Page 6 of 9 FirstFirst ... 23456789 LastLast
Results 151 to 180 of 244

Thread: Still bullish on Singapore property

  1. #151
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Can you guys ps stop the nonsense and get on with some constructive contributions.......

    There will always be two sides to the coin and that is an accepted fact, whether you are an optimist or sourgrape, its good to hear both sides and one has to eventually make a decision.....

    I feel the property market is taking a minor correction which is healthy for the longer term interest, prices have to stabilise before a new peak can be achieved, this is the process......

    I am still vested and am quite confident sentiments will improve sooner than later and as long as prices and returns are sustainable, the market activity will pick up.........

    My two cents worth....

  2. #152
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Oh the 4.2% deceives some speculators........
    I would like to know what this figure of 4.2% is.
    Is it the PPI as defined here
    http://app.mti.gov.sg/data/article/3...ertyIncome.pdf

    if it is , and before everyone starts jumping, I'm not sure it is......... (are we clear?)

    the formula is NOT based on actual property transactions!
    figure is based on GDP, interest rates and stockmarket index. and apparently uses 12 quarters of data.

    If this is the way the index is calculated, then you can see it is possible for this index to rise, even if actual property transactions fall.

    Read the article , I would love to see the most recent data plotted this way, you can clearly see if we are experiencing a bubble or if prices are justified. Nice, non emotional , data driven.

  3. #153
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    IMF predicts global economic gloom

    Story Highlights

    IMF forecasts a slide into a recession in the U.S. amid global slowdown

    IMF's World Economic Outlook predicts U.S. economic growth to slow to 0.5 percent

    The organization also trimmed its projection for France, Britain, Germany and Japan

    WASHINGTON (AP) -- The world economy will slow sharply this year, according to an International Monetary Fund forecast, with the United States sliding into a recession amid housing, credit and financial slumps.

    The IMF, in a World Economic Outlook released Wednesday, slashed growth projections for the United States -- the epicenter of the woes -- and the global economy as a whole.

    Economic growth in the United States is expected to slow to a crawl of just 0.5 percent this year, which would mark the worst pace in 17 years, when the country last suffered through a recession, the IMF said. The United States won't fare much better next year; the IMF projected the U.S. economy will grow by a feeble 0.6 percent in 2009.

    "The U.S. economy will tip into a mild recession in 2008 as the result of mutually reinforcing cycles in the housing and financial markets," the IMF said.

    Many private economists and members of the U.S. public believe the country has already fallen into its first recession since 2001. For the first time, Federal Reserve Chairman Ben Bernanke acknowledged last week that a recession was possible.

    An increasing number of analysts think the U.S. economy, which grew by 2.2 percent in 2007, started shrinking in the first three months of this year and is still contracting. Under one rough rule, if the economy contracts for six straight months it is considered to be in a recession. A panel of experts at the National Bureau of Economic Research that determines when U.S. recessions begin and end, however, uses a broader definition, taking into account income, employment and other barometers.

    To limit the damage, the Federal Reserve has been slashing interest rates since last September and has taken a number of extraordinary measures to avert a financial meltdown, which would have dire consequences for the U.S. economy.

    "The financial market crisis that erupted in August 2007 has developed into the largest financial shock since the Great Depression," the IMF declared.

    Looking at other countries, the IMF trimmed its projection for Germany, with economic growth slowing to 1.4 percent this year and weakening to 1 percent in 2009. In Britain, growth will slow to 1.6 percent this year and next. France also will see growth decelerate to 1.4 percent this year and 1.2 percent next year.

    Japan's economy will expand by 1.4 percent this year and 1.5 percent next year, which would mark a loss of momentum from last year. Canada's growth would slow to 1.3 percent this year and pick up slightly to 1.9 percent next year.

    Global powerhouse China, which barreled ahead at an 11.4 percent pace last year, would see growth moderate to 9.3 percent this year and then strengthen a bit to 9.5 percent next year. India, which grew by a blistering 9.2 percent last year, is expected to grow by 7.9 percent this year and 8 percent next year. Russia, which logged growth of 8.1 percent last year, will see growth moderate to 6.8 percent this year and then 6.3 percent next year.

    Problems started in the United States with risky "subprime" mortgages made to people with blemished credit and quickly spread into other areas, hitting more creditworthy borrowers. Foreclosures in the U.S. hit record highs and financial companies racked up multibillion-dollar losses as mortgage-backed investments soured with the collapse of the U.S. housing market.

    The fallout gripped investors on Wall Street and in other countries, creating a panicky atmosphere that threatened to paralyze financial markets in the United States and beyond.

    Against that backdrop, the IMF now expects the world economy, which grew by a hardy 4.9 percent last year, to lose considerable momentum. The fund is projecting the global economy to grow by 3.7 percent this year and 3.8 percent next year.

    "The global expansion is losing speed in the face of a major financial crisis," the IMF said.

    There's a risk that things could turn worse, it cautioned.

    "The IMF now sees a 25 percent chance that global growth will drop to 3 percent or less in 2008 and 2009 -- equivalent to a global recession," the fund said. "The greatest risk comes from the still-unfolding events in financial markets, particularly the potential for deep losses" on complex investments linked to the U.S. subprime mortgage market, the IMF said.

    While the IMF is worried about the dangers of weakening global economic growth, it also expressed concern about the potential for inflation to heat up around the world, given sharp increases in energy and other commodity prices. "Risks related to inflationary pressures have risen," the fund said.

  4. #154
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    you 2 idiots, stop posting the same message multiple times

  5. #155
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    you 2 idiots, stop posting the same message multiple times
    administrator, please do something to these messages

  6. #156
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Pissed Pissed Pissed
    Those stuck are pissed
    Thought market would go up
    and they could flip
    But ended up getting the whip.
    Ohhh pissed pissed pissed
    Speculators are pissed
    Looking back I regret having ridiculed you and not having followed your advice to get out of the market back in October. I am trying to get whatever is left since I trust that you are good at predicting about the market. Back in August you said it was falling and I didn't trust you then. See what bad state I am in today. Please send me contact detail so I can take some advice. Once again thank you so much.

