At first crash no one feel it until suddenly biz not good, economy doesnt pick up and mass retrenchment start, people lose jobs then realize economy bad and end up sell their properties, stocks and equities and crash has been startedyeah crash happen with no warning
when everyone is happy happy cheoing crash come fast and furious
why market never cheong???
Bec got another fed exec say tapering may happen in Oct Nov if there is a need.. market chiong so many days almost vertical, take this as a cue to retract back a little.no tapering liao...
why market never cheong???
Bec got another fed exec say tapering may happen in Oct Nov if there is a need.. market chiong so many days almost vertical, take this as a cue to retract back a little.
say only mah...
Ben say want to taper,
in the end also never taper mah
That's why market is bullish yet fragilesay only mah...
Ben say want to taper,
in the end also never taper mah
no tapering liao...
why market never cheong???
Before d taper news already cheong coz of larry summers news. U can never b ahead of d algo bots bro. Unless they outlaw HFT n bots, retail will always b behind unless u make alot of effort to follow every news flow. Bloomberg cnbc etc isn't enough. I dont rely on either of them for news or analysis...
Before d taper news already cheong coz of larry summers news. U can never b ahead of d algo bots bro. Unless they outlaw HFT n bots, retail will always b behind unless u make alot of effort to follow every news flow. Bloomberg cnbc etc isn't enough. I dont rely on either of them for news or analysis...
now means what?
now means what?
Now means, anything can happen. Market is very volatile.
Cash
Cos when crash property, stocks, equities all drop value
Like what Mr Throttle said, U got The Cash, U got The Power
cash also scared tio devalue... which country one is better ah?
got aud.. but recent months lau sai.. ringgit also lau sai recently.. sgd.. so far okay... but dunno if one day some soros wannabe plays sgd and succeeds
Now means, anything can happen. Market is very volatile.
nobody got idea where the ship is heading?
This one u need a phd and good experiencecash also scared tio devalue... which country one is better ah?
got aud.. but recent months lau sai.. ringgit also lau sai recently.. sgd.. so far okay... but dunno if one day some soros wannabe plays sgd and succeeds
nobody got idea where the ship is heading?
Long term nobody knows. Short term im looking to short next wk given d right price actions
nobody got idea where the ship is heading?
Who say nobody got any idea? Just that those who know been saying things that people do not want to hear, but it will eventually happen.
This one u need a phd and good experience
when they stop QE, then crash will happen.
When they stop QE, only when they think it will not crash...
Unlike Lehman Bro when everyone is not sure what the gov will do to save the mkt and how far it will go... It's very clear now that they will stop at nothing...
The message that U/S is sending is loud and clear... U/S mkt cannot fail and the world leaders will do whatever they can even if its against morals and logic..*all the protest at wall street is useless* US gov are with the bankers.
Edited by ShepherdPie, 22 September 2013 - 08:11 PM.
Turning on the tap for the water to run indefinitely will cause the dam to break.
Where is all that water going to go? It will flood and drown some unlucky folks....
I take this good run as a get out of jail free ticket and will release more of my holdings, especially those in the money.
Can always pick it up later...
itchy for ferrari or lamboghini? lol
stock is overvalue
property is overspeculate
interest rate is sibei low
cash is undervalue
how? where is the safe haven for investment?
I really dont like the way its building up.
Turning on the tap for the water to run indefinitely will cause the dam to break.
Where is all that water going to go? It will flood and drown some unlucky folks....
I take this good run as a get out of jail free ticket and will release more of my holdings, especially those in the money.
Can always pick it up later...
Edited by Wt_know, 23 September 2013 - 11:17 AM.
I really dont like the way its building up.
Turning on the tap for the water to run indefinitely will cause the dam to break.
Where is all that water going to go? It will flood and drown some unlucky folks....
I take this good run as a get out of jail free ticket and will release more of my holdings, especially those in the money.
Can always pick it up later...
*sigh*.. the more anticipanted the outcome .. the least possible to happen..
Likely that USD will lose it values, commodities will move to be value by alternative currency.
Inflation will continue..
I really dont like the way its building up.
Turning on the tap for the water to run indefinitely will cause the dam to break.
Where is all that water going to go? It will flood and drown some unlucky folks....
I take this good run as a get out of jail free ticket and will release more of my holdings, especially those in the money.
Can always pick it up later...
People unleashing tsunami of cash liao... with no end in sight.... and you are converting your assets into.... cash?
Err... I know nuts about economics but... well.. you're the banker here...
bro, you keep offloading holding more cash and wallet sibei fat and pocket also pecah leh
itchy for ferrari or lamboghini? lol
stock is overvalue
property is overspeculate
interest rate is sibei low
cash is undervalue
how? where is the safe haven for investment?
