Newbie
Yes, Manhattan is impressive and I particularly love 5th Avenue , diamond street, Broadway, ,Chinatown,Wall Street,Central Park, little Italy,Trump Tower,upper Manhattan- campus of U Columbia & Church in Harlem.Originally Posted by proud owner
Bergdorf Goodman store is real nice.
I will not take a walk from hotel Plaza to Broadway after 9 p.m. Overall , no city can compare to Manhattan for her diversity and vibrance.
Junior
With majority of units going at about $1,000psf or below for Freehold, Hilltop Living with MRT right at the foot of the hill, it is not surprising to surpass more than 100 units sold in just TWO weekends
Gotten this sms from a agent. What kind of pricing
Junior
You have $$$ now, would you invest in China or NYC? Jim Rogers chose to sell off his US properties and switch to stay in Singapore & invest in China. Singapore may be as expensive as Manhattan ... but remember, there is always reason why something is priced that way which factors in political stability, land scarcity, currency stability, personal safety, education ... if you think now is the best time to invest in London/Manhattan then no one can stop you but they are also people who think US/London will be in for a long term decline in economic power.
Newbie
which project was he referring to? Balmeg?With majority of units going at about $1,000psf or below for Freehold, Hilltop Living with MRT right at the foot of the hill, it is not surprising to surpass more than 100 units sold in just TWO weekends
Gotten this sms from a agent. What kind of pricing
Newbie
Anyday, anytime, Singapore!!
Most of the condos in Singapore are fully equipped with pool , tennis court, landscape and some with putting green too.Maintenance for condos is relatively cheap as compare.......to NY apartments with car park lot and security.Hardly u can find full condos facilities.
High crime rate is the key.
Very safe to raise a family, medical and schooling are relatively reasonable in Singapore.
Manhattan is fanastic place to work and play.Retired too if you have enough cash.Christmas is magical.
I was amused by their body check for gun if u visit the joints.
Senior
property prices in singapore are rather controlled as 90% of people owning homes here. we have yet to reach the dizzying heights of property prices in hong kong but we are on the way there. Land scarcity is good enough reason for people to park their money in singapore property.
Senior
It is the one beside 18 gates of hell...
Newbie
Compare to brooklyn and the rest, Manhanttan is considered quite safe liao la. Actually, I like Canada much more. Living near Niagara Fall at Canada is shiok. Or downtown Toronto whereby a lot of Chinese is located. I would say life there is much better than USA.
Senior
just wondering if there are many dead bodies thrown into niagara falls?
Senior
NY is THE safest state in the entire USA .. according to US govt report
i walk all the time be it broadway , 5th Ave ...
i will avoid anything from 100 st and higher ... Harlem
Newbie
Hey pal, seems like the whole kampong know you are in nyc. Anyway just curious, from where you are staying, how often you hear police or ambulance siren in the night? Say in a week?
Senior
every night .. ambulance ,, fire truck ... police car not so much
but when theres event... road closure ..alot of police ..
Junior
Time to increase stock position. HK/SG/ShangHai/Korean cracked new highs for 2009. Hong Kong broken 19,000 resistance, Singapore broken 2,400 resistance. High chance S&P500 can clear 946 resistance given the frenzy buying in Asia today. SG Property stocks still underperforming STI due to recent correction ... guess punters now a bit wary of government intervention after the income tax scare, need more good news in the luxury segment other than Simon Cheong buying GCB
Last edited by jitkiat; 20-07-09 at 15:49.
Newbie
It is crazy and unsustainable what is happenning on the market !
Within a week I had 4 differet offers on one of my prime property in RV . one higher then another . It is coming to 07' level . so I could not resist and sold it and signed OTP . banked the cheque . and guess what ? next day another agent called me offering higher ..
The queston: Is there any way around it to cancell OTP which was signed 2 days ago and to sell to the other party ? or is it too late ?
Anyhow I have made some good money out of this property and now feel extremely bearish , the market will have to crash and very soon .
May be I will sell my other property too if the price get higher , why keep when can rent so cheap-cheap) and then buy cheaper on correction .
Newbie
I'm not sure what legal options you have but as a matter of integrity and principle, you shouldn't be trying to cancel an OTP that you have given in pursuit of a higher offer. Makes a farce of the whole concept of an OTP.
Newbie
Signing OTP itself is a contract already. Think the other party can sue for whatever losses he suffered, if I am not wrong. No point la. Just for slightly higher price go through all these trouble, in the end you may loss even more.I'm not sure what legal options you have but as a matter of integrity and principle, you shouldn't be trying to cancel an OTP that you have given in pursuit of a higher offer. Makes a farce of the whole concept of an OTP.
Junior
Ya. Sell now and wait till RG hit 900psf and re enter again. Repeat this over n over againIt is crazy and unsustainable what is happenning on the market !
Within a week I had 4 differet offers on one of my prime property in RV . one higher then another . It is coming to 07' level . so I could not resist and sold it and signed OTP . banked the cheque . and guess what ? next day another agent called me offering higher ..
The queston: Is there any way around it to cancell OTP which was signed 2 days ago and to sell to the other party ? or is it too late ?
