Property prices may go up

[mr funny]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_607186.html

Nov 25, 2010

MAS YEARLY FINANCIAL STABILITY REVIEW

Property prices may go up


SINGAPORE'S central bank said low borrowing costs and excess liquidity globally may push the island's property prices higher again, setting back government efforts to cool the market, reported Bloomberg news.

There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review on Thursday.

Buyers may also take on 'excessive leverage' amid expectations of a sustained period of low rates, the central bank said.

The government in August increased down payments for second mortgages and imposed a stamp duty on property held for less than three years to curb speculation.

After leading 36 markets around the world in property-value changes in the second quarter in a Global Property Guide survey, government statistics showed price gains slowed in the three months to the end of September.

'There is a possibility that transaction activity and prices could pick up again given the current global conditions of flush liquidity and low interest rates,' said MAS.

'The government will continue to be vigilant in monitoring developments in the property market, and if necessary, adopt additional measures to promote a sustainable property market.'

Private residential prices rose 2.9 per cent in the third quarter from the previous three months, when they climbed 5.3 per cent, according to Urban Redevelopment Authority. Singapore's government forecasts economic growth of 15 per cent this year and expansion of 4 percent to 6 per cent in 2011.

[DC33_2008]

Garment did not say it cannot go up but does not want it to go up too fast.

[RE_Owner]

now is really tough time for buyer to make decision. one hand the prise is skyrocketing and afraid no room for capital appreciation and low yield. on the other hand many events seem to point that the prise will continue to head north!!! how? how? how?

[mantrix]

now is really tough time for buyer to make decision. one hand the prise is skyrocketing and afraid no room for capital appreciation and low yield. on the other hand many events seem to point that the prise will continue to head north!!! how? how? how?

Buy now? As more business and liquidity pours into Asia and interest rates remain low they only serve as a jumping board for the current prices...unless world war 3 breaks out in Korea

[shauntanzs]

now is really tough time for buyer to make decision. one hand the prise is skyrocketing and afraid no room for capital appreciation and low yield. on the other hand many events seem to point that the prise will continue to head north!!! how? how? how?

Spot on! Got alot of $ den dun think too much, just cheong. Got limited $ then just sit n wait lor... :D

[Antz621]

Key Word here is GO UP

Disclaimer clause here is MAY

Punt with caution! :rolleyes:

[art10626]

sigh, got limited $ but need a place urgently then bang balls also :banghead:


Spot on! Got alot of $ den dun think too much, just cheong. Got limited $ then just sit n wait lor... :D

[Komo]

My take is price will go up gradually in a managed way. Unless big crisis hit everyone, which is not unlikely. Good to keep some bullets and prepare for that moment!:D

[art10626]

Agreed with Komo on price trend, but no one seemed to talk about the..

'The government will continue to be vigilant in monitoring developments in the property market, and if necessary, adopt additional measures to promote a sustainable property market' ... part

Gahmen crying wolf liao??

[richwang]

Singapore is not Ireland. But no harm to be cautious. Ireland used to have 250,000 jobs in construction. But suddenly dropped by 50%. Property price dropped sharply as well.
Singapore Govenment is saying if the Property price continutes to go up, more cool down measures are on its way. So the upside is indeed limited.
I only watch one Project: Parc Imperial. The price has gone down from S$1600 psf to S$1500 psf after Aug 30. I don't foresee it can go beyound S$1600 psf in the months or years to come. I hope I am wrong.

Thanks,
Richard

[amk]

Singaporeans are not Irish either. Irish are used to loan 100%. We never had that mentality.
For me, asset inflation is inevitable, no thanks to US printing money. This will last for a while until interest rate really starts to pick up. When that happens, u can plan to pick your firesale targets. But then, can you, or would you, wait until then ? U dun have a lot of 5 yrs in your life you know...
This generation does have it hard. The spectacular gains from the 80s are something permanently gone.

[art10626]

Boom and bust now having greater frequency... if you can survive a few bubbles you can still make it... hope for this generation :cheers1:


Singaporeans are not Irish either. Irish are used to loan 100%. We never had that mentality.
For me, asset inflation is inevitable, no thanks to US printing money. This will last for a while until interest rate really starts to pick up. When that happens, u can plan to pick your firesale targets. But then, can you, or would you, wait until then ? U dun have a lot of 5 yrs in your life you know...
This generation does have it hard. The spectacular gains from the 80s are something permanently gone.

[sh]

Boom and bust now having greater frequency... if you can survive a few bubbles you can still make it... hope for this generation :cheers1:

the key is to keep invested, but ensure sufficient funds to ride through the down turns.

Nobody can predict when the market is going to turn, but we know it's coming, maybe next year, maybe ten years later but can we afford not to be in the market? inflation will eat up your cash.

If u have holding power, property prices will only go up, peak to peak. The only people who loses money in property are those who are forced to sell in a crisis.

[kingkong1984]

the key is to keep invested, but ensure sufficient funds to ride through the down turns.

Nobody can predict when the market is going to turn, but we know it's coming, maybe next year, maybe ten years later but can we afford not to be in the market? inflation will eat up your cash.

If u have holding power, property prices will only go up, peak to peak. The only people who loses money in property are those who are forced to sell in a crisis.
The same article may also be property prices may go down. Best holding power, fully paid.