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Thread: Changing home investment scene

  1. #31
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    2 of you, stop arguing.
    Relax and enjoy Dow Jones uptrend please.
    12.00pm, U.S. EDT

    At midday, the U.S. stock market is trading with a slight gain. 6 of the 10 economic sectors are in the green. This is actually pretty decent.

  2. #32
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    12.00pm, U.S. EDT

    At midday, the U.S. stock market is trading with a slight gain. 6 of the 10 economic sectors are in the green. This is actually pretty decent.
    The market has enough bad news. Doesn't bother it anymore

  3. #33
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered

    Interesting analysis from Singapore expat forum. What do you guys say? Any views?



    Quote:
    Originally Posted by Unregistered
    Posted: Sat Mar 29, 2008 8:54 pm Post subject: Singapore Property Going Down The Tubes?

    --------------------------------------------------------------------------------

    I sent my buddy an e-mail asking if it was a good time to buy property in Singapore...

    He's a Hong Kong based Asia property analyst for a small successful private investment bank.
    He sent me this....(don't shoot me, I'm just the messenger.)

    Quote:
    Well...I would wait at least another 6 months to a year.

    We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.

    Rationale was simple and not rocket science.

    #1. There was no demand for housing when the boom started.
    The vacancy rates on existing housing were above New York, London, Hong Kong, Tokyo and other major urban market levels. A Singapore property boom made no sense at all.

    #2. Singapore GDP...nice impressive numbers. But the growth was 99% construction related. There is no economic growth when the construction boom ends and those numbers are subtracted from the total.

    #3. The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market.

    #4. Value for money on Singapore property for foreign investors is not good when compared to other projected growth economies. (several factors are weighed including psf, quality of workmanship, size of economy, projected growth of economy, lifestyle and culture of the market.)

    #4. The targeted future population numbers of Singapore are pie in the sky and completely without substance. Singaporeans are not having kids and the demand for jobs in Singapore will be service led lower paying jobs to supply the planned tourism developments. Non of these new inhabitants will be buying or renting condo's, especially in the high-end. And tourists visit, they don't buy or rent.

    #5. Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities.

    #6. There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market. This leads to investors belief in hype and speculation rather than economic principles.

    #7. Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy.

    We expect distress sales in the property market to start soon. The high-end rental market is non-existent and the higher % of all unit sales were high-end investment property, speculator driven.
    These buyers need "wealthy" renters to subsidize the million dollar mortgages. Most locals cannot afford the rents the market is demanding.
    Surveys of multinational companies and banks have indicated that there is no boat-load of expats with a big housing allowance arriving at the Singapore port anytime soon. The new owner is now stuck with 100% of a very expensive monthly mortgage.

    Here is an example of one major high-end development I'm following to prove the point. These are some very telling numbers.
    600+ units launched
    20+ remaining at $2,000 per square foot via the developer.
    100+ units previously sold are now for sale privately less than 7 months after launch for $1,300 to $1,600 per square foot.
    The reason...no rental income.
    That tells me that property owners are willing to admit that market prices are down 25%+ already. Unfortunately, even at a 25% discount, there are no buyers.

    Existing Singapore residents are keeping the rental market buoyant due to the fact they sold their old places and are waiting for the prices to drop...OR...waiting for their new unit to be completed. These people are relatively small in overall numbers and definitely not going to rent high end luxury units. They are driving HDB, middle priced housing rents up right now. They are also demanding 12 month leases or even less if they can get it proving that they are waiting to move or sitting on the sidelines waiting for prices to drop.

    The Singapore property market is massively oversupplied today and more units are on the way. This is not good. This is should be extremely troublesome to anyone who owns property anywhere in that market. The potential valuation losses in the property market could be enormous, especially at the high-end. Overall prices could sink well below SARS levels and this could happen within 6 months to a year.

    The short lived property boom was very much like a pyramid scheme.
    It was all hype and no substance.
    The first guys in are now smoking big cigars.
    The last guys in are now left holding the ashtray.

