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Thread: Residential rents seen rising further

  1. #121
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Its really a pity why Singaporeans must judge a person from outside.

    I have witness myself on many occasions where

    1) 1 uncle carrying a crumpled paper back wearing a singlets, shorts and old slippers, queing up at the bank and when his turn comes, he proceed to the counter and OMG!!!! stacks and stacks of $50 notes starts pouring out form the paperback. I estimated there should be at least a few hundred thousands going by the rate the poor teller counted the $$$$.

    2) Another interesting observation at C&C where I kapo and followed by boss who wanted to test drive the latest Merc. A mid 50s man, wearing a simple T-shirt with old jeans and slippers was wondering around the showroom and I overheard him telling the salesman that he wants to pay cash in full for their top range model.

    Moral of the story is, we can never judge the book by the cover. Those wear like going to receive Academy awards are really those with no $$$$.

  2. #122
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    My suggestion to all ppty owners is to continue to hold your units. Don't let go easily. It comes to a point very soon that ppl will start to realize that in order to preserve their assets value is to invest in ppty to hedge the monster inflation that looming into Asia.

    Mark my words, Singapore ppty prices will continue to appreciate and double in a year or two.
    I strongly believe that there are at least two more sharp increase in our ppty prices as we experienced in 2007 before it eventually stabilizes.

    One will definitely happen in this year. And the other one should be taking place in between 2010 and 2011.

  3. #123
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    I strongly believe that there are at least two more sharp increase in our ppty prices as we experienced in 2007 before it eventually stabilizes.

    One will definitely happen in this year. And the other one should be taking place in between 2010 and 2011.
    DREAMLAND, PERSON LIVING IN DENIAL MODE. WAKE UP MAN!!!!!! DUN GET URSELF KILLED IS GOD BLESSING ALREADY SOMEMORE WAN SHARP INCREASE.
    THE MORE SHAPPER THE MORE PAIN.

  4. #124
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Rent rate going up? R U kidding me?? How come so many TOPed units blank blank like ghost house.
    Many people are renting HDB lah. That the causes of rise.
    Wah! Why accused him of lying?
    The news said so - not him. He is the echo of the news.

  5. #125
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Wah! Why accused him of lying?
    The news said so - not him. He is the echo of the news.
    The same news have just received another echo.

  6. #126
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    The same news have just received another echo.
    Yup! This news will keeping echoing for the next few years.

  7. #127
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    DREAMLAND, PERSON LIVING IN DENIAL MODE. WAKE UP MAN!!!!!! DUN GET URSELF KILLED IS GOD BLESSING ALREADY SOMEMORE WAN SHARP INCREASE.
    THE MORE SHAPPER THE MORE PAIN.
    OK lah.
    The sharper the rise, the sharper the pain.
    True but the pain is on the other party - not on yourself.

  8. #128
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    I strongly believe that there are at least two more sharp increase in our ppty prices as we experienced in 2007 before it eventually stabilizes.

    One will definitely happen in this year. And the other one should be taking place in between 2010 and 2011.

    AGREED: the next jump would be in the last quarter with many Malaysian property owners adding in the fray!

  9. #129
    Unregistered Guest

    Default Re: Residential rents seen rising further

    March Jobs Report Likely To Fuel Recession Worries

    CNBC.com With Wires | 03 Apr 2008 | 03:42 PM ET

    Investors will be closely watching Friday's employment report for further signs that the US economy is slipping into a recession.

    Economists expect the report to show the economy shed a total of 60,000 jobs in March after losing 63,000 the month before. The unemployment rate, meanwhile, is expected to rise to 5.0 percent from 4.8 percent.

    Worries about the jobs report grew after government data on Thursday showed that the number of U.S. workers applying for unemployment benefits soared by 38,000 last week, posting the highest reading since September 2005.

    Analysts fear a housing slump and credit crunch may have tipped the U.S. economy into recession and are scrutinizing the labor market for evidence of slackening jobs that could chill consumer spending.

    Federal Reserve Chairman Ben Bernanke warned on Wednesday that unemployment would push up as the U.S. economy slowed in the first half of the year.

