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Thread: to Blackjack 21 Trader - waiting for explanation

  1. #271
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    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 !

  2. #272
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    The Ark of the Seven Seasons: On top of MBS
    The Omega Disk : On top of High Street
    The River of Life: Singapore River
    The Fountain of Wealth: Suntec City
    The Fountain of the Great Seven Crystals: Kallang River
    The Crystal of Knowledge: Botanic Garden
    The Nine Flags of Dragons: Nassim Jade
    The Defender of Peace: Universal Studio,Sentosa
    Guardian Gate of the Western Star: Changi Airport
    The 9 Dragons: Marina Barrage

  3. #273
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    You have a very fertile imagination and are a very creative individual. A rare and potent combination of creativity, logic and superb grasp of the fundamentals of human nature.

    Quote Originally Posted by blackjack21trader
    The Ark of the Seven Seasons: On top of MBS
    The Omega Disk : On top of High Street
    The River of Life: Singapore River
    The Fountain of Wealth: Suntec City
    The Fountain of the Great Seven Crystals: Kallang River
    The Crystal of Knowledge: Botanic Garden
    The Nine Flags of Dragons: Nassim Jade
    The Defender of Peace: Universal Studio,Sentosa
    Guardian Gate of the Western Star: Changi Airport
    The 9 Dragons: Marina Barrage

  4. #274
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    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?

  5. #275
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    I dont write like u but i agreed with yr comments on this. how expensive is expensive and how cheap is cheap? We need to look at link and accessability and future plans as a whole.


    Quote Originally Posted by blackjack21trader
    With the vast expansion of our MRT lines and transport highways. It will be in no time that the West Coast and East Coast have the potential to reach S$1800 and above. To you, S$1800psf is expensive, but in foreign lands, they have been living with that price for years. Under less cosy environments than us some more. Lion properties are severely undervalued.

    I used to think the magic year will be 2018. Guess I was wrong and now think it will be 2012 because of the rate of completion of these infrastructure here.

    Coupled with the watershed win by PAP. This will only expedite the building process. If you ever noticed, PAP already squatted many mass market HDB besides MRT stations for the general public. This is the advantage they gained for the majority of local Singaporean here.

  6. #276
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    Master 3rd eye, thanks for the insightful sharing. I guess the influx of Chinese , Malaysian n Indian buyers r strong proof of your analysis.

  7. #277
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    Quote Originally Posted by DaytonaSS
    Master 3rd eye, thanks for the insightful sharing. I guess the influx of Chinese , Malaysian n Indian buyers r strong proof of your analysis.
    As well as Indonesian buyers...

  8. #278
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    Quote Originally Posted by blackjack21trader
    With the vast expansion of our MRT lines and transport highways. It will be in no time that the West Coast and East Coast have the potential to reach S$1800 and above. To you, S$1800psf is expensive, but in foreign lands, they have been living with that price for years. Under less cosy environments than us some more. Lion properties are severely undervalued.

    I used to think the magic year will be 2018. Guess I was wrong and now think it will be 2012 because of the rate of completion of these infrastructure here.

    Coupled with the watershed win by PAP. This will only expedite the building process. If you ever noticed, PAP already squatted many mass market HDB besides MRT stations for the general public. This is the advantage they gained for the majority of local Singaporean here.
    Now it is about $1100 psf along west coast. I think $1300 psf is more likely in end 2012, when Hundred Trees is about to TOP. But you may be right if the GLS in JLD continues to smash records.

  9. #279
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    Quote Originally Posted by hyenergix
    Now it is about $1100 psf along west coast. I think $1300 psf is more likely in end 2012, when Hundred Trees is about to TOP. But you may be right if the GLS in JLD continues to smash records.
    If west coast hits $1300 psf, what will become of city fringe areas like Boon Keng and PP??

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    Also increase also loh!

    Paya Lebar is another upcoming location to look out for, but its story is not as drama as JLD, so % increase may not be as large as JLD. This will benefit PP as the area is accessible via PIE or upper Paya Lebar road from PP.

  11. #281
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    yo BJ21, why now bullish?
    you seems bearish just after GE, when PAP lost Aljunied.

  12. #282
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    Quote Originally Posted by hyenergix
    Also increase also loh!

    Paya Lebar is another upcoming location to look out for, but its story is not as drama as JLD, so % increase may not be as large as JLD. This will benefit PP as the area is accessible via PIE or upper Paya Lebar road from PP.
    Paya Lebar and JLD are the two up and coming areas. Capland may soon extend its reach to Paya Lebar.

