Property market sentiments 2011

[Regulators]

our mm was trying to propagate elitism last time, remember he encouraged graduates to marry each other in order to create intelligent and successful kids. He failed to see that a lot of our forefathers do not have degrees and we carry their genes

i think your remark is ignorant, even offensive

the best qualities of humanity are more often than not displayed in the poorest,the least educated, and the weakest in society.

the rich don't need more mollycoddling. it is the poor and the weak who needs greater protection from those who continues to trample & abuse them.

[Antione]

A lot of our forefathers were rich oversea chinese businessmen, they are the entreprenuerial lots that escape communism to seek better life here, not necessarily only coolies. That is why Singaporean breed is not that bad.

[Geylang OKT]

.............

[Regulators]

My grandfather came to singapore, then nanyang, with only a few dollars but his children and grandchildren all turned out fine

A lot of our forefathers were rich oversea chinese businessmen, they are the entreprenuerial lots that escape communism to seek better life here, not necessarily only coolies. That is why Singaporean breed is not that bad.

[sh]

A lot of our forefathers were rich oversea chinese businessmen, they are the entreprenuerial lots that escape communism to seek better life here, not necessarily only coolies. That is why Singaporean breed is not that bad.

Most would have escape before communism. Most came without money and made it good here. We are the descendants of adventurous risk-takers

[land118]

Most would have escape before communism. Most came without money and made it good here. We are the descendants of adventurous risk-takers

Ya, not only risk takers but survivors of turmoil, colonization, Outcast by Malaya. We can and will overcome ...

[CCR]

Found this in propertyguru.
Bank sale and wonder sentiment is heading south with the recent cooling measures....

http://www.propertyguru.com.sg/listi...ale-maplewoods

The price not a firesale price what... It's market price...
By the way, inhale just been informed that FEO reduce price for Cyan... 4 bedroom reduce Fromm 2700 psf to 2400+ psf.... Latest news from a FEO agent...

fEO seem to be dumping units man.... And the are still giving 3% furniture discount still for Cyan....

[rattydrama]

The price not a firesale price what... It's market price...
By the way, inhale just been informed that FEO reduce price for Cyan... 4 bedroom reduce Fromm 2700 psf to 2400+ psf.... Latest news from a FEO agent...

fEO seem to be dumping units man.... And the are still giving 3% furniture discount still for Cyan....

maybe another new cooling measure coming to target people like them.. keeping too many units and selling at high price.

maybe Lucas Chow coming on board, change of group strategy.

[westman]

The price not a firesale price what... It's market price...
By the way, inhale just been informed that FEO reduce price for Cyan... 4 bedroom reduce Fromm 2700 psf to 2400+ psf.... Latest news from a FEO agent...

fEO seem to be dumping units man.... And the are still giving 3% furniture discount still for Cyan....

Not a firesales perhaps. However, I noticed most units in Maplewood are asking above 1200++psf while thisis just asking 10xxPsf and that is about 300k plus different wor.

[westman]

maybe another new cooling measure coming to target people like them.. keeping too many units and selling at high price.

maybe Lucas Chow coming on board, change of group strategy.

Maybe, I've ever mention cooling measures as enforcing now are either curbing demand (to buyer) or increasing land supply by GLS. Nothing has been done to developers.

Developers might have to lower prices if
- shorter development period is allow
- not allow to hold on completed units within a period of time after TOP (example 1 year)
- not allow to give rebate such as furniture gift etc (this will inflate prices thus affecting nearby pricing as well)

[mantrix]

Not a firesales perhaps. However, I noticed most units in Maplewood are asking above 1200++psf while thisis just asking 10xxPsf and that is about 300k plus different wor.

well it is very big (close to 1800 sq ft) for just a 3 bedder...maybe lotsa PES?

[hopeful]

i think your remark is ignorant, even offensive

the best qualities of humanity are more often than not displayed in the poorest,the least educated, and the weakest in society.

the rich don't need more mollycoddling. it is the poor and the weak who needs greater protection from those who continues to trample & abuse them.

i agree with your remarks about the poor.

usually you will find there is a lot of harmony between siblings and their children if they are employees and not rich.
so the best qualities of humanity are displayed because there is no pressure, nothing to be jealous about. if one is poor, there is nothing to fight over.
if grandparents are rich, the grandchildren are scheming against each other already. Like in Stanley Ho's case....

Anyway, the poor will breed like rabbits without incentives.
And can we find the poor easily? sure enough - offer to filipinos, malaysians, indonesians, etc and they will readily come to Singapore shores. So why need to give incentives for the poor Singaporeans to procreate since we can find replacements easily?
It is the rich who need incentives to procreate. Do you know how hard it is to entice the rich to come to Singapore shores and stay?
Since it is so hard, have to entice the local rich to procreate.

