The Infiniti (D5, Freehold, Frasers Centrepoint)

[cannot tahan]

http://www.tnp.sg/news/story/0,4136,180640,00.html?


FIRE SALE: OWNERS DUMP CONDOS
Agents: Some clients give as much as 20 per cent discount
By Elysa Chen

October 20, 2008

FOR sale: Luxurious multi-million-dollar apartments, not quite for a steal, but with a hefty discount.

Stock market losses have forced some property owners to resort to 'fire sales' for a quick return to liquidity.

And because the property market is almost flat, they have had to let go of their property at huge discounts.

Property agent Henry Neo receives one SMS a day from different clients asking him to sell their homes.

Mr Neo, who has been a property agent for close to 20 years, said: 'The Asian financial crisis of 1997 and this crisis are real challenges.

'It's a tsunami of the stock market.'

Two or three of the 50 clients he is servicing now are what he calls 'desperados' - people who had their fingers burnt so badly in the stock market they need to sell their houses.

The situation is worse for those who opted for deferred payment schemes, said Mr Neo, because some are no longer eligible for loans, and cannot meet payments once the developers issue the Temporary Occupation Permit (TOP).

'They have to get rid of their properties before TOP, so they would be giving even more discounts.'

Noting that the high-end property market seems to be hit the hardest, Mr Neo said: 'My colleagues who specialise in high-end properties are not doing well. They do not have any transactions at all.'

Mr David Cheang, senior vice-president of the Resale Division at HSR Property Group, noted that two out of every 10 clients are affected by the stock market crash, and are selling their property investments to 'get more liquidity'.

A property agent who declined to give his full name said one of his clients had made such losses on the stock market that he was selling his 27th floor freehold apartment at the Twin Regency for a mere $1.05 million, though its market price is $1.3 million.

Last year, he had sold another unit, on the 29th floor of the same condominium, for $1.4 million.

It is the same story for Mr Felix Young, 35, a property agent specialising in high-end condominiums. Some of his clients are prepared to go as low as 20 per cent below their offer price.

He had taken out an advertisement for five properties, all high-end condominium units in the city.

Apartments at The Sail at Marina Bay, which were going for $2,000 psf are now being offered for sale at $1,450 psf, said Mr Young.

But even such a huge discount is failing to entice buyers, who are asking for $1,100 psf. That is because even with such discounts, the two-room apartment costs about $1.3 million.

In the current climate, not many people would be able to shell out that kind of money because they could be sitting on huge paper losses in the stock market.

Mr Young said: 'Buyers have the sentiment that the property market will cool even more, and prices will drop further.'

And because of this, said Mr Young, there has been a significant drop in transactions - up to 70 per cent for high-end properties that people buy for investments.

Most buyers also know developers' launch price for the condominiums and are holding out until they can get a unit at that price.

He said: 'These days, when buyers call me, they ask me if I have any owners who are 'bleeding'.'

Bleeding is a term that is used to describe owners who over-committed themselves financially and need to sell their properties in a hurry.

Mr Young said: 'Many of my clients' bank loans are kicking in soon, so they need to release the properties quickly, before TOP.

'They are stuck because they can neither sell their property, nor rent it out to cover their mortgages, as the rental market has slowed down a lot.'

[Unregistered 2009]

Please call 97486981 andy for further info.

Anybody have any idea how much does a 2 bedrm at Infiniti cost? I realised that Botannia 2 beded was fully sold. Am interested in getting 1 unit in West Coast, hestitating between Botannia, Infiniti, Carabelle. Thanks.

[goody]

HI newtomarket ' Are you look 2 bedder. I want sale my botannia if u interesting sent private message.

[newtomarket]

Hey..thanks for the enthusiastic reply..emm..it seems pricey for me at the moment...but thanks anyway..

[Fúck You]

http://www.tnp.sg/news/story/0,4136,180640,00.html?

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

'They are stuck because they can neither sell their property, nor rent it out to cover their mortgages, as the rental market has slowed down a lot.'[/b]

Asshole, be considerate!
Don't post same message everywhere!

[Ge˙lang 0KT]

Asshole, be considerate!
Don't post same message everywhere!

hi forumers, ignore the few to-and-fro nonsensical posts above from me. i still can't get over the Novena dumbass that bonked my mother FOC. Please give me my medicine......

[Fedup!]

hi forumers, ignore the few to-and-fro nonsensical posts above from me. i still can't get over the Novena dumbass that bonked my mother FOC. Please give me my medicine......

for heaven sake, get lost !!

[RegĄstered]

Shit! That "Geyland 0KT" jerk has invaded The Infiniti.

[To silly Novena dumbass]

Shit! That "Geyland 0KT" jerk has invaded The Infiniti.

What happened to the pervert?

[To the schizo]

What happened to the pervert?

you must be refering to yourself

[Happy Feet]

Asshole, be considerate!
Don't post same message everywhere!

Don't argue over a TNP article lah.
Why not go for a holiday and enjoy yourself?

Recession? What recession?
The New Paper
Jazmin Kelly Six
Friday, 17 October 2008



It may be turbulent times for the economy, but Singaporeans are still taking to the skies.

The travel industry has registered an increase of 15 to 30 per cent annual growth.

For many Singaporeans, overseas holidays are no longer a luxury but have become a lifestyle habit.

Senior vice-president marketing and PR of CTC Holidays, Ms Alicia Seah, said: 'Travel is already part of our lifestyle, it is the fundamental fabric to freedom.'

In response to a successful National Association of Travel Agents Singapore (Natas) fair in August, Mr Robert Khoo, CEO of Natas, said: 'Despite Singapore's rising costs in food and transportation, Singaporeans are saving to travel.'

Record visitors

This enthusiasm was evident at the three-day fair where a record 65,583 visitors snapped up about $60million worth of travel packages, Natas said.

