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View Full Version : Pavilion 11 at Novena (D11, Freehold, UOL)



Makelele
04-10-06, 02:41
This is at the public car park behind Boon Tong Kee chicken rice at Balestier.

http://img238.imageshack.us/img238/4451/uolbalestierqh7.jpg

http://img238.imageshack.us/img238/5839/uolbalestier1xy4.jpg

http://img238.imageshack.us/img238/6469/uolbalestier2iq0.jpg

http://img238.imageshack.us/img238/9675/uolbalestier4lx7.jpg

Unregistered
10-01-07, 19:09
Pavillion 11

Unregistered
10-01-07, 19:45
Pavillion 11

What kind of name is that! :) Hehehe. Was reading the classifieds today, seems like many condos are launching soon in the Novena/Balestier area!

Unregistered
18-01-07, 12:03
i think UOL better change the name. it doesn't sound very "exclusive" and upmarket.

kellysdc
24-01-07, 17:55
This is the 33 storey high rise condo by UOL at Minbu road. Above the pictures only show the show unit site, not the actual site.

Intrepid Explorer 2.0
01-03-07, 15:04
http://img85.imageshack.us/img85/474/pavillion11yk8.jpg

http://img85.imageshack.us/img85/4537/pavillion11signbq4.jpg

http://img85.imageshack.us/img85/4800/pavillion11sitena7.jpg

http://img85.imageshack.us/img85/7426/pavillion11site1yi6.jpg

http://img85.imageshack.us/img85/6079/pavillion11site2ll1.jpg

ryan
02-03-07, 16:46
This is the rendering from UOL:

http://img401.imageshack.us/img401/8069/385667187bfd97146c0mbd5.jpg

Average price is $1K psf. :scared-4:

It will be 2 blocks of 33 storeys. Total of 180 units: 2 bedders (60 units), 3 bedders (116 units), and 4 units of penthouses.

Plot area is 81,642 square feet.

TOP around June 2010.

park infinia
03-03-07, 12:43
If this can launch at $1,000 psf average, Park Infinia can re-launch at $1,400 psf no problem, being in a much more desirable location opposite Cairnhill + big land area.

park infinia
03-03-07, 12:49
This is the rendering from UOL:

http://img401.imageshack.us/img401/8069/385667187bfd97146c0mbd5.jpg

Average price is $1K psf. :scared-4:

It will be 2 blocks of 33 storeys. Total of 180 units: 2 bedders (60 units), 3 bedders (116 units), and 4 units of penthouses.

Plot area is 81,642 square feet.

TOP around June 2010.

Looks a lot like UOL's 3 projects (Twin Regency, Regency Suites, The Regency @ Tiong Bahru) in the Tiong Bahru area. And those are now sub-selling for around $900 to $1,000 psf. I think UOL have done their price analysis properly: meaning if those 3 can sell for around $1,000 psf, then Pavilion 11 being in a more-or-less equally prestigious (or unprestigious, depending on how you look at it) location and based on accessibility to the CBD, can sell for the same.

Tiong Bahru closer to Tanglin, Tanjong Pagar, and Chinatown.

Balestier closer to Suntec, Marina, City Hall, and Somerset.

Unregistered
07-03-07, 12:33
Location: Minbu Road /Akyab Street (D 11) Total no. of units: 180 (2 blocks of 33-Storey Towers)
Tenure: Freehold
Site Area: sqft
Expected TOP: June 2010
Units Types:
* 2 BR ~ 958 sq ft (60 units)
* 3 BR ~ 1485 sq ft (116 units)
* Penthouses (3 levels per unit) - 4219 sq ft (4 units)
Facilities: "Pavilion-theme features" - rainforest showers, spa jets, meditation, massage, art, relaxation, reading
Price: expected $1000 psf

elements
07-03-07, 16:33
http://img224.imageshack.us/img224/2426/385667187bfd97146c0rn6.jpg

Unregistered
07-03-07, 17:08
Between Pavilion 11 and Monteblue, I prefer Pavilion 11 not only because it is going to be cheaper (fingers crossed!!) but because it is by a solid and reputable developer. The location is also better than Monteblue, which I think is too cramped in that small road with many other condos surrounding it.

Unregistered
07-03-07, 19:33
With 2 big condos coming up on either side of Minbu (?) Rd, do the developers still think that they can sell 100% of their units launched? At that price? I do think that there is an oversupply of new condos in his area.

Unregistered
22-03-07, 15:23
http://img135.imageshack.us/img135/1938/rpmainbuilding3cb91aai8.jpghttp://img135.imageshack.us/img135/9484/projectlptext3cc4a4kb3.jpg

http://img135.imageshack.us/img135/6420/siteplan3cd760mb2.jpg

Unregistered
22-03-07, 18:19
According to BT, already 40% sold at average price of $900psf.

robinsonscentrepoint
26-03-07, 12:54
The Good:

- Good looking building
- Reputable developer
- 270 degree views, perched on elevated land
- Only 180 units on a very large plot
- Secluded and private, quiet at night (also in the day actually)
- Balestier location (food, proximity to the city, Marina, PIE, CTE)

The Bad:

- Price (I would buy for less than $800 psf)
- Balestier location (traffic jams, seedy)


Actually I was quite taken by their marketing, presentation, and product. UOL never disappoints. To me, at least. I also have a belief that Balestier has the potential to be cleaned up and be transformed into a mixed commercial/residential precinct, but don't expect high-end though. CityDev may also know something about that cos they just bought The Albany and Hock <something> Tower. Kwek and Wee are 2 of the shrewdest property players out there.

Unregistered
26-03-07, 14:11
CityDev may also know something about that cos they just bought The Albany and Hock <something> Tower. Kwek and Wee are 2 of the shrewdest property players out there.

Actually it is Lock Cho Apartments and Comfort Mansion. Probably will amalgamate the sites together for a big plot. Now that CDL are in there, as UOL and Soilbuild already are, won't be long before more developers come in for a piece of the pie after supply in the more 'prime' areas are gone.

Unregistered
27-03-07, 13:22
Pav 11 is more Balestier than Novena. The name is misleading.

Unregistered
02-04-07, 17:27
Pavilion is almost sold out. Left one unit.

Unregistered
03-04-07, 21:29
Pavilion 11 is fully sold out.

joe
09-04-07, 18:42
SALE OF PROPERTY UNIT TO AN "INTERESTED PERSON"

Unregistered
09-07-07, 00:18
Dear all,

Pavilion 11 unit for sale.

3brm - 1485sqft.
Low floor. Stack 03.
Asking only 1050psf nego.

Interested investors, pls reply through this thread.

Rgds.

Unregistered
10-07-07, 14:50
Hi which floor are you talking abt?
pls reply via this post?

Unregistered
17-07-07, 11:02
my 2-cts worth:
Novena is a severely undervalued area.. just take a step back and look at the relative valuation -- Newton, 1 MRT station away, 2 mins drive down, asking for S$2,000psf now; just a month back, Novena still can get S$1000psf. Now at most S$1200-1300psf. Further, there is NO amenities at Newton MRT besides Newton Circus -- while Novena has supermarkets, foodcourts, restaurants, pharmacies, boutiques at Novena Square, Velocity, United Square, cinemas at Shaw Plaza, lots of good local food at Balestier.

Accessibility-wise, one straight road down Newton Road and u hit Orchard; one road down Balestier then Lavender all the way and u can turn into Beach Road/CBD -- either way don't have to go on the highway and get jammed on CTE or PIE. Orchard in 7 mins (MRT or car) and CBD in 10. Best of both worlds.

Gripes: near TTSH, CDC : mitigating factors: low-rise and widely spread out, serene and quiet; 24-hr ER nearby; medical tourism can boost rents
near balestier : mitigating factors: low rise, good food (especially Ba kut teh!), no HDB, nearby Shaw Plaza has cinema theatres where 100% sure to get tickets... Bonus: if it gets cleaned up, it can become a Nottinghill...

Unregistered
17-07-07, 14:00
my 2-cts worth:
Novena is a severely undervalued area.. just take a step back and look at the relative valuation -- Newton, 1 MRT station away, 2 mins drive down, asking for S$2,000psf now; just a month back, Novena still can get S$1000psf. Now at most S$1200-1300psf. Further, there is NO amenities at Newton MRT besides Newton Circus -- while Novena has supermarkets, foodcourts, restaurants, pharmacies, boutiques at Novena Square, Velocity, United Square, cinemas at Shaw Plaza, lots of good local food at Balestier.

Accessibility-wise, one straight road down Newton Road and u hit Orchard; one road down Balestier then Lavender all the way and u can turn into Beach Road/CBD -- either way don't have to go on the highway and get jammed on CTE or PIE. Orchard in 7 mins (MRT or car) and CBD in 10. Best of both worlds.

Gripes: near TTSH, CDC : mitigating factors: low-rise and widely spread out, serene and quiet; 24-hr ER nearby; medical tourism can boost rents
near balestier : mitigating factors: low rise, good food (especially Ba kut teh!), no HDB, nearby Shaw Plaza has cinema theatres where 100% sure to get tickets... Bonus: if it gets cleaned up, it can become a Nottinghill...

Talk kok lar you. Nottinghill? Are you local, what garbage.

Newbie Homebuyer
06-08-08, 12:22
an agent offered me a unit a couple of weekends ago. 1200 psf. told him nuts! 1200 psf i believe can get Parc Emily and maybe Park Infinia even.

and this one has no gym! where would the maintenance fees go to, i wonder..

primeboy
06-08-08, 17:51
I read somewhere online that the living room is not marble flooring, only homogeneous tiles. Remembered that only because I hardly know any decent condo that offers homogeneous tiles for living room flooring in this day and age.

So, no gym and no marble flooring. All I can say is that UOL made big bucks...:-)

keane
07-08-08, 15:31
P11 Owners are asking for unrealistic price for so so quality condo, news that coming sept/oct, owners need to pay additional 10%, the rest 70% at TOP - which will be quite soon. The project will be ready by mid 2009 and maybe earlier.

Nicolas
07-08-08, 16:50
U mean now we have to pay upfront 30%?? Is this news reliable?

keane
07-08-08, 17:30
It coming from developer, Property executive in charge told me. Most sellers are trying to offload the unit to avoid further paying 10%. So it hold and wait for the to-be-buyers.

The site main contractor - China Construction states completion date Mid 2009, subcontractors working on site say will be ready by 1Q 2009.

jonni
08-08-08, 11:49
Can they anyhow decide how much to pay upfront? I always thought you pay 20% and the remaining 80% on TOP? Does that mean additional borrowing costs since the bank loan starts earlier?

keane
08-08-08, 13:54
Can check with UOL, for P11 it 20% down and 10% halfway (Sept/Oct 08) and final 70% on TOP. For subsale, buyer will need to pay 30% + profits and rest at TOP. Current owner-speculators trying to offload before the 10% kick in...

