Property price is coming down fast

[danguard]

Oh! your are referring to TWIST & TURN cum DIVERT ATTENTION cum MISSED THE BOAT EXPERT MR B??

Let me answer you why he's so bearish..

2010 - still in the rental market.. waiting for pty price to crash..
2011 - still in the rental market.. waiting & waiting for pty price to crash..
2012 - still in the rental market.. waiting & waiting & waiting & still waiting for pty price to crash..
2013 - still in the rental market.. CANNOT TAHAN PAYING RENT ANYMORE..

wow how you manage to CSI him out and that he is still in rental? power sial i like !!

[Cupcakes]

While he was waiting, I have already changed 2 jobs and bought 2 units

[hopeful]

crash coming soon
http://en.wikipedia.org/wiki/Prophecy_of_the_Popes
the next pope will be the last.

[kane]

crash coming soon
http://en.wikipedia.org/wiki/Prophecy_of_the_Popes
the next pope will be the last.

this prophecy you quote is about an apocalpyse.

by which even if you had the money the buy, there's nothing left to buy.

[minority]

this prophecy you quote is about an apocalpyse.

by which even if you had the money the buy, there's nothing left to buy.

no need to buy . just pick what he needs coz all be free mah...

[kane]

no need to buy . just pick what he needs coz all be free mah...

if we are alive to pick the derelict GCBs post the apocalypse. heh.

[sunrise]

your wife, sisters & daughters can go to my dogs cage now to wet their xxx....hahaaaa.....all the balrdy morons here are still the same....forever start personal attack....

neow chu B ran back to the rat hole.
he will be back next chinese new year.

[Rysk]

wow how you manage to CSI him out and that he is still in rental? power sial i like !!

Oh it was a long story.. since 2008..

DAVID LIM (aka MR B) been listening to his KING OF ALL FAILURE DIVA back in 2008.. keep saying "RENTAL IS GREAT"

Listened till his DIVA go MIA.. till all other Useless Followers oso go MIA.. till now only left the TS DAVID LIM (aka MR B) he himself lan lan & act blur doing copy & paste of bad news alone now..

While seeing his thread CANNOT MAKE IT already.. He acted blur & started another thread "Property price is coming down fast" over at condosg in Oct 2011 (hoping no one will know he was a FAILURE coming from sghouse)... But too bad lor

Perhaps Diva was right all along ... Looks like SG property is on the way down

http://www.sg-house.com/classifieds/...perty-284.html

[seletar]

http://business.asiaone.com/A1Busine...06-400452.html

South Korean households mired in debt

AFP
Wednesday, Feb 06, 2013


SEOUL - Lee Sang-Kuk delivers meat during the day and drives drunk businessmen home at night, but even with two jobs he and millions of other South Koreans are struggling against a tide of household debt.

Lee's situation is increasingly common in South Korea where total household borrowing hit a record 937.5 trillion won ($882.7 billion) in September last year, equivalent to more than 70 per cent of the country's 2011 GDP.

Laid off from his job in a media company in 2000, Lee opened a restaurant with a bank loan using his home as collateral. Within two years the business had collapsed forcing him to apply for personal bankruptcy.

Lee sold his house to clear the bank loan but then took out a high-interest loan from private lenders to fund the education of his son and daughter.

"Since then, life has been miserable," said the 59-year-old who confessed to contemplating suicide at one point.

"Everything I earn goes on debt repayment, and my wife works as a housemaid to meet our living expenses," he told AFP.

Lee's evening job is for an agency which provides emergency drivers, mostly for businessmen who have had too much to drink and need someone to drive them, and their cars, home.

South Korea's household debt mountain has its origins in financial reforms introduced after the 1997 Asian financial crisis that led the country's banks to turn to consumers for asset growth.

A resulting surge in mortgage lending was fuelled by a long streak of low interest rates and a general belief that real estate was a guaranteed investment.

"While US households deleveraged, especially after the subprime mortgage crisis, loan demand for mortgages increased here thanks to rising property prices," Hyundai Economic Research Institute analyst Lee Jun-Hyup said. "There's no serious threat to the banking system, but obviously it hurts domestic consumer demand," Lee said.

Once an economic juggernaut that grew nearly 7.0 per cent a year on average since the end of the Korean War in 1953, South Korea has, in recent years, entered a phase of more measured growth.

The property market has slumped and a slowing economy has resulted in job losses that have left single wage-earner families struggling to stay afloat.

Some government estimates have put the number of those at high default risk at more than 6.0 million - or more than 10 per cent of the population. Those with children of school age have the added burden of the crippling costs of extra-curricular education which is considered a pre-requisite of college entry in a hyper-competitive system.

According to Korea University professor Lee Phil-Sang, the quality of household debt is deteriorating due to an increase in the debt servicing burden of self-employed people, who make up almost a third of the workforce. At the same time, there has been a steady rise in low-income families who are borrowing just to meet living expenses.

"Household debt is like a cancer in our body," Lee said. "If unchecked, it's going to become a serious drag on the economy because loan repayments will worsen rapidly during a time of economic stress," Lee said. The lack of disposable income among highly indebted households is hampering government efforts to spur domestic demand and wean the national economy off its over-reliance on exports.

Like Lee Sang-Kuk, many middle-aged South Koreans laid off by corporations take out personal and mortgage loans to start a new business.

But commercial banks favour high-income retail consumers, pushing poorer borrowers to lenders such as savings banks and credit card firms that charge punitively high interest rates.

Lee is among an estimated group of three million people who have been blacklisted by banks or cannot get extra loans because of low credit ratings. As part of her election pledge to expand social welfare spending, president-elect Park Geun-Hye proposed a 18 trillion won ($16.9 billion) public fund to help low-income earners like Lee reduce debts.

Opposition politicians and some experts say such a fund would be little more that a stop-gap policy and have urged Park to look at a longer-term solution.

Others like Financial Services Commission chief Kim Seok-Dong, have voiced reluctance at the message that would be sent by using taxpayers money to rescue indebted households.

[seletar]

http://www.businesstimes.com.sg/prem...loans-20130209

Business Times
Published February 09, 2013

More checks to go with private home loans

30% mortgage servicing ratio for private homes likely; FIs to look at broader debt too

By Kalpana Rashiwala


BANKS may have to adopt tougher rules before granting loans for private home purchases. This is to ensure more financial prudence.

Questions may have to be asked, like what proportion of a person's monthly gross income is being used to service the home loan. The Monetary Authority (MAS) of Singapore has asked for this mortgage servicing ratio (MSR) to be capped at 30 per cent for private homes, as was done in the case of HDB flats last month.

MAS will also introduce broader rules in which the lender looks at total monthly debt payments of the borrower before granting property loans - to further strengthen the credit evaluation process.

The moves will foster greater financial prudence but further tighten credit for private home buyers, and impact the volume of property transactions, analysts say.

When contacted, MAS would not comment on whether it has any impending plan to extend a prescriptive MSR cap to private home mortgages (like the one it imposed on HDB flats as part of last month's property cooling measures). However, it confirmed advising financial institutions (FIs) that they should also consider applying the MSR to loans and refinancing facilities for private residential properties. "In addition to applying a MSR for HDB flats, MAS expects FIs to continue to be prudent in assessing the repayment ability of borrowers for all residential property loans," it added.

Talk in some circles is that MAS could roll out a more prescriptive cap on MSR for private home loans after it reviews an audit of banks' home mortgages portfolio conducted late last year.