I am never itchy for ferrari or lambo ....i am just a man in the street.
Even my Porsche is pre owned....
I just want to regroup and maintain my high liquidity currently.
Cash is undervalued when it is of most use.
When you fight a battle and runout of ammo.
No matter how well you plan, you will be a sitting duck unless you get your hands on more ammo.
Let the enemies fire, use up their ammo.
Once their firing is done, we will take charge.
Anyway, i'm just a small timer looking to retire a few years earlier, thats all.
I am never itchy for ferrari or lambo ....i am just a man in the street.
Even my Porsche is pre owned....
I just want to regroup and maintain my high liquidity currently.
Cash is undervalued when it is of most use.
When you fight a battle and runout of ammo.
No matter how well you plan, you will be a sitting duck unless you get your hands on more ammo.
Let the enemies fire, use up their ammo.
Once their firing is done, we will take charge.
Anyway, i'm just a small timer looking to retire a few years earlier, thats all.
So you are fighting the battle using the same kind of ammo as your enemy is?
Your ammo is limited. Theirs.... is.... just a matter of paper and ink. Unless you're telling me you got a printing machine at home.
So you are fighting the battle using the same kind of ammo as your enemy is?
Your ammo is limited. Theirs.... is.... just a matter of paper and ink. Unless you're telling me you got a printing machine at home.
battles are not won by ammos alone..... remember ????.
What seem to be dead end ... may just be a turning point.
Expect the unexpected...
the thing is muz be willing to let go of your old belief and move on.. "restart"
Alot of ppl are struck with the belief that the pty mkt will crash since 2010... and still refused to let it go..
Some may think that i am flicker minded..
Every period post different things.. Not that i dont believe in myself.. but i always like to "think" from the beginning again.
A decision for FED can change the game overnight.. so keeping a open mind is impt.
Edited by ShepherdPie, 23 September 2013 - 11:59 AM.
U dunno when crash so no point keeping all cash. Keep some, do some investment, diversifyCash
Cos when crash property, stocks, equities all drop value
Like what Mr Throttle said, U got The Cash, U got The Power
U dunno when crash so no point keeping all cash. Keep some, do some investment, diversify
.. I see a few good listings last few days.....some ppl muz have bet the wrong direct and now needed "cash".
Edited by ShepherdPie, 23 September 2013 - 11:55 AM.
simple test for anyone. based on d article, wld u been inclined to long or short d stock mkt?
Edited by Djim, 23 September 2013 - 12:02 PM.
http://blogs.barrons...07-record-epfr/
simple test for anyone. based on d article, wld u been inclined to long or short d stock mkt?
how many retail investors are sophisticated enough to short the market?
how many retail investors are sophisticated enough to short the market?
exactly thank u for pointing that. thats y i commented before that retail always lose out coz theyve no idea how to monitor fund flows etc. If u just rely on ST or popular news portals, sure die.
So you are fighting the battle using the same kind of ammo as your enemy is?
Your ammo is limited. Theirs.... is.... just a matter of paper and ink. Unless you're telling me you got a printing machine at home.
You got it wrong, they are not the enemy.
The whole concept strategy revolves around we , ourselves.
Not sure if you understand.
Lets just say, we are our own enemy and we are just fighting against ourselves most of the time
Edited by Throttle2, 23 September 2013 - 01:22 PM.
U try la start a PAY FULL CASH Seminar, see if got peepur go anot
wah last time buy car $0 driveaway ... now buy property also $0 move in ar?
car dealers sibei many patterns ... property agents also very tricky indeed ... both agents/dealers same same ... with one ultimate objective only ... TO MAKE A KILL
Edited by Wt_know, 23 September 2013 - 05:51 PM.
not oni this, names like A*** K**0 and all that...u nia bo?
U try la start a PAY FULL CASH Seminar, see if got peepur go anot
You, porker and viceroy come lor...
You, porker and viceroy come lor...
we come, but give u coffee voucher for the entrance fee can? u redeem at PML or UOB prestige[laugh]
no-cash outlay claims and fee waivers?
wah last time buy car $0 driveaway ... now buy property also $0 move in ar?
car dealers sibei many patterns ... property agents also very tricky indeed ... both agents/dealers same same ... with one ultimate objective only ... TO MAKE A KILL
Wrong, not make a kill.
But to kill you .....
Muayhahahaha
Therefore every job with the word agent, they twist it into something else so people can accept.
