mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 20

Aiyoh

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Aiyoh

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who would buy a condo sounding like paranormal�and timely launched when the show was launched too.....yeeeeeeeee

Doesnt mean its recovered.
Its cutting units smaller making quantum lower so people will buy

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who would buy a condo sounding like paranormal�and timely launched when the show was launched too.....yeeeeeeeee

People say that Developers will always be right about the market. Since they bid high price for land means property prices will continue to go up.

I say PWUI to that.

Now first report of developer writing off $110mil.....
I foresee more writeoffs going to happen when the smaller developers get whacked.

Muayahahahahahahaha, yeah!

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

Oh, then why Wheelock need to write of $110mil ?

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 !
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if really want to see consumer price at $700-800psf ... the land must be bidded below $500psf ...
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bid $500psf ... govt no sell land (below reserved price)
bid above $500psf ... developer need to sell high too
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so ... consumer lan lan have to pay the price la!
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Oh really, then why Wheelock need to write off $110mil leh?

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

As i said, developers are not immune. Just becos they buy land at high prices doesnt mean that they can sell it at the profit they wish.

Only property agents and novice in the property markets will tell you to look at developers to take the lead. They will want you to think that prices will always go up, even in the near term (1-2 yrs)

See my earlier explanation on why developers continue to buy at high prices.
And also take note of the ones who are buying, they are the ones who are short of "inventory" (land)

Liken this to COE, whether price is high or low , dealers will still buy COEs.
Why? Becos without COEs, they got nothing to sell.
Imagine if dealers get penalised with a fine if they dont use the COE within a month.
Or if they are not allowed to buy COEs until a buyer puts 50% down for a car
Now that would change the game, wouldnt it?

Aiyoh

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take $110million hit liao

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analysts still can say it is normal for developers to do so

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doesn't mean property prices are going down

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these are the so called experts?

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take $110million hit liao
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analysts still can say it is normal for developers to do so
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doesn't mean property prices are going down
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these are the so called experts?
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Yes, it is normal mah.

It's also normal for people to commit suicide when they realised whatever they build up over the years has become dust.
It's normal for people to get into accidents when driving drunk
It's normal for developers to write off hundreds of millions of dollars WHEN THE MARKET IS COMING OFF

It's normal when...... in the blanks

write off means developer will slash price?

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if no slash price ... what is the write off for?

People say that Developers will always be right about the market. Since they bid high price for land means property prices will continue to go up.

I say PWUI to that.

Now first report of developer writing off $110mil.....
I foresee more writeoffs going to happen when the smaller developers get whacked.

Muayahahahahahahaha, yeah!

Oh, then why Wheelock need to write of $110mil ?

Oh really, then why Wheelock need to write off $110mil leh?

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Developers are not always right, In fact they are "right" as often as anyone else.

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But high bid price would mean that they will resist lowering price unless it is the last resort. And i think they can hold out for quite some time. I didnt study their financials but based on sale volume alone for the past 4 years, they have probably made 7-8 years of money already to buffer against a drop in transaction volume. They could even survive well if transaction drops to 7,000-8,000 for whole of 2014.

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Wheelock write off 100m because they overbid for the land. Most of the bidders put in $550-650 and wheelock won it for $790. The write off translated to revaluation of land to $630 which is still a very high price and nowhere near the $400 region before the bubble grew.

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In truth, demand is still very strong, as evident from the fact that people will rush in if quantum is a bit lower, nevermind the area also smaller. Nowadays, 3 BR above 1,000 sf is considered a premium 3 bedder already. So to see any real drop in price (in psf, not in quantum), Govt must introduce MORE CMs!�

As i said, developers are not immune. Just becos they buy land at high prices doesnt mean that they can sell it at the profit they wish.

Only property agents and novice in the property markets will tell you to look at developers to take the lead. They will want you to think that prices will always go up, even in the near term (1-2 yrs)

See my earlier explanation on why developers continue to buy at high prices.
And also take note of the ones who are buying, they are the ones who are short of "inventory" (land)

Liken this to COE, whether price is high or low , dealers will still buy COEs.
Why? Becos without COEs, they got nothing to sell.
Imagine if dealers get penalised with a fine if they dont use the COE within a month.
Or if they are not allowed to buy COEs until a buyer puts 50% down for a car
Now that would change the game, wouldnt it?

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It is true to a great extent that GLS price will set the market. �

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I am sure you will not be seeing any more record GLS price going forward. That will indicate that psf will likely remain the same or drop 5% or so.

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Quantum wise might drop by 10%, but that is because area also drop by 10%.

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If market does move down more than what developers expect, they also have no hurry to sell. 5 years is a very long time.�

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in the past, developers take 1 year to sell 70% and another 2 years to sell the remaining 30%.

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Now it is "normal" to sell 70% within a week, or a few months if your pricing is high! I think the govt must release another 40,000 - 50,000 confirmed list units to quench the demand for investment property!

write off means developer will slash price?

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if no slash price ... what is the write off for?

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no slash price lah

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developers all brudder brudder. Won't go and spoil the market one. Moreover, it will cause the first "VVVVIP" buyers to cry father cry mother.

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slash price is to revalue land, probably

Edited by Wyfitms, 26 February 2014 - 02:31 PM.

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It is true to a great extent that GLS price will set the market. �
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I am sure you will not be seeing any more record GLS price going forward. That will indicate that psf will likely remain the same or drop 5% or so.
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Quantum wise might drop by 10%, but that is because area also drop by 10%.
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If market does move down more than what developers expect, they also have no hurry to sell. 5 years is a very long time.�
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in the past, developers take 1 year to sell 70% and another 2 years to sell the remaining 30%.
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Now it is "normal" to sell 70% within a week, or a few months if your pricing is high! I think the govt must release another 40,000 - 50,000 confirmed list units to quench the demand for investment property!

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no slash price lah
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developers all brudder brudder. Won't go and spoil the market one. Moreover, it will cause the first "VVVVIP" buyers to cry father cry mother.
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slash price is to revalue land, probably

Hello, prices have been slashed already , in the form of rebates, discounts, vouchers etc.....
So, you should buy leh, waiting for what?

Ps. Mickeymouse units are far from representative of the real market.

Edited by Throttle2, 26 February 2014 - 02:35 PM.

Hello, prices have been slashed already , in the form of rebates, discounts, vouchers etc.....
So, you should buy leh, waiting for what?

Ps. Mickeymouse units are far from representative of the real market.

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rebates, discount, all these are BS lah. Nett PSF is still 1,200 for suburban. Case in point, i checked out pricing for a half sold project. Wah seh, the agent said got 20%+5%! When look at the final price, psf also same as any other project in the vicinity. Chey!