    ++++++++++++++++++++++++++++++++++++
    Excellent post and thanks for this , I am cancelling my plans to buy property this year!!!!!!!
    I am cancelling my plans too...wah 40% lower soon!!!

  4. #34
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Messenger

    I sent my buddy an e-mail asking if it was a good time to buy property in Singapore...

    He's a Hong Kong based Asia property analyst for a small successful private investment bank.
    He sent me this....(don't shoot me, I'm just the messenger.)

    Quote:
    Well...I would wait at least another 6 months to a year.

    We told clients and investors to sell all Singapore holdings (property, stocks and everything else) in June 2007. We determined that prices would never, ever be higher and were predicting a 15% drop in pricing by March 2008 and 25% drop by June 2008.

    Rationale was simple and not rocket science.

    #1. There was no demand for housing when the boom started.
    The vacancy rates on existing housing were above New York, London, Hong Kong, Tokyo and other major urban market levels. A Singapore property boom made no sense at all.

    #2. Singapore GDP...nice impressive numbers. But the growth was 99% construction related. There is no economic growth when the construction boom ends and those numbers are subtracted from the total.

    #3. The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market.

    #4. Value for money on Singapore property for foreign investors is not good when compared to other projected growth economies. (several factors are weighed including psf, quality of workmanship, size of economy, projected growth of economy, lifestyle and culture of the market.)

    #4. The targeted future population numbers of Singapore are pie in the sky and completely without substance. Singaporeans are not having kids and the demand for jobs in Singapore will be service led lower paying jobs to supply the planned tourism developments. Non of these new inhabitants will be buying or renting condo's, especially in the high-end. And tourists visit, they don't buy or rent.

    #5. Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities.

    #6. There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market. This leads to investors belief in hype and speculation rather than economic principles.

    #7. Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy.
    I have some questions for Mr. Hong Kong Property Analyst, can you be my "messenger" as well.

    #1. ChannelNewsAsia on 27 February 2008 reported that "Last year, Singapore saw over 63,000 new PRs, an 11-per-cent increase from 2006; and the city-state also welcomed more than 17,000 new citizens, a 30-per-cent jump."

    Every year, we have 63,000 + 17,000 = 80,000 new immigrants, that is not including foreigners who come here on employment pass (but not taking up citizenships or PRs).

    What do you mean "no demand for housing"? May I know where these 80,000 people are going to stay? Inside the canals?

    In case you are not familiar with Singapore, here is the news URL to our government broadcasting station regarding the news I quoted above.

    http://www.channelnewsasia.com/stori...331492/1/.html

    #2. ChannelNewsAsia reported on 10 August 2007 that Singapore's "Financial services expanded by 17 per cent in the second quarter, up from 14 per cent growth in the first quarter, while the construction sector grew by 18 per cent, the strongest growth in almost 10 years. Growth in the manufacturing sector picked up pace to 8.3 per cent."

    No matter how I calculate, I don't know how you arrived at the figure that "growth was 99% construction related."?

    In case you are not familiar with Singapore, here is the news URL to our government broadcasting station regarding the news I quoted above.

    http://www.channelnewsasia.com/stori...293171/1/.html

    #3. You said "The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market."

    Then may I ask you what about this person called Jet Li?

    Your Hong Kong magazine wrote "Actor Jet Li moved to Singapore last year for his daughters’ education, reported Hong Kong’s Next Magazine recently ... he bought a S$7mil (RM16.1mil) unit at nearby Ardmore Park condominium."

    Is Jet Li a "senior executive" from some Multinational Company? Must luxury housing be only for "senior executives"?

    Is Jet Li's purchase of Armore Park luxury condominium illegal? Since he is not a "senior executive"?

    #4. Can you explain why our "projected growth of economy" is no good?