Property agent become property consultant
Insurance agent become financial consultant
Car dealer become private seller....muayhahahahahahahahaha
Edited by Throttle2, 23 September 2013 - 07:51 PM.
Todays contribution
I did voiced the concern 2 months back to authorities about the activities " xyz* " posted in facebook for seminar teaching people how to buy property with NO CASH , which I find it is not too right and may post moral hazard. But they just push it off saying after investigating, they found nothing wrong with them proving seminar but will continue monitor. I was like..
* prefer not to reveal the name as I may get into legal implications for it. Well..
Edited by Yewheng, 23 September 2013 - 08:27 PM.
debt level is also sibei good
bo taichi ... huat ah!!!
http://www.channelne...ore/823398.html
Edited by Wt_know, 23 September 2013 - 09:42 PM.
CBS - credit bureau singapore reports that sporean credit scores sibei tok kong
debt level is also sibei good
bo taichi ... huat ah!!!
http://www.channelne...ore/823398.html
Sometimes government controlled media must say the right things to inspire confidence.
Whether its true or not, must do own homework...
Ommmmmmmmmm
CBS - credit bureau singapore reports that sporean credit scores sibei tok kong
debt level is also sibei good
bo taichi ... huat ah!!!
http://www.channelne...ore/823398.html
If you read carefully
" This is despite the fact that as at March 2013, consumer debt in mortgages, credit card billings and study loans have increased compared to last year. Only car loans saw a drop in outstanding balances during the period under review. "
So which means it still not healthy as all debt had increase except for car loans ( due to no choice, cannot take higher loan )
Unless it drop across whole board, it's not good news anyway.
Edited by Yewheng, 23 September 2013 - 09:54 PM.
Long term nobody knows. Short term im looking to short next wk given d right price actions
well d chance to short US futures was earlier today. Id wait for pullback before adding more shorts. Not a good sign for US mkt to high all time highs then do a complete reversal back to pre FOMC last wk... usually a bullish breakout shld a all time high continuation
SINGAPORE: Credit Counselling Singapore (CCS) estimates that as many as 30,000 borrowers could be under distress, from tighter restrictions on credit card and unsecured lending.
But based on data from Credit Bureau Singapore (CBS), the credit health of Singapore consumers has improved from a year ago.
One possible explanation is that even as consumers borrow more, they have become more responsible in managing debt.
CBS - credit bureau singapore reports that sporean credit scores sibei tok kong
debt level is also sibei good
bo taichi ... huat ah!!!
http://www.channelne...ore/823398.html
Edited by Wt_know, 24 September 2013 - 09:33 AM.
what a day difference made ... conflicting message
SINGAPORE: Credit Counselling Singapore (CCS) estimates that as many as 30,000 borrowers could be under distress, from tighter restrictions on credit card and unsecured lending.
But based on data from Credit Bureau Singapore (CBS), the credit health of Singapore consumers has improved from a year ago.
One possible explanation is that even as consumers borrow more, they have become more responsible in managing debt.
dun scare pple lah. let it fly up n explode, then we can pick up d aftermath for cheap :) for every winner, there is a loser.
Simple formula.
==========
Cant pay credit card bills and need to rollover debt = distressed.
Use one credit card to cover another = distressed
No salary for one month will put you in debt = distressed
Need to sell Rolex to fund for medical = distressed
Forking out $20k in cash will break your bank = almost distressed
PLEASE stop building your wealth by leveraging on low interest rate.
.... SG cannot afford to have too many ppl retiring young..
PLEASE stop building your wealth by leveraging on low interest rate.
Just saw some news that the condo show rooms are full with interested buyers again... looks like need a real crash or hike of interest rates to see who have the deep pockets to last.
Just saw some news that the condo show rooms are full with interested buyers again... looks like need a real crash or hike of interest rates to see who have the deep pockets to last.
those ppl that are in the showroom now..are ppl with real cash lor..
1st time buyer... probably CPF bao bao..crash also have $$ to dong.
2nd time buyer... got to put in so much SD and still can buy.... also dun need to worry abt them..
The world leaders already make their point that .. they will never let interest rate or anything to crash the mkt.
So it will be fat hope that hike of interest rate will come soon.
Edited by ShepherdPie, 24 September 2013 - 10:58 AM.
All crap news.
Simple formula.
==========
Cant pay credit card bills and need to rollover debt = distressed.
Use one credit card to cover another = distressed
No salary for one month will put you in debt = distressed
Need to sell Rolex to fund for medical = distressed
Forking out $20k in cash will break your bank = distressed
All crap news.
Simple formula.
==========
Cant pay credit card bills and need to rollover debt = distressed.
