economy recovery, how confidence are you?
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Originally posted by noahnoah:
crisis or no crisis
things will not be cheap anyway
Cai png still cost more then 2 dollars
Crisis or no Crisis
No need to eat?
No need to Sleep?
No need to think?
No need to go out ar?
Life will be still as per normal
while as property goes up, commission and fees also rise, so what is more than 2 dollars make any difference for a property agent..unless you are those chao ka or good for nothing agent.for years, or even decades, which citizen do not complain about cost of living, from independent till now, up or now in the economy, Uncles and Aunties are alway complaining this and that,,,..and life still goes on.
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Originally posted by Arapahoe:
who is prettier?
huh...of course me lah
wha lau, u blind ar? -
Originally posted by Arapahoe:
who is prettier?Some eye candy for you.
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Originally posted by angel3070:
so sorry i have no idea who this person is?
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No, you are wrong, USA will not be the market of the future, our govt are not that stupid to get burnt again by another Madoff or Maddog.......or another lemon brothers, u need to learn your lesson. The paradigm shift is needed, we will say that USA can still be a main contributor to our economy, but not as much as before the crisis, with our foreign ministry making visit to a few asian places, you should know that the govt are trying to diversify it economy interest in a more flexible and liquitable way rather than just depending on USA ya.
very optimistic view SS angel. what drive our economy now, manufacturing and biomedical. do you think singapore will ever be able to consume that qty to generate enough of that GDP to replace manfacturing. maybe u can eat more medicine so that that can sell more to local market.
services/tourism? also depend on asian tourist right? where japan? korea? china? are they not depended on USA? no horse run u know.
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while as property goes up, commission and fees also rise, so what is more than 2 dollars make any difference for a property agent..unless you are those chao ka or good for nothing agent.
how sure r u the property sector has turn the corner.
how many cases do you see property continue to grow in a recession economy? this could be a bubble in the making.
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Originally posted by reyes:
how sure r u the property sector has turn the corner.
how many cases do you see property continue to grow in a recession economy? this could be a bubble in the making.
Property price rises in part due to hot money in the market that contributed by speculative it is not reflective of "growth" As these money do not necessary channel to wage gain. -
Originally posted by reyes:
how sure r u the property sector has turn the corner.
how many cases do you see property continue to grow in a recession economy? this could be a bubble in the making.
hello hitler, my fuhrer, my satan,Do u know basis of property booming during a recession, because pple who have money will channel to a safer and long term product than into stock markets, and some are those who had lost, withdrew and redirect their financial portfolio into property, that is the basis of why property boomed. It will bubble, no doubt about it, but as long as you can change hand fast enuf, you gain. Today property boom is unlike another boom of the past, because nearly 1/3 of the buyers are foreigners with hard cold cash in hand, it is not like local going into loan and later find themselve unable to cope up with the loan and crippled into force selling whereby the bubble exploded.
How much land do singapore have do build property, even if you bought a property and goes bubble, you can still hold on to it and wait of the next cyclical downturn to sell,..u also make money, buying property in Singapore can hardly loose money if you hv a long vision or extra cash. The increment are more than 100%, HDB alone from 10 years back price can be double or more now.
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Originally posted by angel7030:
hello hitler, my fuhrer, my satan,Do u know basis of property booming during a recession, because pple who have money will channel to a safer and long term product than into stock markets, and some are those who had lost, withdrew and redirect their financial portfolio into property, that is the basis of why property boomed. It will bubble, no doubt about it, but as long as you can change hand fast enuf, you gain. Today property boom is unlike another boom of the past, because nearly 1/3 of the buyers are foreigners with hard cold cash in hand, it is not like local going into loan and later find themselve unable to cope up with the loan and crippled into force selling whereby the bubble exploded.
How much land do singapore have do build property, even if you bought a property and goes bubble, you can still hold on to it and wait of the next cyclical downturn to sell,..u also make money, buying property in Singapore can hardly loose money if you hv a long vision or extra cash. The increment are more than 100%, HDB alone from 10 years back price can be double or more now.
that is wat everyone think.....
never heard of stories where ppl get burn in property?
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Originally posted by reyes:
very optimistic view SS angel. what drive our economy now, manufacturing and biomedical. do you think singapore will ever be able to consume that qty to generate enough of that GDP to replace manfacturing. maybe u can eat more medicine so that that can sell more to local market.
services/tourism? also depend on asian tourist right? where japan? korea? china? are they not depended on USA? no horse run u know.
well, as an investor, he/she needs be optimistic, otherwise, might as well keep inside my piggy bank. As i posted, USA is still the biggest contributor to our economy, it is only this time that we see a down in USA due some mismanaged funds leading to finanicial crisis that affect the global. Are not we suppose to go back to the drawing board and look at the situation to diversify our portfolios of investment so that we do not put the whole chunk into the USA alone. Even if UOB or DBS shares are up, i am not going to put my whole sum into it,..i need to diversify some so as to be prudent and reduce my risk.