  7. #157
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Looking back I regret having ridiculed you and not having followed your advice to get out of the market back in October. I am trying to get whatever is left since I trust that you are good at predicting about the market. Back in August you said it was falling and I didn't trust you then. See what bad state I am in today. Please send me contact detail so I can take some advice. Once again thank you so much.
    Don't reply your own message. You can't afford anyway.

  8. #158
    AFP Guest

    Default Singapore's GDP Rebounds By 16.9% In Q1


    Singapore's GDP Rebounds By 16.9% In Q1
    MAS moves to curb inflation as growth rebounds

    Agence France-Presse
    Singapore
    Thursday, 10 April 2008

    Singapore's central bank unexpectedly further tightened monetary policy on Thursday, pushing the Singapore dollar to a record high against the U.S. dollar, in a move aimed at keeping a lid on soaring prices.

    Singapore's economy grew at an annualised, seasonally adjusted rate of 16.9% in the first quarter, beating economists' expectations, government data showed on Thursday, after a surprise 4.8% contraction in the fourth quarter of 2007.

    The data beat a median forecast from economists polled by Reuters for growth of 11.5% because of a recovery in pharmaceutical and electronics manufacturing.

    "The GDP figures were stronger than what the market had predicted and that gave the Monetary Authority confidence to tighten the policy," said Joseph Tan, an economist at Fortis.

    "Strength of GDP quarter-on-quarter came from domestic sources. Where we go from here is a step in time approach but the one-up shift of the band, as opposed to the steepening of the Singapore dollar, shows that MAS recognises inflation is an imminent danger."

    The Monetary Authority of Singapore conducts policy through the exchange rate, steering the Singapore dollar within a secret trade-weighted band against a basket of currencies, rather than by adjusting interest rates.

    Growth Support

    "Against backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward, while providing support for sustainable growth in the economy," the central bank said in a twice-yearly monetary policy statement.

    "MAS will therefore re-centre the exchange rate policy band at the prevailing level of the S$NEER. There will be no change to the slope or width of the policy band."

    The Singapore dollar hit a record high, up 0.9% on the news to 1.3683 per U.S. dollar. The currency has gained around 5% this year.

    Ten out of the 12 economists polled by Reuters had expected the MAS to refrain from tightening monetary policy due to concerns about slower economic growth.

    The other two had expected the MAS to tighten policy to fight inflation, which stood at 6.5% in February. In January it hit 6.6%, the highest since March 1982.

    The MAS said it expected inflation in the upper half of its 4.5% to 5.5% forecast range this year.

    Singapore is one of the first Asian countries to report GDP data each quarter. The health of its exports is seen by analysts as a barometer of demand for Asian goods.

    Despite concern about slower global growth, most central banks in Asia have refrained from easing monetary policy due to high inflation.

    Some analysts said a stronger Singapore dollar would further cut demand for the island's exports by making them more expensive at a time when demand in the key U.S. market is weakening.

    They also said a stronger Singapore dollar may not be as effective as before in reining in inflation because domestic factors such as a tight labour market, high wages and elevated property prices were factors as well.

    The MAS tightened policy slightly at its last meeting in October as asset prices spiralled higher.

    Singapore's economic growth is largely fuelled by manufacturing of products such as electronics, pharmaceuticals and oil rigs. However, the economy also relies increasingly on tourism, financial services and construction.

  9. #159
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    YES . Still Bullish as bought property last week .
    You said bullish thousands say bearish. Who wants to follow you????

  10. #160
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    You said bullish thousands say bearish. Who wants to follow you????
    Another ten thousands say bullish. It's OK lah. Anyway, economy is doing well. Just look at the GDP figure in Q1.

  11. #161
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Another ten thousands say bullish. It's OK lah. Anyway, economy is doing well. Just look at the GDP figure in Q1.
    Are you sure it is doing well?

    If it is so, then why they say Q4'07 down, Q1'08 will also down, so got technical recession due to 2 Qs down?

    Can you explain why?

  12. #162
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Are you sure it is doing well?

    If it is so, then why they say Q4'07 down, Q1'08 will also down, so got technical recession due to 2 Qs down?

    Can you explain why?

    They are comparing sequential instead of QTQ.
    we should compare same quarter last year & this yearn due to seasonal adjustment, weather, holiday, number of days.......eg. Q1 to Q1.
    They are comparing Q3 to Q4, then Q4 to Q1....for adsolute price increased yes.
    But for growth has to be QTQ.

  13. #163
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    They are comparing sequential instead of QTQ.
    we should compare same quarter last year & this yearn due to seasonal adjustment, weather, holiday, number of days.......eg. Q1 to Q1.
    They are comparing Q3 to Q4, then Q4 to Q1....for adsolute price increased yes.
    But for growth has to be QTQ.
    So are we having a recession or a high growth?

  14. #164
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    So are we having a recession or a high growth?
    Stupid question.

  15. #165
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Are you sure it is doing well?

    If it is so, then why they say Q4'07 down, Q1'08 will also down, so got technical recession due to 2 Qs down?

    Can you explain why?
    Why stock market red if news so oooooooo good?

  16. #166
    AFP Guest

    Default US At Odds with IMF's 'Unduly Pessimistic' Outlook


    US at odds with IMF's 'unduly pessimistic' outlook
    Agence France-Presse
    Washington, D.C., U.S.
    Wednesday, 10 April 2008, U.S. EDT

    The United States and IMF are at odds over the global economic outlook, with a top US official arguing the organisation's projections are 'unduly pessimistic.' Treasury Under Secretary for International Affairs David McCormick told journalists that President George W. Bush's administration does not share the view expressed in the IMF semiannual World Economic Outlook (WEO).

    'We remain positive about the long-term resilience of the global economy, as well as the long-term resilience of the US economy, and we believe that the IMF's latest WEO projections are unduly pessimistic,' Mr McCormick said.

    The IMF on Tuesday cut growth projections for virtually every major economy, and for the US projected 0.5% growth in 2008, with a 'mild recession' this year, followed by a slow recovery that will drag on growth into 2009.

    The IMF cut growth for Japan, the eurozone and Britain and slashed its global growth forecast to 3.7%.