Use one credit card to cover another = distressed
No salary for one month will put you in debt = distressed
Need to sell Rolex to fund for medical = distressed
Forking out $20k in cash will break your bank = distressed
I forked out almost 100k for new car...very stressed
those ppl that are in the showroom now..are ppl with real cash lor..
1st time buyer... probably CPF bao bao..crash also have $$ to dong.
2nd time buyer... got to put in so much SD and still can buy.... also dun need to worry abt them..
The world leaders already make their point that .. they will never let interest rate or anything to crash the mkt.
So it will be fat hope that hike of interest rate will come soon.
Huat lor.... This weekend showroom packed again.. HAUT AR
All crap news.
Simple formula.
==========
Cant pay credit card bills and need to rollover debt = distressed.
Use one credit card to cover another = distressed
No salary for one month will put you in debt = distressed
Need to sell Rolex to fund for medical = distressed
Forking out $20k in cash will break your bank = distressed
if never check any of these boxes
means can destress?
I damn stress.....not very stress
How ....I have no monies. No car. No hdb yet
I damn stress.....not very stress
mai ke ke hor. you got PP, rolex, and many other brand watches
I was born ugly so having a nice car dont boast my chances with gals so....I rather spend the monies on items that last longer than coe
and hotel 81 Edited by Staff69, 24 September 2013 - 11:33 AM.
If you like me. Choose not to buy a car and take public transport then you can also have a 100000 watch
here is pple got car AND 100000 watch
If you like me. Choose not to buy a car and take public transport then you can also have a 100000 watch
next time i see a person wear PP on the bus or mrt surfing MCF
i guess i know who already
next time i see a person wear PP on the bus or mrt surfing MCF
i guess i know who already
many fakes out there b careful dun kena smoke lol
Those are high networth folks. Me is medium networth
If you like me. Choose not to buy a car and take public transport then you can also have a 100000 watch
I was born ugly so having a nice car dont boast my chances with gals so....I rather spend the monies on items that last longer than coe
i'm supporter of that too
Err......different market.....I make full use of my monies
Those are high networth folks. Me is medium networth
frankly WTF is high now? private bank? im lost coz our asset ownership here goes from 10,000 all d way to 100,000,000,000.
bigger loans and longer mortgage period ... just pay and pay
we are talking about suburban condos hor ... not the one smack right in orchard/steven road, cbd or marina bay
Hard to find condo unit under $1,000 psf
Buyers more focused on total price tag than psf cost: Analysts
Published on Sep 21, 2013
By Melissa Tan
IF YOU think it is near impossible to pick up a mass market condominium unit for under $1,000 per sq ft these days, you could be right, as recent statistics show.
The majority of suburban private home transactions were above that price level in the second quarter of this year, according to Urban Redevelopment Authority (URA) data compiled by property consultancy OrangeTee.
The numbers underline a trend that has been increasingly apparent for the past two years - buyers will shrug off high prices on a per sq ft (psf) basis as long as the overall quantum is seen as affordable.
That seems to mean paying up to $1.2 million for a suburban private home, consultants said.
Out of 3,627 mass-market private units sold in the three months to June 30, 2,180 were above $1,000 psf.
That is 60 per cent, a starkly higher proportion than the 25.5 per cent recorded in the second quarter of 2011, when 1,188 out of 4,368 suburban units were sold above that price point.
The proportion of units costing more than $1,500 psf has also climbed dramatically, from 0.5 per cent in the second quarter of 2011 to 14.2 per cent in the same period this year.
Recent condo launches in the suburbs have notched up astronomical psf prices.
Take the 738-unit J Gateway in Jurong East. It was launched in June and its units have been sold for as much as $1,774 psf.
That price was paid for a shoebox apartment of 484 sq ft at the 99-year leasehold project. It works out to $858,000.
At the freehold The Tembusu in Kovan, which was launched last month, the highest price paid was $1,687 psf for a 474 sq ft home or $799,000. The 337-unit project saw more than 200 units sold on the first day of sales.
"It appears that home buyers today are no longer concerned with the unit psf prices as long as the total quantum is within their reach, either for investment or their own stay," said OrangeTee research head Christine Li.
"The high psf prices could remain for a while longer, given the land prices developers have paid over the last year."
The URA is launching two adjacent private residential plots in Upper Serangoon View with the same tender closing dates before the end of this month.
Releasing sites in a batch like this is part of an experiment to moderate land tender bids.
Its previous experiment, conducted in July with three executive condominium plots that were not adjacent, ended up smashing price records.
However, it is not just psf prices; total price quantums have also gone up even as unit sizes shrink.
