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Thread: Residential rents seen rising further

  1. #31
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Mrs Ong ChoonFah, DTZ
    'We'll have to accept that Singapore will be open to international competition, with funds and high net-worth individuals coming in. People who cannot afford to live in these areas will have to find alternative locations,'

    - Ong ChoonFah (Mrs)
    .. Executive Director
    .. DTZ
    Unfortunately, sour grapes are still in denial and they keep whining everyday despite the fact that Singapore is going to be a mother of all hubs. Sour grapes cannot accept the fact that they are squeezed out of the condo market.

  2. #32
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Chinese shares close 5.42% lower, steepest plunge in two months
    Posted: 27 March 2008 1535 hrs

    SHANGHAI: Chinese share prices on Thursday plunged 5.42 percent, the sharpest percentage decline in two months, amid fears about the impact of massive amounts of shares released into the market, dealers said.

    The benchmark Shanghai Composite Index, which covers A and B shares, closed down 195.36 points at 3,411.49 on turnover of 76.9 billion yuan (10.9 billion dollars).

    The Shanghai A-share Index was down 205.38 points or 5.43 percent at 3,578.92 on turnover of 76.7 billion yuan. The Shenzhen A-share Index lost 51.53 points or 4.25 percent to 1,161.67 on turnover of 34.9 billion yuan.


    because China A share s too high, they sell China buy Spore S share, what are you waiting for now?
    In May when STI cross 3600, whole property market will heat up again, then you will miss both boats again.
    No risk no gain, do your own homework.
    do not complain like sour grape or cry baby again, already told you so.

  3. #33
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Paulson Says US Shouldn't Prop Up Housing Prices
    By Reuters | 26 Mar 2008 | 10:26 AM ET

    U.S. Treasury Secretary Henry Paulson said Wednesday policy-makers should not interfere with an "inevitable" drop in housing prices but should work to minimize the impact on the economy.

    "A correction was inevitable and the sooner we work through it, with a minimum of disorder, the sooner we will see home values stabilize, more buyers return to the housing market, and
    housing will again contribute to economic growth," he said on prepared remarks for delivery to the U.S. Chamber of Commerce.

    The U.S. Treasury chief also said no one should conclude that broker-dealers and other big financial firms will get permanent access to new lending facilities made available by the Federal reserve to ease market stresses.

    In wide-ranging comments on current conditions in credit and housing markets, Paulson tried to sound a note of reassurance about the future. He said capital markets remain flexible and resilient and that regulators and policy makers were "vigilant" about the risks the economy faces.

    He said the Fed's actions in taking a series of moves to boost market liquidity and to offer broader access to its so-called discount window for loans were helpful but exceptional.

    "At this time, the Federal Reserve's recent action should be viewed as a precedent only for unusual periods of turmoil," Paulson said.

    He said policy makers were fully aware that it was a housing downturn that precipitated capital market turmoil and posed the biggest risk to the economy but made clear he felt it had room to run yet and should be allowed to do so.

    Amid calls for action to minimize foreclosures, make more affordable mortgages available and reduce fraud, Paulson said it was vital to choose policies that "minimize the impact of -- but do not slow -- the housing correction."

    Paulson said that only about 2 percent of U.S. home mortgages were in foreclosure but said that as many as 2 million foreclosure starts might occur this year. In addition, he said that 8.8 million households may now have negative home equity -- meaning their mortgages are higher than the house could be sold for -- and said that will rise.

    Still, he said that if homeowners who are "underwater" on their mortgages walk away from them, they are no more than speculators and don't deserve special help.

    "Washington can not create any new mortgage program to induce these speculators to continue to own these homes, unless someone else foots the bill," Paulson said.

    He noted that a number of lawmakers have proposed initiatives to ease the strain on homeowners and welcomed their ideas but added "most are not yet ready for the starting
    gate."

