Very true.Originally Posted by Reporter
I cannot think of anywhere else to put it.
Junior
Very true.
I cannot think of anywhere else to put it.
F01 N54 Sheer Driving Pleasure
Nëw hïgh of $1,130 psf for District-13 8@Woodleigh? Cool!A new high for 8@Woodleigh!
8@WOODLEIGH 450,000 398 1,130 Feb-10
F01 N54 Sheer Driving Pleasure
Punggol and Woodlands BTOs heavily oversubscribed
H88
Thursday, 25 February 2010, 12:26
Applications for the recent BTOs - Punggol Crest and Treegrove@Woodlands - have closed yesterday. 4-room applicants for the Punggol BTO will have about a 1 in 9 chance while those wanting the Woodlands BTO will get a 1 in 6 chance. Good luck guys!
F01 N54 Sheer Driving Pleasure
Property launches sooner
Joyce Teo
The Straits Times
Thursday, 25 February 2010, 6.48 pm
Property developers will bring forward property launches to satisfy demand in the sizzling residential market. -- Photo: Desmond Foo, ST
Property developers will bring forward property launches to satisfy demand in the sizzling residential market.
'Hopefully when demand is satisfied, there will be less pressure for future anti-speculative measures,' said the president of Real Estate Developers' Association of Singapore (Redas) , Mr Simon Cheong on Thursday.
This in the interest of a stable property market, he said.
Last week, the Government introduced a stamp duty which sellers have to pay if they were to sell their residential properties within a year of purchase. It also lowered the loan-to-value limit for bank loans to 80%, from 90%.
The Government said the measures were meant to temper exuberance in the property market and pre-empt a bubble from forming.
F01 N54 Sheer Driving Pleasure
购屋者反应热烈 义顺新公寓预售 逾170单位已售出
苏世鹏
联合晚报
星期四, 25-2-2010, 3.10 pm
The Estuary今早推出预售，反应热烈，公众涌到示范单位参观。-- 摄影: 潘丰源
义顺最新公寓项目The Estuary今早推出预售，反应热烈，公众涌到示范单位参观，有超过170个单位已售出。
据知，前通过房地产经纪预定的买家踊跃，已被预定的主要是1个和2个房间设计的单位。今早发展商也推出大约20个3房与4房的单位。
受访的房地产经纪指出，这个项目的优势是，80％的单位面对实里达下段蓄水池，再来是靠近卡迪地铁站和义顺体育场。
此外，义顺的新公寓项目稀少，这个在义顺1和2道交界处项目的推出，成为过去近20年在义顺登场的另一个公寓项目。
发展商MCL地产是在2008年3月，出价2亿1350万元，压倒另外四家发展商和标得建屋局推出的这幅占地约29万平方英尺的地段。
据知，发展商MCL地产自今年初便接到不少的询问，并开始接受有意在推出时选购的公众报名。
此外，在义顺一带活跃的房地产经记，也因为这个公寓项目推出在即，在那时起开始通过传单等方式和居民们接触。
F01 N54 Sheer Driving Pleasure
兀兰榜鹅新组屋 四房式申购红火
吴淑贤
联合早报
星期四, 25-2-2010
兀兰和榜鹅的两个新预购组屋（BTO）项目依旧获得公众热烈反应，尤其以四房式的申购情况最红火。
这两个项目昨天停止接受申请。截至昨天下午5时，Treegrove@Woodlands的372个四房式单位吸引2426份申请，每个单位平均有6人争购。其余的412间小型公寓以及三房式组屋同样获得超额申购，共吸引895份申请。
这意味每个单位平均有两人申购，申购情况明显不比四房式组屋踊跃。
另一个预购组屋项目Punggol Crest也获得热烈反应，270个四房式单位获得2613份申请，每个单位平均有10人申购。
同样的，240个三房式单位获得的反应一般，共吸引365份申请。二房式单位更是少人问津，240个单位仅有76份申请，意味人人都可选购组屋。
ECG公司总裁郑来明受访时说，四房式组屋有三间房间，适合想组织家庭的年轻夫妇。他们通常刚踏入社会工作不久，因而不想支付高额房贷，使得四房式最符合他们的预算及空间考量。
二三房式的家庭收入顶限也更严苛，家庭总收入分别不能超过2000元和3000元。三房优质组屋、四房式或更大型组屋的家庭总收入顶限则是8000元。
对于政府刚宣布的房地产降温措是否会影响新组屋需求，受访房地产业者认为，这些措施是针对私宅市场，对组屋市场几乎没有影响。
虽然金融机构的房贷借贷比率顶限已由原有的90%降低至80%，Dennis Wee房地产经纪行董事许家荣认为，这不会影响预购组屋需求。这是因为大部分申请者是首次购屋，因此可向建屋局贷款，依旧可获得高达90%的房价贷款。
郑来明说，这些措施可能会导致一些组屋投机者却步，他们往往买组屋不是为了自居，而是看中它的价格增长潜能。“不过，这些人本来就占少数，顶多是新组屋买主的4%左右，未必足以影响市场需求。”
雅蒂（23岁，客户服务员）昨天和男友到大巴窑建屋局中心申请兀兰的预购组屋。她说，要是能向建屋局获得足够贷款，她将申购四房式单位，为养儿育女作好准备。
雅蒂说，她和男友部不打算购买转售组屋，因为亲朋戚友都以现金溢价（COV）过高为由，鼓励他们购买新组屋。
乐龄人士苏美英（70岁）则看中兀兰的小型公寓，不过因为组屋要在四年后才完工，让她犹豫不决。她最后还是决定申购组屋，碰碰运气。
“申购组屋费用是10元，我决定先提出申请，抽中了再决定怎么样。”
她目前和儿子居住在蔡厝港的四房式组屋，但是担心往后儿子成家后空间不够，才决定申请小型公寓。
