Originally Posted by Unregistered
... and the Asia part of the World is up again ...
... and the Asia part of the World is up again ...
You mean surged up?
But wasted! STI just needs another 30 points can hit 3,200.
Never mind! Dow is up now.
It's Singapore's turn now.
Wah lau! So many bad news out there. Just grab one and hug it lah.
Tis wan Good news, Read
Futura minority owners withdraw appeal against en bloc sale
By Woon Siew Leng, 938LIVE | Posted: 03 April 2008 1747 hrs
SINGAPORE: Minority owners of the Futura condominium on Leonie Hill Road have withdrawn their appeal against the en bloc sale of the property.
The reasons for the decision have not been disclosed.
Futura was sold to City Developments' subsidiary City Sunshine in October 2006 for S$287 million. This means each unit owner will get between S$3.7 million and S$9.4 million.
However, some minority owners complained that the deal was not done in good faith, with no land survey done.
They also contended that a meeting of owners was not called before the price was accepted.
Now that the appeal has been withdrawn, the sale must be completed within a month. - 938LIVE/ac
Hello! You OK or not?
Where got good news?
Yah! Each unit owner will get between S$3.7 million and S$9.4 million. But I don't get anything out of this deal leh. Where is the good news?
Now these millionaires can go buy a few condos while I go buy a few toto's. Where is the good news?
What? These millionaires will be buying? I better buy before they do.
Stop it! No need to be so kiasu!
You go stop lah.
What do you want to do with the bad news?
They are useless now.
The market simply ignores all these bad news.
How come Manhatten can still go up? Strange!
Manhattan Apartment Prices Rise
Ilaina Jonas
Reuters
New York, New York, U.S.
Wednesday, 2 April 2008, 12:41am U.S. EDT
Manhattan apartment prices soared in the first quarter, but sales fell and inventory rose under the weight of tighter mortgage terms and Wall Street job fears, according to several reports.
The median sales price rose 13.2% to a record $945,276 over the prior-year quarter, while the average sales price increased 33.5% to a record $1,722,991, according to the Prudential Douglas Elliman Manhattan Market Overview quarterly report released on Wednesday.
"The market is leaning much more to the higher end and part of that comes from what's gone on in the mortgage markets," said Greg Heym, senior vice president of research for Terra Holdings, parent company of real estate firms Brown Harris Stevens and Halstead Property.
"In the mid- to lower-price stuff you see fewer sales in these categories because those are the people affected by tighter standards," Heym said.
The Manhattan housing market has been insulated from the U.S. housing crisis that has sent the national median sales price of an existing home down 8.2% to $195,900. New home prices have fallen even further.
However, soaring mortgage defaults nationwide set off a broader credit crisis that could put more than 25,000 New York jobs in the financial sector - which drives the local real estate market -- at risk.
"When a market is on such solid footing as ours was, it cannot fall apart in a span of a couple of months. It's going to take longer than that. You're going to have to see more layoffs actually happening," Heym said. "Until people are forced to sell their apartment for whatever they can get for them, that's the missing ingredient in a downturn."
So far it hasn't.
The average price per square foot leaped 20.5% to a record US$1,289 psf, according to the Prudential report.
Halstead Property said the average price rose 47% over the first quarter 2007 to $1,690,995, driven by sales of apartment priced over $10 million.
"There were 84 sales in between 15 Central Park West and The Plaza and the effect that that has on all these number is tremendous," Heym said.
Some of the apartment sold during the quarter -- including those at 15 Central Park West and The Plaza -- reflect deals that had been agreed to in previous years.
The median sales price rose 13%, Halstead said. Although sales at ultra luxury projects 15 Central Park West and The Plaza skewed the results, prices still set records or near records even after removing those deals. Without the two projects the average price would have been $1,417,496, Halstead said.
Yet the pace of sales slowed and the number of homes on the market rose for the first time since the housing boom started about four years ago, Herman said.
"That's the story -- sales and inventory this quarter," said Jonathan Miller, author of the Prudential report.