Under the latest property cooling measures effective Jan 12, MAS has capped the MSR for home loans granted by FIs for the purchase and refinancing of HDB flats at 30 per cent of a borrower's gross monthly income. "This helps ensure more prudent lending by banks and reduce overleveraging by borrowers," MAS said yesterday in its response to BT's questions.

(For mortgages granted by HDB, the cap on the MSR has been lowered from 40 per cent to 35 per cent.)

MAS also said it will introduce broader rules on the debt servicing ratio (DSR) for property loans granted by FIs, to "further strengthen their credit evaluation process".

The DSR refers to total monthly debt repayments - including property loans, car loans, payment of credit card bills and repayment for any personal credit lines - as a percentage of a borrower's gross monthly income.

"The DSR takes on a more holistic approach than the MSR, taking into account other forms of debt repayment obligations in credit assessment. MAS is conducting a comprehensive review as FIs currently adopt varying approaches for the computation of DSR," said MAS.

Knight Frank chairman Tan Tiong Cheng said that the DSR would serve as a further check to ensure prudence on the part of banks as well as borrowers. "If this is the intention, it would be logical that banks be required to review a borrower's total outstanding debt not only when granting home mortgages but also when evaluating non-residential property loans to individuals. Otherwise, it could unintentionally cause demand for property, currently being fuelled by the low interest rate environment, to be transferred to the non-residential property sectors such as shop units, offices and industrial."

DTZ Southeast Asia chief operating officer Ong Choon Fah said that the MSR and DSR caps would affect borrowers who depend on their parents to chip in for monthly mortgage instalments, since these caps will be based on their monthly incomes.

However, this still leaves the door open for parents to help with an upfront cash payment when their children buy private residential properties, to make up for a smaller loan resulting from the MSR and DSR caps.

"The idea is to instil greater financial discipline. We cannot believe interest rates will stay low forever. If major economies such as United States and China improve, that could lead to higher interest rates. When you buy property, it is a long-term commitment; you cannot think just based on today's scenario."

Giving his take, Knight Frank's Mr Tan said the implication of the two caps is that private-home buyers will have to come up with a bigger cash down payment. "The advice from government is that when buying a property, you should buy something which, by their definition, is affordable to you, something that you can follow through in the longer term.

"If you take maximum gearing and if something untoward happens, you may not be able to service your loan. So the advice is: "Buy what you have the capacity for."

While that's good for financial prudence, "it could put a spanner in the works for someone who believes in the potential of a particular property for instance, or wants to buy it to fulfil their dream or aspirations", says Mr Tan.

[DKSG]

hahaha....just release out...

Just released out.
So dont know that US property prices have been quietly escalating.
Friends from US have lamented at missed opportunities and good properties prices has climbed up some 20% since last year!

I wont cut and paste things here la... just read some US property news yourself. Places like California (not only SF hor, those not so prime also price up liao!)

There is that many times you can MTBs.

Jetty also start collecting cobwebs liao!

DKSG

[kane]

Just released out.
So dont know that US property prices have been quietly escalating.
Friends from US have lamented at missed opportunities and good properties prices has climbed up some 20% since last year!

I wont cut and paste things here la... just read some US property news yourself. Places like California (not only SF hor, those not so prime also price up liao!)

There is that many times you can MTBs.

Jetty also start collecting cobwebs liao!

DKSG

20% off the low frankly isn't much as compared to where the peak was...

[basically]

JG

hahaaa...my dogs just released out form your wife, sisters & daughters xxxxx all the time.....

blardy useless moron can only start personal attack & lies.....instead of post news, view, analysis & information.....

dare to buy, put down real time buy now & here...if not just a con man to shout nonsense & can't unload overleveraged rubbish....

all the moronic pariah dogs, DKSG & many here, all the liar kings, know me?? real shameless to shout from a.s.s in all their postings.....real eat shyt & shyt everywhere.....wasting time...go & F your mother now lah....hahaaa.....

[basically]

SG property prices to fall 40 % by 2016

There was one important piece of news that went relatively unnoticed two weeks ago. The government set a new rule for property developers to complete and sell all developments they start within five years from now. This will end the current system of artificial price levels where developers can hold on to empty units for years and/or postpone the start and TOP when they feel the market is softening.

This combined with the upcoming supply of 70.000 units of which half are still not sold, the developers will have to put the remaining units up for fire sales when the 5 years are ending. The supply in the pipeline is rapidly increasing: 2011 = 10,889 units receiving TOP, 2012 = 12,043, 2013 = 12,882, 2014 = 20,550 and 2015 = 34,373.

Looks like the softest spot will be around 2015 and 2016 when developers have to offload all unsold units before the 5 year deadline. No one in the resale market is able to sell for current asking prices when developers will sell brand new units for lower prices.

The estimates for SG private property price decline were between 20 to 30 per cent, before introducing the new rules of 10 per cent stamp duty for foreigners and 5 year deadline for developers to sell. Taking the new factors into account, property prices will most likely decline 40 per cent by 2016.

Source:

so as expected 20% sold……if remove some insiders’ sales, plus more will drop out on the way, can hit 10% consider good….
all the morons forever shout nonsense..main media bark rubbish forever....many get conned.....
why buy now, wait for more discount later….

next 6 months, there will be another 6-8 EC launching….when all cannot move & sell…when global economy collapse….when developers cash flow tight due to debt squeezed, rate hike & more……
sell units below land price is common when market is bad & in recession…..
now >40000 new units unsold..in next 2 yrs almost another 100000 TOP….next 6 months, another near 20000 units land sales on the pipeline….why hurry, of course we still have another 100000 of resales in the market, no buyers…..
wait for huge layoff, pay cut, foreigners no renewal of permit & jobless, rub road…..
currency war, price war, deflation…..shrink & contract….
be patient….spore property down >50% by 2015 is nothing…..price & rental on the way down now…..



all the main media & govt panic again, shout what they like...all the fake & fraud & real shameless to control media this way?.....
Q3 -6.3% GDP......try so hard to con & cheat?....
only fools buy now...no buyers, face reality...stop buying, let them bankrupt....all these human rubbish....

3% discount?? can negotiate to 10% easily as others is offering 8-10% then why bother about 3%? don’t buy….those offer 8-10% discount, negotiate to 15-20% discount pus tons of freebies, legal, stamps......
price war will force them to accept your offer…..if not when crisis hit in near term, down 30% also no buyers…why buy now?? only fools buy now….
Dleedon launching at $1700 psf….official offer now is $1300, but many sell for $10xx in the market, why bother about developers offer price, cut deep deep on their price or buy from others……Dleedon already down almost 40% from launching price now….more to come…..same to most projects, if they don’t cut as much, don’t buy…..more plunge to come….

market so strong, why give so much discount, freebies & sweeteners?? because not moving, no sales.....
discount getting greater each week....wit for global market total collapse......coming on the way soon....




property is for living...not speculate or manipulate...what is govt doing?? developers? lawless?.....
nett price?? criminal act?.....do & shout what they want...from main media to GLC?.....
robbing? all the fake & fraud anything & anyhow.....this is spore system in history?......FULL ENFORCEMENT? more like con all the way...sit on it easier....
hard truth will be out.....all bubble will crash....xxxx robbers without mercy....no law to let them pay back?? they can fix any price & data they like?? vote them out is the only way.......