    Published September 23, 2010
    Business Times

    A Tale of Two Centres

    SINGAPORE’S population reached 5.08 million as at end-June 2010 based on advance estimates. This is a 26 per cent increase from the last census conducted in 2000. The Ministry of Trade and Industry also forecast that the economy would grow between 13 and 15 per cent in 2010 while the long-term economic growth should moderate to a more sustainable level of 5-6 per cent as most economists have suggested. If this population trend supported by the strong economic growth prospect continues, we should expect greater urbanisation of suburban centres.

    The rise of these regional centres not only spreads jobs across the island (so as to avoid overloading the downtown) but effectively expanded the commercial area which was traditionally in the downtown, to meet Singapore’s long-term economic needs.
    Four regional centres were first identified in 1990: Tampines, Jurong East, Woodlands, and Seletar. Seletar was subsequently dropped while Tampines regional centre became an exemplary success of this decentralisation plan. In 1992, Tampines New Town was given the World Habitat Award by the Building and Social Housing Foundation of the United Nations for outstanding contribution toward human settlement and development.
    In addition, several sub-regional centres were also identified to serve as supporting hubs between the Central Business District and these regional centres. They include Buona Vista, Bishan, Serangoon, Paya Lebar, and Marine Parade. These commercial hubs are to be linked by orbital rail lines like the Circle Line. To date, Bishan is an exemplary sub-regional centre, buzzing with a large day and night population served by an MRT interchange, a modern retail mall, offices, and a regional riverine park.
    In May 2008, the Urban Redevelopment Authority (URA) revealed the Master Plan 2008 and announced that there would be further plans to intensify these decentralised commercial hubs. Two of the plans include the Jurong Lake District and Paya Lebar Central. The former is to be transformed into a regional centre for business and leisure and the latter into a sub-regional centre with offices, retail, hotels, and attractive public spaces.
    Jurong Lake District
    Since the 1960s, Jurong has been synonymous with the industrialisation of Singapore. However this image is fast changing. Currently, in addition to the existing industrial areas, there is also a large resident population housed predominantly in public housing and smaller pockets of private housing estates.
    The 2008 Master Plan unveiled grand plans to re- brand Jurong into a more vibrant neighbourhood. Renamed as Jurong Lake District, this 360-hectare precinct will consist of a commercial hub focused on the Jurong East MRT interchange – appropriately named as the Jurong Gateway plus a synergistic connection to the leisure destination around the existing Jurong Lake.
    The 70-hectare Jurong Gateway will be set in a unique lakeside environment, providing some 500,000 sq m of office stock and another 250,000 sq m of retail and entertainment space. This quantum is in fact more than two-and-a-half times the size of today’s Tampines regional centre. Complementing the Jurong Gateway is the International Business Park, as well as the research and educational institutions in the vicinity. Coupled with plans for 1,000 new private homes to be added around the MRT station, and up to 2,800 hotel rooms in the area, it is poised to be the biggest commercial hub outside the CBD.
    The public, including property developers, has embraced the plans for this new district. A few months after the launch of the 2008 Master Plan, Frasers Centrepoint Homes launched Caspian – a 712-unit, 99-year leasehold condominium located close to Lakeside MRT station. This project, despite being launched in the midst of a global economic slowdown, was sold out within weeks of its launch.
    Riding on this momentum, there was also strong interest from developers when another 99-year leasehold residential site adjacent to Lakeside MRT station was launched on the confirmed list in March this year. This 16,117.2 sq m site attracted a total of 14 bids with Keppel Land putting up the winning bid of $499 psf per plot ratio. This is double the land price that Frasers Centrepoint Homes paid for the Caspian site at $248 psf per plot ratio in December 2007.
    In June 2010, the white site at Jurong Gateway Road was awarded to Lend Lease when it submitted the highest tender price for the site at $650 psf per plot ratio.
    As a result of strong interest in Jurong over the past six months, the Ministry of National Development has revised upwards the development charge (DC) rates for the area. According to the URA’s DC map, the Jurong Gateway falls within Sector 112 while Lakeside falls within Sector 113. Based on the commercial use group, Sector 112 witnessed the highest growth among the other 118 sectors at 25 per cent, while Sector 113 was tagged with a growth of 7 per cent. On the non-landed residential use group, both Sectors 112 and 113 saw increases of 13 per cent and 17 per cent respectively.
    In the residential use group, both Tampines and Jurong Gateway started off at a similar implied land value. Possibly through greater interest in the Tampines region since the late 90s, its implied land value has edged higher. Post 2003, the residential implied land value for Jurong Gateway witnessed a surge and now commands a notable premium over Tampines. More residential developments especially in the West Coast/Clementi areas is the main factor.
    Interest for development land in the Jurong Gateway and Lakeside areas are likely to intensify over the next few years. Land prices in these areas are likely to face upward pressure resulting in a narrower gap between Lakeside and Tampines, and Jurong Gateway to command an even higher premium over Tampines eventually.
    Over on the commercial use group, Tampines has been enjoying a premium over the other two sectors since the mid-90s. Recent land transactions however have reduced the premium that Tampines has over Jurong Gateway. It is probable that the implied land value in Jurong Gateway would eventually surpass that in Tampines.
    Paya Lebar Central
    Based on the 2008 Master Plan, the vision for Paya Lebar Central is to develop it into a lively, pedestrian-friendly commercial hub with a distinctive Malay cultural identity. A new public plaza next to Paya Lebar MRT will be developed as a focal point. There are about 12 hectares of land available for development, translating to some 294,000 sq m of office, and another 200,000 of hotel and retail, spaces. In addition, there will be more community spaces and a new and wider pedestrian mall that would enhance the area’s distinctive Malay heritage.
    Listed under the government land sales reserve list, there is presently a commercial site available for tender that is located next to the Paya Lebar MRT interchange. This 1.42-hectare site can generate about 59,640 sq m of commercial gross floor area with further details to be released in December 2010.
    Of all the new growth areas identified by the 2008 Master Plan, Paya Lebar Central seems to be the most inert in terms of activity so far. As compared to Sector 104 (Bishan sub-regional centre), the implied land values for Sector 101 (Paya Lebar Central) for both commercial and residential use groups still lag far behind.
    Perhaps due to the proximity to good schools and established amenities in Bishan, Sector 104 (Bishan sub-regional centre) commands a much higher residential land premium over Paya Lebar Central. In commercial use group terms, the Bishan sub-regional centre again has had a sustained premium over Paya Lebar Central since 1996.
    Looking ahead, as the development plans for Paya Lebar Central are focused mainly on commercial activities around the Paya Lebar MRT interchange, there will be greater pressure on the implied land value to rise to that of the Bishan sub-regional centre. However the same cannot be said for the residential implied land value.
    Conclusion
    Tampines regional and Bishan sub-regional centres are two living examples of the impact of the 1991 Concept Plan. These areas have not only established, but commanded a premium over other areas in terms of land values. If the planner’s vision is upheld and Singapore continues to enjoy sustained economic growth, more property investments in the suburban growth centres can be expected. Land values in places such as Jurong Lake District and Paya Lebar Central can but only move northwards.

