I agree. People here are so captivated by money and greed that they have lost all human feelings and emotions. It is rightly said "money is the root of all evil". They can sell or betray anyone for making that extra cent.Originally Posted by Unregistered
Newbie
Home prices that have not surpass 1996 levels are right now still moving up, thus, having the 4.2% growth in overall property market in SG. In fact if you guys monitor closely, CCR, OCR and RCR areas are already correcting itself for the 1st quarter 08' if not for the mass market and certain developments by FEO, the report should actually be in negative territory already.
But, those who are still waiting for the right time better start hunting now.
The market may be down now, but, just remember IR will be in operations by 2009.
Agreed. The chart is freaking inaccurate! Since when is D21 between 1500-2000psf? Since when is D23 (Choa Chu Kang?) between 1000-1500psf? Whoever who did the chart should be fired for publishing such misleading info..... URA price index is better indication of whether avg prices have exceeded 1996 peak and the answer is unequivocally NO.
Home prices that have not surpass 1996 levels are right now still moving up, thus, having the 4.2% growth in overall property market in SG. In fact if you guys monitor closely, CCR, OCR and RCR areas are already correcting itself for the 1st quarter 08' if not for the mass market and certain developments by FEO, the report should actually be in negative territory already.
But, those who are still waiting for the right time better start hunting now.
The market may be down now, but, just remember IR will be in operations by 2009.
Stop usual talk about IR and F1. Market conditions world wide would influence prices. Not gambling.Home prices that have not surpass 1996 levels are right now still moving up, thus, having the 4.2% growth in overall property market in SG. In fact if you guys monitor closely, CCR, OCR and RCR areas are already correcting itself for the 1st quarter 08' if not for the mass market and certain developments by FEO, the report should actually be in negative territory already.
But, those who are still waiting for the right time better start hunting now.
The market may be down now, but, just remember IR will be in operations by 2009.
Are you sure?
It is stated in the chart that it is based on info from URA.
District . Project Name .. Price ........... Area ....... Unit Price . Date
23 ......... Park Natura ...... $1,847,100 . 1,744sqft . $1,059psf . Feb 08
.....
.....
23 ......... Park Natura ...... $1,704,220 . 1,410sqft . $1,209psf . Dec 07
.....
.....
23 ......... Park Natura ...... $1,179,440 . 1,012sqft . $1,166psf . Nov 07
District . Project Name .. Price ........... Area ....... Unit Price . Date
21 ......... Jardin ................ $2,041,095 . 1,206sqft . $1,693psf . Feb 08
.....
.....
21 ......... Jardin ................ $3,420,000 . 1,776sqft . $1,926psf . Jan 08
.....
.....
21 ......... Jardin ................ $3,679,000 . 1,787sqft . $2,059psf . Dec 07
In fact they need to correct their figure.
$2,059psf is higher than $2,000psf.
Alamak! So the chart is correct lah!
All history now. They are looking at changing the colors in the map.
D5 is already blue going purple
Looks like you are color blind.
Of course correct. Who dare to misrepresent URA data?
Agree. Agree.
Wah! No joke man! D23 is now at $1,000-1,500psf.
D21 at $1,500-2,000psf!
Sour grapes of course.
Sour grapes dare to misrepresent URA data.
URA says that the property market up 4.2% but sour grapes say it is down 500%.
Pissed Pissed Pissed
Those stuck are pissed
Thought market would go up
and they could flip
But ended up getting the whip.
Ohhh pissed pissed pissed
Speculators are pissed
Of course they are pissed.
They think they can get the price to increase by 42%? They must be dreaming!
Too bad for them. Price only went up a pathetic 4.2%!
I hv saved for years and paid up for my retired asset, a ppty. But, inflation has eaten up it's value and ruin my retirement plan.
I hope govt can boost the ppty prices so I can hv enough money to retire. I heard that in Dubai ppty prices has increased more than 10 folds since 2002 until today. Beijing, Shanghai, HK and many part of South East Asia hv also increased many many folds since early 2000 until now.
Then, why our ppty prices increase was so short and so little compared to other major city in Asia? How can the retirees survive in this high inflationary environment with so little amount of money?
I read from this forum some ppl said that our ppty prices was intentionally kept low so we can attract foreign talent. Is that true? I hope not.
Dear Retiree,
Rest assured that your worries are unfounded.
On the contrary, the Government continously invests billions throughout the island to enhance the values of assets owned by all Singaporeans.
Read the following speech by none other than our MM Lee.
"Singapore is undergoing a transformation. The Marina Barrage is completed. From next year 2009, saline water will be drained out and we will have a fresh water lake. PUB will make sure that the lake is free of debris and pollution. All streams, canals and monsoon drains will become the recreation waterways and be greened up and fitted with board water. This requires complex engineering task and also needs the cooperation of our people to keep our drains and waterways free of plastic and other waste.
By 2011, the Marina Bay Area will be splendid, especially a water plaza, surrounded by a promenade fronting financial centres, integrated resorts, residential condominiums, food and beverages outlets, an enchanting sight to behold. It will be a unique city centre. We will not leave our heartlands behind. All new towns will be upgraded and beautified. The massive new investments in infrastructure and beautification, plus a steadily growing economy, with higher incomes, will keep property values going up."
The full text of his speech can be found here:
http://www.pmo.gov.sg/News/Speech+by...ear+Dinner.htm
Pissed Pissed Pissed
Those stuck are pissed
Thought market would go up
and they could flip
But ended up getting the whip.
Ohhh pissed pissed pissed
Speculators are pissed
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.
SINGAPORE HAS ALREADY UNDERGONE THE TRANSFORMATION WITH MORE MORONS JUMPING OFF HIGH RISES. GOOD RIDDANCE.
And you, maddog/tigersee, is one of those morons. Goodbye! Ha ha ha!
Ha ha! Even D23 is between $1.0k to $1.5k psf. Impressive!
Pissed Pissed Pissed
Those stuck are pissed
Thought market would go up
and they could flip
But ended up getting the whip.
Ohhh pissed pissed pissed
Speculators are pissed
Of course they are pissed.
They think they can get the price to increase by 42%? They must be dreaming!
Too bad for them. Price only went up a pathetic 4.2%!
42%? Why not? It's coming very soon. Check out how our stock market rally lately. A wise guy should hv known what is going to happen next. Too bad that you are not wise enough, moron!
Pissed Pissed Pissed
Those stuck are pissed
Thought market would go up
and they could flip
But ended up getting the whip.
Ohhh pissed pissed pissed
Speculators are pissed
300%? I am not too sure how long you can hold.
Haha this is damm funny.
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
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