So is oil. Buy oil related commodity ETF.Originally Posted by Geylang OKT
Buy!
Property is an excellent hedge against inflation!
Newbie
So is oil. Buy oil related commodity ETF.Buy!
Property is an excellent hedge against inflation!
Newbie
if there r hot möney, it will go to us mkt 1st. For us0.5m u get a pigeon hole in sg at historic peak price vs a nice hse in california at 50pct of peak. No rocket science, jus common sense.
Newbie
I won't call this price manipulators. It could be father to son or family-related transaction and they are probably trying to minimize stamp duty that they need to pay but yet without putting too low a transacted price otherwise it is too obvious and IRAS will come after them.
[quote=JohnTan]Don't believe you can get 20% to 30% lower than asking. 10% lower may be in a falling market but not a rising market like now. Current transactions most likely will be at about asking price. I recently seen 2 units in an estate being sold lower than last transacted price and yet these units are on much higher floor and 1 unit is the best stack in the estate as compared to the transacted unit being on lower floor and poorer facing. People may just point to the transacted price and say that prices have dropped. If they know what is behind then they will know that these 2 units are private transactions owned by the same owner and not listed publicly for sale. There is no way anybody out there can buy at such price.
Care to share which development has these kind of price manipulators?
Last edited by melodies; 16-08-09 at 22:37.
Newbie
(deleted. duplicate).
Last edited by melodies; 16-08-09 at 22:37.
Newbie
- new york? Florida? Nevada? Choices aplenty. Jus bcos u r vested doesnt mean sg is the best. Sg got no risk? Rem we r surrounded by ppl that r very diff fm majority of singaporean.
Junior
The concept of "value" cannot be evaluated using either "rocket science" or "common sense".
Once everyone else can afford to stay in such "nice houses", then these house are no longer "nice".
Global recession is coming....
Choices aplenty yes, but which one offer absolute safety and good education for the rich & their offsprings? There are so many choices for Jim Rogers but he choose to settle in Singapore. There are also so many choices for Jet Li but he also choose to buy a bungalow and settle his family in Singapore. There are many many other such cases. What do they tell us? They are not bothered by those surrounding us being different people, but they are more bothered with the earth quakes, typoons, natural disasters, and some mad men carrying gun and go happy-merry shooting everyone that they see in other countries.
Global recession is coming....
Not appropriate for me to name the condo exactly, but hint hint (this condo is near United Square).
We can't say they are price manipulators because they are just involved in the 1 or 2 transactions anyway, but it may affect somewhat the valuation in the estate since valuers just look at past transacted prices. Because of this, the other open market transacted prices become depressed as well. So such condo units are quite a bargain now, vs Viva of >$1450 psf-$1700 psf. Mind you, if anybody can accept Viva, then this condo is actually more conveniently located than Viva and high floors have better view than any unit in Viva (Viva will ultimately be all blocked with no far-away view once those new condos around it start coming up one by one).
[quote=JohnTan]Don't believe you can get 20% to 30% lower than asking. 10% lower may be in a falling market but not a rising market like now. Current transactions most likely will be at about asking price. I recently seen 2 units in an estate being sold lower than last transacted price and yet these units are on much higher floor and 1 unit is the best stack in the estate as compared to the transacted unit being on lower floor and poorer facing. People may just point to the transacted price and say that prices have dropped. If they know what is behind then they will know that these 2 units are private transactions owned by the same owner and not listed publicly for sale. There is no way anybody out there can buy at such price.
Care to share which development has these kind of price manipulators?
Last edited by teddybear; 17-08-09 at 09:27.
Junior
Safety is one, another consideration of theirs is Singapore offers an environment to train bi-lingual (English + Mandarin) talents e.g. you can speak Mandarin to mainland Chinese, Malaysians and Taiwanese and English to the rest ...
Newbie
Not sure if I agree that Viva will ultimately be blocked since there is only thomson road on right and thomson park playground in front of it. Viva will block PI for sure. These only new condos coming up are Lucida behind suffolk walk, Lincoln Suites next to USQ. Very surprised Lucida dropped from a peak of $1700 to $1200. But then again this is next to CTE;-)Not appropriate for me to name the condo exactly, but hint hint (this condo is near United Square).
We can't say they are price manipulators because they are just involved in the 1 or 2 transactions anyway, but it may affect somewhat the valuation in the estate since valuers just look at past transacted prices. Because of this, the other open market transacted prices become depressed as well. So such condo units are quite a bargain now, vs Viva of >$1450 psf-$1700 psf. Mind you, if anybody can accept Viva, then this condo is actually more conveniently located than Viva and high floors have better view than any unit in Viva (Viva will ultimately be all blocked with no far-away view once those new condos around it start coming up one by one).
Global recession is coming....
If you look very carefully, Viva is designed such that the south facing facade overseeing Istana is solid wall (no view). Those facing Thomson Road must be above probably 20th level to have some view of Kallang Basin (but further to the left will be totally blocked by Strata, Thomson Euro-Asia, and Novena Square). However, there is still an empty plot of land in front of Viva (belonging to FEO) which will ultimately have a new condo of same height as Viva coming up. So, ultimately, either the view is totally blocked or only very small pocket of far-away view due to gap between the buildings (which is even worse because bad fengshui).
