Don't think I can be fooled into buying your D22 property. Sour grape cant sell and so talking up the market in the hope of finding a buyer.Originally Posted by Unregistered
Don't think I can be fooled into buying your D22 property. Sour grape cant sell and so talking up the market in the hope of finding a buyer.Originally Posted by Unregistered
What D22?Originally Posted by Unregistered
D24 lah. Selling in Geyland and Rochor.
I thought D22 is where all the sour grapes stay?Originally Posted by Unregistered
The Seaview at Tuas.
The sour grapes are so sour because property prices in other parts of Singapore have gone up so much, but D22 had gone up so little.
But then sour grapes are still better off than the ghosts in D24 (Lim Chu Kang cemetery).
That district 24, the price didn't go up at all. Or maybe it went up in "Hell" currency that's why the data was not captured by the URA.
So sour grapes are still slightly better off compared to ghosts.
Sour grapes are the second lowest class of citizen in Singapore.
Don't mix property district with durian leh.Originally Posted by Unregistered
No lah. Haven't reached 1996 level yet lah.
Interesting analysis from Singapore expat forum. What do you guys say? Any views?
Originally Posted by Unregistered
I have some questions for Mr. Hong Kong Property Analyst, can you be my "messenger" as well.Originally Posted by Messenger
#1. ChannelNewsAsia on 27 February 2008 reported that "Last year, Singapore saw over 63,000 new PRs, an 11-per-cent increase from 2006; and the city-state also welcomed more than 17,000 new citizens, a 30-per-cent jump."
Every year, we have 63,000 + 17,000 = 80,000 new immigrants, that is not including foreigners who come here on employment pass (but not taking up citizenships or PRs).
What do you mean "no demand for housing"? May I know where these 80,000 people are going to stay? Inside the canals?
In case you are not familiar with Singapore, here is the news URL to our government broadcasting station regarding the news I quoted above.
http://www.channelnewsasia.com/stori...331492/1/.html
#2. ChannelNewsAsia reported on 10 August 2007 that Singapore's "Financial services expanded by 17 per cent in the second quarter, up from 14 per cent growth in the first quarter, while the construction sector grew by 18 per cent, the strongest growth in almost 10 years. Growth in the manufacturing sector picked up pace to 8.3 per cent."
No matter how I calculate, I don't know how you arrived at the figure that "growth was 99% construction related."?
In case you are not familiar with Singapore, here is the news URL to our government broadcasting station regarding the news I quoted above.
http://www.channelnewsasia.com/stori...293171/1/.html
#3. You said "The existing luxury housing vacancy levels in Singapore were adequate to fill the needs of Singaporeans and any possible influx of new senior executives for the next 5 years. Thus, there was no demand for executive luxury housing in the market."
Then may I ask you what about this person called Jet Li?
Your Hong Kong magazine wrote "Actor Jet Li moved to Singapore last year for his daughters’ education, reported Hong Kong’s Next Magazine recently ... he bought a S$7mil (RM16.1mil) unit at nearby Ardmore Park condominium."
Is Jet Li a "senior executive" from some Multinational Company? Must luxury housing be only for "senior executives"?
Is Jet Li's purchase of Armore Park luxury condominium illegal? Since he is not a "senior executive"?
#4. Can you explain why our "projected growth of economy" is no good?
A MasterCard International survey showed that"Being often touted recently as the next unexplored, potential-filled Asian emerging economy, Vietnam unsurprisingly registered, among the 13 nations surveyed, the highest score of 94.3 points in the MasterIndex of Consumer Confidence (MCC), which ranges from 0 to 100 points, with Taiwan posting the lowest at 29.7 points. Hong Kong came in second position with a score of 85.9 points, closely followed by China and Singapore, which posted 85.5 and 83.6 points, respectively." http://news.cens.com/cens/html/en/ne...ner_22113.html
Singapore is ranked fourth, after Vietnam (94.3 points), Hong Kong (85.9 points), China (85.5 points) and Singapore (83.6 points).
Singapore is ranked 4th and just 2.3 points behind Hong Kong as the next unexplored, potential-filled Asian emerging economy, why is that considered "no good"?
#4 (You've got two points #4 and this is the second one) You said "Non of these new inhabitants will be buying or renting condo's, especially in the high-end."
Then what about Dr. Sudhir Gupta, "Born in India, moved to Russia to get Ph.D. in agricultural chemistry. Started tire company in Moscow ... Escaped assassination attempt in Moscow 4 years ago; now shuttles between that city and Singapore, where he's a citizen.
http://www.forbes.com/lists/2006/79/...upta_AHUD.html
He bought a luxury bungalow at Binjai Park for $12.55 million and 22 apartments, including the 63rd-storey penthouse, in the second tower of The Sail @ Marina Bay condo for a total $31 million.
Aren't these properties considered "high end", can you define what is meant by "high end"?
#5. I don't understand your this statement at all "Singapore is not a supply/demand driven economy. It is a small, managed economy. Thus, the property development plans were lofty, risky, and not based on future real supply/demand realities."
This statement totally confounds me so I need you to explain what you mean?
#6. Why do you say that Singapore lacks "real, transparent, objective information available"?