    A MasterCard International survey showed that"Being often touted recently as the next unexplored, potential-filled Asian emerging economy, Vietnam unsurprisingly registered, among the 13 nations surveyed, the highest score of 94.3 points in the MasterIndex of Consumer Confidence (MCC), which ranges from 0 to 100 points, with Taiwan posting the lowest at 29.7 points. Hong Kong came in second position with a score of 85.9 points, closely followed by China and Singapore, which posted 85.5 and 83.6 points, respectively." http://news.cens.com/cens/html/en/ne...ner_22113.html

    Singapore is ranked fourth, after Vietnam (94.3 points), Hong Kong (85.9 points), China (85.5 points) and Singapore (83.6 points).

    Singapore is ranked 4th and just 2.3 points behind Hong Kong as the next unexplored, potential-filled Asian emerging economy, why is that considered "no good"?

    #4 (You've got two points #4 and this is the second one) You said "Non of these new inhabitants will be buying or renting condo's, especially in the high-end."

    Then what about Dr. Sudhir Gupta, "Born in India, moved to Russia to get Ph.D. in agricultural chemistry. Started tire company in Moscow ... Escaped assassination attempt in Moscow 4 years ago; now shuttles between that city and Singapore, where he's a citizen.

    http://www.forbes.com/lists/2006/79/...upta_AHUD.html

    He bought a luxury bungalow at Binjai Park for $12.55 million and 22 apartments, including the 63rd-storey penthouse, in the second tower of The Sail @ Marina Bay condo for a total $31 million.

    Aren't these properties considered "high end", can you define what is meant by "high end"?

    #5. I don't understand your this statement at all "Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities."

    This statement totally confounds me so I need you to explain what you mean?

    #6. Why do you say that Singapore lacks "real, transparent, objective information available"?

    According to Jones Lang LaSelle report on Global Real Estates Transparency, "Highly Transparent countries for the first time in 2006 are Hong Kong, Sweden, France and Singapore, each having jumped to Tier 1 from Tier 2 since the 2004 survey."

    http://www.joneslanglasalle.com/en-G...kets+Trans.htm

    Singapore and Hong Kong both have been promoted from Tier 2 to Tier 1 as "Highly Transparent Countries", together with Sweden and France.

    So can you please explain your statement "There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market."?

    #7. You predicted that "Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy."

    I want to ask, if you are so good at predicting, then last June (just before the sub-prime) did you go short-sell USD100 billion worth of US stock futures contracts through leveraged margin-trading account? Especially short Bear-Stearns shares, then you would be a multi-billionaire by now.

    Then why are you still working as a "Asia property analyst for a small successful private investment bank."?

  5. #35
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    I have some questions for Mr. Hong Kong Property Analyst, can you be my "messenger" as well.

    #1. ChannelNewsAsia on 27 February 2008 reported that "Last year, Singapore saw over 63,000 new PRs, an 11-per-cent increase from 2006; and the city-state also welcomed more than 17,000 new citizens, a 30-per-cent jump."

    Every year, we have 63,000 + 17,000 = 80,000 new immigrants, that is not including foreigners who come here on employment pass (but not taking up citizenships or PRs).

    What do you mean "no demand for housing"? May I know where these 80,000 people are going to stay? Inside the canals?

    In case you are not familiar with Singapore, here is the news URL to our government broadcasting station regarding the news I quoted above.

    http://www.channelnewsasia.com/stori...331492/1/.html

    #2. ChannelNewsAsia reported on 10 August 2007 that Singapore's "Financial services expanded by 17 per cent in the second quarter, up from 14 per cent growth in the first quarter, while the construction sector grew by 18 per cent, the strongest growth in almost 10 years. Growth in the manufacturing sector picked up pace to 8.3 per cent."

    No matter how I calculate, I don't know how you arrived at the figure that "growth was 99% construction related."?

    In case you are not familiar with Singapore, here is the news URL to our government broadcasting station regarding the news I quoted above.

    http://www.channelnewsasia.com/stori...293171/1/.html

    #3. You said "The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market."

    Then may I ask you what about this person called Jet Li?