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mickey mouse units is the "new" market these days. It has evolved from shoebox studio/ 1 bedder into shoe box 2bedder, 3 bedder and 4 bedder

true true ... i went to OCR project ... normal discount + special discount + voucher + angpow ... at the end $1200+psf for a 3bdr compact ...

nabei, might as well just said $1200+psf (not near mrt somemore) ... save time ... lol

using the excuse current unit are all good one (2nd phase release) ... start price at least $1300

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rebates, discount, all these are BS lah. Nett PSF is still 1,200 for suburban. Case in point, i checked out pricing for a half sold project. Wah seh, the agent said got 20%+5%! When look at the final price, psf also same as any other project in the vicinity. Chey!

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mickey mouse units is the "new" market these days. It has evolved from shoebox studio/ 1 bedder into shoe box 2bedder, 3 bedder and 4 bedder

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Edited by Wt_know, 26 February 2014 - 02:59 PM.

buay ta han your purposefull photo........... [laugh]

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Doesnt mean its recovered.
Its cutting units smaller making quantum lower so people will buy

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take $110million hit liao
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analysts still can say it is normal for developers to do so
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doesn't mean property prices are going down
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these are the so called experts?
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Like! But cannot praise due to the system

Just like in banking industry a bank may make loss in their financial report but that doesnt mean decline in economy

yes, Wheelock write off $110M

but, FEO and CDL (the 2 largest local private property developer) continue to milk the market with their projects? ... hehe

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Like! But cannot praise due to the system

Just like in banking industry a bank may make loss in their financial report but that doesnt mean decline in economy

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Edited by Wt_know, 26 February 2014 - 03:52 PM.

true true ... i went to OCR project ... normal discount + special discount + voucher + angpow ... at the end $1200+psf for a 3bdr compact ...

nabei, might as well just said $1200+psf (not near mrt somemore) ... save time ... lol

using the excuse current unit are all good one (2nd phase release) ... start price at least $1300

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i have seen 25% discount and still the same as comparable projects. Dunno how they can justify jacking up the "initial price" by so much.

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overseas projects also the same. discounts here, rebate there, somemore TOP still got another rebate. End up nett price higher than other projects sold locally

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LOL

I don't care how much they write off. I only care how much they plan to sell, how is it affecting the buyers. Looks to me this article is for their accounting purpose nia, writing off in account but no change to selling price.

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Aiyoh

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Like! But cannot praise due to the system

Just like in banking industry a bank may make loss in their financial report but that doesnt mean decline in economy

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i think the more accurate picture is just because banks are making money doesnt mean the economy is not in decline

Say leh.

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Which project is discounted at nett psf?

The last wave of buyers is usually the largest as the most resistant ones sitting on the sidelines finally succumb to the temptation to join the mass of lemmings.�

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The buyer pool in Singapore's property market has been almost fully exhausted (a large part helped by the government's cooling measures) and we should be in the first leg of the bear market.

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As liquidity continues to be tightened worldwide led by QE tapering efforts, funds will continue to flow out of Asia into the U.S. and Europe, and prices are inevitably correcting.

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I have an uneasy feeling that we are experiencing the calm before the storm. Something major is brewing and these are strong candidates to become the tipping point, the black swan event that triggers the next crisis:

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a. one or more of the fragile five begin to get downgraded by ratings agencies as their bond sales falter and their governments are caught between the devil and the deep blue sea in terms of interest rate hikes and massive inflation fears

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b. Thailand's political problems escalate into economic turmoil and shortsellers begin hitting hard at the Baht, forcing the government to raise interest rates to unhealthy levels in a futile bid to fight the outflow of funds; fear spreads within Asia as contagion takes root and bubbles begin bursting

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c. China's shadow banking system gets even more exposed as the government gets swamped by the need to bail out an ever-increasing of failing investment trusts

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It would be wise to tread carefully at this point in time; start to deleverage and hold cash to reduce exposure to the markets.

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Hello, prices have been slashed already , in the form of rebates, discounts, vouchers etc.....
So, you should buy leh, waiting for what?

Ps. Mickeymouse units are far from representative of the real market.

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The last wave of buyers is usually the largest as the most resistant ones sitting on the sidelines finally succumb to the temptation to join the mass of lemmings.�
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The buyer pool in Singapore's property market has been almost fully exhausted (a large part helped by the government's cooling measures) and we should be in the first leg of the bear market.
�
As liquidity continues to be tightened worldwide led by QE tapering efforts, funds will continue to flow out of Asia into the U.S. and Europe, and prices are inevitably correcting.
�
I have an uneasy feeling that we are experiencing the calm before the storm. Something major is brewing and these are strong candidates to become the tipping point, the black swan event that triggers the next crisis:
�
a. one or more of the fragile five begin to get downgraded by ratings agencies as their bond sales falter and their governments are caught between the devil and the deep blue sea in terms of interest rate hikes and massive inflation fears
�
b. Thailand's political problems escalate into economic turmoil and shortsellers begin hitting hard at the Baht, forcing the government to raise interest rates to unhealthy levels in a futile bid to fight the outflow of funds; fear spreads within Asia as contagion takes root and bubbles begin bursting
�
c. China's shadow banking system gets even more exposed as the government gets swamped by the need to bail out an ever-increasing of failing investment trusts
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It would be wise to tread carefully at this point in time; start to deleverage and hold cash to reduce exposure to the markets.
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Oh yes!
You express it so elegantly.....
Support you 200%

Edited by Throttle2, 26 February 2014 - 09:23 PM.

To make it simple; if the market are expecting a big drop it wont drop, just like some bros said here experiencing calm before storm.�

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However if everyone expected a storm, I am afraid only a small storm will come. Why? Everyone is ready for it, the moment the property price drop 10%, some people see it as a bargain and rush immediately to showflats.�

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How to make price drop further when our mindset says 10% drop is a bargain for property. Just like High COE, when COE drop 40k people rush to the car showrooms.�

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A crash has to happen when everyone caught unguard

To make it simple; if the market are expecting a big drop it wont drop, just like some bros said here experiencing calm before storm.�
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However if everyone expected a storm, I am afraid only a small storm will come. Why? Everyone is ready for it, the moment the property price drop 10%, some people see it as a bargain and rush immediately to showflats.�
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How to make price drop further when our mindset says 10% drop is a bargain for property. Just like High COE, when COE drop 40k people rush to the car showrooms.�
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A crash has to happen when everyone caught unguard

Who says 10% drop is bargain?
Muayhaha, anyway, 10% already dropped, market still quiet.

Who says 10% drop is bargain?
Muayhaha, anyway, 10% already dropped, market still quiet.

people say lor [laugh]

Who says 10% drop is bargain?
Muayhaha, anyway, 10% already dropped, market still quiet.

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Yea, those waiting at the sideline can testify this. Even when it drops 20% still won't budge... sup sup water only! People will just wait and wait and wait and wait... may or may not buy eventually because of the waiting LOL

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In a nutshell, property is definately coming down by 20% or more in the next few years. When it drops by 20%, I'll start my home shopping again in the midst of a probable recession. Cash is going to be king because INT will be high enough to make a dent on most pockets.