  4. #34
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Mrs Ong ChoonFah, DTZ
    'We'll have to accept that Singapore will be open to international competition, with funds and high net-worth individuals coming in. People who cannot afford to live in these areas will have to find alternative locations,'

    - Ong ChoonFah (Mrs)
    .. Executive Director
    .. DTZ
    woooohahahhaaahahahahahahah sign of panic from property guys wooohahahaha.

  5. #35
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Mrs Ong ChoonFah, DTZ
    'We'll have to accept that Singapore will be open to international competition, with funds and high net-worth individuals coming in. People who cannot afford to live in these areas will have to find alternative locations,'

    - Ong ChoonFah (Mrs)
    .. Executive Director
    .. DTZ
    ChoonFah who?

  6. #36
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    woooohahahhaaahahahahahahah sign of panic from property guys wooohahahaha.
    woooohahahhaaahahahahahahah sign of panic from sour grapes who missed the boat wooohahahaha.

  7. #37
    AP Guest

    Default More Government Bailouts May Be On Way


    More Government Bailouts May Be on Way
    Bear Stearns Bailout May Open Way to Other Rescue Plans, Including for Distressed Homeowners

    Tom Raum
    Writer
    Associated Press
    Washington, D.C., U.S.
    Thursday, 27 March 2008, 4:51 am U.S. EDT


    People leave Bear Stearns on Monday, March 24, 2008 in New York. - AP Photo

    The economy is listing. So it must be time to bail. While there is little enthusiasm for government bailouts in general, voters are increasingly demanding immediate government relief as the economy ebbs.

    The Fed-engineered bailout of investment banker Bear Stearns and other assistance to financial institutions has further raised expectations. To some, the $30 billion JP Morgan-Bear Stearns deal also raised a fairness issue: Should the government bail out a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes, or caught in other troubled segments of the economy, such as laid-off factory workers?

    Members of Congress, particularly Democrats, will press the issue when they return from their spring break next week. Bailout proposals for homeowners abound, including several measures to get lenders to rework home loans. There are also bills to increase federal regulation over the nation's financial system.

    "The big thing about the Bear Stearns bailout -- if you want to call it that -- is that it kind of opens the doors for other types of bailouts like for homeowners and individuals," said federal budget expert Stanley Collender.

    "If the Fed is thinking about the business community, the lending community and the credit markets, then members of Congress are tending to think about individuals," said Collender, with Qorvis Communications, a Washington consulting firm.

    All three major presidential candidates gave what their campaigns billed as major speeches on the economy this week.

    Democratic Sens. Hillary Rodham Clinton and Barack Obama both called for direct federal intervention to help burdened homeowners. Sen. John McCain, the certain GOP presidential nominee, has called for caution.

    Clinton wants a $30 billion fund for states and communities to assist those at risk of foreclosure. Obama is pushing a a $10 billion relief package and a simplification of the tax code to allow more families to claim a mortgage income tax deduction.

    McCain said that, while he would evaluate various rescue proposals put forth, it is "not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." He previously proposed cutting the corporate tax rate to 25 percent from 35 percent and making permanent the Bush administration's first-term tax cuts, cuts he initially opposed.

    Budget hawks can only cringe at the raft of possible bailouts and expensive new federal programs that may be coming down the pike.

    Controversy still swirls around some earlier big bailouts.

    In the 1980s and 1990s, more than 1,000 savings and loan institutions failed, leading to a federal bailout totaling roughly $125 billion.

    The 1998 collapse of hedge fund Long-Term Capital Management, amid the Asian financial crisis, rocked Wall Street and prompted the Federal Reserve to help arrange a $3.6 billion private bailout.

    In 1975, President Ford first ignored pleas from a struggling New York City for help but later relented with a $7 billion loan package. President Clinton came to Mexico's aid in 1995 after a sharp devaluation of the peso, persuading countries and banks to lend the country $50 billion.

    Congress bailed out what was then known as Lockheed Aircraft in 1971 and Chrysler in 1979 with loan guarantees. In 1984, the failing bank Continental Illinois was effectively taken over by the federal government.

    After the Sept. 11, 2001, terror attacks, Congress quickly authorized $5 billion in cash to help shore up the airline industry and followed up with $10 billion in loan guarantees. It set up a compensation fund for victims of the attacks.