    Mr McCormick did not offer any more specific growth numbers but said the US believes the IMF projections are 'significantly below consensus.' He also said the administration hopes a faster recovery in 2008 and a 'steeper growth curve' in 2009.

    He declined to say whether the administration sees a recession or not at any point this year.

    'I don't think it matters what you call it right now, or the degree to which the actual definition (of recession) holds true,' he said. 'I think the US is suffering through a significant downturn in its growth.' Mr McCormick acknowledged problems in the US and elsewhere but said the outlook was not as grim as portrayed by the IMF.

    'As you know, the global economy was exceptionally strong the last four years, averaging nearly five per cent growth annually,' he said.

    'It was perhaps inevitable that some slowdown would occur but the financial headwinds and other adjustments underway pose significant challenges to the outlook for 2008,' he said.

    He added that while there are still 'significant downside risks to the outlook,' the US has taken many steps aimed at mitigating these risks.

    These include the pending economic stimulus tax-rebate checks and efforts to coordinate the lending industry's response to a wave of foreclosure threats that could drive the housing market down even further.

    He said Treasury Secretary Henry Paulson would deliver the message to his counterparts at Friday's meeting of G7 finance ministers.

    'Secretary Paulson will tell them that the housing correction, financial market turmoil, and high energy prices are weighing on US economic growth,' Mr McCormick said.

    'Since last August, markets have been re-pricing and reassessing risk and there will be more bumps in the road.'

  17. #167
    AFP Guest

    Default Japan Current Account Surplus Up 2.9%


    Japan current account surplus up 2.9%
    Agence France-Presse
    Tokyo, Japan
    Thursday, 10 April 2008

    Japan's current account surplus grew 2.9% in February from a year earlier, as higher income on overseas investments offset slower exports to the US, the government said on Thursday.

    The nation with the world's second-largest economy had a surplus of 2.47 trillion yen (S$33.6 billion) in February in the current account, the broadest measure of trade in goods and services, the finance ministry said.

    The figure was in line with market expectations.

    The trade balance alone fell 6.6% to 1.03 trillion yen. Exports rose 9.0% to 6.67 trillion yen, while imports increased 12.5% to 5.63 trillion yen.

    Although exports to the United States have been curbed by the US economic turmoil, shipments to Europe and the rest of Asia remain robust, the government said.

    The services account deficit widened to 152.0 billion yen from 84.5 billion yen from a year earlier.

    The surplus in the income account increased to almost 1.68 trillion yen from 1.47 trillion yen, as firms and households enjoyed higher returns on overseas investments.

    The capital and financial account, which measures international fund flows, registered an outflow of 2.62 trillion yen compared to 1.76 trillion yen a year earlier.

    Historically, Japan has run a large surplus in its current account, which measures the flow of goods, services and investment income.

    Although Japan's economy was seen recovering from a slump stretching back more than a decade, sluggish consumer spending and fallout from the US credit market crisis is expected to slow Asia's largest economy this year.

  18. #168
    AFP Guest

    Default Singapore's Q1 GDP Grows 7.2% Year-on-year


    Singapore's Q1 GDP grows 7.2% year-on-year
    Agence France-Presse
    Tokyo, Japan
    Thursday, 10 April 2008



    Singapore's economy grew an annual 7.2% in the first quarter, faster than the 5.4% expansion recorded in the previous three months, the government said Thursday.

    Last quarter's performance was also better than economists' average growth forecast of 6.4% expansion.

    On a quarter-on-quarter seasonally adjusted annualised basis, real gross domestic product for the first quarter of this year expanded by 16.9% after dropping 4.8% in the fourth quarter last year, the trade ministry said.

    Growth in the first quarter was powered by the manufacturing sector which expanded an annual 13.2%, picking up sharply from the 0.2% recorded in the previous quarter, the ministry said.

    "This was largely due to a surge in the output of the biomedical manufacturing cluster, following its contraction in the previous quarter," it said.

    The construction sector also posted double-digit year-on-year growth of 14.6% in the first quarter although the pace was slower than the previous quarter's 24.3%, the ministry said.

    For the services-related sector, growth was estimated at an annual 7.6%, slightly slower than the previous quarter's 7.7%, it said.

    "All in all, a good start to the year, but with demand in OECD countries likely to soften in the coming months, Singapore's growth could moderate going into the second-half," said Song Seng Wun, an economist with CIMB-GK Research.

    He was referring to the Organisation for Economic Cooperation and Development, whose members include major industrialised countries.

    Any slowdown in the world's major economies will affect Singapore because of its dependency on external trade which is more than three times the size of its gross domestic product valued at 243.17 billion Singapore dollars (179 billion US) last year.

    The global economic outlook is increasingly grim, the International Monetary Fund (IMF) said Wednesday.

    It said global expansion is set to slow to 3.7% in 2008 amid an unfolding crisis that began in the United States whose economy, the world's biggest, is likely in a "mild recession".

    Singapore and other "newly industrialised economies" should see 4.0% growth, the IMF said.

    According to government projections, Singapore's economy is targeted to grow between 4.0 and 6.0% for the full year, slower than the 7.7% of 2007.

    The advance GDP estimates for the first quarter are based largely on January and February data. More detailed figures are due to be released next month.

  19. #169
    RTT Guest

    Default Singapore's Q1 GDP Expands At Faster-than-Anticipated Pace


    Singapore's Q1 GDP Expands At Faster-than-Anticipated Pace
    RealTimeTraders
    Thursday, 10 April 2008, 9:10:40am Singapore Time

    Singapore's real Gross Domestic Product grew 7.2% year-on year in the first quarter of 2008, a report published by Singapore's Ministry of Trade and Industry said. The first quarter growth was quicker than the 6.4% growth estimated by economists. The growth was spearheaded by strong growth in manufacturing sector, which in turn benefited from a rebound in the output of the bio-medical cluster.

    Advance estimates showed that GDP grew 7.2% in the first quarter of 2008 compared to the 5.4% growth in the fourth quarter. The real GDP rose a seasonally adjusted 16.9% on a quarterly basis after falling 4.8% in the previous quarter.