[bargain hunter]

had posted the info in another thread earlier but fellow forumers did not find it cheap either.

http://forums.condosingapore.com/sho...967#post132967

and its a 3+study but not a ground floor unit.

well it is very big (close to 1800 sq ft) for just a 3 bedder...maybe lotsa PES?

[Wild Falcon]

The government just want babies. Doesn't matter if they are the pseudo rich or the ordinary folks. And nowadays, even the low-middle class don't breed like rabbits - and if they do - our government will be very happy.

usually it is the lower income families that breed like that rabbits.
Given more subsidies, there will be more incentives for them to breed.
Pretty sure the government will not want that to happen.

[devilplate]

The government just want babies. Doesn't matter if they are the pseudo rich or the ordinary folks. And nowadays, even the low-middle class don't breed like rabbits - and if they do - our government will be very happy.

easiest is to open floodgate again for foreign yng graduates

immediate contribution to our society....but sg male citizens lose out big time....

[Wild Falcon]

In the first place, that area does not deserve 2700psf (unless a doghouse-size "suites" or "loft"). Even 2400psf one would hv to think twice. If FEO is smart about it, they should start dumping.

The price not a firesale price what... It's market price...
By the way, inhale just been informed that FEO reduce price for Cyan... 4 bedroom reduce Fromm 2700 psf to 2400+ psf.... Latest news from a FEO agent...

fEO seem to be dumping units man.... And the are still giving 3% furniture discount still for Cyan....

[devilplate]

In the first place, that area does not deserve 2700psf (unless a doghouse-size "suites" or "loft"). Even 2400psf one would hv to think twice. If FEO is smart about it, they should start dumping.

cyan fair value shd be 2kpsf? lol

[august]

i agree with your remarks about the poor.

usually you will find there is a lot of harmony between siblings and their children if they are employees and not rich.
so the best qualities of humanity are displayed because there is no pressure, nothing to be jealous about. if one is poor, there is nothing to fight over.
if grandparents are rich, the grandchildren are scheming against each other already. Like in Stanley Ho's case....

Anyway, the poor will breed like rabbits without incentives.
And can we find the poor easily? sure enough - offer to filipinos, malaysians, indonesians, etc and they will readily come to Singapore shores. So why need to give incentives for the poor Singaporeans to procreate since we can find replacements easily?
It is the rich who need incentives to procreate. Do you know how hard it is to entice the rich to come to Singapore shores and stay?
Since it is so hard, have to entice the local rich to procreate.

is it the rich that is not procreating, or is it the majority middle class not procreating? get your facts right hor

[rattydrama]

Nomura Latest Report 17 Feb 2011

Supply tsunami

2012F completions may be twice the official estimates
Based on URA estimates as of end-4Q10, 7,262 units of private non-landed
residential properties are scheduled for completion in 2012. Our survey suggests
the number could be as high as 15,457 units.


Still cautious on prime luxury in the near term
On our estimates, 47% of completions this year belong to the prime luxury
segment. There are already signs of rental weakness in the prime luxury segment
and we believe supply will continue to weigh on this segment in the near term. We
expect prices of prime luxury properties to fall 10% in 2011-12F. For 2013F, we
believe the mass-/mid-market “shoe box” units will likely be oversupplied, of which
over 50% were sold to HDB addressees, according to URA data, and we think the
majority of these purchases are for investment purposes. Besides being an
untested rental market, we also expect this segment to face competition from the
HDB rental market. We expect this to result in a 15% correction in mass-/midmarket
prices in 2013F.


Demand may not be enough to take up potential trading supply
Our estimates suggest a potential primary supply (potential new launches and
unsold units in launched projects) of 22,847 units and a potential secondary supply
of 24,670 units could be in the market. We believe these numbers are significant
when compared with the annual average take-up of 9,540 units for the primary
market and 14,124 units for the secondary market over the past 10 years,
especially after taking into account the recently imposed 60% cap on loan-to-value
(LTV) limits for the second home mortgage onwards.


Be selective on developers; top picks: UOL, Keppel Land
Against the sluggish physical market outlook, we believe developers are unlikely to
outperform. That said, as we believe valuations have already priced in significant
downside in the physical market, we do not expect share prices to collapse. Stock
selection remains key and we focus on developers with specific drivers/catalysts
that are still trading at attractive discounts to NAV, such as UOL and Keppel Land.

[ay123]

the rich busy to make them richer = no time to make baby
the poor busy to meet day end = no time/money to make/support baby
the middle contented and want to enjoy life with much freedom = have time but don want to make baby
so... baby bonus :-
to the rich -= not even peanut
to the poor = not enough
to the middle = freedom worth more than baby bonus

govt =

[hopeful]

the rich busy to make them richer = no time to make baby
the poor busy to meet day end = no time/money to make/support baby
the middle contented and want to enjoy life with much freedom = have time but don want to make baby
so... baby bonus :-
to the rich -= not even peanut
to the poor = not enough
to the middle = freedom worth more than baby bonus

govt =

introduce COE for polygamy for those who can afford it .category A for extra spouse below 20 years old, young and virile. category e for extra spouse above 70 years old. government can earn extra income. so no need .

