Haha. All these buyers are too rich and dunno where to spend their money.Originally Posted by East Lover
Haha. All these buyers are too rich and dunno where to spend their money.Originally Posted by East Lover
Thats correct.Originally Posted by kalumder
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
Originally Posted by 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.
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???Originally Posted by Miow
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.Originally Posted by East Lover
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....Originally Posted by East Lover
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).Originally Posted by Miow
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.Originally Posted by blackswan
Finally someone pay attention the commodities. Oil in particular. This has a direct impact on many things.Originally Posted by 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.Originally Posted by Miow
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.Originally Posted by kalumder
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 surveyOriginally Posted by jitkiat
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
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.Originally Posted by blackswan
Business Times - 03 Feb 2007Originally Posted by VIPCLUB2004
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
1 Amber Gardens #04-07
Freehold
$880 psf
1335 sq ft
$1174k
16 Apr 09
HDB c'monOriginally Posted by VIPCLUB2004
One Amber c'mon
One Amber nowhere near any Dist 9-11
nothing more than mass market pretender
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 wouldn't pay 880psf for OA. 720psf is more like it.Originally Posted by dtrax
I like to hear this . Who else can I sell my properties to when STI is peaking.Originally Posted by Sean.G
720psf you cn buy a whole load of cndos in the suburbs whch i thk suits ur budget betterOriginally Posted by firec
Nice one. so 720psf is his budget. But Micasa or Livia then.Originally Posted by Regulators
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.Originally Posted by Sean.G
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.
Originally Posted by VIPCLUB2004
i don't think any condo or apt here is pretending to be anything. blame the marketing people i guessOriginally Posted by NoodyGirl
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
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
[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.
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.Originally Posted by pegasus
i am sure there will be a queue if it is selling at 800psf.Originally Posted by firec
Why isn't there a queue at 900psf? Sea View units have transacted at 1000psf+++.Originally Posted by Douk