Originally Posted by teacher(eatshitndie)
Hey! Market goes up. You benefit right?
Why get so angry?
Your property value is higher now. You should be happy.
Let's smile and watch the market rise!
Originally Posted by teacher(eatshitndie)
Hey! Market goes up. You benefit right?
Why get so angry?
Your property value is higher now. You should be happy.
Let's smile and watch the market rise!
Originally Posted by teacher(eatshitndie)
Teacher OK lah!
Teacher teaches me to buy condo mah.
I bought and made some small money leh.
Wah liao! You dun like he/her to teach you, then look for another teacher lor.
But can see you need some lesson on property market leh.
I hope this condo website does not follow the direction of mycondo website that has teenagers and childish pranksters coming in. This is a condo discussion website. I hope it stays this way.
Originally Posted by hayata1972
Truly agree.
Originally Posted by Informer
What about CapitaLand?
CapitaLand has Seafront @ Meyer, Orchard Residences, etc..
30% price increase is a lot!
Originally Posted by mr funny
Don't hestitate.
Buy now!
Originally Posted by mr funny
UBS says buy.
Citigroup says buy.
Now MAS also says buy.
Let's go make some money! Hurray!
Originally Posted by joe
Still wasting time reading the reports?
Forget it! Go cheong now!
Originally Posted by teacher(eatshitndie)
Originally Posted by Geet De Clercq
Hello angry fellow:
1. The government is not worried about the red-hot property market.
2. Rising property prices are a logical consequence of good economy policies.
3. We are still a lower-cost city among the global financial centres. We are about a 1/3 of London, 40% of HongKong and about 60% of Tokyo.
4. We are not anywhere near the point of excessive price inflation in property market.
5. The government is comfortable as the mass market is not involved in the frenzy.
Congratulations! You property value is going up. Are you happy now?
"We may be witnessing the biggest real estate boom in the history of Singapore."
- Tuesday, 8 May 2007
Hong Leong has quietly soft-launched a new condo on former Eastern Mansion site and todate the development is 75% sold.
Prices range from $1,400 to $2,200 psf.
"We are considering retaining a portion in some new residential developments for rental income and capital appreciation."
- 10 May 2007
Originally Posted by Unregistered
Orchestrated your head lah!
Don't buy your head lah!
In 1st gear, you say it's too high.
Now 3rd gear already, you still say it's high.
When will it not be high for you?
When in the final ratio and hitting 300 km/h?
By then it will be really high for you lah!
You will be priced out of the market by then.
Wake up!
CAPITALAND LIMITED
(Incorporated in the Republic of Singapore)
Company Registration No.: 198900036N
ANNOUNCEMENT
_________________________________________________________________________
SALE OF UNIT IN RESIDENTIAL DEVELOPMENT PROJECT
TO AN INTERESTED PERSON
___________________________________________________________________
CapitaLand Limited ("CapitaLand") wishes to announce, pursuant to Rule 910(1) of
the Singapore Exchange Securities Trading Limited Listing Manual, that its indirect
wholly-owned subsidiary, CRL Realty Pte Ltd, has granted an option to purchase a
unit in its property project known as "The Seafront on Meyer" to Mr Liew Mun
Leong, a Director and the President & CEO of CapitaLand. Details of the proposed
sale are as follows:
Unit number
:
# 22-12
List price
:
S$2,819,000
Discount given
:
5% staff discount off the list price in line with that given
to all regular full-time confirmed staff of the CapitaLand
Group pursuant to the rules of CapitaLand Staff
Purchase Scheme
The Audit Committee of CapitaLand has reviewed and approved the proposed sale
and is satisfied that the terms thereof are fair and reasonable. The Board and Audit
Committee of CapitaLand are satisfied that the terms of the proposed sale are not
prejudicial to the interests of CapitaLand and its minority shareholders.
Mr Liew Mun Leong had abstained from the Board's review and approval of the
proposed sale.