Manufacturing had alway been our main contributor to GDP growth, but it had gone down tremendously, therefore we have to relook at what kind of manufacturing we need attract, my take will be high end product that most of these third world countries are unable to produce or with poor qualities. I would say that what drives our GDP, firstly, we must good infrastructure and more importanly, a good asset of Human Resources, if you have these main assets, be it manufacturing, biotech, services, financial, IT, enginneering, logistic services etc etc..u will be the winner
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Manufacturing had alway been our main contributor to GDP growth, but it had gone down tremendously, therefore we have to relook at what kind of manufacturing we need attract, my take will be high end product that most of these third world countries are unable to produce or with poor qualities. I would say that what drives our GDP, firstly, we must good infrastructure and more importanly, a good asset of Human Resources, if you have these main assets, be it manufacturing, biotech, services, financial, IT, enginneering, logistic services etc etc..u will be the winner
a textbook style scenerio u r painting. what u r saying are not new. arent we already in that stage of the economy you are mentioning now? do you still see labour intensive in singapore? of coz you cant expect a clubbers be serve a drink by a robot dont you?
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Do u know basis of property booming during a recession, because pple who have money will channel to a safer and long term product than into stock markets, and some are those who had lost, withdrew and redirect their financial portfolio into property, that is the basis of why property boomed. It will bubble, no doubt about it, but as long as you can change hand fast enuf, you gain. Today property boom is unlike another boom of the past, because nearly 1/3 of the buyers are foreigners with hard cold cash in hand, it is not like local going into loan and later find themselve unable to cope up with the loan and crippled into force selling whereby the bubble exploded.
The problems is, the stock market has not burst, the housing market are raising, it has high possibility of asset bubble due to low interest rate offer by banks, speculators, foreigners and domestic alike. how low a interest will bank commit? how will govt react if real asset price raise too fast before the real income? are govt going to let inflation go beyond control?
what u say about changing hands fast enough is already a bubble asset in the brewing. arent you contridicting of what u say? that means most of the buyers are here to make a quick buck, without the real intention or cash to hold it long terms.
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Originally posted by reyes:
The problems is, the stock market has not burst, the housing market are raising, it has high possibility of asset bubble due to low interest rate offer by banks, speculators, foreigners and domestic alike. how low a interest will bank commit? how will govt react if real asset price raise too fast before the real income? are govt going to let inflation go beyond control?
what u say about changing hands fast enough is already a bubble asset in the brewing. arent you contridicting of what u say? that means most of the buyers are here to make a quick buck, without the real intention or cash to hold it long terms.
Hello, do u know that foreign dun even need loan to buy property here, just like Jet li, 20 millions hard cash and paid it all. No kidding, a condo of 1 million can be easily paid by a foreigner rich guy. China alone is creating thousands of millionaires, where to park their money, you think they park in mainland china, i dun think so, not secure, they buy property all over the world where there is chinese population ya..next, the indonesia Chinese millionaires or billionaires, just buy order a condo for his son to stay and study here with pure cash. It is only the poor/middle class Singaporeans who are lure into it will find it hard to sustain the loan in a long run, but even if they cannot sustain it, they can alway downgrade to 5 rooms and still earn a huge profit. The situation currently is so big that if you buy a condo and sell it even without it being built, you can take in as much as 300k, which for a layman worker, may take years to earn it.
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Originally posted by reyes:
The problems is, the stock market has not burst, the housing market are raising, it has high possibility of asset bubble due to low interest rate offer by banks, speculators, foreigners and domestic alike. how low a interest will bank commit? how will govt react if real asset price raise too fast before the real income? are govt going to let inflation go beyond control?
what u say about changing hands fast enough is already a bubble asset in the brewing. arent you contridicting of what u say? that means most of the buyers are here to make a quick buck, without the real intention or cash to hold it long terms.
