mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 10

there is no oversupply ... no $2000psf no talk ... huat ah !!!

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http://www.businesst...ultant-20131028

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SINGAPORE] Amid a sea of talk of a pending residential property market crash, one prominent consultant here has backed its resilience barring unforeseen systemic shocks.

Alan Cheong, head of research and consultancy at Savills Singapore, made his case last Friday at Carlton Hotel marking Singapore Management University's (SMU) homecoming celebrations for its Master of Science in Applied Finance programme.

"I think barring external shocks, property prices, residential prices will stay elevated," he said.

Mr Cheong argued that a fundamental concern that there will be an oversupply of homes come 2015 is not the case at all.

Edited by Wt_know, 29 October 2013 - 10:50 AM.

Small quantum units are easier becos the audience is wider, just like everything else.
But due to the CMs, the ability to buy one after another has been capped.
Ownership regulations, credit regulations and duties.

I believe just about every relatively big project is facing 10-20% unsold units and will take a longer time to clear stocks. Inflora developers know, so they have to make prices look "cheap" to the current buyers push out as much as quickly. Whatever is leftover may then take a while.

The cue in mass market prIces is from HdB. Once that falls, the baseline is altered. Cant sell high, cant buy high either. Of course risk appetite was the game changer but with TDSR in play, thats also in check.

All the best.

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nowadays you wipe property agents' tables is it?

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nowadays you wipe property agents' tables is it?
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I wipe coffeeshop tables lah, laupasat close now.

there is no oversupply ... no $2000psf no talk ... huat ah !!!

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http://www.businesst...ultant-20131028

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Savills do what one?

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Savills do what one?

Sell melons must say melons wont rot, melons good.

Small quantum units are easier becos the audience is wider, just like everything else.
But due to the CMs, the ability to buy one after another has been capped.
Ownership regulations, credit regulations and duties.

I believe just about every relatively big project is facing 10-20% unsold units and will take a longer time to clear stocks. Inflora developers know, so they have to make prices look "cheap" to the current buyers push out as much as quickly. Whatever is leftover may then take a while.

The cue in mass market prIces is from HdB. Once that falls, the baseline is altered. Cant sell high, cant buy high either. Of course risk appetite was the game changer but with TDSR in play, thats also in check.

All the best.

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Once developers clear 60-70% stock, they are in the black already. Moreover, what used to take 3 years to sell in the past can be achieved within 6mths to a year now.

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Hence less pressure for developers to lower prices beyond a cursory 5%

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Mass mkt prices are tied to a certain extent to HDB prices. However, developers are reducing areas smaller and smaller to allow for PSF to continue on a marginal growth path.

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I went to nine residences in yishun to kaypoh. Sales rate not very good. But I was surprised that all the 4 bedrooms were sold, and even 5 bedrooms were sold as well.. it was the smaller units that couldnt move.. occupier demand is still very strong it seemed.

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Once developers clear 60-70% stock, they are in the black already. Moreover, what used to take 3 years to sell in the past can be achieved within 6mths to a year now.
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Hence less pressure for developers to lower prices beyond a cursory 5%
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Mass mkt prices are tied to a certain ext
ent to HDB prices. However, developers are reducing areas smaller and smaller to allow for PSF to continue on a marginal growth path.
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I went to nine residences in yishun to kaypoh. Sales rate not very good. But I was surprised that all the 4 bedrooms were sold, and even 5 bedrooms were sold as well.. it was the smaller units that couldnt move.. occupier demand is still very strong it seemed.

Its not about covering cost, its about making a good profit.
The sales are moving becos developers hv reduced prices to move them.
Dont forget the penalty on developers on unsold inventory after TOP.

Whatever it is, there's no question that today prices are toppish and there is virtually zero upside in the near term.

Next year on top of the high supply of new ones, there will also be the first wave of resale ones that dont face SSD anymore. I am keeping my liquidity.

no worry ... singapore is a SAMPAN only ... still a long way to go to upgrade to CRUISE SHIP ... [hur]
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Its not about covering cost, its about making a good profit.
The sales are moving becos developers hv reduced prices to move them.
Dont forget the penalty on developers on unsold inventory after TOP.

Whatever it is, there's no question that today prices are toppish and there is virtually zero upside in the near term.

Next year on top of the high supply of new ones, there will also be the first wave of resale ones that dont face SSD anymore. I am keeping my liquidity.

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Its not about covering cost, its about making a good profit.
The sales are moving becos developers hv reduced prices to move them.
Dont forget the penalty on developers on unsold inventory after TOP.

Whatever it is, there's no question that today prices are toppish and there is virtually zero upside in the near term.

Next year on top of the high supply of new ones, there will also be the first wave of resale ones that dont face SSD anymore. I am keeping my liquidity.

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Yep, it's harder to make the good margins now. But it is compensated with increased volume. Even at today's subdued sales rate, it is still much higher than average volume between 2000 and 2009.

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key forward indicator would be GLS price. At today's all time high price (and still pushing for even higher), it is hard to imagine prices being reduced by more than 5%. Architects just have to get more creative and build more 700 sqft 3 bedrooms.. removing kitchen, yard, etc�

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waiting to see what happens next year too

Level 1 - 1000+ sqft is gone

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Level 2 - 750+ sqft is the mass market now

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Level 3 - 500+ sqft coming soon

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Level 4 - 350+ sqft .... HK beehoon style .... huat ah !!!

Edited by Wt_know, 31 October 2013 - 01:39 PM.

Eh gurus.... when will interest rates rise ah? Wait until sibei sianz liao.

Eh gurus.... when will interest rates rise ah? Wait until sibei sianz liao.

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haha with yellen in charge..

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it's wait loooong looooooong !

Level 1 - 1000+ sqft is gone

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Level 2 - 750+ sqft is the mass market now

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Level 3 - 500+ sqft coming soon

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Level 4 - 350+ sqft .... HK beehoon style .... huat ah !!!

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i think we have potential to go to 200+ sqft� -_-

Eh gurus.... when will interest rates rise ah? Wait until sibei sianz liao.

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why u sianz? u can't wait for it to rise izit?

Eh gurus.... when will interest rates rise ah? Wait until sibei sianz liao.

