Property price is coming down fast

[seletar]

http://sbr.com.sg/economy/news/chart...rk-skies-ahead

Singapore Business Review
ECONOMY | Staff Reporter, Singapore
Published: 1 hour 9 min ago

Chart of the Day: Real estate sector sees dark skies ahead


Almost 2 in 10 remain bearish.

According to SingStat's Business Expectations Survey, within the real estate industry, the majority of firms (a weighted 68%) expect business to remain unchanged for the period of Oct 2012 - Mar 2013.

A weighted 7% of firms expects business to improve, while a weighted 25% of firms projects slower business.

Overall, a net weighted balance of 18% of firms in the real estate industry anticipates less favourable business conditions.

The majority of firms in the services sector (a weighted 63%) expect the business situation to remain unchanged for the period of Oct 2012 - Mar 2013 compared with Apr - Sep 2012.

A weighted 19% of firms expresses a positive outlook, while a weighted 18% of firms expects business conditions to deteriorate. Overall, a net weighted balance of 1% of firms anticipates an improved business situation for the six-month period ending Mar 2013.

The magnitude of the net weighted balance recorded for Oct 2012 - Mar 2013 is comparable to the positive net weighted balance of 2% recorded for Jul - Dec 2012 in the previous survey. The positive net weighted balance is in contrast to the negative net weighted balance of 9% registered in the survey conducted over the same period last year

Click image to enlarge

[seletar]

http://www.bloomberg.com/news/2012-1...ring-cost.html

Panasonic May Cut More Jobs After $9.6 Billion Loss Forecast


Bloomberg.com
By Mariko Yasu and Jason Clenfield - Nov 1, 2012 9:36 AM GMT+0800


Panasonic Corp. (6752), Japan’s third-biggest employer, eliminated almost 39,000 jobs in the past year, and its chief financial officer said the TV maker doesn’t plan another round of cuts. Investors say it has to.

Even after reducing its workforce by about 11 percent --almost double the reductions at Sony Corp. (6758) and Sharp Corp. (6753)combined -- Panasonic will post a 765 billion-yen ($9.6 billion) loss in the year ending March 31, the company said yesterday. The potential second-highest loss in its history prompted Panasonic to skip a dividend for the first time since 1950 because of an “urgent need” to improve its financial position.

“They have to cut, cut, cut,” said Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo, which manages about $300 million in assets. “They’re not doing it fast enough. You have to be lean and mean.”

The loss forecast, 30 times bigger than analysts estimated, illustrates how Japanese consumer-electronics companies are failing to come up with hit products to challenge Samsung Electronics Co. (005930) and Apple Inc. (AAPL) Sony, Panasonic and Sharp are valued at near three-decade lows as investors remain unconvinced Japan’s three largest TV makers know how to rebound from slumping demand, falling prices and mounting losses.

Panasonic plunged by the daily limit in Tokyo trading today, falling as much as 19 percent to 414 yen, headed for the lowest close since February 1975. Sony declined as much as 5 percent and Sharp dropped as much as 3.5 percent.


Toyota, Hitachi

The bulk of Panasonic’s projected loss for the year ending in March will come from 440 billion yen of restructuring expenses, more than 10 times greater than what the company projected earlier. That includes a writedown of goodwill on businesses such as solar, lithium-ion batteries and mobile phones, the Osaka-based company said.

“The situation is worse than we had expected earlier, and we have a severe outlook for the second half,” Chief Financial Officer Hideaki Kawai told reporters. “Digital consumer businesses such as TV, cameras, Blu-ray disc players and PCs worsened faster than we had expected three months ago.”

Panasonic has no plan to cut jobs in significant numbers, he said.

With 321,896 workers on its payroll as of Sept. 30, Panasonic trails Toyota Motor Corp. (7203)’s 328,762 workers as of June 30 and Hitachi Ltd. (6501)’s 327,325 as of Sept. 30, according to data compiled by Bloomberg.


Debt Cost

“Cutting jobs would be the path the company has to take,”said Makoto Sengoku, a Tokyo-based market analyst at Tokai Tokyo Securities Co. “It would be good if we knew that Panasonic had considered all the negative scenarios.”

The cost to insure Panasonic debt against nonpayment for five years jumped 20 percent, or 64 basis points, to a record 380.68 yesterday, according to prices from data provider CMA.

