mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 19

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

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

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

Not disagreeing with you bro. I believe it will come off too.

But as you said, for most property buyers (since speculators have been weeded out) it is a long term thing, not for short term profits. So despite the generally accepted sentiment that prices will dip a certain %, there are still people buying and that accounts for the long queues at show flats.

I belong to this group of people but I am looking at a different market segment, namely bigger sized prime freehold units and prime freehold landed. For these segments, a good one is hard to come by, and if I see a good one for sale, at a relatively reasonable price considering the current climate, I will still buy. Of course I am aware of the high possibility of prices dipping but a good property is rare and if it comes on to the market, I may not hesitate to buy it. Because property is for the long term.

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

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

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

so many CMs to control the price from going further but until when they want to reduce the price? 50%? the demand will jump in again. so dont dream drop so much.�

Not disagreeing with you bro. I believe it will come off too.

But as you said, for most property buyers (since speculators have been weeded out) it is a long term thing, not for short term profits. So despite the generally accepted sentiment that prices will dip a certain %, there are still people buying and that accounts for the long queues at show flats.

I belong to this group of people but I am looking at a different market segment, namely bigger sized prime freehold units and prime freehold landed. For these segments, a good one is hard to come by, and if I see a good one for sale, at a relatively reasonable price considering the current climate, I will still buy. Of course I am aware of the high possibility of prices dipping but a good property is rare and if it comes on to the market, I may not hesitate to buy it. Because property is for the long term.

agree property isnt stocks, just keep it, esp in sg whereby land is scarce, its like more valuable than gold.�

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

So put your money where your mouth is my friend.
Buy now.

So put your money where your mouth is my friend.
Buy now.

bought liao last year, exercise on July

Not disagreeing with you bro. I believe it will come off too.

But as you said, for most property buyers (since speculators have been weeded out) it is a long term thing, not for short term profits. So despite the generally accepted sentiment that prices will dip a certain %, there are still people buying and that accounts for the long queues at show flats.

I belong to this group of people but I am looking at a different market segment, namely bigger sized prime freehold units and prime freehold landed. For these segments, a good one is hard to come by, and if I see a good one for sale, at a relatively reasonable price considering the current climate, I will still buy. Of course I am aware of the high possibility of prices dipping but a good property is rare and if it comes on to the market, I may not hesitate to buy it. Because property is for the long term.

Property is for long term. Absolutely.

And You've said it.
You are looking to buy but only if you see a good one at reasonable price considering current climate.
What would be reasonable price then?

If you are one of those in the market for $20m to $30m type of properties then we hv nothing to duscuss already becos those kind are more about the heart and feeling.

But if you are in market for $3mil to $5mil property, it is still sensitive to many factors leh, dude

bought liao last year, exercise on July

Well done.

No wonder you scared drop, muayhahah.

Good luck , jul to sep 2013 is record peak for resale private.

But my question is now, now now.
Now can you buy another?
Even if you can, will you?

No?

I close my case.

Kee chiu!!!

Property is definitely not like stocks, you've got that right.

Which is why it takes 6 mths to a year to actually experience a meaningful shift.

Those who got no holding power , beware.

Property is for long term. Absolutely.

And You've said it.
You are looking to buy but only if you see a good one at reasonable price considering current climate.
What would be reasonable price then?

If you are one of those in the market for $20m to $30m type of properties then we hv nothing to duscuss already becos those kind are more about the heart and feeling.

But if you are in market for $3mil to $5mil property, it is still sensitive to many factors leh, dude

Well done.

No wonder you scared drop, muayhahah.

Good luck , jul to sep 2013 is record peak for resale private.

But my question is now, now now.
Now can you buy another?
Even if you can, will you?

No?

I close my case.

Kee chiu!!!

i bought for own stay, so no prob ba not for investment so thats why.

i waited since 2012

�

and i small fry la at 1 mio range only. i not yet millionaire haha

�

though cant afford another one but i can hold cos dp 60% plus 13% stamp+ABSD

�

and best thing is monthly installment only $1xxx hehe

Edited by Thaiyotakamli, 11 February 2014 - 09:44 PM.

i bought for own stay, so no prob ba not for investment so thats why.
i waited since 2012
�
and i small fry la at 1 mio range only. i not yet millionaire haha
�
though cant afford another one but i can hold cos dp 60% plus 13% stamp+ABSD
�
and best thing is monthly installment only $1xxx hehe

So you dont fall in that equation. Thats my point.
Enjoy your property, good for you.

So you dont fall in that equation. Thats my point.
Enjoy your property, good for you.

Don't be condescending ok? Your bonus alone can pay off his entire property already ;)

Don't be condescending ok? Your bonus alone can pay off his entire property already ;)

Wah lau!
What talking you?

He doesnt fall into the equation becos he already bought his property and its for own stay, thereby is out of the market already.

What has it got to do with my crummy bonus ?

Dont anyhow link hor!

Edited by Throttle2, 11 February 2014 - 11:04 PM.

Good exchange between T2 and Viceroy.�Keep�it going.�

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

�

Yes bro. Our govt can will the property market to go up or not to crash. Their measures are all powerful and immune to external events.� [thumbsup]

�

Too bad they all went on holiday in 1997-1998

�

Also in 2001-2004�

�

And also in 2008

�

But this time is different. They will not allow property market to crash!

