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Thread: Boom Times Again For The Singapore Property Mkt

  1. #1
    joe Guest

    Default Boom Times Again For The Singapore Property Mkt

    19 Apr 2007 23:35 GMT =DJ HOT TOPIC: Boom Times Again For The Singapore Property Mkt


    A Dow Jones Newswires Column


    SINGAPORE (Dow Jones)--Singapore's private property market is on the rise after years in the doldrums. It looks like the boom times are back for real estate, given strong demand from locals and expatriates alike.

    There's talk it's just speculation behind the frothy market - with reports of investors flipping purchases for hefty profits and anecdotal evidence of wealthy expatriates snapping up a half dozen or so luxury apartments at property launches.

    Sellers haven't been complaining, with prices of non-landed private properties in the heart of Singapore's prime area up by 17% in 2006, while prices outside that area are up 3-4.2%.

    The bulk of the price increases have been in the luxury segment, but that's expected to filter down to the rest of the market, with some analysts tipping as much as a 20% increase in prices this year.

    While there may be a speculative element to these price gains, data also suggest there's strong underlying demand for property - and that demand is set to grow in the next few years.

    According to the 2003 master plan from the Urban Redevelopment Authority, Singapore's land-use planning agency, there are 324,000 homes in what it defines as Central Singapore. Stripping out public-housing flats from the Housing Development Board in the region - about 196,000 - leaves about 128,000 private condominiums and houses in the Central region.

    That's not very many, when you consider there are 55,000 high net worth individuals (net assets of at least S$1.5 million, excluding their primary residence) in Singapore, according to the 2006 Merrill Lynch/Capgemini report. The current supply of properties looks even smaller given there are about 140,000 households with monthly incomes of above S$10,000, according to the government's 2005 household survey.

    At the very least, this suggests the current supply of private property in the Central area should be met by demand.

    But there's also demand coming from people who've participated in en bloc sales, from those pocketing windfalls from the booming stock market amid relatively low mortgage rates, and from foreign investors in the property market.

    Even more demand can be expected given Singapore's plans for an eventual population of 6.5 million from about 4.5 million now; the total population grew about 142,000 or 3% in 2006, helped by the government's efforts to woo skilled foreign workers.

    Expatriate workers have already helped push rentals to their highest levels since 1999. Demand from this group will increase - last year Singapore's nonresident workforce grew about 10%, and there were about 90,000 skilled workers and professionals among them.

    Savills Singapore says rents for private homes were up 18.5% in the past year. Citigroup thinks rental rates could rise 30-40% this year as occupancy hits record highs.

    Recent data show a shortage of supply looming with the number of private residential units due for completion at just 5,000 for 2007 and 7,000 for 2008, according to Citigroup. In 2006, there was demand for 9,000 units while 10-year average demand is at 8,000.

    All told, local and foreign demand for private property in Singapore is set to grow, which coupled with shortages in supply put the real estate market on a path for red hot growth over the next few years.


    -By Colin Ng, Dow Jones Newswires; +65-6415-4142, [email protected]

  2. #2
    Observer Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by joe
    19 Apr 2007 23:35 GMT =DJ HOT TOPIC: Boom Times Again For The Singapore Property Mkt

    Colin Ng
    Dow Jones Newswires

    SINGAPORE (Dow Jones)--Singapore's private property market is on the rise after years in the doldrums. It looks like the boom times are back for real estate, given strong demand from locals and expatriates alike.

    There's talk it's just speculation behind the frothy market - with reports of investors flipping purchases for hefty profits and anecdotal evidence of wealthy expatriates snapping up a half dozen or so luxury apartments at property launches.

    Sellers haven't been complaining, .......... local and foreign demand for private property in Singapore is set to grow, which coupled with shortages in supply put the real estate market on a path for red hot growth over the next few years.

    With reports like this from Dow Jones, UBS, etc., how not to go up further? Rejoice everyone!