    The manufacturing sector grew at a faster pace of 13.2% in the first quarter compared to the 0.2% growth in the previous quarter. The growth in this sector was due to an expansion in the output of the biomedical-manufacturing cluster compared to a contraction in the previous quarter. The transport engineering sectors and precision engineering sectors grew moderately during this period.

    The construction sector grew at slower pace of 14.6% compared to the 20.3% growth in the previous quarter.

    The services producing industries rose 7.6% in the fourth quarter compared to the 7.7% growth in the previous quarter. In the services sector, financial services was the fastest growing sectors in the fourth quarter.

    The report indicated that the preliminary estimates for the first quarter including the performance of various sectors would be released in May 2008.

  20. #170
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    IMF predicts global economic gloom

    Story Highlights

    IMF forecasts a slide into a recession in the U.S. amid global slowdown

    IMF's World Economic Outlook predicts U.S. economic growth to slow to 0.5 percent

    The organization also trimmed its projection for France, Britain, Germany and Japan

    WASHINGTON (AP) -- The world economy will slow sharply this year, according to an International Monetary Fund forecast, with the United States sliding into a recession amid housing, credit and financial slumps.

    The IMF, in a World Economic Outlook released Wednesday, slashed growth projections for the United States -- the epicenter of the woes -- and the global economy as a whole.

    Economic growth in the United States is expected to slow to a crawl of just 0.5 percent this year, which would mark the worst pace in 17 years, when the country last suffered through a recession, the IMF said. The United States won't fare much better next year; the IMF projected the U.S. economy will grow by a feeble 0.6 percent in 2009.

    "The U.S. economy will tip into a mild recession in 2008 as the result of mutually reinforcing cycles in the housing and financial markets," the IMF said.

    Many private economists and members of the U.S. public believe the country has already fallen into its first recession since 2001. For the first time, Federal Reserve Chairman Ben Bernanke acknowledged last week that a recession was possible.

    An increasing number of analysts think the U.S. economy, which grew by 2.2 percent in 2007, started shrinking in the first three months of this year and is still contracting. Under one rough rule, if the economy contracts for six straight months it is considered to be in a recession. A panel of experts at the National Bureau of Economic Research that determines when U.S. recessions begin and end, however, uses a broader definition, taking into account income, employment and other barometers.

    To limit the damage, the Federal Reserve has been slashing interest rates since last September and has taken a number of extraordinary measures to avert a financial meltdown, which would have dire consequences for the U.S. economy.

    "The financial market crisis that erupted in August 2007 has developed into the largest financial shock since the Great Depression," the IMF declared.

    Looking at other countries, the IMF trimmed its projection for Germany, with economic growth slowing to 1.4 percent this year and weakening to 1 percent in 2009. In Britain, growth will slow to 1.6 percent this year and next. France also will see growth decelerate to 1.4 percent this year and 1.2 percent next year.

    Japan's economy will expand by 1.4 percent this year and 1.5 percent next year, which would mark a loss of momentum from last year. Canada's growth would slow to 1.3 percent this year and pick up slightly to 1.9 percent next year.

    Global powerhouse China, which barreled ahead at an 11.4 percent pace last year, would see growth moderate to 9.3 percent this year and then strengthen a bit to 9.5 percent next year. India, which grew by a blistering 9.2 percent last year, is expected to grow by 7.9 percent this year and 8 percent next year. Russia, which logged growth of 8.1 percent last year, will see growth moderate to 6.8 percent this year and then 6.3 percent next year.

    Problems started in the United States with risky "subprime" mortgages made to people with blemished credit and quickly spread into other areas, hitting more creditworthy borrowers. Foreclosures in the U.S. hit record highs and financial companies racked up multibillion-dollar losses as mortgage-backed investments soured with the collapse of the U.S. housing market.

    The fallout gripped investors on Wall Street and in other countries, creating a panicky atmosphere that threatened to paralyze financial markets in the United States and beyond.

    Against that backdrop, the IMF now expects the world economy, which grew by a hardy 4.9 percent last year, to lose considerable momentum. The fund is projecting the global economy to grow by 3.7 percent this year and 3.8 percent next year.

    "The global expansion is losing speed in the face of a major financial crisis," the IMF said.

    There's a risk that things could turn worse, it cautioned.

    "The IMF now sees a 25 percent chance that global growth will drop to 3 percent or less in 2008 and 2009 -- equivalent to a global recession," the fund said. "The greatest risk comes from the still-unfolding events in financial markets, particularly the potential for deep losses" on complex investments linked to the U.S. subprime mortgage market, the IMF said.

    While the IMF is worried about the dangers of weakening global economic growth, it also expressed concern about the potential for inflation to heat up around the world, given sharp increases in energy and other commodity prices. "Risks related to inflationary pressures have risen," the fund said.
    Its time to exit property for sure.

  21. #171
    Unregistered Guest

    Default Re: US At Odds with IMF's 'Unduly Pessimistic' Outlook

    Quote Originally Posted by AFP

    US at odds with IMF's 'unduly pessimistic' outlook
    Agence France-Presse
    Washington, D.C., U.S.
    Wednesday, 10 April 2008, U.S. EDT

    The United States and IMF are at odds over the global economic outlook, with a top US official arguing the organisation's projections are 'unduly pessimistic.' Treasury Under Secretary for International Affairs David McCormick told journalists that President George W. Bush's administration does not share the view expressed in the IMF semiannual World Economic Outlook (WEO).

    'We remain positive about the long-term resilience of the global economy, as well as the long-term resilience of the US economy, and we believe that the IMF's latest WEO projections are unduly pessimistic,' Mr McCormick said.

    The IMF on Tuesday cut growth projections for virtually every major economy, and for the US projected 0.5% growth in 2008, with a 'mild recession' this year, followed by a slow recovery that will drag on growth into 2009.

    The IMF cut growth for Japan, the eurozone and Britain and slashed its global growth forecast to 3.7%.

    Mr McCormick did not offer any more specific growth numbers but said the US believes the IMF projections are 'significantly below consensus.' He also said the administration hopes a faster recovery in 2008 and a 'steeper growth curve' in 2009.

    He declined to say whether the administration sees a recession or not at any point this year.