�

�

and best thing is monthly installment only $1xxx hehe

�

Thank goodness for the feds

20% drop is not a crash lah. With a 20% drop, most if not all owners are still in good stead with the banks.

But if 40-50% drop in price, many owners will be in negative equity and that's when banks will require substantial top-ups and there will be many foreclosures.

Not disagreeing with you bro. I believe it will come off too.

But as you said, for most property buyers (since speculators have been weeded out) it is a long term thing, not for short term profits. So despite the generally accepted sentiment that prices will dip a certain %, there are still people buying and that accounts for the long queues at show flats.

I belong to this group of people but I am looking at a different market segment, namely bigger sized prime freehold units and prime freehold landed. For these segments, a good one is hard to come by, and if I see a good one for sale, at a relatively reasonable price considering the current climate, I will still buy. Of course I am aware of the high possibility of prices dipping but a good property is rare and if it comes on to the market, I may not hesitate to buy it. Because property is for the long term.

�

i agree with you...if you looking for a own-stay property.. it's has a very different set of consideration than investment property. If you see your home as a place to reflection of you and there is�no 2 house that is the same. �Price moving upwards or downwards become irrevelant to you, although , you still need to check you affordablity.

Got 90% interested�buyers even before official opening sales. Party still on. A lot of ppl kee chiu mah.

�

UOL collects over 500 cheques for Riverbank Fernvale

�

http://www.propertyg...iverbank-fernva

Got 90% interested�buyers even before official opening sales. Party still on. A lot of ppl kee chiu mah.

�

UOL collects over 500 cheques for Riverbank Fernvale

�

http://www.propertyg...iverbank-fernva

�

Looks like everyone still rushing to buy cheap condo

�

wonder why kwek leng beng wants to lift the CM. He siao ah?

Actually Riverbank like not bad in terms of facilities and layouts. But too bad i not capable of kee-chiu-ing.

40-50% drop i hoots!

Edited by Mockngbrd, 12 February 2014 - 10:03 AM.

CDL high class ma ... no $2000 psf no talk ... so potential buyers TDSR & MSR all kena

�

what is selling now is < $1M .... $550k-$750K consider kacang putih ... snap up immediately

�

�

Looks like everyone still rushing to buy cheap condo

�

wonder why kwek leng beng wants to lift the CM. He siao ah?

�

Edited by Wt_know, 12 February 2014 - 10:38 AM.

Like that CDL should build more 400 sqft units and sell at $800k. All will be snapped up too,

�

He is losing his business acumen LOL

�

CDL high class ma ... no $2000 psf no talk ... so potential buyers TDSR & MSR all kena

�

what is selling now is < $1M .... $550k-$750K consider kacang putih ... snap up immediately

�

�

�

Like that CDL should build more 400 sqft units and sell at $800k. All will be snapped up too,
�
He is losing his business acumen LOL
�
�
�

Cannot lah... Later people call him "inhuman"

Cannot lah... Later people call him "inhuman"

�

� [laugh] �

usa debt ceiling is raised

janet yellen speech on continous monetary policy

music continues ... let's party !!!

stock market got a little boost ... huat ah !!!

Edited by Wt_know, 12 February 2014 - 09:17 PM.

alamak ... cpf contribution is proposed to be raised to better cover medisave (older worker) and OA for housing

with more $$$ in cpf ... can see cannot touch ... means property can sell higher ... huat ah!!!

Edited by Wt_know, 12 February 2014 - 09:34 PM.

Got 90% interested�buyers even before official opening sales. Party still on. A lot of ppl kee chiu mah.
�
UOL collects over 500 cheques for Riverbank Fernvale
�
http://www.propertyg...iverbank-fernva

These arent the market movers.
This is the "retail" segment as i hv highlighted .

sibei exaggerated ... like that called PRICE WAR ... LMAO !

�

Competition heats up among developers in Sengkang area

�

Frasers Centrepoint did not reveal an average selling price but said that the selling price of units at RiverTrees Residences will range from S$950 psf to S$1,150 psf in the initial phase.

Edited by Wt_know, 13 February 2014 - 07:58 AM.

usa debt ceiling is raised

janet yellen speech on continous monetary policy

music continues ... let's party !!!

stock market got a little boost ... huat ah !!!

�

party party!!!! [grin]

�

sibei exaggerated ... like that called PRICE WAR ... LMAO !

�

Competition heats up among developers in Sengkang area

�

�

i had to keep myself from laughing

�

when the sales agent told me that�it's time�for me to�upgrade

�

to a condo smaller than my hdb, in a poorer location and costing more than 3 times the price of my HDB.�

�

not to mention higher maintenance fees

�

Sounds like developers are rushing to offload. The door is closing and everyone is rushing for the exit.

�

sibei exaggerated ... like that called PRICE WAR ... LMAO !

�

Competition heats up among developers in Sengkang area

�

�

sibei exaggerated ... like that called PRICE WAR ... LMAO !

�

Competition heats up among developers in Sengkang area

�

�

Price got lower meh?

�

$950 psf for penthouse and $1,150 psf for typical units still very the high for SK area leh

�

i had to keep myself from laughing

�

when the sales agent told me that�it's time�for me to�upgrade

�

to a condo smaller than my hdb, in a poorer location and costing more than 3 times the price of my HDB.�

�

not to mention higher maintenance fees

�

�

have you heard the one when buyer complained why the condo faces the HDB block, like not so atas like that

�

the agent said everyday look at the HDB will remind you that you have made it in life (now that you are staying in a condo) =D

�

Price got lower meh?

