One Amber (D15, 999 years, UIC/Singland)

[b&j]

Market is crazy now.

My agent told me that Esta 3+study sold 1.25 mil in Jan, another buyer wanted to buy same type unit, guess what, the 1.25 mil offer was rejected on April!

Same thing for One Amber - there is 1259 sqft unit, mid floor, no view, before tried 1 mil, rejected, now owner is asking 1.1 mil

胃口越来越大了！

Haha. All these buyers are too rich and dunno where to spend their money.

[ppty]

There is no correlation between stock market and property.

Thats correct.

Shares you buy today at 4pm and can sell it off at 4.55pm same day

For property - its illiquid and difficult to do a fast turnover as in
stock market

[Miow]

There is no correlation between stock market and property.

The stock market and property are always correlated, especially at inflexion points with the former ahead of the latter by six months. This has been proven relationship in every past recession.

[East Lover]

The stock market and property are always correlated, especially at inflexion points with the former ahead of the latter by six months. This has been proven relationship in every past recession.

so can we assume the property market will go up in 6 months time, instead of 6 days? how come the D18 LH99 resales asking price dear to increase 100 psf within a few days???

[Miow]

so can we assume the property market will go up in 6 months time, instead of 6 days? how come the D18 LH99 resales asking price dear to increase 100 psf within a few days???

Most people don't realise that the situation on the ground is no way as bad as the newspaper front-line news i.e. GDP contraction of -11.5%. This is because this time round, Singaporeans have more savings and more importantly, interest rates are dirt cheap. With a slight whiff of economic bottom, all the money rushes into the stock market. Soon, it'll be the property market. With the IRs opening in end-09/early-10, it will boost sentiments on the property market. The beginning of a new chapter in Singapore. Just take a look at Macau. Even if Singapore experiences just 1/5of what happened in Macau, it'll be good enough. Singapore will be the only place in Asia that offers the rich foreigners security for both their liife and money. Where do you think the rich Chinese will go after Hong Kong? The obvious choice is Singapore given that Mandarin is widely spoken here. The rich Chinese would eventually want a home here after Hong Kong to park their spare money. In fact both Hong Kong and Taiwan are too close to home for comfort. Their spare money would need to be parked further offshore.

[VIPCLUB2004]

so can we assume the property market will go up in 6 months time, instead of 6 days? how come the D18 LH99 resales asking price dear to increase 100 psf within a few days???

Because they think and treat property as shares Now rental income or divident is rare, people don't have time to wait for that, all focus in capital growth, so one bubble after another bubble....

[blackswan]

Most people don't realise that the situation on the ground is no way as bad as the newspaper front-line news i.e. GDP contraction of -11.5%. This is because this time round, Singaporeans have more savings and more importantly, interest rates are dirt cheap. With a slight whiff of economic bottom, all the money rushes into the stock market. Soon, it'll be the property market. With the IRs opening in end-09/early-10, it will boost sentiments on the property market. The beginning of a new chapter in Singapore. Just take a look at Macau. Even if Singapore experiences just 1/5of what happened in Macau, it'll be good enough. Singapore will be the only place in Asia that offers the rich foreigners security for both their liife and money. Where do you think the rich Chinese will go after Hong Kong? The obvious choice is Singapore given that Mandarin is widely spoken here. The rich Chinese would eventually want a home here after Hong Kong to park their spare money. In fact both Hong Kong and Taiwan are too close to home for comfort. Their spare money would need to be parked further offshore.

Wow that's exactly what one of the branch manager say in June/August 2007, same arguement plus at that time, there's mention that China HuiJin is going to invest a portion of the USD$ 2Tn China reserves overseas. Remember the branc manager say "Even 1% or 20 bn, you can imagine where will the STI go!!!"(believe that time STI around 3,600).

Well, we know the story after that, not only in Singapore but also in Macau and Vegas.

[jitkiat]

Wow that's exactly what one of the branch manager say in June/August 2007, same arguement plus at that time, there's mention that China HuiJin is going to invest a portion of the USD$ 2Tn China reserves overseas. Remember the branc manager say "Even 1% or 20 bn, you can imagine where will the STI go!!!"(believe that time STI around 3,600).

Well, we know the story after that, not only in Singapore but also in Macau and Vegas.

Barring further crisis, when steady growth returns, STI target will be 4,800. First range is 1,200 to 2,400, second range is 2,400 to 3,600, if broken 3,600 range will be 3,600 to 4,800. I am not so sure will China invest in STI but one thing which Jim Roger & Buffet all agree is USD is going to go down again, oil & commodities will shoot up and inflation will be sky high again. Look at oil now, 57+ USD already. Very soon, petrol price, PUB bills everything must go up. Holding cash will b disaster.

