Any Fundamental to Support the Current Run-Away GLS/Enbloc Pricees

[tonymontana]

Profit was great from equities and bonds. What other opportunities? My friend is looking for a 3-bedder condo in the city fringe for own stay (preference such as near mrt) with a budget of $1.5mil. Any recommendation?

sophia hill
mackenzie rd
potong pasir mrt vicinity
katong joo chiat area

so many.

[Laguna]

watch up oil price

http://www.cnbc.com/2017/06/02/us-oi...lysts-say.html

[DC33_2008]

The person has checkout Queenstown/Commonwealth/Redhill, they are in the region of $1600 - $1800psf. Trilliq near Clementi is too noisy with the nearby roads/tunnel even for high floors although it has lower psf of $1300++.

Do you think it is possible for Queenstown area to have this pricing level? Clementi might have but a little out of city fringe.

[jwong71]

Watch out for parkway mansion, on its way too

[Kelonguni]

The person has checkout Queenstown/Commonwealth/Redhill, they are in the region of $1600 - $1800psf. Trilliq near Clementi is too noisy with the nearby roads/tunnel even for high floors although it has lower psf of $1300++.

I think must specify minimum size.

[HP65]

ya...me too, to see you still come live to here and few others
and also Chestnut

short of BJ21..but I am in touch with him in Facebook....


seems like property market has turned around with all present..but the heat level is far below years back

Seems like some of the old timers are back.....good to see you all back!

[Khng8]

I have not seen Phantom Opera for a while. Will be good to hear his views too.

[ccreporter]

Can we read this as a sign of market recovery?

[Hakuho]

Investing in Sg property if just looking into it as a single investment instrument then it is not holistic.
There are few major worrying macro-economy factors in the perhaps short to medium terms
1. "One Belt, One Road" impact on Sg
2. Pulling out of MNC from Sg as cost of operations are high
3. Debts of the big countries like China, US, Europe
4. Long overdue correction of equity markets
5. Raising Interest rates

Even if all is well, Singapore's ageing organic population not in your radar?

[Kelonguni]

So 50k no enough?

http://www.channelnewsasia.com/news/...pm-lee-8888750

Even if all is well, Singapore's ageing organic population not in your radar?

[Laguna]

Just extracted from URA that total number of unsold units as at April 2017

12929 (include EC)
10783 (exclude EC)

Launched but not sold
7394 (Include EC)
5248 (Exclude EC)

So the numbers speak by itself

[anythingwhatever]

Profit was great from equities and bonds. What other opportunities? My friend is looking for a 3-bedder condo in the city fringe for own stay (preference such as near mrt) with a budget of $1.5mil. Any recommendation?

IMHO, reasonably-priced decent-scale City-Fringe projects in the East:

New LH: Sims Urban Oasis
New LH: TRE Residences
Resale LH: Simsville
Resale LH: Central Grove
Resale FH: Esta Ruby
Resale FH: Le Crescendo

[Kelonguni]

Bro Bargain Hunter came up with a list showing the breakdown by segment. There is a serious supply crunch just right ahead.

ECs sold 1018 new units in Q1 2017:
https://www.ura.gov.sg/uol/-/media/U...r/pr17-30f.pdf

PCs sold 2276 new units in Q1 2017:
https://www.ura.gov.sg/uol/-/media/U.../pr17-30c2.pdf

Assuming your data is all accurate, how many quarters can they last?

This is the lowest stock we have had for PCs and ECs in the last 5 years...

Just extracted from URA that total number of unsold units as at April 2017

12929 (include EC)
10783 (exclude EC)

Launched but not sold
7394 (Include EC)
5248 (Exclude EC)

So the numbers speak by itself

[Laguna]

Bro Bargain Hunter came up with a list showing the breakdown by segment. There is a serious supply crunch just right ahead.

ECs sold 1018 new units in Q1 2017:
https://www.ura.gov.sg/uol/-/media/U...r/pr17-30f.pdf

PCs sold 2276 new units in Q1 2017:
https://www.ura.gov.sg/uol/-/media/U.../pr17-30c2.pdf

Assuming your data is all accurate, how many quarters can they last?

This is the lowest stock we have had for PCs and ECs in the last 5 years...