�

$950 psf for penthouse and $1,150 psf for typical units still very the high for SK area leh

�

have you heard the one when buyer complained why the condo faces the HDB block, like not so atas like that

�

the agent said everyday look at the HDB will remind you that you have made it in life (now that you are staying in a condo) =D

�

Just like Centro Residences in AMK, facing so close to HDB.

To the condo owner, it will remind him that he has made it in life.

To the HDB owner, he will say siao lang to pay 3X the price just across the street.

�
Just like Centro Residences in AMK, facing so close to HDB.
To the condo owner, it will remind him that he has made it in life.
To the HDB owner, he will say siao lang to pay 3X the price just across the street.

To me, condo beside hdb block in the heart of hdb estate is really a marketing boon by developers.
Becos Singaporeans are so ???, they are willing to downgrade to a much smaller place in a private compound beside the hdb block they used to live.

Uniquely Singaporean!

I will not buy a "hdbcondo"
I rather stay put in my HDB with much ease in my finances.
But thats me

�

Just like Centro Residences in AMK, facing so close to HDB.

To the condo owner, it will remind him that he has made it in life.

To the HDB owner, he will say siao lang to pay 3X the price just across the street.

�

in todays context, for a simple cost equation comparing staying in hdb or neighborhood condo, could be work out quite easily. Just these 4 items,

�

1) raised social status from hdb dweller to private.

2) With security guards.

3) Swimming pool,gyms, bbQ pit, etc..

4) Free carpark.

�

do you think these 4 items worth 700K for a start?� if you think it worth it, go ahead and buy a condo...hehehe...

�

These 4 items worth more than $700K lor. Starting already chao chao $1.2M.

�

�

in todays context, for a simple cost equation comparing staying in hdb or neighborhood condo, could be work out quite easily. Just these 4 items,

�

1) raised social status from hdb dweller to private.

2) With security guards.

3) Swimming pool,gyms, bbQ pit, etc..

4) Free carpark.

�

do you think these 4 items worth 700K for a start?� if you think it worth it, go ahead and buy a condo...hehehe...

�

�

�

in todays context, for a simple cost equation comparing staying in hdb or neighborhood condo, could be work out quite easily. Just these 4 items,

�

1) raised social status from hdb dweller to private.

2) With security guards.

3) Swimming pool,gyms, bbQ pit, etc..

4) Free carpark.

�

do you think these 4 items worth 700K for a start?� if you think it worth it, go ahead and buy a condo...hehehe...

�

�

hmm..when you have children. you will understand that value of a safer environment cannot be estimate in $$.

�

it's the same as ppl buying� a flat 100k more than the usual for 3-rm at MP. Simply because they want to get their children into the school within 1 km..

Edited by ShepherdPie, 13 February 2014 - 10:54 AM.

�

�

hmm..when you have children. you will understand that value of a safer environment cannot be estimate in $$.

�

it's the same as ppl buying� a flat 100k more than the usual for 3-rm at MP. Simply because they want to get their children into the school within 1 km..

�

HDB not safe enough?

�

HDB not safe enough?

�

Loan sharks can come and set fire to your house or car

�

trouble makers can bring beer and drink at your void deck or stairwell and start fighting

�

Loan sharks can come and set fire to your house or car

�

trouble makers can bring beer and drink at your void deck or stairwell and start fighting

�

in general , hdb is quite safe...

�

But in popular estate esp those next to mrt, there is a �more rowdy crowd. Saleman at the door etc. Funny mad men lurking below at the void deck.

Edited by ShepherdPie, 13 February 2014 - 11:32 AM.

�

�

in general , hdb is quite safe...

�

But in popular estate esp those next to mrt, there is a �more rowdy crowd. Saleman at the door etc. Funny mad men lurking below at the void deck.

�

i thought next to MRT is prime estate? How can have mad men?�

at redhill mrt area , there was this mad man that shout every morning ard 6+.. he will yell for ard 30mins..before he calls it a day..

�

then another one who carry a guni sack and walk ard the estate.. one of my neighbour kena punch by him.. because he didnt give way.. :|

�

There were other matters like not enuff parking space, theft at the corridor�and no lift at carpark .. We spoke to MP.. but MP.. wah lao.. MP didnt have time for us.. and his kaki actually told us that "we have to live with it.. because we are staying hdb..." *suck*

�

Once in a while, there is the bad children lurking ard.. I remember there was a chinese boy who ask/cheat $$ to eat lunch.� Then another indian boy less than 9 yr old.. also asking for $$.. And some neighbour saw him smoking..

�

Forget to add.. sometimes got superman or superwoman that does not stay in the estate.. to come to fly.

�

Aniway.. i hope these is only happening in redhill. That place very "happening".

�

Edited by ShepherdPie, 13 February 2014 - 11:56 AM.

�

i thought next to MRT is prime estate? How can have mad men?�

�

that why need to stay in pte condo if you want to stay near mrt. Radx will never know what i am talking abt..

Edited by ShepherdPie, 13 February 2014 - 11:59 AM.