    The Fed has slashed interest rates 3 percentage points since mid-September to shield the economy from the housing slump and investors think it will cut again at its next scheduled policy meeting, at the end of this month.

    But Bernanke hinted on Thursday that further rate cuts may not be needed.

    "Further actions will have to depend on how the economy evolves," Bernanke told a U.S. Senate Banking Committee hearing on the rescue of troubled investment bank Bear Stearns. "We are looking of course at both sides of our mandate, growth and inflation."

    Interest rate futures contracts currently imply investors fully expect the Fed will cut by a quarter percentage point, to 2.0 percent, at its next scheduled policy meeting, on April 29-30.

    But they give only a 20 percent chance the Fed would cut by a steeper 50 basis points, which is less than earlier this week.

    Bernanke also stressed Thursday that the Fed was uncomfortable with the current high levels of inflation, while arguing that these pressures should abate in the months ahead.

    "The primary reason for the high inflation is rapid increases in the price of globally traded commodities, including crude oil and food," he said.

    Economists polled by Reuters had expected initial jobless claims to increase to 370,000 in the week ending March 29, compared with 369,000 the prior week, initially estimated at 366,000 claims.

    The four-week moving average of new claims, a more reliable guide to underlying labor market trends because it smooths out weekly data swings, also increased sharply. It rose to 374,500, which was the highest reading since October 2005.

    In further evidence of soft labor conditions. The number of workers remaining on jobless benefits climbed 97,000 to 2.94 million in the week ending March 22, the most recent week these figures were available. This compared with forecasts for 2.87 million so-called continued claims.

    It was the highest reading for continued claims since July 2004.

    "The trend is for rising unemployment. There's no doubt about it," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. "I've been bearish for a long time and I don't think we have found a bottom."


    Meanwhile, a separate report showed the US service sector, which makes up 80 percent of U.S. economic activity, contracted less than expected in March, but overall activity for the month still shrank.

    A Labor Department official said there were no special factors to explain the increase in initial claims to 407,000 in the week ended March 29, but he said seasonal adjustments to the data owing to the early timing of the Easter public holiday this year may have influenced the reading.

    "Part of what is going on is seasonal adjustments and part of it is higher claims," said the Labor

  10. #130
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Its really a pity why Singaporeans must judge a person from outside.

    I have witness myself on many occasions where

    1) 1 uncle carrying a crumpled paper back wearing a singlets, shorts and old slippers, queing up at the bank and when his turn comes, he proceed to the counter and OMG!!!! stacks and stacks of $50 notes starts pouring out form the paperback. I estimated there should be at least a few hundred thousands going by the rate the poor teller counted the $$$$.

    2) Another interesting observation at C&C where I kapo and followed by boss who wanted to test drive the latest Merc. A mid 50s man, wearing a simple T-shirt with old jeans and slippers was wondering around the showroom and I overheard him telling the salesman that he wants to pay cash in full for their top range model.

    Moral of the story is, we can never judge the book by the cover. Those wear like going to receive Academy awards are really those with no $$$$.
    Yes, "empty vessel makes the most noise". Remember the move featuring the movie queen Lee Li Hwa "Love for Sale"? She was looking for a millionaire husband and Yuen Chun was a hairstylist looking for a a rich woman to marry.

    So he courted her in a borrowed limo....

  11. #131
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    March Jobs Report Likely To Fuel Recession Worries

    CNBC.com With Wires | 03 Apr 2008 | 03:42 PM ET

    Investors will be closely watching Friday's employment report for further signs that the US economy is slipping into a recession.

    Economists expect the report to show the economy shed a total of 60,000 jobs in March after losing 63,000 the month before. The unemployment rate, meanwhile, is expected to rise to 5.0 percent from 4.8 percent.

    Worries about the jobs report grew after government data on Thursday showed that the number of U.S. workers applying for unemployment benefits soared by 38,000 last week, posting the highest reading since September 2005.

    Analysts fear a housing slump and credit crunch may have tipped the U.S. economy into recession and are scrutinizing the labor market for evidence of slackening jobs that could chill consumer spending.