[Property_Owner]

Barring further crisis, when steady growth returns, STI target will be 4,800. First range is 1,200 to 2,400, second range is 2,400 to 3,600, if broken 3,600 range will be 3,600 to 4,800. I am not so sure will China invest in STI but one thing which Jim Roger & Buffet all agree is USD is going to go down again, oil & commodities will shoot up and inflation will be sky high again. Look at oil now, 57+ USD already. Very soon, petrol price, PUB bills everything must go up. Holding cash will b disaster.

Finally someone pay attention the commodities. Oil in particular. This has a direct impact on many things.

[kalumder]

The stock market and property are always correlated, especially at inflexion points with the former ahead of the latter by six months. This has been proven relationship in every past recession.

Property price is dictated by supply and demand, and real GDP growth. Rent and morgages are paid by real salaries, not future salary income (salaries on average dont increase by 15-60%). You should checkout the current rental market, and you will see property is overpriced.

Stockmarket is a casino where people make bets on the future with companies that are listed. That is why it has nothing to do with the real economy.

[jitkiat]

Property price is dictated by supply and demand, and real GDP growth. Rent and morgages are paid by real salaries, not future salary income (salaries on average dont increase by 15-60%). You should checkout the current rental market, and you will see property is overpriced.

Stockmarket is a casino where people make bets on the future with companies that are listed. That is why it has nothing to do with the real economy.

For a fresh graduate started working at 1997, salary actually increase >60% in 12 years leh Now the residential index is same at year 2000. But to me, it is much cheaper compared to year 2000 leh. But I do agree the high-end condos still have oversupply problems till end of 2010 eat least.

[VIPCLUB2004]

For a fresh graduate started working at 1997, salary actually increase >60% in 12 years leh Now the residential index is same at year 2000. But to me, it is much cheaper compared to year 2000 leh. But I do agree the high-end condos still have oversupply problems till end of 2010 eat least.

Salary increase so many meh??? Salary for Engineering students is around $2500 in later 1990s, now seems quite the same leh.... if increase 60%, should be $4000!!! Maybe engineers are belong to the poors, not included the salary survey

Salary is around $1000/m for fresh graduate in 1980 while 5R HDB sell at $35K, now the salary is around $3000 while 5R HDB sell at $350K!!!! No wonder life become tougher & tougher

[Miow]

Wow that's exactly what one of the branch manager say in June/August 2007, same arguement plus at that time, there's mention that China HuiJin is going to invest a portion of the USD$ 2Tn China reserves overseas. Remember the branc manager say "Even 1% or 20 bn, you can imagine where will the STI go!!!"(believe that time STI around 3,600).

Well, we know the story after that, not only in Singapore but also in Macau and Vegas.

6 months away is different from 1.5 years away. We'll find out pretty soon. Singapore Inc ain't going to allow this to fail because it's a major initiative with significant national interest involved. If it doesn't work, the governement will tweak it until it works.

[jitkiat]

Salary increase so many meh??? Salary for Engineering students is around $2500 in later 1990s, now seems quite the same leh.... if increase 60%, should be $4000!!! Maybe engineers are belong to the poors, not included the salary survey

Salary is around $1000/m for fresh graduate in 1980 while 5R HDB sell at $35K, now the salary is around $3000 while 5R HDB sell at $350K!!!! No wonder life become tougher & tougher

Business Times - 03 Feb 2007
Singapore Per Capita GDP Crosses US$30,000
By Anna Teo

(SINGAPORE) Singapore's per capita gross domestic product (GDP) would have crossed US$30,000 for the first time in 2006, edging it closer to OECD high income average levels.

While official full-year economic data has not been released, the Singapore economy is widely expected to have grown about 8 per cent in 2006, bringing GDP to almost S$210 billion in nominal terms. At 2006 US-dollar exchange rates - which hovered between 1.65 at the start of the year and 1.53 by the end - this amounts to about US$133 billion, or just over US$30,200 in per capita terms based on a population of 4.4 million.

In 2005, Singapore's per capita GDP - or, very loosely, output per person - was just under US$27,000. So a jump to US$30,200 would spell an increase of close to 12 per cent - well over the GDP growth.

Singapore's per capita GDP first exceeded US$20,000 around 1994 when the economy was booming and the Singapore dollar was near its strongest vis-a-vis the greenback. In 1993, per capita GDP was about US$19,000.

=> I think it is not just the starting salary, it is also to do with bounus, promotion, allowance as well as more and more family are double income

[Property_Owner]

ONE AMBERAMBER GARDENSCondominium11,174,8001,335880Apr-09ONE AMBERAMBER GARDENSCondominium11,268,9601,442880Apr-09

Anyone know which unit?

[dtrax]

1 Amber Gardens #04-07
Freehold
$880 psf
1335 sq ft
$1174k
16 Apr 09

[NoodyGirl]

One of my friends told me that he bought a 5 room HDB at 35k and a landed property at 60k in early 1980s, the price now raise 10 and 20 times respectively, if this trend continues, 5 room HDB will sell at 3.5 million while a normal landed will sell at 10 to 20 million in 2030 and One Amber will sell at 10 million

But the problem is that the property price in 2008 is quite the same as in 1996, same for the stock market....

