Read in today's sunday new paper article. It's going to get worse. Understand by from this Nov 08 to mid 2009, there is a lot of project that is going T.O.P. And the banks are not going to base on valuation done 2 years back to give out loans, probably the buyers will have to fork out more cash as against the reduction in loans that the banks are willing to consider and with the stock market in the doldrums, it's going to get ugly.
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Cash Strapped Owners Sell High end condos below market price.
- Thread starter lifeafter41
- Start date
I think this time round, pants also drop.
The virus is just starting to spread. Singapore didn't try to install the latest anti-virus software to protect its property, and the hard disk, and because of the non action, its gonna spread throughout the CPU and in other software DVDs as well.
Make sure you have a bunker, and also your internal firewall and anti-virus defenses are up to date.
Make sure you have a bunker, and also your internal firewall and anti-virus defenses are up to date.
Will SC Global drop further as it deals most in the high end condos?.
yeah, you get 4 days out of one pair:p:o
Yucks ... like that the smegma front to back !!
So dun blame PAPee, right? But mind you, your owners are the BEST PAID in the world and tout beyond-the-cosmos helicopter vision. But it has been shown time and again that the they possess neither vision nor leadership. Instead they score hight as insatiably greedy traitors.
SC Global has the second highest gearing among the developers with more than $1 billion due after one year
When it comes to reset, it will be ugly
Avoid...
I clearly remembered in the aftermath of 1985's mini recession and for a long stretch after the Asian financial crisis, "For Sale" banners outside residential properties in private estates all over Singapore. It seems like a matter of time before these "Flags of Financial Surrender" will appear again. Our Golden Period!
It has mention that the Sail development at Marina, market price was at S$2000psf, even offered at S$1450psf, there was no takers. Saw alot of units on sale on the papers these day, most units at S$2000psf.
Really got such good price and got such good money?.
Any forummers got idea what was the initial launch price of the Sail at Marina?.
huat ah! how must cash on hand you have? can pick up ur property in late 2009 or early 2010.
huat ah!
the building & development industry already dropped speed in Q2 2008 due to the toll of escalated material costs & fuel prices. we can expect that many building, contracting & sub-contracting companies to tighten their belts when payment during or after TOP will not be complete after 60days or more. while most supplying companies would be coughing blood to the banks, due to the unexpected extended credit terms.
so if, the developments are not going to be snatched up fast enough, we'd soon be seeing news of retarded developments for the next 3-5yrs. 2009 is just a nightmare, 2010 & 2011 onwards could jolly well become a crystalization of the nightmares.
