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Thread: Our properties prices are dropping!

  1. #26
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    Quote Originally Posted by cl0ver
    i think its silly to assume hot money flow into singapore is mainly to buy properties....
    why not singapore stocks?

    so far, those who bought last month are mainly locals so i think foreign investors are still staying away... with all the recent cooling measures....

    on a broader picture.... you can see HK housing prices are already on its way down... so their measures are showing effect....
    will SG follow???

    Was told there there are indeed plenty of hot money coming into Singapore property sectors to scope up private properties and even landed for redevelopment (through proxy or company).

  2. #27
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    Quote Originally Posted by stalingrad
    I really pity many of the investors in properties. they never read newspapers. they never do a serious analysis of economic outlooks. US is tanking, Euro zone is tanking, China is having a hard landing. But these morons just keep on buying properties. the whole world is falling apart. the economic order as we know it will soon end, replaced by something totally unknown. but singaporeans keep on buying properties in these situations, from developers in particualr. Now they are losing their shirts when the market corrects.

    ignorance is not bliss, you know.
    what do you do with all the cash then? hmm....
    doing nothing with the hot money will shrink its value...

    over last 2 days, 3 banks called me to offer me cash at 5% pa...
    of course i reject... and guess what, from 5%, go down to 2.88%pa...
    really a big problem for banks now? too much cash....

    i'm no economic expert, just thinking logically... but of course not all properties are created equal... buying from developers has its pros and cons.. although i tend to agree, its somewhat quite costly now for the new launches...

  3. #28
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    Hot money flowing in doesnt mean actual $, it could be institutional who buy Sgd and sell USD, just like commodities, you don't get the physical asset from the trade, is a futures index...bank has more liquidity is because fund manager decide to hold on to cash rather than other type of investment.

  4. #29
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    Quote Originally Posted by stalingrad
    I really pity many of the investors in properties. they never read newspapers. they never do a serious analysis of economic outlooks. US is tanking, Euro zone is tanking, China is having a hard landing. But these morons just keep on buying properties. the whole world is falling apart. the economic order as we know it will soon end, replaced by something totally unknown. but singaporeans keep on buying properties in these situations, from developers in particualr. Now they are losing their shirts when the market corrects.

    ignorance is not bliss, you know.
    So you rather put money in bank?
    If you got money, it is good to buy something tangible like property.
    It may drop but if you got holding power, you can hold on to it.
    Property is a win win situation if you don't have to borrow to the hilt.

  5. #30
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    Quote Originally Posted by joelx
    Hot money flowing in doesnt mean actual $, it could be institutional who buy Sgd and sell USD, just like commodities, you don't get the physical asset from the trade, is a futures index...bank has more liquidity is because fund manager decide to hold on to cash rather than other type of investment.
    after buying Sgd, then do what? if accordingly to SIBOR, its negative, means the institutions need to pay banks money to hold their SGD ca$h?

    maybe not too bad, assuming $SGD appreciate faster than $USD, then maybe leaving the ca$h in bank make sense, if nett nett still make money after converting back to $USD....

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