  13. #283
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    I am not surprised Paya Lebar next. Should buy their bonds or share if no money for properties in these areas.
    Quote Originally Posted by fclim
    Paya Lebar and JLD are the two up and coming areas. Capland may soon extend its reach to Paya Lebar.

    Published September 23, 2010
    Business Times

    A Tale of Two Centres

    SINGAPORE’S population reached 5.08 million as at end-June 2010 based on advance estimates. This is a 26 per cent increase from the last census conducted in 2000. The Ministry of Trade and Industry also forecast that the economy would grow between 13 and 15 per cent in 2010 while the long-term economic growth should moderate to a more sustainable level of 5-6 per cent as most economists have suggested. If this population trend supported by the strong economic growth prospect continues, we should expect greater urbanisation of suburban centres.

    The rise of these regional centres not only spreads jobs across the island (so as to avoid overloading the downtown) but effectively expanded the commercial area which was traditionally in the downtown, to meet Singapore’s long-term economic needs.
    Four regional centres were first identified in 1990: Tampines, Jurong East, Woodlands, and Seletar. Seletar was subsequently dropped while Tampines regional centre became an exemplary success of this decentralisation plan. In 1992, Tampines New Town was given the World Habitat Award by the Building and Social Housing Foundation of the United Nations for outstanding contribution toward human settlement and development.
    In addition, several sub-regional centres were also identified to serve as supporting hubs between the Central Business District and these regional centres. They include Buona Vista, Bishan, Serangoon, Paya Lebar, and Marine Parade. These commercial hubs are to be linked by orbital rail lines like the Circle Line. To date, Bishan is an exemplary sub-regional centre, buzzing with a large day and night population served by an MRT interchange, a modern retail mall, offices, and a regional riverine park.
    In May 2008, the Urban Redevelopment Authority (URA) revealed the Master Plan 2008 and announced that there would be further plans to intensify these decentralised commercial hubs. Two of the plans include the Jurong Lake District and Paya Lebar Central. The former is to be transformed into a regional centre for business and leisure and the latter into a sub-regional centre with offices, retail, hotels, and attractive public spaces.
    Jurong Lake District
    Since the 1960s, Jurong has been synonymous with the industrialisation of Singapore. However this image is fast changing. Currently, in addition to the existing industrial areas, there is also a large resident population housed predominantly in public housing and smaller pockets of private housing estates.
    The 2008 Master Plan unveiled grand plans to re- brand Jurong into a more vibrant neighbourhood. Renamed as Jurong Lake District, this 360-hectare precinct will consist of a commercial hub focused on the Jurong East MRT interchange – appropriately named as the Jurong Gateway plus a synergistic connection to the leisure destination around the existing Jurong Lake.
    The 70-hectare Jurong Gateway will be set in a unique lakeside environment, providing some 500,000 sq m of office stock and another 250,000 sq m of retail and entertainment space. This quantum is in fact more than two-and-a-half times the size of today’s Tampines regional centre. Complementing the Jurong Gateway is the International Business Park, as well as the research and educational institutions in the vicinity. Coupled with plans for 1,000 new private homes to be added around the MRT station, and up to 2,800 hotel rooms in the area, it is poised to be the biggest commercial hub outside the CBD.
    The public, including property developers, has embraced the plans for this new district. A few months after the launch of the 2008 Master Plan, Frasers Centrepoint Homes launched Caspian – a 712-unit, 99-year leasehold condominium located close to Lakeside MRT station. This project, despite being launched in the midst of a global economic slowdown, was sold out within weeks of its launch.