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don't spoil the party leh

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all assets up nowadays�except those in cash or play pennies

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Yep, it's harder to make the good margins now. But it is compensated with increased volume. Even at today's subdued sales rate, it is still much higher than average volume between 2000 and 2009.
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key forward indicator would be GLS price. At today's all time high price (and still pushing for even higher), it is hard to imagine prices being reduced by more than 5%. Architects just have to get more creative and build more 700 sqft 3 bedrooms.. removing kitchen, yard, etc�
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waiting to see what happens next year too

I foresee supply and willingness to sell outstripping demand or shall i say the ability/willingness to buy over the next 2-3 yrs. as the market trades on expectancy theory, prices today are reflecting tomorrows prices which are overall lower.

ok, got lobang, who interested? [laugh] [laugh]

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Attached Thumbnails

wah this lobang is no play play leh

even at lowball value is no $5M no talk?

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learn something new "as is where is" ... hehe

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"as is, where is" clause, a contractual term most typically found in an option to purchase real property ("Option"). The effect of incorporating this clause into the Option is that the seller gives no warranty as to the fitness of the property for the purpose of the buyer.

Edited by Wt_know, 04 November 2013 - 08:02 PM.

ho say liao .... singaporeans will return to buy singapore property ... huat ah!

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United Kingdom Finance Minister George Osborne could be set to introduce a capital gains tax on foreign owners of British property.

Media reports revealed Osborne could be set to impose the tax to curb speculation by foreign owners of property in the U.K.

Currently overseas owners are not subject to taxes on any capital gains they make from their British property investments.� British citizens must pay a capital gains tax � typically 28 percent � on any profit when they sell property that is not deemed to be their main residence.

Foreign buyers in London account for as much as 70 percent of off-plan new build property transactions, and in 2012 Singaporeans were the number one overseas buyers in this sector according to research from Knight Frank.

Stephanie McMahon, Head of Research for U.K. real estate agency Strutt & Parker, said: "There is no doubt that London has seen huge price growth, however it has to be acknowledged that this has been curbed by other government interventions through various tax measures including Stamp Duty Land Tax.

"Whilst it is clear that the government are proposing this new measure to take the heat out of London, one must ask whether the idea of the 'bubble' has been sensationalised. London, Greater London and the country as a whole have very specific dynamics and markets and one cannot talk so generally."

McMahon added that talk of the tax may see a flurry of activity in the short term, but it is likely that transaction levels will slow dramatically, as happened with previous government interventions.

Taxation of foreign buyers is not a new concept globally. New York increased its capital gains tax from 15 percent to 23.8 percent and saw a high increase in sales prior to the introduction of the new levy, while in Singapore foreign buyers must pay an additional 15 percent on top of the purchase price of their property.

There is no indication of the level of capital gains tax that the U.K. government intends to impose on overseas property buyers, or the timescale involved.

Edited by Wt_know, 04 November 2013 - 08:21 PM.

Sentosa cove cheap cheap

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MCF elites...don't wait liao

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Sentosa condo prices attractive: Colliers

Gap with 99-year mainland properties narrows in both prime, mass markets

A WINDOW of opportunity has opened for buyers in the Sentosa Cove condo market as prices in the upscale waterfront housing district are now attractive relative to both the high-end and mass markets on the mainland, Colliers International said in a White Paper issued yesterday.

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The median price of 99-year Sentosa Cove condo units has dropped 44.2 per cent over two consecutive quarters, from $2,950 per square foot (psf) in Q1 2013 to $1,646 psf in Q3 - a pricing level that is about 1.5 per cent lower than their 99-year-leasehold counterparts in Districts 9, 10 and 11 as well as the financial district on the mainland.

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"Considering that prices of condominiums in Sentosa Cove once climbed as high as 133.1 per cent above their mainland counterparts in Q1 2008, this about-turn today represents a possible window of opportunity for value investment and to snare a dream home," said Colliers.

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Also, the $1,646 psf median price in Q3 is just 25.6 per cent more than the $1,311 psf median price of 99-year mass-market condos in Outside Central Region in the same period.

"This is in stark contrast to the 77.6 per cent difference registered when condo projects were first sold in Sentosa in Q4 2004, and the gaping 315.9 per cent difference in Q1 2008 when the property market was abuzz with strong interest from foreign home buyers. The current 25.6 per cent price gap is the narrowest observed since condos were launched in Sentosa," said Colliers.

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In absolute price quantum too, there are attractive deals to be found on Sentosa Cove. Seven condo units with floor areas of between 1,012 square feet and 1,216 square feet were transacted at $1.71 million to $1.90 million in the first nine months of this year. Of these, six units were in The Berth by the Cove, which was completed about seven years ago, while another was a unit in the three-year-old The Oceanfront Cove.

"The entry-level price band of $1.7-2 million is comparable and in some instances, even more favourable than the prices of some popular new mass-market homes on the mainland. For example, two units of similar sizes in the yet-to-be-completed 99-year Centro Residences in Ang Mo Kio sold at a median price of $2.1 million in the first nine months of 2013."

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"Given that new mass-market condos are increasingly pushing towards the $1.7-$2 million price band, potential home buyers with a budget of $1.7 million and above should not overlook the opportunities in Sentosa Cove, where the condo segment appears to offer intrinsic value in terms of capital appreciation in the long run," said Colliers.

The property consulting group said Sentosa Cove condos can be considered for rental returns as well. Condos offering unrivalled proximity to the sea will remain rare given the controlled supply.

"And with the unique island-resort lifestyle offering that is likely to continue to appeal to the affluent, there is potential for the net rental yields of 2.8 per cent as of September this year to return or even exceed the historical high of 5.4 per cent achieved in Q4 2008 in the long run, when the major economies emerge from their doldrums," according to the White Paper.

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As at end-September, there were still 412 units which developers have yet to release for sale in projects that have only been partially launched. These are Marina Collection, Seascape, Seven Palms Sentosa Cove, The Residences at W Singapore Sentosa Cove and Turquoise. In addition, among the units already rolled out, 63 units remained unsold.

However, would-be buyers are better off seeking Sentosa Cove condo units in completed projects in the resale market, from investors who acquired their properties in earlier years, Colliers pointed out.

"Owners who have made handsome profits may be ready to cash out at a level that may be a bargain compared with the prevailing asking prices of new apartments being offered by developers," said Colliers' director, Chia Siew Chuin.

In fact, of the seven entry-level condo units that changed hands in the $1.7 million-$2 million price band in the first nine months, four in The Berth by the Cove and one in The Oceanfront Cove were sold by their first owners who bought them between 2004 and 2006.