  3. #3
    (Lee) Guest

    Lightbulb Re: Boom Times Again For The Singapore Property Mkt

    Good day all you property pawns. It is glorious that everyone in Singapore is happy now. Jobs are all time high, you have thousands of new jobs(security guard, cleaner, waiter, cook....). There is also a master plan for the good of all glorious citizens by bringing in new quality companions, 2 million more (China students "many working in ktvs and prostitution", very rich caucasians "have lots of money needed to be washed and laundered" and Non-resident indians "bringing in their expertise and good work attitutes to give support (replace) your jobs so that you can improve your livelyhood). Now, property prices are still in growth rate, prices like $4,000psf is not uncalled-for. Out of 15% of the population are private property owners. They will have great growth in their assets(fact is only prime areas have real growth in prices, non-prime condominium projects eg:- hillview area, are still not growing. In fact many of the owners are still in negative equity).
    Be happy, as your lives are in fact improving for the better!!!!

  4. #4
    Registered Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by (Lee)
    Good day all you property pawns. It is glorious that everyone in Singapore is happy now. Jobs are all time high, you have thousands of new jobs(security guard, cleaner, waiter, cook....). There is also a master plan for the good of all glorious citizens by bringing in new quality companions, 2 million more (China students "many working in ktvs and prostitution", very rich caucasians "have lots of money needed to be washed and laundered" and Non-resident indians "bringing in their expertise and good work attitutes to give support (replace) your jobs so that you can improve your livelyhood). Now, property prices are still in growth rate, prices like $4,000psf is not uncalled-for. Out of 15% of the population are private property owners. They will have great growth in their assets(fact is only prime areas have real growth in prices, non-prime condominium projects eg:- hillview area, are still not growing. In fact many of the owners are still in negative equity).
    Be happy, as your lives are in fact improving for the better!!!!

    Agree with you that this is a happy boom time.
    I am very happy.
    Bought a few condo, all appreciated.
    It is a good time to increase wealth from the FDI.
    Cheer!

  5. #5
    lovelee Guest

    Talking Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by (Lee)
    Good day all you property pawns. It is glorious that everyone in Singapore is happy now. Jobs are all time high, you have thousands of new jobs(security guard, cleaner, waiter, cook....). There is also a master plan for the good of all glorious citizens by bringing in new quality companions, 2 million more (China students "many working in ktvs and prostitution", very rich caucasians "have lots of money needed to be washed and laundered" and Non-resident indians "bringing in their expertise and good work attitutes to give support (replace) your jobs so that you can improve your livelyhood). Now, property prices are still in growth rate, prices like $4,000psf is not uncalled-for. Out of 15% of the population are private property owners. They will have great growth in their assets(fact is only prime areas have real growth in prices, non-prime condominium projects eg:- hillview area, are still not growing. In fact many of the owners are still in negative equity).
    Be happy, as your lives are in fact improving for the better!!!!
    We love you LEE.

  6. #6
    Citibank Guest

    Default Singapore Residential Property Prices To Rise 30% By 2008: Citigroup

    Citibank: Property Prices Will Rise By 30%
    Daryl Loo
    Channel NewsAsia
    23 April 2007 2042 hrs


    Home prices in Singapore are expected to rise much more than those in Hong Kong, over the next two years, according to Citigroup.

    Speaking at an Asia Pacific property conference in Singapore on Monday, Citigroup analysts say they see Singapore residential prices jumping by as much as 30% by 2008 compared to just 10% for Hong Kong.

    Price tags for private homes in Singapore will be on the rise for at least the next two years, according to Citigroup.

    It sees Singapore as being in the early stages of a cyclical upswing.

    This is in contrast to Hong Kong, where the cycle is on the downtrend - and expected to end by 2009.

    They say that Singapore prices are being driven by high occupancy rates, which have hit a record peak of 95.7%, and set to even climb higher over the next two years.

