Confirm not, there are too many condo units in that area already...Originally Posted by pmet
Newbie
Confirm not, there are too many condo units in that area already...
F01 N54 Sheer Driving Pleasure
Don't be so negative leh!
New Launch Project Specialist
Brutal but true. How many millionaires still out there, SG is a small market. Unlike East and Prime, I don't think West is so attractive to O/S investors.
F01 N54 Sheer Driving Pleasure
Hopefully we can have more millionaires this year to replace the foreign millionaires that have been buying our properties?
Singapore now has 77,000 millionaires
我报
Thursday, 26 June 2008
Singapore has climbed the ranks of the millionaire club: It is now No. 7 in the world's top 10 list of fastest-growing populations of high rollers.
The country saw a 15.3% rise - or an addition of 10,000 people - to 77,000 millionaires, according to the 12th annual World Wealth Report, prepared by United States investment bank Merrill Lynch and information technology group Capgemini.
The report defines a millionaire as a person possessing more than US$1 million (S$1.37 million) in net assets, excluding his main residence and other consumables.
Asia was home to some of the world's fastest-growing populations of millionaires, according to the report.
Topping the top-10 list was India, followed by China. For India, the number of its millionaires jumped 22.7% last year to 123,000, while the number of high rollers in China rose 20.3% to 415,000.
Other countries in the top 10 list are Brazil, which took the third spot, followed by South Korea, Indonesia, Slovakia, Singapore, the United Arab Emirates, Czech Republic and Russia.
Despite financial turmoil and significant increases in the price of luxury goods, the report said the world's millionaires have an 'unquenchable appetite' for luxury items.
Jewellery, gems and watches attracted the largest share of these 'passion investment allocations' in Asia and the Middle East, the report said.
Globally, these high-priced toys tend to be art collections, yachts, personal jets and similar items, said Merrill Lynch and Capgemini.
But there are regional differences, with Asia's millionaires allocating the most to items like luxury and 'experiential' travel, visits to high-end spas and designer clothes, they said.
Asian millionaires' wealth would grow annually by 7.9% to US$13.9 trillion in 2012, against US$13.5 trillion among Europe's wealthiest, or 4.9% annual growth, the report said.
The number of millionaires in the Asia-Pacific grew 8.7% from a year ago to 2.8million people and their combined wealth soared 12.5% to US$9.5 trillion, excluding the value of their homes and consumables.
'In the Asia-Pacific region, wealth is being created at an unprecedented rate,' said Mr Kong Eng Huat, managing director (South Asia Market) at Merrill Lynch Global Wealth Management.
'Notwithstanding the recent dislocation in global markets, the robust economies in Asia are increasingly being driven by the domestic consumption story and continue to spur wealth creation in the region.'
Mr Kong added that, in five years' time, millionaires in Asia would have more combined wealth than those in Europe.
But the rich are also facing the challenges of slower growth in developed markets hit by the credit crisis as well as the risk of high inflation in emerging markets, the report said.
Junior
Again, you dun need to be a millionaire to own a million dollar condo. One simply needs to pay small small (20%) loan big big (80%), live on bread on water and pray no retrenchment. Remember now market is hot, be it good boat or bad boat with holes that will sink, any boat must be good boat; dun buy now later prices will chiong up. Muz live up to the singapore dream of owning a condo... then u will suddenly realized that more than 77k people can afford condos. Afterall new launch, pay small small, if need to worry then worry 2-3yrs later when TOP
New Launch Project Specialist
Not everyone can pay the 20% and the loans have to be approved by the bank based on your income, means not everyone can loan the 80% which effectively eliminates many people from the pool of buyers.
Newbie
one thing I'm not sure why ppl paid around 1 mil+ for a 2+1 unit facing the AYE?
Future F1 race @ AYE?
Newbie
one thing I'm not sure why ppl paid around 1 mil+ for a 2+1 unit facing the AYE?
Future F1 race @ AYE?
This shows that $1m is nothing now compared to 5 yrs ago.The value of money has gone down.