For those who are still thinking of investing in "safer" and "cheaper" markets in Australia/ London etc

�

I think there is no property bubble in our market. Property bubble occurs when the prices increase drastically, but our market is like this from begining. Only thing change is the high interest rate and direct foreign investment.�

Wah lau!
What talking you?

He doesnt fall into the equation becos he already bought his property and its for own stay, thereby is out of the market already.

What has it got to do with my crummy bonus ?

Dont anyhow link hor!

So how was your bonus anyway? Heard it was below expectations for most, given that the media had reported high bonuses to be expected, a few weeks ago...

guru talk or salesman talk? you judge lor ...

the consensus is ... price softening probably 3rd quarter of 2014 to 2015

by and large ... price moderate but ... no double digit down la ... tan ku ku

does moderate means $1200+psf down to $950-1150psf but smaller unit? lol

�

Edited by Wt_know, 13 February 2014 - 09:14 PM.

So how was your bonus anyway? Heard it was below expectations for most, given that the media had reported high bonuses to be expected, a few weeks ago...

Only got 3mths bonus. $4.2k x 3 = $12.6k
Cant complain. Lucky still have job.

Only got 3mths bonus. $42k x 13 = $546k
Cant complain. Lucky still have job.

�

edited for you

Wealth management bonus not so little one lah [laugh]

Wealth management bonus not so little one lah

I would think so but i wipe tables so it's different....

�
�
edited for you

Wah lau always anyhow edit....that is more like my 10 yrs salary.
How i wish its so good.....hai....can never upgrade my hdb to condo like this.

Edited by Throttle2, 14 February 2014 - 07:44 AM.

I would think so but i wipe tables so it's different....
Wah lau always anyhow edit....that is more like my 10 yrs salary.
How i wish its so good.....hai....can never upgrade my hdb to condo like this.

Aiyah, don't act lar... We all know that bonus amount is what you give to your maid... Hehe...

Aiyah, don't act lar... We all know that bonus amount is what you give to your maid... Hehe...

For your info, i dont even have a maid, unless you consider my wife to be one lah.... Hahah

i went to kaypo riverbank... the 1/2rm layouts are actually very nice if you take those units with lofts.

but alas, i no have blank cheque to give them... so i left with tail between my legs :(

If demand is so good why need to sweeten deal ah?

Oh..... Becos sweeten deal already then got demand, i see i see.
Discounts reported between 8 to 11%

Does that mean those who bought earlier "lost" money?
Aiyoh but how can, agent always tell me Singapore property is confirm up up up, no such thing as retrace.

Attached Thumbnails

Edited by Throttle2, 14 February 2014 - 07:48 PM.

If demand is so good why need to sweeten deal ah?

Oh..... Becos sweeten deal already then got demand, i see i see.
Discounts reported between 8 to 11%

Does that mean those who bought earlier "lost" money?
Aiyoh but how can, agent always tell me Singapore property is confirm up up up, no such thing as retrace.

this time round you showing the bling bling clasp ah?? [laugh] [laugh]

�

Time to sit back and relax. Wait for the discount to spread to the other districts. Then ho sei liao.

How many will sell in panic? ??!

How many will sell in panic? ??!

I believe most Singaporeans being rooted here wouldnt unless they hv too much"inventory"

However, i do know foreigners who has thrown out at slight loss. To them its just another money making instrument. Not making , just sell, move to something else, no qualms no baggage.
They are not waiting till cows come home to make 10%

this time round you showing the bling bling clasp ah??

�

�

his fingers damn fat nia...like oedema and fluid collection.....

�
�
his fingers damn fat nia...like oedema and fluid collection.....

Do chor kang of course big and fat and rough lah.

Not i say one hor....big banker say one

Attached Thumbnails

Not i say one hor....big banker say one

�

i thought last night on tv news, he said even drop 30% also no sweat.....now half price already huh?... [laugh]

�
i thought last night on tv news, he said even drop 30% also no sweat.....now half price already huh?...

You misunderstood lah

He is saying that market will come off 15% but for the Bank even if property valutions drop 30% , bank can still absorb, no problem. In other words, he is saying DBs very oon lah...no need to worry that a drop in property will cause any harm.

But if price drops more than 30%? Wonder if his knees will shake a bit or not?

You misunderstood lah

He is saying that market will come off 15% but for the Bank even if property valutions drop 30% , bank can still absorb, no problem. In other words, he is saying DBs very oon lah...no need to worry that a drop in property will cause any harm.

But if price drops more than 30%? Wonder if his knees will shake a bit or not?

�

does it mean� margin call only will happen if drop more than 30%?... [grin]

�
does it mean� margin call only will happen if drop more than 30%?...

Sounds like it leh...

Some folks wishes the market to correct 30%, so that they can buy.. Wondering if they are all staying in a property that has no more loan.. And a super hard steel rice bowl

I was one of those who kpkb about housing , thinking that it will lower the prices but in the end my hdb also kana. Now must sell at valuation no cov.

I was one of those who kpkb about housing , thinking that it will lower the prices but in the end my hdb also kana. Now must sell at valuation no cov.

Dont sell lor....why must sell leh?

Some folks wishes the market to correct 30%, so that they can buy.. Wondering if they are all staying in a property that has no more loan.. And a super hard steel rice bowl

I heard Singapore lang very rich one...

many see many predict
but hard data show slow sales but overall price still creep up 1% ... wtf is happening?

