Boom Times Again For The Singapore Property Mkt

[The Truth]

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

The property market is going down now.
Come on in and buy now!
Ha ha ha!


"Eh, SAD TRUTH, can or not? You happy?"

[Bull]

CityDev chairman plans to keep some units in new residentialprojects
Kalpana Rashiwala
Business Times
10 May 2007

Kwek Leng Beng is so confident about the ongoing property bull market that he's considering retaining a portion in some new residential developments for rental income and capital appreciation.

'We'll do this selectively and it will help us even out earnings fluctuations from our core property development/ trading business,' says Mr Kwek, who is executive chairman of Hong Leong Group and its listed property unit City Developments.

This new business model is no different from keeping office buildings for rental income, he explains in a recent interview with BT.

'Residential also has a lot of potential. Let's say, I had two towers in a residential project. I could sell one, and keep the other - and maybe sell later when prices are higher, keep for rental income, or even go for an en bloc sale one day, when I will be entitled to a windfall,' he said.

The issue in today's hot property market is that 'the selling price of your current project becomes the break-even cost for your next project' because of the ever-increasing cost of buying replacement land. 'You might as well not sell your residential development, ' Mr Kwek argues.

He says that retaining a portion of units in residential developments makes sense also because residential rentals are set to appreciate further on the back of leasing demand created by the influx of foreign talent into Singapore.

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

Another compelling reason to include real estate as part of one's investment portfolio: 'If you look at Forbes' list of the world's richest persons, many of them have their wealth backed by real estate.'

Wah! Kwek LB is buying. Quickly follow. Charge!

[F1]

Reuters
Singapore
11 May 2007

Singapore will host a Formula One race in 2008, a government minister said on Friday.

S. Iswaran, Minister of State for Trade and Industry, told a press briefing that a first race could be held in September or October next year and might be a night race.

A Formula One night race would be the first in the world, although several Grand Prix drivers have spoken against it, citing safety concerns.

Singapore wants to host the Formula One race to attract more tourists and raise its profile abroad.

Kwek is buying?
F1 is coming!
Better go buy now before it hit 300 km/h!
Up up up!

[Unregistered]

Let's go ! Buy! Buy! And rich get richer $$$$$$$$$$$$$$$$

[E Heng (StanChar)]

"Recent buyers' profile are different from a year ago. Now it's foreigners and high net worth customers."

- 16 May 2007