How to tell when the property market is going into a downtrend again?

[gfoo]

3rd Gambling Den? Oh dear, I hope that guy who is tasked or asked to look into possible developments for Marina east would not propose another casino. Anyway, thx for the information.

LOL, even right now people are gambling on the golf course pre prepping the reclaimed land. One can lose more at golf than at genting

[gfoo]

But the asking is not that cheap now in that area? Most units are asking for at least $900 to more than $1000psf. Anyone know what is the highest price that units in Pebble Bay/Costa Rhu have fetched before?

Propguru and online listings are pipe dreams. Actual BNP are much lower. U need to do homework to find gems

[bargain hunter]

I think proud owner will agree with this quote:

"The only green shoots i see are the US dollar notes being printed." Marc Faber

[proud owner]

I think proud owner will agree with this quote:

"The only green shoots i see are the US dollar notes being printed." Marc Faber

hahaha


thanks .. you seem to know me well

[Geylang OKT]

Property Cheong Up or Down Ahhhh!!!

[Property_Owner]

But the asking is not that cheap now in that area? Most units are asking for at least $900 to more than $1000psf. Anyone know what is the highest price that units in Pebble Bay/Costa Rhu have fetched before?

Not interested. This area is swamp with bollywood

[JohnTan]

S'pore upgrades 2009 GDP forecast to a contraction of 4-6%
Posted: 14 July 2009 0815 hrs
Photos 1 of 1 ">
Singapore skyline



SINGAPORE: Singapore's economy is expected to contract four to six per cent this year, up from an earlier projection of a six to nine per cent fall, due to less severe contraction in the first half of the year.

A statement by Singapore's Ministry of Trade and Industry (MTI) on Tuesday said the adjustment reflects an upward revision in first quarter performance, as well as strong second quarter growth.

A strong pharmaceuticals sector boosted second quarter economic output, ending a recession after four straight quarters of contraction.

Preliminary data showed real gross domestic product (GDP) rising by an annualised and seasonally adjusted rate of 20.4 per cent compared to the first three months of the year.

The services producing industries and the hotels and restaurants industries continued to see declines in on-year terms.

The wholesale and retail trade sector, as well as the financial services sector, remained weak but saw less severe contractions.

Year-on-year, second quarter GDP is expected to contract 3.7 per cent.

Real GDP contracted by 12.7 per cent on-quarter in the January to March period after seasonal adjustments, less than the contraction of 14.6 per cent estimated in May.

On a year-on-year basis, the economy for the first quarter of 2009 contracted by 9.6 per cent.

MTI warned of a weak economic recovery susceptible to downside risks for the rest of the year.

*****

I am very surprised by the highlighted text in the news article above. I have highlighted it here for all to comment.

What is your take on this? We could sink back into recession in the coming qarters but chances are that we will not.

[proud owner]

S'pore upgrades 2009 GDP forecast to a contraction of 4-6%
Posted: 14 July 2009 0815 hrs
Photos 1 of 1 ">
Singapore skyline



SINGAPORE: Singapore's economy is expected to contract four to six per cent this year, up from an earlier projection of a six to nine per cent fall, due to less severe contraction in the first half of the year.

A statement by Singapore's Ministry of Trade and Industry (MTI) on Tuesday said the adjustment reflects an upward revision in first quarter performance, as well as strong second quarter growth.

A strong pharmaceuticals sector boosted second quarter economic output, ending a recession after four straight quarters of contraction.

Preliminary data showed real gross domestic product (GDP) rising by an annualised and seasonally adjusted rate of 20.4 per cent compared to the first three months of the year.

The services producing industries and the hotels and restaurants industries continued to see declines in on-year terms.

The wholesale and retail trade sector, as well as the financial services sector, remained weak but saw less severe contractions.

Year-on-year, second quarter GDP is expected to contract 3.7 per cent.

Real GDP contracted by 12.7 per cent on-quarter in the January to March period after seasonal adjustments, less than the contraction of 14.6 per cent estimated in May.

On a year-on-year basis, the economy for the first quarter of 2009 contracted by 9.6 per cent.

MTI warned of a weak economic recovery susceptible to downside risks for the rest of the year.

*****

I am very surprised by the highlighted text in the news article above. I have highlighted it here for all to comment.

What is your take on this? We could sink back into recession in the coming qarters but chances are that we will not.

showed us a strong data ...but warn of downside risk ..typical economist

say already like never say ...


mass mkt going up like no tomorrow ..

also good lah .. time to start looking at High end properties ..

1 , mass mkt catching up .. eventually high end have to move even higher ..

or

sell my mass market .. and buy a HDB Maisonette and retire there ...

[Regulators]

if these economists are so accurate in their forecasts, many would not be economists by now and would have retired....