Land Storm is Coming!!!

[Arcachon]

Southbank 2 Bedroom selling for SGD 535,000 anyone interested.

[Arcachon]

But there is a broader secret to Texas's success, and Washington reformers ought to be paying very close attention. If there's one thing that Congress can do to help protect borrowers from the worst lending excesses that fueled the mortgage and financial crises, it's to follow the Lone Star State's lead and put the brakes on "cash-out" refinancing and home-equity lending.

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A cash-out refinance is a mortgage taken out for a higher balance than the one on an existing loan, net of fees. Across the nation, cash-outs became ubiquitous during the mortgage boom, as skyrocketing house prices made it possible for homeowners, even those with bad credit, to use their home equity like an ATM. But not in Texas. There, cash-outs and home-equity loans cannot total more than 80 percent of a home's appraised value. There's a 12-day cooling-off period after an application, during which the borrower can pull out. And when a borrower refinances a mortgage, it's illegal to get even a dollar back. Texas really means it: All these protections, and more, are in the state constitution. The Texas restrictions on mortgage borrowing date from the first days of statehood in 1845, when the constitution banned home loans.

http://www.washingtonpost.com/wp-dyn...040304983.html

[DC33_2008]

Sorry. Grammatical error "You will WORRY first before me". I am just merely responding to your Key question of this thread "Land storm is coming".

IF?

[Ringo33]

History will repeat itself. Deep pocket? Holding power? Hold forever?

Stop kidding yourself..

[imjason]

If my FH landed is to devalue back to $10,000. What do you think will happen to your mortgage MM LH at the gateway? You will worried first before me.

The IF assumption of FH landed devalue to $10,000 will never happen and would not flash across any wise-man mind.... This question is worthless, left alone further discussion...

Where is your FH landed? which year u bought? - glad that you made the right move to sit on pile of gold now!

[Arcachon]

The IF assumption of FH landed devalue to $10,000 will never happen and would not flash across any wise-man mind.... This question is worthless, left alone further discussion...

Where is your FH landed? which year u bought? - glad that you made the right move to sit on pile of gold now!

The value of the FH landed did not increase, it it the value of the money depreciated by inflation due to printing of money.

[Arcachon]

June 2006 - 2 Bedroom at Southbank SGD 535,000. The building became older, the lease became shorter, the painting need to repaint etc and it value at SGD 1,550,000 in 2014, 4 years after TOP.

The value of the 2 Bedroom did not increase, it is the value of money depreciated due to the printing of money.

Do we have any problem with CPF before 2006, why the sudden of CPF problem, it is because the printing of money have robbed the people of their money.

The more money you have in the Bank the more it is being robbed by the printing of money.

Don't believe, please deposit SGD 1,000,000 in the bank and tell me what can you buy a year later.

http://www.tradingeconomics.com/sing...oney-supply-m3

[Ringo33]

History will repeat itself. Deep pocket? Holding power? Hold forever?

Stop kidding yourself..

More bad news for landed property....Limited supply? Deep pocket? Holding power???

The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 3rd Quarter 2014 today.

Overall, the private residential property index fell 1.3 points from 209.4 points in 2nd Quarter 2014 to 208.1 points in 3rd Quarter 2014. This represents a decline of 0.6%, compared to the 1.0% decline in the previous quarter. This is the fourth continuous quarter of price decrease (see Annex A).

Prices of non-landed private residential properties declined in all market segments. In Core Central Region, prices fell 0.9%, compared to the 1.5% decline in the previous quarter. Prices in Outside Central Region fell 0.2%, compared to the 0.9% decline in the previous quarter. In Rest of Central Region, prices fell 0.1%, compared to the 0.4% decline in the previous quarter (see Annex B). Prices of landed properties fell 1.7%, following the 1.7% decline in the previous quarter.

[Ringo33]

If you have listened to my advise to cash out your landed property in April last year you should be smiling from ear to ear by now.

[gsmsimmax3]

Cannot be landstorm if this is happening...


SiglapView.jpg

8 OCT 2014 15 FRANKEL ESTATE SIGLAP VIEW DETACHED FREEHOLD 7,944 LAND 1,496 11,888,888

Competiting bids /top notch saleswoman/ disinformation ?

