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Thread: Seriously are we building TOO many apartments..

  1. #1
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    Default Seriously are we building TOO many apartments..

    I have a gut feeling something is NOT right....build build build and build....everywhere u look there is something coming up....is singapore doing the RIGHT thing...if everybody is buying to rent out then who is going to rent...if everybody is buying to stay then when they need to sell their old apt when their new apt TOP.. who will buy from them... ...i seriously feel something is NOT right...not trying to stir anything and this topic has been discussed a MILLION times...but like i said "Seriously are we building too many apts....

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    Quote Originally Posted by radha08
    I have a gut feeling something is NOT right....build build build and build....everywhere u look there is something coming up....is singapore doing the RIGHT thing...if everybody is buying to rent out then who is going to rent...if everybody is buying to stay then when they need to sell their old apt when their new apt TOP.. who will buy from them... ...i seriously feel something is NOT right...not trying to stir anything and this topic has been discussed a MILLION times...but like i said "Seriously are we building too many apts....
    If I tell you I am printing 40 Billion a month, do you think it alright.

    So at the end of the day, if half way round the world someone is printing money like no tomorrow do you think we should not build more apartment. Where do you think is the money going into, somebody back yard.

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    Quote Originally Posted by radha08
    I have a gut feeling something is NOT right....build build build and build....everywhere u look there is something coming up....is singapore doing the RIGHT thing...if everybody is buying to rent out then who is going to rent...if everybody is buying to stay then when they need to sell their old apt when their new apt TOP.. who will buy from them... ...i seriously feel something is NOT right...not trying to stir anything and this topic has been discussed a MILLION times...but like i said "Seriously are we building too many apts....
    but you got to consider the number of old apartments demolished too (enbloc).

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    again, here are the stats I compiled previously:



    Figures dun lie..

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    "no horse run" statistics

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    i guess on paper all looks ok...plus yes i know there is a lot of $$$ around..but just a thought cos every where i look i see new building coming up...plus reading the papers so many new devts for sale..i guess must be ok...otherwise govt will not launch so much land for sale...

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    Invest with your EYES and not with your MIND and you will be alright.

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    Quote Originally Posted by Leeds
    Invest with your EYES and not with your MIND and you will be alright.
    Wow wise words..at 5am in the morning my eyes are
    Half closed and mind not thinking....guess not tine to
    Invest....

  9. #9
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    Quote Originally Posted by dtrax
    again, here are the stats I compiled previously:



    Figures dun lie..
    thanks for all these
    First the pic are small, and second is the stats trying to convine?

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    if singapore continues to progress then it is ok, if lorries after lorries of MNC move out of Singapore, then game is over.

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    .....our ageing population is growing, to support the old, we need the youngs...as we add (import) more youngs - whom will be old one day..........the cycle continues.....Singapore population 2040 - 10 million?

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    as long as singapore open up it's arms w/ attractive business incentive ... i doubt the sg economy will crash ..

    but that will also mean foreigners > true blue singaporean scenario very soon.
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    Quote Originally Posted by roly8
    as long as singapore open up it's arms w/ attractive business incentive ... i doubt the sg economy will crash ..

    but that will also mean foreigners > true blue singaporean scenario very soon.
    but what is the solution?

    I know the mass majority is saying we need quality people not average indivual that the poly / ite is churnng out.

    I feel the need to push the local mindset to change as well as a major shift in pre employent traning maybe required. Else a major revamp of how HR actually work is required.

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    singapore is like 'upgrade' one level up now..

    more quality citizens & workers here...

    but also mean higher cost of living
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    If they don't keep building, how are they to keep up with population growth and other foreign investors desire to have a spare home here?

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    Quote Originally Posted by leesg123
    but you got to consider the number of old apartments demolished too (enbloc).
    Yeap but for every block of 4 big units torn down they created at least 20 units ( 5 folds ). That is mushrooms sprouting everywhere ..

    Not forgetting Singapore is like UAE or kuwait when the party is about over any time the FT and PR and new citizen with dual citizenships (at least 50% population) they will pack up and leave for home ... leaving all the craps and rubbish for you to clear ..

    Pls be mindful of that ..

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    For every one that leaves. They could bring in2-3 more.

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    it is the asian century..

    but companies prefer setup office in shanghai, imo
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    Quote Originally Posted by Leeds
    Invest with your EYES and not with your MIND and you will be alright.
    Actually the same thing as dabbling in the Stock market, see what is happening NOT What you WANT or WISH it to happen ...

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    if u base purely on walking the grounds, post Lehman I walked around t kurau, see many small development empty units.

    today, empty units may simply mean investor holding long term for capital gains. got rented or not is secondary to them.

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    In good times, there will be more buyers than sellers.
    In bad times, there will be more sellers than buyers.

    It is such a simple equation. Hahahahaha.

    Just dont ask me when to go in and when to get out. U guys figure it out.