Newbie Homebuyer
08-08-08, 14:19
I read somewhere online that the living room is not marble flooring, only homogeneous tiles. Remembered that only because I hardly know any decent condo that offers homogeneous tiles for living room flooring in this day and age.

So, no gym and no marble flooring. All I can say is that UOL made big bucks...:-)

Sure or not, i think i saw some adverts online where they said marble flooring... if true, quite sad. 1200 psf for tiles. How much is it to have contractor come in to re-do the flooring in marble anyway... mebbe can build that into purchase costs. But no gym... dunno how to rent out liao..

keane
11-08-08, 14:53
Got the brochure - stated tiles, but there is a small gym. Owners are still holding their prices, the developer will ask for another 10% soon....

Newbie Homebuyer
11-08-08, 15:21
Sorry, what are stated tiles.... sounds like something for the garden... is this for the living room?

Are you sure that is a gym and not the outdoor fitness centre? I checked the site plan previously. Does the brochure mention an-indoor gym? Outdoor fitness centre is just a few poles for you to swing around...

keane
12-08-08, 08:37
It porcelain tiles with painted timber skirting on living, dining, foyer, kitchen, Bedroom with timber strip..... only penthouse get marble tiles.... There is an indoor gym, beside the pool, in brochure it states the material used on gym flooring.

Which stack you are looking at? 1485 or 958?

Newbie Homebuyer
12-08-08, 09:44
It porcelain tiles with painted timber skirting on living, dining, foyer, kitchen, Bedroom with timber strip..... only penthouse get marble tiles.... There is an indoor gym, beside the pool, in brochure it states the material used on gym flooring.

Which stack you are looking at? 1485 or 958?

Was looking for a 1485 with the other agent ... no particular stack. Was turned off by the $1200 asking price.

Real Estate Pundit
12-08-08, 22:43
Caveats for Pavillion 11 the last 10 months, as requested by a member of this forum;

Unit, #__sqft___$psf____Price,$______Contract date

26-0X__1485__1060___$1,574,100___18 Jun 2008
21-0X__958___1180___$1,130,000___17 Jun 2008
11-0X__958___1044___$1,000,000___21 May 2008
10-0X__958___1050___$1,005,900___24 Mar 2008
09-0X__958___923____$884,640____04 Mar 2008
18-0X__958___1059___$1,015,000___28 Feb 2008
22-0X__958___1275___$1,221,450___15 Jan 2008
08-0X__1485__851____$1,263,315___11 Dec 2007
09-0X__958___992____$950,000____11 Dec 2007
03-0X__1485__840____$1,248,000___03 Dec 2007
11-0X__1485__1145___$1,700,000___13 Nov 2007
23-0X__1485__1280___$1,900,800___13 Nov 2007
14-0X__1485__889____$1,320,000___30 Oct 2007
16-0X__1485__1190___$1,767,150___23 Oct 2007

keane
13-08-08, 08:28
TQ, interested in 2 bedded 958sqft, agents quoted price range from 980-1100psf. Different price for Stack 6 and 2, stack 6 is facing pool while stack 2 overlook the city. Directly opp P11 another development coming up, land cleared and surely noisy when construction starts.

The project will probably TOP end 1Q 2009 by looking at the construction progress, owners need to fork out another 10% coming sept/oct. Still have 7 more months to decide, no rush. By then economy good or bad will be clear shown.

Interested Buyer
31-08-08, 17:57
Anyone got stack 7 unit to sell. i looking at 900psf. pls pm me if anyone have ready seller. i am interested to buy but i can wait if the price is too high because it is the buyers' market now. Thanks!

Interested Buyer 2
01-09-08, 18:14
Me too! Anyone got stack 7 unit to sell. i looking at 750psf. pls post here if anyone have ready seller. i am interested to buy but i can wait if the price is too high because it is the "buyers' market" now. So tell seller to let go at whatever I dictated. Thanks!

to the pp fool
01-09-08, 19:39
don't be a ****ing fool. $750psf you can try geylang.

Mah BT
01-09-08, 20:14
Even Geylang already transacted at $1,000 psf recently. You should go to Pasir Ris for $750 psf.

We know you can wait but the prices may not. If you don't buy this year, then you probably need to end up settling on the HDB rental waiting list. Good luck.

Unregistered2
18-09-08, 21:48
Even Geylang already transacted at $1,000 psf recently. You should go to Pasir Ris for $750 psf.

We know you can wait but the prices may not. If you don't buy this year, then you probably need to end up settling on the HDB rental waiting list. Good luck.

Hahaha, think you are simply too optimistics. With Lehman Brothers failing, credit crisis issue and liquidity issues in US, manufacturing down by 13.8% and GDP revised growth of less than 4% for Singapore, do you think the property price will hold at this level.

We are technically in a recession now because our growth now is lesser than inflation rate. Good luck to those who still dont want to dispose off their unit. Even Alan Greenspan this crisis is worse than the Great Depression. If you dont dispose now, you might have to see value falling quickly........

Hunter1
18-09-08, 22:24
Hahaha, think you are simply too optimistics. With Lehman Brothers failing, credit crisis issue and liquidity issues in US, manufacturing down by 13.8% and GDP revised growth of less than 4% for Singapore, do you think the property price will hold at this level.

We are technically in a recession now because our growth now is lesser than inflation rate. Good luck to those who still dont want to dispose off their unit. Even Alan Greenspan this crisis is worse than the Great Depression. If you dont dispose now, you might have to see value falling quickly........

Think not every development will drop their prices across the board. Was told when I was looking that many units in this development are held by "strong hands".. "long term buyers". Maybe cos it is iconic in that area...

Unregistered2
19-09-08, 12:31
Think not every development will drop their prices across the board. Was told when I was looking that many units in this development are held by "strong hands".. "long term buyers". Maybe cos it is iconic in that area...

True, but no matter how strong your hands are, when u see global economy is coming down and your other investments is losing value, u will just need to let go. Some may have to sell assets to top up margin call from their investment. No one can escape a economy slow down. A strong hand will also become a weak hand if they dont do some re-balancing and cut loss.

Hunter1
19-09-08, 16:23
That is true for property in general. But I was told for this development, not so easy for prices to fall compared to others... at the end of the day, it is a limited commodity. There are only so many units. So I started looking elsewhere.

Real Estate Pundit
24-09-08, 11:16
Caveats for Pavillion 11 the last 10 months, as requested by a member of this forum. The latest caveats lodged in red;

Unit, #__sqft___$psf____Price,$______Contract date

03-02__958___968____$927,344_____08 Sep 2008
02-03__1485__900____$1,336,000___04 Sep 2008
02-03__1485__896____$1,330,000___14 Aug 2008
02-03__1485__837____$1,243,000___02 May 2007 this caveat provided for comparison to the 2 caveats above
06-02__958___970____$929,260_____04 Jul 2008
12-02__958___1023___$980,000_____23 Jun 2008
26-0X__1485__1060___$1,574,100___18 Jun 2008
21-0X__958___1180___$1,130,000___17 Jun 2008
11-0X__958___1044___$1,000,000___21 May 2008
10-0X__958___1050___$1,005,900___24 Mar 2008
09-0X__958___923____$884,640____04 Mar 2008
18-0X__958___1059___$1,015,000___28 Feb 2008
22-0X__958___1275___$1,221,450___15 Jan 2008
08-0X__1485__851____$1,263,315___11 Dec 2007
09-0X__958___992____$950,000____11 Dec 2007
03-0X__1485__840____$1,248,000___03 Dec 2007
11-0X__1485__1145___$1,700,000___13 Nov 2007
23-0X__1485__1280___$1,900,800___13 Nov 2007
14-0X__1485__889____$1,320,000___30 Oct 2007
16-0X__1485__1190___$1,767,150___23 Oct 2007


Unit 02-03 shows a very interesting transaction. How much $$ would the 14 August buyer have lost in 2.5 weeks?

Unregistered1
24-09-08, 11:59
fwah, kena flipped 3 times... are these caveats lodged for the option to purchase or for the actual sale? mebbe just didn't exercise option since it is such a short period of time of 2.5 weeks. Lose only 1% then?

Real Estate Pundit
24-09-08, 12:22
fwah, kena flipped 3 times... are these caveats lodged for the option to purchase or for the actual sale? mebbe just didn't exercise option since it is such a short period of time of 2.5 weeks. Lose only 1% then?

$13,300 is a lot of bread to throw away :)

toaler
24-09-08, 22:00
$13,300 is a lot of bread to throw away :)

maybe he bery rich

123
30-09-08, 12:32
fwah, kena flipped 3 times... are these caveats lodged for the option to purchase or for the actual sale? mebbe just didn't exercise option since it is such a short period of time of 2.5 weeks. Lose only 1% then?

I suspect could be a case of 1st buyer flipped to 2nd buyer because cannot raise sufficient funds for the purchase?

Unregistered1
03-10-08, 15:29
Saw this development. Looks quite impressive. Looks quite advanced in construction. Any idea when TOP is expected?

Actually, how do you tell when TOP is expected for any development? I was told the official TOP date they tell you at the showflat is usually very conservative and the development usually will TOP before that so cannot rely on that anymore. Then how do you tell?

J-Dog
12-10-08, 11:07
Well, I am interested to see what happens when developer sends TOP notice to pay 70% in few weeks and for those who has not had the loan arranged it is going to be disastrous day. The Banks are so tight now given loans out .. Realistically , I do not think I would pay more then 800psf in that area.. I guess I will wait till TOP notice when all rush to the market to sell their units.. so I can buy at realistic and reasonable price..
If anyone wants to sell at 800psf let me know I can do it quick . either 2 bed, 3 bed or a pent.
Cheers:)

Wow
12-10-08, 16:16
Well, I am interested to see what happens when developer sends TOP notice to pay 70% in few weeks and for those who has not had the loan arranged it is going to be disastrous day. The Banks are so tight now given loans out .. Realistically , I do not think I would pay more then 800psf in that area.. I guess I will wait till TOP notice when all rush to the market to sell their units.. so I can buy at realistic and reasonable price..
If anyone wants to sell at 800psf let me know I can do it quick . either 2 bed, 3 bed or a pent.
Cheers:)

Hi,

Me too want to buy a unit there. Anyone around 800-900 can pm me, i willing to offer the cheque for 3 rooms.

UnregĄstered
12-10-08, 17:43
Hi,

Me too want to buy a unit there. Anyone around 800-900 can pm me, i willing to offer the cheque for 3 rooms.
Aiyah! Now then say.
Already sold that The Quartz unit at $830psf lah.
Anyway, I will find another unit for you.

Good news!!!
12-10-08, 17:58
Recession was a april fools joke. tommorow everything back

to normal, relax everyone. MBS2 tommorow launching at

$5000psf, all new hdb units will be sold at $1000psf.

