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Private property prices... Up or Down?

Kelfinity

By Kelfinity,
in Property Buzz

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Wyfitms

Wyfitms

Twincharged

@Porker U have to shold the cert with a piece of paper with the word "Porker" written on it to count

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Enye

Enye

Hypersonic

@Porker U have to shold the cert with a piece of paper with the word "Porker" written on it to count

 

ya lor....take us for fools

 

:D

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Enye

Enye

Hypersonic
(edited)

:a-fun:

 

:o  you win this round....... :a-whiteflag:

 

i admit i didn't take O levels and A levels...bo tak cheh wan

 

so got no cert to show  [blush]

 

but that doesn't mean you passed P1 maths

 

no wonder the maths freak @turboflat4 so INTO you

 

  [laugh]  [laugh]

Edited by Enye
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Blueray

Blueray

Hypersonic

dunno why of late analysts reports keep talking about easing/removal of cooling measures ....

 

me thinks it could be the new normal ... just my humble 2c ... 

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Voodooman

Voodooman

Supersonic

dunno why of late analysts reports keep talking about easing/removal of cooling measures ....

 

me thinks it could be the new normal ... just my humble 2c ...

I am sure there have been intense lobbying behind the scene initially, then you start to call your friends, your lawyers, your media partners, your mother in laws, anyone with some influence to help as the deadline nears... So it depends on how strong the govt is in resisting the pressure in preparation of that day whereby liquidity starts to dry up. But real estate business creates jobs, so a crash cannot be good for Singapore, especially our real estate dependent banking system... the fate of the market is now in the hands of our bureacrats, who are more often than not behind the curve.

 

http://www.businesstimes.com.sg/opinion/singapore-property-may-be-heading-for-long-term-drop-in-value

 

post-24635-0-18301600-1461334566_thumb.png

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Throttle2

Throttle2

Supersonic
(edited)

I am sure there have been intense lobbying behind the scene initially, then you start to call your friends, your lawyers, your media partners, your mother in laws, anyone with some influence to help as the deadline nears... So it depends on how strong the govt is in resisting the pressure in preparation of that day whereby liquidity starts to dry up. But real estate business creates jobs, so a crash cannot be good for Singapore, especially our real estate dependent banking system... the fate of the market is now in the hands of our bureacrats, who are more often than not behind the curve.

 

http://www.businesstimes.com.sg/opinion/singapore-property-may-be-heading-for-long-term-drop-in-value

 

attachicon.gifimage.png

The Govt is doing it right.

 

There is absolutely no need to remove any cooling measure in such a situation.

Developers only have to reduce prices to move inventory and things will fall into place.

Instead of doing that, dvelopers want Govt to be a fool so that they can continue to make obscene profits yet again? In every business, there will be certain casualties. Cant take the hit? Dont do the business.

 

What i dont do in business is who blinks first.

I rather play, who sells first especially in a downturn.

 

there are many other smaller businesses which may really need a relaxation in regulations just to stay afloat. How about them screaming in all media, like a classroom of children for Govt to do something?

 

Maybe the Casinos can also request government to remove some rules so that its easier for more people to go and gamble. The Casinos are facing a rut now and anyway players have a fair chance to win too, right? Hah.....

 

 

i remember not so long ago, all act cool.

Damn zai one. Eh, why scared? Wussies? Or blood sucking greedy?

Either ways, lame.....

 

Almost like asking for a bailout....chey...

 

Enjoy the weekend folks.....woooooohoooo.

Edited by Throttle2
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Mercs

Mercs

Hypersonic

Fact is if you approach CL before the extension fee is paid and asked for equivalent discount, they will sell it to you. But there is obviously no takers.

 

Fact is they need to cut price to sell and they will have to do it sooner or later, unless the CM are removed.

Yes bro, thanks for sharing your views [thumbsup] [thumbsup]

Me think so too, which I mention earlier [:)]

 

"Yes bro, high quantum units, equates to paying high ABSD.

Not cutting prices, how to move? [sweatdrop][laugh] "

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Mercs

Mercs

Hypersonic

So it depends on how strong the govt is in resisting the pressure in preparation of that day whereby liquidity starts to dry up. But real estate business creates jobs, so a crash cannot be good for Singapore, especially our real estate dependent banking system... the fate of the market is now in the hands of our bureacrats, who are more often than not behind the curve.

 

 

Yup, main man standing firm [laugh]

 

http://www.theedgeproperty.com.sg/content/too-early-review-cooling-measures-says-lawrence-wong

Too early to review cooling measures, says Lawrence Wong

April 22, 2016

 

There will be ups and downs in the property market, and the government is watching the property market closely,” says Lawrence Wong, Minister for National Development. “We will be prepared to respond when needed.” Wong was speaking at ERA’s career advancement day event on April 21.

