Brreaking: Property prices collapsing

[ahbengsong]

Credit Suisse says Tianjin eco-city, in which Keppel Land may take a stake, is reminiscent of Singapore Suzhou Industrial Park, which resulted in huge write-offs in the 1990s.[unquote]

didn't the pap said in parliament that the SIP losses are like less than 100 million sgd.... so when Credit Suisse said HUGE write-offs, so that raises another doubt about pap's statement....

 

[eeoror88]

Those who bought expensive property will start sweating profusely once recession sets in, property prices plunge and when retrenched !!

 

[angry_one]

$500k FH 3-bedroom condos anyone?

I've seen 1 or 2 on sale already. But they're in the more remote areas, like woodlands and yishun. Hey might be a good deal to some pple.

 

[The_Latest_H]

Now the property market is really going to crash. Remember Credit Suisse sais a few months ago prices will fall 40% while the local banks like DBS continue to make bullish calls.

[/SIZE]

DBS was never gonna break the official PAP propaganda anyway. Do remember that its still a state-owned bank. Do not trust its official PR department.

 

[downgrader]

Fourth-quarter earnings will be very bad and signal the start of major retrenchment next year. With economic prospects looking worse than those of Tottenham in the English Premier League, stock and property prices will slump.

Property developers with high gearing will suffer as rates continue to rise. Giant-sized CapitaLand has already fallen to well below $3 from about $7 in May. On the other hand, boutique developers like SC Global are becoming penny stocks.

Property is a goner between now and 2010. Casino or no casino, property is a dog!

 

[eeoror88]

i have no debt
no property

property price collapse

music to my hears

Good for you !!

I nearly purchased a semi-detached property at Serangoon Garden last year !! Lucky, never did.

If I did I "jia lat" given the projected reduction in value due to the economy as well as the Bangla invasion !! Phew !!