7 mil population? car on the road, cannot move…MRT cannot get up…no beds in hospital forever, school at 15km away & take 3 hrs to reach……1 SARS, few $100k of people gone….no food once weather & natural disastrous….time to squeeze spore to death, build a nuclear plant 2km away from spore in Johore…..stop sporean from going to Malaysia if malaysia change govt, many will bored to death……tons more…..
buy a property now & work like a dog for next 30 yrs……cannot stop work, layoff, serious sick, parent & family problems, pay cut….& property sure burst…..no mercy & deserve it to be slave….



if they use or raid national reserved saved by native sporean to build all rubbish to cater for 7 millions of import rubbish, then a bankrupt is very likely possible....
congested, pack, no space is a pressure cooker by itself.....will just explode anytime....
they treat old & their parent like dirt.....this is what their parent taught & set example to them....

[basically]

Developers are truly greedy despicable cheats... inflating the caveat price, hiding the true price, manipulating the property price index , and lying about the actual sales numbers to consumers. And the unknowing consumers upon seeing the inflated caveat prices from the developers' price deception and manipulation, ended up being conned to pay more to the developers for their units.


http://www.straitstimes.com/premium/...rices-20130126

Straits Times Forum
Published on Jan 26, 2013

PROPERTY SALES

Concerns over practice of inflating prices

HAVING visited several property launches over the past year, I wish to share some observations ("Tough action to cool property market"; Jan 12).

To create a rising price scenario, developers commonly mark up the selling price of their units, and then offer discounts or rebates in the form of furniture vouchers and stamp duty refunds.

As buyers, we are advised to lodge caveats based on the higher price before the discounts and rebates, so that we can qualify for higher bank loans.

While most banks require buyers to declare the purchase price and discounts, many people do not do so in order to qualify for higher loans.

This benefits the developers as it will show an increase in the residential property price index, which in reality may not be the true price transacted.

Unfortunately, this strategy of price manipulation has now spread to the resale market.

Of late, some owners who may have bought several units in new launches are now offering refunds and cashback.

As is the case for new launches, a buyer must agree to lodge the caveat based on the seller's inflated asking price, and refunds via a cashier's order will be given on the completion date.

The price lodged in the caveat requested by the seller is to support the bank valuation as well as show price increases to generate future sales for the seller.

This is a grey area that I hope the Monetary Authority of Singapore and Urban Redevelopment Authority (URA) can address as it may have legal implications.

I also encourage the URA to conduct thorough checks on claims by developers of their projects selling like "hot cakes".

This is because when one checks the URA's actual sales figures later, they are often lower than what was initially claimed.

It would be helpful if the URA could publish a monthly update of all recent project sales and units left unsold.

Lastly, I thank The Straits Times for publishing both the caveats and actual rental prices of private properties. This is a positive step as it allows for transparency and helps buyers and tenants make informed decisions.

David Lim Beng Heng

Developers giving cash rebates and sellers stamp but makes SG banks ultra-vulnerable.




For couples: Use one downpayment for buying 2 units.








so mark up price for buyers to loan more than they can….MAS keep quiet? close 2 eyes? or they are the one pushing it from behind?? so still can loan up to 90% or even 100% if you know what to do….S$1 mil property, transacted at $1.5Mil, then can borrow almost S$1 mil yet can get $500k rebate for 2nd property…..can loan some more for 2nd property….hahaaaa….very nice…when market collapse…total collapse…domino fall 1 by 1.....

hedge funds sliva must be dripping when they look at all these……get ready to short he whole spore market & economy down…..especially banks & developers counters.....if bankrupt, no bailout...…
so you think you see URA price is the nett price?? cut 20-30% or even more is the actual selling price….

so desperate to do all these ‘illegal’ & ‘lawless’ transaction in spore…are GLC inside??.....this is worse than subprime….it will crash harder than subprime……

creative accounting?? fake, fraud, lies & manipulation…..sure burst & explode....down>50% by 2015 is nothing.....






MAS better check thru' all mortgage loan with all banks, any violation, take action...top up or auction sales immediately.....
khaw better hands on, go thru' all policy on all owners & developers.....confiscate once violate....law by law OR lawless....govt decide.....
sporean will decide on their vote.....also legal action if need to.....


PM also admit supply is very low few yrs back & they made mistakes.....so khaw better launch more now, 70k-100k units/yr irregardless anything happens, over-supply is better than under supply.....or PAP sure lose 2016 election.....let do it FEARLESSLY, PAP govt is easily replaceable, spore has totally no problem without PAP.....

[basically]

Originally Posted by alpha


Bank issued housing loans grew $3 billion in one month from Oct to Nov, private debt up to 165% of GDP.

Total bank loans in November 2012 = $481.7 billion (165% of GDP)

Business loans = $277 billion (94.9% of GDP)

Consumer loans = $204.8 billion (70.1% of GDP)

Housing loans = $150.3 billion (51.5% of GDP) , this amount excludes cpf issued housing loans for HDB, if included the total housing loans in s'pore could be over 100% of GDP.


http://www.channelnewsasia.com/stori...245279/1/.html





all the borrowing & all the debt…..
property is not asset, is leveraging, gambling & debt…..
this is huge, close to Japan debt to GDP level....no return & exit path if continues..….once property bubbles burst, all the saving gone, only left debt to pay back in the rest of life….
same to developers….all is about debt & debt squeezed….cash flow dry up, default & bankrupt…so stop buying, let weak developers & holders bankrupt….some at the verge of breaking, so no 2015, no buy….if any fake & fraud try to rescue, don’t get conned by manipulators, will have hedge funds to short them down, then we join the short to bankrupt of these developers……

spore, with population up, GDP down, debt up....bad sign...many rely on debt to survive, once debt squeezed, many will bankrupt...
productivity negative growth, more waste....many will unable to service loan once layoff, cut pay & rental down.....best time to squeeze now...
with rate on uptrend now...sudden surge due to global currency war....be patient......




we are at biggest bubble in human history today due to printed $$ & debt of US$1500 trillion…..
all bubble will explode, will start to see this yr….can’t grow anymore globally….risk is too high….once 1 run all run…1 down all down….only fools still gamble on taxpayers’ & others money…all these human criminal should execute all…explode & implode starting this yr...total collapse......

Cash-strapped Singaporeans limit expenses in 2013: survey
36 minutes ago








nice one….all the debt & cash strapped now….
debt to GDP almost 200% now….
once debt squeezed…all bankrupt….like 1997 asia financial crisis…hedge funds notice it now….

with more layoff & pay cut, plus inflation due to food & oil price to cut into disposable income…plus rental down or no tenants now….once squeezed, all collapse….
be patient…on the way now…printed $$ turn in to debt & bubble, once burst, all evaporated & debt has to pay back as slave for next 20-30 yrs…they deserve it, no mercy…..



many will be bankrupt by 2015.......

[basically]

so many moronic pariah dogs panic & desperate liao.....bark like crazy fool.....
wasting time moron......same as cityshyter.....shout nonsense in this bear thread.....so worry & stressful.....

S$1k-2k/m jobs aplenty, who want? not enough to survive.....
once property bubble burst...tons of bankrupt.....like US subprime collapse, all paper gain gone, nett worth down 40%, all no money, no jobs, stop spending...those with huge debt...will be slave for next 20-30 yrs.....

still got 6.9 million population. ask pm long to e-mail Bernanke whether will he support or not? he Bernanke stops printing papee's 6.9 million dream will be gone as well.

all the rubbish...swiss standard by 2003....70/30 private/public house by 20xx.....reality?? all failed....
shameless xxxxx.........
6.9mil, NOT 7 mil...you know they are playing game again.....whole bunch of rubbish....

to keep their promise....keep launching 70k-100k units/yr from now on is great!!...make sure to keep track...

but whatever will be will be...will come will come...global economy & financial system collapse on the way.....property crash>50% by 2015 is easy now....

get in another 2 millions junk...spore will sink to Indonesia 500 million, so what?? India??.....last 2 yrs already proven.....bigger population, real GDP down -5%, out put down, export down......really raiding reserved with human rubbish......


