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

  1. #181
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    April 8, 2008

    Fewer home loans taken up as property market cools further

    By Grace Ng, Finance Correspondent


    THE number of home loans taken up has fallen sharply in recent months as the property market continues to contract.

    Only 4,200 new home loans were approved in January, up about 13 per cent on the 3,722 in December but down 21 per cent from the peak of 5,319 last August.

    The Credit Bureau of Singapore figures also show that 2,544 second mortgages were taken up in January, a 31 per cent drop from the high of 3,698, also last August.

    'We expect the growth in new mortgages to slow further this year,' said Credit Bureau general manager Mark Rowley.

    Inquiries for new home loans have also dropped, down to 8,923 in February, the lowest since April 2006.

    Mr Gregory Chan, OCBC Bank's head of consumer secured lending, said: 'We have observed that property buyers are becoming more cautious in their purchase decisions.'

    United Overseas Bank's (UOB's) head of loans, Mr Kevin Lam, said that 'in line with property sales transactions, our loan applications were slower in January and February' but there was 'a pick-up in market activity at the end of March'.

    His counterpart at HSBC Singapore, Ms Alice Chia, said the bank has 'seen a reduction in applications for new home loans, which is reflective of sentiment towards the property market'.
    THERE GOES THE PROPERTY MARKET....ILL, DEAD AND BURIED. REST IN PEACE.

  2. #182
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    40 years ago, my dad bought a landed property @ only $100,000( expensive at that time.) Now is about few millions. Do you think it is possible to drop back to $100,000?

    Orchard road 10 years ago was $1,500psf.....wa lau, even Jackie Chan bought 1 unit.......price drop (everyone was laughing & commenting) ....due to some economic problems, we called it TOM-YAM crisis. Even now, can you get for me this price, $1,500psf? Fat hope!!

    Come on, even stock price does not go up in a straight line. It goes zip-zap, up, down and pause and then up. Year 2007 is a good year, went up fast.....let the bull rest before it cheong again. Another few years down the road, don't be surprise this Waterfront waves sub-sale is $1,500psf.

    $1,500psf......you must be thinking, don't bull-shit.
    Think again........everything is getting expensive. Even if you earn $10,000 a month, what is that.....compare if your father's time earning $10,000!!

    Money is getting small. Housing is a good hedge against inflation. Those who are wise and savvy........you will retire with style and NO worries.
    This is true if you buy and keep for 40 year sure. If you have the holding power and can pay your mortagage don't even twice about buying now. Buy now and don't waste any more time.

    However if you don't have confidence in servicing it, then you will better think twice. Sure you paint a rosy picture but don't forget that many people also get burnt during the last property hype. Are these people retiring in style?

  3. #183
    Unregistered Guest

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

    NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

  4. #184
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    THERE GOES THE PROPERTY MARKET....ILL, DEAD AND BURIED. REST IN PEACE.
    You are dead cos' can't pay the loan? Ha ha ha! So poor thing!
    Nowaday, people buy with cash, fewer loans liao!

  5. #185
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.
    Maddog/tiger, you mad rushing to your coffin? So fast ah?
    We are still safe and sound leh. Ha ha ha!

  6. #186
    Unregistered Guest

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

    Quote Originally Posted by mr funny
    Published April 9, 2008

    Private bankers upbeat despite credit crunch

    By GENEVIEVE CUA


    (SINGAPORE) The world may be mired in a credit crunch, economic slowdown and rocky stock markets. But bankers catering to the well-heeled in Asia expect growth almost akin to that of last year, as they hunker down to squeeze yet more productivity out of their relationship managers.

    Credit Suisse managing director and head of private banking Marcel Kreis, for instance, says revenues and assets under management have been growing by 20-30 per cent annually. 'Our Asia Pacific private banking operations have been enjoying very strong momentum and this is expected to continue in the next two years, with the objective of doubling the Asian business.'

    Merrill Lynch head of global wealth management (Asia Pacific) Rahul Malhotra says the bank saw growth of 30-40 per cent in assets last year. 'I would be surprised if we didn't see those numbers this year . . . There is growth overall in Asian economies. Even with what is happening in the US, inherently we will see growth come through.'