By Order of the Board
Low Sai Choy
Company Secretary
18 May 2007
Originally Posted by LML
Wah liao! How can we fight with Mr Liew?
How many units left now ah?
is this project a good buy given all the good news in the last couple of weeks?
Just might be now that Duchess Res is asking for 2200psf and former Eastern Mans(start of Meyer Rd) may be around 1800-2200psf indicative launch...Originally Posted by Unregistered
Originally Posted by Unregistered
Meyer Road is a good buy.
Just compare Meyer condos to Duchess Residences.
You can either buy:
1. Resale (on older properties), or
2. Primary Sale or Subsale (on new properties).
It all depends on your budget and residence requirement.
For Primary sale, there are:
1. Seafront On Meyer, and
2. The upcoming HongLeong condo.
Both condos are next to ECP.
For Subsale, there are:
1. The Belvedere,
2. The View On Meyer, and
3. Meyer Residences.
(4. Seafront On Meyer).
Both The Belvedere and The View On Meyer have no blockage.
The Belvedere is next to Katong Park and ECP.
The View On Meyer is opposite Katong Park.
heard that the 4 bedrooms have been sold out yesterday except for 09-14 which will prob be sold today and only a hand ful of 3 bedrooms left. I guess people must be moving to take positions before the launch of hong leongs eastern mansion. given all the enbloc talks going ard meyer rd there must be a huge pool of potentials buyers requiring replacement units in the vincinity....
prices at seafront just increased by approx. 100psf
This is good news for its neighbour, The Belvedere.Originally Posted by Unregistered
what type of units are still avaliable here? got deferred payment?
only a handful of 3 bedrooms and more 2 bedrooms left... but moving really fast. possibly due to people making bets before the launch of amberville and eastern mansion. afterall this is on a deferred payment scheme.
Prices are still affordable for middle-income and HDB heartlanders, he says
(Edited transcript of SM Goh's interview with CNBC)
Irene Ngoo
AsiaOne
6 July 2007
Property prices in Singapore are at the "higher end" now but this does not mean a property bubble forming, said Senior Minister Goh Chok Tong.
While he noted that the property market is active, he said the government is "not too worried" and is watching the property market closely.
Mr Goh said this in an interview with CNBC, when he was asked if a property bubble seems to be forming in Singapore.
"Property bubble is short-term. I think the property market is active, but at this stage, we are not too worried. The prices are at the higher end. We watch very closely," he said in the interview, aired on CNBC today.
"Prices for the middle-income and for the HDB heartlanders … are still quite affordable for Singaporeans in general. So, my worry will be where do we go from here? It's a longer-term worry. It's not a short-term worry. It comes back to my point about talent. For Singapore to grow, you need talent, talent from Singaporeans or within Singapore and talent from outside."
Private home prices have shot up across the board in Singapore because of the property boom, robust economy and influx of foreign capital. The continuing rising trend has raised concerns that the property is getting overheated.
Estimates released by the Urban Redevelopment Authority (URA) earlier this week show that private property is on a dramatic upswing with plenty of momentum. Prices for the April to June period rose 7.9% – the biggest jump since the third quarter in 1999, when the market staged a brief recovery before sliding into a lengthy slump. The increase comes on top of a 4.8% rise in the first three months this year.
The Senior Minister said some MNCs have complained about the rising rental because of the property boom here but they are not staying away.
Mr Goh was interviewed for a CNBC special marking the 10th anniversary of the Asian financial crisis. He was then Prime Minister of Singapore when the financial meltdown swept the region, bringing several Asian economies to their knees. Singapore was not spared either, and was forced to cut 20,000 jobs, wages and CPF contributions.
Asked if rising costs could put Singapore at risk again of another crisis, SM Goh said: "I myself do not think a financial crisis is going to happen. The stock markets in Asia, of course, are very lively. Share prices are generally at an all-time high, but the banking structure is strong. In Singapore, we are resilient and have hardly any non-performing loans which we need to worry about."