F01 N54 Sheer Driving Pleasure
US Treasury Takes Another Step On the Road to Hyperinflation
James Turk
Gold Speculator
Wednesday, 24 February 2010
The US Treasury has taken another step on the road leading to hyperinflation. It announced that it will borrow $200 billion and leave this money on deposit with the Federal Reserve. The announcement was made with bald disinformation aimed at camouflaging the true impact of this step.
The Wall Street Journal dutifully reported that taking this step “will make it easier for the Fed to raise interest rates when the time comes.” This red herring is obviously intended to make the Treasury’s overt dollar debasement appear reasonable. The WSJ statement itself is nonsensical. How can raising interest rates be made “easier” than it already is? All the Fed needs to do is pull the trigger and interest rates go up.
The Fed of course is lacking the will to do that. It may also be lacking the insight that the system is broken, but I doubt that point. The Fed must know the system is broken, but because it is a captive of vested interests who benefit enormously from the situation at present (anyone mention banker bonuses recently?), it works solely to keep the system from falling apart.
Therefore, more gimmicks and more disinformation are the order of the day, like this latest Treasury announcement, which was no doubt cooked up by the Fed. You see, the Fed has a problem. The federal government is borrowing too much. When it borrows, the federal government is soaking up savings. These savings come from throughout the world because of the dollar’s reserve currency role. But if people with savings choose not to lend to the federal government because they recognize it is in basically the same situation as Greece and every other over-indebted country, the Fed must step in. It always has and always will.
As I have mentioned before, the Fed is not there to fight inflation or encourage full employment or any of the other laudable reasons given for its existence. The true and unmentioned reason is that the Fed has one mission. It is to make sure that the federal government obtains all the dollars it wants to spend. If the federal government cannot attract these dollars from the world’s savings pool, then there is only one other way to obtain them. The Fed must print them.
The WSJ article has this point backwards too, making clear its disinformation aim. “The Treasury program makes it possible for the Fed to avoid printing more money, a step that could lead to inflation, at it develops exit strategies from its interventions.”
In reality, the Fed is actually ‘printing’ money. It is not the cash-currency we carry around in our pockets, but it is creating deposit-currency that circulates through the banking system where payments are made in commerce with checks, wire transfers, plastic cards and the like.
So the Fed is fanning inflation by creating more dollar currency, and easy money always leads to inflation. The US is now so far down the inflation road, having travelled it for decades, that it is hurtling pedal-to-the-metal toward hyperinflation.
The Wall Street Journal article: http://online.wsj.com/article/SB1000...ESecondStories
Junior
Is that why Batman and Superman comics are now worth so much?