6.9 mil?? give away spore to these rubbish junk & leaders...no big deal.....got so many better place to live a better life than this hot & humid sardine can, squeezed & stink....when SARS or crisis or turmoil, all will abandon spore like Dubai or even worse, take luggage pack & go.....just a hotel 81 to them...

by 2030, NOT tomorrow...another 17 yrs from now?? by then all forgotten....con man shouting again??....lip service forever....when funds want to short, they will still short it down more than Greece when it comes.....



7 mil in a red dot, they know what it imply?? people will be super kiasi & kiasu to rush for anything like beggers…..real pressure cooker & hot temper, sure spore weather is super hot….tons of body & space conflict….squeeze in a hot & humid sardine can, fight everyday….car? big house? space? fresh air? when SARS comes, when JB build a nuclear plant, when Malaysia changes govt & don’t allow sporean to go over….when…..hahaaaa…..be patient, once happens, will come overnight like CLOB…..better have a quiet, serene, cosy, spacious & better weather & environment….may be by 2030, only 2 mil….all run road…hahaaaa…



In panic mode & anyhow bark now??....that is very dangerous.....we know who is very buay zhai, 1 look you know....outside world is no mercy once they know you are sick, kill!!......


monopolised BTO is totally a joke….
how to meet demand whether they plan or not if BTO…..now they shout all the bullshyt & no-sense to cover their backside….
pre-build 100k units to meet their plan NOW….or stop shouting nonsense…..what monopolised BTO rubbish…..
this greed & evil govt…no need to argue if they don’t tell the hard truth….twist & turn is their expertise since day 1?….
forever make mistakes…forever move on…whether is on purpose….
if still have sporean with a heart, vote for them in 2016, something is very wrong…..
FEARLESS, vote them out…they are easily replaceable…..



they can shout whatever nonsense, 7 mil or gracious or..…to me, is just a irresponsible human rubbish….
time will prove it…..shame….not sincere & honest rubbish & family…..
good thing to shout?? said 100x, must have the gut to do RIGHT thing…good thing is useless because is 100% wrong when they shout in desperation…..


7 mil? Japan 200 mil, property also down 90%...US, 300 mil down 60%...tons more...HK 7 mil in 1997, down 60-70%.....
7 mil or 6.9 mil?? you think XXX dare to guarantee?? if 2030, not 6.9 mil, all his grandson chop off K KJ?? hahaaa....if 7 mil squeeze in this hot & humid sardine can....all the fools can have it....inside pressure cookers, rubbing shoulders, kiasi & kiasu to fight every minutes in everything, go ahead to have fun in all tension & live in zoo or dog cages & bite each others with full mouth of hairs & blood everyday...also when SARS hit again, fight with those uncivilised.....hahaa....

[basically]

so many moronic pariah dogs panic & desperate liao.....bark like crazy fool.....
wasting time moron......same as cityshyter.....shout nonsense in this bear thread.....so worry & stressful.....

S$1k-2k/m jobs aplenty, who want? not enough to survive.....
once property bubble burst...tons of bankrupt.....like US subprime collapse, all paper gain gone, nett worth down 40%, all no money, no jobs, stop spending...those with huge debt...will be slave for next 20-30 yrs.....

still got 6.9 million population. ask pm long to e-mail Bernanke whether will he support or not? he Bernanke stops printing papee's 6.9 million dream will be gone as well.

all the rubbish...swiss standard by 2003....70/30 private/public house by 20xx.....reality?? all failed....
shameless xxxxx.........
6.9mil, NOT 7 mil...you know they are playing game again.....whole bunch of rubbish....

to keep their promise....keep launching 70k-100k units/yr from now on is great!!...make sure to keep track...

but whatever will be will be...will come will come...global economy & financial system collapse on the way.....property crash>50% by 2015 is easy now....

get in another 2 millions junk...spore will sink to Indonesia 500 million, so what?? India??.....last 2 yrs already proven.....bigger population, real GDP down -5%, out put down, export down......really raiding reserved with human rubbish......


6.9 mil?? give away spore to these rubbish junk & leaders...no big deal.....got so many better place to live a better life than this hot & humid sardine can, squeezed & stink....when SARS or crisis or turmoil, all will abandon spore like Dubai or even worse, take luggage pack & go.....just a hotel 81 to them...

by 2030, NOT tomorrow...another 17 yrs from now?? by then all forgotten....con man shouting again??....lip service forever....when funds want to short, they will still short it down more than Greece when it comes.....



7 mil in a red dot, they know what it imply?? people will be super kiasi & kiasu to rush for anything like beggers…..real pressure cooker & hot temper, sure spore weather is super hot….tons of body & space conflict….squeeze in a hot & humid sardine can, fight everyday….car? big house? space? fresh air? when SARS comes, when JB build a nuclear plant, when Malaysia changes govt & don’t allow sporean to go over….when…..hahaaaa…..be patient, once happens, will come overnight like CLOB…..better have a quiet, serene, cosy, spacious & better weather & environment….may be by 2030, only 2 mil….all run road…hahaaaa…



In panic mode & anyhow bark now??....that is very dangerous.....we know who is very buay zhai, 1 look you know....outside world is no mercy once they know you are sick, kill!!......


monopolised BTO is totally a joke….
how to meet demand whether they plan or not if BTO…..now they shout all the bullshyt & no-sense to cover their backside….
pre-build 100k units to meet their plan NOW….or stop shouting nonsense…..what monopolised BTO rubbish…..
this greed & evil govt…no need to argue if they don’t tell the hard truth….twist & turn is their expertise since day 1?….
forever make mistakes…forever move on…whether is on purpose….
if still have sporean with a heart, vote for them in 2016, something is very wrong…..
FEARLESS, vote them out…they are easily replaceable…..



they can shout whatever nonsense, 7 mil or gracious or..…to me, is just a irresponsible human rubbish….
time will prove it…..shame….not sincere & honest rubbish & family…..
good thing to shout?? said 100x, must have the gut to do RIGHT thing…good thing is useless because is 100% wrong when they shout in desperation…..


7 mil? Japan 200 mil, property also down 90%...US, 300 mil down 60%...tons more...HK 7 mil in 1997, down 60-70%.....
7 mil or 6.9 mil?? you think XXX dare to guarantee?? if 2030, not 6.9 mil, all his grandson chop off K KJ?? hahaaa....if 7 mil squeeze in this hot & humid sardine can....all the fools can have it....inside pressure cookers, rubbing shoulders, kiasi & kiasu to fight every minutes in everything, go ahead to have fun in all tension & live in zoo or dog cages & bite each others with full mouth of hairs & blood everyday...also when SARS hit again, fight with those uncivilised.....hahaa....



6.9 million population projection is "worst case scenario": Khaw

SINGAPORE: National Development Minister Khaw Boon Wan has stressed that the projected 6.9 million population by 2030 is the "worst case scenario".
In his latest blog post, Mr Khaw said the government hopes that the country does not reach that figure and added that it may never reach it.

what a joke....only cow shouted? PM? DPM? to boost market? or to con? clear signal or on purpose??.....whatever..all these nonsense....real panic...all pariah dogs shut up now....all the morons....
now 6 mil?? 3 mil??.....who care, time to crash, will crash...end is here...down>50% by 2015...stop buying, no 2015, no buy... no down>50%, no buy.....