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Developers generally remain upbeat about the long-term prospects for residences on Sentosa Cove given their rarity value and are holding back on sales launches hoping for a recovery in the high-end sector. Most of them also have strong holding power and are unlikely to slash prices to clear unsold inventory.

IOI and Ho Bee have decided to rent out units in their recently completed 302-unit Cape Royale instead of selling them.

Demand for homes on Sentosa Cove has whittled on the back of an exodus of foreign buyers following the Global Crisis, as well as the onslaught of seven rounds of property cooling measures and the Total Debt Servicing Ratio framework introduced in late June.

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In January-September 2013, only 29 caveats were lodged for condo purchases on Sentosa Cove, compared with 70 for the whole of last year. These figures pale in comparison with the the record 497 caveats in 2006.

Foreigners including Singapore permanent residents made up 17, or 58.6 per cent, of the 29 caveats for January-September 2013. In 2006, they lodged 188 caveats, translating to 37.8 per cent market share.

wah ... $1.72M can get Sentosa Cove address? not bad leh ....

cheaper than Sky Vue and Sky Habitat? ... whatever sky it is ... lol

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"The entry-level price band of $1.7-2 million is comparable and in some instances, even more favourable than the prices of some popular new mass-market homes on the mainland. For example, two units of similar sizes in the yet-to-be-completed 99-year Centro Residences in Ang Mo Kio sold at a median price of $2.1 million in the first nine months of 2013."

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Edited by Wt_know, 06 November 2013 - 10:58 AM.

Its just the beginning.....

Wah......got chance already

developer cry papa cry mama liao ... want "invisible hand" to support the market

when property price cheong off the roof ... reason given economy is good, future prospect is good, huat ah!!!

when property price slide a "tiny" bit only ... cry like a baby and say not healthy liao ...

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Its just the beginning.....

Edited by Wt_know, 06 November 2013 - 05:23 PM.

this is for property agents

squidwards+dildo_e14cc0_3423477.jpg

developer cry papa cry mama liao ... want "invisible hand" to support the market

when property price cheong off the roof ... reason given economy is good, future prospect is good, huat ah!!!

when property price slide a "tiny" bit only ... cry like a baby and say not healthy liao ...

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just like contra, market cheong, keep quiet

short sell, market dive, must suspend�

iskandar? aiya .... small peanut la ... singapore is going to buy the world ... no TDSR, no ABSD, no SSD, huat ah!!!

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http://www.cnbc.com/id/101147258

Singapore�s wealthy help drive global property demand

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http://www.cnbc.com/id/101093765

Singaporeans snap up London homes as local market slows

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Why London homes?

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If me, I go for Swiss homes.� Get one in the Alps and retire there.
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Why London homes?
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If me, I go for Swiss homes.� Get one in the Alps and retire there.
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Becos in europe region, london homes are most "tradeable"

Swiss homes are good for retirement but not for investment.
Morever the tax structure in Switzerland can be pretty complex.

I'd also go for London home over any other place in Europe. Was actually thinking about getting a small apartment there a year or two ago, but for personal use not all this fancy investment business.

Cooling measures? �My foot.

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You folks think it is lim liang teh ah! � [grin] ��

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Why London homes?

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If me, I go for Swiss homes.� Get one in the Alps and retire there.
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swiss? go buy bangcock la

Becos in europe region, london homes are most "tradeable"

Swiss homes are good for retirement but not for investment.
Morever the tax structure in Switzerland can be pretty complex.

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No, not for investment. For retirement. Basically the final house one will be in.

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For myself, I hope that will be in Swiss, in the Alps. Cost of living is about the same as SGP, relatively safe as well, but much more clean air and space to live in.

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Heard that as long one is above 55, anyone can apply for a PR in Swiss without much other conditions

Edited by Icedbs, 07 November 2013 - 11:12 AM.

But last time went there. The folks dont really like foreigners

wanted to buy memory card the old lady can speak english refuse to speak to me .
only use german, luckily, my swiss friend there to help

Edited by Staff69, 07 November 2013 - 11:25 AM.

Prefer a english speaking country. NZ for me!

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Hmm sentosa cove 1.6k psf. pretty nice place.�

But last time went there. The folks dont really like foreigners
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hmmmm.......this sounds familiar....� [lipsrsealed] �

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� [laugh] � [laugh]

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hmmmm.......this sounds familiar....� �

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I know that why I stay put in Singapore.

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I cannot blame them, cos everyone is the same. so when they say Singaporeans xenophobic, I say bull man [lipsrsealed]

Prefer a english speaking country. NZ for me!

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Hmm sentosa cove 1.6k psf. pretty nice place.�

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love NZ.

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love NZ.

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ahemmmm.....u and darryn shld get a room.� [:p]

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� [laugh] � [laugh]

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I know that why I stay put in Singapore.

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I cannot blame them, cos everyone is the same. so when they say Singaporeans xenophobic, I say bull man

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sometimes can't blame them la. their engrrand not so powderful as us.

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so they prob surprised to see chinkie speak engrrand and tink we all from cheena and go there to eat their dogs and spit everywhere.� [:p] � [laugh] � [laugh]

errr......can I record. heard got big market for man to man action films [kiss]

Went to see one house.
3900sft land freehold.
Asking $3.9mil neg.
Before i say anything Agent say can close at $3.5mil
I didnt make offer becos dont like it.
House has been in the market for about a year now.
Cant understand it when Agents say prices go up.
Maybe they should say, asking price go up but transaction not done.
They think everyone is an idiot? *facepalm*

Went to see one house.
3900sft land freehold.
Asking $3.9mil neg.
Before i say anything Agent say can close at $3.5mil
I didnt make offer becos dont like it.
House has been in the market for about a year now.
Cant understand it when Agents say prices go up.
Maybe they should say, asking price go up but transaction not done.
They think everyone is an idiot? *facepalm*

they think go market buy fish mah [laugh] [laugh]

they think go market buy fish mah

They just dont realised how everyone kena whacked by the CMs.

Went to see one house.
3900sft land freehold.
Asking $3.9mil neg.
Before i say anything Agent say can close at $3.5mil
I didnt make offer becos dont like it.
House has been in the market for about a year now.
Cant understand it when Agents say prices go up.
Maybe they should say, asking price go up but transaction not done.
They think everyone is an idiot? *facepalm*

Where ah?

Where ah?

D14
Go property guru, can find

Edited by Throttle2, 12 November 2013 - 11:14 PM.

HK is choking liao .... when is SG?

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They just dont realised how everyone kena whacked by the CMs.