Everyone rejoice.

Unregistered1
12-10-08, 21:17
Well, I am interested to see what happens when developer sends TOP notice to pay 70% in few weeks and for those who has not had the loan arranged it is going to be disastrous day. The Banks are so tight now given loans out .. Realistically , I do not think I would pay more then 800psf in that area.. I guess I will wait till TOP notice when all rush to the market to sell their units.. so I can buy at realistic and reasonable price..
If anyone wants to sell at 800psf let me know I can do it quick . either 2 bed, 3 bed or a pent.
Cheers:)

actually, you would be surprised. Singapore banks are still lending well. so owners are unlikely to sell because they cannot get loans... if they sell, its more because of job losses etc which will only hit us a few months down the road.

J-Dog
12-10-08, 23:22
Ha-ha, Do not think so .. Look at some premier units at river value and Newton , they are all down from $2,200 psf to $1,400 - 1,600 psf and no body buying them.. Take any project which comes to TOP and see how many owners are desperately trying to sell competing each others .. jobless rate goes higher with everyday, ppl unwilling to spend money , and more to it .. now it makes more sence to convert S$ to Ozzi at 0.90 and buy there , more money to be made .. Singapore has to go down for a few years now.. So I am very sure The Pavillion will go down to below developer's cost .. $750-800 and you would be lucky to sell before the keys are out caz those dudes who do not realise there is no marble there may buy that .. whereas after viewing tell me who would pay Condo price for "HDB" tiles on the floor and do not forget that's ballestier which is hated area !!

UnregĄstered
13-10-08, 13:23
Ha-ha, Do not think so .. Look at some premier units at river value and Newton , they are all down from $2,200 psf to $1,400 - 1,600 psf and no body buying them.. Take any project which comes to TOP and see how many owners are desperately trying to sell competing each others .. jobless rate goes higher with everyday, ppl unwilling to spend money , and more to it .. now it makes more sence to convert S$ to Ozzi at 0.90 and buy there , more money to be made .. Singapore has to go down for a few years now.. So I am very sure The Pavillion will go down to below developer's cost .. $750-800 and you would be lucky to sell before the keys are out caz those dudes who do not realise there is no marble there may buy that .. whereas after viewing tell me who would pay Condo price for "HDB" tiles on the floor and do not forget that's ballestier which is hated area !!
... you seem to wish that your house value could go down ...

J-Dog
13-10-08, 18:35
Actually, it is very healthy when the market swings like this.. You should not really care "If your house value going down" providing you stay in your house yourself .. But in this uncertain times it creates greatest opportunities, we always need some fools who buy on the wave at high price, so then when it crashed we can buy cheap .. ppl who borrow money out of thier credit cards to pay 15% deposit hoping they will flip making a Mill in no time must be damn mad .. they will lose last pants when the buble burst.. Take my words Pavillion will go to 800psf very soon .. I know a lot of folks who bought on borrowed deposits there.. if you one of them better sell off quick and cut the losses while you can still sell 850psf

Unregistered1
13-10-08, 22:02
.. I know a lot of folks who bought on borrowed deposits there.. if you one of them better sell off quick and cut the losses while you can still sell 850psf

How do you know? You sound like someone trying to influence the market very desperately...

Unregistered123
13-10-08, 22:55
Get lost. You cant even afford if its 600 psf.
So why try to be a cheapo here?


Actually, it is very healthy when the market swings like this.. You should not really care "If your house value going down" providing you stay in your house yourself .. But in this uncertain times it creates greatest opportunities, we always need some fools who buy on the wave at high price, so then when it crashed we can buy cheap .. ppl who borrow money out of thier credit cards to pay 15% deposit hoping they will flip making a Mill in no time must be damn mad .. they will lose last pants when the buble burst.. Take my words Pavillion will go to 800psf very soon .. I know a lot of folks who bought on borrowed deposits there.. if you one of them better sell off quick and cut the losses while you can still sell 850psf

K-Cat
13-10-08, 23:36
Actually, it is very healthy when the market swings like this.. You should not really care "If your house value going down" providing you stay in your house yourself .. But in this uncertain times it creates greatest opportunities, we always need some fools who buy on the wave at high price, so then when it crashed we can buy cheap .. ppl who borrow money out of thier credit cards to pay 15% deposit hoping they will flip making a Mill in no time must be damn mad .. they will lose last pants when the buble burst.. Take my words Pavillion will go to 800psf very soon .. I know a lot of folks who bought on borrowed deposits there.. if you one of them better sell off quick and cut the losses while you can still sell 850psf
You wanna buy at $850psf?
Aiyah! Wasted!

I just sold The Quartz in D19 at $832psf about a month ago.
I will find you another TQ unit.

J-Dog
13-10-08, 23:38
Ha-ha-ha , $600 my ass .. you get lost yourself .. I have more then a few properties that you would possibly never dreamt of , but this is irrelevant ..
All I',m saying Pavillion II should be no more then $800 now .. This is how much I would pay for a very long term holding !!! For those who have no power to hold better sell and cut losses before it gets worth , this is what I am saying ... :scared-5:

UnregĄstered
13-10-08, 23:44
Actually, it is very healthy when the market swings like this.. You should not really care "If your house value going down" providing you stay in your house yourself .. But in this uncertain times it creates greatest opportunities, we always need some fools who buy on the wave at high price, so then when it crashed we can buy cheap .. ppl who borrow money out of thier credit cards to pay 15% deposit hoping they will flip making a Mill in no time must be damn mad .. they will lose last pants when the buble burst.. Take my words Pavillion will go to 800psf very soon .. I know a lot of folks who bought on borrowed deposits there.. if you one of them better sell off quick and cut the losses while you can still sell 850psf

You wanna buy at $850psf?
Aiyah! Wasted!

I just sold The Quartz in D19 at $832psf about a month ago.
I will find you another TQ unit.
TQ in D19 is selling at $800psf.
J-Dog is buying Pavillion in D11 at $800psf.

Either J-Dog is mad or the market is mad.

A Liar
13-10-08, 23:50
TQ in D19 is selling at $800psf.
J-Dog is buying Pavillion in D11 at $800psf.

Either J-Dog is mad or the market is mad.
J-Dog is just a Con Dog, trying to bullshit the forumers here. The example above is too obvious.

J-Dog
13-10-08, 23:54
I could be mad but I think you more mad then me , why don't you buy then somewhere in JB if you like location of TQ ? you can not compare !! TP is only 10 mins or 2 MRTs away from Ochard versus TQ ???

Big Con
14-10-08, 06:42
At least, all of us are agreement that J-Dog is a con-dog. Braggard as well..


J-Dog is just a Con Dog, trying to bullshit the forumers here. The example above is too obvious.

Anti-Maddog
14-10-08, 15:35
At least, all of us are agreement that J-Dog is a con-dog. Braggard as well..
Con Dog nice to eat. Where is that A&W? Disappear?

Unregistered1
14-10-08, 18:37
How do you know? You sound like someone trying to influence the market very desperately...

Funny, he say so many things but never answer my question above ... how does he know?

UnregĄstered
15-10-08, 00:00
Funny, he say so many things but never answer my question above ... how does he know?
Wah lau!
Ask J-Dog so difficult question! He won't know what. He's just trying to con everyone here.

J-Dog
15-10-08, 09:01
How do I know ? You just wait and see !! If now ppl selling at 850psf I dare you in Febryary-March there will be a lot of happy folks to sell 800 .. and when TOP comes some of you will shit your pants as no money to pay .. Caz now you can buy Rivergate at Clark Quay for 1300psf , why some one pay more then 900 for Ballestier ?? :scared-1:

A Liar
15-10-08, 10:31
How do I know ? You just wait and see !! If now ppl selling at 850psf I dare you in Febryary-March there will be a lot of happy folks to sell 800 .. and when TOP comes some of you will shit your pants as no money to pay .. Caz now you can buy Rivergate at Clark Quay for 1300psf , why some one pay more then 900 for Ballestier ?? :scared-1:
OK OK! I believe now.
J-Dog is really a Con Dog!

He's trying to con everyone here that D11 price should be same as D19.

You wanna buy at $850psf?
Aiyah! Wasted!

I just sold The Quartz in D19 at $832psf about a month ago.
I will find you another TQ unit.

TQ in D19 is selling at $800psf.
J-Dog is buying Pavillion in D11 at $800psf.

Either J-Dog is mad or the market is mad.

UnregĄstered
15-10-08, 10:33
OK OK! I believe now.
J-Dog is really a Con Dog!

He's trying to con everyone here that D11 price should be same as D19.
No biggie! Next that ConDog will tell you D11 price should be the same as HDB flats.

Unregistered1
15-10-08, 10:47
How do I know ? You just wait and see !! If now ppl selling at 850psf I dare you in Febryary-March there will be a lot of happy folks to sell 800 .. and when TOP comes some of you will shit your pants as no money to pay .. Caz now you can buy Rivergate at Clark Quay for 1300psf , why some one pay more then 900 for Ballestier ?? :scared-1:

I looked at your response very carefully.... and still don't see your answer to the question. How do you know a lot of people in this development bought on borrowed deposits? If you cannot back this up, then you are just talking rubbish to influence the market. Sure, the market may fall later due to economic conditions but you are desperately trying to influence prices here ... scared will not fall for you to buy?

J-Dog
15-10-08, 17:33
Ha-ha-ha , you admit the market will fall .. sure will fall , let's the time be the judge .. Wait and see , I told you I am not keen to buy there, why would I buy Ballestier condo wth no marble and no Gym at 800psf ?? I wanted to buy initially but not at 800psf for lousy project .. I'd better wait and buy D9 at around 1,100 next year .. Also , The Ansley will be selling back for around 1000psf very soon which far better project with tennis court and great facilities and "Marble" floor !!! :D

Unregistered1
15-10-08, 18:43
Ha-ha-ha , you admit the market will fall .. sure will fall , let's the time be the judge .. Wait and see , I told you I am not keen to buy there, why would I buy Ballestier condo wth no marble and no Gym at 800psf ?? I wanted to buy initially but not at 800psf for lousy project .. I'd better wait and buy D9 at around 1,100 next year .. Also , The Ansley will be selling back for around 1000psf very soon which far better project with tennis court and great facilities and "Marble" floor !!! :D

I said "may" fall. I think no one can rule that out cos no one knows how long more the economic crisis will last. I think I'm objective here. What is there for time to judge? Wait and see what? What we want to hear from you is how do you know a lot of people in this development bought on borrowed deposits.