Exclusive listing , re-listed on Oct 11/2014.

[gsmsimmax3]

Admin:

Please delete above as this is definitely disinformation.

Just realise deal was completed on 8 Oct and the re-list was Oct 11/2014.

[Ringo33]

Verdict is out landed property down by 1.8%

Told you party was over

[Ringo33]

BEWARE!!!

[Sandiwara]

The value of the FH landed did not increase, it it the value of the money depreciated by inflation due to printing of money.

I agree on this one ....

[DC33_2008]

Met an old classmate last week. Bought a semi D in upper Thomson road area for $900,000 in late 90s and now is $4.4 million. The price increase is due to primarily the increase in land price (comparable with GLS price). The printing of money by several countries too with inflation have contributed to it too.

I agree on this one ....

[Ringo33]

Met an old classmate last week. Bought a semi D in upper Thomson road area for $900,000 in late 90s and now is $4.4 million. The price increase is due to primarily the increase in land price (comparable with GLS price). The printing of money by several countries too with inflation have contributed to it too.

Many landed owners like to inflate their profit by not tell the complete story.
e.g. when someone bought a $1m landed, spend $1m to rebuilt and then sell at $3m.
Many people will claim to make 200%, which in fact is should be just 50%.

[DC33_2008]

Bro, only those who have own or staying in one will know the true picture. Your example is not even realistic. Go and do some homework first. Do not be a speculator. Otherwise, you are the one who ask to touch a part of the elephant and thinks the leg of an elephant is a log.

Many landed owners like to inflate their profit by not tell the complete story.
e.g. when someone bought a $1m landed, spend $1m to rebuilt and then sell at $3m.
Many people will claim to make 200%, which in fact is should be just 50%.

[Ringo33]

Bro, only those who have own or staying in one will know the true picture. Your example is not even realistic. Go and do some homework first. Do not be a speculator. Otherwise, you are the one who ask to touch a part of the elephant and thinks the leg of an elephant is a log.

As I have already mentioned in one of my previous post. URA landed property index doesnt take into the account of sunk cost in landed property.
And its a know fact that during the landed property boom time, every corner of every landed property estate you will find landed properties being torn down
for rebuilding, and its through this exercise that landed property price are rising exponentially at a unsustainable rate.

This is simple math which primary school kids will also understand.

You buy a $1m old landed property, spending $1m to tear down, rebuilt and then sell it for $3m.

On paper, it might seems that the seller have made 200% profit from buying and selling when in fact its only 50%.

And going forward, landed property which has already been max out on build up area will have very limited potential for capital appreciate.
And when it gets old, it will be costly to maintain and hard to sell.

[DC33_2008]

What I am saying that the figure you used is not realistic. You have not had one and therefore you do not know how to compute the reconstruction cost.

As I have already mentioned in one of my previous post. URA landed property index doesnt take into the account of sunk cost in landed property.
And its a know fact that during the landed property boom time, every corner of every landed property estate you will find landed properties being torn down
for rebuilding, and its through this exercise that landed property price are rising exponentially at a unsustainable rate.

This is simple math which primary school kids will also understand.

You buy a $1m old landed property, spending $1m to tear down, rebuilt and then sell it for $3m.

On paper, it might seems that the seller have made 200% profit from buying and selling when in fact its only 50%.

And going forward, landed property which has already been max out on build up area will have very limited potential for capital appreciate.
And when it gets old, it will be costly to maintain and hard to sell.

[heehee]

Indeed you are right.
Land costs is now >3x of full construction & renovation costs.
So people who hope for enbloc with 99 years LH property to make profit is the exact opposite of smart

What I am saying that the figure you used is not realistic. You have not had one and therefore you do not know how to compute the reconstruction cost.

[Ringo33]

What I am saying that the figure you used is not realistic. You have not had one and therefore you do not know how to compute the reconstruction cost.

This is just an example why do you need to even question if the figure is realistic. 300 to 500psf is very normal depending if you are cheap skate or not

[teddybear]

JGateway the most $300 psf lah! OCR mass market condo surely mass market furnishing and materials and appliances and hence low construction cost right?
Ops, JGateway 99-years leasehold land rental (for 99 years) costs $400 psf, so total development costs including land = $700+ psf, developer sell $1700 psf! OMG! Developer profit margin >100% for JGateway!

