As requested by Chestnut.
Whats your gut feeling about the property market in the next 2 years.
Your vote is anonymous, but feel free to contribute your comments.
>10% drop
Flat (+/-5%)
>10% rise
No idea
As requested by Chestnut.
Whats your gut feeling about the property market in the next 2 years.
Your vote is anonymous, but feel free to contribute your comments.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Originally Posted by Ringo33
Brudder Ringo, kum sia....
Dear forummers, your participation is appreciated... If will allow us a better idea of what the investors think....
Hopefully after this, I can do a poll on would u sell you investment props???
Once again Ringo, thanks...
Btw, u put the poll question hor, I really don't know how to put leh??? The way u put and the way I will put so different leh... Complements to you... With your questions, now I can see clear...
Saw the prelim result, +\- 5% range.. Interesting...
My dear brudders and sisters, thank u. I now know if I need to sell my properties.
Kum Sia
Dear bros and sis, I will give my interpretation on the survey tomorrow. Please keep voting...
Then we discuss hor. I want to hear your views
I voted for flat.
After I voted then I saw this article which confirmed my gut feeling.
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http://www.todayonline.com/singapore...ices-picked-q2
SINGAPORE — Private home prices here rose by 1.0 per cent in the second quarter of this year, an increase over the 0.6 per cent price growth recorded in the previous three months, the Urban Redevelopment Authority (URA) said today (July 26).
Flash estimates released on July first showed a 0.8 per cent increase in private residential property prices, meaning prices rose further towards the end of last month.
Strong demand for condos in the suburban areas led the way. Prices in the Outside Central Region (OCR) of non-landed private property rose 3.8 per cent, compared with a 1.4 per cent increase in Q1 2013.
Prices of non-landed private properties in the Core Central Region (CCR) declined by 0.2 per cent in Q2, compared with a 0.6 per cent increase in the previous three months.
In the Rest of Central Region (RCR), prices increased by 0.2 per cent, which is the same rate of increase as in the previous quarter.
Rentals of private residential properties slowed in the second quarter 2013, registering a 0.3 per cent rise which is significantly lower than the 0.8 per cent increase in Q1.
For new private property launches, developers put 4,395 uncompleted private residential units (excluding Executive Condominiums or ECs) on the market in the Q2, fewer than the 5,546 units in first quarter.
Developers sold 4,538 private residential units in Q2, lower than the 5,412 units sold in the previous quarter.
I voted for flat. Reasons - opinion after monitoring caveat, news and sentiment from ppl around me.
Originally Posted by chestnut
My dear bros and sis, please vote hor, bigger sampling the BEST...
The analysis report will happen.
July27
TDSR Talk
Date: Saturday, 27 July 2013
Time: 2.30pm till 4pm
Venue: Bartley Ridge Showflat (Near Bartley MRT)
RSVP for seats 98348607
Stop spamming.Originally Posted by chrischocolates
Voted flat.
Come on folks. Its 2 years....... Not 2 months. How realistic that a property price is staying flat in the next 2 years? Or even going down in 2 years?
In 2 months it might go down.... But in 2 years I guarantee it will go up.
once i spotted an employee mis-operating a machine. I asked the employee about it.Originally Posted by indomie
Employee :dont worry boss, i guarantee the machine won't spoilt.
Hopeful: you guarantee with what? your entire salary for 5 years also cannot buy the machine. so dont tell me you can guarantee. Now do as you are told. "jangan ngomong kosong aja"
ever since that time, i has always dislike it when people say they guarantee something. "they guarantee with what?"
In the next 2 years when AEC begin, the economic chasm between richest – the wealthy city-state Singapore – and poorest – newly-reforming Myanmar: 1:61 measured by GDP per capita, compared with 1:8 in Europe (EC).Originally Posted by hopeful
Even if Sg is not growing economically or in population, its already super competitive. Its like putting a hungry shark in a pond. It will eat anything. Sg will be like a super germany in EC. I can guarantee that.
Haha....I like this shark...I would love to support u but, I should not annoy anyone with the word guarantee, I would say, most likely, optimistically and barring unforeseen circumstances, the price should go up. Why, because another thing is, your money confirm depreciate... and I would narrow down to a few OCR/CCR areas...not all will have increased, in my opinion, even if yes, it will be rather insignificant.
Originally Posted by indomie
The key word here is 2 years.
Since 2011, I have been repeating again and again that going forward (from 2011) we will see the market moving in the 1% every month/quarter range. So for next TWO years, it should at least be up by 8%.
So far, I think the actual results came in quite close.
DKSG
The power imbalances between the country is so huge, that sg economy could potentially double in the next 10 years. This one I don't guarantee, but I could safely bet on it.Originally Posted by DKSG
Originally Posted by lajia
That is what I can agree.
At least you did not paint all rosy picture like many here with hidden agenda.
The market can only be SAFE for a gradual ride if you get rid of people who overstretch themselves in property. This group even if only 5% will bring down the 95%.
The 5% are the weakholders. Only the strong ones can hold. And that is called " HOLDING POWER" in investment.
Why "HOLDING POWER" ? Holding power means you can ride out any possible risks in your property investment without being forced to sell.
Now, can you say the same for everyone in the market?
There are many greedy ones and definately as I suspected long ago, some crazy langs will definately take great risks in this market thereby sabotaging our investment.
I voted FLAT barring any Blackswan event.