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Nice elegant piece of news

another piece of good news or article

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Facing up to the impending property market correction

http://www.todayonli...rket-correction

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Owning a condominium � or, for the really ambitious, landed property � is many a Singaporean�s dream. But anything that is not an hour�s commute from the city centre can be eye-wateringly expensive and out of reach for most of my generation (those born in the 1980s).

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Owning a condominium � or, for the really ambitious, landed property � is many a Singaporean�s dream. But anything that is not an hour�s commute from the city centre can be eye-wateringly expensive and out of reach for most of my generation (those born in the 1980s).

Our predicament is not unique: Many citizens of major Tier 1 cities around the world experience the same challenges, and too many of them have also given up any hope of ever owning a house.

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In cities like London, where the average flat is estimated to cost 7.9 times the average household income (according to Demographia), an entire generation of 20-somethings is growing up only to find that, even in their 30s, their savings are still not enough for a down-payment on their first home.

The situation is even more acute in cities like Sydney (8.3 times) and Vancouver (9.5 times) where, like in London, Hong Kong and Singapore, home prices have been bid up by inflows of foreign capital from investors seeking to park their wealth away from the relatively less stable regimes from which it was derived (such as the Middle East, China and Indonesia).

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The result is almost always increasing discontent and disenfranchisement among the local population and, in particular, the emerging middle-class of young professionals. This is the group who have not had the time to accumulate any assets to benefit from rising asset prices, and yet must bear the costs associated with this form of inflation.

In Singapore, the problem is exacerbated by the pressures that our imported workforce exert � competition in the labour market depresses wage growth, while that same competition for scarce resources contributes to overall inflation for consumer goods, services and, yes, housing (although according to figures announced yesterday, this seems to have ameliorated � foreign buying in the private housing market fell from 17 per cent in 2011 to 7 per cent in the third quarter this year).

Overall, this leads us to the current situation, where real wage growth is outstripped by the pace of inflation, and thus, people find themselves in prolonged servitude to the owners of capital and other economic rentiers, widening the chasm between the haves and the have-nots.

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WHAT GOES UP ...

The question that naturally comes to mind is one of sustainability. How long can an environment of such extreme disparity and disconnect last before capital flows reverse, and prices revert to reflect the fundamentals of domestic incomes and affordability?

The answer, if London and Sydney are anything to go by, is �very long, indeed� � but my suspicion is that Singapore�s market for private residential property is more likely than not to go through a period of significant correction in the next 12 to 18 months, along with much of the emerging markets.

Experts and industry leaders such as Robert Shiller (Nobel-winning economist) and Larry Fink (CEO of BlackRock, the world�s largest fund manager) have expressed concerns about the �bubble-like� state of current global financial markets � bonds, equities and real estate � propped up by the unprecedented monetary expansion of global liquidity by major central banks, particularly the United States Federal Reserve and the Bank of Japan. Both Professor Shiller and Mr Fink have called on the Fed to begin tapering quantitative easing to take some froth out of the markets. Indeed, indications are that this may come as early as the first quarter of next year, thanks to stronger-than-expected US recovery.

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While a tightening of monetary policy is overdue (and probably healthy) for the US economy, such action has dire implications for the emerging markets, including city states such as Singapore and Hong Kong, where asset bubbles have built up as an indirect consequence of exceptionally low US interest rates.

The withdrawal symptoms associated with weaning any economy off cheap credit are severe; asset prices could plunge to reflect the reduced willingness/ability for creditors to extend loans and for debtors to service them, and unemployment would likely spike as companies cut costs to preserve their profitability.

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KICKING THE DEBT HABIT

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As is the case with quitting any addiction, the initial stages are the most painful but also the most crucial, and the global credit binge since the onset of the 2008 financial crisis has created a population of �credit junkies� on an unprecedented scale.

In my opinion, the world needs another severe financial crisis, because we do not seem to have learnt a key lesson from the previous one � you do not solve a debt problem by creating even more debt.

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Unfortunately, as figures from a recent report by Dutch bank ING show, total debt (that is, all forms of debt across both private and public sectors) relative to GDP has increased since 2011, having initially fallen from 2009. I guess old habits just die hard.

A handful of friends and family have accused me of being somewhat sadistic, wishing for a purgative recession of sorts. However, I would argue that our artificial sense of prosperity is due to central bank largesse, which masks the true cost of capital, distorts economic incentives and plays havoc with price signals generated by a market-based system.

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Given access to artificially cheap money, inefficiencies are tolerated for longer and funds are diverted to unproductive rent-seeking activities, resulting in an economy driven by outsized, fundamentally unprofitable �zombie companies� and dominated by banking and property barons.

If recent data from the Urban Redevelopment Authority are anything to go by, recent measures (like the Additional Buyer�s Stamp Duty, Total Debt Servicing Ratio and others) to cool the housing market may be working: Home prices rose at the slowest pace in six quarters. But unfortunately, prices are still rising.

It is my belief that, even if Singapore�s private property market does not undergo correction, as I expect it to, the Government should engineer one by continuing to tighten credit conditions and industry regulations. It is worth taking a little bit of pain now if it means preventing a far uglier property market collapse in the future and setting us on the path towards a more stable, sustainable economy over the longer term.

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Edited by Wt_know, 13 November 2013 - 03:18 PM.

More news

Attached Thumbnails

More news

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The construction companies cum property developers are in the best position to control construction costs. Hence they can afford to bid more aggressively.

Slowly but surely

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Housing sales stats alone not reliable.

www.businesstimes.com.sg/premium/top-stories/private-home-sales-set-rebound-nov-20131116

?????????????

bumper sales ... sell sell sell ... the demand is sibei high

just call agent ... same old story .... no $1M no talk ... for a 750sqft 99LH ... nabei

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every agent i speak to ... all shout ... NO WAY that property will crash

the "invisble hand" will not allow a crash landing ... there will be too many casulties

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IMF flags risk of significant decrease in real-estate prices

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16187074.JPG?itok=zD4tz8oQ

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One of the risks the local financial sector could face is a significant fall in real-estate prices, said the IMF in its report on Singapore.

In the assessment, it noted that property prices are already past the 2008 peak and suggested that a 55 per cent fall in prices over three years is a risk.

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While local property experts agreed that a correction is on the cards, they said a fall of that magnitude is highly unlikely.