    'I don't think it matters what you call it right now, or the degree to which the actual definition (of recession) holds true,' he said. 'I think the US is suffering through a significant downturn in its growth.' Mr McCormick acknowledged problems in the US and elsewhere but said the outlook was not as grim as portrayed by the IMF.

    'As you know, the global economy was exceptionally strong the last four years, averaging nearly five per cent growth annually,' he said.

    'It was perhaps inevitable that some slowdown would occur but the financial headwinds and other adjustments underway pose significant challenges to the outlook for 2008,' he said.

    He added that while there are still 'significant downside risks to the outlook,' the US has taken many steps aimed at mitigating these risks.

    These include the pending economic stimulus tax-rebate checks and efforts to coordinate the lending industry's response to a wave of foreclosure threats that could drive the housing market down even further.

    He said Treasury Secretary Henry Paulson would deliver the message to his counterparts at Friday's meeting of G7 finance ministers.

    'Secretary Paulson will tell them that the housing correction, financial market turmoil, and high energy prices are weighing on US economic growth,' Mr McCormick said.

    'Since last August, markets have been re-pricing and reassessing risk and there will be more bumps in the road.'
    It's time to exit property for sure.

  22. #172
    Unregistered Guest

    Default Re: Singapore's GDP Rebounds By 16.9% In Q1

    Quote Originally Posted by AFP

    Singapore's GDP Rebounds By 16.9% In Q1
    MAS moves to curb inflation as growth rebounds

    Agence France-Presse
    Singapore
    Thursday, 10 April 2008

    Singapore's central bank unexpectedly further tightened monetary policy on Thursday, pushing the Singapore dollar to a record high against the U.S. dollar, in a move aimed at keeping a lid on soaring prices.

    Singapore's economy grew at an annualised, seasonally adjusted rate of 16.9% in the first quarter, beating economists' expectations, government data showed on Thursday, after a surprise 4.8% contraction in the fourth quarter of 2007.

    The data beat a median forecast from economists polled by Reuters for growth of 11.5% because of a recovery in pharmaceutical and electronics manufacturing.

    "The GDP figures were stronger than what the market had predicted and that gave the Monetary Authority confidence to tighten the policy," said Joseph Tan, an economist at Fortis.

    "Strength of GDP quarter-on-quarter came from domestic sources. Where we go from here is a step in time approach but the one-up shift of the band, as opposed to the steepening of the Singapore dollar, shows that MAS recognises inflation is an imminent danger."

    The Monetary Authority of Singapore conducts policy through the exchange rate, steering the Singapore dollar within a secret trade-weighted band against a basket of currencies, rather than by adjusting interest rates.

    Growth Support

    "Against backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward, while providing support for sustainable growth in the economy," the central bank said in a twice-yearly monetary policy statement.

    "MAS will therefore re-centre the exchange rate policy band at the prevailing level of the S$NEER. There will be no change to the slope or width of the policy band."

    The Singapore dollar hit a record high, up 0.9% on the news to 1.3683 per U.S. dollar. The currency has gained around 5% this year.

    Ten out of the 12 economists polled by Reuters had expected the MAS to refrain from tightening monetary policy due to concerns about slower economic growth.

    The other two had expected the MAS to tighten policy to fight inflation, which stood at 6.5% in February. In January it hit 6.6%, the highest since March 1982.

    The MAS said it expected inflation in the upper half of its 4.5% to 5.5% forecast range this year.

    Singapore is one of the first Asian countries to report GDP data each quarter. The health of its exports is seen by analysts as a barometer of demand for Asian goods.

    Despite concern about slower global growth, most central banks in Asia have refrained from easing monetary policy due to high inflation.

    Some analysts said a stronger Singapore dollar would further cut demand for the island's exports by making them more expensive at a time when demand in the key U.S. market is weakening.

    They also said a stronger Singapore dollar may not be as effective as before in reining in inflation because domestic factors such as a tight labour market, high wages and elevated property prices were factors as well.

    The MAS tightened policy slightly at its last meeting in October as asset prices spiralled higher.

    Singapore's economic growth is largely fuelled by manufacturing of products such as electronics, pharmaceuticals and oil rigs. However, the economy also relies increasingly on tourism, financial services and construction.
    OMG! 16.9%? Beautiful!

  23. #173
    Unregistered Guest

    Default Re: Singapore's GDP Rebounds By 16.9% In Q1

    Quote Originally Posted by Unregistered
    OMG! 16.9%? Beautiful!
    Poor Moron.

  24. #174
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Credit Crisis to Worsen Before Improving, Soros Says

    By Patricia Kuo and Bei Hu

    April 10 (Bloomberg) -- Billionaire George Soros said the global credit crisis will get worse before it gets better.

    Soros, who said lack of oversight is partly responsible for problems in the financial markets, criticized regulators and the U.S. administration for not ``responding fully enough.'' He was speaking on a teleconference call with reporters today.

    The world's biggest banks have recorded $232 billion in asset writedowns and credit losses since the beginning of 2007, including reserves set aside for bad loans. The Federal Reserve has engaged in the most aggressive rate cuts in the past 40 years in an attempt to forestall losses in the credit and equity markets.

    ``Authorities have not accepted the responsibilities to try to control asset bubbles from going too far,'' Soros said. Recently established markets, including for credit-default swaps, are ``totally unregulated, that's the cause of the troubles.''

    Credit-default swaps, contracts designed to protect investors against default and used to speculate on credit quality, grew 49 percent to cover a notional $43 trillion of debt in the six months ended June 30, according to the Bank for International Settlements.

    The market for derivatives grew at the fastest pace in at least nine years to $516 trillion in the first half of 2007, the BIS said in a report. Money at risk through credit-default swaps increased 145 percent from last year to $721 billion, according to the BIS, which was formed in 1930 to monitor financial markets and regulate banks.

    ``I think it's a pretty accurate estimate of the loan losses,'' Soros said. ``But we have not yet seen the full effect of possible recession.''

    Mistrust in Markets

    Uncertainty about the ability of investors and traders to meet contract obligations is creating ``mistrust'' in the markets that ``will not be fully cleared up until you have a regulated delivery mechanism and oversight over this market,'' he said.