    Your Hong Kong magazine wrote "Actor Jet Li moved to Singapore last year for his daughters’ education, reported Hong Kong’s Next Magazine recently ... he bought a S$7mil (RM16.1mil) unit at nearby Ardmore Park condominium."

    Is Jet Li a "senior executive" from some Multinational Company? Must luxury housing be only for "senior executives"?

    Is Jet Li's purchase of Armore Park luxury condominium illegal? Since he is not a "senior executive"?

    #4. Can you explain why our "projected growth of economy" is no good?

    A MasterCard International survey showed that"Being often touted recently as the next unexplored, potential-filled Asian emerging economy, Vietnam unsurprisingly registered, among the 13 nations surveyed, the highest score of 94.3 points in the MasterIndex of Consumer Confidence (MCC), which ranges from 0 to 100 points, with Taiwan posting the lowest at 29.7 points. Hong Kong came in second position with a score of 85.9 points, closely followed by China and Singapore, which posted 85.5 and 83.6 points, respectively." http://news.cens.com/cens/html/en/ne...ner_22113.html

    Singapore is ranked fourth, after Vietnam (94.3 points), Hong Kong (85.9 points), China (85.5 points) and Singapore (83.6 points).

    Singapore is ranked 4th and just 2.3 points behind Hong Kong as the next unexplored, potential-filled Asian emerging economy, why is that considered "no good"?

    #4 (You've got two points #4 and this is the second one) You said "Non of these new inhabitants will be buying or renting condo's, especially in the high-end."

    Then what about Dr. Sudhir Gupta, "Born in India, moved to Russia to get Ph.D. in agricultural chemistry. Started tire company in Moscow ... Escaped assassination attempt in Moscow 4 years ago; now shuttles between that city and Singapore, where he's a citizen.

    http://www.forbes.com/lists/2006/79/...upta_AHUD.html

    He bought a luxury bungalow at Binjai Park for $12.55 million and 22 apartments, including the 63rd-storey penthouse, in the second tower of The Sail @ Marina Bay condo for a total $31 million.

    Aren't these properties considered "high end", can you define what is meant by "high end"?

    #5. I don't understand your this statement at all "Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities."

    This statement totally confounds me so I need you to explain what you mean?

    #6. Why do you say that Singapore lacks "real, transparent, objective information available"?

    According to Jones Lang LaSelle report on Global Real Estates Transparency, "Highly Transparent countries for the first time in 2006 are Hong Kong, Sweden, France and Singapore, each having jumped to Tier 1 from Tier 2 since the 2004 survey."

    http://www.joneslanglasalle.com/en-G...kets+Trans.htm

    Singapore and Hong Kong both have been promoted from Tier 2 to Tier 1 as "Highly Transparent Countries", together with Sweden and France.

    So can you please explain your statement "There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market."?

    #7. You predicted that "Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy."

    I want to ask, if you are so good at predicting, then last June (just before the sub-prime) did you go short-sell USD100 billion worth of US stock futures contracts through leveraged margin-trading account? Especially short Bear-Stearns shares, then you would be a multi-billionaire by now.

    Then why are you still working as a "Asia property analyst for a small successful private investment bank."?
    Hello Mr Sour Grape, are you going to bring all these questions and answers back to Mr Hong Kong Property Analyst?

  6. #36
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Hello Mr Sour Grape, are you going to bring all these questions and answers back to Mr Hong Kong Property Analyst?
    No. He can only bring negative and inaccurate postings here. Factual postings will not be filtered by him.

  7. #37
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    No. He can only bring negative and inaccurate postings here. Factual postings will not be filtered by him.
    You mean factual postings will be filtered by him?

  8. #38
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Hello Mr Sour Grape, are you going to bring all these questions and answers back to Mr Hong Kong Property Analyst?
    Mr Bull Shit - your answers/questions are very misleading.

    1. 80,000 immigrants are not high wage earners. They already have a cheap place to stay. Otherwise you would have found them in the canals.

