to Blackjack 21 Trader - waiting for explanation

[CCR]

Another question to seek your advice brother bj21... I feel very strongly based on overseas trends in global cities like ny, London, Paris, hong kong, Tokyo, that the gap between are OCR and CCR prices are too close... But other firummers here think that sin is unique hence the prices are close coz we are small... But I feel the gap should be at least 4 times between a high end property and OCR property.... But right now it seem like the gap is very close... Look at cuscadan residence....fh, about 7 years old nice and exclusive beside st Regis and it's only 2k plus psf.... While foresque is 1k psf for LH... Doesn't makemsense...

[DC33_2008]

London and Paris are so many times larger than singapore while hong kong has the luxurious hilly area. URA may have further re-zoning in future.

[devilplate]

London and Paris are so many times larger than singapore while hong kong has the luxurious hilly area. URA may have further re-zoning in future.

If they allow residential on mt faber....

Nice vy view of sea, green n iconic reflection

And u r right, sg is too small to have huge psf disparity....

But if u use cheapest new launch recently likr 8cy of about 800psf vs the marq of 5xxxpsf....its a cool 7times difference

[newbie11]

The day when the Ahpunehnehs and Ah Tiongs return to their homelands, that shall be the day when Singapore has become the Swiss of the East as predicted by the Sky People in the Heavenly Book of the 9 Dragons. Where to find these 9 dragons? Go to Marina Barrage and count the number of gates there !

its true the barrage architecture looks like 9 and has 9 crest gates.
http://2011lphslangfest.files.wordpr...peg?w=117&h=78

[blackjack21trader]

Another question to seek your advice brother bj21... I feel very strongly based on overseas trends in global cities like ny, London, Paris, hong kong, Tokyo, that the gap between are OCR and CCR prices are too close... But other firummers here think that sin is unique hence the prices are close coz we are small... But I feel the gap should be at least 4 times between a high end property and OCR property.... But right now it seem like the gap is very close... Look at cuscadan residence....fh, about 7 years old nice and exclusive beside st Regis and it's only 2k plus psf.... While foresque is 1k psf for LH... Doesn't makemsense...

Dear brother CCR, you are being too humble 2 say that. Let's say we are all here to share share so that we can progress towards prosperity as a group

I may have the answer to your question but it might not be the complete truth. The answer is based merely on my personal observation of buyers behavior.

The majority of the younger middle class private condo buyers in the Singapore market now has a maximum budget size of S$1.8million. (Based on housing loan instalment affordability calculation. )

1) Older properties near to Balmoral area may have a lower than expected psf, but when you multiplied that by the larger unit size in comparison, it will hit more than S$1.8million. Foresque is 1000psf, but I think the size should be smaller, so when you multiplied that out, you should get a price within their budget.

2) A newer unit is also easier to rent out and maintain. It has a better design and matches the taste of the younger generation. Further more, the water pipes are all brand new and good.

3) The younger buyers are now all very smart. The Upper Bukit Timah area has a lot of lower middle class China PRs with their kids attending the schools there. The young buyers have indeed done their research well ! Rental return should be good in this area. ( You can go BK Plaza or Railway Mall to listen to the students' accent )

Older properties in prime area like Cuscadan Residence will only take off when the upper middle class ( Budget of S$3.2million ) enter the market here. These buyers have the financial strength and experience to renovate an old apartment into a showflat condition. I have seen them, and can tell they will move very fast as a group once they enter the market. But right now, I do not think many of this group are in the Singapore market. I suspect they are patiently waiting for the weak hands in older prime condos to give up their units one by one. Very cruel, but such is the reality of the game.

[CCR]

So when the savvy richer I vector comes then the ccr MIT will go up?

[blackjack21trader]

So when the savvy richer I vector comes then the ccr MIT will go up?

Yes indeed, and I predict that to be 2012 in the month of May. It will be no surprise when the new prime hits S$8000psf and the older prime S$4000psf. If you have any property in CCR, die die also do not let go. And remember if the developers come along and offer your old prime unit for S$2million, counter offer at S$4million instead. Come on, some of them earn like S$1million per new unit after completion on old enbloc projects, am I not correct? Money is too easy for them. Time for the old primers to stand together like a mountain unmovable because by 2012, these developers will realise there is no more land in CCR. Is it not obvious now that recently URA has been releasing subprime or non-prime lands and keeping the super prime for later ?

LOL

[blackjack21trader]

You see, brother CCR, your humble brother here knows exactly when they are in the market because my coffee auntie works in their luxurious offices in Greenwich too.

1) Climatic changes will force the mass exodus of the super rich to the Lion City.