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Yea, those waiting at the sideline can testify this. Even when it drops 20% still won't budge... sup sup water only! People will just wait and wait and wait and wait... may or may not buy eventually because of the waiting LOL

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In a nutshell, property is definately coming down by 20% or more in the next few years. When it drops by 20%, I'll start my home shopping again in the midst of a probable recession. Cash is going to be king because INT will be high enough to make a dent on most pockets.

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People say because of those waiting at the sideline property won't drop wor... because there will always be buyers when it drops...

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This statement is WRONG because those waiting at the sideline will only buy if it drops big, think rich ppl so cheapskate meh! It's not like going to pasar and bargain 10% off only leh! They want BIG! Muhahaha...

Edited by Pmet, 26 February 2014 - 11:59 PM.

cash in the bank is losing its value due to inflation, rapid rising cost and sibei low interest [:(]

Edited by Wt_know, 27 February 2014 - 01:01 AM.

cash in the bank is losing its value due to inflation, rapid rising cost and sibei low interest

this is what bankers and insurance agents want us to believe.

Cash in the bank when invested when everyone is panicking will be earning more value than what rapid rising cost and low interest

cash in the bank is losing its value due to inflation, rapid rising cost and sibei low interest

why aussie bank offer high interest rate?? think sg is the world lowest after Japan [:p]

why aussie bank offer high interest rate?? think sg is the world lowest after Japan

u referring to the Aussie bank in Aussie itself or Aussie bank in Singapore?

u referring to the Aussie bank in Aussie itself or Aussie bank in Singapore?

aussie bank in aussie in aussie dollar.�

aussie bank in aussie in aussie dollar.�

Same same for china bank in china in china dollar, Indon bank in indo in indo $

Try borrow $ in these 3 countries... 5-15% for housing loans..

Low deposit interest also low borrowing interest

aussie bank in aussie in aussie dollar.�

Same same for china bank in china in china dollar, Indon bank in indo in indo $

Try borrow $ in these 3 countries... 5-15% for housing loans..

Low deposit interest also low borrowing interest

First DBSS flats go on resale market, asking price as high as $780,000

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buy $300k+, sell $700k+ ... that's every sporean dream [thumbsup]

huat ah!

buy $700k+, sell $1M? [sly]

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SINGAPORE - The first HDB flats under the Design, Build and Sell Scheme (DBSS) have been put on the resale market, after reaching the minimum occupancy period of five years.

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Some flat owners are asking for as much as 60 per cent more than what they paid five years ago.

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The Premiere on Tampines Avenue 6 was the first HDB flat project designed, built and sold by a private developer.

90 per cent of the development are five-room flats, which were sold for between $308,000 and $450,000.

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Now, online listings for some of these properties have prices starting at $650,000 and going up to as high as $780,000.

That's $70,000 to $200,000 more than other five-room flats in the same area.

"I think many owners are, in a way, testing the market to see whether the market is willing to accept their asking price. Another reason is that perhaps many of them feel that DBSS as a public housing is of higher quality than the normal HDB flats," said Nicholas Mak, executive director of SLP International Property Consultants.

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Edited by Wt_know, 27 February 2014 - 07:30 AM.

aussie bank in aussie in aussie dollar.�

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Where got big, 3.9% only for fixed d.

First DBSS flats go on resale market, asking price as high as $780,000

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buy $300k+, sell $700k+ ... that's every sporean dream

huat ah!

buy $700k+, sell $1M?

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It is not difficult to find fools in the market.

Some dbss in jurong selling for 600+k by hdb

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Where got big, 3.9% only for fixed d.

aud fixed in Singapore 1.6% only

Does asking price represent the market or does median transacted price represent the market..

Muayhahahahahaha,

I will ask $16mil for my puny terrace house...lai lai lelong, $16mil ai mai.
Hit me quick! In the future, terrace houses will cost in excess of $15mil so i am only asking for a few percentage points more....

Come come, asking $16mil!
Hurry quick sale, best deal. Good investment for the future.

Sincere buyer will get 25% discount and also a BMW 7series plus a 2 carat diamond ring.

Hurry $16mil only!!
No joke, ready to sign anytime.

Same same for china bank in china in china dollar, Indon bank in indo in indo $

Try borrow $ in these 3 countries... 5-15% for housing loans..

Low deposit interest also low borrowing interest

Same same for china bank in china in china dollar, Indon bank in indo in indo $

Try borrow $ in these 3 countries... 5-15% for housing loans..

Low deposit interest also low borrowing interest

So its better to retire in these countries if u r looking for high saving interest

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Where got big, 3.9% only for fixed d.

4x higher than sg

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Yea, those waiting at the sideline can testify this. Even when it drops 20% still won't budge... sup sup water only! People will just wait and wait and wait and wait... may or may not buy eventually because of the waiting LOL

�

In a nutshell, property is definately coming down by 20% or more in the next few years. When it drops by 20%, I'll start my home shopping again in the midst of a probable recession. Cash is going to be king because INT will be high enough to make a dent on most pockets.

�

People say because of those waiting at the sideline property won't drop wor... because there will always be buyers when it drops...

�

This statement is WRONG because those waiting at the sideline will only buy if it drops big, think rich ppl so cheapskate meh! It's not like going to pasar and bargain 10% off only leh! They want BIG! Muhahaha...

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that's true, the top 1% rich ppl are all waiting for a big drop. Institutions also move out of SG real estate long time ago liao

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However, there are middle to upper middle income marginal buyers (representing around 20% of population) dying to jump in at the slightest push.

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Even if they do not jump into SG, they will jump into international waters. I have been in the midst of international project launches and even without much press publicity, i can say their sale rate is comparable or even better than SG projects.

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Most buyers know nuts about what they are buying into. But they are attracted by the low quantum (usually around 300K). Some even buy multiple units.

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So either a crisis comes along, or the demand for investment will not be quench

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that's true, the top 1% rich ppl are all waiting for a big drop. Institutions also move out of SG real estate long time ago liao

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However, there are middle to upper middle income marginal buyers (representing around 20% of population) dying to jump in at the slightest push.

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Even if they do not jump into SG, they will jump into international waters. I have been in the midst of international project launches and even without much press publicity, i can say their sale rate is comparable or even better than SG projects.

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Most buyers know nuts about what they are buying into. But they are attracted by the low quantum (usually around 300K). Some even buy multiple units.

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So either a crisis comes along, or the demand for investment will not be quench

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More CMs or release of GLS confirmed list sites may dampen sales in SG. But investors, like crack addicts, will look for other outlets. Such as Iskandar, Manila, BKK, Yangoon, London, melbourne etc etc

Bro,�

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It actually depends on the situation. A lot of it has to do with inertia. Yes, Isaac Newton's first law of motion applies to human behaviour as well.

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Prior to Lehman Brothers' collapse, Bear Stearns had already failed but that was insufficient impetus to start the herd fleeing due to the huge inertia that was in place.�

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Immediately after the much larger Lehman Brothers collapse, the inertia to remain in bullish territory gave way. Many investors went into panic mode and started liquidating their holdings. That led to the crash in the equity markets and shortly after the property markets.�

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The inertia at this juncture had become that of motion towards freefall. For the next two years or so, the markets showed few signs that they were ready to recover.