Century 21 Singapore Chief Executive Ku Swee Yong said if prices started to fall very quickly, the Government would step in. �If there were two consecutive quarters of a 5 per cent drop, immediately, the alarm bells would start to ring.�

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He noted that the Government had introduced initiatives to stabilise the property market and, if prices start to spiral downwards, some of the cooling measures brought in to curb price increases could be relaxed.

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�Realistically, the only way prices could fall so fast is if there�s a global catastrophe.�

In a recent report, Goldman Sachs Global Investment Research noted that a fall in prices is definitely coming, but not at the rate flagged by the IMF.

�We believe home prices are on the precipice of a 10 to 15 per cent correction over the next three years, with rising interest rates the tipping point.�

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But Mr Colin Tan, Head of Research and Consultancy at Suntec Real Estate Consultants, said the IMF risk-assessment numbers cannot be totally written off. �Prices have doubled since 2007, but income has not. I think, based on that fundamental, property prices should be 40 to 50 per cent lower than what they are now.�

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To lower the impact of any major property-price correction, the IMF made a few suggestions, including encouraging over-extended households to reduce their leverage.

In its response to the report, the MAS noted that some measures have already been implemented to encourage borrowers to exercise financial prudence.

Edited by Wt_know, 16 November 2013 - 01:04 PM.

this woman will start the $printer$ soon when she get into office

interest rates will remain low for at least another 5-10 years?

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Edited by Wt_know, 16 November 2013 - 01:09 PM.

Units that are being sold fairly easily now are those below $1m and small in size.
I liken that to the "retail" market.
Just as in a stock market, the last move is made by the "retail" segent who also is left with the brunt of the tumble.

asset-rich people also need govt to "babysit"?

the news reported joo chiat is rich wor ...� many live in private property one ... landed somemore

�

Edited by Wt_know, 18 November 2013 - 08:09 AM.

KNN , asset rich no money, sell lah, WTF !?!?
Isnt that the laws of the jungle?
Whats all this protectionism about?

Edited by Throttle2, 18 November 2013 - 09:41 AM.

KNN , asset rich no money, sell lah, WTF !?!?
Isnt that the laws of the jungle?
Whats all this protectionism about?

�

Fully agreed.

If can get G to provide protection, than I will also just buy asset and forget about saving for retirement!

On one hand, they ask people to invest and spend prudently but on the other hand, they wanted to promote you spend without worrying about risk since they are ready to help... Wtf...

On one hand, they ask people to invest and spend prudently but on the other hand, they wanted to promote you spend without worrying about risk since they are ready to help... Wtf...

�

Whatever the G said... just take it as a pitch of salt.. one ear in, the other ear out... Rely on yorself better.

i want hdb to let out

i want condo to let out

i want landed to live in

i want cash many many

i want asset and i want cash

i want govt to settle for me, can?

Edited by Wt_know, 18 November 2013 - 10:49 AM.

dun play play ... wait for it ... tai chi lai liao

�

http://www.straitsti...n-khaw-boon-wan

�

this one got "watch" got talk

�

Edited by Wt_know, 18 November 2013 - 02:21 PM.

i want hdb to let out

i want condo to let out

i want landed to live in

i want cash many many

i want asset and i want cash

i want govt to settle for me, can?

�

although i agree that the rich shld settle themselves.. but hor.. some of the older folks that bought their pte pty 10-20 yrs ago are not exactly rich in current sense.

�

To downgrade is not really easy for some of them.

To sell and to move to hdb, they will still need cash.. some dont even have 1-3k.

�

Some of them are too old to get a loan also, so they may not be able to buy a resale hdb because no one would�grant them bridging loan.

�

If they sell their current pte pty.. they will have to stay at void deck for a while before they are handover the cash proceed from their sale for their next purchase.. .

�

This is the group that gov may need to render some form of interim help.

Edited by ShepherdPie, 18 November 2013 - 02:31 PM.

what talking?

sell a million dollar landed property and move in to a $300k resale hdb (fully settled, no need loan) ... need to sleep in void deck?

Edited by Wt_know, 18 November 2013 - 02:36 PM.

what talking?

sell a million dollar landed property and move in to a $300k resale hdb (fully settled, no need loan) ... need to sleep in void deck?

�

yes.. if they dun have cash at all esp the sick old folks..

�

have you sell and buy before ?� you need to put downpayment / or rent�apartment�, pay for movers .. all these $$ , you need to have before completion of sales.

�

even if you buy resale 300k hdb.. you still need to put in $1k option..

Edited by ShepherdPie, 18 November 2013 - 02:40 PM.

ok. you talk until the person living in a million dollar private property don't have $1k in the bank.

this person should have sold the property long time ago.

similarly, a person who lost a job with no income and still want to drive a bmw 5-series (reluctant to sell) with no cash in the bank

Edited by Wt_know, 18 November 2013 - 02:45 PM.

Sell landed already, receive option money.

�

Use option money to purchase condo/HDB option.

�

Completion of landed sale will come in approx. 12 weeks.� So in 12 weeks time, collect full cash from buyer.

�

Upon completion of condo or HDB in 12 weeks (from time of purchase of condo/HDB), use the cash to pay off.

�

If option lapse and buyer of landed don't want to pick up?

�

Then the buyer of condo/HDB also let the option money lapse lor.� This option money surely less than the option money of the landed.

�

In the end, still got money to make.

Edited by Viceroymenthol, 18 November 2013 - 02:50 PM.

�

what talking?

sell a million dollar landed property and move in to a $300k resale hdb (fully settled, no need loan) ... need to sleep in void deck?

�

�

Would u sell ur onli roof over ur head b4 buying a replacement roof? Likely not rite?�

�

So even if buy $300k hdb w/o loan, one still needs to cough up $300k cash b4 they can collect key to the hdb 3 mths later. And depends on how long to sell the pte, still gotta wait another 3 mths to receive proceeds.�

�

Not sure if banks would give a $300k bridging loan to a retiree w no income.

�

So may not be so simple hor.�

http://www.stpropert...m_campaign=Cars

�

the problem is sometimes.. these folks are so debt -riddance that no bank will help..

�

they own PUB , Singtel , IRAS�etc... and with the compound interest.. no one knows what is left. The lucky or unlucky thing is that they dun own the bank that will force sell their property.. So they just squat in their landed lor.

Edited by ShepherdPie, 18 November 2013 - 02:53 PM.

I already have offers from sellers of several relatively new different D9 condos in the range of $1700 to $1950.
Unit sizes are bwteen 1200psf to 1600psf.