    Wendy Koh, Director, Asia Pacific Equity Research, Citigroup, said: "If you look at the residential sector, occupancy rate right now is about 93.9 percent as at the end of 2006. If we take into account the completion this year which is only about 5,000 units, and last year's demand was about 9,000, and on annual basis the last 10-year average was about 8,000, occupancy rates should continue to rise.

    "And if you take into account the 3,500 units that were sold en bloc last year, occupancy rate is actually closer to 95.5% last year. That is a record high as we have not seen that sort of levels before."

    Citigroup expects occupancy to rise further to 96.8 percent this year, and 97.1 percent in 2008, as the level of demand far outstrips supply.

    Over in the office sector, it is predicting rentals to rise 56% to $18.50 psf by the end of 2008, up from $11.80 currently.

    And despite the recent run-up in property counters, Citigroup sees further upside in some choice picks.

    Ms Koh said: "We like City Developments, Wing Tai, Allgreen. We also like Keppel Land for office play. For the first three stocks, it's more the residential exposure. If you look at City Dev and Wing Tai, they have been replenishing their land bank, and riding the upswing in the residential market."

    Private home prices in Singapore rose 10.2% last year, and an estimated 4.6% in the first quarter of this year.

  7. #7
    COOL! Guest

    Talking Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by (Lee)
    Good day all you property pawns. It is glorious that everyone in Singapore is happy now. Jobs are all time high, you have thousands of new jobs(security guard, cleaner, waiter, cook....). There is also a master plan for the good of all glorious citizens by bringing in new quality companions, 2 million more (China students "many working in ktvs and prostitution", very rich caucasians "have lots of money needed to be washed and laundered" and Non-resident indians "bringing in their expertise and good work attitutes to give support (replace) your jobs so that you can improve your livelyhood). Now, property prices are still in growth rate, prices like $4,000psf is not uncalled-for. Out of 15% of the population are private property owners. They will have great growth in their assets(fact is only prime areas have real growth in prices, non-prime condominium projects eg:- hillview area, are still not growing. In fact many of the owners are still in negative equity).
    Be happy, as your lives are in fact improving for the better!!!!
    hahahahahahaa.

  8. #8
    Registered Guest

    Default Re: Singapore Residential Property Prices To Rise 30% By 2008: Citigroup

    Quote Originally Posted by Citibank
    Citibank: Property Prices Will Rise By 30%
    Daryl Loo
    Channel NewsAsia
    23 April 2007 2042 hrs

    Home prices in Singapore are expected to rise much more than those in Hong Kong, over the next two years, according to Citigroup.

    Speaking at an Asia Pacific property conference in Singapore on Monday, Citigroup analysts say they see Singapore residential prices jumping by as much as 30% by 2008 compared to just 10% for Hong Kong.

    Price tags for private homes in Singapore will be on the rise for at least the next two years, according to Citigroup.

    It sees Singapore as being in the early stages of a cyclical upswing.

    This is in contrast to Hong Kong, where the cycle is on the downtrend - and expected to end by 2009.

    They say that Singapore prices are being driven by high occupancy rates, which have hit a record peak of 95.7%, and set to even climb higher over the next two years.

    Wendy Koh, Director, Asia Pacific Equity Research, Citigroup, said: "If you look at the residential sector, occupancy rate right now is about 93.9% as at the end of 2006. If we take into account the completion this year which is only about 5,000 units, and last year's demand was about 9,000, and on annual basis the last 10-year average was about 8,000, occupancy rates should continue to rise.

    "And if you take into account the 3,500 units that were sold en bloc last year, occupancy rate is actually closer to 95.5% last year. That is a record high as we have not seen that sort of levels before."

    Citigroup expects occupancy to rise further to 96.8% this year, and 97.1% in 2008, as the level of demand far outstrips supply.

    Over in the office sector, it is predicting rentals to rise 56% to $18.50 psf by the end of 2008, up from $11.80 currently.

    And despite the recent run-up in property counters, Citigroup sees further upside in some choice picks.