    While complaints of unfairness can always be raised, government bailouts can generally be defended when the government's failure to act could have dire consequences on society or the nation's financial system, said William Galston, a former domestic policy adviser to President Clinton and now a senior fellow at Washington's Brookings Institution.

    "Sometimes, you have to act in a very broad way, a way that's not very sensitive to the distinction between the innocent and the guilty, in order to bring about a broader public good. And then you sort it out later if you can," Galston said.

    Even President Bush seems torn between not interfering with market forces and wanting to keep the financial crisis from deepening.

    On March 14, he inveighed against government bailouts. "The temptation of Washington is to say that anything short of a massive government intervention in the housing market amounts to inaction. I strongly disagree with that sentiment," he told the Economic Club of New York. "I believe there ought to be action. But I'm deeply concerned about law and regulation that will make it harder for the markets to recover."

    But, a week later, Bush applauded the series of dramatic government interventions undertaken by Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson, claiming they had "acted swiftly to promote stability in our financial markets at a crucial time." He even thanked Bernanke for "working over the weekend."

  8. #38
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by AP

    More Government Bailouts May Be on Way
    Bear Stearns Bailout May Open Way to Other Rescue Plans, Including for Distressed Homeowners

    Tom Raum
    Writer
    Associated Press
    Washington, D.C., U.S.
    Thursday, 27 March 2008, 4:51 am U.S. EDT


    People leave Bear Stearns on Monday, March 24, 2008 in New York. - AP Photo

    The economy is listing. So it must be time to bail. While there is little enthusiasm for government bailouts in general, voters are increasingly demanding immediate government relief as the economy ebbs.

    The Fed-engineered bailout of investment banker Bear Stearns and other assistance to financial institutions has further raised expectations. To some, the $30 billion JP Morgan-Bear Stearns deal also raised a fairness issue: Should the government bail out a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes, or caught in other troubled segments of the economy, such as laid-off factory workers?

    Members of Congress, particularly Democrats, will press the issue when they return from their spring break next week. Bailout proposals for homeowners abound, including several measures to get lenders to rework home loans. There are also bills to increase federal regulation over the nation's financial system.

    "The big thing about the Bear Stearns bailout -- if you want to call it that -- is that it kind of opens the doors for other types of bailouts like for homeowners and individuals," said federal budget expert Stanley Collender.

    "If the Fed is thinking about the business community, the lending community and the credit markets, then members of Congress are tending to think about individuals," said Collender, with Qorvis Communications, a Washington consulting firm.

    All three major presidential candidates gave what their campaigns billed as major speeches on the economy this week.

    Democratic Sens. Hillary Rodham Clinton and Barack Obama both called for direct federal intervention to help burdened homeowners. Sen. John McCain, the certain GOP presidential nominee, has called for caution.

    Clinton wants a $30 billion fund for states and communities to assist those at risk of foreclosure. Obama is pushing a a $10 billion relief package and a simplification of the tax code to allow more families to claim a mortgage income tax deduction.

    McCain said that, while he would evaluate various rescue proposals put forth, it is "not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." He previously proposed cutting the corporate tax rate to 25 percent from 35 percent and making permanent the Bush administration's first-term tax cuts, cuts he initially opposed.

    Budget hawks can only cringe at the raft of possible bailouts and expensive new federal programs that may be coming down the pike.

    Controversy still swirls around some earlier big bailouts.

    In the 1980s and 1990s, more than 1,000 savings and loan institutions failed, leading to a federal bailout totaling roughly $125 billion.

    The 1998 collapse of hedge fund Long-Term Capital Management, amid the Asian financial crisis, rocked Wall Street and prompted the Federal Reserve to help arrange a $3.6 billion private bailout.

    In 1975, President Ford first ignored pleas from a struggling New York City for help but later relented with a $7 billion loan package. President Clinton came to Mexico's aid in 1995 after a sharp devaluation of the peso, persuading countries and banks to lend the country $50 billion.