Dont sell lor....why must sell leh?

I heard Singapore lang very rich one...

my place become Philippines, china and india getto lei.

my place become Philippines, china and india getto lei.

Oooops sorry i asked.

But still no need to sell mah...make friends lah

�try having 9 children from china here on student visa as your neighbour, the place like shit hole, nobody cleans the house and the smell, just standing from outside , you think it is land fill [sweatdrop] � �

Edited by frenchfly, 15 February 2014 - 11:09 PM.

�try having 9 children from china here on student visa as your neighbour, the place like shit hole, nobody cleans the house and the smell, just standing from outside , you think it is land fill � �

Call HDB to help with the toilet washing.

Can meh? Cos I thought should be approve from hdb.

then you cannot do anything , if approve

From ST
For four years, Mr Luo Yong, 44, dreamt of migrating to Canada.

His hopes were dashed last Wednesday when news emerged that Canada had decided to scrap its 28-year-old investor visa scheme due to a huge number of applications from Chinese millionaires.

The scheme had been frozen since 2012 to clear the backlog. The latest development meant that an estimated 46,000 applications from Chinese citizens could be dumped, according to the Hong Kong-based South China Morning Post (SCMP) daily.

"My mind went blank at the news," said Mr Luo, who makes about half a million yuan (S$103,300) a year as manager of a Beijing-based firm. He had sent his 16-year-old son to a high school in Canada two years ago in preparation for the whole family's move there. "I couldn't believe it that I had waited so long for nothing."

Affluent Chinese like Mr Luo have made international headlines over the past few years for dominating investment-for-immigration schemes. They leave mainly because of China's food safety, and air and water quality problems, as well as its stressful education system.

The exodus of rich Chinese could accelerate further this year, as China's pollution woes deepen and the government cracks down on corruption and proposes to raise taxes on the rich to close a yawning income gap.

The proportion of wealthy Chinese who are planning to migrate abroad - or who have already done so - surged to 64 per cent from 60 per cent a year ago, a survey of over 393 millionaires released last month showed.

In fact, one-third of the 41 super-rich Chinese respondents - who have at least 100 million yuan in assets - have already migrated abroad, according to the survey by the Hurun Research Institute, which compiles an annual list of China's richest people.

The lure of foreign citizenship has seen almost 10 million Chinese leave their home country over the past quarter-century, said Centre for China and Globalisation (CCD) professor Wang Huiyao.

And wealthy Chinese have stashed away a cumulative US$658 billion (S$830 billion) offshore, estimated London-based consultancy WealthInsight.

For this year, the top-most popular destinations cited by respondents to the Hurun survey were the United States, Europe, Canada and Australia, in descending order. Singapore was at No. 5, added Hurun.

The Lion City has slipped down the rankings - in 2011, it had been the third most popular country after the US and Canada.

The slide came after Singapore raised the investment threshold for migration in 2011, according to Shenzhen-based firm China Business Immigration (CBIEC).

On its website, which lists the number of visa approvals for various countries, CBIEC stated it facilitated just five individuals in obtaining Singapore permanent residency, compared with over 130 cases - most of them for families - in 2010.

While previous waves of migrating rich Chinese had concentrated on mature and stable countries like the US, Canada and Singapore, the nouveau riche these days are diversifying into other places like Europe, Australia and even South Africa, said Ms Nancy Zhang, an immigration middleman for millionaires in China's prosperous eastern provinces.

Nine in 10 applications for Australia's one-year-old millionaire visa scheme are from China, SCMP reported last week.

Meanwhile, some debt-ridden European Union states such as Greece and Cyprus have raised eyebrows at home for allegedly offering their citizenship too cheaply to the Chinese in exchange for investment and loans to local governments.

Chinese entrepreneurs - and some officials - are apparently eager to bite.

"In China, it's not easy to be 100 per cent clean when doing business. So some Chinese who have made their fortunes are eager to get citizenship abroad quickly," said Ms Zhang, who declined to give the name of her agency.

"Getting a foreign passport is an exit strategy in case the corruption probes that (the government of President Xi Jinping) have been expanding over the past year target them."

Portugal, in particular, has been a hot spot, noted Mr Xiao Ming, a CBIEC marketing manager.

The agency has facilitated about 400 successful applications for migration to Portugal - a 100 per cent success rate - as of end-2013, he said.

"The rich Chinese's attention has shifted to Europe, especially Portugal where the immigration policy is clear-cut and without risk."

China's outflow of wealthy Chinese is likely to continue in the coming years, predicts Prof Wang.

Countries like the US and Singapore have launched schemes in the past year to attract more investment and high-level talent to their shores, and more Chinese are likely to respond, he added.

The CCD is among Chinese think-tanks urging Beijing to act to reverse this wealth and brain drain.

Suggested solutions range from cleaning up the environment to opening up more sectors to private investment so rich Chinese would keep more money at home, and schemes to attract foreign talent.

Meanwhile, the queue to leave is long.

Ms Lucy Fang, in her 30s, whose family applied to a few countries including the US and Britain early last year, is splitting her spare time between watching American sitcom Two Broke Girls and British hit serial Downton Abbey as part of her preparation for the move.