This sounds eerily similar to another piece of news that appeared earlier this week.The Straits Times
Feb 26, 2010
Batman beats Superman
NEW YORK - POW! Take that Superman! A copy of Batman's debut in a 1939 comic book has sold for US$1.075 million (S$1.5 million), narrowly beating another huge auction this week for a Superman comic.
Heritage Auction Galleries in Dallas, Texas, said the copy of Detective Comics Number 27, which pictures Batman swooping on a villain, sold Thursday for US$1,075,500.
That beat the record price paid for a comic set just on Monday when the first issue of Action Comics to feature Superman sold for US$1 million in New York.
'The first appearance of Batman, this comic has been considered among the top books in the hobby ever since comic collecting began,' Heritage Auction said. -- AFP
The Straits Times
Feb 22, 2010
Ardmore Park unit sold for record project price
The Straits Times understands that a 2,885 sqft apartment at Ardmore Park was sold last week for $10.64 million, or $3,688 psf - a record for the project.
The previous record for the 330-unit freehold project was $10.1 million, or $3,501 psf for a unit, achieved in October 2007, according to caveats lodged.
The home with the record-breaking price is on a high floor in a premium tower with an unblocked panoramic view, said property agent Daphne Tay of Sotheby's International Realty, who part-brokered the
F01 N54 Sheer Driving Pleasure
Unit at The Trumps sold for $952 psf
The Edge
Monday, 22 February 2010
The Trumps
Recently, apartments at the 189-unit The Trumps have increasingly crossed the $800 psf level, even surpassing the 2007 peak of $896 psf. Last August, a high of $975 psf was achieved when a 1,270 sqft unit on the 16th floor sold for $1.24 million.
Located a street away from the Kembangan MRT station, the 5-year-old condominium is attractive to families with young children as it is a short drive to good schools like Victoria School and St Stephen’s Primary School as well as offices at Chai Chee Technopark. The condo is also within walking distance of the community centre and a short drive to eateries at Siglap and the East Coast Beach. Homeowners on the higher floors looking out from their full-length glass windows also enjoy a relatively unobstructed view as the neighbouring areas comprise mainly low-rise houses in the Changi, Telok Kurau and Frankel area.
The Trumps could be on the radar of homebuyers lately due to the launch of Kembangan Suites early last year. The 2 adjacent developments are separated by the Siglap park connector and a canal. Kembangan Suites is a five-storey development consisting of eight commercial units on the first floor and 60 residential units. The upcoming condo has been sold at an average of $910 psf since its launch last April, according to caveats lodged. The three latest transactions were priced between $1,065 and $1,102 psf.
Sales at The Trumps had been slow in 1H2009, hovering in the price range of $509 to $786 psf before picking up in 2H2009. From Jan 22 to 26, there were 3 transactions, priced between $885 and $952 psf, according to caveats lodged with URA Realis.
A 1,356 sqft unit on the 11th floor went for $1.2 million, or $885 psf. That represents an attractive 60% gain for the seller, who purchased the unit for $750,000 in 2006. Another unit of the same size on the 13th floor went for $1.18 million, or $870 psf. This translates into a 36% gain for the original owner, who had purchased the unit for $870,000 in April 2009. Prior to that, the unit changed hands for $759,360, or $560 psf, in 2006.
Condos in the vicinity are also enjoying an uptrend in prices. For instance, units at Astoria Park, which is located right next to the MRT station, breached the $800 psf level in December. A high of $829 psf was achieved last month, when a 1,001 sqft unit on the 8th floor was sold for $830,000.
东方
But according to my SISV search,
Unit at The Trumps sold for $952 psf
The Edge
Monday, 22 February 2010
The Trumps
Recently, apartments at the 189-unit The Trumps have increasingly crossed the $800 psf level, even surpassing the 2007 peak of $896 psf. Last August, a high of $975 psf was achieved when a 1,270 sqft unit on the 16th floor sold for $1.24 million.
Located a street away from the Kembangan MRT station, the 5-year-old condominium is attractive to families with young children as it is a short drive to good schools like Victoria School and St Stephen’s Primary School as well as offices at Chai Chee Technopark. The condo is also within walking distance of the community centre and a short drive to eateries at Siglap and the East Coast Beach. Homeowners on the higher floors looking out from their full-length glass windows also enjoy a relatively unobstructed view as the neighbouring areas comprise mainly low-rise houses in the Changi, Telok Kurau and Frankel area.