In the stock market, you cannot see who is trading, nor can you exactly predict it outcome, but for property, we hv foreigner willing to pay you hard cash just to get the condo you brought yesterday, you hv not intention to sell it, but the offer is so great that you simply cannot ignore it. -
Originally posted by angel7030:
Hello, do u know that foreign dun even need loan to buy property here, just like Jet li, 20 millions hard cash and paid it all. No kidding, a condo of 1 million can be easily paid by a foreigner rich guy. China alone is creating thousands of millionaires, where to park their money, you think they park in mainland china, i dun think so, not secure, they buy property all over the world where there is chinese population ya..next, the indonesia Chinese millionaires or billionaires, just buy order a condo for his son to stay and study here with pure cash. It is only the poor/middle class Singaporeans who are lure into it will find it hard to sustain the loan in a long run, but even if they cannot sustain it, they can alway downgrade to 5 rooms and still earn a huge profit. The situation currently is so big that if you buy a condo and sell it even without it being built, you can take in as much as 300k, which for a layman worker, may take years to earn it.
"It is only the poor/middle class Singaporeans who are lure into it will find it hard to sustain the loan in a long run, but even if they cannot sustain it, they can alway downgrade to 5 rooms and still earn a huge profit. The situation currently is so big that if you buy a condo and sell it even without it being built, you can take in as much as 300k, which for a layman worker, may take years to earn it."If 300k is so easy to make - what are you doing every day and night ?
Originally posted by angel7030:
In the stock market, you cannot see who is trading, nor can you exactly predict it outcome, but for property, we hv foreigner willing to pay you hard cash just to get the condo you brought yesterday, you hv not intention to sell it, but the offer is so great that you simply cannot ignore it.Obviously, you have not heard of the intelligent methods used by some to chart the trends of the stock market that allow them to know when to get in and when to pull out.
Can the offer be so great that no one can ignore the offer ?
Obviously, you are not a home owner with sentimental values who will not want to move out even if the are given more then the value of their HOME.
Most people live and learn, do you ever learn to live ?
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Hello, do u know that foreign dun even need loan to buy property here, just like Jet li, 20 millions hard cash and paid it all. No kidding, a condo of 1 million can be easily paid by a foreigner rich guy. China alone is creating thousands of millionaires, where to park their money, you think they park in mainland china, i dun think so, not secure, they buy property all over the world where there is chinese population ya..next, the indonesia Chinese millionaires or billionaires, just buy order a condo for his son to stay and study here with pure cash. It is only the poor/middle class Singaporeans who are lure into it will find it hard to sustain the loan in a long run, but even if they cannot sustain it, they can alway downgrade to 5 rooms and still earn a huge profit. The situation currently is so big that if you buy a condo and sell it even without it being built, you can take in as much as 300k, which for a layman worker, may take years to earn it.
how sure the foeigners are not here to make a quick buck? if they are arent they also consider speculators.. do you define specultors only to those who take loan from banks?ppl who pay the full cash are equally dangeruos in creating a property as specultors.
i dont have to eplain to you further. today govt are already taking steps to coll the red hot propertymarket.. luckily, they think like i do. in a recesionary economy , it is definitely not a good idea to let the property grow out of control. the after effect is too great to imagine.
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we will be having HYPERINFLATION
In economics, hyperinflation is inflation that is very high or "out of control", a condition in which prices increase rapidly as a currency loses its value.[1] Definitions used by the media vary from a cumulative inflation rate over three years approaching 100% to "inflation exceeding 50% a month." [2] In informal usage the term is often applied to much lower rates. As a rule of thumb, normal inflation is reported per year, but hyperinflation is often reported for much shorter intervals, often per month.
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Originally posted by reyes:
how sure the foeigners are not here to make a quick buck? if they are arent they also consider speculators.. do you define specultors only to those who take loan from banks?ppl who pay the full cash are equally dangeruos in creating a property as specultors.
i dont have to eplain to you further. today govt are already taking steps to coll the red hot propertymarket.. luckily, they think like i do. in a recesionary economy , it is definitely not a good idea to let the property grow out of control. the after effect is too great to imagine.
Certainly, whistle blowing is common in any markets, be it share, property or financial markets.
Peoples take risk, as i said, if the Property Market cool down after govt intervention, it will rise again and perhap higher, govt is not really caring about the price up and down, it is a free market, let the market decide, what they are worry is about the inflation that may affect any Singaporeans because of the property booming. So, unless you got the ability to sustain the loans or with extra cash in hand to buy with no accountability of loan, why not, go ahead and buy one unit, i bet you will be much richer in asset.
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until the financial recession, do you still believe in free unregulatory market? my god. either you are not following this recession or u r strong believer in asset bubble.
by the way, i am talking about asset bubble and not talking dissuading ppl who had the cash not to buy. we are not on the same frequency.