"I'll go to whichever country gives me residency first," said Ms Fang, who works in her family's interior lighting company in the eastern Zhejiang province.

graceng.com.sg

Additional reporting by Lina

- See more at: http://www.stasiarep...h.zJxCO52t.dpuf

Let say one China man buy a S$ 2.5mil house and get to become new citizen.� After 5yrs he sell the house to another China man who then become new citizen . Does it mean one house keep on filping can create many new citizens ? No wonder China man now turn to commercial properties , no need to wait 5yrs to sell and also no�additional stamp duty�.

Edited by Jasonjst, 16 February 2014 - 12:47 PM.

10 millions chinese had left china ... wow ... how many do we catch ... big fish only ... ikan bilis dont want

10 millions chinese had left china ... wow ... how many do we catch ... big fish only ... ikan bilis dont want

�

Singapore is in the top 5 spot and 10million represent a small portion.� Hence will have many more big fish to come , no need to catch , automatic come .

�

But dont think they come after shoebox lah , the right size must be 2.5M and above .

Edited by Jasonjst, 16 February 2014 - 12:56 PM.

10 millions chinese had left china ... wow ... how many do we catch ... big fish only ... ikan bilis dont want

Haha i think sg catched tens of thousand at least with networth more than 2.5m.

No wonder so many luxury cars, some belong to ah tiong.

I ever saw one ah tiong family in 7 series in orchard shopping mall

�
Singapore is in the top 5 spot and 10million represent a small portion.� Hence will have many more big fish to come , no need to catch , automatic come .
�
But dont think they come after shoebox lah , the right size must be 2.5M and above .

Got one PRC friend who bought a condo recently for 1 million something in full cold cash!

10 millions chinese had left china ... wow ... how many do we catch ... big fish only ... ikan bilis dont want

Jet Li and gong Li consider big fish?.. Btw, ever are they now huh?? Don't think they are in town most of the time.... Hehe.. I

Jet Li and gong Li consider big fish?.. Btw, ever are they now huh?? Don't think they are in town most of the time.... Hehe.. I

Yah, jet li bought multi million bungalow here, its like buying a tower of hdb block

Yep, apparently they said it in English and Chinese.

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Yep, apparently they said it in English and Chinese.

You mean that ah neh CEO can speak Chinese?... Hehehe...

Yep, apparently they said it in English and Chinese.

�

u too much lah, 1 hand wear 2 watches, make people jealous leh [:|]

Yep, apparently they said it in English and Chinese.

�

You should cover the G Shock. It can pass off as a Royal Oak Offshore Bumblebee from afar [laugh]

�
You should cover the G Shock. It can pass off as a Royal Oak Offshore Bumblebee from afar

What do you mean cover the Gshock? It is a Bumblebee mah.....let me blow up the pic for you.

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What do you mean cover the Gshock? It is a Bumblebee mah.....let me blow up the pic for you.

�

nb� [:|] � �

�

No need to superimpose lah

�
�
nb� � �
�
No need to superimpose lah

I superimposed nothing.

What do you mean cover the Gshock? It is a Bumblebee mah.....let me blow up the pic for you.

You need a better phone camera... Hehe..

was flipping through the saturday's paper and saw a property advertisement for D10 freehold apt going for as low as $1850psf for some units

�

real or not?

�

was flipping through the saturday's paper and saw a property advertisement for D10 freehold apt going for as low as $1850psf for some units

�

real or not?

�

�

�

�

Real lah..� I already saw a unit, less than 10 years old, big and spacious, freehold, D9, 2 minutes walk to Paragon Shopping Centre. Also $1,800 psf for low floor.� Very tempted leh...� 2 mins walk to Paragon... fairly new unit... spacious... very attractive... if the price drop some more I would not be able to resist.

�

But hor, your D10 freehold... may not be very near town one... probably those further away in Holland or Mount Sinai... and maybe old one...

�

What do you mean cover the Gshock? It is a Bumblebee mah.....let me blow up the pic for you.

�

eh congrats on your first AP [laugh]

Edited by Viceroymenthol, 17 February 2014 - 11:23 AM.

�

Real lah..� I already saw a unit, less than 10 years old, big and spacious, freehold, D9, 2 minutes walk to Paragon Shopping Centre. Also $1,800 psf for low floor.� Very tempted leh...� 2 mins walk to Paragon... fairly new unit... spacious... very attractive... if the price drop some more I would not be able to resist.

�

Cairnhill side? I like The Light Cairnhill but the traffic just outside the development is horrible.

�

Cairnhill side? I like The Light Cairnhill but the traffic just outside the development is horrible.

�

Not so stylo lah... the other one... very hongkie looking one...

That's why i mentioned "walk to paragon", and not "drive to paragon"�

Edited by Viceroymenthol, 17 February 2014 - 11:34 AM.

This guy's opinion:

�

http://sgtalk.org/my...dmother-s-Story

�
�
eh congrats on your first AP

Aiyoh even if i do buy one, it WILL NOT be an Offshore... so bengish, come on!
Muayhahahaha

�
Not so stylo lah... the other one... very hongkie looking one...
That's why i mentioned "walk to paragon", and not "drive to paragon"�

Yah, the one at Bideford road, right?

Edited by Throttle2, 18 February 2014 - 01:30 AM.