The Trumps could be on the radar of homebuyers lately due to the launch of Kembangan Suites early last year. The 2 adjacent developments are separated by the Siglap park connector and a canal. Kembangan Suites is a five-storey development consisting of eight commercial units on the first floor and 60 residential units. The upcoming condo has been sold at an average of $910 psf since its launch last April, according to caveats lodged. The three latest transactions were priced between $1,065 and $1,102 psf.
Sales at The Trumps had been slow in 1H2009, hovering in the price range of $509 to $786 psf before picking up in 2H2009. From Jan 22 to 26, there were 3 transactions, priced between $885 and $952 psf, according to caveats lodged with URA Realis.
A 1,356 sqft unit on the 11th floor went for $1.2 million, or $885 psf. That represents an attractive 60% gain for the seller, who purchased the unit for $750,000 in 2006. Another unit of the same size on the 13th floor went for $1.18 million, or $870 psf. This translates into a 36% gain for the original owner, who had purchased the unit for $870,000 in April 2009. Prior to that, the unit changed hands for $759,360, or $560 psf, in 2006.
Condos in the vicinity are also enjoying an uptrend in prices. For instance, units at Astoria Park, which is located right next to the MRT station, breached the $800 psf level in December. A high of $829 psf was achieved last month, when a 1,001 sqft unit on the 8th floor was sold for $830,000.
14 JLN MASJID KEMBANGAN SUITES 420 0 APT FH May 2009 568,000 1,352
It's 1352psf (new high for D14).
F01 N54 Sheer Driving Pleasure
Wow! A nëw hïgh of $1,352 psf for Kembangan Suites? Cool!
However, $1,352 psf is not the new high for District 14. D14's hïgh is $1,514 psf from Suites @ Guillemard.
东方
Aiyo I said before the Suites @ Guillemard is D15.
Senior
to me guillemard and geylang are synonymous...
F01 N54 Sheer Driving Pleasure
Sorry! My bad! S@G is D15. $1,352 psf is D14 record high.
Did you ever say so?
F01 N54 Sheer Driving Pleasure
Singapore Manufacturing Buoys Economy
P.R. Venkat
The Wall Street Journal
Singapore
Friday, 26 February 2010, 3.11 pm CCT/SGT
Singapore's manufacturing output rose at a record pace in January, buoyed by strong gains in the electronics and biomedical sectors, indicating that the export-dependent nation is on track toward a broad-based economic recovery.
With last month's robust numbers, the manufacturing industry is poised to be the locomotive that will fuel the recovery, with some analysts expecting the economy to hit the higher end of the official growth estimate for 2010.
Overall output expanded 39.4% from a year earlier after a revised 14.6% rise in December, the Economic Development Board's data showed Friday. The rise was much faster than a 10.3% rise predicted by the Dow Jones Newswires median poll forecast of five economists.
According to an estimate by Song Seng Wun, an economist with CIMB, January's growth was the highest since Singapore started keeping records in 1983. The last time that the sector performed near to January's pace was in February 2006, when it grew 35.6%.
"It's a great start for the year and shows that global demand is picking up," Song said.
The city-state was among the first Asian economies to enter into recession during the second quarter of 2008 and staged a rebound in the second quarter of 2009, responding to stimulus packages unveiled by the Singapore government and elsewhere around the world. In 2009, as a whole the economy fell only 2%, better than a 9% contraction the government had projected during the peak of the global recession.
For the whole of 2010, the government expects the economy to expand between 4.5% and 6.5%, with some economists expecting a surprise on the upside.
"The sensational January industrial production numbers suggest that the manufacturing sector could see a very strong rebound in first quarter of 2010, even if we factor in a slowdown in February's manufacturing due to the Lunar New Year effect," said Alvin Liew, an economist with Standard Chartered Bank.
While Liew expects the first-quarter gross domestic product to grow 7.3% on year, Song's forecast is for a 12% expansion.
The latest data showed that electronics output surged 80.6% on year, after rising 58.4% in December, due to stronger demand and weak numbers a year earlier.
During the month, the sector saw increased demand for chips used in consumer electronics. The semiconductor segment posted the largest gain, with output more than doubling.