 

Wong says he knows that the industry is “fixated” over the measures, but the property market is not dependent on the cooling measures alone. What is more important is to ensure that Singapore continues to grow and for the economy to thrive.

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Mercs

Mercs

Hypersonic

Mercs, I appreciate your efforts as you continue to post property news to update all the bros here. Continue the good work!

Thanks bro, likewise, enjoy reading your "New bargains to be had?" [laugh]

This article may be of some interest to you [grin]

 

http://www.businesstimes.com.sg/real-estate/cdl-heading-to-indonesia-to-promote-gramercy-park

CDL heading to Indonesia to promote Gramercy Park

APR 22, 2016

 

BT understands that CDL is promoting only one of the two towers in the 174-unit project in Grange Road, suggesting that it is still looking to offload the other tower through a bulk sale. The project is subject to extension charges for unsold units under the qualifying certificate (QC) conditions from the second quarter of 2018.

 

Last weekend, OUE Limited conducted a launch event for OUE Twin Peaks costing over S$100,000 in Kuala Lumpur and offered star-buy units to potential buyers there, with agents reporting positive response.

 

 

GuocoLand's Wallich Residence at Tanjong Pagar Centre, for which CBRE and DTZ are the marketing agents, may also be promoted in overseas markets such as Malaysia, Indonesia, China and Hong Kong, BT understands.

 

Business dealings, proximity to Singapore and hedging against their currencies' depreciation are also reasons why Indonesians and Malaysians are keen to invest in Singapore real estate.

 

Agents also note that there has been increased interest among Malaysians to invest in Singapore since the ringgit's plunge and ensuing political uncertainties.

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Voodooman

Voodooman

Supersonic
(edited)

The Govt is doing it right.

 

There is absolutely no need to remove any cooling measure in such a situation.

Developers only have to reduce prices to move inventory and things will fall into place.

Instead of doing that, dvelopers want Govt to be a fool so that they can continue to make obscene profits yet again? In every business, there will be certain casualties. Cant take the hit? Dont do the business.

 

What i dont do in business is who blinks first.

I rather play, who sells first especially in a downturn.

 

there are many other smaller businesses which may really need a relaxation in regulations just to stay afloat. How about them screaming in all media, like a classroom of children for Govt to do something?

 

Maybe the Casinos can also request government to remove some rules so that its easier for more people to go and gamble. The Casinos are facing a rut now and anyway players have a fair chance to win too, right? Hah.....

 

 

i remember not so long ago, all act cool.

Damn zai one. Eh, why scared? Wussies? Or blood sucking greedy?

Either ways, lame.....

 

Almost like asking for a bailout....chey...

 

Enjoy the weekend folks.....woooooohoooo.

Yeah, collective whinning, also known as lobbying, is a culture of a lot of Singapore companies, but not all, Let's call a spade a spade, they are all freaking whinning and asking for a bailout when they got greedy and keep bidding up land prices even after repeated warnings by the govt. You are right, they are now playing the who blinks first game and I think they will lose. Some developers are out, those are the smart ones.

 

Anyway, a lot of our companies know how to play the lobbying (read: whinning) game well but do little on innovations and thinking on new business ideas, some are outright rent seekers, it is scary where we are heading. Examples, our 3 telco companies are again whinning on the possible entry of the 4th player but welcome more foreign talents to lower their costs. Our taxi companies, who has been renting out their cab at up to $200 a day and making tons of money year after year are now whinning about Uber and Grab who are eating their breakfast, lunch and dinner. But for so many years, I cannot get a cab during rainy days even if I am willing to pay more.

 

Ok, to be fair, some are able to compete and think internationally but a lot of our domestic service providers don't really deserve to earn their keep.

Edited by Voodooman
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Voodooman

Voodooman

Supersonic

Yup, main man standing firm [laugh]

 

http://www.theedgeproperty.com.sg/content/too-early-review-cooling-measures-says-lawrence-wong

Too early to review cooling measures, says Lawrence Wong

April 22, 2016

 

There will be ups and downs in the property market, and the government is watching the property market closely,” says Lawrence Wong, Minister for National Development. “We will be prepared to respond when needed.” Wong was speaking at ERA’s career advancement day event on April 21.

 

Wong says he knows that the industry is “fixated” over the measures, but the property market is not dependent on the cooling measures alone. What is more important is to ensure that Singapore continues to grow and for the economy to thrive.

We are fixated on rent seeking activities, which cannot be good for the country in the long run. But what do I know.

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Porker

Porker

Turbocharged

.. when they got greedy and keep bidding up land prices even after repeated warnings by the govt..

 

The high land price in Singapore is mostly a doing of the government. URA has created a controlled land price scheme with it's reserve price system.

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Throttle2

Throttle2

Supersonic

The high land price in Singapore is mostly a doing of the government. URA has created a controlled land price scheme with it's reserve price system.

Sure, its all in the bigger scheme of things but i will always blame the buyer before the seller.

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