No need to worry, MND knows the number much better than us...let us see how the 2H2017 GLS going to be...

[challenger]

The person has checkout Queenstown/Commonwealth/Redhill, they are in the region of $1600 - $1800psf. Trilliq near Clementi is too noisy with the nearby roads/tunnel even for high floors although it has lower psf of $1300++.

I find Trillinq a very long walk to MRT. I seriously considered investing a unit there 2 years back. Prices very reasonable. But a lot of competition from old condos Regent Park and Park West.

[anythingwhatever]

Bro Bargain Hunter came up with a list showing the breakdown by segment. There is a serious supply crunch just right ahead.

ECs sold 1018 new units in Q1 2017:
https://www.ura.gov.sg/uol/-/media/U...r/pr17-30f.pdf

PCs sold 2276 new units in Q1 2017:
https://www.ura.gov.sg/uol/-/media/U.../pr17-30c2.pdf

Assuming your data is all accurate, how many quarters can they last?

This is the lowest stock we have had for PCs and ECs in the last 5 years...

Wow, imagine the new launches are sold out in the next 6 quarters, resale shall rebound?

[proud owner]

Profit was great from equities and bonds. What other opportunities? My friend is looking for a 3-bedder condo in the city fringe for own stay (preference such as near mrt) with a budget of $1.5mil. Any recommendation?

My friend bought a 3 bedrm FH in D5 ... quiet , sea view, walk to YELLOW LINE at 1.45mil

[Hakuho]

So 50k no enough?

http://www.channelnewsasia.com/news/...pm-lee-8888750

I think we form a good pair; you look only at the positives and I look beyond the positives. Then the forum has the needed diversity. Ahaha.


We are speaking of age profile?

The 50 k new citizens per year are not new born babies (or somehow they don't age), even if they are it will probably take 10 years to tilt the age profile favourably.

Look beyond the number, the 50 k more likely than not it comes from the PR pool; some are children of parents, some are long standing PR who retired or near retiring etc. In order words, not all are economically productive.

Look at the photos taken at citizenship ceremonies can tell liao. So my number is a conservative 20 k per year, you want to use 50 k per year also can la nobody can stop you, haha.

Iirc, the property buying age group of 25 - 49 is shrinking at the rate of about 20 k per year gong forward. This is not totally a threat, but an opportunity also depending how it is being 'played'.

[Hakuho]

Just extracted from URA that total number of unsold units as at April 2017

12929 (include EC)
10783 (exclude EC)

Launched but not sold
7394 (Include EC)
5248 (Exclude EC)

So the numbers speak by itself

Tio bo?

https://www.ura.gov.sg/uol/media-roo...17/Jan/pr17-06

[Kelonguni]

I am not revealing all the tricks of our Govt in number packaging, even though all official numbers are real. Just examine all official numbers carefully. I do enjoy the balance but trust me in saying I have seen that angle.

Just two points.

Ageing population that is getting more and more developed needs more housing units or less as the years go?

On top of new citizens, who else needs additional housing, and who actually relinquishes housing needs every year? Is the annual total stock built forward enough for the additional needs?

I think we form a good pair; you look only at the positives and I look beyond the positives. Then the forum has the needed diversity. Ahaha.


We are speaking of age profile?

The 50 k new citizens per year are not new born babies (or somehow they don't age), even if they are it will probably take 10 years to tilt the age profile favourably.

Look beyond the number, the 50 k more likely than not it comes from the PR pool; some are children of parents, some are long standing PR who retired or near retiring etc. In order words, not all are economically productive.

Look at the photos taken at citizenship ceremonies can tell liao. So my number is a conservative 20 k per year, you want to use 50 k per year also can la nobody can stop you, haha.

Iirc, the property buying age group of 25 - 49 is shrinking at the rate of about 20 k per year gong forward. This is not totally a threat, but an opportunity also depending how it is being 'played'.

[Hakuho]

I am not revealing all the tricks of our Govt in number packaging, even though all official numbers are real. Just examine all official numbers carefully. I do enjoy the balance but trust me in saying I have seen that angle.

Just two points.

Ageing population that is getting more and more developed needs more housing units or less as the years go?