UnregĄstered
16-10-08, 00:09
Ha-ha-ha , you admit the market will fall .. sure will fall , let's the time be the judge .. Wait and see , I told you I am not keen to buy there, why would I buy Ballestier condo wth no marble and no Gym at 800psf ?? I wanted to buy initially but not at 800psf for lousy project .. I'd better wait and buy D9 at around 1,100 next year .. Also , The Ansley will be selling back for around 1000psf very soon which far better project with tennis court and great facilities and "Marble" floor !!! :D
See!
Told you guys this Con Dog is trying to con others.

Buy D9 at D14 price?
Buy D11 at D19 price?

Why not say buy D9 at HDB price?

This Con Dog is talking cock.

real investor
16-10-08, 03:43
rivergate is not really at clark quay. it is more of a river valley property. and $1300psf is lousy unit, low floor with no view to speak of. I know cos I have enquired.

UnregĄstered
16-10-08, 11:16
You wanna buy at $850psf?
Aiyah! Wasted!

I just sold The Quartz in D19 at $832psf about a month ago.
I will find you another TQ unit.
Hello TQ salesman or K-Cat or whatever:

What is happening in TQ?
Why it keep breaking records?

Simple answer and no bullshit please!

Private Residential Units Sold in the Month of September 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Quartz ....... OCR ....... 6 ............................... 841 ................ 738 ............... 694

OMG!
TQ has just broken its August record high of $832psf with a new record high of $841psf.
What's going on?

Newbie Homebuyer
17-10-08, 17:18
The URA website shows quite a few transactions recently... is TOP coming? Prices seem to hold pretty well. 900+ psf for low floors and 1000+ psf for others.

RegĄstered
17-10-08, 18:50
The URA website shows quite a few transactions recently... is TOP coming? Prices seem to hold pretty well. 900+ psf for low floors and 1000+ psf for others.
Wah! Quite cheap leh.

Freehold Pavilion in D11 is quite cheap compared to D19 99-leasehold.

Private Residential Units Sold in the Month of September 2008

Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Kovan Residences . OCR ....... 4 ............................... 964 ................ 940 ............... 860

Wow!
KR has just broken August record high of $954psf with this new record high of $964psf.
Bravo!

UnregĄstered
18-10-08, 00:01
Wah! Quite cheap leh.

Freehold Pavilion in D11 is quite cheap compared to D19 99-leasehold.
Don't compare with D19 please.
Try comparing with D4 instead.


Private Residential Units Sold in the Month of September 2008

Project Name ................ Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Reflections @ Keppel Bay . RCR ........ 8 ............................... 2,367 ............. 2,086 ........... 1,695

Wow! $2,367psf!

J-Dog
18-10-08, 00:04
there are some $850 psf transaction , but those are few month back transaction , do not mix August market situation with current panic and depression , wait for the next year , it will hit hard .. :(( .. We saw some big cities us properties in the news down from US$200k to $4k and no one buying .. lots of repossessions e.t..c :scared-3: :scared-1:

RegĄstered
18-10-08, 00:09
Wow!
KR has just broken August record high of $954psf with this new record high of $964psf.
Bravo!
Unbelievable!
99-year-leasehold in D19 setting a new high of $964psf in September.

unregister1
18-10-08, 01:11
there are some $850 psf transaction , but those are few month back transaction , do not mix August market situation with current panic and depression , wait for the next year , it will hit hard .. :(( .. We saw some big cities us properties in the news down from US$200k to $4k and no one buying .. lots of repossessions e.t..c :scared-3: :scared-1:

Woof! Woof! J-dog going around to talk down the market again!

toaler
18-10-08, 08:02
Woof! Woof! J-dog going around to talk down the market again!

there's no need to talk down the market currently.it's going down already

J-Dog
18-10-08, 09:16
Look at the news paper my friend !! The headlines like this all over the paper
- "No Bonuses this year"
- "Restaurant attendence down 40%"
- " People switching to cheap food courts and home coocking"
- " Constructions Frozen"
- "Retail Sales are 60% down"
- "People are loosing their jobs" Blah,blah, blah ...
- " Companies closing down" :scared-5:

So tell me where the hell the market is going with those headlines ???
Your Pavillion is gonna be $700 psf by April next year !! :scared-1: :eek:

IBD
20-10-08, 11:12
Look at the news paper my friend !! The headlines like this all over the paper
- "No Bonuses this year"
- "Restaurant attendence down 40%"
- " People switching to cheap food courts and home coocking"
- " Constructions Frozen"
- "Retail Sales are 60% down"
- "People are loosing their jobs" Blah,blah, blah ...
- " Companies closing down" :scared-5:

So tell me where the hell the market is going with those headlines ???
Your Pavillion is gonna be $700 psf by April next year !! :scared-1: :eek:
Buying at $700psf?
Livia in Pasir Ris is for you.
At $702psf to $646psf, it is well within your budget.


Private Residential Units Sold in the Month of September 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Livia ................. OCR ....... 9 ............................... 702 ................ 677 ............... 646

J-Dog
20-10-08, 17:51
Now you can buy River Gate for 1300 psf , who would pay more then 700psf for lousy Ballestier area ?? , next to skin communitive desease centre ... Yaaak.. Just wait untill April and see .. :scared-1: :scared-3: :( :eek: :banghead:

cannot tahan
20-10-08, 20:32
http://www.tnp.sg/news/story/0,4136,180640,00.html?


FIRE SALE: OWNERS DUMP CONDOS
Agents: Some clients give as much as 20 per cent discount
By Elysa Chen

October 20, 2008

FOR sale: Luxurious multi-million-dollar apartments, not quite for a steal, but with a hefty discount.

Stock market losses have forced some property owners to resort to 'fire sales' for a quick return to liquidity.

And because the property market is almost flat, they have had to let go of their property at huge discounts.

Property agent Henry Neo receives one SMS a day from different clients asking him to sell their homes.

Mr Neo, who has been a property agent for close to 20 years, said: 'The Asian financial crisis of 1997 and this crisis are real challenges.

'It's a tsunami of the stock market.'

Two or three of the 50 clients he is servicing now are what he calls 'desperados' - people who had their fingers burnt so badly in the stock market they need to sell their houses.

The situation is worse for those who opted for deferred payment schemes, said Mr Neo, because some are no longer eligible for loans, and cannot meet payments once the developers issue the Temporary Occupation Permit (TOP).

'They have to get rid of their properties before TOP, so they would be giving even more discounts.'

Noting that the high-end property market seems to be hit the hardest, Mr Neo said: 'My colleagues who specialise in high-end properties are not doing well. They do not have any transactions at all.'

Mr David Cheang, senior vice-president of the Resale Division at HSR Property Group, noted that two out of every 10 clients are affected by the stock market crash, and are selling their property investments to 'get more liquidity'.

A property agent who declined to give his full name said one of his clients had made such losses on the stock market that he was selling his 27th floor freehold apartment at the Twin Regency for a mere $1.05 million, though its market price is $1.3 million.

Last year, he had sold another unit, on the 29th floor of the same condominium, for $1.4 million.

It is the same story for Mr Felix Young, 35, a property agent specialising in high-end condominiums. Some of his clients are prepared to go as low as 20 per cent below their offer price.

He had taken out an advertisement for five properties, all high-end condominium units in the city.

Apartments at The Sail at Marina Bay, which were going for $2,000 psf are now being offered for sale at $1,450 psf, said Mr Young.

But even such a huge discount is failing to entice buyers, who are asking for $1,100 psf. That is because even with such discounts, the two-room apartment costs about $1.3 million.

In the current climate, not many people would be able to shell out that kind of money because they could be sitting on huge paper losses in the stock market.

Mr Young said: 'Buyers have the sentiment that the property market will cool even more, and prices will drop further.'

And because of this, said Mr Young, there has been a significant drop in transactions - up to 70 per cent for high-end properties that people buy for investments.

Most buyers also know developers' launch price for the condominiums and are holding out until they can get a unit at that price.

He said: 'These days, when buyers call me, they ask me if I have any owners who are 'bleeding'.'

Bleeding is a term that is used to describe owners who over-committed themselves financially and need to sell their properties in a hurry.

Mr Young said: 'Many of my clients' bank loans are kicking in soon, so they need to release the properties quickly, before TOP.

'They are stuck because they can neither sell their property, nor rent it out to cover their mortgages, as the rental market has slowed down a lot.'

J-Dog
21-10-08, 09:44
****ing Hell , this is very depressing for some owners , missed their boats when the market was high and now screwed up having to sell at a huge loss .. See this is what I told you in a very early stage of all that , forget your Pavillion at even 750psf , peopl are not stupid , can buy Sail now for 1,100 psf !!! yOUR Pavillion is 600psf now :scared-1:

Interested
21-10-08, 11:39
****ing Hell , this is very depressing for some owners , missed their boats when the market was high and now screwed up having to sell at a huge loss .. See this is what I told you in a very early stage of all that , forget your Pavillion at even 750psf , peopl are not stupid , can buy Sail now for 1,100 psf !!! yOUR Pavillion is 600psf now :scared-1:
Wah! Freehold Pavillion same psf as HDB flats? Where to find? Can buy man! Can pass me the contact?

Time for 80% to stay in condos and 20% to stay in HDB flats. Yes!

Fúck You
21-10-08, 11:41
http://www.tnp.sg/news/story/0,4136,180640,00.html?

....................

'They are stuck because they can neither sell their property, nor rent it out to cover their mortgages, as the rental market has slowed down a lot.'[/b]
Asshole, be considerate!
Don't post the same message everywhere!
Do you want us to post our same message everywhere?

What?
21-10-08, 11:43
Wah! Freehold Pavillion same psf as HDB flats? Where to find? Can buy man! Can pass me the contact?

Time for 80% to stay in condos and 20% to stay in HDB flats. Yes!
Do you think it will happen?

Imagine C&C starts selling their MB E350 at the price of Hyundai Genesis 3.8. Everyone will go for the E350 man! Will C&C sell E350 at Genesis 3.8 price?

Ge˙lang 0KT
21-10-08, 11:44
Asshole, be considerate!
Don't post the same message everywhere!
Do you want us to post our same message everywhere?
hi forumers, ignore the few to-and-fro nonsensical posts above from me. i still can't get over the Novena dumbass that bonked my mother FOC. Please give me my medicine......:banghead:

Interested
21-10-08, 11:45
Do you think it will happen?

Imagine C&C starts selling their MB E350 at the price of Hyundai Genesis 3.8. Everyone will go for the E350 man! Will C&C sell E350 at Genesis 3.8 price?
That's why I say all will stay in condos. Only a few will stay in HDB flats.

Fedup!
21-10-08, 11:46
hi forumers, ignore the few to-and-fro nonsensical posts above from me. i still can't get over the Novena dumbass that bonked my mother FOC. Please give me my medicine......:banghead:
for heaven sake, get lost !!

What?
21-10-08, 11:47
That's why I say all will stay in condos. Only a few will stay in HDB flats.
OK. Why don't you sell your condo to me at HDB price? I will buy.