    2. Economic growth - you measured only the best quarter in 2007. So misleading.

    3. Jackie Chan, Chow Yuen Fatt and Simon Yam were here long ago. So what's the big deal about Jet Li?

    4. The phrase "next unexplored, potential-filled Asian emerging economy" only refers to Vietnam. Not to HK and Singapore. Seems like you don't know how to read very well. And isn't the whole survey about Mastercard tapping into consumer spending?

    As for Mr Gupta, he was smart and bought his bungalow and apartments long ago when the prices were low and not at current high prices. And he is probably thinking of unloading now.

    Market dying already. Nothing you say will revive it.

  9. #39
    Unregistered Guest

    Default Re: Changing home investment scene

    Me Sour Grape is quite pissed now.

  10. #40
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Mr Bull Shit - your answers/questions are very misleading.

    1. 80,000 immigrants are not high wage earners. They already have a cheap place to stay. Otherwise you would have found them in the canals.

    2. Economic growth - you measured only the best quarter in 2007. So misleading.

    3. Jackie Chan, Chow Yuen Fatt and Simon Yam were here long ago. So what's the big deal about Jet Li?

    4. The phrase "next unexplored, potential-filled Asian emerging economy" only refers to Vietnam. Not to HK and Singapore. Seems like you don't know how to read very well. And isn't the whole survey about Mastercard tapping into consumer spending?

    As for Mr Gupta, he was smart and bought his bungalow and apartments long ago when the prices were low and not at current high prices. And he is probably thinking of unloading now.

    Market dying already. Nothing you say will revive it.
    80 000 private bankers earning 300k to 800k coming to Singapore, i think is some kind of a joke.

  11. #41
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Me Sour Grape is quite pissed now.
    Can anyone advise pls if 550 psf is a good price to buy in disrict 16 ?

  12. #42
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Can anyone advise pls if 550 psf is a good price to buy in disrict 16 ?
    Post your question in District 16 please.

  13. #43
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Post your question in District 16 please.
    OK . Thanks .

  14. #44
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Me Sour Grape is quite pissed now.
    Morw pissed when URA release the final Q1 price index.

  15. #45
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Morw pissed when URA release the final Q1 price index.
    Even more pissed at the end of the year.

  16. #46
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Even more pissed at the end of the year.
    4.2 x4 = 16.8.

  17. #47
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    4.2 x4 = 16.8.
    So around 15-20%?

  18. #48
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Mr Bull Shit - your answers/questions are very misleading.

    1. 80,000 immigrants are not high wage earners. They already have a cheap place to stay. Otherwise you would have found them in the canals.

    2. Economic growth - you measured only the best quarter in 2007. So misleading.

    3. Jackie Chan, Chow Yuen Fatt and Simon Yam were here long ago. So what's the big deal about Jet Li?

    4. The phrase "next unexplored, potential-filled Asian emerging economy" only refers to Vietnam. Not to HK and Singapore. Seems like you don't know how to read very well. And isn't the whole survey about Mastercard tapping into consumer spending?

    As for Mr Gupta, he was smart and bought his bungalow and apartments long ago when the prices were low and not at current high prices. And he is probably thinking of unloading now.

    Market dying already. Nothing you say will revive it.
    Dear Mr. Hong Kong Property Analyst,

    Thanks for your reply. I have some further questions regarding your points above.

    1. How do you know that the "80,000 immigrants are not high wage earners. They already have a cheap place to stay"?

    What about these immigrants:

    Jim Rogers who took up Permanent Residency here last year? http://www2.nysun.com/article/61856

    Or Satinder Garcha who became a Singapore Citizen?

    http://www.asiaone.com/Business/My%2...928-27501.html

    Can you tell me how "cheap" is their place of stay?

    2. Whether "Worst Quarter" or "Best Quarter", do you agree or dispute MTI's statistic that the whole year still gone up by 7.7%?

    http://app.mti.gov.sg/default.asp?id=1

    3. Jackie Chan, Chow Yuen Fatt, Simon Yam and Jet Li etc. Doesn't this just show that Singapore continues to attract wealthy individuals? and not just "senior executives" as claimed by Mr. Hong Kong Property Analyst?