Newbie
Well the real gem just accross the aye to be realized during the topone thing I'm not sure why ppl paid around 1 mil+ for a 2+1 unit facing the AYE?
Future F1 race @ AYE?
F01 N54 Sheer Driving Pleasure
Hundred Trees almost sold out
H88
Sunday, 4 October 2009, 22:55
We paid a quick visit to the Hundred Trees showroom today and guess what? Along with all the 1BRs and 2BRs sold out last week, the 2+1BRs, 3BRs and PH are gone too!
All that's left are a couple of 3+1BRs and 4BRs. CDL must be really happy, Hundred Trees is on it's way to being sold out. All that in 9 days since it's preview launch last Friday 25 September!
Prices at the time of visit hovered in the $920 to $1,000 psf range.
The 956-year leasehold project in West Coast has done remarkably well, even with the recent government measures to cool the market. So much for dampening the market frenzy!
What's more it has done so without any MRT nearby or any so-called unique selling point like a reservoir view or sea view. Could it be the power of the CDL brand? Or is there something else?
Newbie
I think all targetting for the 10 years jurong plan coming up !
Newbie
The Hello Kitty effect lah!
New Launch Project Specialist
Yeah afterall I feel that The Parc is a better located development and is struggling to hit $1K psf.The Hello Kitty effect lah!
Newbie
Why do you think The Parc is a better located development? Better amenities? Food, shopping etc. near by?
Newbie
I prefer The Parc Condo too! They are closer to the Clementi MRT station. Besides, it is a freehold and still selling below $900psf.
New Launch Project Specialist
Yep, those 100 Trees buyers can't see the trees from the woods.
Newbie
you probably have never been to the site of The Parc. If you have ,you would have noticed that it is just next to a few blocks of HDB flats . So some stacks would have the bedrooms facing the HDB blocks.
100 TREES location is more exclusive . There's no unit facing any HDB flats.It is located in a landed property area & is next to a park. So you need to actually go down to the site to see for yourself. Being slightly nearer to the MRT is not the only criterion buyers look at . Its got to be the whole package.
Newbie
buy DBR at simei. Inside got 200 trees.....
Newbie
True indeed The Parc is near HDB, but that cld also be seen as an advantage when one looks at amenities. Since a comparison is already being made here, let's not forget tt those who bought The Parc may not be exactly making a profit (a few sub-sales seeing losses) .... it was launched during the boom time. But this one? If this craze in the mkt signifies another 'boom' then perhaps good to be careful liao ...
Junior
u know if pty market allows "shorting", I'm pretty sure he will not short either. These are the usual tcss type that just love to talk, and will never put money where his mouth is.
exactly ! even though I'm not really a fan of 100 Trees, I wouldn't say Parc has a better location. In 100 Trees, the non AYE facing units have a very good view over the park and all the landed houses. Since it's elevated (btw those just tcss type probably didn't know it's elevated), even the 1st floor view could already look over the houses, and any mid level above can clearly see past west coast highway and all the way to the cranes. Some ppl may prefer this, as the old saying goes "never touch a pty with a 10 ft pole if u can see HDB from the window". It does have a selling point for some people. (well, why do we even argue here ? It's almost sold out already)you probably have never been to the site of The Parc.
For me , I just find it a bit disappointing that : 1) rubbish chute is outside; 2) bedroom floors are "laminated flooring" not the usual timber strips. 3) living rm flooring is not marble. Clearly very mass market.
Senior
i have seen a few projects where the rubbish chute is outside the unit ..
theres one project where they dont even have rubbish chute..owners just leave their garbage outside their main door and cleaners will clear them first thing in the morning
some said its good cos its cleaner ...
i beg to differ ...
we buy property based on location ... similarly having the ruibbish chute outside is quite similar to buying a location far from amenities ..
New Launch Project Specialist
Huh? you mean you would buy a property in Woodlands far from MRT with rubbish chute inside rather than a property in Orchard Road near MRT with rubbish chute outside???????? I think location as a deciding factor, far, far far, outweighs whether chute inside or outside.