    Ms Koh said: "We like City Developments, Wing Tai, Allgreen. We also like Keppel Land for office play. For the first three stocks, it's more the residential exposure. If you look at City Dev and Wing Tai, they have been replenishing their land bank, and riding the upswing in the residential market."

    Private home prices in Singapore rose 10.2% last year, and an estimated 4.6% in the first quarter of this year.

    We have come a long way since 1997 and SARS. Our wealth can finally be further enhanced with this property boom. The boom cycle has just started. Let's enjoy it for the next 5-7 years.

  9. #9
    SG no1 Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by (Lee)
    Good day all you property pawns. It is glorious that everyone in Singapore is happy now. Jobs are all time high, you have thousands of new jobs(security guard, cleaner, waiter, cook....). There is also a master plan for the good of all glorious citizens by bringing in new quality companions, 2 million more (China students "many working in ktvs and prostitution", very rich caucasians "have lots of money needed to be washed and laundered" and Non-resident indians "bringing in their expertise and good work attitutes to give support (replace) your jobs so that you can improve your livelyhood). Now, property prices are still in growth rate, prices like $4,000psf is not uncalled-for. Out of 15% of the population are private property owners. They will have great growth in their assets(fact is only prime areas have real growth in prices, non-prime condominium projects eg:- hillview area, are still not growing. In fact many of the owners are still in negative equity).
    Be happy, as your lives are in fact improving for the better!!!!
    SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!SG!

  10. #10
    (Lee) Guest

    Lightbulb Re: Boom Times Again For The Singapore Property Mkt

    Another good day to all you property pawns. My media and propaganda has really worked very well, my developers are given instructions to aquire big plots of prime land at high prices to raise the benchmark of the whole area. This year will be a very rosy year for all you condo owners. All prime, sub-prime and centralized non-prime will go up in prices to give you a general boost in your assests. This year the national day parade will be held on the floating platform next to marina square. Year-end or 1st quater of 2008 will be the completion of the Singapore flyer. 2009 we will expect to see the structures of the Marina sands IR formed. 2010 genting, if stanly ho does not start to muscle in (hopefully), should be finishing the construction.
    Pawns! you will have 3 years of unlimited hype and propaganda until the Master plan is concieved. There will be many opportunities and choices of private property in the market within the next few years, so choose, but choose wisely.

  11. #11
    Student Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by (Lee)
    Another good day to all you property pawns. My media and propaganda has really worked very well, my developers are given instructions to aquire big plots of prime land at high prices to raise the benchmark of the whole area. This year will be a very rosy year for all you condo owners. All prime, sub-prime and centralized non-prime will go up in prices to give you a general boost in your assests. This year the national day parade will be held on the floating platform next to marina square. Year-end or 1st quater of 2008 will be the completion of the Singapore flyer. 2009 we will expect to see the structures of the Marina sands IR formed. 2010 genting, if stanly ho does not start to muscle in (hopefully), should be finishing the construction.
    Pawns! you will have 3 years of unlimited hype and propaganda until the Master plan is concieved. There will be many opportunities and choices of private property in the market within the next few years, so choose, but choose wisely.
    Sir! Can you hold back the foreigners for a while so that we can buy. Otherwise, there is nothing left for us.

  12. #12
    (Lee)wannabe Guest

    Talking Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by Student
    Sir! Can you hold back the foreigners for a while so that we can buy. Otherwise, there is nothing left for us.
    Pawns! just buy anything you see below $2,500psf now. You will make at least 30% in 2 years time. hahahaha. Next year you will have to buy from $3,000psf, if you have not enough i can print some extra banana notes for you.

  13. #13
    Student Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by (Lee)wannabe
    Pawns! just buy anything you see below $2,500psf now. You will make at least 30% in 2 years time. hahahaha. Next year you will have to buy from $3,000psf, if you have not enough i can print some extra banana notes for you.

    ... but the foreigners are always in front of me ...

  14. #14
    student Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Some loser actually tried to recommend geylang as a good buy, what do you think Premier? Are the foreigners buying geylang?