    4. If Vietnam can score 94.3 points as "next unexplored, potential-filled Asian emerging economy" then isn't the others like Hong Kong (85.9), China (85.5) and Singapore (83.9) also not far behind?

    http://news.cens.com/cens/html/en/ne...ner_22113.html

    5. How do you know Mr. Gupta is thinking of unloading his properties? Are you his close friend?

    He said in an interview "On a serious note, he said he is not thinking of selling them - especially the penthouse."

    http://singaporehome.blogspot.com/

    (Scroll down to the article "S'pore tycoon buys 22 units of exclusive Marina condo")

    6. May I ask whether a person who shoots words and figures through his mouth without supporting facts and articles is a "Mr Bull Shit", or someone who makes an attempt to provide supporting articles/URLs in his posts?

  19. #49
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    I am cancelling my plans too...wah 40% lower soon!!!
    Very informative. I am cancelling my plans now.

  20. #50
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Mr Bull Shit - your answers/questions are very misleading.

    1. 80,000 immigrants are not high wage earners. They already have a cheap place to stay. Otherwise you would have found them in the canals.

    2. Economic growth - you measured only the best quarter in 2007. So misleading.

    3. Jackie Chan, Chow Yuen Fatt and Simon Yam were here long ago. So what's the big deal about Jet Li?

    4. The phrase "next unexplored, potential-filled Asian emerging economy" only refers to Vietnam. Not to HK and Singapore. Seems like you don't know how to read very well. And isn't the whole survey about Mastercard tapping into consumer spending?

    As for Mr Gupta, he was smart and bought his bungalow and apartments long ago when the prices were low and not at current high prices. And he is probably thinking of unloading now.

    Market dying already. Nothing you say will revive it.
    Quote Originally Posted by Unregistered
    Dear Mr. Hong Kong Property Analyst,

    Thanks for your reply. I have some further questions regarding your points above.

    1. How do you know that the "80,000 immigrants are not high wage earners. They already have a cheap place to stay"?

    What about these immigrants:

    Jim Rogers who took up Permanent Residency here last year? http://www2.nysun.com/article/61856

    Or Satinder Garcha who became a Singapore Citizen?

    http://www.asiaone.com/Business/My%2...928-27501.html

    Can you tell me how "cheap" is their place of stay?

    2. Whether "Worst Quarter" or "Best Quarter", do you agree or dispute MTI's statistic that the whole year still gone up by 7.7%?

    http://app.mti.gov.sg/default.asp?id=1

    3. Jackie Chan, Chow Yuen Fatt, Simon Yam and Jet Li etc. Doesn't this just show that Singapore continues to attract wealthy individuals? and not just "senior executives" as claimed by Mr. Hong Kong Property Analyst?

    4. If Vietnam can score 94.3 points as "next unexplored, potential-filled Asian emerging economy" then isn't the others like Hong Kong (85.9), China (85.5) and Singapore (83.9) also not far behind?

    http://news.cens.com/cens/html/en/ne...ner_22113.html

    5. How do you know Mr. Gupta is thinking of unloading his properties? Are you his close friend?

    He said in an interview "On a serious note, he said he is not thinking of selling them - especially the penthouse."

    http://singaporehome.blogspot.com/

    (Scroll down to the article "S'pore tycoon buys 22 units of exclusive Marina condo")

    6. May I ask whether a person who shoots words and figures through his mouth without supporting facts and articles is a "Mr Bull Shit", or someone who makes an attempt to provide supporting articles/URLs in his posts?
    Very factual and informative. I am reinstating our plan to buy now.

  21. #51
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Very factual and informative. I am reinstating our plan to buy now.
    Cheong ah! Huat ah!

  22. #52
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    Cheong ah! Huat ah!
    The whole Asia is up again today.

  23. #53
    Unregistered Guest

    Default Re: Changing home investment scene

    Quote Originally Posted by Unregistered
    The whole Asia is up again today.
    Europe is also up.

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