Feb 16, hong Lim….whether is 1k or 1 million people….all should sign petition….to impeach? to ask PM & PAP govt to resign?.......[/size]

[basically]

Kepland, Crapland, wing tai, ho bee....what is their share price in 2007/8 compared to now?? all share price down 40-60%, why?? why share price still down so much, down more than STI in percentage?? better sales? better profit? better price? then why share price down 40-60% compared to 2007/8?? why funds dare not buy if property is so strong?? all sacred to shyt in their pants instead......if not fake, fraud, lies & manipulation, their share price will be even lower.....

who dare to buy if market suddenly crash down like tsunami sweep thru'......only those who want to unload keep shouting in main media & in this thread, both stock & property.....so worry & panic.....
kepland at almost $10, crapland almost $9, wing tai almost $5 in 2007/8......what is their price today?? down 40-60%.....what happen?? all the fake & fraud, wait for crisis hit, all will crash down, my forecast for crapland share price in 2015 is $0.7, down 80% form here.......same to most property counters....
crapland only sold 350 units of spore property this yr, shout what??.......
go & look at their debt, huge, all the property developers, once banks squeeze their debt...many will default & bankrupt....
only fools buy property now & buy spore property....go US, Europe & many country in the world...tons of value for money, only frogs in well buy spore property today.....like hot sardine in the can, cage in the air.....you can live in huge landed with tons of space, latest design with nice surrounding, weather, shopping malls, highway, fastest broadband, better medical & education & tons more at a fraction of price.....

read inside this thread for all the hard truth of spore property.....
no 2015, no buy...s[pore property down >50% b y 2015...spore already in recession...huge retrenchment, pay cut on the way.....GDP down, GDP per capita down, median income around $2000/m, can afford?? HDB ceiling is only $8000/m, what can they buy?? raise?? already 80% stay in HDB, govt want to raise it to 95%?? what govt shouted this percentage?? 70/30 by 2003?? 60/40 by yr 20xx?? they are all going backward & down & sink....

Just now on TV Thaman said he would not allow property price to go further up if not when correction come, property will crash very bad. This latest CM is to crash the market slowly but I think came one year to late. Govt must have been reading this thread! Hahaha!

whatever....price will only go down from here...the later you sell, price will be lower....
this down trend will last 15-20 yrs due to huge debt globally.....much worse than 1997...1997 already took 10 yrs of down trend....
huge wave of retrenchment, stock market crash, rate hike, tax hike, currency & all kind of war, epidemic pandemic....globally from US to Europe to Japan & asia....all is coming & all will unfold 1 by 1......

then later the cooling measures, more casualty, more weak holders, crash harder & sooner....
last 1 yr, they can shout whatever price, no buyer, not transacted price...they can do insider trading lawlessly to shout in main media....
cost to support is much higher now, land kena stucked now...stop buying, let them bankrupt.....developers with pile of cash?? my foot, with tons of DEBT instead, if banks squeezed, most will bankrupt straight away......the day is coming.....




list price is pure joke, selling price is laughing till falling from chair….cut 30% is nothing or walk away….they can shout whatever price, can't sell, don't buy….
buyers' market now….don’t sell get lost, ignore & wait for bankrupt or 40-50% cut…..
rental already crash….yield below 2-3%....yet many cant rent out, rent out can't get rental, drill & paint & knock wall, damaged furnitures, squeezed in 10 in a unit…..stink!!....
many lost money in property if they sold today…all bullshyt…..so don’t buy & stop buying…only fools buy & lost all their life saving & be slaves for next 20-30 yrs…..no 2015 no buy…no down>50% no buy…..



GDP at 0%....CPI at 4.5%....real GDP -4.5%.....at GDP -4.5%, junk stock also can drive up…..all the fake & fraud, morally is all wrong…let bankrupt, bankrupt…let failure, fail….time is here, all bubbles burst anytime…..

[basically]

Latest: This week's case-study from meeting:

REFLECTIONS AT KEPPEL BAY
Bigger >2500sqft units

$4,413,277
Area: 2,648sqft
Unit Price: 1,667psf
Jan-13

$4,630,000
Area: 2,573dqft
Unit Price: 1,800psf
Late Nov-12

$6,050,000
Area: 2,605sqft
Unit Price: 2,323psf
Early Nov-12

$6,225,600
Area: 2,594sqft
Unit Price: 2,400psf
Oct-12

price down 30-40% within 3-4 months……almost S$2mil price down....worse to come...
moron starts to shout floor, stack…..cheaper one probably better unit…..property agent will search….
more to come…come down to $1100-1300 psf is nothing by 2015…..
only moron still buy OCR & RCR…..price will go down to below $500 psf or even lower…..
when market crash…shout what also no use, population or interest rate or PAP or….this time is total collapse, banks may bankrupt & no bailout...no need to pay back if bank bankrupt?? you will bankrupt 1st before them...…..

[basically]

Agreed. The warning signs for crash are already here.

- Rapidly growing vacancy rate and large oversupply with the avalanche of new homes completed within 2013-2015 and huge numbers of unsold units by developers. Developers' sales volume had plummeted 69% in Q4 2012, and developers' sales volume will probably plummet 50% in 2013 unless prices are reduced significantly.

- Global economy remains bad and demand continues to shrink. S'pore real GDP is already in recession and business remains bad in Q1 2013 due to poor demand. S'pore's high operating and living costs have make S'pore uncompetitive. it's recently reported that MNCs have already froze hiring in S'pore, manufacturing firms and banks are retrenching, SMEs are struggling with high operating costs and poor business, many high pay FTs are already either retrenched or big paycut, foreign labour being reduced by govt to save S'porean jobs in the slowdown. All these have caused rental to sink and will get worse with increasing oversupply.

- Fed will likely end QE this year and interest rates will shoot up when that happens, the holding power of many investors and developers will be greatly affected.

By Romesh Navaratnarajah:Singapore's sweeping package of property cooling measures to curb rising home prices not only applies to foreigners buying properties in the city-state, but has gone one step further to include permanent residents (PRs) and citizens.

Introduced last Friday, this is the government's seventh round of measures since 2009 and includes a stamp duty hike of between five and seven percent across the board, tighter loan-to-value (LTV) limits on second housing loans – down to 50 percent from 60 percent and an increase in the minimum cash down payment for individuals applying for a second or subsequent housing loan – raised from 10 percent to 25 percent.

Industry watchers are convinced that the new policies will hit the market hard.

"The hefty ABSD of five percent for PRs for the first property, seven percent for Singaporeans' second property purchase and 15 percent for foreigners will have a drastic impact on the sales volume of private properties in the coming months. Sales volume is expected to drop by more than 50 percent



So property agents or property speculators or property investors, pls queue orderly at bedok reservoir and do NOT wear red.

monthly sales down from 2600 to 1000 units in 2 months....down almost 70%....if remove insider trading, transaction will be much lower....let them play till died....
no buyer, still want high price? price cut 30-40% now, also don't buy.....let developers & weak holders bankrupt.....
rental already down, no tenants now due to no renewal of work permit, many expat send back due to cost cutting & layoff.....especially banking....
spore Q3 GDP at -5.9%...Oct & Nov NODX export continue to down further....this Xmas holiday, many already in no paid leave, factory shut down for long time due to no order & demand.....cut jobs & spending fast before bankrupt....many already closed down in last few weeks to months...more to come...still hire? bankrupt fast......

no need to bother to look at market now, only fools buy now, they will lose few $100k to few $mil by 2015, they deserve it...wait for huge retrenchment, many auction by banks & run road by foreigners......no 2015, no buy....price down>50% by 2015 is nothing.....