    Ask someone who bot a semi d in 1980s for 300k and sold for 600K if he expected the price of his semi-d to reach 4Mil today, and he would have told you - you "seow".

    In 1990s, ask someone whose semi-d was worth 1.5 Mil if he tot his semi-d would be worth 4mil today, he tell you - you "seow"

    In 2000s, tell someone his semi-d worth 2.5 mil will go to 4 mil. He tell you - you "seow".

    Will it go up some more - No comments. Buy at your own risk. If I so sure, I will buy 10 houses today... Hahahahaha

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    Quote Originally Posted by carbuncle
    if u base purely on walking the grounds, post Lehman I walked around t kurau, see many small development empty units.

    today, empty units may simply mean investor holding long term for capital gains. got rented or not is secondary to them.
    Exactly, I am too tired to explain again and again ... bro radha ... property cannot be worse than gold right?

    Cannot rent out just lower your rental expectation loh, HDB already 3k per month
    Ride at your own risk !!!

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    Quote Originally Posted by phantom_opera
    Exactly, I am too tired to explain again and again ... bro radha ... property cannot be worse than gold right?

    Cannot rent out just lower your rental expectation loh, HDB already 3k per month
    Bro, I understand how Radha feel... He is thinking, 1 wrong move, liao - that's it. When you young, can take risk. When u older, your mindset totally different.

    Bro Radha, maybe i wrong in thinking like this???? Hahaha Who am I to know what he think???? Hahaha Afterall I have never met him... Hahahaha

    OK, forget I said anything....


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    Quote Originally Posted by chestnut
    Bro, I understand how Radha feel... He is thinking, 1 wrong move, liao - that's it. When you young, can take risk. When u older, your mindset totally different.

    Bro Radha, maybe i wrong in thinking like this???? Hahaha Who am I to know what he think???? Hahaha Afterall I have never met him... Hahahaha

    OK, forget I said anything....

    bro, that's why MM/1br will be popular, it allows u to take smaller amount of risk to hedge against excessive money printing by central banks .. bro radha should really just get an MM ... how about the Tanah Merah upcoming Fragrance launch
    Ride at your own risk !!!

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    Quote Originally Posted by phantom_opera
    bro, that's why MM/1br will be popular, it allows u to take smaller amount of risk to hedge against excessive money printing by central banks .. bro radha should really just get an MM ... how about the Tanah Merah upcoming Fragrance launch
    Bro, 80/20 rule..... If not you will see 80% private, 20% hdb...

    We have been trained not to think in school... You speak up, teacher tell u - why u ask stupid questions.... That's why singaporeans dare not speak up.

    So 80% worker bees.... Only work and work and work.... put money in bank.

    20% invest like crazy, understand the system and use to their advantage.

    So sad but so true. Thats why I come to this forum to share, share. But at the end, investment up to the individual. It's their money ma.

    I dont encourage, nor do I discourage. I just share, share.....Because they have certain risk profile and also I do not know how much they earn or have in savings.... Neither do I want to know....
    My own investment already sucking up so much of my time, I dont want to be a financial advisor man.

    Cheers....

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    Quote Originally Posted by carbuncle
    if u base purely on walking the grounds, post Lehman I walked around t kurau, see many small development empty units.

    today, empty units may simply mean investor holding long term for capital gains. got rented or not is secondary to them.
    Having to said that.. Base on ptyguru.. I do notice D15 have much more units for sales than before.. I think is abit over supply over that area

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    please keep in mind that our country's population target is 6m.....though the time-frame by which it is suppose to happen isn't known

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    Quote Originally Posted by phantom_opera
    bro, that's why MM/1br will be popular, it allows u to take smaller amount of risk to hedge against excessive money printing by central banks .. bro radha should really just get an MM ... how about the Tanah Merah upcoming Fragrance launch
    tks bro i also say...but the sad thing about marriage...most of time what you want your other half dont want..my wife say next home we buy is for family stay.......no more shifting house after that...we ever go showroom see 1bedder before she never step inside....thats why very hard to make decision ...BUC apt OCR 3-bedder below 1-mil is my target ...i know there are HEAPS but mine got to be a little special...

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    Quote Originally Posted by chestnut
    Bro, I understand how Radha feel... He is thinking, 1 wrong move, liao - that's it. When you young, can take risk. When u older, your mindset totally different.

    Bro Radha, maybe i wrong in thinking like this???? Hahaha Who am I to know what he think???? Hahaha Afterall I have never met him... Hahahaha

    OK, forget I said anything....

    you are right and my mind almost made up to take the plunge...

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    Like any investment decision, it would depend on the risk profile of the individual. Even between people who agree now is a good time to buy, the eventual outcome may be different depending the development or units bought. Perhaps its not a question of whether there are too many apartments, but rather how the one you are vested in will be able to compete with the others.

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