Interested
21-10-08, 11:47
OK. Why don't you sell your condo to me at HDB price? I will buy.
But why should I sell my condo to you at HDB price?

Happy Feet
21-10-08, 12:12
Asshole, be considerate!
Don't post the same message everywhere!
Do you want us to post our same message everywhere?
Don't argue over a TNP article lah.
Why not go for a holiday and enjoy yourself?


http://www.tnp.sg/mnt/static/image/images/mast_04.gif
Recession? What recession?
The New Paper
Jazmin Kelly Six
Friday, 17 October 2008

http://travel.asiaone.com/A1MEDIA/travel/10Oct08/images/20081019.174051_20081019-tnp-sporetrav-a.jpg

It may be turbulent times for the economy, but Singaporeans are still taking to the skies.

The travel industry has registered an increase of 15 to 30 per cent annual growth.

For many Singaporeans, overseas holidays are no longer a luxury but have become a lifestyle habit.

Senior vice-president marketing and PR of CTC Holidays, Ms Alicia Seah, said: 'Travel is already part of our lifestyle, it is the fundamental fabric to freedom.'

In response to a successful National Association of Travel Agents Singapore (Natas) fair in August, Mr Robert Khoo, CEO of Natas, said: 'Despite Singapore's rising costs in food and transportation, Singaporeans are saving to travel.'

Record visitors

This enthusiasm was evident at the three-day fair where a record 65,583 visitors snapped up about $60million worth of travel packages, Natas said.

Regional business development manager Erik Hon, 29, has not let his wings be clipped by the financial meltdown.

He has already visited Hong Kong, Bangkok, Paris, Poland, Czech Republic and Slovakia this year alone. Come next January, he will be heading to Thailand for a short holiday and then to London, Amsterdam and eastern Europe next May.

Mr Hon said: 'I want to pamper myself every quarter... and feel the vibe of another city.'

As long as his bills are paid and has monthly savings set aside, travelling will be an essential he won't give up, he said.

On top of being avid travellers, Singaporeans like Mr Hon are also becoming more discerning. They do not mind paying a little more for comfort and a good time.

Miss Eileen Oh, vice-president leisure of UOB Travel Planners, said: 'We see more value-conscious consumers today than cost-conscious ones.'

As opposed to settling for a bare-bones of a holiday package, more consumers would gladly top up amounts ranging from '$50 to $500' to savour an enhanced holiday experience, Miss Oh added.

She also noted that Singaporeans are always on the lookout for good deals and 'tend to go where the currency favours'. This explains the spike in demand this year for destinations such as the US and, most recently, Australia.

Travel agencies we spoke to said they have been getting bookings for year-end travel from July.

Some tour operators even reported a sellout of over 70 per cent of their packages. Even after the stock markets started seeing red two weeks ago, most tour operators said they have not received cancellations.

Popular destinations

Taiwan, alongside popular winter destinations such as Japan and Korea, saw such great demand that airlines had to put in extra flights or switch to bigger carriers to accommodate travellers, Miss Seah said.

But, if you want to stretch your holiday dollar further, the best way would still be 'book your holidays early', suggested Hong Thai Travel's advertising and marketing manager, Miss Stella Chow.

She also advised the budget-conscious to take short-haul, holidays and opt for tourist-class hotels to save more.

When asked if he would be willing to put up at low-cost accommodations like hostels or budget hotels just so he could make that extra holiday trip, Mr Hon said he would definitely be raring to go 'as long as the room, location and amenities are decent'.

Prof Lilian Ng (NBS, NTU)
21-10-08, 15:05
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.

If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.

Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.

UnregĄstered
21-10-08, 15:32
But why should I sell my condo to you at HDB price?
Fedup!!!!!!!!!

J-Dog
21-10-08, 19:15
even if C&C will sell their ML350 at the price of Hyunday , that does not mean everyone go to buy ML350 , ppl just do not have money to buy even at Hyundai price !! Same goes to Condos now ppl do not have money to buy and banks are not landing , and deferring schemes come to a pay day and no money t0 pay !! What to do ?? either have the condo repossesed by the bank which is more then happy for you to default , so they can snach cheap .. ot sell at huge loss and lose your 15-20% .. This is a dilemma ppl are facing right now .. so most of them go and sell at the developer's price as if you don't sell before top you are screwed !! and lose even more ... I think only less then 20% can hold and maintain repayments at loss and pay off when top issued . :scared-1:

Seng
21-10-08, 19:33
even if C&C will sell their ML350 at the price of Hyunday , that does not mean everyone go to buy ML350 , ppl just do not have money to buy even at Hyundai price !! Same goes to Condos now ppl do not have money to buy and banks are not landing , and deferring schemes come to a pay day and no money t0 pay !! What to do ?? either have the condo repossesed by the bank which is more then happy for you to default , so they can snach cheap .. ot sell at huge loss and lose your 15-20% .. This is a dilemma ppl are facing right now .. so most of them go and sell at the developer's price as if you don't sell before top you are screwed !! and lose even more ... I think only less then 20% can hold and maintain repayments at loss and pay off when top issued . :scared-1:
Even Hyundai price also nobody buying?
So even HDB flat also nobody buying?

So I together with the rest of the 80% staying in HDB flats should dump our flats now?

JHJ
21-10-08, 19:38
Even Hyundai price also nobody buying?
So even HDB flat also nobody buying?

So I together with the rest of the 80% staying in HDB flats should dump our flats now?
Wah biang! Silly Seng!
You believe that Con Dog?

Nobody buying HDB flats?
You believe that jerk's lies?
Demands for HDB flats and resale flats are so high that HDB prices continue to move up.

This is like saying demand for Hyundai cars is very high.

Don't get conned by that Con Dog! Fųcking liar!

UnregĄstered
21-10-08, 19:41
Wah biang! Silly Seng!
You believe that Con Dog?

Nobody buying HDB flats?
You believe that jerk's lies?
Demands for HDB flats and resale flats are so high that HDB prices continue to move up.

This is like saying demand for Hyundai cars is very high.

Don't get conned by that Con Dog! Fųcking liar!
In fact, demand for HDB flats have spilled over to mass-market condos. That's why a few OCR condos have just broken their high records.

UnregĄstered
22-10-08, 19:14
Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.

If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.

Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.
Yah!
Don't be too happy!
Everyone is a loser
Only IRAS is the big winner who is smiling now!


http://sphreg.asiaone.com/RegAuth2/images/mainST(b).gif
Property sub-sales net $95m profits
Third-quarter showing still strong but market will soften soon: Experts
Fiona Chan
Property Reporter
Wednesday, 22 October 2008

http://www.thesailmarinabay.com/sail.jpg

Private home prices may have slid in the third quarter but the sub-sale market was still going strong.

Ninety-six per cent of owners who resold an uncompleted home between July and last month pocketed profits from the deals, according to new data by property consultancy Savills Singapore.

These transactions, officially known as sub-sales, occur when you buy a home and resell it before it is built. They are used as a proxy for property speculation because the owner resells the home without ever living in it.

Only 12 sub-sale transactions out of the 306 that Savills analysed in the quarter incurred a loss, amounting to just under $1 million of red ink. The rest made a total of $95.1 million in gains, Savills said.

This continues the trend in the first half of the year, when 97% of such deals turned in profits. But the profits seen in the third quarter were considerably narrower as home prices started softening more quickly.

Profitable sub-sellers made an average of $323,420 in the third quarter, but this was skewed upwards by a single large deal: a whopping $6.7 million profit from the sale of a 63rd-storey penthouse at The Sail @ Marina Bay.

Excluding this sale, the average gain was $301,784 - almost 40% lower than the average gain in the first half of the year. It works out to an average profit for each seller of about 30% over the purchase price.

Still, 'to be able to achieve such gains in a year when the property market has gone into a standstill is highly commendable', said Mr Ku Swee Yong, director of business development and marketing at Savills Singapore.

But in case would-be speculators become tempted by these gains, other consultants noted that the bulk of these deals probably occurred before the Sept 14 collapse of United States investment bank Lehman Brothers, which caused the financial crisis to take a sudden turn for the worse.

'The real estate market typically lags behind the stock market by six months or more, so we will probably start to see the real effect early next year,' said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

'These profitable sub-sale transactions took place before the market hit the skids. It is extremely risky to go and speculate in the market right now.'

Most sellers who made a profit in the third quarter had originally bought their units in the last two years and benefited from the sharp run-up in prices in the period, said Mr Ku. While values have weakened somewhat this year, they are still generally higher than in 2006.

Sellers who held on to their units for a longer time before reselling them in the third quarter made more gains, Savills' data showed. Even those who had bought a unit as late as this year and offloaded it in the third quarter made an average gain of $98,600.

If they had sold the unit in the first half of the year, however, they would probably have doubled their gain.

The biggest profits of more than $1 million each were for units at The Sail @ Marina Bay, St Regis Residences and Cairnhill Residences.

On the flip side, sub-sale losses for the quarter averaged $76,820 for each loss-making deal. A unit at Watermark Robertson Quay chalked up the biggest loss of $207,552, while units at Soleil @ Sinaran, 8 @ Mt Sophia and One Amber were also sold at losses of more than $100,000 each.

All the losses were for units that had been bought last year or this year, according to Savills' data. Sub-sellers who had bought their units at the peak of property fever, between June and September last year, bled the most.

'In any case, there are always desperate sale cases even during good times,' Mr Ku noted.

The Sail @ Marina Bay had the largest number of sub-sales in the quarter - 19 - with each deal netting its seller an average profit of $1.1 million. There was one loss, of $62,890, for a second-floor unit.

Other projects with more than 10 sub-sales included Parc Emily in Dhoby Ghaut, Park Infinia at Wee Nam, Riveredge in Tanjong Rhu and The Esta in Marine Parade.

But the profits were not just confined to developments in the prime districts.

At Casa Merah in Tanah Merah, 10 sub-sales yielded an average profit of $100,351, while Atrium Residences in Geylang saw four sub-sales with an average gain of $54,556.

UnregĄstered
27-10-08, 21:07
Yah!
Don't be too happy!
Everyone is a loser
Only IRAS is the big winner who is smiling now!
Don't say like that lah. Profit is always good mah!

keane
10-11-08, 07:49
Learnt from agent, a 958sqft unit transaction in P11 mid floor stack 6 (pool facing) unit was sold at lower price. The Owner (2nd) bought the unit at $1050psf, but was sold at $1000psf. It on latest URA's listing. the Owner lost $50k (excluding stamp fee...).