"Three years ago, $1 million could buy you a 1,000 sq ft three-bedroom unit," said PropNex chief executive Mohamed Ismail.
"But today, even though three-bedders have been reduced to 800 sq ft, which is already a 20 per cent drop in size, if it costs $1,350 psf, you'll be paying $1.08 million."
Knight Frank research head Alice Tan said the "sweet spot" price level for first-time home buyers was in the range of $950,000 to $1.1 million.
"We could see some resistance for prices beyond $1.2 million," she added.
Mr Ismail reckons the psychological ceiling is around $1.5 million for a mass-market home. The highest suburban mass-market condo price this year was $1,920 psf paid in April for a unit at Centro Residences in Ang Mo Kio. It works out to $1.9 million for a 1,001 sq ft apartment.
Consultants expect suburban price increases to be more muted in the coming months due to dampened buyer demand on the back of mortgage restrictions introduced in late June.
melissat.com.sg
Edited by Wt_know, 24 September 2013 - 11:54 AM.
Edited by Staff69, 24 September 2013 - 12:13 PM.
Dont bring people to geylang area 81 . I think there still 30 dollars but there like war zone.
Edited by Staff69, 24 September 2013 - 01:42 PM.
"Three years ago, $1 million could buy you a 1,000 sq ft three-bedroom unit," said PropNex chief executive Mohamed Ismail.
"Mr Ismail reckons the psychological ceiling is around $1.5 million for a mass-market home. The highest suburban mass-market condo price this year was $1,920 psf paid in April for a unit at Centro Residences in Ang Mo Kio. It works out to $1.9 million for a 1,001 sq ft apartment.
3 years ago, psychological ceiling is $1M
today $1.5M
did my pay increase by 50% last 3 years?
3 years ago, psychological ceiling for COE is $40000... Now it's 80000... The rise is worse than property.3 years ago, psychological ceiling is $1M
today $1.5M
did my pay increase by 50% last 3 years?
You tell me lor
I forked out almost 100k for new car...very stressed
Heee heee, no problem for you lah Bro
3 years ago, psychological ceiling for COE is $40000... Now it's 80000... The rise is worse than property.
my psychological ceiling for property is $200K and COE is $15K
I am the left far behind group....
If you read carefully
" This is despite the fact that as at March 2013, consumer debt in mortgages, credit card billings and study loans have increased compared to last year. Only car loans saw a drop in outstanding balances during the period under review. "
So which means it still not healthy as all debt had increase except for car loans ( due to no choice, cannot take higher loan )
Unless it drop across whole board, it's not good news anyway.
U how long never book already. ....I just book last weekend at chinatown still must wait for 20min
Dont bring people to geylang area 81 . I think there still 30 dollars but there like war zone.
G area $20/2hrs la.
other area like serangoon, lavender, balestier $30
but weekend rates I have no idea.
nice news watch
I only go to 81 near all the club so it 40 for 2 hours
nothing wrong until you are caught? lol
minimum lease period is 6 months. then these guy make a contract with exit clause of 1-month lease.
providing short term staying like hotel or service apartment ...
Bergens Associates sibei creative ... i mean tricky!
An American bank director (in white shirt), who declined to be named, leaving The Sail Marina Bay last Tuesday after a one-month stay there. He said his company arranged for the accommodation and he did not know the lease was illegal. -- ST PHOTO: DESMOND FOO
By Joyce Lim
Two weeks after The Sunday Times reported that the Urban Redevelopment Authority (URA) is investigating the illegal short-term leasing of apartments at The Sail Marina Bay, a check has found that such leasing is occurring at the waterfront condominium.
Several websites continue to blatantly carry advertisements of units available for short-term leases at The Sail Marina Bay.
The Sunday Times responded to one of the advertisements on Sailatmarinabay.com, with a staff member posing as a foreigner and indicating an interest to rent a one-bedroom apartment from Oct 1 to Oct 31.
In an e-mail reply, a customer service and sales employee quoted an "Executive Deluxe City View" one-bedroom apartment for a discounted price of $7,200 nett a month, and an additional $500 payable for one with a view of the Marina Bay area.
When The Sunday Times team turned up for the viewing on Sept 12, it was shown two units located on levels 14 and 17 of Tower 1, and a third unit on level 16 of Tower 2, which offers a partial view of the Marina Bay area.
A lease agreement was later presented, stating a leasing period of six months starting on Oct 1, even though the team said it was keen to rent it for only a month.
The employee, who went by the name "Ewan", explained that the law requires the lease contract to be for a minimum period of six months. However, he pointed out a clause in the contract giving the option for early termination on Oct 31.
The contract could be terminated after one month, assured Ewan.
A search on the Accounting and Corporate Regulatory Authority revealed that Sailatmarinabay.com is owned by Bergen Associates Group. Its managing director Peter Leung, a Singapore permanent resident, is a resident and a former management council member of The Sail.
When this reporter later revealed her identity to Mr Leung and questioned him on the short-term lease, he declined to comment.
Under URA's guidelines on leasing and subletting of residential properties, it is illegal to lease such properties for stays of less than six months.
URA has said that if investigations establish that a residential unit is being misused, the person responsible may be fined up to $200,000, imprisoned for a term of up to 12 months, or both.
A URA spokesman told The Sunday Times that URA has received seven complaints over the last couple of weeks and added that "investigations are ongoing" on the unauthorised use of the residential units at The Sail Marina Bay.
Last year, one resident, who wanted to be known only as Mr S. K. Cheah, terminated his leasing agreement with Bergens Associates Group after he found out that his apartment was allegedly being subletted, which was not part of the agreement between the two parties.
The 53-year-old investor told The Sunday Times: "I had three different people staying in my apartment in three months. So I decided to do a spot check one night, and I found out that my apartment, which was leased to Bergens Associates for $4,500 a month, was sublet to another company for $8,500 a month.
"I would not let my unit be leased out illegally as a serviced apartment."
But tenants of The Sail Marina Bay may not be aware that the apartments have been illegally leased to them on a short-term basis.
The Sunday Times team met an American couple as they were checking out from the condominium last Tuesday. The couple arrived in Singapore last month and had stayed in a one-bedroom apartment on the 47th floor from Aug 19 till then.
The husband, a director in a multinational foreign bank here who declined to be named, was shocked when he was told that it was illegal for the serviced apartment operator to lease the apartment to him for only a month.
He said: "The accommodation was arranged for me by my company. The whole place looked like it was for corporate rental. I didn't know that it was illegal.
"The services provided by Marina Bay Service Residences were excellent. Their staff were very dedicated and helped me with everything including arranging for my transport and booking a tennis court."
In 2010, URA investigated about 1,000 cases of the unauthorised use of private residential properties, which included short-term stays and the unauthorised conversion of private residential properties to workers' dormitories or boarding houses.
By last year, URA saw an 80 per cent rise in the number of such cases to 1,800 cases. In the first seven months of this year, there were about 980 such cases, similar to the number seen in the same period last year, said its spokesman.
URA told The Sunday Times that it has not charged anyone in court for illegal short-term rentals thus far "because home owners typically comply with our requirements to rectify the planning infringements when they are notified".
joycel.com.sg
Edited by Wt_know, 24 September 2013 - 06:05 PM.
time to go manicure....You tell me lor
my psychological ceiling for property is $200K and COE is $15K
I am the left far behind group....
likewise
this is how they chut pattern to circumvent ... actually not circumvent ... it's illegal
nothing wrong until you are caught? lol
minimum lease period is 6 months. then these guy make a contract with exit clause of 1-month lease.
providing short term staying like hotel or service apartment ...
Bergens Associates sibei creative ... i mean tricky!
By Joyce Lim
A lease agreement was later presented, stating a leasing period of six months starting on Oct 1, even though the team said it was keen to rent it for only a month.
The employee, who went by the name "Ewan", explained that the law requires the lease contract to be for a minimum period of six months. However, he pointed out a clause in the contract giving the option for early termination on Oct 31.
The contract could be terminated after one month, assured Ewan.
URA told The Sunday Times that it has not charged anyone in court for illegal short-term rentals thus far "because home owners typically comply with our requirements to rectify the planning infringements when they are notified".
joycel.com.sg
Clever... it's a 6 mths lease ...gov never say cannot allow early termination. :P i think legally they are not wrong too... caught also just kena warning only.. cant take them to court.. unless ura wants to loose face again in court like hdb.
this will give alot of ppl alot of idea... hee hee ;) i hope CEA/URA .. dont come up with some standard templates for pte leases soon..
Edited by ShepherdPie, 25 September 2013 - 11:43 AM.
if legally is not wrong, why the guy need to move out?
sailatmarinabay.com also gone offline already ... scared kena lim kopi liao ... lol
Clever... it's a 6 mths lease ...gov never say cannot allow early termination. :P i think legally they are not wrong too ... caught also just kena warning only.. cant take them to court.. unless ura wants to loose face again in court like hdb.
this will give alot of ppl alot of idea... hee hee ;) i hope CEA/URA .. dont come up with some standard templates for pte leases soon..
Edited by Wt_know, 25 September 2013 - 12:20 PM.
it's illegal la. not taking them to court is to avoid shame only.
if legally is not wrong, why the guy need to move out?
www.sailatmarinabay.com also taken offline liao ... kan cheong kena ask to lim kopi liao ... lol
he move out after 1 mth stay leh.... not due to whether it illegal or legal..dun think ura will not be able to take them to court.
Edited by ShepherdPie, 25 September 2013 - 12:22 PM.
just like with 50% downpayment and 5 years loan for car
hearsay, got company offer lease for 5 years ie: $0 downpayment and OPTION to buy the car after 5 year at a pre-agreed value when the lease start
technically is to circumvent the 50% downpayment and 5 years loan
at the end the owner still can buy a car without 50% downpayment and 5 years loan maximum
Edited by Wt_know, 25 September 2013 - 12:26 PM.
Good luck developers!
So the impact of rising rates will be far greater than we think.
at 11th hour of the deadline ... got FIRESALE bo? ... ammo is ready
Was reading my fave ST just now and it was reported that Until today, D'Leedon has one third unsold and sky habitat has two thirds unsold ......so basically Developers just tong.....but no matter how you tong, this market is going nowhere with such measures in place.
Good luck developers!
So the impact of rising rates will be far greater than we think.
Edited by Wt_know, 25 September 2013 - 12:28 PM.
And it has to be low enough, otherwise market still wont move.
Try paying 10-18% stamp duty on a $3mil property.
Thats equivalent to a brand new Carrera gifted to Govt...
Haha, i aint gonna do that.
Rather take my money somewherE else.
Was reading my fave ST just now and it was reported that Until today, D'Leedon has one third unsold and sky habitat has two thirds unsold ......so basically Developers just tong.....but no matter how you tong, this market is going nowhere with such measures in place.
Good luck developers!
So the impact of rising rates will be far greater than we think.
ayah dleedon is Capland mah, if they pay tax is left to right pocket mah. think of it as tolong now, then next time mkt crash need rights issue, put d $$ back lor HAHHAAHA
developer has a DEADLINE to sell all units right
at 11th hour of the deadline ... got FIRESALE bo? ... ammo is ready
Dont underestimate the influence from business on politics...All over the world , banks and developers exert the big influence on government policies.
Capitalland is not allowed to failed at home one lah..;)
Lifting the restriction is one way out for the developers... Another is for the government to give excuses like "to better utitlies completed unit" and allow these developer/service apartment operator to rent out these units as service apartment after TOP. And wah la, developers will be saved and make alot of more. ;P
At the moment, all the big business are complaining abt staffing as well as accom for their oversea staff.. Government will need to look into rental supply soon after hdb prices stablised.
Edited by ShepherdPie, 25 September 2013 - 01:52 PM.
Was reading my fave ST just now and it was reported that Until today, D'Leedon has one third unsold and sky habitat has two thirds unsold ......so basically Developers just tong.....but no matter how you tong, this market is going nowhere with such measures in place.
Good luck developers!
So the impact of rising rates will be far greater than we think.
I am more concern abt those empty retails units at alexis near queenstown. TOPS so long leh.. still empty and the shops there are going for 6k-psf...with taobao shipping to sg.. i wonder wonder what these neighbourhood retail shop going sell and make $$.
Developer .. dun need to worry abt them.. esp those bigtime ones.
It's the retail owner , ordinary folks that need to worry.
Edited by ShepherdPie, 25 September 2013 - 01:53 PM.
I am more concern abt those empty retails units at alexis near queenstown. TOPS so long leh.. still empty and the shops there are going for 6k-psf...with taobao shipping to sg.. i wonder wonder what these neighbourhood retail shop going sell and make $$.
Developer .. dun need to worry abt them.. esp those bigtime ones.
It's the retail owner , ordinary folks that need to worry.
minor crash, retailers always die first. major crash, everyone dies. 2008-2009 was minor. 1998-2002 was major. next is?
minor crash, retailers always die first. major crash, everyone dies. 2008-2009 was minor. 1998-2002 was major. next is?
not everyone die lah..
US banks make such a big boo boo.. also didnt die.
the 3 banks and major developers in sg are protected by our government..esp their investment in sg..
If they kena conned in china.. that's another thing.
Edited by ShepherdPie, 25 September 2013 - 02:18 PM.
Was reading my fave ST just now and it was reported that Until today, D'Leedon has one third unsold and sky habitat has two thirds unsold ......so basically Developers just tong.....but no matter how you tong, this market is going nowhere with such measures in place.
Good luck developers!
So the impact of rising rates will be far greater than we think.
Woah no wonder all property tycoons are always among the richest people in the world.
I cannot imagine how deep their pockets are to be able to hold so much inventories for so long.
If measures remain in place, developers have only one card to play. PRICE.
And it has to be low enough, otherwise market still wont move.
Try paying 10-18% stamp duty on a $3mil property.
Thats equivalent to a brand new Carrera gifted to Govt...
Haha, i aint gonna do that.
Rather take my money somewherE else.
other areas less painful, buy watch only 7% but have included other taxes prior to GST; so how
other areas less painful, buy watch only 7% but have included other taxes prior to GST; so how
Yah, maybe buy a few more solid gold Rolexes for shiok lor...
no tapering why market never cheong?
Market has already priced that in.
Buy the rumor sell the news.
If you are waiting for the news to trade then you have already lost money before you started.
no tapering why market never cheong?
u nid 2 take off a retailer hat n put on genuine fund mgr hat.
I ask u wat is going to happen on 17 Oct 2013?
US going bankrupt on that day...?u nid 2 take off a retailer hat n put on genuine fund mgr hat.
I ask u wat is going to happen on 17 Oct 2013?
US going bankrupt on that day...?
thats d date US garmen has estimated for going "broke". Short term US mkts have fallen 5 days in a row, quite rare in current bull so expect short term rebound today onwards IMO, altho SNP500 is hovering above its 50DMA, looks like itll hit it anyway but im trading on daily bias at d mo so no idea
More to go jobless worldwide.
Not enough wealth to manage liao?
Y need to manage when mkt keeps going up? Fund mgrs becoming redundant liao
To end the day
Think if u ever be bernanke we will be in depression forever
Trade things using FULL bananas
bananas eat too much need to go toilet very often.....later boss accused me of skiving
To end the day
Edited by Wt_know, 27 September 2013 - 08:35 PM.
i bet saturday and sunday ST will be flooded with condos ads ... no $1M no talk !!!
I remember those days when the papers was flooded with condo ads.
Those were the days that there were no many buyers.
Also the attitude of agents tend to be much better.
When sales are plentiful, they become rude.
Not too different from some hawkers who are very rude be os they have a long queue of customers.
I remember those days when the papers was flooded with condo ads.
Those were the days that there were no many buyers.
Also the attitude of agents tend to be much better.
When sales are plentiful, they become rude.
Not too different from some hawkers who are very rude be os they have a long queue of customers.
As well as some car workshops that have long queue of customers. Damn bloody rude, some of them.
As well as some car workshops that have long queue of customers. Damn bloody rude, some of them.
So i always choose not to deal with such.
Money in my hands, why must give to them?
So i always choose not to deal with such.
Money in my hands, why must give to them?
Success changes people lah. These successful workshops also started small and humble.
Success changes people lah. These successful workshops also started small and humble.
Yes you are right.
Money (success) changes people.
By the way, the property market largely manipulated by the agents by pushing prices beyond where they really should be. Just like how COEs are pushed up by dealers.
Otherwise how can the same house marketed by two different agents hv a $250k difference in price?
So obviously, the agents simply mark a huge buffer before advertising.
Therefore, when buying we must not be paiseh to take a big chunk off our offers.
Think if u ever be bernanke we will be in depression forever
Trade things using FULL bananas
If i Bernanke, sure shiok shiok.
Raise rates to 7%
Use Rolex and cigars as currency
Hahaha.
If condo so good and selling so well, no need spend so much on newspaper ad liao
tats why i think, if so many people rushing to buy, still need to advertise so aggressively?
tats why i think, if so many people rushing to buy, still need to advertise so aggressively?
Its very clear, showroom full doesnt mean sales are good.
Usually grand opening time showroom surely full.
Full of all kinds of people trying to get freebies.
One of Singaporean pastime is to visit condo showrooms.
Buy or dont buy just visit.
Also car showrooms.
Then after two weeks of launch, showrooms become quiet.
I pass by a few cluster house development, 2yrs later still for sale by developer?!!! Wtf?
D'Leedon still 25% unsold.
Skyhabitat, more than 50% unsold...
So many few yr old condos under $1100psf in better locations.
Aiyoh
Sometimes i cant help but shake my head....
When ssomething is advertised heavily,It's either sibeh good or sibeh lousy.
Marketing the brand is for long term loyalty.
Good products mostly only market brand, no need to advertise to sell
Product sells on its own driven by market
Advertising to sell is a push for sales
Product wont sell on its own, must give freebies, must encourage buyers, must discount etc.
Driven by seller.
Good luck Singaporeans!
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