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Thread: Singapore Property Sector - Vacant real(i)ty

  1. #1
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    Default Singapore Property Sector - Vacant real(i)ty

    http://star.walagata.com/w/ghisallo/42339025.pdf

    Tour-de-force analysis from Credit Suisse. A long but worthy read.

  2. #2
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Quote Originally Posted by 2ndTimeLucky
    http://star.walagata.com/w/ghisallo/42339025.pdf

    Tour-de-force analysis from Credit Suisse. A long but worthy read.
    I would say that their analysis is "Tour-de-force" if they had written "our previous assumptions had always been very accurate" rather than "our previous assumption seems to be too optimistic".


  3. #3
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Quote Originally Posted by 2ndTimeLucky
    http://star.walagata.com/w/ghisallo/42339025.pdf

    Tour-de-force analysis from Credit Suisse. A long but worthy read.
    Report that tells us to buy is "con".
    Report that tells us to sell is also "con".

    You seem easily "conned" by this report that tell us to sell.

    Soleil #28-01 was bought for $1,350,000 and subsold at $1,500,000 for a profit. Both caveats were lodged at different time. Yet CS blindly took it that price has dropped from $1,500,000 to $1,350,000. The analyst did not have access to the paid URA system or what?

    Soleil #35-07 was sold at $1,680,000 and #11-07 was sold at $1,096,000 1.5 months later. CS blindly took it that price has dropped from $1,680,000 to $1,096,000. The analyst did not have any formal education or what?

    There are transaction that shows prices went up too. Why did CS only choose the ones that show down? Does the analyst has a biased objective in mind?

    This CS report is totally bullshit!

    I am neither a bull or a bear but research house should publish a report that is totally misleading, wrong and biased. I would rather analyse the URA data myself than to trust in this CS report or any other reports.

  4. #4
    Fedup!
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Quote Originally Posted by UnregĄstered
    Report that tells us to buy is "con".
    Report that tells us to sell is also "con".

    You seem easily "conned" by this report that tell us to sell.

    Soleil #28-01 was bought for $1,350,000 and subsold at $1,500,000 for a profit. Both caveats were lodged at different time. Yet CS blindly took it that price has dropped from $1,500,000 to $1,350,000. The analyst did not have access to the paid URA system or what?

    Soleil #35-07 was sold at $1,680,000 and #11-07 was sold at $1,096,000 1.5 months later. CS blindly took it that price has dropped from $1,680,000 to $1,096,000. The analyst did not have any formal education or what?

    There are transaction that shows prices went up too. Why did CS only choose the ones that show down? Does the analyst has a biased objective in mind?

    This CS report is totally bullshit!

    I am neither a bull or a bear but research house should publish a report that is totally misleading, wrong and biased. I would rather analyse the URA data myself than to trust in this CS report or any other reports.
    So CreditSusse cooked this report up? Disgusting! I celebrated in vain!

    Anyway I will analyse the URA data myself and prove that market is going down.

    No worth spending time on any of these reports. They are all biased. If they want the market to go up, they tell you up. If they want it to go down, they will tell you down.

  5. #5
    Haha
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Quote Originally Posted by Fedup!
    So CreditSusse cooked this report up? Disgusting! I celebrated in vain!

    Anyway I will analyse the URA data myself and prove that market is going down.

    No worth spending time on any of these reports. They are all biased. If they want the market to go up, they tell you up. If they want it to go down, they will tell you down.
    wah lau you celebrated !!
    if CS report is accurate URA PPI would have shown already

  6. #6
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Quote Originally Posted by Haha
    wah lau you celebrated !!
    if CS report is accurate URA PPI would have shown already
    Is market going up or down? Nobody knows. No point speculating. Just wait for URA to release the results. That one is unbiased. Up means up. Down means down. Take a break and wait for the results.

  7. #7
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Quote Originally Posted by UnregĄstered
    Is market going up or down? Nobody knows. No point speculating. Just wait for URA to release the results. That one is unbiased. Up means up. Down means down. Take a break and wait for the results.
    My dear friend, the market's all about manipulation isn't it? That's how the big boys make money off the small guys. If you're selling watermelons at $1 per piece, wouldn't you like to sell it at $5 each? It's human nature to always want more and more and more.

  8. #8
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Credit Suisse does not have enough credibility in my view to present abt the Singapore Property Market,they are not in the real estate business to start with, also half their target prices were quite some way off, I would not pay too much attention to this report.....

  9. #9
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    On contrary, not being "in the real estate business" increases credibility as they are less likely than developers to be biased.

    I did read through the very long report. Its rationally argued, and supported with evidence, both direct and indirect.

    All too often, we hear bullish and bearish statements backed up by the flimsiest of data. Why should I believe them?

    But this report seems to have really put in alot of effort to backup each statement with data. Makes a compelling argument in my opinion.

  10. #10
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    Default Re: Singapore Property Sector - Vacant real(i)ty

    Just because the report is full of numbers and statistics does not mean its accurate, a lot of information is based on forecast and not actual data, I also noticed that it did not represent the entire property market, only selected condos were mentioned.....

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