Agent X
10-11-08, 08:17
Learnt from agent, a 958sqft unit transaction in P11 mid floor stack 6 (pool facing) unit was sold at lower price. The Owner (2nd) bought the unit at $1050psf, but was sold at $1000psf. It on latest URA's listing. the Owner lost $50k (excluding stamp fee...).
I am that idiot that smoked you. Ha ha!

moonk123
18-11-08, 09:08
Project Name-PAVILION 11
Developer-UOL Development (Novena) Pte Ltd(UOL Group Limited)
Property Type-Condominium
Tenure - Freehold
Total Units - 180
Completion Date - Est 1 Jun 2010
District - 11

source from:
http://www.virtualhomes.sg/pavilion11

kaisymae
22-01-09, 15:16
Hi! Any of you guys know whats the expected occupancy date (TOP) for pavilion 11? Thanks!

J-Dog
23-01-09, 10:26
I will buy higher floor at around $700 psf , quick cash deal if any one wants to sell quick

absolutwild
24-03-09, 07:25
when is expected TOP? price still at $1000+psf? will drop soon? thinking of getting a 2 bedder.

cher
24-03-09, 08:01
I will buy higher floor at around $700 psf , quick cash deal if any one wants to sell quick

Even the launch price is already 900psf - 1000psf, who wants to sell at a loss??????????

J-Dog
24-03-09, 10:28
I do not know who wants but I know that hundreds of owners around the island sell at huge loss for various reasons .. And if some premium projects in the city and River Value being transacted at 1000psf I do not see a reason why Pavillion with tiled floor in Ballestier would not go for 650-700 .. Who cares what was the launch price ? No one !! Take Soleil launch price 1,700 and what now ? everybody happy to sell at 1,100 psf !!

isaaclim
24-03-09, 19:39
I do not know who wants but I know that hundreds of owners around the island sell at huge loss for various reasons .. And if some premium projects in the city and River Value being transacted at 1000psf I do not see a reason why Pavillion with tiled floor in Ballestier would not go for 650-700 .. Who cares what was the launch price ? No one !! Take Soleil launch price 1,700 and what now ? everybody happy to sell at 1,100 psf !!

Not all Soleil units are selling at 1.7psf. In average it was 1.5k psf. Soleil is a high rise project, you can't just simply compare the price without knowing the level.

In fact, the range from lowest to highest is 1.1k - 1.8k.

No doubt condo price is diving now, but it is still one of the leader for 99LH project. All 99LH project have to benchmark from it.

august
24-03-09, 20:45
I do not know who wants but I know that hundreds of owners around the island sell at huge loss for various reasons .. And if some premium projects in the city and River Value being transacted at 1000psf I do not see a reason why Pavillion with tiled floor in Ballestier would not go for 650-700 .. Who cares what was the launch price ? No one !! Take Soleil launch price 1,700 and what now ? everybody happy to sell at 1,100 psf !!

over the weekend i saw a soleil ad asking for $900psf, check it out.

J-Dog
24-03-09, 21:33
Well, honestly even though it is not a bad project I would not pay for Soleil more then 700psf , simply because it is leasehold 99 . surrounded by Hospitals e.t.c.

isaaclim
24-03-09, 22:21
Well, honestly even though it is not a bad project I would not pay for Soleil more then 700psf , simply because it is leasehold 99 . surrounded by Hospitals e.t.c.

Then please don't buy prime district condo!

trump7
25-03-09, 02:04
Well, honestly even though it is not a bad project I would not pay for Soleil more then 700psf , simply because it is leasehold 99 . surrounded by Hospitals e.t.c.

You are the typical type of person who always miss the boat.

Pls go out and see how the world is moving fastly and actively!!

Many of economic indicator from US already showed + sign, including US house purchasing indicator, and even US FRB firmly promised and already started their action of pouring DOLLORS into market.
Have you known what is FRB?? they are the manipulator of all the money in the world!!


March 24, 2009
Light at the end of tunnel?
By Fiona Chan
THE worst of the economic crisis may soon be over, according to an economist from the Nanyang Technological University.

Drawing from selected leading indicators that appear to signal a turning point, assistant professor Choy Keen Meng is predicting that Singapore's recession will bottom out in the first quarter and turn the corner by the end of the year.

He expects the economy to shrink by 4 per cent this year, a forecast that is more optimistic than most. Some private sector economists have predicted a decline as severe as minus 10 per cent growth.

'The leading indicators suggest that the worst will be in the first quarter and we will see improvements in the second and third quarters,' he said.

One of the key indicators is the United States' purchasing managers' index, which rebounded in January and February after seeing a steep plunge towards the end of last year. This index is a forward-looking signal of manufacturing output in the US.

Other indicators used include the Straits Times Index, business expectations surveys, as well as the amount of non-oil cargo loaded and discharged at Singapore's sea ports.

'Some of these indicators are showing signs of improvement, and while others are declining, the declines have moderated,' he said.
http://www.skyscrapercity.com/images/statusicon/user_offline.gif

isaaclim
25-03-09, 08:49
In fact, i don't care when the market will recover. During the SARS periods, those mickey mouse condo around TTSH only drop till 650+psf. Even those properties that are not near TTSH, their price also "lan lan". Properties at East Coast is around 500psf. Mass market properties at 400+psf.

Unless another outbreak hits Singapore, this scenario is not likely anymore.

Furthermore, today's Novena is in the process of transforming to top class Medical Hub. Do you think you can get Soleil with that iconic look + facilities at 700psf.

Please don't dream!

This is a project that can look much better than artistic impression. Artistic impression can only show 2D effect. But Soleil it definite going to look much better surrounded by water in 3D. If you don't have a sense of 3D, i don't think you can understand this.

If you die die want to know what i mean, go to Lakeshore. Go and compare their artistic impression with the actual look+feel. Of course, please don't go during weekend :(.

Property_Owner
25-03-09, 10:06
over the weekend i saw a soleil ad asking for $900psf, check it out.

Did you called the agent to check?

J-Dog
25-03-09, 10:28
Ha-ha , you are all grown up adults and beleive in these bullshit and positive forecast ? well good luck to you .. As for Soleil I did not say it is a bad project , I said to me it worth no more then 700psf and I would not pay more .. There are a lot of buyers who thought it worth 1,700 at pre-launch , all of them biting thier elbows now and fireselling at almost half the price .. So what ? everyone has an opinion so I guess it is you who got into the boat too early my friend if you are one of them.. I waited for the boat and bought a few units in the heart of the City at good price and they are all freehold bringing me very healthy positive cash flow, so that is why in a falling market there is no point to pay more then 700 for lease hold .. you just wait till September and see what happens and then talk, talk , talk ..

Gordon Yuen
25-03-09, 10:36
Ha-ha , you are all grown up adults and beleive in these bullshit and positive forecast ? well good luck to you .. As for Soleil I did not say it is a bad project , I said to me it worth no more then 700psf and I would not pay more .. There are a lot of buyers who thought it worth 1,700 at pre-launch , all of them biting thier elbows now and fireselling at almost half the price .. So what ? everyone has an opinion so I guess it is you who got into the boat too early my friend if you are one of them.. I waited for the boat and bought a few units in the heart of the City at good price and they are all freehold bringing me very healthy positive cash flow, so that is why in a falling market there is no point to pay more then 700 for lease hold .. you just wait till September and see what happens and then talk, talk , talk ..

Your money is bigger than others therefore you are able to buy it at $700psf or lower. We hope you could buy one at this price in few months to come, otherwise, you should follow your suggestion in the other thread to chop something off.

august
25-03-09, 11:02
Did you called the agent to check?

not interested in soleil, so didn't ~ :)

august
25-03-09, 11:03
Ha-ha , you are all grown up adults and beleive in these bullshit and positive forecast ? well good luck to you .. As for Soleil I did not say it is a bad project , I said to me it worth no more then 700psf and I would not pay more .. There are a lot of buyers who thought it worth 1,700 at pre-launch , all of them biting thier elbows now and fireselling at almost half the price .. So what ? everyone has an opinion so I guess it is you who got into the boat too early my friend if you are one of them.. I waited for the boat and bought a few units in the heart of the City at good price and they are all freehold bringing me very healthy positive cash flow, so that is why in a falling market there is no point to pay more then 700 for lease hold .. you just wait till September and see what happens and then talk, talk , talk ..

no lah, solei launch at 1100 to 1200psf

i12buyhouse
25-03-09, 11:05
It is way too early for anyone to conclude that economic is bottom up. Firstly , US housing purchasing went up, but the price is still dropping at second largest YoY in Feb-Mar period. When housing price drop , of course demand is higher from genuine home buyer, furthermore purchasing desire powered by the extremely low mortgage rate. Be mindful that US unemployment rate is still at record high.

FRB already pumping money into the market in order to loosen credit crunch many months ago. Billions of dollars pumped into the US financial institution at close to 0% interest. That explains why Citi & BOA is able to turn profit. Imagine that these institutions getting almost free capital injection from FRB, on the other hand lend it out. It is a no brainer business. Pls be mindful that the caveat lodged by them ; profit gain before any write down on toxic assets.

Since last year until now , governments all around the world come out with huge stimulus package to cushion the impact on the recession. Hence , it will definitely have some stabilizing effect. However , it is just some pain killer not the method to cure, how long it can last will depend on the world economic.

US government has started to print money. It can ease their problem in short term, but it will definitely has a greater impact in long run. By printing money would not help u get richer , if not Zimbabwe would be the richest country in the world. The US government is inflating a bubble already burst.



You are the typical type of person who always miss the boat.

Pls go out and see how the world is moving fastly and actively!!

Many of economic indicator from US already showed + sign, including US house purchasing indicator, and even US FRB firmly promised and already started their action of pouring DOLLORS into market.
Have you known what is FRB?? they are the manipulator of all the money in the world!!


March 24, 2009
Light at the end of tunnel?
By Fiona Chan
THE worst of the economic crisis may soon be over, according to an economist from the Nanyang Technological University.

Drawing from selected leading indicators that appear to signal a turning point, assistant professor Choy Keen Meng is predicting that Singapore's recession will bottom out in the first quarter and turn the corner by the end of the year.

He expects the economy to shrink by 4 per cent this year, a forecast that is more optimistic than most. Some private sector economists have predicted a decline as severe as minus 10 per cent growth.

'The leading indicators suggest that the worst will be in the first quarter and we will see improvements in the second and third quarters,' he said.

One of the key indicators is the United States' purchasing managers' index, which rebounded in January and February after seeing a steep plunge towards the end of last year. This index is a forward-looking signal of manufacturing output in the US.

Other indicators used include the Straits Times Index, business expectations surveys, as well as the amount of non-oil cargo loaded and discharged at Singapore's sea ports.

'Some of these indicators are showing signs of improvement, and while others are declining, the declines have moderated,' he said.
http://www.skyscrapercity.com/images/statusicon/user_offline.gif

proud owner
25-03-09, 11:19
It is way too early for anyone to conclude that economic is bottom up. Firstly , US housing purchasing went up, but the price is still dropping at second largest YoY in Feb-Mar period. When housing price drop , of course demand is higher from genuine home buyer, furthermore purchasing desire powered by the extremely low mortgage rate. Be mindful that US unemployment rate is still at record high.