2) When the foreign middle class started to revolt and you only need one of them to throw a rock into one of these rich fellows' castle.Then they will come. Stability is what they want and it is here they shall find this.

3) Many super rich in Tokyo would never want to suntan under nuclear radiation.

4) Some forex movement and capital realignment in the global markets into Lion City recently is indicative of the impending mass exodus here. They are tending the garden here to ready for the move. I am not talking about the hedge funds, but the private funds!

Well, your humble brother here is ready for them. "Welcome to Singapore", says Chow Yuen Fatt.

http://www.youtube.com/watch?v=AclwZliZlOs

[Petersim]

Hi BJ21T,
Any insights to the below?
thanks.

Hi Blackjack 21 Trader,

I heard a rumour that in order to attract the white collar Indian nationals from India to work in the banking industry in Singapore, a lot of the banks are offering concessions to these potential new migrants. Two of which are :

1. The bank can work out a special arrangement with the Indians such that to purchase a property here, they only have to pay a minimum 10% down payment on their own (of course they can choose to pay more), and the rest of the LTV can be on bank loan (with the bank who employs them).
2. The Indians are given a concessionary interest rate on the mortgage loan which is lower than the prevailing interest rate.

I believe the whole purpose of this scheme by the banks is to retain the talent within their company, where the banks take over the mortgage risk. Has your grassroots been able to capture this information ? If true, then will be good for the cluster of condo developments favoured by the Indian community, especially with the reported news of the government approval of more than 60,000 Indian nationals to work on white collar jobs in Singapore?

[blackjack21trader]

Hi BJ21T,
Any insights to the below?
thanks.

Dear brother Petersim, I am not aware of such arrangement.

However, the AhPunehnehs that are buying here now are the first wave or the worker ants for the Super Rich: the worker ants are usually New Yorker Like Bankers and Silicon Valley Like IT professionals.

Well, before one want to move in in a big way, one would need the basic foundation in human infrastructure especially in the financial sector, am I not correct to say that?

I know that the ahpunehnehs that works in banking and IT sectors are definately buying into the mass condos now. The Ah Tiongs that r buying into Singapore property now are the more entrepruneurial business operators type.

In addition, I personally do not think the professional ahpunehnehs would need much financing help because majority of them are land owners back in India either through self acquisition or inheritance. Recent months seen a hyper rise in asset prices in India. Of course they would want to exchange that for a better life here. Take note that some of them lives in war zones near to India borders. We should welcome them much like our forefathers used to escape from civil wars in China or India.

I know they are buying a few months ago before the mass media got wind of this is because I own a few mass market condos in East and West Coast. My grassroots have been seeing more and more Ah Tiongs and Ahpunehnehs buyers instead of the usual local or Indonesian buyers.

It is only when the first and second waves take their roots here will the Super Rich move in.

Keywords: Ah Tiongs = Chinese from China, Ahpunehnehs= Indian from India, AngMokias= Westerners, ChewHukias= Our brothers in Malaysia.

Disclaimers: JMHO. This message is Not an advice for investment decisions.

[proper-t]

quote from Temasek review

Subject: Singapore to recruit another 60,000 Indian PMETs in 2011 – Times of India





May 12th, 2011 | Author: Temasek Review


According to the Times of India, Singapore has emerged as one of the world’s largest hiring markets this year which offers “opportunities” for Indians.
It is reported that Singapore expects to hire over 300,000 mid to senior professionals in 2011 of which20 percent of this ‘talent’ will be from India.
These Indian ‘talents’ will fill positions primarily in banking, hospitality, technology, manufacturing, oil & gas, healthcare, mining and textiles industries.
Some multi-national banks in Singapore apparently recruits more than half its staff from India, though these jobs can easily be done by Singaporeans with a degree or diploma.
Jayanthi Y, a HR manager said:
“Singapore today offers a never-before opportunity for Indian talent. Its proximity is an attractive element, while salary is the biggest attraction . Professionals receive 4 to 5 times what they are paid in India.”
(Source: Times of India)
Two weeks ago, PAP de facto leader Lee Kuan Yew sounded an ominous warning to Singaporeans:
“Please remember: We still need 900,000 foreign workers on work permits.”
Like in the past, these Indian expats are likely to be offered Singapore PR and citizenships by the PAP regime in double-quick time and get recruited into grassroots organizations and the PAP itself, an example being YPAP leader and new citizen from India Sinha Shekhar who lives in a condominium while subletting his resale HDB flat for rental income.
The growing number of new citizens in Singapore will surely dilute the voices and votes of native Singaporeans in the future and we may soon see PAP candidates from India or China who have never served a single day of NS be fielded in the next election.

