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Thread: Our properties prices are dropping!

  1. #1
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    Default Our properties prices are dropping!

    Against gold price in US$ So properties in Singapore are getting cheaper relatively. With almost 0% interest, it's time to load more properties

    Gold price has surged from US$1600+ to US$1820+ in about a month.
    http://goldprice.org/.

  2. #2
    mutant powerpuff

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    Quote Originally Posted by hyenergix
    Against gold price in US$ So properties in Singapore are getting cheaper relatively. With almost 0% interest, it's time to load more properties

    Gold price has surged from US$1600+ to US$1820+ in about a month.
    http://goldprice.org/.
    Why do u say properties are getting relatively cheaper?
    Unless you have bought lots of gold at its low?
    So the properties are relatively cheaper to u not to everyone.

  3. #3
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    Quote Originally Posted by hyenergix
    Against gold price in US$ So properties in Singapore are getting cheaper relatively. With almost 0% interest, it's time to load more properties

    Gold price has surged from US$1600+ to US$1820+ in about a month.
    http://goldprice.org/.
    Wah wah...misleading title. Gold up, means everything DROPING.? My view is gold might still be a better bet compare to equity, however ppty will still be better than gold in long term. In any case ppl needs roof more than gold.

  4. #4
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    Quote Originally Posted by joelx
    Wah wah...misleading title. Gold up, means everything DROPING.? My view is gold might still be a better bet compare to equity, however ppty will still be better than gold in long term. In any case ppl needs roof more than gold.
    Haha. Gold has reached new peak last night. More liquidity flowing into Singapore. MAS today announced tt they will not interfere interest rate. Naturally e money will flow into property. Likely more pp will buy property n hold. We r going to have quantity bubble.

  5. #5
    Go for Smallest Unit

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    Forum will be very quiet today...

  6. #6
    mutant powerpuff

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    Quote Originally Posted by hyenergix
    Haha. Gold has reached new peak last night. More liquidity flowing into Singapore. MAS today announced tt they will not interfere interest rate. Naturally e money will flow into property. Likely more pp will buy property n hold. We r going to have quantity bubble.
    I would like to think the bubble as a helium balloon, flying up and up to the sky. The sky is the limit, however where is the limit?
    It is very interesting to see which direction we are heading.
    Hopefully when we read this forum many years later, we will be smiling as we recount how we reacted to the stiuation, whatever it may be.

  7. #7
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    margin will be increased for gold very soon...the same happened to silver when it was approaching US$50

  8. #8
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    Forum will be very busy today

  9. #9
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    Quote Originally Posted by Alan Shearer
    Forum will be very busy today


    yes, made busy by people who shorted the market, like me.

    I made at least $5k. in just a few days.

  10. #10
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    Quote Originally Posted by stalingrad
    yes, made busy by people who shorted the market, like me.

    I made at least $5k. in just a few days.
    surprised by the amount u made....shd be 500k rite?

  11. #11
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    Impressive.

    Are you going to retire?

  12. #12
    Exalted

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    Quote Originally Posted by Alan Shearer
    Impressive.

    Are you going to retire?
    retire wif 5k?

  13. #13
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    Quote Originally Posted by stalingrad
    yes, made busy by people who shorted the market, like me.

    I made at least $5k. in just a few days.
    He retired liao... coz a few months ago he made a killing...
    from one trade he made more money then us forummers in a lifetime, so now he can trcae small just to pass time...

    We morons better dont question him...

  14. #14
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    Quote Originally Posted by Alan Shearer
    Impressive.

    Are you going to retire?
    no, not going to retire. How can I retire if I am having such fun watching you guys up to your eyebrows with prime properties getting slaughtered by the coming correction.

    haha, so much fun. where is teddy when you need someone to laugh at.

  15. #15
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    correction in prime properties will affect your carabelle as well, have you thought of that?

    Quote Originally Posted by stalingrad
    no, not going to retire. How can I retire if I am having such fun watching you guys up to your eyebrows with prime properties getting slaughtered by the coming correction.

    haha, so much fun. where is teddy when you need someone to laugh at.

  16. #16
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    Quote Originally Posted by hyenergix
    Haha. Gold has reached new peak last night. More liquidity flowing into Singapore. MAS today announced tt they will not interfere interest rate. Naturally e money will flow into property. Likely more pp will buy property n hold. We r going to have quantity bubble.
    2-mths ago, my brother-in-law put up his EC for sale.. bank value $860k.. less buyer offer but highest offer was $830k.. can't closed at $840k.. so no deal.

    Since the plunge of interest rate beginning of this month.. suddenly more buyers came for viewing.. this time highest offer at $840k.. also found out that bank valued also went up.. so deal was closed very fast.

  17. #17
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    Quote Originally Posted by Regulators
    correction in prime properties will affect your carabelle as well, have you thought of that?
    I don't worry about it because we have more in cash than in properties. We will buy more properties if and when the market corrects 30% or more.

  18. #18
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    Quote Originally Posted by stalingrad
    I don't worry about it because we have more in cash than in properties. We will buy more properties if and when the market corrects 30% or more.
    hope u dont keep ur cash in us$... ha ha ha ah ha h

  19. #19
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    Quote Originally Posted by stalingrad
    I don't worry about it because we have more in cash than in properties. We will buy more properties if and when the market corrects 30% or more.
    How do you know those who own prime properties don't have a lot of cash leh?

  20. #20
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    you guys don't doubt him la... he's made 5k in the only a few days.... got so much cash... he's going to single handedly support the price level in carabelle...

    when every property in CCR drop 30% carabelle will see further rise in prices... potentially $3000psf.... I'm going to call my agent now... sell all my CCR units and go buy carabelle...

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