HDB c'mon
One Amber c'mon
One Amber nowhere near any Dist 9-11
nothing more than mass market pretender

[Sean.G]

Come on....i know everybody is trying to predict the market...but shares and oil has very very little effect on property prices...its totally different investment tools.

It like saying...manchester united is doing well...so lewis hamilton will win the F1....

ITS NOT RELATED!!

Mr Kiat....do you own a property? If today STI chiong up 1000 points will you immediately put your property up for sale?

[firec]

1 Amber Gardens #04-07
Freehold
$880 psf
1335 sq ft
$1174k
16 Apr 09

I wouldn't pay 880psf for OA. 720psf is more like it.

[jitkiat]

Come on....i know everybody is trying to predict the market...but shares and oil has very very little effect on property prices...its totally different investment tools.

It like saying...manchester united is doing well...so lewis hamilton will win the F1....

ITS NOT RELATED!!

Mr Kiat....do you own a property? If today STI chiong up 1000 points will you immediately put your property up for sale?

I like to hear this . Who else can I sell my properties to when STI is peaking.

[Regulators]

720psf you cn buy a whole load of cndos in the suburbs whch i thk suits ur budget better

I wouldn't pay 880psf for OA. 720psf is more like it.

[Property_Owner]

720psf you cn buy a whole load of cndos in the suburbs whch i thk suits ur budget better

Nice one. so 720psf is his budget. But Micasa or Livia then.

[Property_Owner]

Come on....i know everybody is trying to predict the market...but shares and oil has very very little effect on property prices...its totally different investment tools.

It like saying...manchester united is doing well...so lewis hamilton will win the F1....

ITS NOT RELATED!!

Mr Kiat....do you own a property? If today STI chiong up 1000 points will you immediately put your property up for sale?

It's a chain reaction. See what will happen when oil hit abover 100 dollars again. So now, enjoy V power while you still can afford.

[noblebaby]

starting salary for engineer with degree is around 2.8 to 3k in the recent years... I got friends as electronic/mechanical engineers, after 5 years, salary is now 4.5-5k++... my friend work in O&G also, salary 6.5k+ with 6 years+ experince...

Depends on performance la, if you are good, you make more, get promoted faster... can be more than a banker.

Salary increase so many meh??? Salary for Engineering students is around $2500 in later 1990s, now seems quite the same leh.... if increase 60%, should be $4000!!! Maybe engineers are belong to the poors, not included the salary survey

Salary is around $1000/m for fresh graduate in 1980 while 5R HDB sell at $35K, now the salary is around $3000 while 5R HDB sell at $350K!!!! No wonder life become tougher & tougher

[sevol]

HDB c'mon
nowhere near any Dist 9-11
nothing more than mass market pretender

i don't think any condo or apt here is pretending to be anything. blame the marketing people i guess

staying in D09 is nice of course but after a while it gets a bit boring. after all with town juts downstairs, where else can i to go? also after a while i end up walking in orchard in shorts and tshirt cos who is going to bother to dress up just for a short stroll to buy something?

i'm staying in katong now and i love it here

i'll only consider D9 and D10 if i'm getting a landed gcb

[kalumder]

you think the market is crazy? you aint seen nothing yet.

BARGAIN OF THE DAY! QUICK SNAP IT UP
http://www.propertyguru.com.sg/listi...2/for-sale-hdb

S$ 4,950,000 Negotiable | 3 beds | 2 baths | HDB Type 4NG (New Generation)
980 sqft / 91 sqm | S$ 5051.02 psf (built-in)

Notice the text!
Valuation at $485,000, selling at slightly above valuation

slighty is offcourse relative

[pegasus]

[quote=firec]I wouldn't pay 880psf for OA. 720psf is more like it.[/q]

Just to give you an idea of where the indicative prices are. A property agent just called me saying she has a buyer for my 3bdr unit, opening offer S$880 psf. I declined as I'm not looking to sell.

[firec]

A property agent just called me saying she has a buyer for my 3bdr unit, opening offer S$880 psf.

I can also call anyone to say I have buyer at 1k psf. Hungry agents will perform any stunt to earn commissions. C'mon, even sea view, OA's richer cousin, has seen prices falling. Btw, a bank is auctioning one unit there with indicative price of just 900psf. I'll see if anyone offers 800psf for that lousy unit.

[Douk]

I can also call anyone to say I have buyer at 1k psf. Hungry agents will perform any stunt to earn commissions. C'mon, even sea view, OA's richer cousin, has seen prices falling. Btw, a bank is auctioning one unit there with indicative price of just 900psf. I'll see if anyone offers 800psf for that lousy unit.

i am sure there will be a queue if it is selling at 800psf.

[firec]

i am sure there will be a queue if it is selling at 800psf.

Why isn't there a queue at 900psf? Sea View units have transacted at 1000psf+++.