    Congress bailed out what was then known as Lockheed Aircraft in 1971 and Chrysler in 1979 with loan guarantees. In 1984, the failing bank Continental Illinois was effectively taken over by the federal government.

    After the Sept. 11, 2001, terror attacks, Congress quickly authorized $5 billion in cash to help shore up the airline industry and followed up with $10 billion in loan guarantees. It set up a compensation fund for victims of the attacks.

    While complaints of unfairness can always be raised, government bailouts can generally be defended when the government's failure to act could have dire consequences on society or the nation's financial system, said William Galston, a former domestic policy adviser to President Clinton and now a senior fellow at Washington's Brookings Institution.

    "Sometimes, you have to act in a very broad way, a way that's not very sensitive to the distinction between the innocent and the guilty, in order to bring about a broader public good. And then you sort it out later if you can," Galston said.

    Even President Bush seems torn between not interfering with market forces and wanting to keep the financial crisis from deepening.

    On March 14, he inveighed against government bailouts. "The temptation of Washington is to say that anything short of a massive government intervention in the housing market amounts to inaction. I strongly disagree with that sentiment," he told the Economic Club of New York. "I believe there ought to be action. But I'm deeply concerned about law and regulation that will make it harder for the markets to recover."

    But, a week later, Bush applauded the series of dramatic government interventions undertaken by Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson, claiming they had "acted swiftly to promote stability in our financial markets at a crucial time." He even thanked Bernanke for "working over the weekend."
    OH SITUATION GETTING WORSE BY THE DAY. BAIL OUT TILL FED RUNS OUT OF CASH. TAX PAYERS PAY. INFLATION WILL KILL. SOON ALL DIE.

  9. #39
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    OH SITUATION GETTING WORSE BY THE DAY. BAIL OUT TILL FED RUNS OUT OF CASH. TAX PAYERS PAY. INFLATION WILL KILL. SOON ALL DIE.
    Don't worry. They have enough money to do it.

    They just need to bail out one or two, the rest will automatically increase their profits and the whole economy will go back on track. Money will come back again.

    Soon you may die but not them.

  10. #40
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    Don't worry. They have enough money to do it.

    They just need to bail out one or two, the rest will automatically increase their profits and the whole economy will go back on track. Money will come back again.

    Soon you may die but not them.
    lol moron thinks economy back on track by printing currency and bailing out.

  11. #41
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    lol moron thinks economy back on track by printing currency and bailing out.
    Well, too bad for you sour grape. It has worked before and will work this time.

  12. #42
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    Don't worry. They have enough money to do it.

    They just need to bail out one or two, the rest will automatically increase their profits and the whole economy will go back on track. Money will come back again.

    Soon you may die but not them.
    Quote Originally Posted by Unregistered
    lol moron thinks economy back on track by printing currency and bailing out.
    Huh? Bernanke is a moron?

    Don't worry. The central bank has infinite capacity to print money.

    The victim is the US Dollar.

    But I guess a fall in the US Dollar is also good for their economy. Now I read in the papers that more people are buying American goods and going to USA for holiday.

  13. #43
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    Huh? Bernanke is a moron?

    Don't worry. The central bank has infinite capacity to print money.

    The victim is the US Dollar.

    But I guess a fall in the US Dollar is also good for their economy. Now I read in the papers that more people are buying American goods and going to USA for holiday.


    thing is not as simple as what you see in surface.
    market will come back again, don't believe, wait.
    Believe, take action.

  14. #44
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Unfortunately, sour grapes are still in denial and they keep whining everyday despite the fact that Singapore is going to be a mother of all hubs. Sour grapes cannot accept the fact that they are squeezed out of the condo market.
    Maybe can lah, the old old condos in Sembawang maybe can afford. Too bad, new one in Yishun are going for $800+psf soon. Now, still can sour grapes (still can eat though sour), very soon become rotten grapes.