The extra yield investors demand to own Panasonic’s 150 billion yen of 1.081 percent notes due 2018 rather than government debt jumped 19.4 basis points to a record 106.5 basis points yesterday, according to data from JS Price.

Sony has a market capitalization of $11.4 billion and Sharp, the maker of Aquos brand of TVs, is valued at $2.3 billion. In comparison, Suwon, South Korea-based Samsung, the world’s biggest TV maker is valued at $174 billion and Apple, the maker of iPhones and iPads, has a market value of $560 billion.

Sony, the world’s third-largest TV maker, and Sharp, Japan’s third-largest maker of TVs, are both expected to slash their profit forecasts for the year when they report earnings today, according to analyst estimates compiled by Bloomberg.


Rating Cut

Sony’s net income may be 5 billion yen, compared with its 20 billion-yen forecast, and Sharp’s loss may be 296 billion yen, or 18 percent wider than it forecast, according to the estimates.

“These companies are too dependent on TVs, which have become commodities,” said Yuuki Sakurai, president of Fukoku Capital Management Inc. in Tokyo. “They need to find a way to shift away from TVs.”

Moody’s Investors Service lowered Panasonic’s long-term credit rating by two levels to Baa1 in September, citing weak earnings and higher debt. Panasonic’s cash and cash equivalents fell to 443.9 billion yen as of the end of September from 574.4 billion yen in March, according to the company.


Lost Ground

Sony, Panasonic and Sharp -- once symbols of Japan’s dominance in electronics -- have lost ground in TVs, phones and tablet computers to Apple, Samsung and LG Electronics Inc. (066570) The Japanese trio posted a combined 1.6 trillion-yen loss last year as global TV shipments declined last year for the first time since 2004, and a stronger yen hurt overseas sales.

Having the most advanced technology -- once a key strength of the Japanese companies -- matters less now. Consumers are increasingly paying attention to content and apps rather than hardware specifications. Sony has forecast a ninth consecutive year of losses from selling TVs while Panasonic has lost money in each of the past four years.

“This uncertainty is common for Japan’s tech sector,”said Kazuyuki Terao, chief investment officer of Allianz Global Investors Japan Co. (4689), which oversees about 250 billion euros ($324 billion) of assets globally. “We don’t see when bad news will stop coming out.”

To contact the reporters on this story: Mariko Yasu in Tokyo at [email protected]; Jason Clenfield in Tokyo at [email protected]

[DKSG]

Haha!

At the ONE YEAR ANNIVERSAY of this silly thread that says property prices coming down FAST since Oct 2011, people still trying to do cheap stunts like counting retrenchments.

Government just announced unemployment rate at 1.9% !

Where in the whole world can we find a matching country ?

Why is our unemployment rate so low ?
Because EVERYONE loves to come to Sg to work, life and be part of our country!

We should be proud (I didnt say HaoLian ok?) of Sg and not everyday curse our country (eg property price down50% by 2015).

In fact, in our National Conversations, I feel like proposing we get rid of such undesirable elements in our society! People who live here but spend most of their awake hours cursing and wishing for bad things to happen to the country so that they can profit from it.

King of MTBs should be eliminated!

DKSG

[Kiasi]

well said

Haha!

At the ONE YEAR ANNIVERSAY of this silly thread that says property prices coming down FAST since Oct 2011, people still trying to do cheap stunts like counting retrenchments.

Government just announced unemployment rate at 1.9% !

Where in the whole world can we find a matching country ?

Why is our unemployment rate so low ?
Because EVERYONE loves to come to Sg to work, life and be part of our country!

We should be proud (I didnt say HaoLian ok?) of Sg and not everyday curse our country (eg property price down50% by 2015).

In fact, in our National Conversations, I feel like proposing we get rid of such undesirable elements in our society! People who live here but spend most of their awake hours cursing and wishing for bad things to happen to the country so that they can profit from it.

King of MTBs should be eliminated!

DKSG

[samuelk]

Haha!

At the ONE YEAR ANNIVERSAY of this silly thread that says property prices coming down FAST since Oct 2011, people still trying to do cheap stunts like counting retrenchments.

Government just announced unemployment rate at 1.9% !

Where in the whole world can we find a matching country ?

Why is our unemployment rate so low ?
Because EVERYONE loves to come to Sg to work, life and be part of our country!

We should be proud (I didnt say HaoLian ok?) of Sg and not everyday curse our country (eg property price down50% by 2015).