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DJIA bottomed only at slightly above the 6k mark, a vast fall of more than 50% from its peak.

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This happened only after the Feds had sufficient backing to bring about the controversial QE programme. Bring it on too early and they could have killed the USD immediately. They had to wait for the opportune time so that the QE programme would appear to be an angel instead of a devil.

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The markets rallied as the fear abated quickly and greed rapidly took control. Smart money moved first and were responsible for pushing the indices above key resistance points. Retail investors came in only after several rounds of consolidation.

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Fast forwarding to 2014, we see that DJIA has been breaking new highs, fuelled by greed and bolstered by huge liquidity returning to the U.S. from Asia and the emerging markets. As more and more problems arise in the emerging markets and Asia, DJIA will break even greater highs.

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Once the impression that DJIA has become the new safe haven (rosy growth indicators, jobs reports, etc) that has been established, it would be time for the smart money to short the very markets that they had been pumping skywards post-2009. They know that the herd will run from the new danger zone (Asia, EMs) to the new haven (U.S. and later Europe).

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When that takes place, we know what will happen to Asia and the EMs.

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To make it simple; if the market are expecting a big drop it wont drop, just like some bros said here experiencing calm before storm.�

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However if everyone expected a storm, I am afraid only a small storm will come. Why? Everyone is ready for it, the moment the property price drop 10%, some people see it as a bargain and rush immediately to showflats.�

�

How to make price drop further when our mindset says 10% drop is a bargain for property. Just like High COE, when COE drop 40k people rush to the car showrooms.�

�

A crash has to happen when everyone caught unguard

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�

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When that takes place, we know what will happen to Asia and the EMs.

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�

�

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Smart money will be shopping at The Great Asian/ EM Sale?

Definitely not immediately as otherwise they won't be called smart money.� [:)]

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Smart money will be shopping at The Great Asian/ EM Sale?

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a quick look back of all the infamous liang tehs ... Cooling Measures

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with CMs already no $1M no talk ...

imagine without CMs ... unimagineable

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it seems like ABSD (foreign speculators) and TDSR cum MSR (locals) are most deadly ... hehe

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Edited by Wt_know, 28 February 2014 - 09:01 AM.

a quick look back of all the infamous liang tehs ... Cooling Measures

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with CMs already no $1M no talk ...

imagine without CMs ... unimagineable

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it seems like ABSD (foreign speculators) and TDSR cum MSR (locals) are most deadly ... hehe

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�

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without CM, prices would probably be at least 10-20% more.

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Met a developer last night. Confirmed my gut feel that this year there will unlikely be any significant correction in new project price PSF

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While he acknowledged demand for new SG condo has plunged, he will still be able to ride out 2014 in the black. However he is quite pessimistic about 2015 onwards. That's when we will likely see a notable price reduction.

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Also revealed that some of the bigger developers have started trimming their BD or acquisitions team to prepare for the storm ahead

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So genuine buyers and investors, hold on for another year!�

your developer friend got hint which project unsold got "firesale" in 2015 [sly]

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Edited by Wt_know, 28 February 2014 - 12:05 PM.

a quick look back of all the infamous liang tehs ... Cooling Measures
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with CMs already no $1M no talk ...
imagine without CMs ... unimagineable
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it seems like ABSD (foreign speculators) and TDSR cum MSR (locals) are most deadly ... hehe
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Imagine if absd and LTV ratio still like in 2011, i am sure 2 br unit in neighbourhood no 1m no talk

CDL open his mouth again ... "the invisible hand will do something when market is not so good"

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CDL warns of tough times as property curbs remain

�

Mr Kwek said: �In view that the Government has very recently announced � that it will not be relaxing the property cooling measures soon and will further tighten foreign labour in the construction sector, macro headwinds are expected to continue to weigh on the domestic property market.

�

�I�m not as disappointed (because) if you read the Finance Minister�s speech carefully, he said (the Government) is not engineering a collapse of the property market � It doesn�t matter if they treat it today or tomorrow, as long as they have the mindset that we have to do something when the market is not so good.�

�

we all know why cry papa cry mama la

�

City Developments reported a 11.4 per cent on-year drop in its fourth-quarter net profit to S$221 million and a 12.6 per cent fall in revenue to S$774.4 million

Edited by Wt_know, 28 February 2014 - 01:32 PM.

your developer friend got hint which project unsold got "firesale" in 2015

�

�

where got such thing as target project one..

�

when market turns sour, all projects will be firesale lah LOL

CDL open his mouth again ... "the invisible hand will do something when market is not so good"

�

CDL warns of tough times as property curbs remain

�

�

�

we all know why cry papa cry mama la

�

�

so greedy - price drop 0.1% also feel heart pain? Come on, profit margin so fat already

He say 10% only.

Where got tough times?
Pwui lah!

Everything to their favor only.
Talk as good as no talk.
Chey....

Looks like for the developers......Fear is in the air, *sing to the rhythm of love is in the air*....,,,
Cannot sell attempt to change to serviced apartments..... Muayhahaha..

Brilliant, but see got so many people rent at high price or not...

Ps, very obvious that CDL got the spooks that market may crash like 10yrs ago... So keep on talking it up. Muayhahahaha.... ...

Edited by Throttle2, 28 February 2014 - 03:03 PM.

The last wave of buyers is usually the largest as the most resistant ones sitting on the sidelines finally succumb to the temptation to join the mass of lemmings.�

�

The buyer pool in Singapore's property market has been almost fully exhausted (a large part helped by the government's cooling measures) and we should be in the first leg of the bear market.

�

As liquidity continues to be tightened worldwide led by QE tapering efforts, funds will continue to flow out of Asia into the U.S. and Europe, and prices are inevitably correcting.

�

I have an uneasy feeling that we are experiencing the calm before the storm. Something major is brewing and these are strong candidates to become the tipping point, the black swan event that triggers the next crisis:

�

a. one or more of the fragile five begin to get downgraded by ratings agencies as their bond sales falter and their governments are caught between the devil and the deep blue sea in terms of interest rate hikes and massive inflation fears

�

b. Thailand's political problems escalate into economic turmoil and shortsellers begin hitting hard at the Baht, forcing the government to raise interest rates to unhealthy levels in a futile bid to fight the outflow of funds; fear spreads within Asia as contagion takes root and bubbles begin bursting

�

c. China's shadow banking system gets even more exposed as the government gets swamped by the need to bail out an ever-increasing of failing investment trusts

�

It would be wise to tread carefully at this point in time; start to deleverage and hold cash to reduce exposure to the markets.

�

�

�

�

how many % cash to keep?

�

timing the market is also very risky leh

�

history shows many won't be able to get it right

�

how many % cash to keep?

�

timing the market is also very risky leh

�

history shows many won't be able to get it right

�

hard to time the market - yes

�

but u should have your own view of what is the intrinsic value of the property. Risk can be minimized if you have the ability to hold without rental.