Senior
i am saying ..we buy location ...and amenities ..
within the same area ... i would go for the one with the chute inside
New Launch Project Specialist
Still don't quite agree, I go for location, layout, quality of fittings, facilities, tenure, I think rubbish chute location is among one of the lowest priorities.
Senior
since the topic was on the chute
i merely stated that i would prefer one inside .. as it is 'amenities' to me ..
i also said 'in the same area' .. i would choose one with chute
IF in the same project ..some units have chute inside and some outside ..would you choose one with no chute ? tahts all i am saying
all else the same ..except the chute
Junior
that's to you, but not to me and proud_owner. For me I can even go as far as saying this is the single factor that can veto a project no matter how nice it is, just like multi story car parks. (btw the inverse is not automatically implied, that's what proud_owner was trying to say)so we agree to disagree ok ?
btw is there a prime area project that has the chute outside ?
Junior
Chutes outside is a HDB thing rite?
Global recession is coming....
that's to you, but not to me and proud_owner. For me I can even go as far as saying this is the single factor that can veto a project no matter how nice it is, just like multi story car parks. (btw the inverse is not automatically implied, that's what proud_owner was trying to say)
btw is there a prime area project that has the chute outside ?
Junior
WHAT???!!!???
Who would dare to "short" the property market?
Don't play play with the property market ...
Shorting the property market is like betting against inflation ... betting that a plate of Hainanese chicken rice will cost 20 cents in the year 2109.
Anyone who "shorts" the property market, even if they make some quick bucks here and there, will be killed absolutely, totally and completely, sooner or later.
Me too!
Having a rubbish chute outside is a humiliation that I will not stomach.
It's like if the developer tells you that he will give you a 50% discount off the market rate if you crawl under his legs.
He may as well tell you that the toilet is also outside.
Sorry. I have my pride.
F01 N54 Sheer Driving Pleasure
Err ... you mentioned inflation ... do you teach at NTU?WHAT???!!!???
Who would dare to "short" the property market?
Don't play play with the property market ...
Shorting the property market is like betting against inflation ... betting that a plate of Hainanese chicken rice will cost 20 cents in the year 2109.
Anyone who "shorts" the property market, even if they make some quick bucks here and there, will be killed absolutely, totally and completely, sooner or later.
'Severe asset inflation'
Melissa Tan
The Straits Times
Wednesday, 12 August 2009
Asset inflation - meaning a rise in price of assets such as stocks and property - is a possible consequence of the United States' current expansionary fiscal policy. --ST Photo: Alphonsus Chern
Singapore risks 'severe asset inflation' during the economic recovery, a local economist has warned.
But this danger can be averted if the Government acts now to control the prices of HDB flats, said Mr Paul Yip, Nanyang Technological University (NTU) associate professor of economics.
Asset inflation - meaning a rise in price of assets such as stocks and property - is a possible consequence of the United States' current expansionary fiscal policy, Professor Yip said on Tuesday.
He was speaking at an NTU symposium - on exchange rate systems and Asian macroeconomic policies - which brought together 11 macroeconomists from institutions such as Stanford University and Delhi School of Economics.
'Many people say that the property market is rebounding, but I don't think so; we are still bottoming. Recovery will be slow ... and a few years later we might have severe asset inflation, much more than the rise today,' Prof Yip said.
'So if you are a stock investor or property investor, it's very easy. Just hold your stock and shares for another three or five years - the price will climb to be much higher. But if you lose money, don't blame me,' he quipped.
Prof Yip noted that the US government has lowered interest rates and expanded its money supply in a bid to avoid a repeat of the Great Depression.
But post-recession, the government may fail to shrink the money base back to pre-downturn levels, he said. In that case, excess US dollars would flood the market.
'For Singapore, there may be an inflow of money from the US, increasing the money base and therefore the money supply... When the recovery comes, there will be wage inflation and consumer price index inflation, and this will fuel asset inflation,' he told The Straits Times.
'Rents will rise and then people will be able to charge even higher rents, causing a vicious circle,' Prof Yip said.
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