In fact, in our National Conversations, I feel like proposing we get rid of such undesirable elements in our society! People who live here but spend most of their awake hours cursing and wishing for bad things to happen to the country so that they can profit from it.

King of MTBs should be eliminated!

DKSG

the unemployent rate does not take into account those that are looking for jobs after 6 months. After 6 month, t would be consider that the person has decide to ecit from the workforce. So take the figure with a bowl of salt.

[Rysk]

Haha!

At the ONE YEAR ANNIVERSAY of this silly thread that says property prices coming down FAST since Oct 2011, people still trying to do cheap stunts like counting retrenchments.

Government just announced unemployment rate at 1.9% !

Where in the whole world can we find a matching country ?

Why is our unemployment rate so low ?
Because EVERYONE loves to come to Sg to work, life and be part of our country!

We should be proud (I didnt say HaoLian ok?) of Sg and not everyday curse our country (eg property price down50% by 2015).

In fact, in our National Conversations, I feel like proposing we get rid of such undesirable elements in our society! People who live here but spend most of their awake hours cursing and wishing for bad things to happen to the country so that they can profit from it.

King of MTBs should be eliminated!

DKSG

TWIST & TURN cum DIVERT ATTENTION EXPERT MR B knowing is not possible to see 50% drop by 2015.. and by paying rental already eats into his profit.. quickly go MIA..

YOUNG KOK cum INEXPERIENCE SELETAR airbase just try using his tactic only..

[DKSG]

the unemployent rate does not take into account those that are looking for jobs after 6 months. After 6 month, t would be consider that the person has decide to ecit from the workforce. So take the figure with a bowl of salt.

Frankly, I dont believe there are too many people who look for jobs for 6 months and cannot find then stop looking.

This employment rate is not like exact science but certainly is a good gauge.

You see many people unemployed hanging around meh ?

Usually if banks/MNCs retrenched, the foreigners get it first (coz they more expensive mah), and they leave quite immediately lor.

Anyway, thats what an Office Boy can see lah! Maybe the big bosses in this forum knows more - can share ? We really got many unemployed ?

DKSG

[seletar]

http://www.businesstimes.com.sg/prem...ality-20121102


Business Times
Published November 02, 2012

Uncertainty, slow economy - wage freeze a reality

Poll of employers shows 11% taking this route, up from 3% in 2011

By Chuang Peck Ming



Some 11 per cent of employers have frozen - or are planning to freeze - pay this year, up from 3 per cent in 2011, according to a poll of 141 companies -PHOTO: SPH


[SINGAPORE] The economic slowdown, pushed along by increased uncertainty, is starting to bite into workers' pay.

Some 11 per cent of employers have frozen - or are planning to freeze - pay this year, up from 3 per cent in 2011, according to a poll of 141 companies.

The quarterly poll taken by the Singapore Human Resource Institute (SHRI) and Remuneration Data Specialists (RDS), a firm specialising on compensation, shows that one per cent of the employers have or are planning to cut wages.

There were none last year.

In any case, with inflation tipped to rise 4.5 per cent and total wages up just 1.1 per cent, real pay is in for a drop of around 3.4 per cent, according to the poll.



"Many companies have moderated their expectations somewhat compared to three months ago," SHRI and RDS say in a press release. "Consequently, wage increases, bonus and recruitment plans have been moderated slightly."

"Unfortunately," they added, "due to increased uncertainty, slightly more companies have frozen wages. The companies that have retrenched or planning to retrench staff have also increased slightly."

Some 12 per cent of the employers polled have axed or are planning to axe workers this year, up from 8 per cent polled three months ago.

"For 2012, only 27 per cent of companies do not expect to retrench while most of the others were not able to make any projection," the press release says.

More than three-quarters - 78 per cent - of employers have hired or are planning to hire this year, down from 83 per cent polled three months ago.

In 2013, only 56 per cent of the companies intend to hire.

[seletar]

http://www.todayonline.com/Hotnews/E...freeze--Survey

Companies have started hiring and wage freeze: Survey

by Teo Xuanwei
TODAYonline
Updated 11:01 PM Nov 01, 2012


SINGAPORE - After two consecutive days of tepid economic and jobs data, there was more sobering news today for the Singapore worker.

A survey of some 140 companies - of varying sizes - found that wage and hiring freezes are underway and are set to continue next year.