    Private banks' relatively low penetration of Asian markets presents opportunities, says Tjun Tang, Boston Consulting Group director. BCG is currently compiling data for its annual wealth survey. 'We're seeing assets sitting in private banks of less than US$1 trillion. But household wealth across Asia comes to US$16 trillion . . . Many banks are growing 20-30 per cent a year. If the underlying wealth is growing at an 8 per cent rate, there must be an increasing penetration of services.'

    Market volatility, however, could impact banks' revenue streams as a substantial proportion comprises income that is transactional in nature. 'In Asia, a lot of revenues are generated through private banks selling transactional products. Now that there is less of a single directional trend, one risk is that private banking income may decline or be less stable,' says Mr Tang.

    Still, he expects margins in Asia to remain healthy. 'We're still fairly bullish on Asia despite compensation levels having gone up a lot. Pre-tax margins are still in good territory.'

    On the hiring front, the appetite for junior bankers appears to have abated, but almost all the banks say they are on the lookout for mature bankers with a book of business.

    Nick Hughes of Fox Partnership, which specialises in placing top-level hires in wealth management, says: 'A bank may suffer sub-prime woes. But if there is a strong banker talent, he or she is an asset, regardless of the current situation.' Banks, he adds, will demand more accountability.

    The firm continues to work on a number of 'interesting' projects, which includes placing Asian bankers in posts in Switzerland, for instance, to serve Asia from Europe, as well as the reverse - the hiring of European bankers for Asia.

    On investments, bank strategists continue to see opportunities in emerging markets, particularly the Middle East and Latin America, and selected Asian markets. JP Morgan Private Bank chief investment strategist Ivan Leung believes regional stock markets are 'excellent long- term investments'. He singles out Thailand and Taiwan, which have underperformed Asia ex-Japan for four years, but are at the start of a domestic turnaround. Singapore and Korea are cheap, he adds, 'but will likely require some patience'.

    On a 12-month view, Deutsche Bank Private Wealth Management forecasts a return of 10-16 per cent for US equities; 8-13 per cent for Euroland; and a higher 10-17 per cent for Latin America and Asian equities due to higher growth and earnings.
    Stop wasting your time on the forum. The forum will not make you rich.
    Have a break. Let me buy you a cup of coffee.

    - Your private banker

  7. #187
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    THERE GOES THE PROPERTY MARKET....ILL, DEAD AND BURIED. REST IN PEACE.
    Hey hey hey hey. This is a property you are talking about. Not equities or future trading. In future or equities trading, I can go in and out within a min. Sell and then buy. Or buy then sell. Don't try that on property unless you are a REAL pro in flipping.

    If you cannot hold for at least a few years time frame, I suggest you go and trade stocks. Property can never be ill, dead and buried. Cos, the next turning, it will even surge higher than previous. Check it out, what happened the last time.

    The way you put it.......shows that you can never never grows rich. Your mind is too focus on negative aspects. Looks for GOLD, not DIRT.

  8. #188
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    This is true if you buy and keep for 40 year sure. If you have the holding power and can pay your mortagage don't even twice about buying now. Buy now and don't waste any more time.

    However if you don't have confidence in servicing it, then you will better think twice. Sure you paint a rosy picture but don't forget that many people also get burnt during the last property hype. Are these people retiring in style?

    Agreed with you, make sure you can service the loan. I didn't paint a rosy pix, I am bullish cos Singapore is going thru' exciting periods if you care to understand the underlying moods hype by the 2IRs and many other ongoing projects.

    Yes, many people get burnt. And also many many more made a lot of money in the last property hype. And they are retiring in style. My elder brother is a good eg. now he owns 5 bunglows. Fully paid. His group of frends too were doing equally well.

    I knew of 1 banker who were holding 3 landed properties when the market turn down during the last crisis, about 10 years ago. He has to sell at a great lost. On the other hand, much much earlier he made tons and tons of money flipping propeties. In the end, he still makes money. But he tends to highlight about the 3 landed propeties he got burnt.

    Anyway, do be careful. Buying property is a BIG item. Buy within your means.

