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Thread: URA mulls over monthly index on private home prices

  1. #31
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Hopeless for the speculator but good for Singapore's economy. We are driven by productivity not by speculation.
    Don't use speculation as a scape goat lah. Govt won't be so stupid to swallow your "sour grape" once more. This time price increase is going to be purely fundamental.

  2. #32
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Hopeless for the speculator but good for Singapore's economy. We are driven by productivity not by speculation.
    Quote Originally Posted by Unregistered
    Don't use speculation as a scape goat lah. Govt won't be so stupid to swallow your "sour grape" once more. This time price increase is going to be purely fundamental.
    Singapore's property market is undergoing a very unique transformation. It is driven by neither "productivity" nor "speculation" nor "fundamental".

    Singapore is transforming into a playground for the "rich and famous". The people moving into Orchard Road and Marina Bay now are not your run-of-the-mill CEOs and Company MDs. They are the bosses of the the CEOs and MDs.

    These people, like Jim Rogers the legendary investor who co-founded to Quantum Fund together with George Soros, Jet Li the international filmstar, Sudhir Gupta the Indian-Born owner of Russian-listed Amtel-Vredestein, Satinder Garcha the internet-entrepreneur turned property developer, are now converging into Singapore because of its clean and safe image.

    Is this due to "productivity"? No it's got nothing to do with productivity. How many disk drives our factory engineers produce will not affect Sudhir Gupta's ability to purchase high end properties because his business Amtel-Vredestein is based in Russia.

    Is this due to "speculation"? No it's got nothing to do with speculation. Jim Rogers is a hedge fund speculator but he's not a property speculator. He moved to Singapore in order to provide his daughter a good education and also because our air here is clearner than Beijing or Hong Kong's.

    Is this due to "fundamentals"? No it's got nothing to do with fundamentals. I don't think people will watch less of Jet Li's movies if the economy is bad.

    These Ultra High Networth Individual (UHNI) are pushing out from Orchard Road the VHNI en blockers (e.g. doctors or lawyers staying there). (VHNI stands for Very High Networth Individuals).

    They're virtually telling these professionals "Here, take the money and get the F*** out of my Orchard Road playground!"

    So these VHNIs, after collecting their millions, go to the City Fringe like East Coast and Thomson and tell the HNI owners, e.g. retired school principals, "Here, take the money and get the F*** of East Coast!"

    These HNIs then take their money to the HDB flats at Queenstown and tell the people there "Here, take the money and get the F*** out of Queenstown!"

    And this goes on ...

  3. #33
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Singapore property is dirt cheap in comparing to those in HK. One would expect folks in HK will queue up to buy Singapore property. Wrong! I was surprised to find out the other days that despite a surge of buying of Sinagpore property by foregniers last years, only 1% of total foreign buying were by folks from HK. Lesson: there is so such thing as cheap or expensive, investors only care about upside potential! Folks in HK are good at speculative activity and they just don't see great upside potential in SInagpore property!
    The older HKees got burnt at 98' they need to have the confidence to come back again.

  4. #34
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Singapore's property market is undergoing a very unique transformation. It is driven by neither "productivity" nor "speculation" nor "fundamental".

    Singapore is transforming into a playground for the "rich and famous". The people moving into Orchard Road and Marina Bay now are not your run-of-the-mill CEOs and Company MDs. They are the bosses of the the CEOs and MDs.

    These people, like Jim Rogers the legendary investor who co-founded to Quantum Fund together with George Soros, Jet Li the international filmstar, Sudhir Gupta the Indian-Born owner of Russian-listed Amtel-Vredestein, Satinder Garcha the internet-entrepreneur turned property developer, are now converging into Singapore because of its clean and safe image.

    Is this due to "productivity"? No it's got nothing to do with productivity. How many disk drives our factory engineers produce will not affect Sudhir Gupta's ability to purchase high end properties because his business Amtel-Vredestein is based in Russia.

    Is this due to "speculation"? No it's got nothing to do with speculation. Jim Rogers is a hedge fund speculator but he's not a property speculator. He moved to Singapore in order to provide his daughter a good education and also because our air here is clearner than Beijing or Hong Kong's.

    Is this due to "fundamentals"? No it's got nothing to do with fundamentals. I don't think people will watch less of Jet Li's movies if the economy is bad.

    These Ultra High Networth Individual (UHNI) are pushing out from Orchard Road the VHNI en blockers (e.g. doctors or lawyers staying there). (VHNI stands for Very High Networth Individuals).

    They're virtually telling these professionals "Here, take the money and get the F*** out of my Orchard Road playground!"

    So these VHNIs, after collecting their millions, go to the City Fringe like East Coast and Thomson and tell the HNI owners, e.g. retired school principals, "Here, take the money and get the F*** of East Coast!"