The poll by the Singapore Human Resource Institute (SHRI) and Remuneration Data Specialists (RDS) found that about one in 10 of the respondents have frozen or plan to freeze their workers' salaries. A small proportion (1 per cent) said they were in fact looking at slashing wages.

About one in five stopped hiring this year, and a similar proportion plans to do so next year. Correspondingly, only 56 per cent of respondents said they expect to hire next year, a sharp drop from 78 per cent this year.

Bonuses are also expected to dip to between 1.5 and 1.8 months next year, as compared to this year's 1.6 to 2 months.

According to the survey, real wages - which take into account inflation - will fall by about 3.4 per cent this year, and will fall by between 0.9 and 1.9 per cent year.

On Tuesday, the Monetary Authority of Singapore, in its half-yearly macro-economic review, warned of "below-potential" growth for a second consecutive year next year, citing various economic ills plaguing the global economy.

Yesterday, a Manpower Ministry report showed that while unemployment remains low, there were fewer jobs created in the third quarter compared to the second quarter. Over the same period, the number of layoffs increased, led by the manufacturing and services sectors.

Manufacturing companies, in particular, are feeling the heat as business costs continue to rise in an inflationary environment - and freezing wages is a way out. Saga Foodstuffs, which has frozen its employees' salaries, has seen business fall by "80 to 90 per cent", compared to last year.

Its managing director Goh Hock Ho said: "The workers understand that business is poorer ... so as long as we can maintain their pay, they don't make noise."

Another manufacturer who has frozen pay and is unlikely to be able to pay bonuses said: "Things don't look like they will improve soon. If I don't maintain my wage bill, I may have to retrench some workers soon." He declined to be named as he has not announced his intentions to his employees.

The prospects look less bleak in other sectors which have yet to feel the full brunt of the global demand slump.

The construction sector, for instance, has been boosted by public infrastructural projects.

Chew Hock Seng Construction Director Alan Chew, who has already added 20 per cent more workers this year, said he is still looking for local workers because of the tightening of foreign worker quotas. "Construction projects are locked in for several months to a year, so our business has not been affected," he said.

For companies which are unable to add to their ranks, however, there is more at stake than losing out on opportunities.

Hotelier and restaurateur Loh Lik Peng said he cannot grow his business in order to cover rising salaries and rentals.

Said the owner of several local and overseas hotels, including Wanderlust and New Majestic: "We're still acutely short of labour and because there are not enough Singaporeans who want to work in this industry, wages for new hires have gone up rapidly."

[seletar]

http://www.channelnewsasia.com/stori...234843/1/.html

IMF says Greek loan talks stuck as bankruptcy looms


Channel News Asia
Posted: 02 November 2012 0213 hrs


ATHENS: Greece's negotiations with international lenders for desperately needed rescue funds some two weeks before bankruptcy looms are stuck, the IMF said Thursday, sending Greek stocks plunging.

The International Monetary Fund said the talks were stalled over the conditions for financing Greece as it seeks a two-year extension to meet fiscal goals.

While Athens has made "good progress" on fiscal and structural reforms, IMF spokesman Gerry Rice said in Washington, "an understanding must also be reached between Greece and its creditors on financing terms consistent with debt sustainability."

That news triggered a five percent drop in Athens' main ATHEX stock index, which tumbled below the 800 point level to close at 761.24 points.

Shares in banks, which are awaiting some of the rescue money to shore up their capital, were the worst hit, with the banking stocks sub-index down by 11.7 percent.

Greece, the IMF, the European Union and the European Central Bank, known as the troika, have been locked in discussions for weeks on revising terms for the country's bailout after it fell short of targets which needed to be met for the release of the next installment of funds from the three lenders.

Athens has asked for the fiscal targets to be pushed back another two years, to give it more room to rekindle economic growth after a crushing austerity programme sent it into a deeper recession than the lenders had expected.

Greek Prime Minister Antonis Samaras has said the coffers in Athens will run dry on November 16 -- when a three-month treasury bill worth five billion euros must be repaid -- unless his country receives the next 31.2 billion euros ($40.4 billion) in rescue funding.

Samaras had announced on Tuesday that his government had agreed with the mission of troika auditors in Greece on the terms of a new 13.5 billion euro austerity package needed to unlock the next instalment of rescue loans.