let wait for the monthly sale below 500....will see all the panic buttons anyhow press....rush to exit & cut price like mad.....



so sales down almost 70% now.....no more greater fools....wait for the greatest fools to run road, last one to run, 1st to bankrupt.........
let see how much insider trading can create wonder or collapse fast......



still have tons of 3 bedroom EC selling at $600k+ & no takers.....hahaaaa.....they can shout & trade themselves.....only fools get conned.....


many selling at lost now...soon will be negative asset, as no buyers when stock market crash down & huge retrenchment sweep thru'....
with rate hike creeping up slowly & sudden surges when currency war & bond crash.....
wait patiently...coming.....



all these shameless rubbish drive price using printed $$ without value & economy based…real human rubbish…all the fake, fraud, lies & manipulation…these are criminal act….not free market, not strong one prevail…these are useless weak human dogs of global leaders, jail & kill, spore??..…all fake & bubbles will burst, starting now...be patient, evil will sure lose...time is now...




tons will sell at lost if they bought in last 2-4 yrs to sell now……don’t buy from them, wait for huge retrenchment, no tenants or much lower rental now, rate hike…..even cut 30-40% also don’t buy…..price down >50% from now is nothing by 2015….so no 2015 no buy….no cut >50%, no buy….
coming crisis, no more QE as QE is total failure to cause global bankrupt.....instead rate surges to sky, tons of layoff, deflation & all asset bubbles crash for 10-20 yrs & no recovery......




buy is easy...sell is no way now, unless cut deep lost....

[basically]

100 buyers pulled out from Q Bay Residences Pre-booking.

Great Singapore Property Sale now on!

Discounts galore for many new private residential properties.

Today news annouced developer giving 24% discount...the price war JUST begin!

24%...still negotiable to 25%, 30%?.....
price war already started…better dump fast before price collapse, rate hike on the way, global currency war already started, tons of layoff & pay cut ongoing now, GDP down, output & export down, business plunge, no demand, global in re cession, print $$ already no effect as no junk to buy using money now, super high risk & collapse anytime….

no jobs, no tenant, no buyers…rental & price down….there is much better value property around the world, when US & western world property up, asian property will c rash hard…..so cheap & nice property at a fraction of price…..

tons of supply on the pipeline….>40000 unsold new units, many sold for 2-5 yrs still no takers….plus another 100,000 resales units…plus another 90k-100k of new completed in next 2 yrs…..of course khaw already said 25k of BTO this yr, can increase another 7k units….land sales must dump out more since developers so interested….

globally, all kind of wars looming…currency, trade, military, chemical & biological…fight for business & jobs for their people, no more win-win, fight for survival now….time is now, clash to crash……whether to send back gold, sell US bond, buy other’s currency, import taxes, protectionism…..

be patient..spore property down>50% by 2015 is nothing…..developers gives 24% discount is nothing…down 30-40% also don’t buy…stop buying, wait for weak holders & developers to bankrupt, then buy….





many still living in denial, especially resale, refuse to cut >20%, then stop buying from them.....ignore totally, no down >50%, no buy...no 2015, no buy....stop viewing, ignore property agent completely....let them bankrupt & crash...let developers run 1st, last one to run, 1st to bankrupt....

[basically]

Developers are truly greedy despicable cheats... inflating the caveat price, hiding the true price, manipulating the property price index , and lying about the actual sales numbers to consumers. And the unknowing consumers upon seeing the inflated caveat prices from the developers' price deception and manipulation, ended up being conned to pay more to the developers for their units.


http://www.straitstimes.com/premium/...rices-20130126

Straits Times Forum
Published on Jan 26, 2013

PROPERTY SALES

Concerns over practice of inflating prices

HAVING visited several property launches over the past year, I wish to share some observations ("Tough action to cool property market"; Jan 12).

To create a rising price scenario, developers commonly mark up the selling price of their units, and then offer discounts or rebates in the form of furniture vouchers and stamp duty refunds.

As buyers, we are advised to lodge caveats based on the higher price before the discounts and rebates, so that we can qualify for higher bank loans.

While most banks require buyers to declare the purchase price and discounts, many people do not do so in order to qualify for higher loans.

This benefits the developers as it will show an increase in the residential property price index, which in reality may not be the true price transacted.

Unfortunately, this strategy of price manipulation has now spread to the resale market.

Of late, some owners who may have bought several units in new launches are now offering refunds and cashback.

As is the case for new launches, a buyer must agree to lodge the caveat based on the seller's inflated asking price, and refunds via a cashier's order will be given on the completion date.

The price lodged in the caveat requested by the seller is to support the bank valuation as well as show price increases to generate future sales for the seller.

This is a grey area that I hope the Monetary Authority of Singapore and Urban Redevelopment Authority (URA) can address as it may have legal implications.

I also encourage the URA to conduct thorough checks on claims by developers of their projects selling like "hot cakes".

This is because when one checks the URA's actual sales figures later, they are often lower than what was initially claimed.

It would be helpful if the URA could publish a monthly update of all recent project sales and units left unsold.

Lastly, I thank The Straits Times for publishing both the caveats and actual rental prices of private properties. This is a positive step as it allows for transparency and helps buyers and tenants make informed decisions.

David Lim Beng Heng

flextronic is closing down joo koon factory. workers going to be retrench.

this is former Natsteel factory...probably the one in kallang also closed down liao.....few thousands workers retrench totally?.....
Wincor Nixdorf in Kallang factory also closed down & sold.....
when will flextronic close their global HQ in Changi/Simei?? how about SCI in Depot? Celestica in woodland? time for Seagate to be out.....HP too.....

Venture is even more fun....Heard HP pull out all their printer from Venture, almost 80% of Venture business depend on HP...without HP now, Venture share price still can at $7-$8??? hahaaaaaa....$0.7 also not worth.....

all the fake, fraud, lies & manipulation......fun & joke.....all should close down & share price crash 90%.......this is stock market today, all the worthless penny, trade like existence...company near bankrupt, share price up, weak one prevail, human crash down, bernanke act, shame.....
same to all property & developers counters in spore.....hahaaa.....


strong?? why so many close down & layoff.....last 6 months output & export down, last Q3 GDP at -6.3% & all the manipulation.....
more & worse to come....


For OCR property is simple...no below $600 psf, no buy.....many will go below $500 psf by 2015....some even below $400 psf....this round, end result will be much worse than 1997...let them bankrupt, weak one c an go to die, no mercy, act smart, deserve it.....






URA on price of property MUST be the nett buying price exclude all discount, freebies, sweeteners, stamp, legal, loan rebate, cash rebate……
govt must ensure real nett selling price or khaw just sit on it & do little on his S$mil salary coming from taxpayers….
don’t get conned….many insiders’ can get 30-40%, why you only get 15-20%?.....stop buying, let them come to you at deep cut or just ignore totally….all the under table illegal act yet govt closed 2 eyes??....whether are banks or developers or....govt involved?..…



all the fake & fraud price of spore property....so URA price easily adjust down 20-30%?.....plus insider trading fake price.....so stop buying, let it crash down 1st....no down 50%, no buy....

[basically]

There is a new detached house in the market for sale for more than 6 months still left unsold, asking for $7.8m, now the asking price has dropped to $6.5m !!!

it's happening, first buyer vomit blood
There are a few landed houses for sale within a new condo development in kovan. The second landed unit is just sold at appx $500K cheaper than the first transacted landed unit. Within 2-3 months, half a million paper loss.