  15. #45
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Unfortunately, sour grapes are still in denial and they keep whining everyday despite the fact that Singapore is going to be a mother of all hubs. Sour grapes cannot accept the fact that they are squeezed out of the condo market.
    yes,totally agree with your view.Sometime i really feel sad for all those sour grapes because one day they may be squeezed out of the HDB market as well.Especially some new HDB flats already sold at $600psf.

  16. #46
    Unregistered Guest

    Talking Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    lol moron thinks economy back on track by printing currency and bailing out.
    But don't you know lot of moron is making million of dollar in this property boom.Farrer court alone already creat 618 nos of millionaire.

  17. #47
    Unregistered Guest

    Talking Re: Residential rents seen rising further

    [QUOTE=Unregistered]
    Quote Originally Posted by Unregistered


    cheung kong ****ed up their costa del sol and thomson 800. they almost ****ed up their cairnhill crest also. u shouldn't take hint from cheung kong, because they have so much money, a wrong bet here and there doesn't matter to them.
    For your infor cheung kong did not any how fucXXX.They had made money in all the projects.Huat Lah$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

  18. #48
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    yes,totally agree with your view.Sometime i really feel sad for all those sour grapes because one day they may be squeezed out of the HDB market as well.Especially some new HDB flats already sold at $600psf.
    The spate of land sales and tender price does tell you that replacement costs for condo are going to get higher due to higher land cost & construction cost. Think the days of buying mass condo at $600 psf maybe a thing of the past. Sour grapes sob sob sob......

  19. #49
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    But don't you know lot of moron is making million of dollar in this property boom.Farrer court alone already creat 618 nos of millionaire.
    Oh you not in the 618? Envying us?

  20. #50
    Unregistered Guest

    Default Re: Residential rents seen rising further

    once 2008 masterplan is out, we will have a glimpse of the future landscape of Singapore. 40-50 storeys HDB flats and condos, smaller units (500-900 sq. ft.), perhaps 60 year lease to bring down land cost/unit cost.

  21. #51
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    once 2008 masterplan is out, we will have a glimpse of the future landscape of Singapore. 40-50 storeys HDB flats and condos, smaller units (500-900 sq. ft.), perhaps 60 year lease to bring down land cost/unit cost.
    dream on...no harm in dreaming. thats your privilege. no one can stop u from building 100 storey castles in the year.
    why dont u prepare the master plan too. u can have it your way. no complaints then. hahahahahahaha

  22. #52
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    The spate of land sales and tender price does tell you that replacement costs for condo are going to get higher due to higher land cost & construction cost. Think the days of buying mass condo at $600 psf maybe a thing of the past. Sour grapes sob sob sob......
    Oh yes even HDB would be 1000 psf. But who cares. People who earn can afford.

  23. #53
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Oh yes even HDB would be 1000 psf. But who cares. People who earn can afford.
    Sadly, the boom in property market in Sinagpore and HK are inflation-driven.
    Unless you have better idea how to make your money grow 15% per year, putting money in property is still far better option than putting it in bank.

  24. #54
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Economy Sputters With 0.6 Percent Growth
    Thursday March 27, 9:18 am ET
    By Jeannine Aversa, AP Economics Writer

    Economy Nearly Sputtered Out at End of 2007, Probably Faring Worse Now


    WASHINGTON (AP) -- The economy nearly sputtered out at the end of the year and is probably faring even worse now amid continuing housing, credit and financial crises.
    The Commerce Department reported Thursday that gross domestic product increased at a feeble 0.6 percent annual rate in the October-to-December quarter. The reading -- unchanged from a previous estimate a month ago -- provided stark evidence of just how much the economy has weakened. In the prior quarter, the economy clocked in at a sizzling 4.9 percent growth rate.

    The gross domestic product (GDP) measures the value of all goods and services produced in the United States and is the best barometer of the country's economic health.

    Many economists say they believe growth in the current January-to-March quarter will be even weaker than the 0.6 percent figure of the previous quarter. A growing number also say the economy may actually be shrinking now. Under one rough rule, the economy needs to contract for six straight months to be considered in a recession. The government will release its estimate for first-quarter GDP in late April.