    Morgan Stanley Chief Executive Officer John Mack said on April 8 that the credit crisis will last a couple of quarters longer and that the markets are facing the most difficult conditions he's seen in 40 years.

    Soros said the crisis will last longer than authorities predict.

    ``They claim that there will be a pickup in the second half of the year,'' he said. ``I cannot believe that. I don't see any reason to believe it because it will take much longer for the full effect of the decline in the housing market to be felt.''


    Total losses for banks, hedge funds, pension funds, insurance companies, and sovereign wealth funds may swell to $945 billion, the International Monetary Fund said in a report on April 8.

    ``This is a man-made crisis and it's made by this false belief that markets correct their own excesses,'' Soros said. ``That's the job of the regulators. And the regulators failed to perform their job.''

    Separately, Soros said China was not immune to worldwide market conditions. China's inflation has peaked and may be abating, he said.

  25. #175
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Credit Crisis to Worsen Before Improving, Soros Says

    By Patricia Kuo and Bei Hu

    April 10 (Bloomberg) -- Billionaire George Soros said the global credit crisis will get worse before it gets better.

    Soros, who said lack of oversight is partly responsible for problems in the financial markets, criticized regulators and the U.S. administration for not ``responding fully enough.'' He was speaking on a teleconference call with reporters today.

    The world's biggest banks have recorded $232 billion in asset writedowns and credit losses since the beginning of 2007, including reserves set aside for bad loans. The Federal Reserve has engaged in the most aggressive rate cuts in the past 40 years in an attempt to forestall losses in the credit and equity markets.

    ``Authorities have not accepted the responsibilities to try to control asset bubbles from going too far,'' Soros said. Recently established markets, including for credit-default swaps, are ``totally unregulated, that's the cause of the troubles.''

    Credit-default swaps, contracts designed to protect investors against default and used to speculate on credit quality, grew 49 percent to cover a notional $43 trillion of debt in the six months ended June 30, according to the Bank for International Settlements.

    The market for derivatives grew at the fastest pace in at least nine years to $516 trillion in the first half of 2007, the BIS said in a report. Money at risk through credit-default swaps increased 145 percent from last year to $721 billion, according to the BIS, which was formed in 1930 to monitor financial markets and regulate banks.

    ``I think it's a pretty accurate estimate of the loan losses,'' Soros said. ``But we have not yet seen the full effect of possible recession.''

    Mistrust in Markets

    Uncertainty about the ability of investors and traders to meet contract obligations is creating ``mistrust'' in the markets that ``will not be fully cleared up until you have a regulated delivery mechanism and oversight over this market,'' he said.

    Morgan Stanley Chief Executive Officer John Mack said on April 8 that the credit crisis will last a couple of quarters longer and that the markets are facing the most difficult conditions he's seen in 40 years.

    Soros said the crisis will last longer than authorities predict.

    ``They claim that there will be a pickup in the second half of the year,'' he said. ``I cannot believe that. I don't see any reason to believe it because it will take much longer for the full effect of the decline in the housing market to be felt.''


    Total losses for banks, hedge funds, pension funds, insurance companies, and sovereign wealth funds may swell to $945 billion, the International Monetary Fund said in a report on April 8.

    ``This is a man-made crisis and it's made by this false belief that markets correct their own excesses,'' Soros said. ``That's the job of the regulators. And the regulators failed to perform their job.''

    Separately, Soros said China was not immune to worldwide market conditions. China's inflation has peaked and may be abating, he said.

    ###############################################
    GEORGE SOROS
    And the worst financial market crisis in 60 years
    by Clif Droke
    March 12, 2008

    "Blood in the streets” is the central theme of the financial news lately. Barely a day goes by without a barrage of bad news hitting investors like a runaway freight train. In just the past few weeks in the Financial Times newspaper we see the following headlines:

    These are a mere sampling of the bearish media sentiment out there right now.

    My favorite of these headlines as shown in the above “fear collage” is the one that says, “The worst market crisis in 60 years.” It was written by George Soros of Soros Fund fame. I consider this a key sentiment indicator, for whenever the mainstream financial press trots out the big dogs like Soros, Buffett, et al, to remind us all of the obvious – after the trend has pretty much played out – it’s time to start looking in the other direction.

    This time is no exception as Soros has told us nothing that virtually everyone has already has been told by the media ad nauseum, namely: the credit expansion got out of hand and resulted in a real estate bust, “market-neutral hedge funds turned out to be not market-neutral and had to be unwound,” credit expansion “must now be followed by a period of contraction,” “Investment banks’ commitments to leverage buyouts became liabilities,” “the U.S. Federal Reserve…may no longer be in a position to [avoid a recession],” “If federal funds were lowered beyond a certain point, the dollar would come under renewed pressure and long-term bonds would actually go up in yield,” “a recession in the developed world is now more or less inevitable,” “China, India and some of the oil-producing countries are in a very strong countertrend,” and finally, “The danger is that the resulting political tensions…may disrupt the global economy and plunge the world into recession or worse.” (I like his use of the term “recession or worse.” Kind of remind me of the famous phrase, “We could all be killed…or worse!”)

    Well, Mr. Soros, are there any other media-propagated myths and clichés you’d care to throw our way to enlighten us poor peasants? I couldn’t help but chuckle after reading this editorial: it’s like reading every bearish editorial and article of the past year all rolled up into a single unit. If any of you would like a re-cap of the past year’s fears, I highly recommend reading Mr. Soros’ editorial. (Who knows, you may even become a convert to the Financial Armageddon Now! cause yourself.)

    Of course it would be foolish to suggest that Soros is less than informed on the true state of affairs within the U.S. financial system. One doesn’t become a billionaire by being financially inept. What I am suggesting is that Soros is being less than truthful. A poker player doesn’t reveal his hand for all to see. A financier doesn’t make is billions by telling everyone what he’s betting his money on. Poker players are masters of the art of bluffing and so is Soros. If Soros is telling the world that he’s taking the bearish bet, you can bet your bottom dollar he has a bullish ace in the hole he’s not telling you about. This is how the game is played, my friends.