    Riding on this momentum, there was also strong interest from developers when another 99-year leasehold residential site adjacent to Lakeside MRT station was launched on the confirmed list in March this year. This 16,117.2 sq m site attracted a total of 14 bids with Keppel Land putting up the winning bid of $499 psf per plot ratio. This is double the land price that Frasers Centrepoint Homes paid for the Caspian site at $248 psf per plot ratio in December 2007.
    In June 2010, the white site at Jurong Gateway Road was awarded to Lend Lease when it submitted the highest tender price for the site at $650 psf per plot ratio.
    As a result of strong interest in Jurong over the past six months, the Ministry of National Development has revised upwards the development charge (DC) rates for the area. According to the URA’s DC map, the Jurong Gateway falls within Sector 112 while Lakeside falls within Sector 113. Based on the commercial use group, Sector 112 witnessed the highest growth among the other 118 sectors at 25 per cent, while Sector 113 was tagged with a growth of 7 per cent. On the non-landed residential use group, both Sectors 112 and 113 saw increases of 13 per cent and 17 per cent respectively.
    In the residential use group, both Tampines and Jurong Gateway started off at a similar implied land value. Possibly through greater interest in the Tampines region since the late 90s, its implied land value has edged higher. Post 2003, the residential implied land value for Jurong Gateway witnessed a surge and now commands a notable premium over Tampines. More residential developments especially in the West Coast/Clementi areas is the main factor.
    Interest for development land in the Jurong Gateway and Lakeside areas are likely to intensify over the next few years. Land prices in these areas are likely to face upward pressure resulting in a narrower gap between Lakeside and Tampines, and Jurong Gateway to command an even higher premium over Tampines eventually.
    Over on the commercial use group, Tampines has been enjoying a premium over the other two sectors since the mid-90s. Recent land transactions however have reduced the premium that Tampines has over Jurong Gateway. It is probable that the implied land value in Jurong Gateway would eventually surpass that in Tampines.
    Paya Lebar Central
    Based on the 2008 Master Plan, the vision for Paya Lebar Central is to develop it into a lively, pedestrian-friendly commercial hub with a distinctive Malay cultural identity. A new public plaza next to Paya Lebar MRT will be developed as a focal point. There are about 12 hectares of land available for development, translating to some 294,000 sq m of office, and another 200,000 of hotel and retail, spaces. In addition, there will be more community spaces and a new and wider pedestrian mall that would enhance the area’s distinctive Malay heritage.
    Listed under the government land sales reserve list, there is presently a commercial site available for tender that is located next to the Paya Lebar MRT interchange. This 1.42-hectare site can generate about 59,640 sq m of commercial gross floor area with further details to be released in December 2010.
    Of all the new growth areas identified by the 2008 Master Plan, Paya Lebar Central seems to be the most inert in terms of activity so far. As compared to Sector 104 (Bishan sub-regional centre), the implied land values for Sector 101 (Paya Lebar Central) for both commercial and residential use groups still lag far behind.
    Perhaps due to the proximity to good schools and established amenities in Bishan, Sector 104 (Bishan sub-regional centre) commands a much higher residential land premium over Paya Lebar Central. In commercial use group terms, the Bishan sub-regional centre again has had a sustained premium over Paya Lebar Central since 1996.
    Looking ahead, as the development plans for Paya Lebar Central are focused mainly on commercial activities around the Paya Lebar MRT interchange, there will be greater pressure on the implied land value to rise to that of the Bishan sub-regional centre. However the same cannot be said for the residential implied land value.
    Conclusion
    Tampines regional and Bishan sub-regional centres are two living examples of the impact of the 1991 Concept Plan. These areas have not only established, but commanded a premium over other areas in terms of land values. If the planner’s vision is upheld and Singapore continues to enjoy sustained economic growth, more property investments in the suburban growth centres can be expected. Land values in places such as Jurong Lake District and Paya Lebar Central can but only move northwards.

