generous public-housing rules are likely to hurt demand from middle-income families who otherwise would have had to buy on commercial terms.

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�The move will impact sales of mass-market private homes, which are already suffering from a loss in demand due to the property curbs,� said Donald Han, Singapore-based managing director at real estate broker Chestertons.

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Monthly private home sales have dropped to about a third the level prior to the mortgage curbs in 2013, Han said. Mass-market homes account for about half the monthly sales. For Singaporeans who live in public housing, about 90 percent own their apartments, one of the world�s highest ownership rates.

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More Pain

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The latest moves to draw more people to subsidized housing are adding to the woes of developers already bracing for a tougher outlook. CapitaLand Ltd., Singapore�s biggest property company, said this month the government curbs will impact the market �for a while� and it�s not clear when the measures will be lifted. Its biggest rival, City Developments Ltd., said the operating environment in Singapore was expected to stay challenging in the near term.

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Prices dropped for a seventh consecutive quarter in the three months to the end of June, the longest losing streak in 13 years, while private home sales slumped to a six-year low in 2014. The government�s curbs have included a cap on debt repayment costs at more than half of a borrower�s monthly income, higher stamp duties on home purchases and an increase in real estate taxes.

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While the latest public housing sweeteners will soften demand for homes that appeal to typical buyers in the wider market, they will have little effect on luxury apartments, OCBC Securities said in a research note on Monday.

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Bamboo Poles

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�Given the government�s push to improve the affordability of housing for the middle-income group, we believe there may be some impact on the private mass-market segment but this should have little implications on the high-end segment,� OCBC said.

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Government-built apartments, which are clustered throughout the island-state, tend to be blocky and unadorned, with laundry often hanging off bamboo poles outside. While private condominium owners have easy access to swimming pools, gyms and tennis courts, these amenities are commonly shared by entire suburbs of public-housing residents. Government units have restrictions on resale and rental, as well as a minimum occupation period.

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Lee, who said on Sunday he will call for elections soon, also announced grants for families who are buying public housing units close to their parents. The incentives will prompt some eligible buyers to switch from the private market and consider government housing, said Vikrant Pandey, an analyst at UOB Kay Hian Pte in Singapore.

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Steeper Correction

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�The move will help boost demand for public housing, which saw a steeper price correction than private homes,� Pandey said. �There will be some impact on demand for private mass-market homes.�

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Resale prices for homes planned and developed by the government�s Housing & Development Board, known as HDB, have dropped 9.6 percent since the third quarter of 2013, compared with a 6.7 percent decline in an index tracking private residential prices.

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Lee�s ruling party is managing issues from rising costs to increasing frustration among citizens against an influx of foreign workers. The government has sought to shore up support among voters in recent years by boosting spending on lower-income families and the elderly after losing some districts in the 2011 ballot.

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what rubbish

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i say with higher ceiling for HDB means more demand for HDB so price will go up�

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when BTO reaches $500K for 4 rm flat, EC will smelly smelly be $1,000 psf since income ceiling also go up

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then private developer will be able to justify raising their mass market to $1,400 psf to $2,000 psf depending on location�

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and govt continue to sell GLS land at $500 psf and above

Sometimes I would think , if the income cap is at 12 or 14k , what diff would it make since those aren't made for the general public , most of us would still be staying bto or hdbs earning a typical wage 3-5k per month, do you think those would be buying a EC?

The EC is just a project for wannabe higher middle income groups which the garmen wants to tap on get them to commit to a debt which would probably take them a long time to clear than if there are to buy normal bto.

How much the garmen prices would really depend on how eager they are in trying to win votes. It is a know fact that many are unhappy with all this mambo jambo about ECs and psf,look deeper and look at how much debt those people are putting themselves in.

An EC easily cost you 1-2 mil for a good location and good view, how long do you think a family household income of 14k will take to repay? Don't eat don't spend also need 10 years.

Haha it is just a dream created for dreamers for something which doesn't create economic value. Those which keep thinking singapore will always remain expensive is in for a rude shock should our neighbors become competitive.

Agents nowadays don't walk around in the neighborhood and keep blowing their own trumpets on unrelated relationship to their perceived view of how prices should be , without knowing the cost of building one.

I cite an example 20 years ago a coffeeshop is sold for 2.5mil generates an income of 10k and up consistently on average for the past 20 years and eventually sold for 20 million nowadays vs an EC sold at 2mil ,do you think that is going to fetch you 20mil in 20 years ? Dude there is a science on relative affordability which you might wanna consider reading.

Edited by CH_CO, 25 August 2015 - 11:54 AM.

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eh since whn u becum religious...u oni worship tetek

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go away la u

�what relative affordability. it's either u can afford or cannot afford�

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i must say your coffeeshop example is top notch, hit the nail on the head

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comparing commercial with residential. so the returns have to be the same?� [laugh] � [laugh]

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anyway i am not in credit, so i don;t know all these financial returns mambo jumbo

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i only familiar with how to fill up PP form to sell condo� [scholar]

will CDL cry papa cry mama in this weekend ST edition? LOL

private developers got huge ex-stock to clear ... jialat liao !!!

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Singapore�s Public Homes Incentives May Hurt Private Developers

Edited by Wt_know, 25 August 2015 - 02:29 PM.

�what relative affordability. it's either u can afford or cannot afford�

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i must say your coffeeshop example is top notch, hit the nail on the head

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comparing commercial with residential. so the returns have to be the same?� �

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anyway i am not in credit, so i don;t know all these financial returns mambo jumbo

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i only familiar with how to fill up PP form to sell condo�

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From what i know , there is a difference between residential and commercial but coffeeshop may include a residential 3 room , i think even in residential ,there is also a difference an investment grade property and one intended for own stay which you too failed to highlight. I am just replying based on whatever you implied. I am not in property either , to me as long as it is not my home , i take it point blank as an investment , no diff from commercial and residential.

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It is just a matter of playing around with words.

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That said , prices are relative to supply and demand and it's intrinsic economic value , you can't force someone to buy something which they can only afford 10 bucks for 50 bucks. But you can force a seller to sell at 10 even though he thinks it is worth 50.

Edited by CH_CO, 25 August 2015 - 03:43 PM.

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Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 46

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