According to Jones Lang LaSelle report on Global Real Estates Transparency, "Highly Transparent countries for the first time in 2006 are Hong Kong, Sweden, France and Singapore, each having jumped to Tier 1 from Tier 2 since the 2004 survey."
http://www.joneslanglasalle.com/en-G...kets+Trans.htm
Singapore and Hong Kong both have been promoted from Tier 2 to Tier 1 as "Highly Transparent Countries", together with Sweden and France.
So can you please explain your statement "There is a lack of real, transparent, objective information available in the Singapore market about the Singapore market."?
#7. You predicted that "Global money supplies and markets are taking a beating and will continue to take a beating. The second call on the sub prime products happens this June so more big losses are expected. This will stall or even damage the Singapore economy."
I want to ask, if you are so good at predicting, then last June (just before the sub-prime) did you go short-sell USD100 billion worth of US stock futures contracts through leveraged margin-trading account? Especially short Bear-Stearns shares, then you would be a multi-billionaire by now.
Then why are you still working as a "Asia property analyst for a small successful private investment bank."?
The 8th sign is the loud thuds heard due to speculators jumping off high rises.Originally Posted by Unregistered
But Novena still lags the market. In fact, the latest Q108 numbers show that Novena area appreciate the LEAST. I think the hospital hub image is bad.Originally Posted by Unregistered
The chart not accurate one. Since when is D23 median price between 1000 to 1500 psf? Something wrong with the chart lah.
Originally Posted by Unregistered
How can you be so cruel ? Are you no longer human?Originally Posted by Unregistered
Agree this kinda of cruel remark is unwarranted.
There's nothing wrong with being a medical hub. You need time for buyers to see Novena/Newton as an alternative to Orchard.Originally Posted by Unregistered
not enough done to promote the areaOriginally Posted by Unregistered
Originally Posted by UnregisteredCan anyone enlighten me where this "cruel" person is from?Originally Posted by blackjack21trader
At first I thought that all these sour grapes are from outlying areas like Jurong.
But now even the Jurong area is going to get redeveloped, there shouldn't be any sour grapes left in this forum.
Yet this person is so "sour" and "cruel".
Which part of Singapore he stays? I can't think of any area.
Jurong is the last frontier.
Your eyesores on sour grapes is a great sense of humour. Continue thinking and let us know.Originally Posted by Unregistered
No. A robot.Originally Posted by blackjack21trader
Sour and cruel are those speculators who drive up the market and add to secondary inflation. They do not add to economic growth but make life diffiicult for the toiling ordinary folks.
So the Robin Hoods cheer when they see justice.
You are talking about speculators in private condo market right?Originally Posted by Unregistered
You are talking about the toiling ordinary folks staying in public flats right?
Oh you sour grape. Price falling and u stuck stuck. Jurong lake not deep enogh for you to jump. Speculators panicking rushing to the exits. All exits blocked. Huge jam there. Trampling stampede. oh my my. In between thuds heard. But softer since those jumping off high rises land on fleeing specualtors. Blood blood. Oh poor speculators.Originally Posted by Unregistered
Originally Posted by Unregistered
Nothing wrong at all, i still remember the times that those heros at the TTSH had gone through during the SARS period. Salute to these Unsung Heros.
Then can you explain why the URA residential price index still rose 4.2% in Q1 2008?Originally Posted by Unregistered
You sour grapes have been predicting "rush for exits" since the sub prime problem started around July last year.
Reminder. Now is April 2008, in another three months we're going to celebrate 1st anniversay of sub prime.
That means you sour grapes have been saying the "crash" for almost one anniversary already ...
No corelation leh.Originally Posted by Unregistered
Originally Posted by UnregisteredThat's mean he is talking rubbish lor!Originally Posted by Unregistered
Maddog/tigersee won't explain one lah. He has been shouting baseless "down down down" for almost a year now.Originally Posted by Unregistered
Ignore maddog/tigersee, that foreigner.Originally Posted by Unregistered
A robot who is programmed to be a sour grape?Originally Posted by Unregistered
MRT service disruptedOriginally Posted by Unregistered
Singaporeans once again faced MRT service disruption as they headed for work this Monday morning, when a man was found dead on the train track at the Choa Chu Kang MRT Station.
Police received a call at 8 am that a man had fallen onto the track. The man, a Chinese in his mid-40s, was pronounced dead at 8.30 am.
A portion of the North-South line was affected. According to signs flashed at MRT stations, there was no train service from Yew Tee station to Bukit Gombak station towards Jurong East station.
Trains running on this line had to turn around.
SMRT deployed a dozen buses to the station to bring the stranded commuters to the connecting stations shortly after 8 am.
Normal train services resumed at about 8.50 am after the body of the man was removed from the track.
A shopkeeper in the station said he heard commuters saying that the man had jumped onto the track.
Singapore Civil Defence Force and Singapore Police Force personnel were seen at the scene, which has been cordoned off. Police are now investigating the case
Oh so serious?Originally Posted by Unregistered
Originally Posted by UnregisteredCan't believe people can be so heartless and crack joke on the dead!Originally Posted by Unregistered