    In another report, fewer people signed up for unemployment benefits last week, although that didn't change the broader picture of a deteriorating jobs market. The Labor Department said jobless claims fell by 9,000 to 366,000, a better showing than many economists were forecasting. Still, unemployment is expected to rise this year given all the problems clobbering the economy.

    The newly released fourth-quarter GDP figure matched analysts' expectations.

    Thursday's report underscored the damage to the economy from the collapse in the housing market, which has dragged down housing prices, pushed home foreclosures up to record highs and has led to a glut of unsold homes.

    Against that backdrop, builders slashed spending on housing projects by a whopping 25.2 percent on an annualized basis in the fourth quarter, the biggest cut in 26 years.

    To limit the damage from the crises, the Federal Reserve has taken a number of extraordinary actions. It has slashed a key interest rate over the last two months by the most in a quarter century. And to relieve turmoil on Wall Street, which intensified after the crash of the country's fifth-largest investment firm, Bear Stearns, the Fed has resorted to its greatest expansion of lending authority since the 1930s. Big securities firms will temporarily be allowed to go to the Fed directly for loans -- a privilege that had been afforded only to commercial banks.

    Consumers, whose spending is indispensable to the economy's vitality, boosted buying at a 2.3 percent pace in the fourth quarter. That was better than the 1.9 percent growth rate previously estimated but still marked a slowing from the third quarter's 2.8 percent pace.

    Businesses -- nervous about customers' waning appetite to buy given all the problems in the economy -- cut back sharply on their inventories of unsold goods. That shaved 1.79 percentage points off fourth-quarter GDP, the most in more than two years.

    Spending by businesses on equipment and software, meanwhile, rose at a pace of 3.1 percent in the final quarter of last year. That was slightly less than previously estimated and marked a slowdown from the prior quarter's 6.2 percent growth rate.

    Businesses profits also took a hit in the final quarter. A measure linked to the GDP report showed that after-tax profits fell 3.3 percent at the end of last year, after being flat in the prior quarter.

    There was a bright spot in the mostly gloomy report, however. Sales of U.S. goods and services to other countries grew at a 6.5 percent pace. That was better than the 4.8 percent growth rate previously estimated, although it was down sharply from the prior quarter's blistering 19.1 percent growth rate.

    U.S. exports have been helped by the sinking value of the U.S. dollar, which makes U.S. goods less expensive to foreign buyers. The U.S. dollar recently plunged to record lows against the euro and has fallen sharply against the Japanese yen.

    The drooping dollar can aggravate inflation pressures.

    An inflation measure linked to the GDP report showed that overall prices increased at a rate of 3.9 percent in the fourth quarter. That was not as high as previously estimated but marked a big pickup from the third quarter's 1.8 percent pace.

    Another gauge showed that "core" prices -- excluding food and energy -- grew at a rate of 2.5 percent at the end of last year. That was down from a previous estimate of a 2.7 percent pace but was up from the prior quarter's 2 percent growth rate.

    The new core inflation figure is above the Fed's comfort zone -- the upper bound of which is a 2 percent inflation rate.

    Although the Fed's No. 1 job is trying to save the economy from a deep and prolonged recession, it is also keeping close tabs on inflation and soaring energy prices.

    Oil prices are topping $105 a barrel. Gasoline prices have marched higher, too. High energy prices can spread inflation if lots of companies boost prices charged to customers for a wide range of goods and services. High energy prices also can be a drag on overall economic growth by crimping consumer spending.

    The combination of slowing economic growth and rising inflation make the Fed's job more difficult. It also has raised fears the country may be headed for a bout of stagflation, a scenario the U.S. hasn't experienced since the 1970s. Fed Chairman Ben Bernanke, however, has said that's not the case.

  25. #55
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    yes,totally agree with your view.Sometime i really feel sad for all those sour grapes because one day they may be squeezed out of the HDB market as well.Especially some new HDB flats already sold at $600psf.

    Yes, you are right -- HDB, new ones, not the resale HDB -- are going at private condo (not EC) prices -- at the Boon Keng Road.