[blackjack21trader]

Does any of brothers here know what "神龙“ meant in my nickname or not? Ki Chew ! ( Raise up your hans ) ......... Ok... “神龙” is not "god" or "oracle", it means "AROWANA". Or, like Mr Yap of QianHu Fish Farm likes to say, it is called "DRAGONFISH".

Now u r wondering why would u want to know my nick. Well, let me enlighten you the character of the "AROWANA" fish. You see, this carnivorous fish will never want to touch its prey if it does not want to. Even when the preys swim around it and knocks onto its body. Or even, bites its tail, the DRAGONFISH will not fight back.

However, once this fish decides to take its prey, it will bite onto it and will never let go under all circumstances. Yes... ALL CIRCUMSTANCES. Even if you put your hands into the water and swing the DRAGONFISH around the tank, it will never let go its prey.Or, if you grab it out of the water, it will still bite onto its prey.

What does this tell you? Once you got a gem in property, even if they use a hammer on your head... YOU SHALL NOT SELL CHEAPLY TO THEM.

[devilplate]

I LOVE IT!

SHEN LONG!

but ppl say if u keep one and if it dies, means very bad luck?

[DaytonaSS]

I LOVE IT!

SHEN LONG!

but ppl say if u keep one and if it dies, means very bad luck?

No, it means the Dragon Fish block the bad luck and die. 1 "catastrophe" blocked!!

[DaytonaSS]

Dear brother Petersim, I am not aware of such arrangement.

However, the AhPunehnehs that are buying here now are the first wave or the worker ants for the Super Rich: the worker ants are usually New Yorker Like Bankers and Silicon Valley Like IT professionals.

Well, before one want to move in in a big way, one would need the basic foundation in human infrastructure especially in the financial sector, am I not correct to say that?

I know that the ahpunehnehs that works in banking and IT sectors are definately buying into the mass condos now. The Ah Tiongs that r buying into Singapore property now are the more entrepruneurial business operators type.

In addition, I personally do not think the professional ahpunehnehs would need much financing help because majority of them are land owners back in India either through self acquisition or inheritance. Recent months seen a hyper rise in asset prices in India. Of course they would want to exchange that for a better life here. Take note that some of them lives in war zones near to India borders. We should welcome them much like our forefathers used to escape from civil wars in China or India.

I know they are buying a few months ago before the mass media got wind of this is because I own a few mass market condos in East and West Coast. My grassroots have been seeing more and more Ah Tiongs and Ahpunehnehs buyers instead of the usual local or Indonesian buyers.

It is only when the first and second waves take their roots here will the Super Rich move in.

Keywords: Ah Tiongs = Chinese from China, Ahpunehnehs= Indian from India, AngMokias= Westerners, ChewHukias= Our brothers in Malaysia.

Disclaimers: JMHO. This message is Not an advice for investment decisions.

Everytime read your posting, cant help but feel like rushing out to buy another unit! BJT21 Master 3rd Eye

[Fisherman]

Hi BJ21T,

So you think a landed in CCR will beat that of a condo when the exodus of the rich comes to this LionCity? I still think that holding a prime freehold landed is still the best strategy under current environment - new policies, new mininister, uncertain global economic climate.................... What's your take on this?

[devilplate]

Hi BJ21T,

So you think a landed in CCR will beat that of a condo when the exodus of the rich comes to this LionCity? I still think that holding a prime freehold landed is still the best strategy under current environment - new policies, new mininister, uncertain global economic climate.................... What's your take on this?

provided the super rich take up citizenship?

one day if SG allow dual citizenship....CCR landed can easily doubled

[proper-t]

You don't need new citizenship to increase. As long as foreigners or PRs keep streaming in, there will be a crowding out effect :

First, they will invade the heartland HDB ( ithink its already happened)

Effect : Locals rent out or sell (for PRs) their HDBs to them

Next, armed with cash, the locals buy condos/apts in the outskirts (also has happened)

Next, foreigners and PRs will start buying up condos/apts from the locals. Super rich foreigners buy super prime whilst the lower end will buy in the outskirts. (Has also happened but to a small extent - resale mkt has yet to take off)

Locals will be sandwiched, once their condo community becomes crowded with foreigners. Even upgrading to highend prime condos is no solution since it will be crowded with foreigners too. They will feel alienated and sell off to these foreigners or PRs and then turn to buy landed because this is the only private segment which is restricted to foreigners.

[avo7007]

Hey BJ21T, can your third eye see far to Iskander? Is this where Singaporean would flock after been squeezed out of the local pty market?

[Petersim]

Thanks BJ21T. Agree very much to your insights. Like you say, we should not give up our jewels to them too easily !

Dear brother Petersim, I am not aware of such arrangement.

