Prices of high-end condos starting to fall as sales dwindle

[Unregistered]

Just Buy now ..and hope that US comes out of IRAQ war after US election as New president comes to White house .
Then all these subprime buble etc will vanish in thin air

Plan for Ending the War in Iraq
“But conventional thinking in Washington lined up for war. The pundits judged the political winds to be blowing in the direction of the President. Despite - or perhaps because of how much experience they had in Washington, too many politicians feared looking weak and failed to ask hard questions. Too many took the President at his word instead of reading the intelligence for themselves. Congress gave the President the authority to go to war. Our only opportunity to stop the war was lost.

I made a different judgment. I thought our priority had to be finishing the fight in Afghanistan. I spoke out against what I called 'a rash war' in Iraq. I worried about, ‘an occupation of undetermined length, with undetermined costs, and undetermined consequences.’ The full accounting of those costs and consequences will only be known to history. But the picture is beginning to come into focus.”

—Barack Obama, Clinton, Iowa, September 12, 2007

[Unregistered]

http://responsibleplan.com/

US WAR in IRAQ

[Unregistered]

haha.....such report, big bullshit lah!
Q1'08, prime area property price up 4.4%.
8 days later, now reporter & analyst said Q1'08 price is 23% below Q4'07.

I would like to know what this figure of 4.4% (should be 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.

[Unregistered]

Just Buy now ..and hope that US comes out of IRAQ war after US election as New president comes to White house .
Then all these subprime buble etc will vanish in thin air

Ya you buy now, later u be like them also vanish, to where? NO BODY KNOW.

[Unregistered]

Ya you buy now, later u be like them also vanish, to where? NO BODY KNOW.

ya i bought already lah ,lets see in next 2-3 yrs time

[Unregistered]

ya i bought already lah ,lets see in next 2-3 yrs time

haha.....talk is free, so do paper trade.....

[Unregistered]

Just Buy now ..and hope that US comes out of IRAQ war after US election as New president comes to White house .
Then all these subprime buble etc will vanish in thin air

Such a naive moron.

[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.

[Unregistered]

Peaked Peaked Peaked
Analysts say it has peaked
Desperate flippers get freaked
Because they realised that the news has leaked
Now on to the exits as fast as they could bolt
Beacuse no question of their units ever being sold
Mayhem all over as they rush
Fellow flippers will they crush?
Thud Thud Thud Splash Splash Splash
It is all over in a flash

Such a naive moron.

[Unregistered]

Wah lau eh. You posters think the high end owners are coffeeshop ah turs ah kows gamblers. What is a few millions. Completely different world lah. Drop so what, they just keep their playhouses, can bring in mei mei some more.

[Unregistered]

Wah lau eh. You posters think the high end owners are coffeeshop ah turs ah kows gamblers. What is a few millions. Completely different world lah. Drop so what, they just keep their playhouses, can bring in mei mei some more.

Y keep mei mei in sentosa? they will do the night shift there. keep mei mei in hotel better. got security guards.

[Unregistered]

Peaked Peaked Peaked
Analysts say it has peaked
Desperate flippers get freaked
Because they realised that the news has leaked
Now on to the exits as fast as they could bolt
Beacuse no question of their units ever being sold
Mayhem all over as they rush
Fellow flippers will they crush?
Thud Thud Thud Splash Splash Splash
It is all over in a flash

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.

[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.

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.


You know what, I have the feeling you are actually the same person posting the above quote. ( NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.).
Please do not try to act (both characters). We are no fools.

[Unregistered]

wahahhaha

trying to play two character here!!!

wat a great but stupid idea!!!

[Unregistered]

Today my agent SMS me offering ST REGIS stack 3 facing pool at only $2800. Its a good buy.
I believe the highest transaction is $5000??

[Unregistered]

Today my agent SMS me offering ST REGIS stack 3 facing pool at only $2800. Its a good buy.
I believe the highest transaction is $5000??

wahahhaha

trying to play the additional third character here!!!

wat a great but stupid idea!!!

[Unregistered]

wahahhaha

trying to play the additional third character here!!!

wat a great but stupid idea!!!

You stress liao cannot stand market going down. Pathetic!!! even not dare tolook at classified ad because cannot face the reality.

[Unregistered]

You stress liao cannot stand market going down. Pathetic!!! even not dare tolook at classified ad because cannot face the reality.

Down your head.
Went up 16.9%.
Don't talk rubbish!

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.