We all know that physical market doesnt move like and exchange because the liquidity is not there and instalmants dont run on daily basis. But it wouldnt be long before, we see more decrease in prices. I do beleive that people are getting a bit uncomfortable and i am not even talking about a rate hike. Even if rates stay flat, the property market is due for a good correction.
If the rates are hiked , the market will not only correct, it will tumble.

So i insist on not buying.

sell the property and request for 2 months extension

look for a resale hdb that can be moved in within 2 months or less ... if less than shorten the extension

if there is a will there is a way

everything must lined up swee swee perfect score ... better spoonfeed

�

�

Would u sell ur onli roof over ur head b4 buying a replacement roof? Likely not rite?�

�

So even if buy $300k hdb w/o loan, one still needs to cough up $300k cash b4 they can collect key to the hdb 3 mths later. And depends on how long to sell the pte, still gotta wait another 3 mths to receive proceeds.�

�

Not sure if banks would give a $300k bridging loan to a retiree w no income.

�

So may not be so simple hor.�

Edited by Wt_know, 18 November 2013 - 02:59 PM.

sell the property and request for 2 months extension

look for a resale hdb that can be moved in within 2 months or less ... if less than shorten the extension

if there is a will there is a way

everything must lined up swee swee perfect score ... better spoonfeed

�

�

�

if onli everything is a simple as u make it sound......

http://www.stpropert...m_campaign=Cars
�
the problem is sometimes.. these folks are so debt -riddance that no bank will help..
�
they own PUB , Singtel , IRAS�etc... and with the compound interest.. no one knows what is left. The lucky or unlucky thing is that they dun own the bank that will force sell their property.. So they just squat in their landed lor.

So they should sell their landed and repay all debts and go live in HDB.
Hiw are they different from anyone else?
Knn, want their cake and eat it. How can?

Edited by Throttle2, 18 November 2013 - 02:58 PM.

Can use option money to purchase boh?

Sell landed already, receive option money.

�

Use option money to purchase condo/HDB option.

�

Completion of landed sale will come in approx. 12 weeks.� So in 12 weeks time, collect full cash from buyer.

�

Upon completion of condo or HDB in 12 weeks (from time of purchase of condo/HDB), use the cash to pay off.

�

If option lapse and buyer of landed don't want to pick up?

�

Then the buyer of condo/HDB also let the option money lapse lor.� This option money surely less than the option money of the landed.

�

In the end, still got money to make.

�

sometimes options cannot cover the debts also. you need to clear your debts with at least the government agencies before the completion..

�

Another thing is that hdb dun grant loan to these folks. So upon hdb completion .. they need all 300k in order to get the keys.. else also no go.. they wont have a place to stay in between..

�

So the biggest hundle for them is that 2-4 mth between houses.. they need to be able to put up somewhere.. and some have medical condition.

Edited by ShepherdPie, 18 November 2013 - 03:03 PM.

�

sometimes options cannot cover the debts also. you need to clear your debts with at least the government agencies before the completion..

�

Another thing is that hdb dun grant loan to these folks. So upon hdb completion .. they need all 300k in order to get the keys.. else also no go.. they wont have a place to stay.

�

HDB completion sure later than landed sale completion mah.

�

By that time, what $300k.� $3M also can.

�

HDB completion sure later than landed sale completion mah.

�

By that time, what $300k.� $3M also can.

�

Bro, you need hand over the keys at completion...

�

if landed completion is before hdb completion, where do these ppl stay after landed complete and before hdb completes.. and that's the problem.

So they should sell their landed and repay all debts and go live in HDB.
Hiw are they different from anyone else?
Knn, want their cake and eat it. How can?

�able bodies.. i agreed with your statement..

�

but some old/bed-riddance folks, my sympathy is with them.. and understand what the situation they have at hand.

�

�

So the biggest hundle for them is that 2-4 mth between houses.. they need to be able to put up somewhere.. and some have medical condition.

�

I am sure if you show HDB that the sale of your landed option is exercised, landed sold for $millions, HDB sure got no problem let you have early completion of purchase, move in and otang the full payment until completion of landed.

�

This is where the Govt needs to exercise some flexibility.

�

The buyer of HDB surely won't run away mah.� Plus got millions coming in liao.� No problem one lah!

�

I am sure if you show HDB that the sale of your landed option is exercised, landed sold for $millions, HDB sure got no problem let you have early completion of purchase, move in and otang the full payment until completion of landed.

�

This is where the Govt needs to exercise some flexibility.

�

The buyer of HDB surely won't run away mah.� Plus got millions coming in liao.� No problem one lah!

�

bro, these ppl can only buy re-sale flats.. and seller/seller lawyer wont let you otang.

�

Bro, you need hand over the keys at completion...

�

if landed completion is before hdb completion, where do these ppl stay after landed complete and before hdb completes.. and that's the problem.

�

I don't think there is a problem there.

�

The HDB is not inflexible, especially not when there is a HDB buyer that is confirmed worth $millions from his sale of asset.� HDB also has case-to-case basis and this surely falls under it.� If they want to be more stringent, check that the buyer is net positive and can afford to pay the HDB in full.

�

I am sure if you show HDB that the sale of your landed option is exercised, landed sold for $millions, HDB sure got no problem let you have early completion of purchase, move in and otang the full payment until completion of landed.

�

This is where the Govt needs to exercise some flexibility.

�

The buyer of HDB surely won't run away mah.� Plus got millions coming in liao.� No problem one lah!

�

but for resale, the seller will oso need to look for replacement roof and may ask for extension or disagree wif early completion. dun tink hdb can do much.�

�

that's why hdb give pte owner 6 mths to sell after collecting key to hdb so that no one is homeless.�

�

�

bro, these ppl can only buy re-sale flats.. and seller/seller lawyer wont let you otang.

�

This is where the govt can do to help lor!� Help these people buy new flats or EC directly from HDB/developer.

�

After all, how many of these people can there be?

Sell private liao there is a 1 or 2 year period u cannot buy HDB. The prob is that these elderly may not have the $ to revolve.

�

And if 1 do the sale with no allowance, 1 will feel desperate when looking for rental flat, buying another property.......and if the other party knows that......

sell the property and request for 2 months extension
look for a resale hdb that can be moved in within 2 months or less ... if less than shorten the extension
if there is a will there is a way
everything must lined up swee swee perfect score ... better spoonfeed
�

Correct......praise points to you

�

This is where the govt can do to help lor!� Help these people buy new flats or EC directly from HDB/developer.

�

After all, how many of these people can there be?