Oct-12
$3,754,000
3,875sqft
$969psf

Jan-13
$3,180,000
3,703sqft
$859psf


down almost 20%...if including all charges, legal, stamp, comm…...easily 23% or more….if with absd or asd or…lost will be much higher…price will down mush faster & more from here….stop buying, don’t buy…wait for force sell. auction, bankruptcy & run road……such case, no below $500 psf, no buy……

above is the same….down almost 20%, can’t even sell…must cut 30%...40%...fast enough or no more buyers’, out fast or lost more later….financial crisis is here or huge retrenchment, tons of sellers run road……
be patient…..QE has no more effect….next crisis will not have anymore QE…instead reversed of QE to pay bac k all debts in last 50 yrs…..price will down & down…better run fast or bankrupt…..same to developers or owners….



lost till teng kor….lost $500k or S$1.5mil is nothing in property….this is just the beginning….tons will lost all their saving & in debt of few S$mil, work like slave to pay back in next 30 yrs…….they deserve it, nothing to shout at, no mercy, just do it…..

[basically]

QUOTE=alpha;1209622]http://sbr.com.sg/economy/news/these-5-market-threats-will-knock-singapore-down

Published: 23 Jan 2013


These 5 market threats will knock Singapore down

Home sales crashing 40% is just tip of the iceberg.

Here are the key risk factors that could adversely impact the market according to UOB ETR (Economic Treasury Report) :

a) Earlier or sharper-than-expected rise in interest rates. Currently, US interest rates are expected to only trend up in mid-15, in accordance with guidance from
the Fed.

b) Regulatory changes in Singapore. This could pertain to several areas, including foreign labour, gaming and property. The government’s drive to improve productivity by restricting the inflow of foreign labour could result in near-term bottlenecks and an escalation in costs. Another sector that could be affected is the gaming sector in Singapore.

c) Strong decline in Singapore property prices. We forecast residential prices to fall 5% in 2013 and transaction volume to decline 20-40%. This is after the recent property cooling measures. A sharper than expected fall in prices could have a significant impact on the banks.

d) Weaker-than-expected recovery in US’ GDP recovery. The issue of the US fiscal cliff is still not resolved and negotiations will be ongoing to decisively deal with the “sequestration” of broad spending cuts and the US sovereign debt ceiling limit which will arise again end-February.

e) Significant deterioration of euro zone debt crisis. This remains a key risk to global growth, which would have a significant impact on Singapore’s growth prospects.[/QUOTE]



Khaw: Some 200,000 new housing units will be built



Of these 80,000 are private properties, 10,000 are Executive Condominiums and about 110,000 are in public housing.

Mr Khaw said this is equivalent to the building of four new Ang Mo Kio towns by 2016.







so launch 70k units/yr for next 3 yrs...make sure he keeps his promise irregardless anything happens.....just deliver....


1990 we shouted gracious society as Swiss, where are we today?? now is worse than 1990….
same to leaders shouted 40% stayed in private condo by 2000?…where are we today?? still >80% in public house….
all know why they shout? who care now?? who follow up??...same nonsense….

congested is good? no space is good? fight & competition is scary…no more gracious, super ugly instead….squeeze in hot & humid sardine can, explosive anytime....pressure cooker explosion & implosion....
ask all these leaders to shut up & stop xxxxxxxxx……
when global ponzi crash, stop printing, bubble burst…..all keep quiet & run away like XXXXX….
then ask them to pre-build 400k units of property now to cater…they will argue & twist & turn….
1 word…..shame….let them be….all the xxxxxxx……


there are >40000 unsold new one now, plus another 100k of resales try to sell for months to yrs without buyers....next 2 yrs another 100k completion....not enough for current population? then why no buyer??.....
now another 70k units/yr promised by khaw to launch for next 3 yrs.....
cheat who?? yourself.....not enough, ask khaw to build additional 50k units/yr make it 120k units/yr for next 3 yrs, how about that.....
hahaaaa....all squeezed till pressure cooker explode will be very nice......
For OCR property is simple...no below $600 psf, no buy.....many will go below $500 psf by 2015....some even below $400 psf....this round, end result will be much worse than 1997...let them bankrupt, weak one can go to die, no mercy, act smart, deserve it.....



http://forum.channelnewsasia.com/sho...cal-properties.....




make sure khaw keep his promise of 200k units for next 3 yrs irregardless anything happens…..some one keep track & follow up in detailed…at least 60k-70k new units launch this yr & so on…..


Govt is playing threatening game now in population?.....only fools believe....probably in 20-30 yrs later...shame & only useless rubbish rely on lies...sure backfire....also useless liar dare not come out to clarify.....
If it's true, all better sell all your property & migrate tomorrow.....only fools squeeze in a hot & humid sardine can & die in bored, work, pressure cooker & sofiscated.....

[basically]

spore govt better do it themselves to plunge property market fast, if let hedge funds to short it down using S$ & STI, also spore economy totally…..also they will lose 2016 election if don’t do it fast….

today cooling measures is not good enough….need more…also enforcement in policy, not just lip service & NO hands on….force developers to dump all unsold units after 2 yrs of launching or 5 yrs of land sales, should cut down to 1.5 yrs & 3.5 yrs….also owning oversea property for HDB owners here is not allowed…..sublet, banks & developers loaning more or illegally…..tons more…

FULL ENFORCEMENT of all policies & measures IMMEDIATELY……not talk only…..law by law….confiscate & not negotiable…how is the 5700 units in CCR?....

Wow, came across this news, Seascape launched in 1st Dec 2010 with total 151 units, after selling for over 2 years the developer only sold 47 units and 104 unsold units, 69% unsold inventory. And when developer cut price to try to offload inventory, all those earlier buyers kena screwed and overpaid for their units.


Ho Bee stuck with 104 unsold units at Seascape

Singapore Business Review
Published: 09 Jan 13

I've been receiving SMS from agents everday selling D'leedon for $13xx psf and additional 1% discount from agents' commision, it's getting very annoying receiving these spam SMS. Looks like CAPL is getting desperate to offload their huge unsold inventory.

all panic & anyhow whack now....all kena pressure, can't sell, no buyers, spam & invade whatever contacts.....
got people advertise $10xx psf, why pay $13xx with all freebies? ask them to give nett price, not interested with all the rubbish marketing con job....
no sales, advertise like crazy everywhere....paper, internet, sms, email, brouchure, road show.....still can't sell....if market so strong, why so panic?? saturday paper all property sales & give more discount every week....yet negotiable & refuse to put nett price in all transaction....

stop buying, wait for weak one or developers to bankrupt.....dump at any price....cut 30-40% now, also don't buy, wait for force & auction sell..foreigners/FT run road are even better, equal to confiscate all their capital investment here....free market rule, sell property below land price is norm when market crash.....wait patiently....cut deep deep or wait....
global debt is too huge now....too many holes to cover, any 1 down like lehman bros, all will crash down...be patient...tons of unsold, refuse to lower price, when global trigger, all dump to exit or bankrupt, let them fight for price war.....no mercy, they deserve to be bankrupt....




cut price also cannot sell yet data is up....sales down 70% in last 2 months yet data....hahaaaa.....so panic must manipulate data, advertise & publish in paper, media, internet everyday yet still cannot sell.....where is all the naive, newbies & fools??......all kind of data & report by con man flying around, show what you want to read, anything also can, lawless?...

cooling measures or not, main media shouted market so strong, what is xxxx doing?? dump more lands out for sale now, also BTO...earlier said, at least 25k BTO this yr, plus another 7k if possible, keep promise? or not trustable....as for private, another 30k-40k this yr will be nice....





down 23%?? a $1 mil property down 23% is $770k.....for a $770k need to up almost 50% to reach $1 mil....so down 23% = up 50%, if include all charges, interest, taxes, asd, stamp, down 23% is much >up 50%.....
with price war, run road, economy & market collapse, rate hike, tax hike, debt squeezed, deflation, currency & trade war, huge layoff.......down another 23%, 120% up also gone....many will be bankrupt, no mercy, weak developers & buyer deserve it....free market & strong one prevail..banks with huge mortgage loan better act fast before bankrupt, no bailout for junk & bad managed.....


many gave 20-30% discount now…..developers runs fast before global market collapse this yr, with rate hike on the way, QE no effect, huge layoff, rental crashing down….spore personal median income still around $2k/m, total collapse anytime once cash flow dry up, squeeze weak, last one to run bankrupt 1st…..global collapse already no way out now….

