The so called expert expect mkt to correct 10 to 20%, how will Echelon & Le Fiesta price to drop? Who will sell? May as well don't exercise the option.
Newbie
The so called expert expect mkt to correct 10 to 20%, how will Echelon & Le Fiesta price to drop? Who will sell? May as well don't exercise the option.
Junior
Good brother Tay EG ! You are right. The experts are all TAU NOW BO HOSAY !Originally Posted by Tay EG
how so? Let your humble brother explains.
During the 70s-80s, there were only 200 millions Americans who made up about 60% of the global demand. Now you have 2 latent demands of 1.5 billion in China and 1 billion in India.
I forsee the future global demand to come from the uncovering of these 2 great countries on Earth.
Already, smartphones industry has made great inroads into these 2 countries. The Auto and Aviation industries have also made great leaps into these 2 countries.
The next should come from the Healthcare industry, but so far because of the higher barrier of entry in China; there has only been some successes.
The USA could again unveil an ace card very soon, which will unlock these 2 demands further.
Good Luck.
Junior
Landed will drop while the rest of the property segments continues to remain healthy and rise.
Senior
Is there any particular type of landed? Can be more specific?
Newbie
Another thought, all recent buyers after CM6 have to lock in 4 yrs. mostly have plan & can hold on for at least 4 yrs, these ppl are not stupid right, then, who will sell?
Investors should have expected interest rate to go up, rental mkt to be soft in next 3 yrs, world might go into recession,....
Those not affected by CM5 & 6 & already sitting on huge profit can afford to give 10 to 20 discount to sell, but why would they sell? They might not buy any property after CM7, then sitting with lots of cash must have avenues to go to for similar return, where?
In conclusion, how to say that these ppl are expert?
Junior
You are so right. Those that bought on CM5 and CM6 are in fact locked unless they wish to sell and get a less attractive loan package relative to the one they already secured in their hands.
Investors already factored in many risks in their purchases. IT IS the first time buyers we should seek to protect. These people are our babies to buy our private properties from us like 15-20 years down the road when your humble brother retiresWe should all work to make sure they are successful in their first property investment.
Junior
Yes, those that are grossly over priced relative to their land size. You can find many in propertyguru
Junior
Currently, there is a global battle going on. The battle for the brainpower.
Countries that are able to attract this talent group and make them stay will emerge as the winner in the next 10 years.
It is very obvious by now, why USA can be so successful in the past 20 years. They are able to attract and tap into this brainpower.
This brainpower is the one that create new industry and move the world demand. And they are highly mobile. Because of their talents, they have the financial ability to move around globally.
Singapore is the only country on Earth now that can give their next generation a secured and stable future- financially and socially.
Junior
Because of rapid globalisation in the past 20 years. A New World Market will emerge within the next 5 years. There will not be any distinction for the origination of a product whether it is from USA or China.
The distinction will be, where the location of these inventors called home that shall make a difference. With the Internet, this group of brainpower can be in Singapore , Marketing Team in USA, Factory in China, and the final product/distribution in India or Russia.
These inventors will bring prosperity and growth to the nation they called home. And My Third Eye can see very clearly Singapore is on their radar screen now.
Junior
Imagine you are an inventor, in this case, A CEO of a global consumer shampoo product.
Do you wish to stay in a place where there is constant disruption to your creativity like riots ?
Do you wish your creativity to end up in the graves due to crimes,accidents ?
Do you wish your ideas to never see the light of the days due to some flooding over your laptop ?
Disruption is what this group fear. And security is what they want.
Junior
Why I say within the next 10 years?
Because an event or a technological revolution will take place in about 3 years time. When this technology emerge, it will totally change the landscape of how we view our world and how we consume our products.
This revolution is greater than the Internet or the Automobile.
This revolution is known by those in the know as " The Age of Abundance."
I hope you do not become redundant by then.
Newbie
who will sell - what about those who recently bought an upgrade unit of a bigger size, say a unit of > 2 mil and need to let their current unit of 1.2 million go? did u hear some of our forummers actually got a good deal just after cm? did the prices drop after each cm and after a few quarters pick up? so what makes this so different from the previous cm?
