Property market sentiments 2011

[hopeful]

Dow will chiong tonight in the expectation the US forces will finish off Gadaffi fast

Libya exports oil to Europe and is quite a large producer ... after this they will try to install a puppet to ensure smooth oil export to Europe. That's why France, Italy, UK all are involved in military action.

Biggest loser is China, lose control of Libya ... poor China ...

If only I can pass this advice to Gadaffi.
Gather the children from the conquered rebel cities. Use them as human shields. March them along with the army, let them sit on tanks, jeeps, trucks etc.

I wonder whether US/NATO will dare to bomb the tanks :>

Another method is to let the children sit on buses, and booby trap the buses. The buses will follow with army convoy to Benghazi.
When the airplanes strike at column, if there is a near miss near the bus, explode the bus, then blame it on US/NATO missiles hitting the buses.

With the children as hostages, this will ensure good behaviour from parents back in cities. Also if US/NATO dared to bomb the children, the parents' anger will be against US/NATO.
Kill so many birds with this method. Now, how do I pass these message to Gadaffi?

[kane]

you're ruthless!

[hopeful]

What to do in the face of superior firepower?
Gadaffi will have to do whatever it takes to survive.
Anyway, these people are funny. It is more acceptable for their own kind to kill them than for outsiders to kill them. Take for example Afghans. If Taliban bomb civvies, the civvies' anger not as great as when US/NATO bomb them. . Furthermore, Gadaffi should incite the Shiites in Bahrain, Saudi Arabia to ask for UN protection. The irony. Afterall, the Shiites are asking for democracies too aren't they. This should reveal Western hypocrisies. But perhaps 1000 Shiites need to be matyr first.

With a wider and longer conflict, oil prices will be higher, leading to inflation.
With inflation leading the way, will property/commodities price be higher?

[kane]

It's continued uncertainty that's allowing the prolonging of cheap credit and that's driving price inflation.

[ay123]

If only I can pass this advice to Gadaffi.
Gather the children from the conquered rebel cities. Use them as human shields. March them along with the army, let them sit on tanks, jeeps, trucks etc.

I wonder whether US/NATO will dare to bomb the tanks :>

Another method is to let the children sit on buses, and booby trap the buses. The buses will follow with army convoy to Benghazi.
When the airplanes strike at column, if there is a near miss near the bus, explode the bus, then blame it on US/NATO missiles hitting the buses.

With the children as hostages, this will ensure good behaviour from parents back in cities. Also if US/NATO dared to bomb the children, the parents' anger will be against US/NATO.
Kill so many birds with this method. Now, how do I pass these message to Gadaffi?

how i wish u and yr family are in the bus

[mcmlxxvi]

"'The sheer exposure of the group (SingTel) to overseas markets makes the stock susceptible to external volatility,' said OSK Research's telecommunications analyst Jeffrey Tan, adding that investors could also be worried about a potential loss in roaming revenue as traveller numbers start to dwindle.
'SingTel has the largest pool of foreign shareholders and investors so it would be reasonable to expect the stock to suffer a bigger sell-down on the back of prevailing concerns in the region,' he told BT.
Selling pressure also gripped SingTel's US counterparts including AT&T, Verizon and Sprint Nextel this week. In the region, shares of Australian telco Telstra fell 0.38 per cent to close at A$2.64 yesterday.
The exception to the rule appears to be telcos with high and sustainable dividend yields, Nomura's Mr Gupta noted.

Singapore's smallest operator M1 is one such counter that is favoured by most market watchers. The company's proposed cash payout of 17.5 cents per share for 2010 translates to a sizeable yield of 7 per cent."

--> Isn't that way better than any CCR rental yield in today's market?

[hopeful]

.......

--> Isn't that way better than any CCR rental yield in today's market?

errr....better than any OCR rental yield also. Any OCR that gets >7% yield?
Anyway, rental is get monthly, dividend is once or twice a year.

[amk]

Singapore's smallest operator M1 is one such counter that is favoured by most market watchers. The company's proposed cash payout of 17.5 cents per share for 2010 translates to a sizeable yield of 7 per cent."

--> Isn't that way better than any CCR rental yield in today's market?

look M1 is a company (kind of) with no assets. depending on what you believe. I'm not saying this is a bad counter. but for stocks there are many other factors to consider.

[phantom_opera]

Rumour that BOJ is buying MSCI Japan funds to push up Nikkei
We are living in the era of artificial government intervention ...

[kane]

Borrow 1%, dividend 3%. Would you do it?

[hopeful]

Borrow 1%, dividend 3%. Would you do it?

any fx risk involved?

[Teana]

More foreigners buy resale executive condos (ECs)
They bought 321 ECs or 33% of resales last year; Indian nationals top list
Esther Teo
Property Reporter
The Straits Times
Tuesday, 22 March 2011



Increasing numbers of foreigners are snapping up executive condominiums in the resale market and helping to push prices to record levels.