  15. #15
    lee con you Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by student
    Some loser actually tried to recommend geylang as a good buy, what do you think Premier? Are the foreigners buying geylang?
    Well. You're not going to change me and I'm not going to change you. We're going to prosper, you're going to prosper. But if I allowed you to tell me which condo to buy, my bank account will spiral downwards and hit rock bottom.

  16. #16
    (Lee) Guest

    Talking Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by lee con you
    Well. You're not going to change me and I'm not going to change you. We're going to prosper, you're going to prosper. But if I allowed you to tell me which condo to buy, my bank account will spiral downwards and hit rock bottom.
    hahahahahahahah!!!!!!COOL!!!!!!

  17. #17
    Geet De Clercq Guest

    Default Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Minister is bullish about growth potential but says land and labour costs must stay competitive
    Geert De Clercq + Mia Shanley
    Reuters
    Singapore
    4 May 2007

    Singapore can exceed its 3 to 5% growth potential over the next five to eight years, but will keep land and labour costs in check to remain competitive, Second Finance Minister Tharman Shanmugaratnam said on Friday.

    Shanmugaratnam, who was managing director of Singapore's central bank before entering politics in 2001, told Reuters that the government is not worried about inflation despite a planned two percentage point increase in the goods and services tax, a tight labour market, and a red-hot property market.

    He said the Monetary Authority of Singapore has a "good handle" on inflation and that the country had the lowest inflation in Asia outside of Japan. Singapore's consumer prices rose an average one percent in 2006 and the central bank expects average inflation of between 0.5 to 1.5% this year.

    "My guess is that it will probably be closer to 1%," Shanmugaratnam, 50, told Reuters in an interview.

    He also said that the strength of the Singapore dollar against the US dollar was "not a critical issue" for Singapore's exporters, and added that the strength of Asian currencies was in line with economic fundamentals.

    Shanmugaratnam added that Singapore would probably grow at the top end of the government's 4.5 to 6.5% forecast range, provided the tech inventory overhang improves, as expected, in the second half of the year.

    The price of oil, he said, was the one wild card that could derail economic growth prospects this year.

    He said the city-state could exceed its medium-term growth potential "if we keep on doing the right things, and keep on attracting people and enterprise the way we have been doing".

    "We can maintain a higher growth rate than most because we are a city-state that's much more open than most other economies. We can plug ourself into each new wave of opportunity, particularly in Asia," Shanmugaratnam said.

    He said that rising property prices and higher salaries were a logical consequence of such policies, but added Singapore would remain competitive with other financial centres.

    "We are quite confident that we will remain a lower-cost city among the high-value cities of the world. Amongst the financial centres of the world, we will remain lower cost for quite some time to come," he said, adding that office space costs were still about a third of those in London, 40% of those in Hong Kong and about 60% of those in Tokyo.

    He said that the planned new financial centre at the city's waterfront Marina Bay would ease price pressure on office space. He also said that the government would not be shy to intervene in the property market to curb excessive price inflation but said "we are not anywhere near that yet."

    "We are quite comfortable with the present stage of the cycle because the mass market is not involved in the frenzy," he said.

  18. #18
    Economist Guest

    Default Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Quote Originally Posted by Geet De Clercq
    Minister is bullish about growth potential but says land and labour costs must stay competitive
    Geert De Clercq + Mia Shanley
    Reuters
    Singapore
    4 May 2007

    Singapore can exceed its 3 to 5% growth potential over the next five to eight years, .................... that the government is not worried about inflation despite a planned two percentage point increase in the goods and services tax, a tight labour market, and a red-hot property market.

    He said .................... said that rising property prices and higher salaries were a logical consequence of such policies, but added Singapore would remain competitive with other financial centres.

    "We are quite confident that we will remain a lower-cost city among the high-value cities of the world. Amongst the financial centres of the world, we will remain lower cost for quite some time to come," he said, adding that office space costs were still about a third of those in London, 40% of those in Hong Kong and about 60% of those in Tokyo.