    Federal Reserve Chairman Ben Bernanke warned on Wednesday that unemployment would push up as the U.S. economy slowed in the first half of the year.

    The Fed has slashed interest rates 3 percentage points since mid-September to shield the economy from the housing slump and investors think it will cut again at its next scheduled policy meeting, at the end of this month.

    But Bernanke hinted on Thursday that further rate cuts may not be needed.

    "Further actions will have to depend on how the economy evolves," Bernanke told a U.S. Senate Banking Committee hearing on the rescue of troubled investment bank Bear Stearns. "We are looking of course at both sides of our mandate, growth and inflation."

    Interest rate futures contracts currently imply investors fully expect the Fed will cut by a quarter percentage point, to 2.0 percent, at its next scheduled policy meeting, on April 29-30.

    But they give only a 20 percent chance the Fed would cut by a steeper 50 basis points, which is less than earlier this week.

    Bernanke also stressed Thursday that the Fed was uncomfortable with the current high levels of inflation, while arguing that these pressures should abate in the months ahead.

    "The primary reason for the high inflation is rapid increases in the price of globally traded commodities, including crude oil and food," he said.

    Economists polled by Reuters had expected initial jobless claims to increase to 370,000 in the week ending March 29, compared with 369,000 the prior week, initially estimated at 366,000 claims.

    The four-week moving average of new claims, a more reliable guide to underlying labor market trends because it smooths out weekly data swings, also increased sharply. It rose to 374,500, which was the highest reading since October 2005.

    In further evidence of soft labor conditions. The number of workers remaining on jobless benefits climbed 97,000 to 2.94 million in the week ending March 22, the most recent week these figures were available. This compared with forecasts for 2.87 million so-called continued claims.

    It was the highest reading for continued claims since July 2004.

    "The trend is for rising unemployment. There's no doubt about it," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. "I've been bearish for a long time and I don't think we have found a bottom."


    Meanwhile, a separate report showed the US service sector, which makes up 80 percent of U.S. economic activity, contracted less than expected in March, but overall activity for the month still shrank.

    A Labor Department official said there were no special factors to explain the increase in initial claims to 407,000 in the week ended March 29, but he said seasonal adjustments to the data owing to the early timing of the Easter public holiday this year may have influenced the reading.

    "Part of what is going on is seasonal adjustments and part of it is higher claims," said the Labor
    Oh this is going to be bad. Already started here with Motorola. More will follow especially the financial companies. Rentals will drop drop. Already house owners are reducing. If you want to check go out in the market and dont rely on your agents. Atleast 20% drop since October.

  12. #132
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    AGREED: the next jump would be in the last quarter with many Malaysian property owners adding in the fray!
    Yes the next jump will be when you jump into the sea when you see official reports of the tumbling prices.

  13. #133
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Oh this is going to be bad. Already started here with Motorola. More will follow especially the financial companies. Rentals will drop drop. Already house owners are reducing. If you want to check go out in the market and dont rely on your agents. Atleast 20% drop since October.
    Motorola business lost to Nokia and other competitors.
    Motorola lost. Nokia and other competitors won.

    Rental drop due to Motorola.
    Rental surge due to Nokia and other competitors.

    No difference what. What are you talking about?

  14. #134
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Yes the next jump will be when you jump into the sea when you see official reports of the tumbling prices.
    Yes, you are right.

    Prices dropped by -4.2%.

    Err .... dropped by -4.2% means increased by 4.2% leh.

  15. #135
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    OK lah.
    The sharper the rise, the sharper the pain.
    True but the pain is on the other party - not on yourself.
    Oh sharper the rise sharper the pain....IS IT? Better get yourself checked by the doctor. Seems you have a problem. Did you try any pills?
    True pain on the other party is emotional due to your problem.

  16. #136
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Oh this is going to be bad. Already started here with Motorola. More will follow especially the financial companies. Rentals will drop drop. Already house owners are reducing. If you want to check go out in the market and dont rely on your agents. Atleast 20% drop since October.
    Quote Originally Posted by Unregistered
    Motorola business lost to Nokia and other competitors.
    Motorola lost. Nokia and other competitors won.