Regional business development manager Erik Hon, 29, has not let his wings be clipped by the financial meltdown.

He has already visited Hong Kong, Bangkok, Paris, Poland, Czech Republic and Slovakia this year alone. Come next January, he will be heading to Thailand for a short holiday and then to London, Amsterdam and eastern Europe next May.

Mr Hon said: 'I want to pamper myself every quarter... and feel the vibe of another city.'

As long as his bills are paid and has monthly savings set aside, travelling will be an essential he won't give up, he said.

On top of being avid travellers, Singaporeans like Mr Hon are also becoming more discerning. They do not mind paying a little more for comfort and a good time.

Miss Eileen Oh, vice-president leisure of UOB Travel Planners, said: 'We see more value-conscious consumers today than cost-conscious ones.'

As opposed to settling for a bare-bones of a holiday package, more consumers would gladly top up amounts ranging from '$50 to $500' to savour an enhanced holiday experience, Miss Oh added.

She also noted that Singaporeans are always on the lookout for good deals and 'tend to go where the currency favours'. This explains the spike in demand this year for destinations such as the US and, most recently, Australia.

Travel agencies we spoke to said they have been getting bookings for year-end travel from July.

Some tour operators even reported a sellout of over 70 per cent of their packages. Even after the stock markets started seeing red two weeks ago, most tour operators said they have not received cancellations.

Popular destinations

Taiwan, alongside popular winter destinations such as Japan and Korea, saw such great demand that airlines had to put in extra flights or switch to bigger carriers to accommodate travellers, Miss Seah said.

But, if you want to stretch your holiday dollar further, the best way would still be 'book your holidays early', suggested Hong Thai Travel's advertising and marketing manager, Miss Stella Chow.

She also advised the budget-conscious to take short-haul, holidays and opt for tourist-class hotels to save more.

When asked if he would be willing to put up at low-cost accommodations like hostels or budget hotels just so he could make that extra holiday trip, Mr Hon said he would definitely be raring to go 'as long as the room, location and amenities are decent'.

[Unregistered5566]

Shit! That "Geyland 0KT" jerk has invaded The Infiniti.

That perverted forumer is back again. Ugh.

[Unregistered340]

It will be so nice to have the forum cleaned up, after some low EQ people making posting same message everywhere and senseless remarks here... very immature. But alas, these people are back again... sigh.

Can't wait for moderator to clean it up again.

[8=======o]

It will be so nice to have the forum cleaned up, after some low EQ people making posting same message everywhere and senseless remarks here... very immature. But alas, these people are back again... sigh.

Can't wait for moderator to clean it up again.

Your mother needs cleaning too? let me know....

[8=======o]

Your mother needs cleaning too? let me know....

Please forgive me. I am a psycho who was sodomised by my mother. Nowadays I just go woof woof woof

[DRSG?]

Please forgive me. I am a psycho who was sodomised by my mother. Nowadays I just go woof woof woof

You talking about me?

[Expat]

You talking about me?

Or me? Expat is my other nickname besides Novena dumbass

[To the schizo]

Or me? Expat is my other nickname besides Novena dumbass

so u have changed from Geylang OKT to Expat. i bet you miss those times when your mother was earning good money doing BJ for Expat's dog. Have you found the Novena guy who bonked ur mother FOC yet? I bet not so what a pity...

[To the schizo]

Woof! Woof! Bark! Bark! Scratch! Scratch! Howl...... Ah wooo.......

so u have changed from Geylang OKT to Expat. i bet you miss those times when your mother was earning good money doing BJ for Expat's dog. Have you found the Novena guy who bonked ur mother FOC yet? I bet not so what a pity...

[SGR 4888]

Woof! Woof! Bark! Bark! Scratch! Scratch! Howl...... Ah wooo.......

You mean to the " spy who love me" 007 James Bond

[Curious]

Please call 97486981 andy for further info.

Anybody have any idea how much does a 2 bedrm at Infiniti cost? I realised that Botannia 2 beded was fully sold. Am interested in getting 1 unit in West Coast, hestitating between Botannia, Infiniti, Carabelle. Thanks.

Andy is the owner or agent?
newtomarket is the buyer or the agent?

[Q2]

HI newtomarket ' Are you look 2 bedder. I want sale my botannia if u interesting sent private message.

You want to sale? Do you mean you want to sell?

[Prof Lilian Ng (NBS, NTU)]

Its all abt holding power. But I believe most Inifiniti owners buy for their own stay, so no issue i guess.

Are we near the kind of economic difficulty faced during the Great Depression? The US economy today is much stronger than it was in 1929 and the fundamentals are still pretty strong regardless of the crisis we're in.

If you look at the numbers, they are so dramatically different. GDP growth in the US is about 1% and I'm sure it will fall but it is nothing like the -27% during the Great Depression. Unemployment is about 6.1%, but during the Great Depression it was 25%.

Today's world is very different from the Great Depression period - there is greater linkage between fiscal policies and the economy than before and all policymakers are working together. So we are not even close to the level of difficulties faced then.

[UnregĄstered]

You want to sale? Do you mean you want to sell?

Ha ha ha! Want to have a sale?

[UnregĄstered]

Ha ha ha! Want to have a sale?

Quiet lah, idiot!

[St.]

[dopcombo]

Yup, it looks almost ready to move in. Where's the name of the project going to be?

[ht]

Yup, it looks almost ready to move in. Where's the name of the project going to be?

Good Question, is that going to be the last finishing touch before TOP?

I think it would make more sense for TOP to be by Nov, otherwise Dec may have quite a lot of people going on vacation.

[aralix]

When is it going to TOP ? I hope it is November.

[UnregĄstered]

When is it going to TOP ? I hope it is November.

Earliest December lah.