Private home resales spring back to life

**ysyap** · 26-04-12, 21:04

Somebody mentioned in the forum that a new CM was due either last week or this week. Think MIW still unsure the direction of the new CM. Lol!

**hyenergix** · 26-04-12, 21:04

Originally Posted by teddybear

Excluding ECs la

Okay, thanks. A bit K.O.

Anyway if ECs are added, the bar chart should be more spectacular.

**Leeds** · 26-04-12, 21:10

Originally Posted by ysyap

Somebody mentioned in the forum that a new CM was due either last week or this week. Think MIW still unsure the direction of the new CM. Lol!

There is a high chance that PM may in his May Day message next week, announce some CMs as he did before. Hold tight!

**hyenergix** · 26-04-12, 21:41

Originally Posted by Leeds

There is a high chance that PM may in his May Day message next week, announce some CMs as he did before. Hold tight!

He got more important things to announce - not enough labor force so... I think the recent 25k thing is to prepare the public. Let's see whether I'm right!

If this is true, then property will boomz again.

**ekl2ekl2** · 27-04-12, 00:03

still think there will be no CM6 yet.
prices are not escalating, SSD and ABSD have kept resale prices in check.
new sales, how many are speculating right now? Most are upgraders or those who can hold.
any CM6 won't be now, policy makers will likely wait a while for more definite trends to emerge.

**speculator** · 27-04-12, 01:02

QE1, QE2, LTRO, Asset Purchases
US, Europe and UK. Everybody is printing money.
$ € £
Make the rest of the world pay for their debts at the expense of high inflation.

How can this sustain?

People afraid of inflation, plus low interest, plus liquidity
So every fixed asset is selling fast!

**kane** · 27-04-12, 08:27

When SH trades at 70% prrmium to its resale neighbours, it's probably easy to understand why people are turning to resale.

**avo7007** · 27-04-12, 08:43

Originally Posted by ekl2ekl2

still think there will be no CM6 yet.
prices are not escalating,resale prices in check.
new sales, how many are speculating right now? any CM6 won't be now, policy makers will likely wait a while for more definite trends to emerge.

Lol. Isn't this the same "moderating" situation before CM5 were implemented.

**Leeds** · 27-04-12, 10:03

Originally Posted by ekl2ekl2

still think there will be no CM6 yet.
prices are not escalating, SSD and ABSD have kept resale prices in check.
new sales, how many are speculating right now? Most are upgraders or those who can hold.
any CM6 won't be now, policy makers will likely wait a while for more definite trends to emerge.

The government is not just concern about speculation, they are also concern about the high prices which is lagging income growth. As long as market showing no sign of price moderation, there is both a political and social reason to act.

**ikan bilis** · 27-04-12, 10:11

think even without price increase, if mortgage loan growth is too fast too big, the govt still got to do something,.... but may be this time round targeting at new launch...

**Rosy** · 27-04-12, 10:42

i mentioned earlier that resale activity is picking up.

recently, there are more PR buyers entering the market.

**teddybear** · 27-04-12, 11:01

They are concerned with moderating prices? What if the demand is genuine because their own lack of actions for past few years to build enough for accomodation? If price goes up because people are generally much richer now (and also because of inflation >5% every year), why should they cap the property price? The only thing they probably need to do is to:
1) Ensure developers don't build MMs! Not pro-families! Sure will see birth rate keep dropping!
2) Ensure 40% downpayment upfront for new launch and that buyers get bank loan gaurantee for the rest 60% loan upfront, the rest can just leave it to market forces.
3) Be fair to resale vs new launch, SSD count down start from date when buyers pay down 100%! If new launch buyers want to pay down 100% upfront so that their SSD count-down can start immediately, let's be it!

It is a fact that MMs are distorting the actual portrayed prices of properties! Get ride of all these MMs and the price will look more sane, which is inline with the income growth of the general top 20% population.

Originally Posted by Leeds

The government is not just concern about speculation, they are also concern about the high prices which is lagging income growth. As long as market showing no sign of price moderation, there is both a political and social reason to act.

**ikan bilis** · 27-04-12, 11:07

URA 2012-Q1 data out liow... drop 0.1%...

http://www.ura.gov.sg/pr/text/2012/pr12-44.html

**phantom_opera** · 27-04-12, 11:34

Originally Posted by ikan bilis

URA 2012-Q1 data out liow... drop 0.1%...

http://www.ura.gov.sg/pr/text/2012/pr12-44.html

haha read carefully:

For Outside Central Region (OCR), prices increased by 1.1% in 1st Quarter 2012, compared with an increase of 0.6% in the previous quarter

Rentals of private residential properties registered a lower rate of increase compared to the previous quarter. Rentals increased by 0.3% in 1st Quarter 2012, less than the 0.4% increase in the previous quarter

**ikan bilis** · 27-04-12, 11:39

Originally Posted by phantom_opera

haha read carefully:

For Outside Central Region (OCR), prices increased by 1.1% in 1st Quarter 2012, compared with an increase of 0.6% in the previous quarter

Rentals of private residential properties registered a lower rate of increase compared to the previous quarter. Rentals increased by 0.3% in 1st Quarter 2012, less than the 0.4% increase in the previous quarter

ouch!... that bear-bear will hate you, not me...

**radha08** · 27-04-12, 13:20

property in land starved singapore with an OVERFLOWING population is a NO brainer...just hoot and buy within ur means...cannot go wrong...

sh · 27-04-12, 13:31

The people waiting for fire-sales following the last CM is going to be so disappointed.

0.1% drop considered firesales?

**Ringo33** · 27-04-12, 13:40

Originally Posted by sh

The people waiting for fire-sales following the last CM is going to be so disappointed.

0.1% drop considered firesales?

more CMs coming. I think maybe they will announce by this evening

**august** · 27-04-12, 14:11

pity those owners who cashed out of their homes and have been renting for over 2 yrs.

**jwong71** · 27-04-12, 14:14

Originally Posted by august

pity those owners who cashed out of their homes and have been renting for over 2 yrs.

these are the worse manz,playing with only roof is like playing with fire.. waiting until necks extremely stretched..

**ekl2ekl2** · 28-04-12, 23:17

Looks like resale prices for Mar/April in some of the CCR condos have rebounded from the slight dip in dec.

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,205,000

560

Strata

2,153

Apr-12

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,118,000

560

Strata

1,997

Mar-12

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,688,000

893

Strata

1,889

Mar-12

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

2,780,000

1,582

Strata

1,757

Feb-12

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

2,530,000

1,464

Strata

1,728

Dec-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,724,820

969

Strata

1,780

Nov-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,770,000

1,001

Strata

1,768

Nov-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

2,250,000

1,335

Strata

1,686

Nov-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

2,580,000

1,442

Strata

1,789

Oct-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,901,900

1,001

Strata

1,900

Oct-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,145,000

560

Strata

2,046

Sep-11

PARK INFINIA AT WEE NAM
LINCOLN ROAD
Condominium

1

1,680,000

893

Strata

1,880

Sep-11

LEIL @ SINARAN
SINARAN DRIVE
Condominium

1

1,035,000

581

Strata

1,781

Apr-12