FRB already pumping money into the market in order to loosen credit crunch many months ago. Billions of dollars pumped into the US financial institution at close to 0% interest. That explains why Citi & BOA is able to turn profit. Imagine that these institutions getting almost free capital injection from FRB, on the other hand lend it out. It is a no brainer business. Pls be mindful that the caveat lodged by them ; profit gain before any write down on toxic assets.

Since last year until now , governments all around the world come out with huge stimulus package to cushion the impact on the recession. Hence , it will definitely have some stabilizing effect. However , it is just some pain killer not the method to cure, how long it can last will depend on the world economic.

US government has started to print money. It can ease their problem in short term, but it will definitely has a greater impact in long run. By printing money would not help u get richer , if not Zimbabwe would be the richest country in the world. The US government is inflating a bubble already burst.



VERY WELL WRITTEN ...

i share the same sentiments ..

unfortunately, in this forum, how many property owners, who have bought at the high , like 1500 psf for that 99yr Soleil (circus ? or a joke) actually admit that they paid too much ??

in this forum, we see only potential buyers , we see only owners, who still defending their purchase at ridiculous levels as 'good buys'

lets not get upset if one sees a negative report/ writeout on one's purchase ... every article here has its points ..

if you have already bought something that now looks too expensive .. so be it ... make sure on your next purchase, dont make the same mistake ...

sometimes, the purchase is not wrong...its the timing thats wrong ..

isaaclim
25-03-09, 11:28
Although, Zimbabwe and USA are a piece of land in this earth. But they are completely belong to different world.

Zimbabwe GDP per capita is not more then US$200. How can you use them to compare with US :doh:

As long as international trade is in US currency, they will still remain no.1 no matter how much money they printed.

Imagine the value of investment that other country have in US, do you think they will give up US currency?

If really we reach the day that everyone give up US currency, do you think this big brother will sit there and do nothing?!!

Bishan Kid
25-03-09, 11:58
Although, Zimbabwe and USA are a piece of land in this earth. But they are completely belong to different world.

Zimbabwe GDP per capita is not more then US$200. How can you use them to compare with US :doh:

As long as international trade is in US currency, they will still remain no.1 no matter how much money they printed.

Imagine the value of investment that other country have in US, do you think they will give up US currency?

If really we reach the day that everyone give up US currency, do you think this big brother will sit there and do nothing?!!

Well said!!
To compare Zimbabwe to US is a joke and almost fell from the chair.
To talk about US currency as the leading currency and printing of the dollar for the world circulation is a very indepth topic.

proud owner
25-03-09, 12:07
Well said!!
To compare Zimbabwe to US is a joke and almost fell from the chair.
To talk about US currency as the leading currency and printing of the dollar for the world circulation is a very indepth topic.

i think he is trying to say that by printing money ..will not make you rich ...

and thats what USA is probably going to do ..print more money ... and in the long run ... its not good for USA

isaaclim
25-03-09, 12:16
i think he is trying to say that by printing money ..will not make you rich ...

and thats what USA is probably going to do ..print more money ... and in the long run ... its not good for USA

Surely they will be side effect of printing more money. But US sure have a way to act on it. If soft mean can't help. They will do it the hard way.

Bishan Kid
25-03-09, 13:32
i think he is trying to say that by printing money ..will not make you rich ...

and thats what USA is probably going to do ..print more money ... and in the long run ... its not good for USA

Depends.

Is issuing rights is good for company ?

gfoo
25-03-09, 14:07
Unless you have done extensive study on the FED St Louis MZM, M1 and Mm numbers, do not hastily dismiss the comparison of the USD to the zimbabwe dollar.

The amount of high-powered money that the FED/TARP/other stupid instruments has pumped in is unprecedented. All previous inflationary attempts since 1914 thru 2001 combined is but a fraction of what has been pumped.

It will just be a matter of time before the money multiplier starts increasing, and when it does, say hello to mass inflation. If the FED/TreasGov continues to do nothing, then say hello to hyperinflation. Because the USD is a major component of the SGD, it will affect us similarly.

Mass inflation is already a certainty - it's not a matter of if, but more a matter of when. that is why china for the past few weeks and just yesterday sent warning shots across to the US to protect US treasuries (ie the USD)

Unfortunately, when mass inflation hits us, nobody benefits. If hyper hits us, we are all screwed, rich or poor.

proud owner
25-03-09, 14:10
Unless you have done extensive study on the FED St Louis MZM, M1 and Mm numbers, do not hastily dismiss the comparison of the USD to the zimbabwe dollar.

The amount of high-powered money that the FED/TARP/other stupid instruments has pumped in is unprecedented. All previous inflationary attempts since 1914 thru 2001 combined is but a fraction of what has been pumped.

It will just be a matter of time before the money multiplier starts increasing, and when it does, say hello to mass inflation. If the FED/TreasGov continues to do nothing, then say hello to hyperinflation. Because the USD is a major component of the SGD, it will affect us similarly.

Mass inflation is already a certainty - it's not a matter of if, but more a matter of when. that is why china for the past few weeks and just yesterday sent warning shots across to the US to protect US treasuries (ie the USD)

Unfortunately, when mass inflation hits us, nobody benefits. If hyper hits us, we are all screwed, rich or poor.

Bishan Kid ;learn something from us ok ?

dont pray pray

gfoo
25-03-09, 14:22
Mass inflation and hyperinflation wipes out creditors of all types - in our cases, bank deposits (you are creditor to bank), and mortgage loans (bank is creditor to you)

if you know how to play your cards rights, you can essentially pay off your $1m outstanding loan in a mass inflation environment with a a kilo or two of gold. in hyperinflation, prob an ounce of gold or less.

but beyond that, in hyper, a loaf of bread will cost 0.1gm of gold as in Zimbabwe's case now. Go google 'zimbabwe bread 0.1 gram gold'

Bishan Kid
25-03-09, 14:23
Let's make simple here.

Money supply = money in circulation x velocity.

Inflation = more demand vs supply.
hyper = high demand vs less supply
deflation = low demand vs high supply.

sumo22
25-03-09, 14:29
Can anyone advise in preparation for inflation or hyperinflation, would property be a good hedge (besides gold)? What about deflation - whay's the impact on property price?

I tried to google on this but get mixed messages..Thanks.

Bishan Kid
25-03-09, 14:35
Bishan Kid ;learn something from us ok ?

dont pray pray

Monetary policy is not the only factor that caused hyperinflation in Zimbabwe dollar.

learn something?

cloudy78
25-03-09, 14:37
also think its too early to say this is the end of the crisis, and i laugh at the NTU professor who say that... we only saw SOME positive data and we say the crisis is bottoming out. Who knows this might just be bear market rally?

Printing lots of money now can stimulate demand, but if not well controlled, will lead to super high inflation > FED raise rates > ppl cannot support their mortgage again > bubble inflated but burst again. So its a very very fine balancing act by the US.

Also note that US seems to be very focused on helping the financial system, because their underlying assumption is that you need to fix the banks first before the economy. But note that in general we might continue to see weaknesses in non-bank companies, and hence more layoffs, etc.

All that said, recent positive events did sway me a bit in thinking the recession might not be that long, that severe. Also afraid to "miss the boat" at the bottom (assuming i know when is that!)

gfoo
25-03-09, 14:38
i do like this debate.

Any deflationists here care to share their point of view?

I'm obviously an inflationist - ie i expect mass inflation within the next 24 months

i12buyhouse
25-03-09, 14:40
Hi guys:

Don’t be so defensive , I am just sharing with u the fact that I know.

Will US currency taken over by other currency as international trade medium….? The answer is possible and the likelihood is increasing as US continue to print money. Nobody like to do business on a currency that is so volatile and unstable. Pls remember that British Pound was the most traded currency before US dollars.

China Premier Wen Jia Bao already said that he is worry abt China asset in US. China being the largest holder on US bond is in great danger if US decided to print more money , US currency would drop as US dollar supply is abundant. If u hold US bond , what will u do ..? Logically, u will dump US dollars and divert your money into other more stable currency and commodity like Gold & Oil. US bond market will in deep problems if other government follow so. If u look at what happen currently , commodity price has shoot up very fast recently , not because of demand increase drastically….be mindful of this friends. US dollar is also sliding.

Lastly , pls have a look on this news article yesterday , to support what I have shared


http://www.google.com/hostednews/ap/article/ALeqM5h8KoPe1MqwkZWOTIikcwb8Tg2W3AD974D8384





Although, Zimbabwe and USA are a piece of land in this earth. But they are completely belong to different world.

Zimbabwe GDP per capita is not more then US$200. How can you use them to compare with US :doh:

As long as international trade is in US currency, they will still remain no.1 no matter how much money they printed.

Imagine the value of investment that other country have in US, do you think they will give up US currency?

If really we reach the day that everyone give up US currency, do you think this big brother will sit there and do nothing?!!

gfoo
25-03-09, 14:42
also think its too early to say this is the end of the crisis, and i laugh at the NTU professor who say that... we only saw SOME positive data and we say the crisis is bottoming out. Who knows this might just be bear market rally?

Printing lots of money now can stimulate demand, but if not well controlled, will lead to super high inflation > FED raise rates > ppl cannot support their mortgage again > bubble inflated but burst again. So its a very very fine balancing act by the US.

Also note that US seems to be very focused on helping the financial system, because their underlying assumption is that you need to fix the banks first before the economy. But note that in general we might continue to see weaknesses in non-bank companies, and hence more layoffs, etc.

All that said, recent positive events did sway me a bit in thinking the recession might not be that long, that severe. Also afraid to "miss the boat" at the bottom (assuming i know when is that!)

Geitner's plan essentially sent a message to banks: 'we'll cover your arses no matter what. Go ahead, lend irresponsibly again, we'll cover that buttock cheek too'

imho, banks are still hard pressed to lend and are still very careful with who they loan to. but with this policy in place - all it takes is for one bank to blink and start being creative, and there will be stampede in nonsense credit again.

Bishan Kid
25-03-09, 14:46
Can anyone advise in preparation for inflation or hyperinflation, would property be a good hedge (besides gold)? What about deflation - whay's the impact on property price?

I tried to google on this but get mixed messages..Thanks.

I am neither a Wall Street nor Zimbabwe top economist .

Gold is indestructible and supply is always on the increase but met with hoarding for hedging against inflation and dollar where gold is quoted.
Industrial usage is low as compared to other metals.
No yield and yet incur storage charge.

Property is a good hedge depends on yield(rental income) , supply and demand.

gfoo
25-03-09, 14:47
Will US currency taken over by other currency as international trade medium….? The answer is possible and the likelihood is increasing as US continue to print money. Nobody like to do business on a currency that is so volatile and unstable. Pls remember that British Pound was the most traded currency before US dollars.