Foreigners, including PRs, bought 321 ECs or 33% of all resale homes last year, said Savills research and consultancy, with Indian nationals by far the biggest segment.

This is up from 18% in 2004, when PRs were first eligible to buy exec condos, the poshest form of public housing.

The foreign market presence was even higher in the first 2 months of the year with foreigners comprising 45% of transactions in the exec condo resale sector.

Foreigners made up 34% of buyers in the private mass-market resale segment in the same period, indicating the increased appeal of exec condos.

This interest, coupled with the booming property sector, is also affecting values. The average price of a resale EC unit hit $634 psf in the first 2 months of the year - up 31% on the previous peak in the third quarter of 2008.

Exec condos, like other HDB flats, are subject to a minimum occupation period of five years. After that, they can be sold only to Singaporeans and permanent residents. They become private property after 10 years and can then be sold to foreigners.

PRs can have their pick from about 9,494 EC units while non-PR foreigners have about 6,318 units open to them, Savills said.

Some of these units are in Bishan Loft, The Eden in Tampines and Simei Green condominium.

Foreign interest in resale ECs is also expected to remain strong as many cannot buy an HDB resale home under the new property rulings, added Ms Christine Sun, senior manager at Savills research and consultancy.

The rules introduced last year require that those who buy an HDB resale flat on or after Aug 30 must dispose of their private property - including any overseas - within 6 months of the purchase.

Savills also said sales data showed Indian nationals have bought 296 resale exec condos since 2004, making them the biggest group of foreign buyers.

Malaysians were next with 276 units while buyers from China accounted for 222 units.

Woodsvale in Woodlands is the most popular estate with 138 transactions since 2004. Northoaks - also in Woodlands - and Simei Green condominium are slightly behind.

But Bishan Loft holds the price record with a 1,991 sqft unit selling for $944 psf last October.

Price gains have been moderating lately with values inching up just 1% in the first 2 months of the year compared with the last quarter, Savills said.

This could be down to the recent property measures, price resistance and an increased mass-market home supply from the bumper release of state land, the firm added.

Experts noted that ECs are often value-for-money purchases as they can be up to 25% cheaper than private mass-market homes.

'New mass-market home prices have surged to record highs in recent quarters. Resale ECs that are more affordable than mass-market homes offer good alternatives for most of these buyers,' Ms Sun said.

PropNex chief executive Mohamed Ismail said exec condos are also often relatively new and in reasonably good condition as most are less than 10 years old.

'Most foreigners might have been relocated here and would buy exec condos for owner-occupation, often with a mid- to long-term perspective,' he added.

Global Property Strategic Alliance chief executive Jeffrey Hong added that exec condos are more popular when the gap between public and private housing widens, as has been the case over the past year.

He expects interest from foreigners to continue increasing as more exec condos reach their 10-year mark and become eligible for purchase by foreigners.

Mr Marc Grange, a Singapore PR who works in the electronics sector and rents a flat in Bishan, said he would consider purchasing an exec condo unit as prices at new condos are out of reach for him and his fiancee.

'Exec condos are a good middle ground. But their limited numbers mean finding a suitable place that's in a good location is the hard bit,' he said.

[Teana]

33% of resale homes bought by foreigners
AsiaOne
Tuesday, 22 March 2011

Woodsvale: This Woodlands EC is most popular, with 138 transactions since 2004.

33% of all resale homes sold last year were sold to foreigners, according to a Straits Times report today.

This is up from 18% in 2004, the year permanent residents (PRs) were first allowed to buy executive condos (ECs).

Of the 321 ECs sold to foreigners last year, Indian nationals made up the biggest segment of buyers. According to Savills research and consultancy, since 2004, Indians have bought 296 ECs, followed by Malaysians with 276, then buyers from China with 222 units.

According to the report, this interest, together with the hot property market, is pushing the values up, with the average price of a resale executive condo (EC) unit hitting S$634 psf in the first 2 months of the year. This is a 31% increase on the previous peak price registered in the third quarter of 2008.

Executive condos may be sold in the resale market to Singaporeans and permanent residents after a 5-year minimum occupation period, much like HDB flats. They may be sold to foreigners after 10 years, when they become private property.

Foreigners are not allowed to buy HDB resale homes.

NorthOaks: Also in Woodlands, this follows Woodvale close behind.


Simei Green: This is also slightly behind Woodvale when it comes to number of sales.


Bishan Loft: Bishan Loft holds the price record with a 1,991 sqft unit selling for $944 psf last October.

