Mass market and mid-tier private apartments expected to do well this year

[Unregistered]

Peaked Peaked Peaked
Analysts say it has peaked
Desperate flippers get freaked
Because they realised that the news has leaked
Now on to the exits as fast as they could bolt
Beacuse no question of their units ever being sold
Mayhem all over as they rush
Fellow flippers will they crush?
Thud Thud Thud Splash Splash Splash
It is all over in a flash

[Unregistered]

Thanks. What a relief!

I will not cash in my ppty for now. I will hold and continue to hold until the price increase by at least another 300%.

Retiree.

Property prices can increase by more than 10,000%.

Our family house that my grandparents bought for $50,000 in the 1950's is now worth $7 million. That's 14,000%.

300% is too little.

Properties should only be bought but never sold.

Your grandchildren will be grateful to you.

[Unregistered]

Property prices can increase by more than 10,000%.

Our family house that my grandparents bought for $50,000 in the 1950's is now worth $7 million. That's 14,000%.

300% is too little.

Properties should only be bought but never sold.

Your grandchildren will be grateful to you.

Then what about him?

[Unregistered]

Then what about him?

He should still have liquid assets that he draw upon.

Unless a person has no money, then he has no choice but to sell everything.

However, most prudent people should have liquid assets approximately equivalent to their property holdings.

e.g. an average Singaporean with a property worth $1 million should have another $1 million in fixed deposits/CPF, stocks or insurance that can provide a steady stream of income for the rest of his life.

Say $1 million at 2.5% return (using CPF interest rate as example) will generate about $25,000 per year or approximately $2,000 per month. This should provide a comfortable retirement income stream, while leaving the capital sum intact.

The capital sum of $1 million can be on standby in case of medical costs in later years; while the property is left for future generations.

[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.

[Unregistered]

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.

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'

THERE GOES THE PROPERTY MARKET....ILL, DEAD AND BURIED. REST IN PEACE.

The property market still very healthy wat ...

Got 4,200 home loans approved in January, only 21% below the "peak of 5,319 last August".

Unlike what the sour grapes here kept saying "No Buyers".

Furthermore, there is a 'a pick-up in market activity at the end of March'.

Looks like the property market will bury the sour grapes yet again.

[Unregistered]

The property market still very healthy wat ...

Got 4,200 home loans approved in January, only 21% below the "peak of 5,319 last August".

Unlike what the sour grapes here kept saying "No Buyers".

Furthermore, there is a 'a pick-up in market activity at the end of March'.

Looks like the property market will bury the sour grapes yet again.

HEALTHY HEALTHY HEALTHY
SCREAMS THE NOT SO WEALTHY
SAYS CRASHED BY 21% ONLY
SOMETIMES THE MORONS ARE VERY FUNNY
THE WISE SAY NO BUYERS ALREADY
AND MARKET GOING DOWN UNDER VERILY
SITUATION BY THE DAY GETTING MORE DEADLY
FINALLY...MORONS WILL DIE SCREAMING HEALTHY HEALTHY HEALTHY
BECAUSE UNITS OUT THERE WITH NO BUYERS IN PLENTY!!!