Accordingly, the finance ministry on Wednesday introduced a budget and a three-year economic programme pledging the required level of cuts in 2013-14.

But on the same day the European Commission warned that a debt deal with Athens was still pending. Eurozone finance ministers are due to make a final decision on the payout by November 12.

Finance Minister Wolfgang Schaeuble of Germany, Europe's paymaster, noted that considerable progress had been made in the talks with Greece "but there is still a lot of work to do."

The 2013 Greek budget gives a grim picture of the outlook for the country.

It predicted that gross domestic product in Greece -- already in its fifth year of recession -- would shrink by 4.5 percent compared with a forecast of 3.8 percent a month ago, although below the 6.6 percent decline expected for this year.

The 2013 public deficit forecast was raised to 5.2 percent from the previous prediction of 4.2 percent.

The government is planning 9.4 billion euros ($12.2 billion) in cuts which will affect mainly state wages, pensions and benefits that have already been drastically reduced over the past two years.

But it will still need to borrow over 68 billion euros next year, the draft budget said.

"If the deal does not pass... the country will be led to chaos," Samaras warned on Tuesday.

The IMF on Thursday also pushed for wealthy Greeks to pay their fair share of the tax burden amid uproar in Greece over a list of alleged tax evaders.

Greek investigative journalist, Costas Vaxevanis, was arrested Sunday after publishing the so-called Lagarde list, named after IMF chief Christine Lagarde, who in her previous position as French finance minister in 2010 passed a roster of some 2,000 Greeks holding Swiss bank accounts to the Greek government.

The crushing austerity measures in Greece, with no sign of relenting, have led unions to threaten more social unrest, announcing a 48-hour general strike starting November 6 to coincide with debates next week on the budget and other reform measures.

-AFP/ac

[DKSG]

Haha!

At the ONE YEAR ANNIVERSAY of this silly thread that says property prices coming down FAST since Oct 2011, people still trying to do cheap stunts like counting retrenchments.

Government just announced unemployment rate at 1.9% !

Where in the whole world can we find a matching country ?

Why is our unemployment rate so low ?
Because EVERYONE loves to come to Sg to work, life and be part of our country!

We should be proud (I didnt say HaoLian ok?) of Sg and not everyday curse our country (eg property price down50% by 2015).

In fact, in our National Conversations, I feel like proposing we get rid of such undesirable elements in our society! People who live here but spend most of their awake hours cursing and wishing for bad things to happen to the country so that they can profit from it.

King of MTBs should be eliminated!

DKSG

Happy One Year Anniversary to this thread !

Since you started this thread, you know how much has Singapore properties risen ? How many new units were sold ? How many resale units were sold ?

How much commercial/retail properties has risen ?

Thanks for you constant reminder of the downside risks in property investing, it makes the decision to buy even easier when you see the limited downside risks ...

Once again, THANK YOU !

Towards a steady and healthy Singapore property market !

To all those MTBs, it is really not too late to join in now ...

Remember $40B cheong out shores every month, from last last month ... with courtesy from US.

Another $138B crashing our shores real soon ...

DKSG

[Paulder]

Actually Seletar bro is just reposting what is available on the different media sources, why are some bros here so against him? I don't think he is cursing the market as these are not his personal views, they are reproduced with proper citations.

Some of the comments here remind me of the story of the Ostrich with its head in the sand.

[DKSG]

Actually Seletar bro is just reposting what is available on the different media sources, why are some bros here so against him? I don't think he is cursing the market as these are not his personal views, they are reproduced with proper citations.

Some of the comments here remind me of the story of the Ostrich with its head in the sand.

Have you seen the "Down 50% by 2015" post ? If you have you wont say that!

Seletar is Ah B !

DKSG

[Rysk]

I never said YOUNG KOK cum INEXPERIENCE SELETAR airbase (aka MR B) cursing the market..
I'm just saying he try his luck only..

I mean act blur.. but yet trying very hard..

Worst than a Ostrish with its head in the sand.. totally is a frog in the well..

Prices have been dropping in the resale market.

[phantom_opera]

Hong Kong up continuously for 6 weeks after QE3 but next week will be down due to the new CM

[Centa-City Leading Index]
114.35 (was 100 at 1997)

+1.87 % +3.82 %

[danntbt]

u need to read carefully before you comment fellow newbie.