  14. #284
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    Quote Originally Posted by hopeful
    yo BJ21, why now bullish?
    you seems bearish just after GE, when PAP lost Aljunied.
    Dear brother hopeful,

    I was asking the forumers then to capitalise on the fear in the market to get a better price for their purchase. That week saw many supplies released into the market, some were gems as identified by your humble brother here. I saw an opportunity for Lion brothers to grab those gems as they were rarely available in the markets. These gems I referred to has the following attributes:

    1) Good Location
    2) High Floor
    3) Good View
    4) Good Layout
    5) Easily lettable
    6) Surrounded by many amenities
    7) Supported by transport infrastructure.

    Usually, the owners will squat these units for the rest of their life. The prices were also obviously weakening in the market. A great chance indeed.

    Brother hopeful, I am always for using the property as an asset hedge against inflation. Now even more so after the unstoppable pumping of US$ and Yen. You may not notice the obvious reason but I may be able to point you in a right direction using a simple illustration:

    1) Investors are very fearful of holding loads of cash. History shown that holding cash is a very stupid way of protecting wealth.

    2) Under a low interest, high inflationary environment, holding cash is even more stupider.

    3) Many investors have turned to gold. But join them only if you have a strong risks appetite. Why so? Gold is not an utility asset. That is, you cannot use it to generate income. You can invest in it only for capital gain.

    4) Property is different, it is an utility asset. You can rent it whole or rent it room by room. It will also command a higher price when all other asset classes appreciated. It is the only asset class beside a business and a company share to generate an income stream. Because of this nature, it is less risky.

    5) During the past, without a low interest rate environment and all the mad printing, a property asset can only generate a capped income return. It did not look attractive as a potential for bigger capital gain unless you are holding it for many years.

    6) Now all that has changed. Why ? Because borrowing from the bank to buy a property is cheaper than renting a property from the landlords. Which path would the expatriates choose, you think?

    7) That is the reason why you see more and more foreigners buying Singapore property recently. I suspect the figure will hit 40% in 2 years time.

    8) The properties in an environment with urban redevelopment will return more in the future. This is what is happening to us now: New IRs , business developments, business parks, universities, lakes, recreational parks,infrastructures, etc etc. In contrast, an economy without such urban redevelopment will have no potential to appreciate their property prices.

    Now the prices are obviously weakening although the demand is very strong. This is caused by unfounded fear of Europe crashing in the near term. My take is that European crisis will take at least 20 years to solve. With all the printing going on, very difficult to get out of the hole la. Later, you will see Euro and RMB joining in the madness. LOL. If you have a property portfolio, you can always wait. However, if you have no property on hands, then it is time to consider investing in one.

    Good Luck, Choose your path wisely

    Disclaimers: JMHO. This message is not an advice for investment decisions.
    Last edited by blackjack21trader; 28-05-11 at 08:48.

  15. #285
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    Default Ways to generate income

    "Property is the only asset class beside a business and a company share to generate an income stream."

    How about the following ways?

    1) Buying an annuity and collecting income? (ok, it is not "freehold");
    2) Buying a fixed income instrument and collecting income. Such as Singapore government bond (ok, the yield is low);
    3) High dividend REITs (ok, the risk is high - but so does property. Has anyone not heard of bankrupt case for high flyers "investing" in property?)

    Thanks,
    Richard

  16. #286
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    Default Fair Value

    "With the vast expansion of our MRT lines and transport highways. It will be in no time that the West Coast and East Coast have the potential to reach S$1800 and above. To you, S$1800psf is expensive, but in foreign lands, they have been living with that price for years. Under less cosy environments than us some more. Lion properties are severely undervalued."