�

Eg, Freehold city fringe drops to $1,000 psf. Will it drop further to $800? Perhaps. But is it good value at $1,000 psf? That's up to you

Personally I am keeping most of my powder dry now, about 80% with the remaining 20% vested in direct business investment, gems and equities.

�

Timing the market is near impossible however it is still important to observe the dynamics and adjust one's portfolio to match.

�

In the long run, due to the inherent flaws and weaknesses of fiat currency, inflation remains the dominant force that erodes one's cash holdings. Thus being in cash perpetually is a bad investment strategy.

�

However, sharp rises and ebbs of the markets due to psychological plays can cause more damage to one's wealth (and ego) than just pure inflation.

�

I feel one of the best analogies to investment is the weather and how it affects us.

�

If it has been drizzling lately and there are signs of storm clouds on the horizon, should one remain stubborn and refuse to believe that a storm is approaching and seek shelter?

�

On the other hand, if there is nary a storm cloud in sight but one has been completely drenched by the one that just passed, should he succumb to fear and remain indoors all the time?

�

The key to investment, in my humble opinion, is to be observant of several things:

�

a. one's own emotions of greed and fear

�

b. the environment i.e. other investors, market sentiment

�

c. changes to the underlying structure of the investment vehicles that one participates in

�

After observing, one then needs to act on his observations because hypothetical situations will remain theory until one puts his plans into practical actions.

�

�

how many % cash to keep?

�

timing the market is also very risky leh

�

history shows many won't be able to get it right

�

Personally I am keeping most of my powder dry now, about 80% with the remaining 20% vested in direct business investment, gems and equities.
�
Timing the market is near impossible however it is still important to observe the dynamics and adjust one's portfolio to match.
�
In the long run, due to the inherent flaws and weaknesses of fiat currency, inflation remains the dominant force that erodes one's cash holdings. Thus being in cash perpetually is a bad investment strategy.
�
However, sharp rises and ebbs of the markets due to psychological plays can cause more damage to one's wealth (and ego) than just pure inflation.
�
I feel one of the best analogies to investment is the weather and how it affects us.
�
If it has been drizzling lately and there are signs of storm clouds on the horizon, should one remain stubborn and refuse to believe that a storm is approaching and seek shelter?
�
On the other hand, if there is nary a storm cloud in sight but one has been completely drenched by the one that just passed, should he succumb to fear and remain indoors all the time?
�
The key to investment, in my humble opinion, is to be observant of several things:
�
a. one's own emotions of greed and fear
�
b. the environment i.e. other investors, market sentiment
�
c. changes to the underlying structure of the investment vehicles that one participates in
�
After observing, one then needs to act on his observations because hypothetical situations will remain theory until one puts his plans into practical actions.
�
�
�
�

Thanks for sharing.

So far over the past decade, investing in regular amounts into a highly diversified portfolio regardless of market conditions works for me.

But I have to admit that I do not have the psychological resilience to move my life savings in and out of the market.

The few times which I tried using a small portion of my money I failed miserably

But I do respect those who can and do it successfully

There is no absolute right or wrong. If your method has served you well then it has been good for you.�

�

My personal view is that one needs to be constantly learning, growing and changing as everything else in the investment universe is doing so.

�

If for example an investment move causes me unhappiness or misery, there are a few possible reactions that I can have:

�

a. remain status quo and hope that the source of unhappiness or misery disappears after a while

�

b. change my own way of understanding, thinking and feeling so that the extent of unhappiness or misery is reduced

�

c. change my actions and behaviour so that the root of my grief is indirectly or directly resolved

�

Reaction a is the easiest because it requires no extra effort but how often can unhappiness or misery just go away on their own?

�

Reaction b requires a lot of mental re-programming and not something that can be achieved overnight. And in the meanwhile, the pain persists. If not effected properly, one can fall into the mode of self-delusion.

�

Reaction c provides for the most immediate change to the situation. Walking the talk is effective and though it causes short-term pain, in the long run there are likely more benefits than drawbacks.

�

Thanks for sharing.

So far over the past decade, investing in regular amounts into a highly diversified portfolio regardless of market conditions works for me.

But I have to admit that I do not have the psychological resilience to move my life savings in and out of the market.

The few times which I tried using a small portion of my money I failed miserably

But I do respect those who can and do it successfully

�

Wah with all the property gurus and tycoons in here.... sure got a future real estate billionaire or two, plus many more future multi-millionaires....

�

Don't forget your poor brother viceroymenthol har... when you all strike it big time....� sell me one unit cheap cheap can?

�

In the meantime, I bow out first.... all this guru talk... Me not worthy not worthy.... [wave]

another reason why "new" poperty price will remain high [:(]

Rise in development charges; commercial sector sees steepest rise

http://www.channelne...nt/1015830.html

Edited by Wt_know, 28 February 2014 - 10:23 PM.

But I have to admit that I do not have the psychological resilience to move my life savings in and out of the market.

You shouldnt be moving your life savings in and out.

I usually stay invested between 40 to 80%
Now i am about 50% invested 50% pure cash, property not inclusive.
And i hold no additinal properties currently. Just a fully paid roof over me and my family's head.

Wah with all the property gurus and tycoons in here.... sure got a future real estate billionaire or two, plus many more future multi-millionaires....
�
Don't forget your poor brother viceroymenthol har... when you all strike it big time....� sell me one unit cheap cheap can?
�
In the meantime, I bow out first.... all this guru talk... Me not worthy not worthy....

You top guru mah!

Come on!

Edited by Throttle2, 28 February 2014 - 10:39 PM.

Wah with all the property gurus and tycoons in here.... sure got a future real estate billionaire or two, plus many more future multi-millionaires....

�

Don't forget your poor brother viceroymenthol har... when you all strike it big time....� sell me one unit cheap cheap can?

�

In the meantime, I bow out first.... all this guru talk... Me not worthy not worthy....

this year T2 intend to open a property development company and aim to build some condos in D9 and D10, quick go ask cash discount from him.

�

The company called Cash Only Pte Ltd

this year T2 intend to open a property development company and aim to build some condos in D9 and D10, quick go ask cash discount from him.
�
The company called Cash Only Pte Ltd

You guys sibei like to talk cock.

Last time viceroy flew his chopper over Porky's queen astrid gcb and saw some xmm at the swimming pool.

You think i am Simon Cheong ah?
Just becos he also smoke cigars and drive 911?

Just curious, what is a "pre TOP seminar" for huh?...

Just curious, what is a "pre TOP seminar" for huh?...

Probably for the residents to understand house rules and certain etiquette required for living in the condo?

perhaps, several ID design & renovation companies sponsoring the event too?

Probably for the residents to understand house rules and certain etiquette required for living in the condo?

perhaps, several ID design & renovation companies sponsoring the event too?

Must be lah.

Get all the chai tao together at one shot, easier to chop mah, muayhahahahahah

got drink got food ... what else to ask for. lai ah lai ah

�

like any food tasting eat gao gao liao, act blur and leave? [sly]

Edited by Wt_know, 02 March 2014 - 10:00 AM.