    He said that the planned new financial centre at the city's waterfront Marina Bay would ease price pressure on office space. He also said that the government would not be shy to intervene in the property market to curb excessive price inflation but said "we are not anywhere near that yet."

    "We are quite comfortable with the present stage of the cycle because the mass market is not involved in the frenzy," he said.

    Friends!

    1. The government is not worried about the red-hot property market.

    2. Rising property prices are a logical consequence of good economy policies.

    3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.

    4. We are not anywhere near the point of excessive price inflation in property market.

    5. The government is comfortable as the mass market is not involved in the frenzy.

    So, what are you waiting for?

  19. #19
    Unregistered Guest

    Default Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    fren... wah boh lui leh



    Quote Originally Posted by Economist
    Friends!

    1. The government is not worried about the red-hot property market.

    2. Rising property prices are a logical consequence of good economy policies.

    3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.

    4. We are not anywhere near the point of excessive price inflation in property market.

    5. The government is comfortable as the mass market is not involved in the frenzy.

    So, what are you waiting for?

  20. #20
    Snapper Guest

    Default Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Quote Originally Posted by Economist
    Friends!

    1. The government is not worried about the red-hot property market.

    2. Rising property prices are a logical consequence of good economy policies.

    3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.

    4. We are not anywhere near the point of excessive price inflation in property market.

    5. The government is comfortable as the mass market is not involved in the frenzy.

    So, what are you waiting for?

    Wah! Like that also cannoto go up, I dunno how it can go up!
    Cheong ah!

  21. #21
    Think with your brains Guest

    Post Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Quote Originally Posted by Economist
    Friends!

    1. The government is not worried about the red-hot property market.

    2. Rising property prices are a logical consequence of good economy policies.

    3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.

    4. We are not anywhere near the point of excessive price inflation in property market.

    5. The government is comfortable as the mass market is not involved in the frenzy.

    So, what are you waiting for?
    Because
    1. The government is making too much money in this red-hot market. URA selling pockets of land at record smashing prices, GLCs eg:- capitaland, keppel land and ..... cashing in tremendous amounts.
    2. Rising property prices in singapore are a logical consequence of Good hype, buzz and marketing(artificially proped up).
    3. Our pay is 1/3 london, 2/5 hongkong and 3/5 tokyo. So?
    Ministers pay 300% london, 150% hongkong, 200% tokyo.
    Country size 1/100 london, 1/2 hongkong, 1/40 tokyo.
    4. Yes, we are not. Just that only the rich can get richer.
    5. Government is definately comfortable as the 95% of singaporeans have no part of this money making sector, best part is that they still get pay rise.

  22. #22
    Big Whale Guest

    Default Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Quote Originally Posted by Think with your brains
    Because
    1. The government is making too much money in this red-hot market. URA selling pockets of land at record smashing prices, GLCs eg:- capitaland, keppel land and ..... cashing in tremendous amounts.
    2. Rising property prices in singapore are a logical consequence of Good hype, buzz and marketing(artificially proped up).
    3. Our pay is 1/3 london, 2/5 hongkong and 3/5 tokyo. So?
    Ministers pay 300% london, 150% hongkong, 200% tokyo.
    Country size 1/100 london, 1/2 hongkong, 1/40 tokyo.
    4. Yes, we are not. Just that only the rich can get richer.
    5. Government is definately comfortable as the 95% of singaporeans have no part of this money making sector, best part is that they still get pay rise.

    Wow! Great tips!

    ..... record smashing prices ..... rising property prices ..... get richer .....

    What a reassurance! I am going to be wealthier!
    Hurray!