[basically]

Bad news for the highly leveraged investors, property agents and developers, many of these people were pinning their hopes for more foreign buyers. The article also says that there will be a severe drop in PR private home buyers.


http://www.businesstimes.com.sg/prem...-half-20130123

Business Times
Published January 23, 2013

Foreigners' share of private home buys seen shrinking in first half

'Very high' ABSD rate of 15% will significantly cut demand, say consultants


FOREIGNERS' share of private home purchases in Singapore is expected to decline in the first half of this year, given the harsher additional buyer stamp duty (ABSD) rates imposed on them under the recent property cooling measures, say property consultants.

Last year, foreigners who were not Singapore permanent residents (PRs) accounted for just 6.3 per cent of all private home purchases on the island - the lowest proportion since 2003 and a significant drop from the 17.6 per cent share in 2011, Knight Frank's analysis of URA Realis caveats data showed.

"The record low proportion is a reflection of reduced foreign buying interest arising from higher (transactional) cost, with the introduction of 10 per cent ABSD on all residential property purchases by non-PR foreigners starting Dec 8, 2011," said Knight Frank's senior manager, consultancy and research, Alice Tan.

And with the ABSD rate for this group jacked up to 15 per cent since Jan 12 this year, Knight Frank forecasts that these non-PR foreigners' share of private home buying will shrink to 5 per cent in the first six months of this year.

International Property Advisor's CEO Ku Swee Yong predicts the share could fall to 4-5 per cent, while Ong Teck Hui, Jones Lang LaSalle's national director of research and consultancy, projects the share may contract to "no more than 3 per cent". "Most of the demand will be eliminated by the very high ABSD rate of 15 per cent on non-PRs," added Mr Ong.

PRs' share of private home purchases increased from 13.4 per cent in 2011 to 15.8 per cent last year. This, Knight Frank attributes to first-time PR home buyers being spared the ABSD rod last year. However, things have changed. Since Jan 12, PRs have to pay 5 per cent ABSD even on their first Singapore home purchase, and 10 per cent for any subsequent purchases.

As a result, Knight Frank expects the PR buying share to slip in the first half to 12-15 per cent, though Mr Ku suggests a more severe drop to around 10 per cent, and Mr Ong, to 5-10 per cent. "The ABSD's impact on PRs is a bit hard to assess as it depends very much on whether it's their first property purchase, in which case a 5 per cent ABSD rate is a figure that some people may be able to stomach, but some can't," says Mr Ong.

IPA's Mr Ku pointed out that PRs who currently own a HDB flat may postpone their decision to upgrade to a private property as they would be slapped with 5 per cent ABSD. They will also be required to sell their HDB flat.

KepLand mulls over cutting home prices if market falls



THE boss of property developer Keppel Land has flagged a possible cut to its home prices if the market falls away in response to the Government's recent cooling measures.

"We will monitor the market... If the market comes down and we can't sell our projects, then we'll have to cut prices," said recently installed chief executive Ang Wee Gee.

He was speaking at a briefing yesterday, where the firm announced a 39 per cent decline in full-year net profit to $838.4 million a year earlier.




better price? better sales?? why profit down40%?? why shares price is less than 50% of 2007/8?......
Fire & force sell coming…….price will keep dropping...stop buying, don't buy...no down>50%, no buy....don't bailout weak holders & developers, let bankrupt, bankrupt, let useless failure, fail....strong one prevail is good for spore....

whatever discount gives to foreigners must apply to local…..to be fair to local…
Australia with so much lands also stop foreigners buying…..why are we so desperate yet giving more discount to foreigners yet govt close 2 eyes??....
same to china….foreigners only allow to buy for own used….must sell if leave the country anytime….

foreigners should dump all their property in spore now instead, before property price crashing down & S$ plunging…..cut lost or take profit now, last one to run, 1st one to bankrupt or lost big…..
get out before too late….cut price & sell fast…….


all can shout this is market price of my property, up x%.....only when you can sell at that price, then it’s yours…paper gain is not gain, you can cheat yourself till you see property price crash by 50% still no takers…..now no buyer, even cut 20%, also can’t sell…..
rental yield the most 2-2.5% now….it’s worse than put in CPF, 2.5%….yet you still need to bear so many charges, comm., damaged, opportunity & waiting cost, time, run road…..it’s nett lost instead…..

[basically]

already said 100x...you are buying for FUTURE, not now or past....
all the fake news, fraud data & accounting, manipulation & rigging.....

with global economy collapsing now....market will plunge soon....
currency war, trade war, military & tons more looming....
only fools buy now with all the additional stamps & 4 yrs periods....
no 2015, no buy...no down>50%, no buy....spore property down>50% by 2015......

[danguard]

look bro ... you are of course the master of your own opinions and you are rightfully entitled to them .... just dun keep emphasizing on doom and gloom all by yourself when no one is even commenting and you keep on and on with huge red capital letters?

I mean come one, talk about loving to talk to oneself just got to another whole new level when I see your posts

[dare2]

[QUOTE=basically]
all the rubbish...swiss standard by 2003....70/30 private/public house by 20xx.....reality?? all failed....
shameless xxxxx.........
6.9mil, NOT 7 mil...you know they are playing game again.....whole bunch of rubbish....

to keep their promise....keep launching 70k-100k units/yr from now on is great!!...make sure to keep track...

Well just look at Manhattan.....A Resilient Housing Market

http://www.elikarealestate.com/manha...ate-investment

The gradual increase in sales prices can be partially attributed to Manhattan's strict zoning laws, which greatly restrict the number of available residential properties in the borough. Other factors include New York City's growing population, currently at 8.24 million in NYC as a whole and 1.6 million in Manhattan alone according to the United States Census Bureau. The recent global financial crisis slowed down new constructions in the city, and as a result, New York's real estate supply is restrained. This has created a supply-demand issue and a potential opportunity for savvy investors.

There is also some inflation in wealthier communities, but analysts expect prices to continue to rise with many luxury homes and luxury rentals. According to the Wealth Report, a publication that provides a global perspective on prime properties, Manhattan ranks 17th among major cities for cost per square foot.

This shows the potential of property investments in the city, especially compared to cities like London, Hong Kong, Paris and Moscow, all of which have more expensive real estate per square foot in prime housing locations. According to the report, New York is second only to London in importance among global cities and will likely hold the same level of importance in 10 years. Given this analysis, property costs in Manhattan are remarkably low relative to their value.

Unlike many of these major cities, New York real estate is easily available for foreign nationals. The United States' friendly real estate purchasing regulations allow Manhattan to draw in a global market of buyers. As a direct result, sellers in the city have a larger pool of potential buyers and can make relatively safe real estate investments.


....true there has been added tax on foreigner, but its still open to them....sg has also been seen as increasingly attractive compared to HK.