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as i had pointed out earlier, govt are taking steps now to cool the property market. this will be the first steps in what i believe to be a coming policies in mths ahead to further step the speculative nature of singapore bubble property market.
Singapore: Measures to pre-empt any speculative bubble from forming in the private property market have been outlined in Parliament by the National Development Minister.
Mr Mah Bow Tan said one of the steps to "temper the exuberance" of the market will be the immediate withdrawal of the interest absorption scheme and interest-only loans being offered for purchases of uncompleted property developments.
He told Parliament that both schemes could encourage speculation in a buoyant market as they lower instalment payments in the initial years.
Pointing out that property purchases are a major long-term financial commitment, the National Development Minister said the removal of the interest absorption scheme and interest-only loans will help make home buyers make careful decisions.
The immediate withdrawal of the interest absorption scheme will only affect new projects and not those which had been offering the scheme until the announcement on Monday.
As for interest-only loans, these will be disallowed with immediate effect.
The House was also told that the Government Land Sales (GLS) programme will be reinstated in early 2010 with the number of confirmed sites to be firmed up at a later stage.
The number of reserve sites in the GLS programme will also be replenished, Mr Mah said, so that the public can be sure of a steady supply of private housing.
The Minister also told Parliament that assistance measures outlined in the Budget earlier to stabilise the property market will not be extended given the change in the market conditions. -
Immediately property counters get selldown
Good... I waiting for rentals to come down... then going to start something...
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Originally posted by reyes:
Singapore: Measures to pre-empt any speculative bubble from forming in the private property market have been outlined in Parliament by the National Development Minister.
Mr Mah Bow Tan said one of the steps to "temper the exuberance" of the market will be the immediate withdrawal of the interest absorption scheme and interest-only loans being offered for purchases of uncompleted property developments.
He told Parliament that both schemes could encourage speculation in a buoyant market as they lower instalment payments in the initial years.
Pointing out that property purchases are a major long-term financial commitment, the National Development Minister said the removal of the interest absorption scheme and interest-only loans will help make home buyers make careful decisions.
The immediate withdrawal of the interest absorption scheme will only affect new projects and not those which had been offering the scheme until the announcement on Monday.
As for interest-only loans, these will be disallowed with immediate effect.
The House was also told that the Government Land Sales (GLS) programme will be reinstated in early 2010 with the number of confirmed sites to be firmed up at a later stage.
The number of reserve sites in the GLS programme will also be replenished, Mr Mah said, so that the public can be sure of a steady supply of private housing.
The Minister also told Parliament that assistance measures outlined in the Budget earlier to stabilise the property market will not be extended given the change in the market conditions.
My dear Fuhrer,With all due respect, do you know how much had our govt earned from this property booming? with the taxation and LS charges, they are actually very happy to be in this position, our govt is alway an advocate of free market movement, even wages is subject to free market value. They are more worry in those underperforming sectors whereby even with stimulate packages were instilled and still cannot go up. If the govt really wanted to intervent the Property market, they would hv gone in earlier, but they are not, nobody is worrying about a booming market, in fact its is a good sign.
The govt are not worrying about those who can afford to buy, they interfered because of 2 things,
1. Excess inflation may set in that will disorientate the peoples with lower earning to suffer.
2. The lower middle class who bought property due to speculation, may end up having difficulties to sustain the loan and interest that result in social and family disorientation.
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Originally posted by eagle:
Immediately property counters get selldown
Good... I waiting for rentals to come down... then going to start something...
u wait long long..inflation is going to set in soon. -
Originally posted by Atobe:
"It is only the poor/middle class Singaporeans who are lure into it will find it hard to sustain the loan in a long run, but even if they cannot sustain it, they can alway downgrade to 5 rooms and still earn a huge profit. The situation currently is so big that if you buy a condo and sell it even without it being built, you can take in as much as 300k, which for a layman worker, may take years to earn it."If 300k is so easy to make - what are you doing every day and night ?
Obviously, you have not heard of the intelligent methods used by some to chart the trends of the stock market that allow them to know when to get in and when to pull out.
Can the offer be so great that no one can ignore the offer ?
Obviously, you are not a home owner with sentimental values who will not want to move out even if the are given more then the value of their HOME.
Most people live and learn, do you ever learn to live ?
well, i am still young mah, live in landed property in joo chiat, shake legs and relax, post here and there,...still no good ar?? Can come here are rich peoples ok..poor people where got time,.. -
Originally posted by eagle:
Immediately property counters get selldown
Good... I waiting for rentals to come down... then going to start something...
rentals to come down?o ok
then u wait lor..
I waiting for Christmas