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Thread: Our properties prices are dropping!

  1. #51
    Just my 2 cent worth..

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    Quote Originally Posted by phantom_opera
    If property stock is a leading indicator ... brace yourself for at least 20% correction in prop market. Note the distance of the index from its 200dMA is at its worst since the last recovery.



    And bear in mind the government regulation is at its worst ever, 4y SSD, 2nd loan @ 60% LTV, must sell private once buy resale HDB ... flood of 50k new HDBs this n next year .... flood of GLS / ECs ... the list goes on... the only saving grace from a crash is probably just rock bottom interest rate
    Prop agents must find another job soon
    Was looking at classified. Many is asking $1.5kpsf for esta and amber. Don't look like the price is going to fall soon.

  2. #52
    Newbie

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    Quote Originally Posted by Douk
    Was looking at classified. Many is asking $1.5kpsf for esta and amber. Don't look like the price is going to fall soon.
    Even though the crocodiles are shouting price droppings, it could
    take some time for the flamingos to come out & hunt for food & fall prey as they are well fed this time round and the food supply at home is really cheap at negative rate...

  3. #53
    mutant powerpuff

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    Quote Originally Posted by 3C
    Even though the crocodiles are shouting price droppings, it could
    take some time for the flamingos to come out & hunt for food & fall prey as they are well fed this time round and the food supply at home is really cheap at negative rate...
    Or a higher being can save the flamingoes by slaughtering the crocodiles for their leather......

  4. #54
    Camper

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    Quote Originally Posted by 3C
    Even though the crocodiles are shouting price droppings, it could
    take some time for the flamingos to come out & hunt for food & fall prey as they are well fed this time round and the food supply at home is really cheap at negative rate...
    Many crocodiles are swimming at my estate. After sending the crocs away, I overheard agents saying most are just looking/shopping around. Looks like many are waiting for price to fall.
    Yee ha! Did I tickle your funny bone?


  5. #55
    mutant powerpuff

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    Quote Originally Posted by ecimbew
    Many crocodiles are swimming at my estate. After sending the crocs away, I overheard agents saying most are just looking/shopping around. Looks like many are waiting for price to fall.
    Maybe the crocodiles will become girraffes as they wait until their neck grow so long.

  6. #56
    Perennial

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    Quote Originally Posted by buttercarp
    Eh, I no property agent leh.
    I have a recession proof job.
    I am just giving my view that I feel that the property market in Singapore is not going to fall anytime.
    Even if fall, it will not affect me cos I don't speculate.
    You are a mortician / undertaker? That's the only recession-proof job I can think of.

    Speculators make the market crash and the crash affects everyone. Bad government spends the nation's country (or money that the country does not even have) and that affects everyone too. If the government prints more money, your $1 is not worth $1 any more. Of course you are affected.
    [I] [/I]

  7. #57
    Music of the night

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    Hoping property price will stay at this level is simply unrealistic as we are living in a globalized world. If Amber asking price still firm, elsewhere like HK/Shanghai may have gone down by 10% and eventually Amber will need to lower their asking prices by 10% too.

    It is not the end of the world and long term potential of SG prop market is good. However, nothing goes up in straight line
    Ride at your own risk !!!

  8. #58
    mutant powerpuff

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    Quote Originally Posted by evergreen
    You are a mortician / undertaker? That's the only recession-proof job I can think of.

    Speculators make the market crash and the crash affects everyone. Bad government spends the nation's country (or money that the country does not even have) and that affects everyone too. If the government prints more money, your $1 is not worth $1 any more. Of course you are affected.
    Hahaha...there are more recession proof jobs around.
    My $1 put in the bank will become less if I leave it there.
    Even if there is a 10-20% price adjustment in property, I can wait.
    I believe in 10 years time it will be more than what I have put in, including the bits and ends. That's the time frame I am looking at.

  9. #59
    Music of the night

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    Aug. 15 (Bloomberg) -- Derek Ma and his family in May sold two of their eight properties in Hong Kong, doubling their money in four years. They’re struggling to sell the other six.

    “We have been trying to offload more, but many sellers are now cutting prices,” said Ma, 36, whose portfolio includes units mainly in the upscale Mid-levels and Island South districts. “There’s definitely a softening in prices.”

    Hong Kong home values, which surged 70 percent in the past two-and-a-half years and outperformed stocks, are set for their biggest decline since Lehman Brothers Holdings Inc. collapsed in September 2008 as land supply increases and global growth slows. Midland Holdings Ltd. and Centaline Property Agency Ltd., the Chinese city’s two biggest real estate agents, said home prices are being reduced by as much as 10 percent.

    “We should see at least a 5 percent further correction in the second half if the crisis in the U.S. and Europe deepens,” said Sylvia Wong, a Hong Kong-based analyst at UOB Kay Hian Ltd. “If there’s enough panic in the market, we expect to see more price cuts.”
    Ride at your own risk !!!

  10. #60
    Junior

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    Quote Originally Posted by phantom_opera
    Hoping property price will stay at this level is simply unrealistic as we are living in a globalized world. If Amber asking price still firm, elsewhere like HK/Shanghai may have gone down by 10% and eventually Amber will need to lower their asking prices by 10% too.

    It is not the end of the world and long term potential of SG prop market is good. However, nothing goes up in straight line
    EuHabitat was selling very well today. showroom was packed throughout in the pm,saw many cheques presented. there were many enthusiastic buyers,was wondering if the recent meltdown had no effect on them?

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