Probably for the residents to understand house rules and certain etiquette required for living in the condo?

Ummm, then why need all the agent around?... Aiming for flippers?... Hehehe...

perhaps, several ID design & renovation companies sponsoring the event too?

Not sure about reno contractor but sure many agent around... Hehehe

Attached Thumbnails

Ummm, then why need all the agent around?... Aiming for flippers?... Hehehe...

Not sure about reno contractor but sure many agent around... Hehehe

Looks like a low end project leh, from the pics.....

Looks like a low end project leh, from the pics.....

knn.. You ah..

Looks like a low end project leh, from the pics.....

Hehehe, just notice its for ec, riverparc... So, should be low end lor.... And curious why need a seminar....umm Hehehe...

knn.. You ah..

I just speak the truth with honesty , thats all.....

Hehehe, just notice its for ec, riverparc... So, should be low end lor.... And curious why need a seminar....umm Hehehe...

Told you already mah.....wahahah

another reason why "new" poperty price will remain high

Rise in development charges; commercial sector sees steepest rise

http://www.channelne...nt/1015830.html

�

Not really lah

DC is retrospective, not forward looking.

You shouldnt be moving your life savings in and out.

I usually stay invested between 40 to 80%
Now i am about 50% invested 50% pure cash, property not inclusive.
And i hold no additinal properties currently. Just a fully paid roof over me and my family's head.

You top guru mah!

Come on!

�

wah your 50% cash is in terms of millions of dollars

�

i really peasant lah

�

[blush]

�
wah your 50% cash is in terms of millions of dollars
�
i really peasant lah
�

No lah, its in millions of cents...

wah ... the news reported that agent comms were increased to 3.5-4% to stimulate sales especially for big unit ... like that must squeeze the agent gao gao ... huat ah!
no wonder got free champagne and brunch ... [sly]

Edited by Wt_know, 03 March 2014 - 10:30 PM.

wah ... the news reported that agent comms were increased to 3.5-4% to stimulate sales especially for big unit ... like that must squeeze the agent gao gao ... huat ah!
no wonder got free champagne and brunch ...

3-4% very common nowadays
Even for small units below $1m
Why u think so many agents can "reinvest" into properties? LOL

No lah, its in billions of cents...

�

�

Ooooi, its unlawful to misrepresent other people's quotes........

Edited by Throttle2, 04 March 2014 - 10:31 AM.

Ooooi, its unlawful to misrepresent other people's quotes........

�

Precisely, that's why he's legally correct.

�
Precisely, that's why he's legally correct.

Dont talk cock lah, Sabian

CDL chut pattern ....

cannot sell ... no sweat [thumbsup]

�

CDL may turn condos into serviced homes

It is considering move amid thinner profit, rapidly slowing property sector

Published on Feb 28, 2014

By Melissa Tan

PROPERTY giant City Developments (CDL) says it might consider turning some of its upcoming high-end condominium projects into serviced residences.

This drastic move is being contemplated as thinner profits from property development in a rapidly slowing market weighed down the company's earnings released yesterday.

CDL executive chairman Kwek Leng Beng also said yesterday that property prices could fall by up to 10 per cent this year.

But he added that it depended on the world economy.

"I used to make a forecast, 10 per cent. It hasn't reached 10 per cent yet... the worst worldwide scenario is over, but we are still facing a lot of uncertainty."

CDL group general manager Chia Ngiang Hong told reporters after the briefing that converting some of its unlaunched high-end residential projects into serviced apartments "may be difficult but we won't rule it out... if we have not sold the project yet".

Other developers of luxury condos have also contemplated such a conversion recently. Developer OUE was said last year to be planning to convert part of its Twin Peaks condo at Leonie Hill into serviced apartments, though that has not happened.

Mr Chia said CDL's Nouvel 18 at Anderson Road, which is still unsold, was on track to be completed by the end of this year.

CDL also successfully applied last year to extend the qualifying certificate (QC) construction deadlines for its Gramercy Park condo on the former Lucky Tower site at Grange Road and its New Futura condo on Leonie Hill Road to until the end of next year, he added.

He said CDL plans to open the whole South Beach complex by next year, before the project's 2016 completion deadline.

Mr Chia said CDL plans to launch a 944-unit condo at Pasir Ris Grove in March or April and then an 845-unit condo at Commonwealth Avenue in the second quarter of this year.

Mr Kwek also called on the Government to modify its QC rules this year, saying that these rules were driving up land tender bids.

"If they will not tweak it or will not do anything about it, we have other plans," he added, but decline to elaborate.

Mr Kwek noted that "with QC in place, there is competition for every site... Without any sites, business comes to a standstill. They (developers) have no choice but to bid higher and higher".

The QC rules effectively mean developers cannot hold onto sites very long, since a QC gives them up to five years to finish building a project and two more years to sell all the units. They are not allowed to rent out unsold units.

Developers whose shareholders and directors are not all Singaporeans have to get a QC to buy residential property for development. This is imposed to control foreign ownership of land here.

To ensure compliance, the developer has to put up a banker's guarantee of 10 per cent of the purchase price of the property, which may be forfeited if it fails to fulfil the QC's conditions.

Mr Kwek was speaking at CDL's full-year results briefing yesterday, which also happened to be new chief executive Grant Kelley's first at CDL.

Mr Kelley, who spoke little yesterday, took the reins on Feb 17 this year.

Mr Kwek said CDL chose Mr Kelley because "we can promote from within - we have also third generation, they are very good - but we want to build an international, external wing".

The group yesterday posted an 11.4 per cent drop in fourth-quarter net profit to $221 million. Revenue for the three months to Dec 31 dropped 12.6 per cent to $774.4 million from the preceding year.

For the full year, net profit inched up 0.7 per cent to $683 million while revenue slipped 5.7 per cent to $3.2 billion.

Earnings per share fell 11.6 per cent to 23.6 cents for the quarter from the year before.

Net asset value per share was $8.63 as at Dec 31 last year, up from $8.03 as at Dec 31, 2012.

CDL proposed an ordinary dividend of eight cents per share.

Edited by Wt_know, 04 March 2014 - 10:38 PM.

CDL chut pattern ....
cannot sell ... no sweat
�
�

Plse lah, they are already peeing in their pants! Simi no sweat?
Muayhahahahaha
Keys words:-

1. Drastic move
2. Extend QC
3. Unsold
4. Difficult
5. Fall
6. Not allowed
7. Standstill

Not sure which part you guys didnt catch. Hahahahahahahah

Edited by Throttle2, 04 March 2014 - 11:31 PM.