This guy's opinion:
�
http://sgtalk.org/my...dmother-s-Story

i read some lines and i can tell he is a property agent already, muayhaha

�
Real lah..� I already saw a unit, less than 10 years old, big and spacious, freehold, D9, 2 minutes walk to Paragon Shopping Centre. Also $1,800 psf for low floor.� Very tempted leh...� 2 mins walk to Paragon... fairly new unit... spacious... very attractive... if the price drop some more I would not be able to resist.
�

Dropped already
Very tempted already
Why why why are you not buying yet and waiting for price to drop some more leh?
Heh heh

So you see, in your heart, you know it's gonna drop more in the very near future
Expectancy theory in play here.
Everyone buys / sells on expectations,
Including the venerable Viceroymenthol.

waiting for $1600psf in D9? [sly]

then sky habitat $2000psf how? hehe

�

Dropped already
Very tempted already
Why why why are you not buying yet and waiting for price to drop some more leh?
Heh heh

�

Edited by Wt_know, 18 February 2014 - 07:31 AM.

waiting for $1600psf in D9?
then sky habitat $2000psf how? hehe
�
�

Sky habitat $2000psf, let it be lor.
That is the new "central businessdistrict" right?
Jurong $1800psf? Let it be lor.
It's the new "IT hub" right

Just leave the D9s at $1600psf to me, can already.

Muayhahaha

This guy's opinion:

�

http://sgtalk.org/my...dmother-s-Story

Do you think what he says makes sense?

Sky habitat $2000psf, let it be lor.
That is the new "central businessdistrict" right?
Jurong $1800psf? Let it be lor.
It's the new "IT hub" right

Just leave the D9s at $1600psf to me, can already.

Muayhahaha

�

LOL!!! I also say hor. What a f u c k ing joke to price $2,000 psf for a stupid location.

Do you think what he says makes sense?

N O Totally......beating round the bush and trying to relate and link up things which are as distant as guitar strings and plastic bottles... Then in one swoop throw names and ideas commonly discussed in certain kopitiams , trying hard to impress....alamak, read already get fed up becos wasted my time.

Edited by Throttle2, 19 February 2014 - 01:20 AM.

Ms Lucy Fang, in her 30s, whose family applied to a few countries including the US and Britain early last year, is splitting her spare time between watching American sitcom Two Broke Girls and British hit serial Downton Abbey as part of her preparation for the move.

"I'll go to whichever country gives me residency first," said Ms Fang, who works in her family's interior lighting company in the eastern Zhejiang province.

graceng.com.sg

Additional reporting by Lina

- See more at: http://www.stasiarep...h.zJxCO52t.dpuf

�

Singapore. Can buy BTO then profit 100% 5 years later�

�
�
Singapore. Can buy BTO then profit 100% 5 years later�

But now very hard to obtain citizenship in sg and even get pr need to wait 3 years. So sg gahmen isnt a fool for long time, they realized liao haha

But now very hard to obtain citizenship in sg and even get pr need to wait 3 years. So sg gahmen isnt a fool for long time, they realized liao haha

�

huh? u mean to say that they were fooled previously?

�

How can that be? Thought they all A-team scholars and even their foot soldiers also scholars one...�

�

how can they be gamed by chinaman?

Edited by Wyfitms, 20 February 2014 - 04:22 PM.

�
huh? u mean to say that they were fooled previously?
�
How can that be? Thought they all A-team scholars and even their foot soldiers also scholars one...�
�
how can they be gamed by chinaman?

Huh scholar then smart ah? No need scholar as long as can read situation well can alrrady though late

walao ... planting seed already?

they the developer will do anything

�

Singapore may start easing some of its property measures if home prices drop as much as 10 percent this year, according to the chief executive officer of the city-state�s biggest developer.

The government may remove some curbs that it had said were for the �short term,� such as stamp duties or taxes for homebuyers, said Lim Ming Yan, president and CEO at CapitaLand Ltd. (CAPL) in an interview in Singapore yesterday. It may also tweak rules for loan limits, which are very stringent, he said.

�If the market should moderate down by another 5 percent, 10 percent, perhaps they will have to unwind,� Lim said, adding that it�s his personal view that conditions were not yet in place for the measures to be loosened.

Edited by Wt_know, 21 February 2014 - 09:01 AM.

walao ... planting seed already?

they the developer will do anything

�

�

�

i'd say drop 20% first then consider unwinding.

�

mass market should drop to 700-800 psf at least and for goodness sake, make the units bigger!

propertyguru said MISSION IMPOSSIBLE la because the land was bidded at $600-700psf for all current projects that last until 2017

hence, no $1000-$1200psf charge to consumer is NO TALK !

�

if really want to see consumer price at $700-800psf ... the land must be bidded below $500psf ...

�

bid $500psf ... govt no sell land (below reserved price)

bid above $500psf ... developer need to sell high too

�

so ... consumer lan lan have to pay the price la!

�

�

�

i'd say drop 20% first then consider unwinding.

�

mass market should drop to 700-800 psf at least and for goodness sake, make the units bigger!

�

Edited by Wt_know, 21 February 2014 - 11:27 AM.

propertyguru said MISSION IMPOSSIBLE la because the land was bidded at $600-700psf for all current projects that last until 2017

hence, no $1000-$1200psf charge to consumer is NO TALK !

�

if really want to see consumer price at $700-800psf ... the land must be bidded below $500psf ...