Anyhow I have made some good money out of this property and now feel extremely bearish , the market will have to crash and very soon .
May be I will sell my other property too if the price get higher , why keep when can rent so cheap-cheap
Senior
cannot, 900psf not low enough, J-Dog said 800psf by year end or he will chop mah.
Junior
規模達300億美元的南韓主權基金韓國投資公司(KIC)表示，將在今年較後時間增加其組合中股權投資比例，並會以美國及亞洲為目標。
KIC首席投資官Scott Kalb稱，債市投資回報不大可能再跑贏股市，因此會將資金轉投股市，擬在今年底前將持有的「傳統」投資比例由目前40%提高至50%
Korean Investment Corp to increase allocation of funds to stock from 40% to 50% later this year, target at US/Asian market ....
Newbie
therein lies the reason why some people are bearish and some people are bullish.
Newbie
Well, it is 6 month to go till the end of the year .. it will show who is right and who will laugh last ..
Newbie
Remember its the year in early 2008 where China Investment Company CIC or something like that say they are going to deploy their reserve more efficiently, and one of the super bullish branch manager commneted that "if they drop 1% of their reserve in Singapore (at that time around 1.78 trillion), they will drown us we their money and STI will burst pass 4000"
We know what happen after that.....
The most funniest part in this is that its Korea.....which is still an export junket and nearly went bankrupt again a few months ago due to high loan to deposit ratio and worst, their funding are largely wholesale.....
Newbie
Share your sentiments.......there is still 5 1/2 months left.......a lot of things still can happen within this period of time.......Well, it is 6 month to go till the end of the year .. it will show who is right and who will laugh last ..
Lets keep our fingers cross.
Junior
If stock market is a future indicator (say 6m), basically market forces not seeing any crash that can happen within 2009 so far. It is just a probability game.
Newbie
I made quite a bit of gains in the stockmarket over the last few months, much more than I expected. It is time to put my money where my mouth is. Since I am now more bearish than ever on Singapore property, it is time to take some of the profits and look at shorting some property stocks.
Newbie
The chart also give very bullish signal during Tech Bubble and before China collapsed (which pull down STI, HSI). The chart for these event is widely available. A bullish chart doesn't mean anything, in particular, it doesn't mean there will be no crash.
Newbie
Look what is happenning in US and this is not Detroit !! This is Florida !!!!
When the whole world is bleeding why do you think Sing properties will flourish ?
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How to Get 20% a Year Out of Your Property ??
"Of all of our travels, the Seven Sisters Inn is by far the best we have seen," says a guest.
The Seven Sisters Inn was built in 1888, using Victorian architecture...
Bonnie Morehardt and her husband Ken Oden restored the inn in 1986. They did such a fine job, the Florida Trust Historic Preservation Society judged the Seven Sisters the "Best Restoration Project" and listed it on the National Register of Historic Places.
The Seven Sisters Inn is in Ocala, Florida. It has eight guest rooms and an office. The rooms have different themes... There's an Argentina room, an Egypt room, and a China room, for example. Bonnie Morehardt and her husband were pilots. For 20 years, they traveled the world collecting Egyptian-themed art, custom armoires, and Oriental rugs to decorate each of their rooms.
"I hand-picked everything for each room," Morehardt said. The rooms rent for around $200 a night.
Today, the Seven Sisters Inn is famous across the country as one of the finest bed and breakfasts in America. Here's the thing: The owners weren't able to cover their mortgage costs... and this week, the bank will sell the Seven Sisters Inn in an online auction.
The auction started two weeks ago. It ends in two days. As I write, the current bid for the Seven Sisters is $117,500. You can also bid on the contents of the inn. For example, the current bid on an antique desk is $55. There's an oil painting going for $25.
You can follow the auction of the Seven Sisters Inn and its contents here.
Right now, as a result of the housing collapse and recession, banks are selling thousands of properties through auction all around the country.
These auctions are loaded with bargain properties. One of the properties up for auction is only nine years old, in great condition, and in a very desirable location. I asked the owner of a property-management company about it... He told me it would generate $30,000 a year in rental income. The current bid for this property is $152,500. That's a 20% rental yield at current prices.
To earn a 20% yield from the Seven Sisters Inn, at $200 per room, you'd only have to host 118 guests a year.
PM for the website of the auction house .
So why settle for 2-3% annum on curren Sing properties ? It's NUTS !!!!
Junior
That's it, S&P500 is confirmed to be above 946-950 resistance (HK 19,000, STI 2,400). NASDAQ has been up 12 days continuously. Solid.
U.S. stocks are rallying after a bigger-than-expected jump in sales of existing homes. The National Association of Realtors says sales of previously occupied homes rose 3.6 percent from May to June.
Junior
Breaking resistance with high volume, relatively stronger than other property stocks ... high end residential market confidence is back?
Junior
Hi I'm back! I left this forum for almost a year.
I didn't dare to read anything posted here (or anything about property) for the past year because I think I have lost more than a million.
So I just ignored any news to do with property and concentrated on my work.
But recently the market seems to have recovered somewhat so I came back here to read the forums again.
If the market crashes again I'm going to disappear again.
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