However, the AhPunehnehs that are buying here now are the first wave or the worker ants for the Super Rich: the worker ants are usually New Yorker Like Bankers and Silicon Valley Like IT professionals.

Well, before one want to move in in a big way, one would need the basic foundation in human infrastructure especially in the financial sector, am I not correct to say that?

I know that the ahpunehnehs that works in banking and IT sectors are definately buying into the mass condos now. The Ah Tiongs that r buying into Singapore property now are the more entrepruneurial business operators type.

In addition, I personally do not think the professional ahpunehnehs would need much financing help because majority of them are land owners back in India either through self acquisition or inheritance. Recent months seen a hyper rise in asset prices in India. Of course they would want to exchange that for a better life here. Take note that some of them lives in war zones near to India borders. We should welcome them much like our forefathers used to escape from civil wars in China or India.

I know they are buying a few months ago before the mass media got wind of this is because I own a few mass market condos in East and West Coast. My grassroots have been seeing more and more Ah Tiongs and Ahpunehnehs buyers instead of the usual local or Indonesian buyers.

It is only when the first and second waves take their roots here will the Super Rich move in.

Keywords: Ah Tiongs = Chinese from China, Ahpunehnehs= Indian from India, AngMokias= Westerners, ChewHukias= Our brothers in Malaysia.

Disclaimers: JMHO. This message is Not an advice for investment decisions.

[blackjack21trader]

Hi BJ21T,

So you think a landed in CCR will beat that of a condo when the exodus of the rich comes to this LionCity? I still think that holding a prime freehold landed is still the best strategy under current environment - new policies, new mininister, uncertain global economic climate.................... What's your take on this?

Many developers are squatting in the few landed like Cairnhill or behind lucky plaza. If u have the money, join them or kick them out !

LOL

[ysyap]

Many developers are squatting in the few landed like Cairnhill or behind lucky plaza. If u have the money, join them or kick them out !

LOL

Its a lot of money to kick them out... its the developer's playground now until something is done!!!

[McKinnon]

spoon-head, no plj, intense red cheeks

Does any of brothers here know what "神龙“ meant in my nickname or not? Ki Chew ! ( Raise up your hans ) ......... Ok... “神龙” is not "god" or "oracle", it means "AROWANA". Or, like Mr Yap of QianHu Fish Farm likes to say, it is called "DRAGONFISH".

Now u r wondering why would u want to know my nick. Well, let me enlighten you the character of the "AROWANA" fish. You see, this carnivorous fish will never want to touch its prey if it does not want to. Even when the preys swim around it and knocks onto its body. Or even, bites its tail, the DRAGONFISH will not fight back.

However, once this fish decides to take its prey, it will bite onto it and will never let go under all circumstances. Yes... ALL CIRCUMSTANCES. Even if you put your hands into the water and swing the DRAGONFISH around the tank, it will never let go its prey.Or, if you grab it out of the water, it will still bite onto its prey.

What does this tell you? Once you got a gem in property, even if they use a hammer on your head... YOU SHALL NOT SELL CHEAPLY TO THEM.

[hopeful]

YO BJ21, what does your 3rd eye about the bursting of dollar bubble, debt bubble and hyperinflation?
what can we do to protect our wealth?

[smallant]

Blackjacktrader21 ! Salute u man !
You sure can TCSS ! !
ha ha ha ha ha

[stl67]

I LOVE IT!

SHEN LONG!

but ppl say if u keep one and if it dies, means very bad luck?

i love it too..at one stage I got 4 Golden, 3 Red and 1 24k Goldie... over the years, 1 by 1 start to die... now left only one... don't plan to buy anymore. so heartache... now everytime I see Red and Chioh Arrowanna, I feel so sad...

[ysyap]

i love it too..at one stage I got 4 Golden, 3 Red and 1 24k Goldie... over the years, 1 by 1 start to die... now left only one... don't plan to buy anymore. so heartache... now everytime I see Red and Chioh Arrowanna, I feel so sad...

goldfish and guppies easier to rear...

[devilplate]

i love it too..at one stage I got 4 Golden, 3 Red and 1 24k Goldie... over the years, 1 by 1 start to die... now left only one... don't plan to buy anymore. so heartache... now everytime I see Red and Chioh Arrowanna, I feel so sad...

I can understand even though i dun own one b4...it can b as close as having a dog

[devilplate]

goldfish and guppies easier to rear...

U mean easier to die?

[hopeful]

i love it too..at one stage I got 4 Golden, 3 Red and 1 24k Goldie... over the years, 1 by 1 start to die... now left only one... don't plan to buy anymore. so heartache... now everytime I see Red and Chioh Arrowanna, I feel so sad...

can a person pet an arowana, as like stroking the bump on luohan fish?
can it handle handling well or will get stressed and die?