[Teana]

Singapore office property price hits new high for 2011 - Jones Lang LaSalle
Reuters
Singapore
Tuesday, 22 March 2011, 17:16

An office block in Singapore’s central business district has been sold for $227 million, achieving the highest psf price so far this year, Jones Lang LaSalle (JLL) said on Tuesday.

JLL brokered the sale of One Finlayson Green, a freehold commercial building with 19 storeys, to a group of private investors. The property belonged to a fund managed by Lucrum Capital.

The sale price works out to around $2,520 psf, which is more than the $2,300 psf Keppel Land’s Alpha Investment Partners and Singapore insurer NTUC Income paid when they bought Capital Square earlier this month.

Stella Hoh, head of investments at JLL Singapore, said the property attracted strong investor interest due to rising office rentals and the limited supply of freehold office buildings in the Raffles Place area.

[DaytonaSS]

maybe these analysis sees alot of MMC might relocate thier operations / buy buildings in Singapore to siam earth quack and radiation.

Our safe enviroment minus orchard road flooding is a super plus point. look out for more of such commerical deals.... more foreigners are expected to come in here to fill up the offices. more GPD growth, more pay increments for u know who!

Huat Huat ah!

[DaytonaSS]

Singapore office property price hits new high for 2011 - Jones Lang LaSalle
Reuters
Singapore
Tuesday, 22 March 2011, 17:16

An office block in Singapore’s central business district has been sold for $227 million, achieving the highest psf price so far this year, Jones Lang LaSalle (JLL) said on Tuesday.

JLL brokered the sale of One Finlayson Green, a freehold commercial building with 19 storeys, to a group of private investors. The property belonged to a fund managed by Lucrum Capital.

The sale price works out to around $2,520 psf, which is more than the $2,300 psf Keppel Land’s Alpha Investment Partners and Singapore insurer NTUC Income paid when they bought Capital Square earlier this month.

Stella Hoh, head of investments at JLL Singapore, said the property attracted strong investor interest due to rising office rentals and the limited supply of freehold office buildings in the Raffles Place area.

Do u think the articule u post signal strong demand both on residental and commerical properties?

[Teana]

Do u think the articule u post signal strong demand both on residental and commerical properties?

I think "demand effect" will first be on commercial properties and then on residential properties.

[august]

eh? foreigners (non-PRs) can buy executive condos???
hmm i didn't know that.

[devilplate]

eh? foreigners (non-PRs) can buy executive condos???
hmm i didn't know that.

after 10 yrs from TOP

[Teana]

eh? foreigners (non-PRs) can buy executive condos???
hmm i didn't know that.

after 10 yrs from TOP

After 10 years, it is exactly the same as normal condos.

[kane]

I think "demand effect" will first be on commercial properties and then on residential properties.

the wealth effect will drive everything, both up and down.

[august]

after 10 yrs from TOP

oh i meant for fresh launch... foreigners (non-PRs) cannot buy right?

[devilplate]

oh i meant for fresh launch... foreigners (non-PRs) cannot buy right?

surely cannot lor....even i as a citizen cannot lor! if not i wud hf gotten esparina.....its bounded by HDB regulations

[kingkong1984]

After 10 years, it is exactly the same as normal condos.

But u stuck with it for first 5 yrs. Next 5 yrs can only sell to PRs. After 10 year, it can be peak to peak if u r lucky or cheap to cheap if u r unlucky. 10 yrs is a long time.

[devilplate]

But u stuck with it for first 5 yrs. Next 5 yrs can only sell to PRs. After 10 year, it can be peak to peak if u r lucky or cheap to cheap if u r unlucky. 10 yrs is a long time.

after 5yrs shd be able to see profit liao....so far, i nvr had offers coming from foreigners for my mass market condos b4 wor....all locals leh....

if u notice, those ECs turning 10yrs, their px do not enjoy a surge up....

[hopeful]

after 5yrs shd be able to see profit liao....so far, i nvr had offers coming from foreigners for my mass market condos b4 wor....all locals leh....

if u notice, those ECs turning 10yrs, their px do not enjoy a surge up....

This cycle unlikely. My relatives and friends are getting used to the idea of investing in OCR/mass market. They only get new launch this cycle.
The next cycle you might find foreigners starting to offer for your mass market condos, meaning after they get used to buying new mass-market, they get used to idea of buying second hand mass market.

[hopeful]

the site is back up! am I the first to discover it?
Well. lets get back to property discussion instead of politics

[sh]

the site is back up! am I the first to discover it?
Well. lets get back to property discussion instead of politics

yeah. thought we got shut down for MBT-bashing....

suffering from forum withdrawal syndrome....

[kane]

All the locals who don't to overstretch for a suburban condo will go for a resale EC.

[westman]

yeah. thought we got shut down for MBT-bashing....

suffering from forum withdrawal syndrome....

Haha... Have the same tot too.
Damn boring since yesterday noon....