On top of new citizens, who else needs additional housing, and who actually relinquishes housing needs every year? Is the annual total stock built forward enough for the additional needs?

No matter how you or the government want(s) to package it, the population numbers data still accounted officially.

Are you claiming that the Department of Statistics of Singapore is fudging the numbers published?

[indomie]

Can we read this as a sign of market recovery?

There is a sign that cash is going to get crush. American is getting desperate to hold down the USD petrodolar status in the gulf region by blockading Qatar. The rest of arab countries must support the use of american dolar because their assets are denominated in US dolar. If Qatar breakaway from dolar...the domino effect will collapse the dolar and arab countries will find their dolar assets worthless

[ccreporter]

There is a sign that cash is going to get crush. American is getting desperate to hold down the USD petrodolar status in the gulf region by blockading Qatar. The rest of arab countries must support the use of american dolar because their assets are denominated in US dolar. If Qatar breakaway from dolar...the domino effect will collapse the dolar and arab countries will find their dolar assets worthless

This is something new... Never seen this theory elsewhere. Any supporting info? What Qatar wants to break into? Gold?

[Kelonguni]

Nope. I already said all official stats regarding New Citizens are real.

Go to investigate a few things.

1. Population change
2. Death and birth rates / numbers

Think.

I have helped you enough.

No matter how you or the government want(s) to package it, the population numbers data still accounted officially.

Are you claiming that the Department of Statistics of Singapore is fudging the numbers published?

[Hakuho]

Nope. I already said all official stats regarding New Citizens are real.

Go to investigate a few things.

1. Population change
2. Death and birth rates / numbers

Think.

I have helped you enough.

Thanks but I already did.

So what is your finding? My finding already stated liao.

[Kelonguni]

The so-called finding you have stated is based on a static view of the SG population. What is a citizen? What is a new citizen? What is a PR? What is a foreigner?

Do examine the numbers carefully and probe more thoroughly if you wish. Read PM Lee's words three times and consider alternative interpretations of what it is he is really saying. I really can't say more or else I will sabotage the good work done so far in ensuring long term survival of SG. This is my last post on population at this point in time.

Some resources to help you as well:

https://forum.singaporeexpats.com/vi...c.php?t=104144

[Hakuho]

The so-called finding you have stated is based on a static view of the SG population. What is a citizen? What is a new citizen? What is a PR? What is a foreigner?

Do examine the numbers carefully and probe more thoroughly if you wish. Read PM Lee's words three times and consider alternative interpretations of what it is he is really saying. I really can't say more or else I will sabotage the good work done so far in ensuring long term survival of SG. This is my last post on population at this point in time.

Some resources to help you as well:

https://forum.singaporeexpats.com/vi...c.php?t=104144

I take it that you have no finding, or unwilling to share if there is one.


In 2016, residents of age 65 and above increased by 34,000 y-o-y, TAKEN into account mortality. This number is increasing going forward based on existing population age profile.

The total population is

2014 (5.47 mil)
2015 (5.54 mil)
2016 (5.61 mil)

All figures from Department of Statistics Singapore.

[Hakuho]

I take it that you have no finding, or unwilling to share if there is one.


In 2016, residents of age 65 and above increased by 34,000 y-o-y, TAKEN into account mortality. This number is increasing going forward based on existing population age profile.

The total population is

2014 (5.47 mil)
2015 (5.54 mil)
2016 (5.61 mil)

All figures from Department of Statistics Singapore.

By the time the 2017 statistics is published, the age group 25 - 49 (universally recognised as the "property purchasing age group") will have shrunk by about 31,000 (from proprietary model).

You can do your own calculation.

[Arcachon]

Only know got 3 more ten years to go and soon more will know how many ten years they have.

Tell me if you got all the money, what will you do.

[Arcachon]

By the time the 2017 statistics is published, the age group 25 - 49 (universally recognised as the "property purchasing age group") will have shrunk by about 31,000 (from proprietary model).

You can do your own calculation.

Long Long Time ago, Singapore got only one university, not many got a good paying job.

Not many know how the rich become richer.

Information is limited to only a few fortunate people.

If you know I get my first million by just buying a PC and wait for 4 years what will you do.