The US cheeky banks said they are profitable in the first 2 months of the years, do we really believe them? Geithner is going to talk about toxic assets tonight, and I hope the DJI will plunge tonight, haha... every time this guy talks, market will be very red, same goes to Hank Paulson.
I think we are in the mid of market stabilization, and it may take another 9-12 months to exit the dark tunnel... hope the market move slowly, to give us more time to accumulate stocks.
I also realized some developers have better holding power, especially FEO, look at their coming new launch - Mi Casa, guess what will be the launching price?!?! I bet it will be higher than 620psf. Double Bay is another one, developer are not keen to sell cheap. Their sales is actually disappointed!