  9. #189
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    Agreed with you, make sure you can service the loan. I didn't paint a rosy pix, I am bullish cos Singapore is going thru' exciting periods if you care to understand the underlying moods hype by the 2IRs and many other ongoing projects.

    Yes, many people get burnt. And also many many more made a lot of money in the last property hype. And they are retiring in style. My elder brother is a good eg. now he owns 5 bunglows. Fully paid. His group of frends too were doing equally well.

    I knew of 1 banker who were holding 3 landed properties when the market turn down during the last crisis, about 10 years ago. He has to sell at a great lost. On the other hand, much much earlier he made tons and tons of money flipping propeties. In the end, he still makes money. But he tends to highlight about the 3 landed propeties he got burnt.

    Anyway, do be careful. Buying property is a BIG item. Buy within your means.
    Why are you bullish?
    Is it because the economy is doing well?

    Quote Originally Posted by AFP

    Singapore's GDP Rebounds By 16.9% In Q1
    MAS moves to curb inflation as growth rebounds

    Agence France-Presse
    Singapore
    Thursday, 10 April 2008

    Singapore's central bank unexpectedly further tightened monetary policy on Thursday, pushing the Singapore dollar to a record high against the U.S. dollar, in a move aimed at keeping a lid on soaring prices.

    Singapore's economy grew at an annualised, seasonally adjusted rate of 16.9% in the first quarter, beating economists' expectations, government data showed on Thursday, after a surprise 4.8% contraction in the fourth quarter of 2007.

    The data beat a median forecast from economists polled by Reuters for growth of 11.5% because of a recovery in pharmaceutical and electronics manufacturing.

    "The GDP figures were stronger than what the market had predicted and that gave the Monetary Authority confidence to tighten the policy," said Joseph Tan, an economist at Fortis.

    "Strength of GDP quarter-on-quarter came from domestic sources. Where we go from here is a step in time approach but the one-up shift of the band, as opposed to the steepening of the Singapore dollar, shows that MAS recognises inflation is an imminent danger."

    The Monetary Authority of Singapore conducts policy through the exchange rate, steering the Singapore dollar within a secret trade-weighted band against a basket of currencies, rather than by adjusting interest rates.

    Growth Support

    "Against backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward, while providing support for sustainable growth in the economy," the central bank said in a twice-yearly monetary policy statement.

    "MAS will therefore re-centre the exchange rate policy band at the prevailing level of the S$NEER. There will be no change to the slope or width of the policy band."

    The Singapore dollar hit a record high, up 0.9% on the news to 1.3683 per U.S. dollar. The currency has gained around 5% this year.

    Ten out of the 12 economists polled by Reuters had expected the MAS to refrain from tightening monetary policy due to concerns about slower economic growth.

    The other two had expected the MAS to tighten policy to fight inflation, which stood at 6.5% in February. In January it hit 6.6%, the highest since March 1982.

    The MAS said it expected inflation in the upper half of its 4.5% to 5.5% forecast range this year.

    Singapore is one of the first Asian countries to report GDP data each quarter. The health of its exports is seen by analysts as a barometer of demand for Asian goods.

    Despite concern about slower global growth, most central banks in Asia have refrained from easing monetary policy due to high inflation.

    Some analysts said a stronger Singapore dollar would further cut demand for the island's exports by making them more expensive at a time when demand in the key U.S. market is weakening.

    They also said a stronger Singapore dollar may not be as effective as before in reining in inflation because domestic factors such as a tight labour market, high wages and elevated property prices were factors as well.

    The MAS tightened policy slightly at its last meeting in October as asset prices spiralled higher.

    Singapore's economic growth is largely fuelled by manufacturing of products such as electronics, pharmaceuticals and oil rigs. However, the economy also relies increasingly on tourism, financial services and construction.

  10. #190
    Unregistered Guest

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

    There's a new freehold Upp East Coast condo asking about the same price as Wasterfront Waves. Good luck.

