Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

[noblebaby]

Good morning to all WFW, WFK and DBR owners!

[tanumy]

gd mor all. buy other condo also beside this.

[jitkiat]

Bonjour, quote from UBS research:

From 2000, the HDB started to cut back on its building programme as inventory had exceeded demand. From 2000-2008, although population growth was still healthy at 2.3%, the total number of homes halved to 16,080 p.a., mainly because the HDB reduced its building programme by 60% to 9,700 p.a. Furthermore, private developers also invested less in the two recessions in 1998-1999 and 2001-2003, reducing their output by 20% to 6,400 units p.a.

Table 4: Average residential units completion per annum in Singapore
Public Private Total
1992-1999 25,311 8,028 33,350
2000-2008 9,695 6,406 16,078
2009-2015E 7,429 8,764 15,960

Source: UBS estimates

Looking ahead, we expect the total number of homes to be completed in 2009-2015 to be around 16,000 p.a., similar to the levels in 2000-2008. We believethis is not excessive, if we expect population growth to be 2.4%, which translates to around 116,000 persons per annum. We believe that supply is reasonable and we expect rental growth in 2009-2015 to be at least 5% CAGR, as completions are similar to 2000-2008, yet population growth is expected to be 15-20% higher.

=> Seems to explain why HDB resale index is not affected by this recession at all. Since HDB resale price stays high, naturally it lends support to mass market condos. My friend bought new HDB in WIS without any queue back in 2005, HDB still clearing stocks back then.

[jitkiat]

Another excellent vegetarian food shop:

Block 802 Tampines Avenue 4

自在斋素食

[tanumy]

Jitkiat:

Mass market condo in east than i think double bay residence is the best. Left v few unit as just visited showflat and developer going to increase price again. Almost 97% sold.

Bonjour, quote from UBS research:

From 2000, the HDB started to cut back on its building programme as inventory had exceeded demand. From 2000-2008, although population growth was still healthy at 2.3%, the total number of homes halved to 16,080 p.a., mainly because the HDB reduced its building programme by 60% to 9,700 p.a. Furthermore, private developers also invested less in the two recessions in 1998-1999 and 2001-2003, reducing their output by 20% to 6,400 units p.a.

Table 4: Average residential units completion per annum in Singapore
Public Private Total
1992-1999 25,311 8,028 33,350
2000-2008 9,695 6,406 16,078
2009-2015E 7,429 8,764 15,960

Source: UBS estimates

Looking ahead, we expect the total number of homes to be completed in 2009-2015 to be around 16,000 p.a., similar to the levels in 2000-2008. We believethis is not excessive, if we expect population growth to be 2.4%, which translates to around 116,000 persons per annum. We believe that supply is reasonable and we expect rental growth in 2009-2015 to be at least 5% CAGR, as completions are similar to 2000-2008, yet population growth is expected to be 15-20% higher.

=> Seems to explain why HDB resale index is not affected by this recession at all. Since HDB resale price stays high, naturally it lends support to mass market condos. My friend bought new HDB in WIS without any queue back in 2005, HDB still clearing stocks back then.

[hippopo]

Tanumy:

you are sick man....死缠烂打

[shespawn]

let's just ignore him. if we reply to him, he gets more entertained. He probably fade out when no ones talk or comment abt him.

[driftwave]

i charge u double can? need to pay for my new home leh....hahaha...

any discount if i book your taxi?

[acewee]

Does anyone know why some developments (eg. Casa Merah) are listed as apartments while others (eg. WFW) are listed as condos in the URA website? Just curious.

[Autonomy]

Does anyone know why some developments (eg. Casa Merah) are listed as apartments while others (eg. WFW) are listed as condos in the URA website? Just curious.

Think its because Casa Merah doesn't meet the minimum plot size to be deemed a Condo status.

[noblebaby]

Our new forum is under maintenance... will back online soon.

[jitkiat]

Good morning. A picture worth thousand words

[jitkiat]

Another pic from UBS research

[noblebaby]

thanks for sharing. think you like WFW so much, good info only posted here and not DBR

the % of household income that less than $8k decresing, which mean ppl are getting richer... in order words, singaporean are earning more... no oversupply... houseing price should continue to trand up until HDB also can hit $1Million in 10-15 years time. Kudos to SG garment.

Another pic from UBS research

[jitkiat]

thanks for sharing. think you like WFW so much, good info only posted here and not DBR

the % of household income that less than $8k decresing, which mean ppl are getting richer... in order words, singaporean are earning more... no oversupply... houseing price should continue to trand up until HDB also can hit $1Million in 10-15 years time. Kudos to SG garment.

Tanumy has taken over as the official promoter of DBR ... time for me to retire hah hah

[cheahsg]

Great to see good posting from you... have you sold your DBR and bought WFW?

Tanumy has taken over as the official promoter of DBR ... time for me to retire hah hah

[jitkiat]

Great to see good posting from you... have you sold your DBR and bought WFW?

No hurry, wait till IR open first. Focus on stock market better.

[acewee]

Hmm, isn't it a misrepresentation then from the developer since it is commonly referred to as Casa Merah Condominium?

Think its because Casa Merah doesn't meet the minimum plot size to be deemed a Condo status.

[tanumy]

Jitkiat how much unit and bedroom u bought at DBR???

No hurry, wait till IR open first. Focus on stock market better.

[kEN9170]

Dear tanumy, please post your question in DBR thread!!

Jitkiat how much unit and bedroom u bought at DBR???

[noblebaby]

he made WFW more popular. hehe

Dear tanumy, please post your question in DBR thread!!

[noblebaby]

We are back online!

[kEN9170]

bro, youhave exceeded your stored private messages quota.
Not able to PM u.

We are back online!

[noblebaby]

Ops... just cleared...

for our new WFW forum, no such issue... once the inbox reaches 50 msg, the oldest msg will be automatically deleted. so new msg can still coming in

bro, youhave exceeded your stored private messages quota.
Not able to PM u.

[driftwave]

I think he like us more....hahahaha.....

thanks for sharing. think you like WFW so much, good info only posted here and not DBR

the % of household income that less than $8k decresing, which mean ppl are getting richer... in order words, singaporean are earning more... no oversupply... houseing price should continue to trand up until HDB also can hit $1Million in 10-15 years time. Kudos to SG garment.

[noblebaby]

i think so... WFW is good, and the owners are also friendly

I think he like us more....hahahaha.....

[roger168]

Waterfront
===
Fengshui Talk - 29-Aug-2009 (Saturday) at 4pm sharp
===
Venue : Waterfront Showflat
===
RSVP
Roger Tan - 9061-9884

[kEN9170]

Is this for Waterfront Key or Waterfront Waves or BOTH?

Waterfront
===
Fengshui Talk - 29-Aug-2009 (Saturday) at 4pm sharp
===
Venue : Waterfront Showflat
===
RSVP
Roger Tan - 9061-9884

[noblebaby]

what la... i canot attend again...

hazel or Ken, pls help me to record (can use cellphone). thanks

Waterfront
===
Fengshui Talk - 29-Aug-2009 (Saturday) at 4pm sharp
===
Venue : Waterfront Showflat
===
RSVP
Roger Tan - 9061-9884

[princessmum]

How long was the previous feng shui talk?

Best case I reach is 4.40pm. Any chance to catch the Shi fu ?