Junior
During the Age of Abundance, many new jobs will be created, and so will many old and obsolete jobs be gone. Just like in the good old days, where the typist is replaced by the personal computer.
Many jobs will become redundant. But there is one job that can never go obsolete: The Landlord.
Good Luck.
Junior
good question. this point deserves deeper contemplation
Newbie
Sure got ppl sell house in the mkt, but, sell at big discount or flat? Many ppl selling or handful? I think not many sellers.
Newbie
I believe if you let him select between Singapore, Indian or China or Russia. Singapore will be the last place he will want to invest in bah.. Cost is high.. Domestic Market is small.. Not really a good place to set up ba...
Newbie
I believe CM is meant for stabilizing the market and not crashing the market. CM will never crash the market... The price will move up or down a bit and then stabilize again. The government can never let the market crash.. It just not just the property market but also all the banks will be in great trouble just like what happen in USA. Now the problem is that the seller cannot sell as the SSD will either eat into the profit or make you lose more... For example you bought last year and the price went up 5%.. can you sell? Cannot right due to the SSD... If really people are still selling, then really good luck
Newbie
those who sell will form the basis of the statistics - ura ppi. that's why you always hear great buys after each cm. that why ppi drops after implementation of each cm. that's why prices of property counter drop after each cm. that's why it is a good time to do house hunting after each cm (only this time, 2nd property will have absd, so it will benefit the first timer).
Junior
the extra costs is a small price to pay for family safety and personal life. Same concept as the extra money to pay for a safer car.
Good Luck.
Newbie
check the chart out. note may 96 vs july 97. note the dip started in may 96. why? sometimes government policy has impacts so great it cannot control. that's why this time, it is very careful. Because of may 96, it is fearful of crashing the market.
http://www.redas.com/einformation/mt...vtmeasures.pdf
Newbie
The seeds of all recession are planted during the booming years
Lazy Bum
They didnt expect the AFC to hit straight after they implemented the CMs... so on hindsight they do not unleash harsh CMs all at once nowaday for fear on any unforeseen circumstance
When you have eliminate the impossible, whatever remains, however improbable, must be the truth
Junior
Landed will drop while the rest of the property segments continues to remain healthy and rise.
Junior
the extra costs is a small price to pay for family safety and personal life. Same concept as the extra money to pay for a safer car.
Good Luck.
Ultimate Underdog
To this group, the increase of costs is only small change. Their business type also might require v limited space...
Junior
I heard from a friend that the environmental condition in Beijing is currently very bad. The air is very polluted. It is very obviously a health hazard to live there. HK also has poor air quality.
Senior
Look at this picture, then closed your eye and imagine 85 of this a month.
http://www.forbes.com/sites/afonteve...lls-below-6-5/
http://www.cnbc.com/id/100371478/Jap..._Boost_Economy
http://www.marketoracle.co.uk/Article32265.html
They don't have this during AFC.
Last edited by Arcachon; 20-01-13 at 17:28.
Senior
http://www.iproperty.com.sg/news/214...le-here-yet-MM
There is probably no bubble in Singapore's property market, Minister Mentor Lee Kuan Yew said yesterday.
The sharp price rises that have been seen are 'part of the total liquidity in the whole world system', said Mr Lee, noting that interest rates are low, and foreigners still see properties as affordable.
'Even if we cap our excess, people in Hong Kong, Indonesia, will say, compared to what I have to pay, Singapore is cheap, let's buy it,' he added.
'And apart from landed properties, they can buy into any condos.'
Newbie
look at ppi, drop took place in may 1996, afc was in july 1997. Drop was caused by cooling measure in may 1996 not by afc. look at the chart. do not under estimate policies.
Junior
Totally agree with grandfather Lee. Remember he spoke about the Golden Era long time ago? Looks like it is happening now with China latest GDP figures which beat analysts' estimates.
Ben did not use the QEs to spend. In fact, Obama cut spending by nearly a Trillion in 2011. The QEs was used to purchase assets instead- READ BEN's lips carefully. Buying assets is akin to hedging against her own currency. It is a clever strategy.
During the 70s-80s, the world was not that globalised. But now, you need more and more US$ to go around the system.
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