China Premier Wen Jia Bao already said that he is worry abt China asset in US. China being the largest holder on US bond is in great danger if US decided to print more money , US currency would drop as US dollar supply is abundant. If u hold US bond , what will u do ..? Logically, u will dump US dollars and divert your money into other more stable currency and commodity like Gold & Oil. US bond market will in deep problems if other government follow so. If u look at what happen currently , commodity price has shoot up very fast recently , not because of demand increase drastically….be mindful of this friends. US dollar is also sliding.

However much i hope for a new global reserve currency, i doubt it will ever happen - the USD is too massive and entrenched to be replace. That the USD will be revalued or repegged to gold/silver has a higher chance, but that's still remote.

Every businessman and his cat knows that the China Chinese are the most cutthroat, shrewd and business-savvy race on the planet out only to save their own skin. The very fact that they are buying commodity producers left-right-centre is significant. The fact that they have sent warning shots about the USD devaluation is also significant. time will tell

i12buyhouse
25-03-09, 14:49
It is not right to compare SARS to what happne currently... SARS is incidental crisis come fast and go fast. Once it gone , everyone will come back to the market and it does not hit our finacial system hard and has little impact on the global context especially US and Euro



In fact, i don't care when the market will recover. During the SARS periods, those mickey mouse condo around TTSH only drop till 650+psf. Even those properties that are not near TTSH, their price also "lan lan". Properties at East Coast is around 500psf. Mass market properties at 400+psf.

Unless another outbreak hits Singapore, this scenario is not likely anymore.

Furthermore, today's Novena is in the process of transforming to top class Medical Hub. Do you think you can get Soleil with that iconic look + facilities at 700psf.

Please don't dream!

This is a project that can look much better than artistic impression. Artistic impression can only show 2D effect. But Soleil it definite going to look much better surrounded by water in 3D. If you don't have a sense of 3D, i don't think you can understand this.

If you die die want to know what i mean, go to Lakeshore. Go and compare their artistic impression with the actual look+feel. Of course, please don't go during weekend :(.

cloudy78
25-03-09, 14:53
Think USD to be overtaken as the world trading currency might not happen anytime soon. Because China LL got to keep on buying US treasuries, else US no money, then cannot buy goods from China, then the China export market will crumple. Oops... does this sound like another bubble in China?

J-Dog
25-03-09, 14:56
For every dollar they put into the stimulus package they have to collect that dollar in taxes otherwise it's gonnabe a huge buble.
Well, why say so we can actually benefit from massive inflation by means that our outstanding mortgages will melt away at very fast pace :))
One thing for sure it is still a way too early to call it a bottom !! it is just stupid to buy in a falling market !! just to see that next month you could buy that property 100k cheaper .. Stupid, stupid , stupido !!!
We who play properties one way or another are in the same boat , I also have some properties which are now on the market 25% less then I bought them for so what ? they stil bring me cash flow positive income or some for my own stay .. but if we knew this was coming we all would be multi millioners and super reach .. so the lesson at least next one to buy at the cheapest possible price to average down .. this is what I think ..

i12buyhouse
25-03-09, 14:57
If u buy share , there will be a chance your share worth ZERO ( Lehman Brother)

If u buy house , your house worth ZERO if there is a war. House would not help u at all if u want to "Run Road" - escape

Gold will never worth ZERO (unless Jesus come again). Gold will definately helpful if u run from one place to another :-)


I am neither a Wall Street nor Zimbabwe top economist .

Gold is indestructible and supply is always on the increase but met with hoarding for hedging against inflation and dollar where gold is quoted.
Industrial usage is low as compared to other metals.
No yield and yet incur storage charge.

Property is a good hedge depends on yield(rental income) , supply and demand.

i12buyhouse
25-03-09, 15:01
I am not concern about US dollar taken over by other currency in short term. If this really happen ,it could takes decades... The immediate danger is the meltdown of US bond market. It could cause another tsunami...


However much i hope for a new global reserve currency, i doubt it will ever happen - the USD is too massive and entrenched to be replace. That the USD will be revalued or repegged to gold/silver has a higher chance, but that's still remote.

Every businessman and his cat knows that the China Chinese are the most cutthroat, shrewd and business-savvy race on the planet out only to save their own skin. The very fact that they are buying commodity producers left-right-centre is significant. The fact that they have sent warning shots about the USD devaluation is also significant. time will tell

Bishan Kid
25-03-09, 15:05
If u buy share , there will be a chance your share worth ZERO ( Lehman Brother)

If u buy house , your house worth ZERO if there is a war. House would not help u at all if u want to "Run Road" - escape

Gold will never worth ZERO (unless Jesus come again). Gold will definately helpful if u run from one place to another :-)

I agreed.

Gold hoarding has a long history of tradition where no place or country is safe and more so in underdeveloped countries.
But is less and less appealing for hoarding in more developed countries and is used for speculation than hoarding.

gfoo
25-03-09, 15:08
I am not concern about US dollar taken over by other currency in short term. If this really happen ,it could takes decades... The immediate danger is the meltdown of US bond market. It could cause another tsunami...

Agreed, depending if you are talking about treasury bonds or corporate/junk bonds. However as both bond markets are covered by TARP as of Monday, be careful - the Fed can continue to buy as many treasury bonds as they wish and repackage it as treasury assets. That is why T-bills are still relatively stable.

an economy has a GDP $1m and 1m citizens each earning $1 with a loaf of bread at $1. Which is more palatable to you:
- GDP $2m, 1m citizens earning $2, loaf of bread $2
or
- GDP $500k, 500k citizens out of job, loaf of bread $0.50.

that is why the FED will always choose inflation.

gfoo
25-03-09, 15:43
I agreed.

Gold hoarding has a long history of tradition where no place or country is safe and more so in underdeveloped countries.
But is less and less appealing for hoarding in more developed countries and is used for speculation than hoarding.
I am a gold bug, thus my posts are biased as such.

in Sep 2008, 1oz of gold cost US$1000 (S$1,360)
6 months later in March 2009, 1 oz drop to US$900 (S$1,360)
this is the same scenario in other currencies like the sterling, auz, sfr etc

Gold should never be used for speculation - it should be for preservation of capital/value. 1 oz of gold used to buy a good business suit set at marks and spencer's in 1900s, and continues to buy a good business suit set today, and 50 years from now.

Take a look at HDB prices through the ages (5rm):
1970s: $25,000 US$9000 (240oz)
1980s: $110,000 US$49,000 (140oz)
1990s: $220,000 US$135,000 (280oz)
2008s: $350,000 US$250,000 (250oz)

on average, a 5 rm flat has consistently been just about 220oz of gold thru the ages (10 year basis). the 1980s is due to the mass inflation during the latest 70s (iran-contra, oil shock) I think we will see a similar story from 2010.

isaaclim
25-03-09, 18:06
Let's make simple here.

Money supply = money in circulation x velocity.

Inflation = more demand vs supply.
hyper = high demand vs less supply
deflation = low demand vs high supply.

Inflation is such a complex topic in economic. Please don't use few words to cover it. In fact, there are few schools of thought about inflation. Go google it.

isaaclim
25-03-09, 18:09
Hi guys:

Don’t be so defensive , I am just sharing with u the fact that I know.

Will US currency taken over by other currency as international trade medium….? The answer is possible and the likelihood is increasing as US continue to print money. Nobody like to do business on a currency that is so volatile and unstable. Pls remember that British Pound was the most traded currency before US dollars.

China Premier Wen Jia Bao already said that he is worry abt China asset in US. China being the largest holder on US bond is in great danger if US decided to print more money , US currency would drop as US dollar supply is abundant. If u hold US bond , what will u do ..? Logically, u will dump US dollars and divert your money into other more stable currency and commodity like Gold & Oil. US bond market will in deep problems if other government follow so. If u look at what happen currently , commodity price has shoot up very fast recently , not because of demand increase drastically….be mindful of this friends. US dollar is also sliding.

Lastly , pls have a look on this news article yesterday , to support what I have shared


http://www.google.com/hostednews/ap/article/ALeqM5h8KoPe1MqwkZWOTIikcwb8Tg2W3AD974D8384


Can they do anythings? Money in other people hands already. What to do? They can just pray and make noise!

Newbie Homebuyer
14-04-09, 11:15
Wow, drove by yesterday. The construction seems almost done. Anyone knows how I can get hold of a brochure for this development? Would like to find out the quality of the kitchen goods provided.

DKSG
09-06-09, 22:30
The brochure doesnt describe kitchen fittings leh ...

Kitchen Cabinets : high and low level kitchen cabinets complete with solid surface worktop and backsplash. 11/2 bowl sink integrated with counter top and mixer (3BR and Penthouse only). 1 bowl sink integrated with counter top and mixer (2 BR).
Kitchen appliances : oven, cooker hob and cooker hood ..

Thats all they say ...

YFG

phantom_opera
09-10-12, 16:37
it beats me that Watertown, The Hillier buyers nobody bothers about this project

2012-07-23 #22-XX 958sqft 1,566psf
2008-01-15 1,275psf $278,778 1,651d 4.6%

Near-Prime lost to non prime

:p

insigina
09-10-12, 16:40
it beats me that Watertown, The Hillier buyers nobody bothers about this project

2012-07-23 #22-XX 958sqft 1,566psf
2008-01-15 1,275psf $278,778 1,651d 4.6%

Near-Prime lost to non prime

:p

Goes to show the premium of new versus old is very high. People like new things.

Rysk
30-11-12, 12:02
2012-11-15 #XX-XX 1,485sf 1,569psf 2007-04-18 818psf
Profit: $1,115,235 12.4%/yr

Wow!! :scared-1:

naan1974
15-01-13, 15:23
2012-11-15 #XX-XX 1,485sf 1,569psf 2007-04-18 818psf
Profit: $1,115,235 12.4%/yr

Wow!! :scared-1:

You sold too early rite?

Rysk
07-06-13, 14:47
Well.. here is another UP.. UP.. UP..
Is another record breaking psf for P11.. a big jump from the last record 1566psf set in July 2012

PAVILION 11 AKYAB ROAD Condominium $1,657,340 958sf Strata 1,730psf May-13

DKSG
08-06-13, 13:58
Well.. here is another UP.. UP.. UP..
Is another record breaking psf for P11.. a big jump from the last record 1566psf set in July 2012

PAVILION 11 AKYAB ROAD Condominium $1,657,340 958sf Strata 1,730psf May-13

Like I mentioned in other posts. In April/May period, there are quite a few PCs hitting record prices. So price index is bound to move upwards in the months to come.

Rysk - this has to be compared with the 958 sqft sold about 2 years ago for 1660 psf. So the increase 2BR-to-2BR comparison is abt 4.2% over 2 years. Which is about 2% each year.

DKSG