Newbie
[quote=teddybear]Not appropriate for me to name the condo exactly, but hint hint (this condo is near United Square).
We can't say they are price manipulators because they are just involved in the 1 or 2 transactions anyway, but it may affect somewhat the valuation in the estate since valuers just look at past transacted prices. Because of this, the other open market transacted prices become depressed as well. So such condo units are quite a bargain now, vs Viva of >$1450 psf-$1700 psf. Mind you, if anybody can accept Viva, then this condo is actually more conveniently located than Viva and high floors have better view than any unit in Viva (Viva will ultimately be all blocked with no far-away view once those new condos around it start coming up one by one).
People want to offload then do private deal even for 1 or 2 transactions. It affects valuation, isn't that a form of manipultation? Not complaining, and am not surprised cos I know it is happening even for new launches and have seen ura transactions at ridiculously high or low prices.
Just want to know the happenings on the ground. Thanks, I will go check out the condo near United Square!
Newbie
I am quite impressed by jet li and folks in town..
but also we are surrounded by a sea of politcally unstable countries, population 100x times of singapore, of different culture, eyeing Singapore like a hungry wolf... rem "red dot" from habibie and war threats from mahathir? same things may happen again.. it's rosy now all is happy, but things can turn ugly quickly... and just to be aware of the risks & also there are other opportunities elsewhere too..
Last edited by hovivi; 17-08-09 at 22:42.
Global recession is coming....
Those the like of Jet Li, Jim Rogers etc have many advisers to advice them and they still deemed Singapore good enough, so you think Singapore no good? No problem with that for us, since you can emigrate to other countries right if you think Singapore not good enough. We are aware of the risks, but the risks elsewhere is deemed to be higher than in Singapore (vs the like of even US).
F01 N54 Sheer Driving Pleasure
... but but but ... we do need rocket science to understand why Jet Li, who is based in Hollywood for quite a while, did not choose to settle down in California.
Or is that common sense that make Jet Li came here?
I wonder.
Senior
for a star studded place like USA california .. who is Jet Li ?
but star hungry singapore will take any star ..bright or dim , up and coming, or sunset boulevard old hack ...
which up and coming star wants to live here ???
every wonder why Air Supply..old man band ..still come to singapore almost every other years ?
cos we are a bunch of suckers ... still worship them
F01 N54 Sheer Driving Pleasure
China sticks to loose policy
Reuters
Beijing, China
Friday, 30 October 2009
China will stick to an appropriately loose monetary policy, central bank governor Zhou Xiaochuan said on Friday.
Mr Zhou was speaking in Shenzhen at the launch of China's ChiNext stock market, a long-awaited Nasdaq-style second board.
His remarks were relayed by several Chinese news portals.
The State Council, China's cabinet, earlier this month reaffirmed China's moderately accommodative monetary stance and active fiscal policy even though it said the economy was now on a more solid footing.
F01 N54 Sheer Driving Pleasure
With all these governments continuing with their "loose" monetary policies, how can we not have "severe asset inflation"?
F01 N54 Sheer Driving Pleasure
World Not Headed for Double-Dip: Singapore Leader
CNBC
Friday, 6 November 2009, 10:52 AM CCT
Singapore PM: APEC's Agenda is Economic Growth
This year APEC is more focused on economics, growth and free trade rather than counter terrorism and natural disasters, says Singapore's Prime Minister, Lee Hsien Loong, speaking to CNBC's Martin Soong.
The world economy is not headed for a double-dip recession, according to Singapore Prime Minister Lee Hsien Loong, but he does not expect a dramatic recovery.
In an interview with CNBC, Mr. Lee said that while the economic conditions globally have stabilized, more needs to be done to stimulate growth.
"US consumers have to save more and spend less," Mr. Lee said, "And the U.S. government also has to save more and spend less which I think is going to very difficult to do. And that is a macro adjustment which is necessary."
"At the same time, on the Asian side, economies like China have to stimulate their domestic demand," Mr. Lee added.
Prime Minister Lee said the 3.5% third-quarter GDP growth rate logged by the U.S. economy is a decent figure, but the key challenge will be whether the world's biggest economy can sustain the growth.
"The question is whether it can be sustain beyond the government stimulus, because (when) you've pumped so much money in, it is bound to show up somewhere in the GDP numbers," Mr. Lee said. "But beyond that, can you have self sustaining prosperity?"
Mr. Lee said that Singapore's exports - a key driver of the country's economy - have bounced back, even the comeback is not spectacular.
"It (export sector) depends a lot on the U.S., although we trade a lot with China, the ultimate market is really the United States," Mr. Lee said.
Singapore, which will host next week's APEC summit, is trying to push forward the free trade agenda, believing open markets are a win-win situation for all.
Prime Minister Lee said the talks will focus on measures to stimulate further recovery in the global economy as well as Asia-Pacific's role in boosting trade.
"Asia Pacific is a major part of the world economy. It has half the GDP of the world and 10 of the G20 members are APEC members. And if we can work together to sustain growth in the region, which is the theme of the APEC conference this year, then I think it makes a big difference to the world economy," Mr. Lee said.
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