�

it's not the number that is the problem.. it's how to identify these ppl and assess their debts situation.. is their millions enough to cover their debts.. esp those with medical condition.. some of them own the hospital millions liao..

�

but for resale, the seller will oso need to look for replacement roof and may ask for extension or disagree wif early completion. dun tink hdb can do much.�

�

that's why hdb give pte owner 6 mths to sell after collecting key to hdb so that no one is homeless.�

�

Another way is, after selling the landed, negotiate for extension of stay AFTER completion, during which the seller will pay monthly rental to the buyer. Until the seller manages to buy and move into his new flat.� This will solve the "roof over head" problem for a few months.

�

I don't think any buyer will reject this rental income!� Especially if it is an old landed but buyer receives market rate rental!

�

Can boh!?!?!?� Good idea?

�
Bro, you need hand over the keys at completion...
�
if landed completion is before hdb completion, where do these ppl stay after landed complete and before hdb completes.. and that's the problem.

�able bodies.. i agreed with your statement..
�
but some old/bed-riddance folks, my sympathy is with them.. and understand what the situation they have at hand.

Ok lah, I volunteer to assess their landed property and buy from them a fair value if it suits my criterias
Otherwise i help them appoint good agent to take care of matters .
Take it as charity work lah.....ok?

�
Another way is, after selling the landed, negotiate for extension of stay AFTER completion, during which the seller will pay monthly rental to the buyer. Until the seller manages to buy and move into his new flat.� This will solve the "roof over head" problem for a few months.
�
I don't think any buyer will reject this rental income!� Especially if it is an old landed but buyer receives market rate rental!
�
Can boh!?!?!?� Good idea?

Good , thats what i did while waiting for my building works to be completed.

sell the property and request for 2 months extension

look for a resale hdb that can be moved in within 2 months or less ... if less than shorten the extension

if there is a will there is a way

everything must lined up swee swee perfect score ... better spoonfeed

�

�

ha ha ha .. not so easy..

if sellers are "desperate" , it's unlikely that buyer will give extension esp when extension means that $$ already given to the buyer.

Lawyers is unlikely to agree to this also.. , HDB also wont allow.

This is because , after completion, if seller refused to move out/pay rent. there is no�easy way�to move them out of permises.

�

no buyer will want to be caught in a situation , driving old folks out their only dwelling.. :|

Edited by ShepherdPie, 18 November 2013 - 03:22 PM.

�

Another way is, after selling the landed, negotiate for extension of stay AFTER completion, during which the seller will pay monthly rental to the buyer. Until the seller manages to buy and move into his new flat.� This will solve the "roof over head" problem for a few months.

�

I don't think any buyer will reject this rental income!� Especially if it is an old landed but buyer receives market rate rental!

�

Can boh!?!?!?� Good idea?

�

technically anything oso can. but sometimes, the buyer oso urgent coz need a new roof as they juz sold theirs.�

�

twice i experienced kan cheong buyer - good oso coz their bargaining position weaker and can't nego much. hehe.....

�

�

ha ha ha .. not so easy..

if sellers are "desperate" , it's unlikely that buyer will give extension esp when extension means that $$ already given to the buyer.

Lawyers is unlikely to agree to this also.. , HDB also wont allow.

This is because , after completion, if seller refused to move out. there is no�easy way�to move them out of permises.

�

Extension with rental income lah.

�

Nobody argue with money lah.... unless the buyer also desperate to move in or to rebuild the landed he purchased.

�
it's not the number that is the problem.. it's how to identify these ppl and assess their debts situation.. is their millions enough to cover their debts.. esp those with medical condition.. some of them own the hospital millions liao..

If thats the case, the creditor can take out an injunction against the debtor and put assets under receivership mah...isnt it? Thats how it works in life right? At least things are moving not stagnant.

�

�

ha ha ha .. not so easy..

if sellers are "desperate" , it's unlikely that buyer will give extension esp when extension means that $$ already given to the buyer.

Lawyers is unlikely to agree to this also.. , HDB also wont allow.

This is because , after completion, if seller refused to move out/pay rent. there is no�easy way�to move them out of permises.

�

Sell the million dollar house , stay in a cheap rented apartment for a few months before buying a HDB cannot meh ?

�

�

technically anything oso can. but sometimes, the buyer oso urgent coz need a new roof as they juz sold theirs.�

�

twice i experienced kan cheong buyer - good oso coz their bargaining position weaker and can't nego much. hehe.....

�

Well they can look for cash rich buyer (like ahem...) or cash rich developer who welcome this rental income and are not desperate to move in....

�

Extension with rental income lah.

�

Nobody argue with money lah.... unless the buyer also desperate to move in or to rebuild the landed he purchased.

�

bro.. if the seller dun pay you rental also LL..

�

most ppl would rather have a straight-forward transaction with the desperates, complete and �take keys .

�

even if want to rent out.. also rent to other ppl.

�
�
technically anything oso can. but sometimes, the buyer oso urgent coz need a new roof as they juz sold theirs.�
�
twice i experienced kan cheong buyer - good oso coz their bargaining position weaker and can't nego much. hehe.....

Yah lah, Then, find a buyer that can accomodate lor, what talking you?

�

Well they can look for cash rich buyer (like ahem...) or cash rich developer who welcome this rental income and are not desperate to move in....

�

ahem....ahem.....can do charity wor.�

�
�
bro.. if the seller dun pay you rental also LL..
�
most ppl would rather have a straight-forward transaction with the desperates, complete and �take keys .
�
even if want to rent out.. also rent to other ppl.

Incorporate the rent into the Price and delay the completion date lah, wah lau eh, you singaporean no creativity ah? Muayhahaha

Yah lah, Then, find a buyer that can accomodate lor, what talking you?

�

Yeah lor... haha....

�

Sell the million dollar house , stay in a cheap rented apartment for a few months before buying a HDB cannot meh ?

�

... but you need to put up deposit for the rent..where the $$ come from?

�

we are talking abt the situation where to seller has no $$ at all even 1-3k..and no one willing to lend then. �they need the house sale to completes before they have any cash.

Yah lah, Then, find a buyer that can accomodate lor, what talking you?

�

next time u recommend professional queuers outside the property wif blank cheques maciam those showflat launch ok?�

�

... but you need to put up deposit for the rent..where the $$ come from?

�

we are talking abt the situation where to seller has no $$ at all even 1-3k..and no one willing to lend then. �they need the house sale to completes before they have any cash.