    Yet the buyers are subject to the $8,000 income ceiling. How can these people pay $600k to $700k +?

    The smart ones better run for dear life: maybe HDB and IRAS are setting a trap to catch the tax evaders.....

  26. #56
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Yes, you are right -- HDB, new ones, not the resale HDB -- are going at private condo (not EC) prices -- at the Boon Keng Road.

    Yet the buyers are subject to the $8,000 income ceiling. How can these people pay $600k to $700k +?

    The smart ones better run for dear life: maybe HDB and IRAS are setting a trap to catch the tax evaders.....
    Why should the smart ones run for dear life?
    The smart ones will buy condos.

  27. #57
    Unregistered Guest

    Default Re: More Government Bailouts May Be On Way

    Quote Originally Posted by Unregistered
    Oh you not in the 618? Envying us?
    I'm not in the 618 but I'm in the 66,660. Envying me?

  28. #58
    Unregistered Guest

    Default Re: Residential rents seen rising further

    [QUOTE=Unregistered]
    Quote Originally Posted by Unregistered

    Heard the team deciding on the bidding price is in serious trouble because the bidding price is way too high (75% higher than the second highest bid) which meant their knowledge of the local market and other property players are really limited!!!!
    Dun think so. I think their bidding price is reasonable. The second offer is trying luck so we cannot compare with that offer. If they bid too low, they run the risk of rejected sale from URA, like the Jurong West land. Then it is as good as nothing. When no one is buying land , it is wise to go in when there is no competition. A wise developer will not dream to secure a land at unreasonable offer as our government is not desperate to sell.

  29. #59
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    SINGAPORE : Billion Rise - a company believed to be linked to Hong Kong property giant Cheung Kong Holdings - has put in the top bid of S$110.4 million for a residential site at West Coast Crescent.

    This works out to S$305 per square foot per plot ratio for the 99-year leasehold parcel.

    Analysts expect a break-even price of between S$680 and S$720 per square foot for a new condominium on the site. The units are expected to be marketed at around S$800 per square foot.

    If you guys are not aware, HK Property Giant Cheung Kong Holdings is actually part of LKS's group of companies. These sharp, well informed Hongkoners just don't close one eye and buy. They know West Coast area is another gem waiting to be harvest. Billion Rise will ramp up the prices for WC/PP area, in 2-3 years time, you will see psf going up like no tomorrow. HUAT AH!!!!
    Quote Originally Posted by Unregistered
    Heard the team deciding on the bidding price is in serious trouble because the bidding price is way too high (75% higher than the second highest bid) which meant their knowledge of the local market and other property players are really limited!!!!
    The second highest bid was submitted by Far East at $301.14 psf ppr.

    Li Kashing's Cheung Kong group's winning bid of $305.36 psf ppr is only 1.4% above the second highest bid.

    Not 75%.



    This shows that sour grapes are either:

    1. Clueless about the property market; or
    2. Extremely poor in mathematics; and
    3. Prone to bullshit.

    How could a sour grape have "Heard the team deciding on the bidding price is in serious trouble because the bidding price is way too high"?

    In order to hear that the team is in "serious trouble", the person "hearing" it must be farely well-connected in property circles. How can sour grapes be well-connected in property circles?

    If sour grapes are well-connected in property circles, then they won't be sour grapes in the first place. This is known as the SGP (Sour Grape Paradox).

    In fact, Cheung Kong, even though based in Hong Kong, had demonstrated very sharp market acumen to bid only 1.4% above the next highest bid.

    This is totally contradictory to sour grape's "wise" observations that "their knowledge of the local market and other property players are really limited!!!!"

  30. #60
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Japan Inflation Rate Climbs to Decade High; Unemployment Rises

    By Mayumi Otsuma and Toru Fujioka

    March 28 (Bloomberg) -- Japan's consumer prices rose at the fastest pace in a decade and the unemployment rate increased for the first time in five months, putting pressure on households already strapped by falling wages.