    Which cities are you referring? Hong Kong? Tokyo? How do you know the price there is not OVER valued? The property there could drop by half! Are you sure S$1800 psf is not expensive? For a 1000 sqft unit, you are talking about S$1.8M. The 40% down payment would be S$720K. That is HKD 4.3M. The problem is the current policy may classify them into 1st time buyer, so the down payment is halved.

    ARE YOU SURE THE POLICY OF ALLOWING FOREIGNERS TO BUY SINGAPORE PRIVATE PROPERTY WILL NOT BE REVIEWED?

    The policy can be twisted the Australia way: foreigners can only sell to citizens (so developers can make good money, and locals are just waiting for fire sale.) or the China way: foreigners cannot buy property freely. (They can only buy overpriced project - virtually double the price compared with next door project.)

    Thanks,
    Richard

  17. #287
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    Bro BJ21T,

    What are your views on the USD and the impact that a collapse will have on the global economy and in particular the property markets in the various countries?

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    Smile

    With looming policy risks, the safest route is to go for well located freehold/999 leasehold landed. Scarcity in supply and restriction in ownership to locals with few exceptions almost guaranteed its appreciation in the long term!!!!!!!!!!!!!!!!

  19. #289
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    Quote Originally Posted by richwang
    "Property is the only asset class beside a business and a company share to generate an income stream."

    How about the following ways?

    1) Buying an annuity and collecting income? (ok, it is not "freehold");
    2) Buying a fixed income instrument and collecting income. Such as Singapore government bond (ok, the yield is low);
    3) High dividend REITs (ok, the risk is high - but so does property. Has anyone not heard of bankrupt case for high flyers "investing" in property?)

    Thanks,
    Richard

    Yes, i agree those u mentioned r also income generating instruments

  20. #290
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    Quote Originally Posted by richwang
    "With the vast expansion of our MRT lines and transport highways. It will be in no time that the West Coast and East Coast have the potential to reach S$1800 and above. To you, S$1800psf is expensive, but in foreign lands, they have been living with that price for years. Under less cosy environments than us some more. Lion properties are severely undervalued."

    Which cities are you referring? Hong Kong? Tokyo? How do you know the price there is not OVER valued? The property there could drop by half! Are you sure S$1800 psf is not expensive? For a 1000 sqft unit, you are talking about S$1.8M. The 40% down payment would be S$720K. That is HKD 4.3M. The problem is the current policy may classify them into 1st time buyer, so the down payment is halved.

    ARE YOU SURE THE POLICY OF ALLOWING FOREIGNERS TO BUY SINGAPORE PRIVATE PROPERTY WILL NOT BE REVIEWED?

    The policy can be twisted the Australia way: foreigners can only sell to citizens (so developers can make good money, and locals are just waiting for fire sale.) or the China way: foreigners cannot buy property freely. (They can only buy overpriced project - virtually double the price compared with next door project.)

    Thanks,
    Richard

    Brother richard, very good points u brought up. That is why i always say to proceed with caution. one good example u brought up is Australia. But i believe as long as the rich are squating many empty units, the prices may not soften even if they are percieved as undervalued.

  21. #291
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    The most fearful thing that can happen to the rich is to see their cash eroded as time goes by, without even spending the money. That is why, the more US prints, the more their bank accounts are going to balloon. When you have too much cash on hand, you have to start to learn to invest. When your cash is minimal, there is no need to. Because of the exponential effects on the rate of expansion on cash values.

    You see, the more US prints, the more her US$ is going to be devalued. The more her currency is devalued, the more the RMB gets revalued. This is due to China is the main exporter to US and US is the main importer of Chinese goods. Now herein lies the stalemate, because as Chinese gets more affluent, they want quality goods which only the West can produce like cars and luxury goods. That in turn effectively makes US the main exporter to China and China the main importer of US goods. See the irony here?

    Now, the situation is further aggravated with the unexpected Japan quake. Which Japan has just started her printing motor. So in forex, instead of 2 main currency stalemating. You have 3 major currencies in triplemating now.

    What I think will happen next will be the domino effect of Euro and RMB starts to join in the printing game. That will only lift up the present middle class who are well vested in investing instruments to the upper class. I think when that completed its happening in 2018-2020, you will see Singapore has indeed become the Swiss of the East.

  22. #292
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    Since many of brothers here are so supportive of me, I shall tell you a story told by my grandmother. You see, the gap between the present super rich and the current middle class did not happen overnight. Nor was inheritence of wealth the main driver behind the super rich.