    These HNIs then take their money to the HDB flats at Queenstown and tell the people there "Here, take the money and get the F*** out of Queenstown!"

    And this goes on ...
    Is this what experts say "climb up the value chain"? Very 'chim', indeed!

  5. #35
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Singapore's property market is undergoing a very unique transformation. It is driven by neither "productivity" nor "speculation" nor "fundamental".

    Singapore is transforming into a playground for the "rich and famous". The people moving into Orchard Road and Marina Bay now are not your run-of-the-mill CEOs and Company MDs. They are the bosses of the the CEOs and MDs.

    These people, like Jim Rogers the legendary investor who co-founded to Quantum Fund together with George Soros, Jet Li the international filmstar, Sudhir Gupta the Indian-Born owner of Russian-listed Amtel-Vredestein, Satinder Garcha the internet-entrepreneur turned property developer, are now converging into Singapore because of its clean and safe image.

    Is this due to "productivity"? No it's got nothing to do with productivity. How many disk drives our factory engineers produce will not affect Sudhir Gupta's ability to purchase high end properties because his business Amtel-Vredestein is based in Russia.

    Is this due to "speculation"? No it's got nothing to do with speculation. Jim Rogers is a hedge fund speculator but he's not a property speculator. He moved to Singapore in order to provide his daughter a good education and also because our air here is clearner than Beijing or Hong Kong's.

    Is this due to "fundamentals"? No it's got nothing to do with fundamentals. I don't think people will watch less of Jet Li's movies if the economy is bad.

    These Ultra High Networth Individual (UHNI) are pushing out from Orchard Road the VHNI en blockers (e.g. doctors or lawyers staying there). (VHNI stands for Very High Networth Individuals).

    They're virtually telling these professionals "Here, take the money and get the F*** out of my Orchard Road playground!"

    So these VHNIs, after collecting their millions, go to the City Fringe like East Coast and Thomson and tell the HNI owners, e.g. retired school principals, "Here, take the money and get the F*** of East Coast!"

    These HNIs then take their money to the HDB flats at Queenstown and tell the people there "Here, take the money and get the F*** out of Queenstown!"

    And this goes on ...
    What's the big deal? There're lots more in London, New York and Paris. Singapore cannot compare.

    Your dream goes on ...

    Meanwhile our government is still aiming to be productive, not aiming to serve the rich and famous.

  6. #36
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Singapore's property market is undergoing a very unique transformation. It is driven by neither "productivity" nor "speculation" nor "fundamental".

    Singapore is transforming into a playground for the "rich and famous". The people moving into Orchard Road and Marina Bay now are not your run-of-the-mill CEOs and Company MDs. They are the bosses of the the CEOs and MDs.

    These people, like Jim Rogers the legendary investor who co-founded to Quantum Fund together with George Soros, Jet Li the international filmstar, Sudhir Gupta the Indian-Born owner of Russian-listed Amtel-Vredestein, Satinder Garcha the internet-entrepreneur turned property developer, are now converging into Singapore because of its clean and safe image.

    Is this due to "productivity"? No it's got nothing to do with productivity. How many disk drives our factory engineers produce will not affect Sudhir Gupta's ability to purchase high end properties because his business Amtel-Vredestein is based in Russia.

    Is this due to "speculation"? No it's got nothing to do with speculation. Jim Rogers is a hedge fund speculator but he's not a property speculator. He moved to Singapore in order to provide his daughter a good education and also because our air here is clearner than Beijing or Hong Kong's.

    Is this due to "fundamentals"? No it's got nothing to do with fundamentals. I don't think people will watch less of Jet Li's movies if the economy is bad.

    These Ultra High Networth Individual (UHNI) are pushing out from Orchard Road the VHNI en blockers (e.g. doctors or lawyers staying there). (VHNI stands for Very High Networth Individuals).

    They're virtually telling these professionals "Here, take the money and get the F*** out of my Orchard Road playground!"

    So these VHNIs, after collecting their millions, go to the City Fringe like East Coast and Thomson and tell the HNI owners, e.g. retired school principals, "Here, take the money and get the F*** of East Coast!"

    These HNIs then take their money to the HDB flats at Queenstown and tell the people there "Here, take the money and get the F*** out of Queenstown!"

    And this goes on ...


    you are right, but these HNI people is much more humble than you.

  7. #37
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    What's the big deal? There're lots more in London, New York and Paris. Singapore cannot compare.

    Your dream goes on ...

    Meanwhile our government is still aiming to be productive, not aiming to serve the rich and famous.
    Let me rephrase your statement:

    "Our government is still aiming to be productive, in order to serve the rich and famous".

    See article below. Take note of the part that I highlight in bold red colour.