This is just an example why do you need to even question if the figure is realistic. 300 to 500psf is very normal depending if you are cheap skate or not

[Ringo33]

JGateway the most $300 psf lah! OCR mass market condo surely mass market furnishing and materials and appliances and hence low construction cost right?
Ops, JGateway 99-years leasehold land rental (for 99 years) costs $400 psf, so total development costs including land = $700+ psf, developer sell $1700 psf! OMG! Developer profit margin >100% for JGateway!

stop throwing darts in the dark and hoping to hit the target.

Green horn teaching ecperienced investor how to invest? Wow!
They sure will die pain pain in 6 years time! For SURE because OCR private condos crashing!

Teddybear, something is not right here, 1 WEEK ago you said that 2 to 3 years the price will drop by 20-30%,
now you are saying 6 years. Why so ? Because lack of confident in your prediction so need to buy a bit of time? LOL!!

As we all know, OCR private condos are seriously OVER-PRICED!
should see JGateway drop another 20-30% below $1400 psf in next 2-3 years!

http://forums.condosingapore.com/sho...623#post492623

[stl67]

Not only land storm, air storm and all other related storm also on the way.. some already arrived...can prepare to reload for those MTB or those waiting to pick up some freehold land.. beware

[teddybear]

Say you are stupid you still don't admit, I already made it very that clear that it will take only 2-3 years for JGateway price to drop 20-30% !!!
For the 6 years I was making a new prediction: JGateway will drop by 50% !!!!!!!!!!

stop throwing darts in the dark and hoping to hit the target.

Teddybear, something is not right here, 1 WEEK ago you said that 2 to 3 years the price will drop by 20-30%,
now you are saying 6 years. Why so ? Because lack of confident in your prediction so need to buy a bit of time? LOL!!




http://forums.condosingapore.com/sho...623#post492623

[stl67]

Possible to dropn 50% because air storm is already here... tornadoes may come....

J gate also beware...

[Ringo33]

Say you are stupid you still don't admit, I already made it very that clear that it will take only 2-3 years for JGateway price to drop 20-30% !!!
For the 6 years I was making a new prediction: JGateway will drop by 50% !!!!!!!!!!

Is his some kind of bed time story?

JRL, CRL, HSR, Westgate Tower, NTF Hospital, Jurong Community Hospital, Vision Exchange Commercial, retail medical suites, BCA AVA MND, Bigbox, Genting Hotel, New Science Center, Lake Garden, future integrated transport hub, future PSA port in Tuas, Cleantech Park Wenya Ind, Dulwich College, CIS, J Cube, IMM, Westgate Mall, JEM Mall, Jurong Country Club, IBP, NTU

BEWARE!!!

[Ringo33]

Its a cycle. If you want to buy landed today, only buy at 2010 price.

I believe many landed property owner must be wondering how far landed property prices will come down before recovery.
IF we go by historical price trend, recovery usually happen when prices converge, which mean if non landed property price remain status quo,
landed property prices might actually drop to 2010 level before you can see recovery.

BEWARE!!!

[teddybear]

Shell refineries and chemical plants, Exxon refineries and chemical plants, power stations, chemical processing plants, ....
97% of ALL SO2 in Singapore is produced and concentrated in the West region and Jurong of Singapore! BEWARE !!!!!!!!!!!!!!!!!!!!!!

Is his some kind of bed time story?

JRL, CRL, HSR, Westgate Tower, NTF Hospital, Jurong Community Hospital, Vision Exchange Commercial, retail medical suites, BCA AVA MND, Bigbox, Genting Hotel, New Science Center, Lake Garden, future integrated transport hub, future PSA port in Tuas, Cleantech Park Wenya Ind, Dulwich College, CIS, J Cube, IMM, Westgate Mall, JEM Mall, Jurong Country Club, IBP, NTU

BEWARE!!!

[Ringo33]

Shell refineries and chemical plants, Exxon refineries and chemical plants, power stations, chemical processing plants, ....
97% of ALL SO2 in Singapore is produced and concentrated in the West region and Jurong of Singapore! BEWARE !!!!!!!!!!!!!!!!!!!!!!

ONE trick pony??