    In 1974-1975, there was the record producer price surge in the West. The major stock market rally then was followed immediately by a period of high asset prices. It was called the 1970s Explosive "BOOM " & Inflationary Period ( Yes, the same boom as coined by Ris Low: http://www.youtube.com/watch?v=xCJXt_y2_Gg ) . This period is as long as 10 solid years. More than long enough for the then middle class to enter the class of the super rich. The effect was felt as far as Singapore and Hong Kong. Remember how more and more of your schoolmates' parents with family business background driving Mercedes to schools in the 80s?

    Does the current scenario sounds like History repeating itself again? ( High gold, commodity prices and stock market rally? ) This current stock market "boom" will again propel the current middle class into the next level. The only exception now is it will only last longer with all the abusive printing around. LOL
    Last edited by blackjack21trader; 28-05-11 at 15:52.

  23. #293
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    Quote Originally Posted by blackjack21trader
    Since many of brothers here are so supportive of me, I shall tell you a story told by my grandmother. You see, the gap between the present super rich and the current middle class did not happen overnight. Nor was inheritence of wealth the main driver behind the super rich.

    In 1974-1975, there was the record producer price surge in the West. The major stock market rally then was followed immediately by a period of high asset prices. It was called the 1970s Explosive "BOOM " & Inflationary Period ( Yes, the same boom as coined by Ris Low: http://www.youtube.com/watch?v=xCJXt_y2_Gg ) . This period is as long as 10 solid years. More than long enough for the then middle class to enter the class of the super rich. The effect was felt as far as Singapore and Hong Kong. Remember how more and more of your schoolmates' parents with family business background driving Mercedes to schools in the 80s?

    Does the current scenario sounds like History repeating itself again? ( High gold, commodity prices and stock market rally? ) This current stock market "boom" will again propel the current middle class into the next level. The only exception now is it will only last longer with all the abusive printing around. LOL
    Stocks haven boom leh.....far cry from 07 high

  24. #294
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    A series of tidal waves sweeps across everyone. As the waves recede, those who have the luxury of vessels find that they have floated on the waves and have moved further ahead. Those who do not have the vessels cannot capitalise on the momentum of the waves and therefore do not really move far from where they were initially.

    Each time this happens, the distance between the haves and the have-nots increases greatly.

    The haves with the largest vessels are in control of the taps. They choose when to turn them on to create the waves and when to turn them off. They revel in the power and control, and use the tap to further strengthen that power and control.

    Their aim is total domination; they use the thickness of the abstractions and layers that they have created, and the shadows (darkness) of their activities to conceal their objectives. Through the pretence of helping, they spread their influence and extend their grip on power.

    Of the rest of the populace, those who are in positions to benefit from their activities choose not to question the intentions of these powerful beings. Those who cannot benefit from the activities have little to fight the waves with. Those who have the fortitude to move from the second category to the first in time forget the pain that they had gone through and now indulge in the "good" life that these benefits give them.

    Quote Originally Posted by blackjack21trader
    Since many of brothers here are so supportive of me, I shall tell you a story told by my grandmother. You see, the gap between the present super rich and the current middle class did not happen overnight. Nor was inheritence of wealth the main driver behind the super rich.

    In 1974-1975, there was the record producer price surge in the West. The major stock market rally then was followed immediately by a period of high asset prices. It was called the 1970s Explosive "BOOM " & Inflationary Period ( Yes, the same boom as coined by Ris Low: http://www.youtube.com/watch?v=xCJXt_y2_Gg ) . This period is as long as 10 solid years. More than long enough for the then middle class to enter the class of the super rich. The effect was felt as far as Singapore and Hong Kong. Remember how more and more of your schoolmates' parents with family business background driving Mercedes to schools in the 80s?

    Does the current scenario sounds like History repeating itself again? ( High gold, commodity prices and stock market rally? ) This current stock market "boom" will again propel the current middle class into the next level. The only exception now is it will only last longer with all the abusive printing around. LOL

  25. #295
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    Great insights! What do you think is the greatest risk that Singapore faces in her quest to become the Asian Switzerland?

    Quote Originally Posted by blackjack21trader
    The most fearful thing that can happen to the rich is to see their cash eroded as time goes by, without even spending the money. That is why, the more US prints, the more their bank accounts are going to balloon. When you have too much cash on hand, you have to start to learn to invest. When your cash is minimal, there is no need to. Because of the exponential effects on the rate of expansion on cash values.