Actually Seletar bro is just reposting what is available on the different media sources, why are some bros here so against him? I don't think he is cursing the market as these are not his personal views, they are reproduced with proper citations.

Some of the comments here remind me of the story of the Ostrich with its head in the sand.

[hyenergix]

I'm not sure if all the buyings are for own stay - probably more than half are for investment/rental. Even the strong oil & gas industry is showing weakness in Singapore. Good to have alternative views to all these bullishness.

[chestnut]

I'm not sure if all the buyings are for own stay - probably more than half are for investment/rental. Even the strong oil & gas industry is showing weakness in Singapore. Good to have alternative views to all these bullishness.

If >1/2 buying for investment and rental. I will start selling 1/2 my properties already.

No way. It's because u are in a property forum.

Check around in your office for the total and how many % bot 2nd or more property? Please do not just check among your friends. If your friends are >40 year old, % with 2 or more props are higher. If you are <35, the number of friends within same age having 2 or more props will be lesser than than > 40 and above.

[phantom_opera]

Avg joe 35 to own 2nd property is 难如登天

[hyenergix]

If >1/2 buying for investment and rental. I will start selling 1/2 my properties already.

No way. It's because u are in a property forum.

Check around in your office for the total and how many % bot 2nd or more property? Please do not just check among your friends. If your friends are >40 year old, % with 2 or more props are higher. If you are <35, the number of friends within same age having 2 or more props will be lesser than than > 40 and above.

I disagree w u.

[Leeds]

In the past, most age 30+ would buy to upgrade and sell off their existing property. Age 40+ would buy second property for investment and those age 50+ would probably buy a lot more for investment.

Give the low interest rate now, age 20+ are buying for own stay or investment (they can still stay with parents). Age 30+ are buying to upgrade and keep their existing property for investment. Age 40+ and above are buying a lot more for investments.

There are just a lot more people buying properties now for investment.

[hyenergix]

In the past, most age 30+ would buy to upgrade and sell off their existing property. Age 40+ would buy second property for investment and those age 50+ would probably buy a lot more for investment.

Give the low interest rate now, age 20+ are buying for own stay or investment (they can still stay with parents). Age 30+ are buying to upgrade and keep their existing property for investment. Age 40+ and above are buying a lot more for investments.

There are just a lot more people buying properties now for investment.

I agree w u.

[chestnut]

I disagree w u.

Ok. I am not here to make u agree w me.

That's why there will always be buyers and sellers.

Buyers think price will go up, seller thinks, I already made enough.

I am both. S I am neutral. I think I made enough I sell, I think prices will go up I buy, I think no more meat, I sell. And blah, blah, blah.

[chestnut]

In the past, most age 30+ would buy to upgrade and sell off their existing property. Age 40+ would buy second property for investment and those age 50+ would probably buy a lot more for investment.

Give the low interest rate now, age 20+ are buying for own stay or investment (they can still stay with parents). Age 30+ are buying to upgrade and keep their existing property for investment. Age 40+ and above are buying a lot more for investments.

There are just a lot more people buying properties now for investment.

That was how many years ago u referring to? Compared w now? Based on your time frame, then I can compare. Please don't tell me 1965 ok.
Hahahahaha

[Paulder]

2015 is yet to come, we can't say he is wrong or right. Just different sides of the camp.

So what if prices really come down 50% in 2015? It's not Seletar's fault also what. Why keep "hooting" him?

Have you seen the "Down 50% by 2015" post ? If you have you wont say that!

Seletar is Ah B !

DKSG

[Paulder]

Not very nice to call people names in the first place...

I never said YOUNG KOK cum INEXPERIENCE SELETAR airbase (aka MR B) cursing the market..
I'm just saying he try his luck only..

I mean act blur.. but yet trying very hard..

Worst than a Ostrish with its head in the sand.. totally is a frog in the well..

[Paulder]

Which part?

u need to read carefully before you comment fellow newbie.

[lajia]

Can't help it but to say that u sounds very familiar....

Not very nice to call people names in the first place...

[Leeds]

That was how many years ago u referring to? Compared w now? Based on your time frame, then I can compare. Please don't tell me 1965 ok.
Hahahahaha

The people buying properties in the mid 90s' and now are quite different. Wonder why the need to even mention 1965?

[dtrax]

chewre who buy pte properties these days are younger and younger.. based on what i observed from chewren around me. It is common to have chewren to hoot their first condo in early/mid 20ies