�

NB lah... 1% on the spot + 4% two weeks later, boh gao har?

Incorporate the rent into the Price and delay the completion date lah, wah lau eh, you singaporean no creativity ah? Muayhahaha

�

you are too rich to understand.. what i am talking abt.. nevermind..

�

NB lah... 1% on the spot + 4% two weeks later, boh gao har?

�

boh gao.. if they owe PUB ,� IRAS and other government agencies.. which they need to clear before completion.

Also they need to pay up fully HDB (~300k) into get hdb keys..

Edited by ShepherdPie, 18 November 2013 - 03:35 PM.

�
�
next time u recommend professional queuers outside the property wif blank cheques maciam those showflat launch ok?�

Come on, its the same for everyone right?
Instead of being sitting duck, we do something, thats the difference.

�
�
you are too rich to understand.. what i am talking abt.. nevermind..

�
boh gao.. if they owe PUB ,� IRAS and other government agencies.. which they need to clear before completion.
Also they need to pay up fully HDB (~300k) into get hdb keys..

Dont anyhow use, rich or poor and say i dont understand.

They already owe govt agencies, whether they die in their houses or whether they sell and move out.
That is the bottomline. So better sell and repay and start afresh.
If they uneducated , then govt agencies should come in and sort it out.
After all, thats what our tax is for right?

so few pple posting nowadays cum i contribute lah:

�

2day ah khaw say MND gonna announce 2013 masterplan soon... its been a long time since big plot ratio changes, so its quite expected to see upwards ratio revision in hdb old towns to accomadate 6.9M. To that extent, i suspect they will only increase HDB plot ratio whilst delaying increase private plot ratio to mute price speculations.

�

Commercial may see plot ratio increase n i expect new land to be zoned for medical usage.

�

my -0.1cts worth lol

so few pple posting nowadays cum i contribute lah:

�

2day ah khaw say MND gonna announce 2013 masterplan soon... its been a long time since big plot ratio changes, so its quite expected to see upwards ratio revision in hdb old towns to accomadate 6.9M. To that extent, i suspect they will only increase HDB plot ratio whilst delaying increase private plot ratio to mute price speculations.

�

Commercial may see plot ratio increase n i expect new land to be zoned for medical usage.

�

my -0.1cts worth lol

�

hmm.. likely... but increase hdb plot ratio has no impact of the prices of the hdb as there is direct increase in value for exisitng hdb owners.. Just means that hdb estate will be more densely populated.

�

Hopefully the new ERL will be more clearly indicated in the masterplan.

Also the clear pic on the�developement in th marine parade/east coast area. :) *vested*

means bto/hdb will be cheaper and private will be more expensive?

�

so few pple posting nowadays cum i contribute lah:

�

2day ah khaw say MND gonna announce 2013 masterplan soon... its been a long time since big plot ratio changes, so its quite expected to see upwards ratio revision in hdb old towns to accomadate 6.9M. To that extent, i suspect they will only increase HDB plot ratio whilst delaying increase private plot ratio to mute price speculations.

�

Commercial may see plot ratio increase n i expect new land to be zoned for medical usage.

�

my -0.1cts worth lol

�

means bto/hdb will be cheaper and private will be more expensive?

�

�

�

theyre correlated so both shld trend in same direction, whichever that is.

Huh.....that means my bidadari bto is going to be shared by more ah tiong and ah nei, die lar

dont play with me, got weak heart

Property market crashed already? This topic page 60 liao

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

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

where got crash , Duo Residence 2600 psf .

Property market crashed already? This topic page 60 liao

Uncle Sam continues to print money mah.. Sibeh wayang.
At first say wanna stop... then say going for taper... then say no change for the time being.

But we'll probably see something once they really stop printing.

Property market crashed already? This topic page 60 liao

This topic started only 20 Aug lah
We didnt predict a crash but there presents such a risk in the 12mth to 18mth horizon.
What we predict is a downward movement of prices across the general broad market and thats what happened. We further predict prices to drop further.

wait for q3 gdp data released on 21 nov
many hints came out that probably full year reforecast upward
2013 gdp revised up + bonuses = no $1m no talk
huat ah!!!

http://business.asia...gdp-data-nov-21

Edited by Wt_know, 18 November 2013 - 09:53 PM.

I already have offers from sellers of several relatively new different D9 condos in the range of $1700 to $1950.
Unit sizes are bwteen 1200psf to 1600psf.

We all know that physical market doesnt move like and exchange because the liquidity is not there and instalmants dont run on daily basis. But it wouldnt be long before, we see more decrease in prices. I do beleive that people are getting a bit uncomfortable and i am not even talking about a rate hike. Even if rates stay flat, the property market is due for a good correction.
If the rates are hiked , the market will not only correct, it will tumble.

So i insist on not buying.

�

i cannot imagine how those people who stretch themselves to get a pte pty to be able to do refinancing with any bank 3 yrs from now with all the new loan curbs in place. if LL no refinance, then stick with old bank at their mercy [sweatdrop]

�

last option, fire sale [bounce2]

Uncle Sam continues to print money mah.. Sibeh wayang.
At first say wanna stop... then say going for taper... then say no change for the time being.

But we'll probably see something once they really stop printing.

�

they wont stop printing, instead wat will cause a crash is the US economy slowing down into recession despite QE, n theres no further stimulus... thats when i thk its going 2 hell...

recent IMF speech by larry summers... of cse this isnt covered by mainstream news... its too worrisome lol

�

btw u can see helicopter ben in attendance too..

�

Edited by Duckduck, 18 November 2013 - 09:50 PM.

QE, QE and continous QE
without QE i dont know what USA will do or can do
no QE all hell breaks lose ... look at europe ... they are high on bailout ... another form of QE

Edited by Wt_know, 18 November 2013 - 09:56 PM.

QE, QE and continous QE
without QE i dont know what USA will do or can do
no QE all hell breaks lose ... look at europe ... they are high on bailout ... another form of QE

�

QE will b here for a long time, in fact maybe "forever". The best way to see things is assume real interest rates will always been zero, then new bubbles can then b measured, means wat was expensive last time, will get much more expensive than we thought, n then go even higher to a parabolic top then crash. The new normal, get used to it.

Can i ask, what is the average car loan instalment for an average man with an average salary?

Can i ask, what is the average car loan instalment for an average man with an average salary?

�

no point looking at the average with our current Gini coefficient

�

average has no meaning

�

mycarforum

Thứ Ba, 3 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 10

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