�

bid $500psf ... govt no sell land (below reserved price)

bid above $500psf ... developer need to sell high too

�

so ... consumer lan lan have to pay the price la!

�

�

�

in that case developers can forget about winding down CM until 2018.

�

in fact the govt should introduce more CM to hasten the process.�

walao ... planting seed already?
they the developer will do anything
�
�

Haha, coming from mouth of develop? I said "pwui" to that..

Words like "may remove" " should remove" Muayhahahahaha like so childish.

I also say i may be a billionaire, i should be a billionaire, so does that make me a billionaire?

Muayhahahahaha.....

�
in that case developers can forget about winding down CM until 2018.
�
in fact the govt should introduce more CM to hasten the process.�

Hahahah, yes...

propertyguru said MISSION IMPOSSIBLE la because the land was bidded at $600-700psf for all current projects that last until 2017
hence, no $1000-$1200psf charge to consumer is NO TALK !
�
if really want to see consumer price at $700-800psf ... the land must be bidded below $500psf ...
�
bid $500psf ... govt no sell land (below reserved price)
bid above $500psf ... developer need to sell high too
�
so ... consumer lan lan have to pay the price la!
�
�

Developer build nobody buy
They keep the empty land wait until market strengthen

End up less development which mean less supply
And price will remain the same.

U think sg is us? No land here as scarce as diamonds

agree. build and sell at obscene profit

if not able to sell, keep the inventory and re-sell at higher price ... huat ah!

�

Developer build nobody buy
They keep the empty land wait until market strengthen

End up less development which mean less supply
And price will remain the same.

U think sg is us? No land here as scarce as diamonds

�

Edited by Wt_know, 21 February 2014 - 04:08 PM.

Higher levies for bangalas worker

Developer build nobody buy
They keep the empty land wait until market strengthen

End up less development which mean less supply
And price will remain the same.

U think sg is us? No land here as scarce as diamonds

�

every GLS has project completion period, cannot land hoarding one

�

every GLS has project completion period, cannot land hoarding one

�

5 years if I'm not wrong.

�

�

i'd say drop 20% first then consider unwinding.

�

mass market should drop to 700-800 psf at least and for goodness sake, make the units bigger!

�

ya man

�

who in the right mind will�want a 5 bedroom apt that is only 120+ sqm with large balcony space to boot?

Edited by Enye, 21 February 2014 - 10:02 PM.

agree. build and sell at obscene profit
if not able to sell, keep the inventory and re-sell at higher price ... huat ah!
�
�

Huat ah, not able to sell, they wont build.
Dont you see so many projects nowadays delaying their TOP?
Becos unsold units after TOP kena fined, i remember.
And land empty dont build also kena , hahaha.

Both ways die, but why are there developers still buying at high prices today?

Want to know? Then go read my explanation earlier.
The secrets that developers and agent dont want you to know.

Notice how the expensive bids are by the small players?
Notice how the big boys dont want to bid so high and let the small ones buy at high price?
Hehehe, if you are a big boy, you will know why....

Edited by Throttle2, 21 February 2014 - 10:15 PM.

Property bubble unlikely in Singapore: Citi

�

no bubble but will it drop 15-20% [sly]

�

The chance of a property bubble in Singapore is very slim as housing loans only account for a small portion of property values, according to comments from Citigroup which were reported in the media.

Based on its analysis of government data, the country's $203 billion worth of mortgages amounted to 24.2 percent of the value of residential properties in Q3 2013.

�

�Nobody has walked me through the mechanics of a total crash of the real estate market for it to be compelling,� said Michael Zink, Head of Citi�s ASEAN operations.

�Ninety percent of households (in Singapore) live in a home that they own, so where�s the bubble?� he asked, adding that many households here are financially very stable.

In addition, about 82 percent of Singaporeans live in public housing and most of them have already paid off their mortgages, noted Singapore-based Zink, who has lived in other Asian cities such as Jakarta and Guangzhou.

�The potential for a bubble has been greatly deflated� thanks to the government�s series of property cooling measures, especially the TDSR framework imposed last June, added Nicholas Mak, Executive Director and Head of Research at SLP International Property Consultants.

Following a recent Forbes article claiming that the city-state is heading for an �Iceland-style meltdown�, the Monetary Authority of Singapore (MAS) said last month that household balance sheets here have strengthened, while new housing loans have declined.

Edited by Wt_know, 24 February 2014 - 09:09 PM.

BUY BUY BUY ... ABSD is like doing charity ... [laugh]

govt WILL NOT allow property to fall 20%!

�

Edited by Wt_know, 24 February 2014 - 09:18 PM.

Property bubble unlikely in Singapore: Citi

�

no bubble but will it drop 15-20%

�

�

my question to this citi ang moh is if 90% already own a home. Then who are the ones who are buying the record number of condos in the past 4 years?�

�

Buying second homes to stay in on alternate weeks ah?

BUY BUY BUY ... ABSD is like doing charity ...

govt WILL NOT allow property to fall 20%!

�

�

�

drop 20% also no biggie.

�

suburban still 1,000 psf. Still over the fundamentals�

Edited by Wyfitms, 25 February 2014 - 11:46 AM.

90% owner occupied?

Muayhahahahaga
Talking about HDB ah?
KNN angmoh try to sian us?

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 19

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