"We have separated the non-financial activities of the banks from the financial activities. Banks running hotels, for example, and other non-financial activities have been taken out. So, in Singapore, we are less concerned about another financial crisis. But in the region, I think we need to watch that. But generally, my sense is that the banking industry in the region is also resilient."
SM Goh, who is chairman of the Monetary Authority of Singapore, also made this point in an earlier interview yesterday with the BBC, saying that while Singapore's buoyant stock market may suffer a correction, a financial crisis is not on the way. He also said that the government should not interfere in the stock market.
Asked again by CNBC if rising costs - not just business costs but cost of living as well - could put Singapore at a disadvantage, he said this is a worry and the government is monitoring inflation.
He added: "Costs are always a factor, but generally, you do want the standard of living of Singaporeans to go up. And a higher standard of living means more income in real terms, in the real sense. We do monitor inflation."
"Costs - we do worry. But that means you've got to move into higher value-added industries, like biomedical services and financial services, education, health and so on. We cannot be doing things which we were doing before 1997, where China and India will become much more competitive. So, costs are always important, but we are not going to allow costs to prevent us from growing. Just move into the right sector."
Has this kept any MNC from setting up base here or setting up plants here?
SM Goh said: "We are seeing quite a few of these - not so much in the manufacturing side but MNCs in the sense of international financial institutions - more wealth management, hedge funds and other such regional head offices are being set up in Singapore."
On the biggest lesson from the Asian financial crisis, Mr Goh cited having a strong financial sector as a key factor to withstand such a shock.
"We realised very much earlier that the financial industry is a global industry and, therefore, you’ve got to be more aware of what’s happening in the world and in the region, in particular. So you've got to set up, not just internally but also externally, a system of regional surveillance of the financial performances of banks outside Singapore too. In other words, it requires cooperation from other countries as well."
Just as Singapore has learnt a lesson from the financial upheaval a decade ago, he said other Asian economies are also "very much more acutely aware of the importance of bank supervision and good corporate governance."
"Our neighbours' own banking sectors - as far as you can see - are also much more resilient today than during the financial crisis or just before that."
Wow greenlight to buy seafront! buy buy buy !
was at the showflat on sunday evening, it was pretty crowded with several people buying. As for myself i am still undecided between buying here or something more affordable at esta or one amber.
Originally Posted by Unregistered
Buy neighbouring The Belvedere lah.
Same location with better view but at a much lower price.
actually belevedere is already asking for the same price as seafront. eg no view or "katong" park view units are already asking for 1350psf upwards and this is with no deferred payment. seafront no view units are also priced at 1300+psf. If i am punting on "forward prices" i will much rather buy seafront on the deferred payment scheme or take progessive payment and get a no view seafront unit at 1200+psf which is cheaper than belevedere no view units. Not to mention seafront units are more spacious than belevedere. But of course if you are going for rental yield then you will go for belevedere. Personally i will much rather go for the capital appreciation play.
Originally Posted by Unregistered
What are you comparing?
At $1,400 psf, I can get City-view (e.g. IR, The Sail, Singapore Flyer, etc.) units in The Belvedere.
At $1,400 psf, I only get no-view unit in Seafront On Meyer.
City-view means can enjoy the beautiful neon lights of the IR, The Sail, Singapore Flyer, etc. at night.
No-view means see the opposite condos along Meyer Road.
There is a difference.
KatongPark-view units in The Belvedere are priced from $1,000 to $1,300 psf.
They are definitely cheaper than the no-view units in Seafront.
Originally Posted by Unregistered
Don't talk rubbish lah.
What bigger unit?
Should Seafront price be higher than Belvedere? Yes, of course.
Is it because it has better view than Belvedere? No.
Is it because its units are bigger than Belverder? No.
is it because it is better built than Belvedere? No.
Its price should be higher because it is launched later.
Just like the new Hong Leong condo should also be priced higher than Seafront. Not because it is better, but because it is launched later.
That is the nature of the market. We just have to follow.
Please don't b.s. us saying this is bigger, that is better, etc..