    Fundamental and technical analysts and financial pundits of all stripes are busy wracking their brains trying to analyze the deluge of negative news. Yet the single most reliable method of news analysis is being grossly ignored by almost everyone. The analysis I’m referring to is what I like to call “Granville analysis.” Granville analysis is based on Joe Granville’s classic observation, “The obvious is obviously wrong.”

    It’s so simple to perform Granville analysis that anyone with a modicum of common sense can do it. Here’s how it works: simply make a list of all the bearish or super pessimistic news headlines concerning the economic and financial market outlook. Instead of taking these headlines at face value, make a cumulative index and add together all the headlines from the mainstream media that agree with each other. Then apply Granville’s Golden Rule to each one. Each time you see a super bearish headline, remind yourself that everyone else already knows and believes this to be true and the value of commonly believed information is exceedingly small. Remember at all times Granville’s Golden Rule, “The obvious is obviously wrong.”

    Another way of phrasing this observation is found in Laszlo Birinyi’s famous “Cyrano Principle,” which states: “If the concerns of the market are as obvious as the nose on your face, the market and monetary policy makers will have an amazing ability to adapt and adjust.”

    Next we have the weekend edition of the Financial Times, dateline Jan. 27. The front page proclaims, “The week that shook the world: How the markets went to hell and back.” This immediately brings to mind the same exact terminology used during the last major correction low on August 16, 2007. I remember reading an article in the Times from that correction bottom in August and a New York floor trader was quoted as saying, “It’s like the market went screaming into hell, then turned back after it didn’t like what it saw.” It would seem then that whenever the use of the highly emotive term “hell” is used in connection with a financial crisis, an internal market low has been reached.

    Here are some more headlines from recent editions of the Times to underscore the emotional nature of this panic bottom: “Five days of turmoil and more volatility to come,” “’It felt like the market had fallen off a cliff’,” and “Potential for more thrills and spills.”

    Several super bearish headline stories have already appeared on the front covers of the major U.S. news magazines. These are the type of stories that appear only once every few years, not just at short-term lows. They mark significant intermediate-to-longer-term lows.

    One of the best measures of contrarian sentiment I’ve seen yet is found in a recent issue of Business Week. It shows page after page of cartoon graphics featuring a bear, implying that we’re in a bear market. On page 24 the feature article begins, “How real was the prosperity?” It shows a picture of an over-inflated Uncle Sam character, representing the U.S. economy and stock market, being attacked by an angry bear with his claws bared.

    On page 28 the headline reads, “What could cage the bear?” The graphic depicts Uncle Sam trying to push the defiant bear into a cage. On page 32 we are greeted by the headline, “Too big to fail” in reference to the banks. The cartoon shows Uncle Sam trying desperately to keep a bank building from being toppled by the angry bear, who has the upper hand in the struggle.

    The headline on page 36 is “Looking for a quick fix” and shows Uncle Sam grappling with the bear. In reference to this question, BW responds “What would Washington’s consumer stimulus package buy? Not much more than a little time.”

    Last week I received the following e-mail:

    “He was just spotted by me on the cover of CBS Marketwatch homepage Fri 523P CST. Will he make to the cover of Time, Newsweek , or Biz Week for Monday?”

    The reference was to this growling grizzly shown below. It couldn’t have come at a better time (from a contrarian’s perspective)!



    So there you have it, mainstream media sentiment in microcosm. The sentiment couldn’t be any more bearish right now. Everyone is talking about recession and more financial turmoil as if it’s inevitable. That by itself is an indication that the stock market has already priced in the worst and an interim bottoming process is well underway.


    © 2008 Clif Droke
    Editorial Archive

    Clif Droke
    P.O. Box 3401
    Topsail Beach, N.C. 28445-9831 USA
    Website l Email

  26. #176
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    ###############################################
    GEORGE SOROS
    And the worst financial market crisis in 60 years
    by Clif Droke
    March 12, 2008

    "Blood in the streets” is the central theme of the financial news lately. Barely a day goes by without a barrage of bad news hitting investors like a runaway freight train. In just the past few weeks in the Financial Times newspaper we see the following headlines:

    ..........
    ..........

    So there you have it, mainstream media sentiment in microcosm. The sentiment couldn’t be any more bearish right now. Everyone is talking about recession and more financial turmoil as if it’s inevitable. That by itself is an indication that the stock market has already priced in the worst and an interim bottoming process is well underway.


    © 2008 Clif Droke
    Editorial Archive

    Clif Droke
    P.O. Box 3401
    Topsail Beach, N.C. 28445-9831 USA
    Website l Email
    Interim bottoming process is well underway. Cool!

  27. #177
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    An interim bottoming process is well underway? Cool!
    Of course! Look! GDP Rebounded by 16.9%!

    Quote Originally Posted by AFP

    Singapore's GDP Rebounds By 16.9% In Q1
    MAS moves to curb inflation as growth rebounds

    Agence France-Presse
    Singapore
    Thursday, 10 April 2008

    Singapore's central bank unexpectedly further tightened monetary policy on Thursday, pushing the Singapore dollar to a record high against the U.S. dollar, in a move aimed at keeping a lid on soaring prices.

    Singapore's economy grew at an annualised, seasonally adjusted rate of 16.9% in the first quarter, beating economists' expectations, government data showed on Thursday, after a surprise 4.8% contraction in the fourth quarter of 2007.

    The data beat a median forecast from economists polled by Reuters for growth of 11.5% because of a recovery in pharmaceutical and electronics manufacturing.

    "The GDP figures were stronger than what the market had predicted and that gave the Monetary Authority confidence to tighten the policy," said Joseph Tan, an economist at Fortis.

    "Strength of GDP quarter-on-quarter came from domestic sources. Where we go from here is a step in time approach but the one-up shift of the band, as opposed to the steepening of the Singapore dollar, shows that MAS recognises inflation is an imminent danger."

    The Monetary Authority of Singapore conducts policy through the exchange rate, steering the Singapore dollar within a secret trade-weighted band against a basket of currencies, rather than by adjusting interest rates.

    Growth Support

    "Against backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward, while providing support for sustainable growth in the economy," the central bank said in a twice-yearly monetary policy statement.