    The Business Times

    29 Oct 2007

    WDA to target bosses, senior execs in service excellence drive
    By CHUANG PECK MING

    (SINGAPORE) Bosses and management staff will be the target next month when the Workforce Development Agency (WDA) kicks off its latest campaign to drive service excellence.
    This year's effort comes at a time when the local tourism landscape is shifting to higher ground as a record number of tourists has descended on Singapore, with more to come when the Formula One race and integrated resorts take off.
    'The service industry is at a very exciting turning point,' says Ong Ye Kung, WDA's chief executive. 'Singapore now has a whole new tourism landscape. Someone described to me that we are now a playground of the rich and famous. Look at the property prices. I think they indicate that.'
    There is a different look and feel about Singapore's tourism business now - and that is rubbing off on the retail trade and many others in the services sector, like healthcare and education.
    'The sophistication of our service level must rise in tandem with the sophistication of demand we are now facing,' Mr Ong says.
    As with the spike in property prices, the service standards here - going beyond 'greeting, smile and thanks' - are also set to rise, now that workers are more aware of the need to offer good service to customers - an indication that the 'Go-the-Extra-Mile -for-Service' (GEMS) movement has got its message through.
    'There is a critical mass of workers who feel that they really have to give good service - that it is good professionalism, good for their careers,' Mr Ong told BT in a recent interview.
    And according to him, the greater awareness is reflected in greater media coverage of service standards and in letters of complaints and praises written by the public to The Straits Times's Forum Page.
    'When there is awareness, people seek to improve,' Mr Ong says. But he also points out that awareness is only the start - it has to be guided.
    And that's where business leaders come in - they have to provide the training for workers; set up the standard operating procedures and system to ensure service delivery is consistent and reliable; and empower workers with the flexibility to act on the ground.
    Singapore could do with more CEOs and senior executives taking the lead in raising service quality here.
    According to a recent WDA poll of 1,623 executives, most know service is important but only half of them are ready to do anything about it.
    And even though most bosses recognise service matters, Mr Ong says the number is still not large enough.
    'The majority of CEOs think service is important but it's not a huge majority,' he says. 'The percentage is still less than the percentage for workers and the public.'
    He finds this puzzling: 'CEOs should be the ones leading the thought process, asserting their thought leadership and they should have the highest percentage in terms of saying how important service level is.'
    Like all changes in a company, Mr Ong says service improvement should also be driven from the top.
    'When we first started the GEMS movement, our instinct was to say everyone has a part to play,' he says. 'Today we are in the next phase of the GEMS movement. I, WDA as well as our council members are beginning to have the feeling that CEOs play a particularly important role - and this year, in the next phase of GEMS movement, we want to focus on what CEOs can do.'
    The WDA wants to go beyond the job of the CEOs and senior management in setting the tone, providing the tools to workers and putting in place what it takes to raise service quality.
    'My hope is that we can create public discussions among CEOs and top (business) leaders, to discuss what really is their role as the CEO in shaping our service culture so that we can develop a unique brand of service for Singapore,' Mr Ong says.
    Just being friendly is simply not enough. 'The foundation in good service is getting things done properly, consistently, according to customers' expectations and six sigma standards (perfection in quality), giving customers what they want,' Mr Ong stresses.
    Perhaps, he says, bosses are reluctant to take on service improvement because they think it means extra cost - like offering gold-plated cutlery instead of cheaper stainless steel. This notion needs to be corrected.
    'It's not very different from how a manufacturing company or factory works,' Mr Ong says. 'It's process-based, it's about being able to solve problems on the ground, empowerment. These are all good manufacturing practices which are applicable to service industries - and which will make good service.'
    Putting bosses in the spotlight, WDA hopes to deepen its push for service quality. It also wants to extend the service message beyond the 'obvious industries' , to the logistics, banking, healthcare and transportation sectors.
    'We have a lot of good things going for us in terms of standard operating procedures, discipline at the workplace,' Mr Ong says.
    'We have a disciplined workforce that can follow the SOPs very well. That's half the battle won. The other half is adding in the smile, the empowerment. First the form, next is the passion and the sincerity. I think we can reach there.'
    Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.

  8. #38
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    But in one fell swop last October the ppty market and enbloc died a writhling death.

  9. #39
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    you are right, but these HNI people is much more humble than you.
    I think you have not really interacted much with HNI people.

    Or perhaps you've only seen them on TV talking about how much they "care" for their employees and the environment.

    There are two types of HNI individuals:

    1. Those who've inherited their wealth are usually quite gracious and humble.

    2. On the other hand, those who've built up their business from scratch are anything but gracious and humble.

    A person who is gracious and humble doesn't get anywhere in life if he doesn't also happen to be born with a silver spoon in his mouth.

  10. #40
    Unregistered Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    But in one fell swop last October the ppty market and enbloc died a writhling death.
    It's taking a rest, after climbing up the stairs so fast in such a short time.

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