    Rental drop due to Motorola.
    Rental surge due to Nokia and other competitors.

    No difference what. What are you talking about?
    Agree with you.

    Don't know why this guy bring this Motorola retrenchment into the picture. This has nothing to do with the state of the economy.

    The retrenchment is due to Motorola losing out to its rivals. Motorola's loss is its rivals' gains. Anyway, Nokia, Ericsson, etc. are also headquartered in Singapore.

  17. #137
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    OK lah.
    The sharper the rise, the sharper the pain.
    True but the pain is on the other party - not on yourself.
    YES BROTHER WE UNDERSTAND YOUR PROBLEM. IT HAPPENS IN OLD AGE. TRY NOT TO PLAY TOO MUCH OR IF YOU HAVE TO, DONT FORGET THE MAGIC PILL.

  18. #138
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    YES BROTHER WE UNDERSTAND YOUR PROBLEM. IT HAPPENS IN OLD AGE. TRY NOT TO PLAY TOO MUCH OR IF YOU HAVE TO, DONT FORGET THE MAGIC PILL.
    lol why discuss his personal problem here. what has it got to do with rentals?

  19. #139
    CSR Police Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    YES BROTHER WE UNDERSTAND YOUR PROBLEM. IT HAPPENS IN OLD AGE. TRY NOT TO PLAY TOO MUCH OR IF YOU HAVE TO, DONT FORGET THE MAGIC PILL.

  20. #140
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by mr funny
    Published April 1, 2008

    Makeway View en bloc deal falls through

    Development charge higher than expected, says buyer

    By KALPANA RASHIWALA


    (SINGAPORE) The $162.8 million collective sale of Makeway View in the Newton area to an associate of Bravo Building Construction has been rescinded.

    BT understands that the one per cent of purchase price paid by Bravo so far has been forfeited.

    A Bravo spokeswoman told BT yesterday that it had earlier sought payment extensions to ascertain the quantum of development charge (DC) payable.

    Confirming the move to rescind the sale, she added: 'We decided not to proceed with the Makeway deal as the actual DC turned out to be higher than what we had been told. So the breakeven price would end up being much higher than what we expected. That's why my partner (in the proposed acquisition) decided not to proceed further.'

    She confirmed that the initial information about the DC did not come from Knight Frank, which was the marketing agent representing the owners of Makeway View.

    The $162.8 million deal for Makeway View announced in early November last year, reflected a unit land price of about $1,583 psf ppr including an estimated $21.5 million DC at the time.

    Bravo group was one of the biggest buyers of collective sale sites last year, with deals like Tulip Garden for $516 million. Bravo formed separate associate companies for the acquisitions of the various collective sales sites, as the plan was to have different partners for each project.

    A Bravo associate has so far paid the initial 5 per cent deposit on Tulip Garden, amounting to about $25 million.

    Tulip Garden's collective sale was approved by STB in late February and the Bravo associate was supposed to have made the second 5 per cent payment shortly after that. However, it requested for an extension on this till early April.

    Bravo's spokeswoman said her company is seeking a further extension to early June to pay this sum and to also extend the completion deadline for the deal from late May currently to early August.

    'We need time to sort out an agreement with our partner and at the same time, sort out the financing arrangement.'

    Tulip Garden's owners are expected to meet this weekend to decide whether to give the payment extensions. Tulip Garden's price works out to $1,018 psf per plot ratio price (no DC is payable).
    Miscalculation on enbloc deals. More supply in market. Sure drop drop rentals.