[hopeful]

Nomura Latest Report 17 Feb 2011

Supply tsunami

2012F completions may be twice the official estimates
Based on URA estimates as of end-4Q10, 7,262 units of private non-landed
residential properties are scheduled for completion in 2012. Our survey suggests
the number could be as high as 15,457 units.


Still cautious on prime luxury in the near term
On our estimates, 47% of completions this year belong to the prime luxury
segment. There are already signs of rental weakness in the prime luxury segment
and we believe supply will continue to weigh on this segment in the near term. We
expect prices of prime luxury properties to fall 10% in 2011-12F. For 2013F, we
believe the mass-/mid-market “shoe box” units will likely be oversupplied, of which
over 50% were sold to HDB addressees, according to URA data, and we think the
majority of these purchases are for investment purposes. Besides being an
untested rental market, we also expect this segment to face competition from the
HDB rental market. We expect this to result in a 15% correction in mass-/midmarket
prices in 2013F.


Demand may not be enough to take up potential trading supply
Our estimates suggest a potential primary supply (potential new launches and
unsold units in launched projects) of 22,847 units and a potential secondary supply
of 24,670 units could be in the market. We believe these numbers are significant
when compared with the annual average take-up of 9,540 units for the primary
market and 14,124 units for the secondary market over the past 10 years,
especially after taking into account the recently imposed 60% cap on loan-to-value
(LTV) limits for the second home mortgage onwards.


Be selective on developers; top picks: UOL, Keppel Land
Against the sluggish physical market outlook, we believe developers are unlikely to
outperform. That said, as we believe valuations have already priced in significant
downside in the physical market, we do not expect share prices to collapse. Stock
selection remains key and we focus on developers with specific drivers/catalysts
that are still trading at attractive discounts to NAV, such as UOL and Keppel Land.

is Nomura the only with negative reports for property prices in the future?

[jitkiat]

Oversupply + > 5% SIBOR + low rent => crash
Oversupply + 1% SIBOR + so so rent => hold

Where got so simple to analyze just based on supply??

[Wild Falcon]

Nomura is the only one not bullish on luxury since 2 years ago. All the rest sing the same tune of "buy high-end" even today because high-end investors are so wealthy that they don't care about poor returns/yields.

[hopeful]

Nomura is the only one not bullish on luxury since 2 years ago. All the rest sing the same tune of "buy high-end" even today because high-end investors are so wealthy that they don't care about poor returns/yields.

wow Nomura dare to be contrarian. I am concerned about oversupply too and economy cycle. That's why offloading my units now. hopefully can finish by end of 2012.
already thinking of what condos and commercial lots to get in next downturn

[Laguna]

wow Nomura dare to be contrarian. I am concerned about oversupply too and economy cycle. That's why offloading my units now. hopefully can finish by end of 2012.
already thinking of what condos and commercial lots to get in next downturn

If ur determined to sell, it will not take so long unless ur caught in the recent SSD.

Generally, it takes about 3-4 months to sell in a raising market or seller market. Now more difficult.

[Wild Falcon]

Might not be too easy to offload now. Secondary transactions have slowed to a trickle. Dunno something wrong with URA website or what, some districts (D10) only 2 transactions in Feb? Where are our rich foreigners?

wow Nomura dare to be contrarian. I am concerned about oversupply too and economy cycle. That's why offloading my units now. hopefully can finish by end of 2012.
already thinking of what condos and commercial lots to get in next downturn

[bargain hunter]

rich foreigner like our hopeful bro just said he is selling/waiting to sell.

Might not be too easy to offload now. Secondary transactions have slowed to a trickle. Dunno something wrong with URA website or what, some districts (D10) only 2 transactions in Feb? Where are our rich foreigners?

[hopeful]

rich foreigner like our hopeful bro just said he is selling/waiting to sell.

actually in the process of selling off 1 already. waiting for the buyer to exercise OTP. The buyer is also another foreigner by the way.

[bargain hunter]

interesting thing for 2 comparable 4 bedders at Cyan:

#23-05 1959 sq ft 2479psf 15 Mar 2010
#22-05 1959 sq ft 2536psf 26 Jan 2011

Prices hardly went up in the past 1 year and now back to or below Mar 2010 prices?

The price not a firesale price what... It's market price...
By the way, inhale just been informed that FEO reduce price for Cyan... 4 bedroom reduce Fromm 2700 psf to 2400+ psf.... Latest news from a FEO agent...

fEO seem to be dumping units man.... And the are still giving 3% furniture discount still for Cyan....