The number of sales fell 1%, according to Halstead. It had about 600 more sales in its statistical pool than Prudential, which said the number fell 34.3% this quarter to 2,282 units. It was the largest drop since Miller began compiling the report in 1989.
"These numbers reflect what happen with the mortgage fiasco," and do not reflect the layoffs that have yet to happen, said Dottie Herman, Prudential CEO.
"People have no sense of urgency, and you're in a much more price sensitive time now," she said. "There's a lot of uncertainty."
The number of homes on the market rose 4.6% to 6,194 from last year, Prudential said. Homes for sale remained on the market for 146 days, two weeks longer than a year earlier, according to the Prudential report.
Wiggle room on prices remained about the same as last year, about a 3.2% discount from the asking price, according to the Prudential report.
"It's not a buyers' market yet, but the pendulum has switched to the buyers now," Corcoran Group Chief Executive Officer Pam Liebman said.
The Corcoran Group said the average price jumped 19% to $1.626 million, while the median rose 9% to $917,000. The price per square foot was up 16% to $1,224. Inventory of homes for sale was up 15% at the end of March.
Interesting analysis from Singapore expat forum. What do you guys say? Any views?
Why you multiple-post the same message on all the threads?
How to reply you?
Use you brain please.
U think u go buy bun isit? I dare u buy house. Dun fool around the forum here.
Still waiting for that 1,000 point surge leh.
Dow Heading For 16,000, Richard Band Says Rolling Eyes
Mark Hulbert
Dow Jones
Anandale, Virginia, U.S.
Friday, 28 March 2008, 12:58 AM U.S. EST
Richard Band is not someone who makes outlandish predictions just to get headlines.
So I sat up and took notice earlier this week when he wrote to subscribers of his Profitable Investing newsletter that the stock market was ready to "rocket higher" in an "uptrend that could carry the blue chip indexes to all-time highs by late 2008 or early 2009. Dow 16,000 here we come!"
The Hulbert Financial Digest (HFD) has been tracking Band's newsletter since the beginning of 1991. Over the subsequent 17 years, his recommended portfolio has been 35% less volatile than the overall stock market, as measured by relative volatilities. To use a baseball analogy, this shows that Band is more inclined to try to get a base hit than he is to attempt to belt a home run.
Band's conservative approach is crucial to properly interpreting his newsletter's performance. According to the HFD, the newsletter's model portfolios on average have produced an 8.6% annualized return since the beginning of 1991, in contrast to 10.9% annualized for the Dow Jones Wilshire 5000 index (DWC). But with only two thirds as much risk, we should expect some below-market return.
It turns out that, upon risk-adjusting his newsletter's performance, it equals that of the market itself. That's good enough to place it in the upper echelon of newsletters over this period, and another reason to give weight to his forecast.
Technical factors appear to have led Band to make such a bold prediction, which amounts to a 33% return for the overall market over the next 12 months.
The first has to do with the stock market's internal characteristics when it hit a low earlier this month. Band argues that that low possessed "many striking technical resemblances to the great bear market bottoms of the past."
To be sure, Band wrote that on Tuesday night, and since then the Dow Jones Industrial Average (DJI) has dropped 230 points.
But Band says he is not particularly worried. On Thursday night, he told subscribers not to let "Mr. Market wear you out!"
Band continued: "We're in a critical stage for stocks right now, what technical analysts call the 'right shoulder' of a head-and-shoulders bottom. The left shoulder formed on March 10, when the Standard & Poor's 500 index (SPX) touched its closing low for the year (so far) at 1273.37. The upside-down head came on March 17, when the index broke to a new low intraday but finished at 1276.60, slightly above the March 10 close. Now we're sliding down again to complete the right shoulder of the pattern. If all goes well, the S&P should remain comfortably above the two previous closing lows. Then we can rocket higher in April."
Band adds that when the right shoulder of a head-and-shoulders bottom is forming, "the biggest temptation for investors is to throw up their hands and say, 'This market will never go up. It's doomed.' Don't make that mistake. A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!"