  23. #23
    Join Date
    Apr 2007
    Posts
    152

    Cool Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Quote Originally Posted by Think with your brains
    Because
    1. The government is making too much money in this red-hot market. URA selling pockets of land at record smashing prices, GLCs eg:- capitaland, keppel land and ..... cashing in tremendous amounts.
    2. Rising property prices in singapore are a logical consequence of Good hype, buzz and marketing(artificially proped up).
    3. Our pay is 1/3 london, 2/5 hongkong and 3/5 tokyo. So?
    Ministers pay 300% london, 150% hongkong, 200% tokyo.
    Country size 1/100 london, 1/2 hongkong, 1/40 tokyo.
    4. Yes, we are not. Just that only the rich can get richer.
    5. Government is definately comfortable as the 95% of singaporeans have no part of this money making sector, best part is that they still get pay rise.
    Haha, Totally agree.

  24. #24
    Children Guest

    Default Re: Singapore Can Exceed 3-5% Growth In Next 5-8 Years

    Quote Originally Posted by hayata1972
    Haha, Totally agree.

    Now that you agree, do you foresee more records broken soon?

  25. #25
    fo Guest

    Thumbs down Re: Boom Times Again For The Singapore Property Mkt

    This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
    This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

  26. #26
    Laughing Stock Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by fo
    This website full of investors, gamblers and property agents that think that people will get brainwashed and start buying anything. So that their commitments at stake will reap in more money for them.
    This website has a bunch of Motherfxxkin axxholes with brains filled with shXt from the toilet in istana.

    Hello! If you think otherwise from the majority, just post your views. Using vulgar words doesn't prove your are right.

  27. #27
    andy Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Wah! Like that also cannoto go up, I dunno how it can go up!
    Cheong ah!
    In the past property booms of 1996 & 2000, the prices corrected dramatically by up to 40% of the peak. Assuming that the property index will increase for another 20 to 30%, are there good reasons why there would not be a correction this time?

    Developers will built more to meet demands in an boom market. This will continue until there reach excess units in the market. There is no shortage of willing enblocs....

    As long as when you buy you can afford to hold the repayments during the bad times there is no problem. If a small fraction of the investors cannot hold their repayments it is also not much of a problem. However when a many specu-investors cannot hold their repayments during the down cycle, then the dam may break.

    If we all knew when all this will occur, everyone will guarantee to be rich. The truth is that it will happen when we least expect it. Be happy for now but be prepare.

  28. #28
    Unregistered Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Mr Ku Swee Yong of Savills says, NO BUBBLE!

    Why? Cos only rich people buying. Even the speculation, which forms only a small fraction of total transactions, is confined only to the rich. Losing the 1% option money is not a problem for them.

  29. #29
    Öbserver Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Quote Originally Posted by Unregistered
    Mr Ku Swee Yong of Savills says, NO BUBBLE!

    Why? Cos only rich people buying. Even the speculation, which forms only a small fraction of total transactions, is confined only to the rich. Losing the 1% option money is not a problem for them.

    PropNex chief says Up!
    Savills chief says Up!

    So how?
    Should we say down?

  30. #30
    SAD TRUTH Guest

    Default Re: Boom Times Again For The Singapore Property Mkt

    Singaporeans are brained wash by the media, this year can go up by 20%, next year by 30%. All these are ambiguous statements thru our Media by our polictitions and institutions that gain from it. They are just interested in making the broad public go into a buying frenzy and pick up all the overpriced launches. Because when the broad market picks up, guess you gain the most? We are just individuals. They are Gov, developers, institutions, banks and property transaction companies.

    Gov gains by releasing land at extremly high prices that were either aquired cheap or even free.
    Developers gains by selling new launches at ridiculous prices, plus raise the prices of TOPed projects that still have unsold units.
    Instituions gains by buying up prime properties here and justify the purchaces by issuing shares(IPO) or diluting the share value by issuing more. Buy up more and more to push prices up as to wait for the right time for release. The best part is the money they use for these purchases are not even their money, haha, it is the public money again. Property Reits involved.
    Banks needless to say. Property market boom = Super business for banks.
    Raise interest rate, push out more bank loans....
    Property companies will get their cut/commision on every sale. The more the transactions, the more the profit.
    These are the people that say the market is booming. sounds like they have alot in stake to be un-bias when reporting news don't you think so?


    SAD TRUTH

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