  11. #191
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    There's a new freehold Upp East Coast condo asking about the same price as Wasterfront Waves. Good luck.
    You mean they have reservoir there also ha.
    Come on, Upper East Coast and East coast drive /ave /etc or even Siglap are totally different. Don't confuse others. Of course price will be different. Upper East Coast are consider same as Waterfront area....or that stretch. But no view lar.

  12. #192
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    There's a new freehold Upp East Coast condo asking about the same price as Wasterfront Waves. Good luck.
    Which project???

  13. #193
    Unregistered Guest

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

    beautiful n peaceful surroundings

  14. #194
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    Which project???
    My agent, told me about it. You can call him at 92993342 if you are keen

  15. #195
    Unregistered Guest

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

    Quote Originally Posted by Unregistered
    My agent, told me about it. You can call him at 92993342 if you are keen

    Breeze by the East.From 855 psf.

  16. #196
    Join Date
    Apr 2007
    Posts
    152

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

    The prices at waterfront waves are holding steady. April transactions are starting to be reflected. $838psf for a 1593 sqft unit has been transacted.
    Proves that the location is premium.

  17. #197
    Join Date
    Apr 2008
    Posts
    26

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

    Quote Originally Posted by Unregistered
    You mean they have reservoir there also ha.
    Come on, Upper East Coast and East coast drive /ave /etc or even Siglap are totally different. Don't confuse others. Of course price will be different. Upper East Coast are consider same as Waterfront area....or that stretch. But no view lar.
    A bit difficult to compare as one (WW) has view, but the other (Breeze) is freehold.

  18. #198
    Join Date
    Mar 2008
    Posts
    33

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

    also must take into consideration that maintenance fees in 5-storey apartments likely to be much higher than mass development. but breeze is nearer to amenities - I love Siglap.. so yuppy..

  19. #199
    Join Date
    Apr 2008
    Posts
    91

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

    Private Residential Units Sold in the Month of March 2008

    Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Waterfront Waves . OCR ....... 14 ............................. 913 ............... 806 ............... 713

  20. #200
    Join Date
    Apr 2007
    Posts
    152

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

    $806 median price for waterfront wave in March08'. Good news for waterfront waves owners.

  21. #201
    Join Date
    Apr 2007
    Posts
    152

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

    Source: www.gov.sg

    SPEECH BY MR RAYMOND LIM, MINISTER FOR TRANSPORT AND SECOND MINISTER FOR FOREIGN AFFAIRS

    AT LAND TRANSPORT DURING COMMITTEE OF SUPPLY DEBATE, 9 MARCH 2007, 3.30 PM AT PARLIAMENT

    An Excerpt


    Expanding our Rail Network
    We have set ourselves a target of raising the public transport share of all morning peak hour trips from the current 63% to at least 70% by 2020.
    To achieve this, it is important that we increase the density of our rail network.
    In most major cities that have a high public transport modal share such as London, New York and Tokyo, the rail network ¨C density and frequency ¨C plays a critical role as it is the most competitive alternative to the car, in terms of speed, reliability and comfort.
    We see this too in Singapore. Commuters surveyed in LTA¡¯s 2006 Public Transport Customer Satisfaction Survey gave the thumbs-up for the MRT. 94% of users surveyed were satisfied with MRT services.
    It scored well in critical attributes such as travel time (94% were satisfied), reliability (93%) and station accessibility (93%).
    Looking ahead, and this is in answer to Liang Eng Hwa, expanding our MRT network is a key plank of our strategy to improve public transport journey times, to close the gap with private transport.
    So what can Singaporeans look forward to?
    The Circle Line will open from 2010 onwards, improving connectivity and reducing travel times. From Bishan to Peya Lebar, 30 minutes now.
    When the Circle Line is up and running, 17 minutes. For Bishan residents, an exciting night out at Holland Village will be less than 20 minutes away, while a lovely evening stroll at the Botanic Gardens is just two stops away from Bishan Station.
    The Circle Line will also help to spice up our city life by connecting people and places. For example, sports fans will be glad to know that after watching their favourite football team at the new Sports Hub, they can if they wish to do so take a train ride from the Stadium Station to Mountbatten Station to have supper at Old Airport Road.
    Beyond this, the LTA is completing its feasibility studies for a new 33-station Downtown Line that will link the eastern and north western corridors to the Marina Bay.
    When the Downtown Line is up, residents in Bukit Panjang, Bukit Timah, Bedok Reservoir and Macpherson can take the train to see the bright lights of the Marina Bay Sands Integrated Resort.
    A trip from Bukit Panjang to the city centre that now takes 60 minutes will be shortened by one-third. A resident in the Bedok Reservoir area will no longer need to take a feeder bus to Bedok Central to catch a train into the CBD. The Downtown Line will connect his home in the heartlands directly to the Marina Bay. Beyond the Downtown Line, we are identifying other possible rail lines and extensions required to support Singapore¡¯s development to 2020 and beyond.
    As part of our long-term planning for a future Singapore of 6.5 million population, we expect that we will need to at least double our current rail network of 138 km for a 50% increase in population. That means putting in the equivalent of at least 7 North-east Lines.
    Our expansion plans will bring the MRT to areas that are currently not well-served, enhance connectivity, reduce travel time, and relieve congestion on heavily-used MRT routes.
    Full Text of Speech