Output from the biomedical sector rose 48.4% due to a 51.1% rise in pharmaceuticals output, attributed to a higher production of "active" pharmaceutical ingredients.
Singapore's pharmaceuticals sector is dominated by a small number of firms, and output can vary significantly when plants change product lineups or close for maintenance.
Manufacturing output excluding the biomedical sector increased by 36.2%. The transport engineering sector's output fell 13.4% due to weaker output from the aerospace segment as well as the marine and offshore segments.
Seasonally adjusted manufacturing output rose 11.8% from a month earlier, compared with a revised 13.4% rise in December. The median forecast of economists was for a 2.0% drop in seasonally adjusted terms.
Output in the chemicals sector was up 17.8% on year and that of precision-engineering sector was up 37.4% in January.
东方
Ya I did. In the PSF Who's Who thread.
F01 N54 Sheer Driving Pleasure
Yes, you did. I forgot.
F01 N54 Sheer Driving Pleasure
Nëw hïghs from District 9:
1. The Cosmopolitan: $1,950 psf
2. The Pier at Robertson: $1,917 psf
Newbie
Wow, so many new highs... good news for current owners and developers. No wonder they are in a hurry to launch their new developments. Launch first, take profit and worry later. No more land bank? Then all bid for land at high prices and the cycle continues.
The long term trend line is a upward curve and can only be a upward curve if the country is to prosper. However, there will be kinks along the way... it is time to HOLD when it is at a low and time to SELL when it is at a high... That's how to make a living out of buying and selling properties.
Of course if you don't make a living out of buying and selling properties, you can collect properties like collecting stamps... FH sell as LH, LH price high and rent out the unsold units. Rental price high so people will buy or LH... it is basically controlling the Supply ... you must be really big enough and strong enough financially before you can do that.
Junior
That's music to the ears!
The Government is trying to even out the kinks so that the curve will be smoother (like the blue one below).
Not necessary have to be as big and strong as FEO in order to do that.Of course if you don't make a living out of buying and selling properties, you can collect properties like collecting stamps... FH sell as LH, LH price high and rent out the unsold units. Rental price high so people will buy or LH... it is basically controlling the Supply ... you must be really big enough and strong enough financially before you can do that.
I'm also doing that.
Anyone can practice PROPERTISM !!!
Propertism Rule No. 1 - Properties should only be bought. Not sold. Unless through En Bloc, then quickly buy a replacement property. Property prices will always go up in the long term simply because paper money will eventually lose all its value.
F01 N54 Sheer Driving Pleasure
Fresh curbs not stopping property buyers
Over 300 of 350 released Estuary units snapped up in the wake of new anti-speculation rules
Leonard Lim
The Sunday Times
Sunday, 28 February 2010
The Estuary condo in Yishun is the first major property launch since government measures to curb speculation were announced last week. The 99-year leasehold condo's showflat saw a steady stream of visitors yesterday. -- Photo: Ng SorLuan, ST
They came, they saw, they bought.
As of yesterday, more than 300 of about 350 units in The Estuary condominium that were released for sale have been snapped up.
The MCL Land project in Yishun is the first major property launch since measures were announced by the Government last week to curb speculation.
These were: stamp duty to be paid if the buyer sells the property within a year, and lending institutions allowed to lend only up to 80% of the property's value, not 90%.
Yesterday, more than 80 pairs of shoes were seen outside The Estuary's showflat when The Sunday Times visited at 1.30pm.
The number increased steadily to more than 100 pairs by 2pm as people came to check out the 99-year leasehold condo.
Most were families with young children or young couples, lured by the condo's proximity to Lower Seletar Reservoir and attractive prices of about $750 psf.
Inside, all the 15 tables set aside for prospective buyers were filled most of the afternoon.
Sales of the 350 released units began last week. The project has 608 units - comprising 1-, 2-, 3- and 4-bedroom types.
'It's been encouraging so far despite the measures,' said an MCL Land staff member, noting that demand was evenly distributed across the various apartment types.
'At first, there was more interest in the 1-bedroom units but when the measures were announced, this died off a little.'
1- and 2-bedroom units have usually been popular among speculators at launches over the past year. They make up nearly 40% of units in The Estuary, which is near Khatib MRT station.