Dont talk cock lah, Sabian

�

You also gongjiao way mah.�

Plse lah, they are already peeing in their pants! Simi no sweat?
Muayhahahahaha
Keys words:-

1. Drastic move
2. Extend QC
3. Unsold
4. Difficult
5. Fall
6. Not allowed
7. Standstill

Not sure which part you guys didnt catch. Hahahahahahahah

�

developers are also expert at salesman talk

�

Give some discount when they say mkt is good

�

likewise, also give some discount when they say they are sweating

�

Now they can still hold their pee back. Bladder & kidneys will only explode in 2015 if things do not move at all

�
developers are also expert at salesman talk
�
Give some discount when they say mkt is good
�
likewise, also give some discount when they say they are sweating
�
Now they can still hold their pee back. Bladder & kidneys will only explode in 2015 if things do not move at all

Hurray!

But i need to fine tune above.

When developer say market is good, give plenty plenty discount, more discount than when they say they are sweating. This i guarantee you.

Hohoho

Property is the biggest OSCAR winner [thumbsup]

thank you ... kam sia ... $2000psf for OCR coming ... opps ... already arrived.

�

This year's Forbes list of the world's billionaires includes 16 entries from Singapore with property players topping the list yet again.
�
Far East Organizations' Philip Ng and his brother Robert Ng retain the top spot in Singapore (#106 globally), with an increased net worth of US$11 billion from US$10.6 billion a year ago. Their private real estate holdings within the family's empire is valued at more than US$6 billion.

�

Another set of real estate brothers made it to second spot (#270 globally). With a collective net worth of US$5.2 billion, the Kwee brothers, namely Kwee Liong Keng; Kwee Liong Tek; Kwee Liong Seen and Kwee Liong Phing from Pontiac Land made a mark last October with their first major investment in the US.

With the same net worth of US$5.2 billion, Chairman of UOL Group Wee Cho Yaw is listed third (#270 globally) this year. The group's diversified portfolio includes residential properties, offices, malls and hotels. Wee is also Chairman Emeritus of United Overseas Bank and sits on the board of directors at Kheong Leong Company.

�

Other property moguls in the list include Executive Chairman of Singapore's Hong Leong Group Kwek Leng Beng (#731 globally) and property investor Peter Lim (#763 globally). �

�

New entries to this year's list include father and son duo Raj Kumar & Kishin RK from Royal Holdings/RB Capital (#828 globally) and owner of Hotel 81 chain Choo Chong Ngen (#1,465 globally).

�

The Forbes list of billionaires is an annual ranking of the world's wealthiest people, compiled and published by Forbes magazine.��

Edited by Wt_know, 06 March 2014 - 08:53 AM.

Property is the biggest OSCAR winner
thank you ... kam sia ... $2000psf for OCR coming ... opps ... already arrived.
�

Thats just as accurate as saying the bulls balls are bigger than the field mouse's

Is it any surprise?

But by that does it mean that a field mouse needs bull balls to have baby field mice?
Wah say, today i go to Raffles place to meet my fund manager, so walked pass UOB.

I am surprise to see the Interlace still being sold after several years of being in the market. You mean not fully sold meh? Designer architect leh, why not grabbed up by market ?

This year ( cut back alreadly )�about 20K New citizens , 30K PRs , 30K new babies , maybe 30K S-pass , 30K maid pass , 30K WPass , 30K Epass, 30K social pass , 30K student pass� and I hear going to implement�construction pass for construction workers , many�more pass coming our way ...�� Got so much surplus HDB , condos meh ? Now delovepers cut back building , HDB cut back BTO etc ... then before we know it , another round of panic buying again�!

�

http://www.mycarforu...dded-last-year/

Edited by Jasonjst, 06 March 2014 - 02:49 PM.

This year ( cut back alreadly )�about 20K New citizens , 30K PRs , 30K new babies , maybe 30K S-pass , 30K maid pass , 30K WPass , 30K Epass, 30K social pass , 30K student pass� and I hear going to implement�construction pass for construction workers , many�more pass coming our way ...�� Got so much surplus HDB , condos meh ? Now delovepers cut back building , HDB cut back BTO etc ... then before we know it , another round of panic buying again�!
�
http://www.mycarforu...dded-last-year/

So why arent you buying? Quickly go buy. I pass by Raffles just now , saw a lot of agents trying to sell all kinds of condos. Just grab one lah.

So why arent you buying? Quickly go buy. I pass by Raffles just now , saw a lot of agents trying to sell all kinds of condos. Just grab one lah.

�

Already bought one free hold �" chicken house " at Geylang� $1150 psf , for passive income .� Regret also no use what ? Can only use to feed chickens when TOP few years time. [bigcry]

Edited by Jasonjst, 06 March 2014 - 03:22 PM.

�
Already bought one free hold �" chicken house " at Geyland� $1150 psf , for passive income .� Regret also no use what ? Can only use to feed chickens when TOP few years time.

Good for you!
Well done.

Why regret ?

Good for you!
Well done.

Why regret ?

�

Regret , because you guys keep saying price going to drop big time , hear liao very moody�leh .

Maybe I follow CDL chairman , import one PRC chicken and one Thai Chicken and turn it into a " service apartment " , Muayhahahahaha !
�

Edited by Jasonjst, 06 March 2014 - 03:35 PM.

�
Regret , because you guys keep saying price going to drop big time , hear liao very moody�leh .
Maybe I follow CDL chairman , import one PRC chicken and one Thai Chicken and turn it into a " service apartment " , haha !

We never say it drop big time what.
We say drop 20% only.
Thats not big time lah.

As long as you can finance, just continue lor.
But if can sell at profit, better take it.

We never say it drop big time what.
We say drop 20% only.
Thats not big time lah.

As long as you can finance, just continue lor.
But if can sell at profit, better take it.

�

Cannot sell lah , got dont know all kind of tax , where got profit ?At least lost a 100K easily ! Dont care up or down lor , just keep it to feed my chickens . Hopefully when market bad , chickens biz continue to do well lor.
�

Edited by Jasonjst, 06 March 2014 - 03:50 PM.

�
Cannot sell lah , got dont know all kind of tax , where got profit ?At least lost a 100K easily ! Dont care up or down lor , just keep it to feed my chickens . Hopefully when market bad , chickens biz continue to do well lor.
�

So renting to those xmm upon TOP?
Better check ID and ensure they hv proper permit, otherwise you breach immigration laws and be charged for harboring illegal immigrant hor....

How much rent you think it can fetch?

�

Already bought one free hold �" chicken house " at Geylang� $1150 psf , for passive income .� Regret also no use what ? Can only use to feed chickens when TOP few years time.

�

ok lah, not that bad.. people are paying that price for 99LH.. in sengkang!

�
ok lah, not that bad.. people are paying that price for 99LH.. in sengkang!

Aiyoyoyo.....singaporeans really rich ah!

�

Already bought one free hold �" chicken house " at Geylang� $1150 psf , for passive income .� Regret also no use what ? Can only use to feed chickens when TOP few years time.

�

actually if you bought a small unit in geylang and can afford to hold without renting, i would keep it for long term.�

�

maybe pass it on to your children.

�

who knows, when govt decides to revamp and relocate the chicken farm, you will strike jackpot.