    DTL 3 to be brought forward by 2 years

    The Minister also announced that Stage 3 of the Downtown Line (DTL) will now be completed two years earlier - from 2018 to 2016 - to benefit residents of Bedok Reservoir and Tampines.

    And another time he said this...

    Source: www.gov.sg Media Release Mar 2007

  22. #202
    URA Guest

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

    Private Residential Units Sold in the Month of April 2008

    Project Name ..... Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Waterfront Waves . OCR ....... 1 ............................... 909 ............... 909 ............... 909

  23. #203
    Unregistered123 Guest

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

    We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.

    Rationale was simple and not rocket science.

    #1. There was no demand for housing when the boom started.
    The vacancy rates on existing housing were above New York, London, Hong Kong, Tokyo and other major urban market levels. A Singapore property boom made no sense at all.

    #2. Singapore GDP...nice impressive numbers. But the growth was 99% construction related. There is no economic growth when the construction boom ends and those numbers are subtracted from the total.

    #3. The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market.

    #4. Value for money on Singapore property for foreign investors is not good when compared to other projected growth economies. (Several factors are weighed including psf, quality of workmanship, size of economy, projected growth of economy, lifestyle and culture of the market.)

    #4. The targeted future population numbers of Singapore are pie in the sky and completely without substance. Singaporeans are not having kids and the demand for jobs in Singapore will be service led lower paying jobs to supply the planned tourism developments. None of these new inhabitants will be buying or renting condo's, especially in the high-end. And tourists visit, they don't buy or rent.

    #5. Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities.

    #6. There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market. This leads to investors’ belief in hype and speculation rather than economic principles.

    #7. Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy.

    We expect distress sales in the property market to start soon. The high-end rental market is non-existent and the higher % of all unit sales were high-end investment property, speculator driven.
    These buyers need "wealthy" renters to subsidize the million dollar mortgages. Most locals cannot afford the rents the market is demanding.
    Surveys of multinational companies and banks have indicated that there is no boat-load of expats with a big housing allowance arriving at the Singapore port anytime soon. The new owner is now stuck with 100% of a very expensive monthly mortgage.

    Here is an example of one major high-end development I'm following to prove the point. These are some very telling numbers.
    600+ units launched
    20+ remaining at $2,000 per square foot via the developer.
    100+ units previously sold are now for sale privately less than 7 months after launch for $1,300 to $1,600 per square foot.
    The reason...no rental income.
    That tells me that property owners are willing to admit that market prices are down 25%+ already. Unfortunately, even at a 25% discount, there are no buyers.

    Existing Singapore residents are keeping the rental market buoyant due to the fact they sold their old places and are waiting for the prices to drop...OR...waiting for their new unit to be completed. These people are relatively small in overall numbers and definitely not going to rent high end luxury units. They are driving HDB, middle priced housing rents up right now. They are also demanding 12 month leases or even less if they can get it proving that they are waiting to move or sitting on the sidelines waiting for prices to drop.