Blackjack21trader's 2014 Celestial Prediction: Year of The Crazy Horses. ( Coming This Fall ) www.sglion.com
"Not just one horse, but the whole bloody herd of crazy horses ! "- The Illuminati
Hello good bro, I'm not encouraging over leveraging...but if interest rate is really low for next few years as what i think, these 5% will be more richer by then...
And if they are really affected by raising rates, don't worry, the banks will be smiling....they will eat up and u should know what they would do. Our banks are prepared!
Originally Posted by 狮子王
Asean economies set to double GDP by 2020 says IHS
Emerging markets in Asia to be fastest growing in world as free trade boosts GDP to US$4.7tr
Paul Soh [email protected]
The Asean economy will double by 2020, with the nominal gross domestic product of the regional bloc increasing from US$2 trillion in 2012 to US$4.7 trillion, the global information company IHS says.
Rajiv Biswas, Asia-Pacific chief economist at IHS, speaking at a Hong Kong General Chamber of Commerce conference on the outlook for emerging markets in Asia, said: "Asean is experiencing strong growth across the board.
"Frontier markets such as Vietnam and Myanmar are opening up, while Indonesia is expected to continue to grow."
IHS says in its global insight report that Vietnam and Myanmar are expected to reach a nominal GDP of US$290 billion and US$103 billion respectively by 2020 while Indonesia is expected to reach a projected nominal GDP of about US$1.9 trillion.
The IHS report says that overall, emerging markets in Asia are expected to be the fastest growing in the world and would continue to expand. It estimated that the GDP growth of emerging markets would exceed that of developed countries in 2020, continuing to expand thereafter.
Biswas said Asean was reaping the benefits of the free trade agreement signed with China in 2010 which formed the largest free trade area in terms of population and the third largest in terms of trade volume after the euro zone and the North American Free Trade Area.
"Intra-Asia partnerships will transform the landscape," he said. "The Asean-China free trade agreement has been successful, with Chinese exports to Asean growing by 21 per cent last year. Momentum is expected to continue with the potential implementation of the Asean Economic Community in 2015."
The Asean Economic Community aims to create a single market and production base that would allow Asean to be fully integrated into the global economy by 2015.
Biswas said that while it was unlikely that the Asean Economic Community will achieve all its goals by 2015, a partial achievement is possible as extensive negotiations get under way.
Now I speak about all this over leveraging thingy and u guys think very hard ok... Tis are investment homes ok....
Jan 2011, the cooling measure was for 40% downpayment...
1. Those who bought before jan 2011 paid downpayment of 20%
- Have the prices of their property rised since then????
- are they over leveraged????
- have their salaries increased over the past few years????
2. Those who bought after jan 2011 paid downpayment of 40% or more...
- are their monthly repayment lower than those who paid 20%. Do a simulation on loan amount and u will be surprised at monthly repayment....
- how in the world did they come up with so much cash????
I leave it to you to draw your own conclusion....
Indonesia nominal gdp increases from 165 billions to 892 billions in 12 years (541%)
Singapore nominal gdp increases from 94 billions to 276 billions in 12 years (294%)
Now u know why Jakarta property prices increase is much higher than sg.
Bro,Originally Posted by indomie
http://en.wikipedia.org/wiki/Indones...7.E2.80.931999
Look at the us to rupiah exchange rate prior to 1997 and the rate today....
Those indo who bot properties overseas all became super rich because of the collapse of the rupiah.....
See how much it weakened????
Many who borrowed in Singapore to take advantage of the lower interest rate got burnt....
Yes bro.... Especially sg property. When I bought mine sgd to rupiah is around 6600 now 8200. Even if my property not increase, I am sure to make money.Originally Posted by chestnut
Delete - duplicate
Originally Posted by indomie
Well done bro... During the financial crisis. The rupiah dropped like crazy.... The retailers didn't have time to react, so a few smart Singaporeans went to indo to buy Rolex, etc... still at rupiah rate... U can imagine the "discount" they get hor....
Learnt a lot from the crisis....
My customer in Indo had difficulty to pay me because of exchange rate... Hahahaha
Actually I already anticipate the collapse of rupiah because they are going to issue a new note that omitted the last 3 zeros from the note.Originally Posted by chestnut
A bit free now, so here comes e analysis... Broken into 3 parts. Bulls, bears and the people in the forum.
1. Views from the Bears
So many people voted flat and up... Total of > 70+ %.... Too many 'bullish' views... It's time to get out..... Hahahaha
2. Views from bulls
See so many people voted flat and up... Total of > 70+ %.... Just collect rental alone and u can make money... On top of that, got so many good things coming...
3. My analysis for those who voted...
Dear bros and sis.... Now my view... My view will be dependent on your thinking...
- do u think the people who come to this forum are savvy????
- how many % do u think are savvy?????
- if u voted, do u believe in yoursel???
I believe the people who come to this forum are savvy. I believe they want to learn that's why they come to this forum. I believe most are truthful....
Based on the above, u come to your own conclusion hor.... My analysis is yours....
You raised a very good point indeed!
Many who borrow in S$ to buy foreign properties now thinking very good deal because interest rate much lower will be in to get burnt again!
Originally Posted by chestnut
Unless their bankers con them, else those who deliberately dont match their asset and liability are taking 2 tier of forex risks.Originally Posted by teddybear
DKSG