So renting to those xmm upon TOP?
Better check ID and ensure they hv proper permit, otherwise you breach immigration laws and be charged for harboring illegal immigrant hor....

How much rent you think it can fetch?

�

Dont worry , my XMM garantee certified AIDs free, those type that�can get PRs one , must have degree in�love making�.

Rental huh , agent tell me can get 3K plus�, I supect�he double up as a pimp , tell me very easy to get rental one for Geylang .�But I�dont need to depend on rental to hold the unit ,�so Ok even at very low rents.� Anyway , put in bank also jialat lah , eat away by inflation .

It is a duo keys , 2 rms unit�,�upstair 1rm , downstair 1rm + kitchen. �Very flexible on rental lor , can rent one room out , one for own use ,rent 2 seperate tentants or even use as a SOHO for biz.� Sibeh tok kong actually , if not for the shitty market should be quite OK lor. Actually not exactly Geylang , actual address is along�Guillimard Road , you wont meet any chicken if walk toward Makota Station.
�

�

actually if you bought a small unit in geylang and can afford to hold without renting, i would keep it for long term.�

�

maybe pass it on to your children.

�

who knows, when govt decides to revamp and relocate the chicken farm, you will strike jackpot.

�

Relocate or not , they said gov going to increase plot ratio after they move paya lebar airport out .

Edited by Jasonjst, 06 March 2014 - 06:36 PM.

�

ok lah, not that bad.. people are paying that price for 99LH.. in sengkang!

�

Sengkang costly because Up n Cumming , some more no chicken very clean and scenic .

�
Dont worry , my XMM garantee certified AIDs free, those type that�can get PRs one , must have degree in�love making�.
Rental huh , agent tell me can get 3K plus�, I supect�he double up as a pimp , tell me very easy to get rental one for Geylang .�But I�dont need to depend on rental to hold the unit ,�so Ok even at very low rents.� Anyway , put in bank also jialat lah , eat away by inflation .
It is a duo keys , 2 rms unit�,�upstair 1rm , downstair 1rm + kitchen. �Very flexible on rental lor , can rent one room out , one for own use ,rent 2 seperate tentants or even use as a SOHO for biz.� Sibeh tok kong actually , if not for the shitty market should be quite OK lor. Actually not exactly Geylang , actual address is along�Guillimard Road , you wont meet any chicken if walk toward Makota Station.
�
�
Relocate or not , they said gov going to increase plot ratio after they move paya lebar airport out .

Wah, huat ah!

punggol happening pecah lobang liao ... probably moving to sengkang soon
must chop a nice empty plot of land to setup chicken stall ... lol

anyway, geylang apartment mickey mouse unit generate good returns too la

�
Sengkang costly because Up n Cumming , some more no chicken very clean and scenic .

Edited by Wt_know, 06 March 2014 - 09:46 PM.

no wonder CDL cry papa cry mama to remove CMs

�

4215 units !!!

�

Edited by Wt_know, 07 March 2014 - 09:44 AM.

no wonder CDL cry papa cry mama to remove CMs
�
4215 units !!!
�

OOOoOoOoOoOooooooppppppppppsssss!!!!!!

no wonder CDL cry papa cry mama to remove CMs
�
4215 units !!!
�

Siao liao CDL own Singapore

my gut feel ... once property corrected by 20% > max

i mean in real selling price ... ie: $1.5M down to $1.2M

CMs will be removed ... floodgate opened!

my gut feel ... once property corrected by 20% > max
i mean in real selling price ... ie: $1.5M down to $1.2M
CMs will be removed ... floodgate opened!

You think we are that clinically accurate and sharp?

*shake head*

not that we are sharp ... govt "invisible hands" are very tok kong ... can summon rain and move mountain ... until CDL also cry papa cry mama

�

You think we are that clinically accurate and sharp?

*shake head*

�

Edited by Wt_know, 07 March 2014 - 11:31 AM.

a bui launch ... 40% sold liao

must call now ... probably sell out as fast as china xiaomi ...

�

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

http://www.bloomberg...res-hub-1-.html

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it look almost like at the stroke of a pen.. the govt can bring back the demand to CCR/RCR pte properties..

not that we are sharp ... govt "invisible hands" are very tok kong ... can summon rain and move mountain ... until CDL also cry papa cry mama

�

�

Than what are they waiting for?

So long no rain le.

a bui launch ... 40% sold liao

must call now ... probably sell out as fast as china xiaomi ...

�

Where got so fast like Xiaomi?�

�

The sales slow like Wu Gui tortoise.

�

For sale since Aug 2013 leh...

wahahahaha ... then how come newspaper printed big big

40% sold before launch ... lol

Where got so fast like Xiaomi?�

�

The sales slow like Wu Gui tortoise.

�

For sale since Aug 2013 leh...

�

hellooo... this is high end stuff... not for any tom dick harry hor.... if selling too fast, no class leh..... slow and steady is how they maintain certain prestige image... [laugh]

wahahahaha ... then how come newspaper printed big big

40% sold before launch ... lol

�

Now sell 40% 6 months after launch must shout loudly from roof top. scared nobody know. :ph34r:

�

hellooo... this is high end stuff... not for any tom dick harry hor.... if selling too fast, no class leh..... slow and steady is how they maintain certain prestige image...

�

Slow and steady? Wait kenna jam become babysitter and tng kor...

a bui launch ... 40% sold liao
must call now ... probably sell out as fast as china xiaomi ...
�

40% is about it lor, launch or no launch no diff.
Actually, i also almost wanted to buy. Since i live in that area for 10yrs.

Anyway very few units , so percentage is definitely higher.
If development with 20 units, sell 10 already 50% lor hahah.
A play of numbers as usual by the reporting folks, hai.....

No overnight queue and balloting for units meh? No picture of super crowded showroom?

�

I thought Singaporeans sibeh on to hoot condo launches :ph34r:

Reading through the details about the current situation Russia, Ukraine et al, just got a tingling feeling the markets are just about topping out now.

�

Something is going boom soon.

�

No overnight queue and balloting for units meh? No picture of super crowded showroom?
�
I thought Singaporeans sibeh on to hoot condo launches

I think what they purposely forget to mention is that 50% out of the 40% "sold" used to be ex-owners of the development there. So in the end the hit rate is still on 20%. For a development with not many units, i dont consider it a runaway success at all......

Still left to be since what happens after launch.

I estimate at least 30% unsold at the end of the day

Edited by Throttle2, 07 March 2014 - 09:57 PM.

i wonder if there are many projects with 20-30% unsold

firesale is imminent in order to clear the units

�

gone are the days that unsold units are kept to rot for years ...

many many years ago i ever visited a FEO project with unsold units age coming to 4-5 years after TOP

�

Edited by Wt_know, 07 March 2014 - 10:15 PM.

i wonder if there are many projects with 20-30% unsold
firesale is imminent in order to clear the units
�
gone are the days that unsold units are kept to rot for years ...
many many years ago i ever visited a FEO project with unsold units age coming to 4-5 years after TOP
�

If not many now, there will be in the months to come

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 20

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