    You see, the more US prints, the more her US$ is going to be devalued. The more her currency is devalued, the more the RMB gets revalued. This is due to China is the main exporter to US and US is the main importer of Chinese goods. Now herein lies the stalemate, because as Chinese gets more affluent, they want quality goods which only the West can produce like cars and luxury goods. That in turn effectively makes US the main exporter to China and China the main importer of US goods. See the irony here?

    Now, the situation is further aggravated with the unexpected Japan quake. Which Japan has just started her printing motor. So in forex, instead of 2 main currency stalemating. You have 3 major currencies in triplemating now.

    What I think will happen next will be the domino effect of Euro and RMB starts to join in the printing game. That will only lift up the present middle class who are well vested in investing instruments to the upper class. I think when that completed its happening in 2018-2020, you will see Singapore has indeed become the Swiss of the East.

  26. #296
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    So the gahmen will allow the prices here to reach 1800 psf in jurong? That's 12k psf hkd.... We will then become the most expensive city in the world?

  27. #297
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    Quote Originally Posted by CCR
    So the gahmen will allow the prices here to reach 1800 psf in jurong? That's 12k psf hkd.... We will then become the most expensive city in the world?
    The £140m flat: World-record price earns mystery buyer room service from a TV chef, a panic room and SAS-trained bodyguards
    By COLIN FERNANDEZ
    These Are the World’s Most Expensive Apartments

    By Jesus Diaz — The world's most expensive apartment buildings are officially finished. Some people paid US$225 million for these houses, bringing the price up to US$9,500 dollars per square foot.
    Err.. brother CCR... Time to wake up !


  28. #298
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    Just around the MRT it is possible since the latest land price there was very high. It is the heart of Jurong - you can find MRT lines radiate outward from there to the residential areas and bus services to the factories in Tuas and Jurong Island. The JTC and HQs of many MNCs are also located at the business park across the road. MND and MEWR may soon relocate to this area. If you add a good retail mall (to just beside the MRT) and recreation zone (around the lake), the potential is huge.

  29. #299
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    Talking

    I know that if you compare the headline grabbing units we will not be highest... But what I am worried is average for OCR where the majority of sin lives... I found an articles in property guru... I feel we should never be less than 40 per cent away from hog prices or else we will be in deep trouble... Umless brother bj21 feels we can command prices that are highest in the world coz pf our living environment...


    Property prices in HK district surge to HK$8,400 psf

    May 27, 2011 - PropertyGuru.com.sg
    Share
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    Home prices in Wong Tai Sin, a district in Hong Kong have increased to an average of HK$8,400 psf, following the release of an additional 50 flats by Kerry Properties at its Lions Rise project in the area.

    Previously, the average selling price of flats in the secondary market in Wong Tai Sin was HK$7,300 psf.

    The latest flats, which are sized between 685 sq ft and 1,078 sq ft, are priced from HK$7.06 million to HK$13.3 million. This represents an increase of 4.7 percent for the last batch released on sale.

    So far, around 320 units of the 968 flats in the project have been sold.

    In a separate transaction, Sun Hung Kai Properties sold almost all the 117 flats at the iUniQ project in Shau Kai Wan within two days. Around 20 percent of the home buyers came from mainland China, while 76 percent are local residents.

    The project is anticipated to fetch a total of HK$800 million.

    Meanwhile, property prices are expected to remain stable in the second half after the government implemented several measures to limit speculation.

    Buggle Lau Ka-fai, Chief Analyst of Midland Realty, said that transactions in the secondary market are expected to drop by 20 percent, attributed to the imposition of a Special Stamp Duty last November.

    Mr. Lau added that more flat-owners are now unwilling to sell, as deposit rates remain low. Instead, they now opt to rent out units.

    For the six months to May, flats being offered for rent rose 17 percent to 6,134 units at the city’s 100 major housing projects, from the six months to November.

    To contact the journalist, you may send your message to [email protected]
    Share
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  30. #300
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    Annuity is a No No!:tsk-tsk especially if you have a family. Suggest you look at other instruments which the value can grow and collect dividend of about 5% pa.
    Quote Originally Posted by richwang
    "Property is the only asset class beside a business and a company share to generate an income stream."

    How about the following ways?

    1) Buying an annuity and collecting income? (ok, it is not "freehold");
    2) Buying a fixed income instrument and collecting income. Such as Singapore government bond (ok, the yield is low);
    3) High dividend REITs (ok, the risk is high - but so does property. Has anyone not heard of bankrupt case for high flyers "investing" in property?)

    Thanks,
    Richard

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