    "MAS will therefore re-centre the exchange rate policy band at the prevailing level of the S$NEER. There will be no change to the slope or width of the policy band."

    The Singapore dollar hit a record high, up 0.9% on the news to 1.3683 per U.S. dollar. The currency has gained around 5% this year.

    Ten out of the 12 economists polled by Reuters had expected the MAS to refrain from tightening monetary policy due to concerns about slower economic growth.

    The other two had expected the MAS to tighten policy to fight inflation, which stood at 6.5% in February. In January it hit 6.6%, the highest since March 1982.

    The MAS said it expected inflation in the upper half of its 4.5% to 5.5% forecast range this year.

    Singapore is one of the first Asian countries to report GDP data each quarter. The health of its exports is seen by analysts as a barometer of demand for Asian goods.

    Despite concern about slower global growth, most central banks in Asia have refrained from easing monetary policy due to high inflation.

    Some analysts said a stronger Singapore dollar would further cut demand for the island's exports by making them more expensive at a time when demand in the key U.S. market is weakening.

    They also said a stronger Singapore dollar may not be as effective as before in reining in inflation because domestic factors such as a tight labour market, high wages and elevated property prices were factors as well.

    The MAS tightened policy slightly at its last meeting in October as asset prices spiralled higher.

    Singapore's economic growth is largely fuelled by manufacturing of products such as electronics, pharmaceuticals and oil rigs. However, the economy also relies increasingly on tourism, financial services and construction.

  28. #178
    The Straits Times Guest

    Default Singapore's Economy Rebounds


    Singapore's Economy Rebounds
    The Straits Times
    Friday, 12 April 2008



    Singapore's economy picked up speed in the first quarter of this year, rebounding from a contraction as pharmaceutical factories produced more.

    A release from the Ministry of Trade and Industry on Thursday said the gross domestic product rose 7.2% on a year-on-year basis in the first quarter, faster than the 5.4% gain in the final quarter of 2007.
    Link: http://www.mti.gov.sg/

    The Advance GDP estimates also revealed that the annualised, seasonally adjusted rate of 16.9% in the first quarter beat economists' expectations. It had declined 4.8% in the previous quarter.

    The median forecast from economists polled by Reuters was for growth of 11.5% after a recovery in pharmaceutical and electronics manufacturing, after an unexpected 4.8% contraction in the economy in the fourth quarter of 2007.

    The manufacturing sector expanded 13.2% in the first quarter, compared with a 0.2% growth in the previous quarter. MTI said a surge in the output of biomedical manufacturing cluster helped boost the sector.

    The rest of the manufacturing clusters also enjoyed better performance except ofr transport engineering and precision engineering clusters whose growth moderated.

    The construction sector expanded by 14.6%, after a 24.3% gain in the preceeding quarter.

    The services producing industries grew steadily at 7.6%. Financial services continued to be the fastest growing among the services sectors.

    The advance estimate, based largely on data from January and February, gives an early indication of the economy's performance in the January to March period.

    The GDP estimates for the first three months in this year will be released in May in the Economic Survey of Singapore.

  29. #179
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Lehman Says It Liquidated Three Investment Funds

    By Ambereen Choudhury

    April 10 (Bloomberg) -- Lehman Brothers Holdings Inc., the fourth-largest U.S. securities firm, said it liquidated three investment funds because of ``market disruptions.''

    The funds' assets, valued at $1 billion on Feb. 29, were taken onto Lehman's balance sheet, the New-York-based firm said in a Securities and Exchange Commission filing. The firm also bought ``certain deteriorated assets,'' with a value of $800 million, from other unidentified funds, Lehman said.

    ``The funds used the cash received from the company to either redeem investors in the funds or make alternative asset investments,'' Lehman said in the filing yesterday.

    More than 45 of the world's biggest banks, including Citigroup Inc. and UBS AG, have recorded a combined $232 billion in asset writedowns and credit losses since the beginning of 2007, including reserves set aside for bad loans. Falling U.S. house prices and rising delinquencies may lead to $565 billion in residential mortgage-market losses, the International Monetary Fund said in its annual Global Financial Stability report on April 8. Total losses, including those tied to commercial real estate, may reach $945 billion, the fund said.

    Lehman was little changed at $40.52 by 11:26 a.m. in Frankfurt trading, after closing at $40.54 in New York yesterday. The stock has dropped 38 percent this year.

    The liquidation of the funds was reported by the Wall Street Journal earlier today.

    Further Writedowns Seen

    Lehman may write down $2 billion in the second quarter and will face ``difficult'' market conditions this year, according to analysts at Deutsche Bank AG.

    ``While liquidity seems okay, we continue to expect more writedowns to equity and tougher revenues this year,'' analysts led by New York-based Mike Mayo wrote in a research note yesterday. Deutsche Bank rates the firm ``buy.''

    Revenue at Lehman will decline to about the level of 2005, when it totaled $14.6 billion, Mayo wrote. The 2007 net revenue was $19.3 billion. Lehman plans to reduce risk by selling 20 percent of its $75 billion in mortgage assets and cut leverage by the same amount, according to Deutsche Bank.

  30. #180
    Unregistered Guest

    Default Re: Still bullish on Singapore property

    Quote Originally Posted by Unregistered
    Interim bottoming process is well underway. Cool!
    Loss getting smaller and smaller. Growth getting bigger and bigger.

Similar Threads

  1. morgan stanley bullish outlook for property
    By tonymontana in forum Singapore Private Condominium Property Discussion and News
    Replies: 16
    -: 14-09-17, 11:41
  2. 'Bullish' top bid from CDL/ Hong Leong
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 10-09-12, 20:07
  3. The most bullish of all bull runs?
    By Fisherman in forum Singapore Private Condominium Property Discussion and News
    Replies: 33
    -: 28-04-12, 16:07
  4. S'pore's rich bullish about property investments
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 05-12-09, 15:21
  5. Bullish property market forecast for next 2 years; speculators cautioned
    By ahlahdin in forum Singapore Private Condominium Property Discussion and News
    Replies: 3
    -: 08-02-07, 20:00

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •