View Full Version : When Will CMs Be Removed?
My guess CMs will only be removed when developers finally let go at $600-$700 psf. The ball is now at developers' court.:cheers1:
Every day advertisements shout lalong no use. Price still more or less the same. Only let go some kachang puteh units to attract carrot heads.:D
When she stop printing money.
http://images.politico.com/global/2013/10/10/131009_janet_yellen_nomination.jpg
When she stop printing money.
http://images.politico.com/global/2013/10/10/131009_janet_yellen_nomination.jpg
Wa pian oh! Then CMs will never be removed. They have to really drop price to move units. Not many can swallow with all this CMs. Keep building MMs not a solution. It will damage the "environment".:D
Wa pian oh! Then CMs will never be removed. They have to really drop price to move units. Not many can swallow with all this CMs. Keep building MMs not a solution. It will damage the "environment".:D
You are right, money have to go somewhere.
Londonproperty123
30-04-14, 19:03
Read in the Today paper that some are calling for even more Cooling Measures. Maybe we'll have more.
Prices of mass market condo should come down to $800 tp $1000psf
walkthetiger
30-04-14, 19:19
My guess CMs will only be removed when developers finally let go at $600-$700 psf. The ball is now at developers' court.:cheers1:
Every day advertisements shout lalong no use. Price still more or less the same. Only let go some kachang puteh units to attract carrot heads.:D
...why not hope to see the market sink? since most big fish left the market long long time ago, and what else can they hope now? ...They will be back to buy like no tommorrow again, agents will all be happy again...
Still can blame gov for it, then they can comfortably remove cm...
Let the show go on and on...another cycle in making
...why not hope to see the market sink? since most big fish left the market long long time ago, and what else can they hope now? ...They will be back to buy like no tommorrow again, agents will all be happy again...
Still can blame gov for it, then they can comfortably remove cm...
Let the show go on and on...another cycle in making
Really hope so. Have been accumulating for the moment. But not healthy to hold too long without release.
walkthetiger
30-04-14, 20:25
Really hope so. Have been accumulating for the moment. But not healthy to hold too long without release.
...The reset bottom...we can never be sure the chances to happen...but by looking at now, many are giving a green light for such thing to happen... it is easier than striking lottery...may not cause big damage to gov afterall, what they wish now is the just vote from the HDB folks in GE2016...HDB folks will get what they wishing for and FT can buy cheaply as well... good reasons are there for the sink....Let those stubborn fellow die alone... Big fishes are all hungry by now
Some said GE maybe in 2015 looking at all the changes at the ministral level and introduction of new candidate. :p
...The reset bottom...we can never be sure the chances to happen...but by looking at now, many are giving a green light for such thing to happen... it is easier than striking lottery...may not cause big damage to gov afterall, what they wish now is the just vote from the HDB folks in GE2016...HDB folks will get what they wishing for and FT can buy cheaply as well... good reasons are there for the sink....Let those stubborn fellow die alone... Big fishes are all hungry by now
remove CM for whose benefit ? Someone will scream unfair again.......
thomaspaine
01-05-14, 01:05
My guess CMs will only be removed when developers finally let go at $600-$700 psf. The ball is now at developers' court.:cheers1:
Every day advertisements shout lalong no use. Price still more or less the same. Only let go some kachang puteh units to attract carrot heads.:D
The CMs have obviously achieved its objectives and Mr. Khaw must surely now be keeping his ears very close to the ground.
A well intentioned plan to prevent runaway property prices if not carefully monitored and managed from here, may lead to an unexpected crash !
External influences must first be normalised before these unnatural CMs be removed. :p
Interest rates must rise before any hope of CM revision.
Interest rates must rise before any hope of CM revision.
Interest rates are unlikely to rise in the foreseeable future......unless MAS changes its stance on 'exchange rate management'.
Interest rates are unlikely to rise in the foreseeable future......unless MAS changes its stance on 'exchange rate management'.
Q2 2015. This coincides with the view that GE would be held around then.
Prices of mass market condo should come down to $800 tp $1000psf
Should be $500 to $700psf:scared-4:
Should be $500 to $700psf:scared-4:
Then BTO got to priced max at $250psf n resale at $300psf!
Sure many can afford liao.
Should be $500 to $700psf:scared-4:
if that happens, banks will start to recall loans
if that happens, banks will start to recall loans
In which year did banks in Singapore recall loan or ask for top up? Can share the article. Would have appeared in newspaper leh....
This is so new to me... Never experienced it during the past 20 years..
:confused::confused::confused::confused:
thomaspaine
01-05-14, 10:43
Should be $500 to $700psf:scared-4:
BECAREFUL WHAT YOU WISH FOR !
From the response to the new launches in this forum, market must be quite jiak luck.
Our black clown whose predictions all went haywire also gone into hibernation.
princess_morbucks
01-05-14, 12:27
In which year did banks in Singapore recall loan or ask for top up? Can share the article. Would have appeared in newspaper leh....
This is so new to me... Never experienced it during the past 20 years..
:confused::confused::confused::confused:
http://www.propertyguru.com.sg/question/139996/hi-do-you-guys-have-any-information-about-margin-c
Lol.....the agent said only 1 bank did it about many years ago.
But you have to call him then he will tell you.
If you do call him, do share the info with us, please.
princess_morbucks
01-05-14, 12:29
if that happens, banks will start to recall loans
For the benefit of those who would like to know more about margin call on housing loan, this website provides a few illustrations.
http://www.moneysmart.sg/housing-property/on-margin-call-for-home-loans-what-is-it-and-how-do-we-avoid-it/
Happy reading and Happy labour day!
http://www.propertyguru.com.sg/question/139996/hi-do-you-guys-have-any-information-about-margin-c
Lol.....the agent said only 1 bank did it about many years ago.
But you have to call him then he will tell you.
If you do call him, do share the info with us, please.
Hahahaha.... 12 years ago, if 1 bank did recall loan,
Definitely at least 1 from the forum will kana leh...
If u do a poll, u will find no one had recall of loan unless default on payment... Hahahaha
After a while, rumor will become facts...
:rolleyes:
If you default on your monthly repayment, the bank can:
a) Declare “an event of default” and recall the loan;
b) Charge you a higher rate of interest;
c) Initiate legal action to recover the outstanding amount or sell your property (or both) to recover
the outstanding loan balance and unpaid interest; or
d) Bring bankruptcy proceedings against you.
http://www.mas.gov.sg/~/media/resource/publications/consult_papers/2011/CP_Proposed_Res_Pty_Loans_FactSheet_Jun2011.pdf
Prices of mass market condo should come down to $800 tp $1000psf
If the developer is willing to build for free.
S$687.9 per square foot per plot ratio (psf ppr).
SINGAPORE: A residential site at Sims Drive attracted only four bids at the close of a Housing & Development Board (HDB) tender on Tuesday.
First Changi Development, a unit of Guocoland, submitted the highest bid of S$530.9 million for the 23,900.1-square-metre site.
The price translates to S$687.9 per square foot per plot ratio (psf ppr).
The second highest bid came from a consortium comprising Verwood Holdings, Intrepid Investments and TID Residential at S$502 million.
The other two bidders for the site are Sim Lian Land and a consortium that includes Fraser Centrepoint unit FCL Topaz.
Analysts said the low number of bids attest to the continued weakened sentiment in the property market.
OrangeTee’s head of research & consultancy, Christine Li, said: "The sheer size of the development has also deterred developers from overbidding, as bigger projects would invariably carry bigger risks, and this applies especially so during challenging market conditions."
The 99-year leasehold site is for the development of condominium or flats.
It can also be developed into a combination of flats and strata landed homes with prior written approval.
Some 900 units are expected to be developed on the site.
CBRE Research’s head, Desmond Sim, said in a note that "while land prices are affected by general market sentiments and specific site attributes, they are also a reflection of other considerations such as foreign labour crunch, and pre-fabrication requirements that have contributed to the rise in development cost".
The site at Sims Drive was launched for public tender on 30 December 2013.
HDB said the decision on the award of the tender will be made at a later date.
- CNA/gn
If the developer is willing to build for free.
S$687.9 per square foot per plot ratio (psf ppr).
SINGAPORE: A residential site at Sims Drive attracted only four bids at the close of a Housing & Development Board (HDB) tender on Tuesday.
First Changi Development, a unit of Guocoland, submitted the highest bid of S$530.9 million for the 23,900.1-square-metre site.
The price translates to S$687.9 per square foot per plot ratio (psf ppr).
The second highest bid came from a consortium comprising Verwood Holdings, Intrepid Investments and TID Residential at S$502 million.
The other two bidders for the site are Sim Lian Land and a consortium that includes Fraser Centrepoint unit FCL Topaz.
Analysts said the low number of bids attest to the continued weakened sentiment in the property market.
OrangeTee’s head of research & consultancy, Christine Li, said: "The sheer size of the development has also deterred developers from overbidding, as bigger projects would invariably carry bigger risks, and this applies especially so during challenging market conditions."
The 99-year leasehold site is for the development of condominium or flats.
It can also be developed into a combination of flats and strata landed homes with prior written approval.
Some 900 units are expected to be developed on the site.
CBRE Research’s head, Desmond Sim, said in a note that "while land prices are affected by general market sentiments and specific site attributes, they are also a reflection of other considerations such as foreign labour crunch, and pre-fabrication requirements that have contributed to the rise in development cost".
The site at Sims Drive was launched for public tender on 30 December 2013.
HDB said the decision on the award of the tender will be made at a later date.
- CNA/gn
It will be very interesting to see how this project gets priced and if this will shake up the entire pricing in the current Jervois area condos.
Mon Jervois which is located right next to this plot was sold for anywhere between 1600psf to 2000psf recently...not sure how many units remain unsold from this project.
With the current low bid, Guocoland can build up to 900 units within this area. Given their successful bid price of $687 psf, they can sell units for as cheaply as $1300 psf and still be in the money. The finishing and positioning of their condo can also make a difference....ie, whether they will choose to design a product for the 'atas' Jervois crowd, or will try to go mass-market and go for the lowest quantum based product (like Commonwealth Towers).
Whatever their decision, prices will likely get 'shaken up' on all condos located around the Malaysian High Commission area.
challenger
01-05-14, 17:36
It will be very interesting to see how this project gets priced and if this will shake up the entire pricing in the current Jervois area condos.
Mon Jervois which is located right next to this plot was sold for anywhere between 1600psf to 2000psf recently...not sure how many units remain unsold from this project.
With the current low bid, Guocoland can build up to 900 units within this area. Given their successful bid price of $687 psf, they can sell units for as cheaply as $1300 psf and still be in the money. The finishing and positioning of their condo can also make a difference....ie, whether they will choose to design a product for the 'atas' Jervois crowd, or will try to go mass-market and go for the lowest quantum based product (like Commonwealth Towers).
Whatever their decision, prices will likely get 'shaken up' on all condos located around the Malaysian High Commission area.
Are you sure you got the area right? Sims drive is near Geylang. Mon Jervois is near Price Charles at Alexandra area.
Are you sure you got the area right? Sims drive is near Geylang. Mon Jervois is near Price Charles at Alexandra area.
Thanks for pointing it out...I mixed it up with another article. The recent bid for 'Plot B' at Prince charles is $820psf.
Here is a link to the corrected plot.
http://www.stproperty.sg/articles-property/singapore-property-news/cooling-measures-hit-prince-charles-cres-tender/a/161034
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