    Core prices, which exclude fruit, fish and vegetables, climbed 1 percent in February from a year earlier, the statistics bureau said today in Tokyo. The jobless rate unexpectedly climbed to 3.9 percent, the first increase since September, and job vacancies slid to a two-year low.

    A worsening job market is the latest evidence of economic deterioration that may force the Bank of Japan to reverse its policy and cut interest rates even as prices surge. Economic and Fiscal Policy Minister Hiroko Ota said faster inflation caused by higher energy and food costs may hurt consumers, whose spending accounts for more than half of the economy.

    ``All of today's numbers show that the Japanese economy is already in a mild recession,'' said Hiroaki Muto, a senior economist at Sumitomo Mitsui Asset Management Co. in Tokyo. ``Naturally the policy board needs to discuss a rate cut.''

    Household spending stalled last month, the statistics bureau said. Economists estimated a 2.4 percent increase. The ratio of jobs to available to each applicant slid to 0.97, the lowest since September 2005.

    The yield on Japan's 10-year bond fell 2 basis points to 1.25 percent at 10:58 a.m. in Tokyo. The yen traded at 99.50 per dollar from 99.44 before the reports were published.

    `Flexible' Policy

    Three central bank policy makers -- acting Governor Masaaki Shirakawa, Deputy Governor Kiyohiko Nishimura and board member Miyako Suda -- have said since last week that the bank is ready to take ``flexible'' policy steps if needed.

    Traders see a 53 percent chance the central bank will lower the key overnight lending rate from 0.5 percent by December, JPMorgan Chase & Co. calculations show.

    Today's figures signal wages, which had the steepest drop in three years in 2007, are unlikely to pick up anytime soon as higher oil and raw-materials costs squeeze companies' profits.

    Pasona Group Inc., a temp agency, this week cut its profit forecast 36 percent for the year ending May 31, citing weaker- than-expected demand for temporary workers as the economy slows.

    ``Companies can't afford to hire employees and raise wages even if they want to,'' said Takehiro Sato, chief Japan economist at Morgan Stanley in Tokyo. ``Profits are under pressure from oil, the surging yen, the U.S. slowdown and more reasons I can't even count.''

    Production Slump

    Reports next week will probably provide more evidence of the economy's deterioration.

    Industrial production fell for a second month, economists expect the government to say on March 31. The Bank of Japan's Tankan survey, the nation's most closely watched gauge of business confidence, on April 1 is likely to show sentiment among large manufacturers fell to the lowest level in four years.

    ``A stalled job market and weakening consumer spending are evidence that Japan's economy is already in a recession,'' said Seiji Shiraishi, chief economist at HSBC Securities Japan Ltd. in Tokyo. ``The Bank of Japan will have to cut interest rates between April and June.''

    BOJ policy maker Suda said yesterday that growth in the year starting April 1 will probably fall short of the bank's 2.1 percent projection made last October. The central bank will release its next forecasts on April 30.

    Core consumer prices started rising in October after declining for eight months. They either hovered near zero or fell since March 1998, when an increase in the country's sales tax pushed gains to 1.8 percent.

    Inflation May Wane

    Some analysts say inflation may wane later this year as oil and commodities costs ease and consumer demand fails to pick up.

    ``With growth slowing and demand weakening in coming months, oil prices will probably fall and companies will continue to struggle to raise prices beyond oil and food,'' said Azusa Kato, an economist at BNP Paribas in Tokyo. ``Core-price inflation may slump to almost zero in the first quarter of 2009.''

    Excluding energy as well as food, Japan's consumer prices fell 0.1 percent in February. By that measure, prices have failed to rise for more than nine years.

    Parliament's decision on whether to extend a higher tax on gasoline may also affect inflation. The tax is set to expire on March 31 after the opposition Democratic Party of Japan refused to discuss a bill to extend it.

    The tax may be renewed in a month or disappear indefinitely. An end to the levy would lower core prices by 0.4 percentage point and warrant a change in the inflation outlook, said Chiwoong Lee, an associate economist at Goldman Sachs Group Inc. in Tokyo.

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