Small apartments have been targets for speculators because the lump-sum outlay is relatively more affordable.
The Government's measures to curb excesses have come at the right time, said Madam Angie Ng who bought a 3-bedroom unit at The Estuary for about $930,000 yesterday.
'I'm relieved actually. We were waiting for this launch and then the measures came. That'll help curb speculators and prices won't be jacked up,' she said.
Madam Ng, 36, who works in the banking industry, is married with 2 children and lives in a 5-room flat in Yishun.
Property agents said The Estuary's relatively distant location from the city also meant it might not be as attractive for speculators.
The prices were the key lure for the buyers, about 70% of whom live nearby in Woodlands and Marsiling.
'For upcoming projects in Singapore, the prices are at least $900 psf,' said ERA agent Shayne Lim, 34, noting that prices have even reached $1,200 psf in Ang Mo Kio.
'And there hasn't been a new condo in the Yishun area for over 10 years,' she said of the good buying response.
People in the real estate sector will also be monitoring sales at another condo - Vision@West Coast - which is set to be launched soon.
Located on West Coast Highway, the 99-year leasehold development has 281 apartments and 14 strata houses. Sizes start at about 800 sqft for a 2-bedroom unit and rise to 5,000 sqft for the strata houses.
'Demand should be strong as the location also boasts sea views,' predicted property agent Jimmy Tan.
The asking price for the project, he added, could be around $1,100 psf.
F01 N54 Sheer Driving Pleasure
Finally, Marina Bay Residences' owners can get their long-needed break.MBR stack 10 just done 2980psf.
So far think MBR this is the highest done this year.
My #4x-10 can sell 3500psf already
$2,980 psf will just do that.
F01 N54 Sheer Driving Pleasure
Oh my! Not again!I regretted asking "can going-8-year-old Sapphire break $600 psf soon" on 11 February 2010. My question was answered 2 weeks later.
Anyway, what a pair of going-8-year-old condos!
Emerald and Sapphire set nëw hïghs of $632 psf and $628 psf respectively!
Yishun Emerald
Address .......................... psf ............ Area ........... Price ......... Contract Date
22 Canberra Drive #12-06 .... $632 psf .... 1,001 sqft .... $633,000 .... 1 Feb 10
Yishun Sapphire
Address .......................... psf ............ Area ........... Price ......... Contract Date
50 Canberra Drive #14-17 .... $628 psf .... 1,163 sqft .... $730,000 .... 29 Jan 10
Going-8-year-old Yishun Emerald and Yishun Sapphire in District 27 have hit nëw hïghs of $632 psf and $628 psf respectively!
F01 N54 Sheer Driving Pleasure
Another District 9 ... another nëw hïgh ...
F01 N54 Sheer Driving Pleasure
Wen JiaBao Promises To Kill Bubbles While Supporting Asset Prices
Vincent Fernando
Business Insider
Monday, 1 March 2010
One wonders if the Chinese government is setting its citizens expectations dangerously high right now.
According to Xinhua, Wen Jiabao staged a chat with Chinese 'netizens' whereby he promised to keep inflation under control and prevent a housing bubble.
Thing is, we're pretty sure that the government is expected to support housing values and stock markets at the same time. While keeping the yuan pegged at a competitive rate vs. the dollar of course.
Obviously China has gotten away with setting pretty high economic expectations for quite some time already, but it seems as if almost every economic variable is now expected to be under the deliberate control of the government.
This is great for public relations while the economy is humming along, but one as to wonder if these government economic guarantees will one day come back to bite, hard. Maybe they should learn the importance of 'under-promising, over-delivering' rather than over-promising and then simply hoping for the best.
F01 N54 Sheer Driving Pleasure
Some numbers for you to consider when you want to donate money to Singapore Pools this weekend.
F01 N54 Sheer Driving Pleasure
... action from an older condo in District 22 ...
F01 N54 Sheer Driving Pleasure
Northwood, Seletaris and Euphony Gardens from District 27 too.
东方
It is almost a given, today, that no new launches will be below 1200psf for 1 bedder (freehold).
F01 N54 Sheer Driving Pleasure
Sorry! My bad!
The hïgh for almost-1-year-old Northwood is $743 psf - not $720 psf.
Posting Permissions
Reply With Quote