    The Singapore property market is massively oversupplied today and more units are on the way. This is not good. This is should be extremely troublesome to anyone who owns property anywhere in that market. The potential valuation losses in the property market could be enormous, especially at the high-end. Overall prices could sink well below SARS levels and this could happen within 6 months to a year.

    The short lived property boom was very much like a pyramid scheme.
    It was all hype and no substance.
    The first guys in are now smoking big cigars.
    The last guys in are now left holding the ashtray.

  24. #204
    Unreg¡stered Guest

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

    Quote Originally Posted by Unregistered123
    We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.
    Quote Originally Posted by condoinvestor
    Interesting article, I wonder which company is behind this, maybe credit suisse,anyway its all nice and easy to say this now when the property market is in a period of consolidation,the 15% drop has not been realised yet, URA data showed prices were up on the whole for the first quarter and as for furher 25% drop by next month, I am in the market and I know prices are no where close to that, because there are buyers out there that would have grabbed it otherwise, lots of buyers around testing the market, so far very few are succesful as sellers are holding esp if the unit is a good one,

    Property and stocks are two different investments altogether, within a condo or housing dev. there are so many types of units and it suits people differently, unlike stocks that are uniform,For example in Seaview Condo, you could get a low, mid or high floor unit and can be further divided into those that get morning or afternoon sun and further divided into what views it has, then there is the layout etc etc.

    My point is that these statistics work well for stocks and similar investments, not for real estate,

    Just because a unit in the development is sold for 600 psf does not mean the whole condo will be priced as such, that unit could be on a low floor and facing a busy road with afternoon sun, so does that mean your unit which is on the high floor with unblocked sea view and no afternoon sun has depreciated, I beg to differ, prices of real estate in Singapore is reflective of the quality and surrounding environment, and that is what we are paying for,

    With construction prices heading up new developments will only cost more making existing ones more affordable and room to appreciate further...

    My humble two cents...
    All the above predictions did not materialised at all.
    The report/analysis is a complete failure.

    I wonder why Unregistered123 post a faulty report here?

  25. #205
    Baywater Supporter Guest

    Default Waterfront Waves Vs Baywater

    It seems such a big hoo-hah... on Waterfront Wave leh...
    1) Price so high
    2) Hall so small and balcony too big.
    3) I have seen baywater....it seems so much better in terms of layout.
    4) Baywater is ready don't have to wait...
    5) Why wait for 2 years when you have something ready now.
    6) Baywater can get 1.2 million high floor facing reservoir view also what.

    Can anyone give me a reason why i should not choose baywater over waterfront wave?

  26. #206
    Unregistered...... Guest

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

    because you are obviously a baywater owner trying to talk up the price.

  27. #207
    RTY Guest

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

    Quote Originally Posted by hayata1972
    $806 median price for waterfront wave in March08'. Good news for waterfront waves owners.
    Median prices is not a true reflective of the market lah..........

  28. #208
    Baywater Supporter Guest

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

    No way... i am talking up price of Baywater leh...
    I am using logic over emotions.

    I buy baywater now. I rent it out for 2 years....... i can get 5K X 24 months = 120K.

    Come 2010, i am 120K richer. I sell Baywater...buy Waterfront can right.
    Maybe economy go down

  29. #209
    great Guest

    Thumbs up Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Baywater Supporter
    No way... i am talking up price of Baywater leh...
    I am using logic over emotions.

    I buy baywater now. I rent it out for 2 years....... i can get 5K X 24 months = 120K.

    Come 2010, i am 120K richer. I sell Baywater...buy Waterfront can right.
    Maybe economy go down
    Hahaha, what a good argument you put up with.

  30. #210
    Unregistered. Guest

    Thumbs down Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Baywater Supporter
    No way... i am talking up price of Baywater leh...
    I am using logic over emotions.

    I buy baywater now. I rent it out for 2 years....... i can get 5K X 24 months = 120K.

    Come 2010, i am 120K richer. I sell Baywater...buy Waterfront can right.
    Maybe economy go down
    Are you sure your such tiny estate can rent out at 5K? a year???! so no convinent, so noisy - don't forget, you have to either face PIE, or these 2 main roads, Fei Shui no good leh. Who want to stay? who want to buy?

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