Band is recommending several exchange-traded funds and one open-end mutual fund for subscribers who want to increase their equity exposure: The iShares Russell 1000 Growth Fund (IWF), the iShares MSCI Emerging Markets Index Fund (EEM), and Selected American Shares (SLASX).
Old news, Moron.
If had brain would i Ask you. Didnt know you dont have too.
Wah!
You can't afford doesn't mean others are also can't afford mah.
We have cash to do what we want to do.
Read the news carefully line by line and between the lines too. Sales stagnating. Inventories increasing. Bubble going to burst. That is the message from your posting.
News: old moron is here.
Did I post any message? I thought I asked a question.
Dow Heading For 16,000, Richard Band Says Rolling Eyes
Mark Hulbert
Dow Jones
Anandale, Virginia, U.S.
Friday, 28 March 2008, 12:58 AM U.S. EST
Richard Band is not someone who makes outlandish predictions just to get headlines.
So I sat up and took notice earlier this week when he wrote to subscribers of his Profitable Investing newsletter that the stock market was ready to "rocket higher" in an "uptrend that could carry the blue chip indexes to all-time highs by late 2008 or early 2009. Dow 16,000 here we come!"
The Hulbert Financial Digest (HFD) has been tracking Band's newsletter since the beginning of 1991. Over the subsequent 17 years, his recommended portfolio has been 35% less volatile than the overall stock market, as measured by relative volatilities. To use a baseball analogy, this shows that Band is more inclined to try to get a base hit than he is to attempt to belt a home run.
Band's conservative approach is crucial to properly interpreting his newsletter's performance. According to the HFD, the newsletter's model portfolios on average have produced an 8.6% annualized return since the beginning of 1991, in contrast to 10.9% annualized for the Dow Jones Wilshire 5000 index (DWC). But with only two thirds as much risk, we should expect some below-market return.
It turns out that, upon risk-adjusting his newsletter's performance, it equals that of the market itself. That's good enough to place it in the upper echelon of newsletters over this period, and another reason to give weight to his forecast.
Technical factors appear to have led Band to make such a bold prediction, which amounts to a 33% return for the overall market over the next 12 months.
The first has to do with the stock market's internal characteristics when it hit a low earlier this month. Band argues that that low possessed "many striking technical resemblances to the great bear market bottoms of the past."
To be sure, Band wrote that on Tuesday night, and since then the Dow Jones Industrial Average (DJI) has dropped 230 points.
But Band says he is not particularly worried. On Thursday night, he told subscribers not to let "Mr. Market wear you out!"
Band continued: "We're in a critical stage for stocks right now, what technical analysts call the 'right shoulder' of a head-and-shoulders bottom. The left shoulder formed on March 10, when the Standard & Poor's 500 index (SPX) touched its closing low for the year (so far) at 1273.37. The upside-down head came on March 17, when the index broke to a new low intraday but finished at 1276.60, slightly above the March 10 close. Now we're sliding down again to complete the right shoulder of the pattern. If all goes well, the S&P should remain comfortably above the two previous closing lows. Then we can rocket higher in April."
Band adds that when the right shoulder of a head-and-shoulders bottom is forming, "the biggest temptation for investors is to throw up their hands and say, 'This market will never go up. It's doomed.' Don't make that mistake. A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!"
Band is recommending several exchange-traded funds and one open-end mutual fund for subscribers who want to increase their equity exposure: The iShares Russell 1000 Growth Fund (IWF), the iShares MSCI Emerging Markets Index Fund (EEM), and Selected American Shares (SLASX).Coming soon. Have patience.
...................The sour grapes will shooting down this report?
Why like that?
Old news, Moron
News: Old moron is here.
oh is it? the writing is on the wall. morons screaming away about increasing prices. they are the ones holding the ashtray. facts are there for everyone to see.
Ha ha! Moron believes in an April Fool joke message.
If you need more messages to believe in, we can also write something for you.
What we can't write is URA figures.
...................Of course they will shoot it down. This report states facts with graphs and figures. They don't like that. These run contrary to their message.
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