  21. #141
    Unregistered Guest

    Default Re: Residential rents seen rising further

    IF ONLY I KNEW
    WHAT AWAITED MAKEWAY AND TULIP
    AND THE MANY WHO THOUGHT THEY COULD FLIP
    BRAVO BRAVO EVERYONE SCREAMED
    WHEN THE DEAL WAS SIGNED THEY BEAMED
    ALAS SOME COUNTED CHICKS BEFORE THEY WERE HATCHED
    AND SO NOW FIND THEMSELVES THOROUGHLY THRASHED

    IF ONLY I KNEW
    THAT ENBLOC WOULD FIZZLE OUT
    AND SUPPLY IN MARKET WOULD SPROUT
    I WISH I HAD SOLD IN OCTOBER
    RATHER THAN NOW GO IN DEEP SLUMBER
    WAKE ME UP FRIENDS WHEN BULLS KILL THE PROWLING BEAR
    MAY BE 5 YEARS OR 6....BUT NOW THAT I HAVE LOST I REALLY DONT CARE.

  22. #142
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    IF ONLY I KNEW
    WHAT AWAITED MAKEWAY AND TULIP
    AND THE MANY WHO THOUGHT THEY COULD FLIP
    BRAVO BRAVO EVERYONE SCREAMED
    WHEN THE DEAL WAS SIGNED THEY BEAMED
    ALAS SOME COUNTED CHICKS BEFORE THEY WERE HATCHED
    AND SO NOW FIND THEMSELVES THOROUGHLY THRASHED

    IF ONLY I KNEW
    THAT ENBLOC WOULD FIZZLE OUT
    AND SUPPLY IN MARKET WOULD SPROUT
    I WISH I HAD SOLD IN OCTOBER
    RATHER THAN NOW GO IN DEEP SLUMBER
    WAKE ME UP FRIENDS WHEN BULLS KILL THE PROWLING BEAR
    MAY BE 5 YEARS OR 6....BUT NOW THAT I HAVE LOST I REALLY DONT CARE.
    If ONLY I know,

    HALF THE SINGAPORE IS MINE.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  23. #143
    JHJ Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    If ONLY I know,

    HALF THE SINGAPORE IS MINE.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    No problem lah.
    Just turn back the .....

    V1
    Another day is ended
    And I still can't sleep
    Remembering my yesterdays
    I begin to weep
    If I could have it over
    Live my life again
    I wouldn't change a single day

    C
    I wish that I could turn back the clock
    Bring the wheels of time to stop
    Back to the days when life was so much better

    V2
    Lying here in silence
    Picture in my hand
    Of a boy I still resemble
    But I no longer understand
    And as the tears run freely
    How I realise they were the best years of my life

    Repeat C

    B
    You might say its just
    A case of giving up
    No!
    But without these memories where is the love?
    Where is the love?

    Solo

    V3
    If I could have it over
    Live my life again
    I wouldn't change a single day

    Repeat C

    Why can't I turn back the clock?
    Bring the wheels of time to a stop
    Back to the days
    Oh no no!
    I remember when
    Life was so good
    I'd go back if I could
    Oh oh I wouldn't change a single day
    Don't let the memories slip away
    I wouldn't change a single day
    Don't let the memories slip away

  24. #144
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Agree. You can't reverse the 4.2% price increase.

  25. #145
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Agree. You can't reverse the 4.2% price increase.
    But a lot are dreaming of reversing it.

  26. #146
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    But a lot are dreaming of reversing it.
    Why? Cannot dream ah?

  27. #147
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    Agree. You can't reverse the 4.2% price increase.
    4.2% with 6.2% inflation is net -ve 2%. So already negative what.

  28. #148
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    4.2% with 6.2% inflation is net -ve 2%. So already negative what.
    Banks give you 1% interest.
    So it is still better than 1% with 6.2% inflation. That would be -ve 5.2%.

  29. #149
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by Unregistered
    4.2% with 6.2% inflation is net -ve 2%. So already negative what.
    Quote Originally Posted by Unregistered
    Banks give you 1% interest.
    So it is still better than 1% with 6.2% inflation. That would be -ve 5.2%.
    Property is a good mean to hedge against inflation.

  30. #150
    Unregistered Guest

    Default Re: Residential rents seen rising further

    Quote Originally Posted by JHJ
    No problem lah.
    Just turn back the .....

    V1
    Another day is ended
    And I still can't sleep
    ................
    ................
    ................
    I wouldn't change a single day
    Don't let the memories slip away
    No Johnny Hates Jazz here please!

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