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Thread: Why unemployment is the real killer in the property game

  1. #61
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    Jan 2017
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    Quote Originally Posted by teddybear View Post
    What is a property cycle?
    Boom and Bust right?

    Why you only cite 2009 onwards? You too young to know what happened before that? Then Let me educate you:

    1984 : Peak
    1986 : Trough (Peak to Trough ~ 2 years)
    1997 : Peak
    2005 : Trough (Peak to Trough ~ 8 years!!!!!!!!!!!!!!!!!!)
    2007 : Peak
    2009 : Trough (Peak to Trough ~ 2 years)
    2013 : Peak
    Then divergence occurs:
    2015 : CCR crash! (Is this the Trough already?)
    2017 : OCR still at peak price........
    20XX : OCR Trough (Peak to Trough ~ ??? years?) - I won't want to be the stupid goondu buying OCR property at THOUSAND YEARS historical peak price and wait for >10 years to see the price breakeven (like 1997-2007)! (Not when still need to pay 10% ABSD!)
    While CCR9 unit transaction price has been dropping, it is important to know that land price has been increasing.

    Let's look at the land sales over the years:

    2011 - Robertson Quay, $938 psf ppr
    2012 - Cairnhill, $1150s psf ppr
    2013 - Mount Sophia, $1157 psf ppr
    2016 - Martin Place, $1239 psf ppr

    Martin Place is still the record price paid for a pure residential site. The Cairnhill site is a condotel development (40 : 60, hotel : residential), the residential units are transacted at $2500s psf (below the fair price based on my pricing model).

    So, fundamentally the price correction taking place in CCR9 is not due to lower land price but other reasons.

  2. #62
    teddybear's Avatar
    teddybear is offline Global recession is coming....
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    minority,
    Are you still around?
    If still around, please reply to my question in response to YOUR CLAIM............

    You don't dare to reply my question?????????????
    Wow! Just goes to show what kind of EPIC LIAR and BIGGEST BULLSHITTER you are here! Ha ha ha!!!!!!!!!!!!!!!!

    Quote Originally Posted by teddybear View Post
    Wow minority the BIGGEST LIAR here is still around?

    minority,
    Since you are still around, why you refuse to answer my question to the allegation you made:

    Since Olam DIDN'T PAY ANY TAX on the "Capital Injection $" amount, and you disagree with me (that there is no reason to pay tax on capital injection $ amount like what PUB did), that means Are you telling us that Olam is WRONG and had avoided taxes by rigging (and cooked) its book (so that it can pay less tax)?


    I suppose you won't reply?
    Ha ha ha!
    Why should I reply to the BIGGEST LIAR like you here based on YOUR LIE and BULLSHIT and SMEARING (that everybody knows about here)?!
    Quote Originally Posted by minority
    ur memory?? Give me a break. show some proof lah.. bull shit is very easy to call . and I called it.

    Quote Originally Posted by teddybear
    minority,
    Twist and turn again like 2-headed snake?

    FACT is, Olam DIDN'T PAY ANY TAX on the "Capital Injection $" amount!

    So, why should PUB pay ANY TAX on "Government Capital Injection $"?

    So, who is WRONG, PUB or Olam?
    Either Olam is avoiding taxes or PUB is paying additional unnecessary taxes?

    Which is true?

    I would say PUB is paying additional unnecessary taxes while Olam is perfectly clean!

    If you disagree with me, that means you are telling us that Olam is WRONG and had avoided taxes by rigging its book?
    Last edited by teddybear; 01-07-17 at 17:59.

  3. #63
    Join Date
    Jul 2015
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    What's happening here? Other than vina yip fanciful stories?

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