Great news for real estate agents, COVs fall to zero, fuck you!

[blissquek]

Many of the articles regarding the property market and property price trends you see in the mainstream media are nothing more than informal advertisements or press releases for the various property agencies.

That is what inevitably happens when you blur the line between government and business.

This is what exactly happening to our country..

The ruling govt controls 48% of the country GDP..they have their hands on everything...from child care, insurance, transport and to supplying coffins..in short from cradle to grave.

The United states govt share of the country business is at less than 3 % and Australia less than 8%..

So u see. the govt here overwhelmed us with their control and presence.

And so, rightfully said they have blurred the line between govt and business where almost everything is done is based on revenue and GDP figures.

The end result is we get a govt that has lost its vision and social inequality , unhappiness and tension abound..

They have more passion in making more money than looking after your welfare.

 

[winnipegjets]

You guys should all be happy now, all the hopes of living on enhanced assets for the elderly all wiped out.

If you bank your retirement based on asset bubble, it shows how financially illiterate you are.

 

[congo9]

I know many property agents were former SAF regulars. Many of them learn nothing in the armed forces that teaches them about surviving in the commercial sectors and when forced to leave most either opt to sell insurance or become property agents.

Shouldn't they join Blackwaters with the US defence contractor ?

 

[blindswordsman]

I met a property agent this morning and he said in the past he was managing about 100 properties. Now he has less than 50 and added that the government is not renewing EP and S passes and if PR's do not stay in Singapore for a long time, their PR status will be removed.

Many PRs are already abusing their privileges of living and working in SG. Take the case of the Vietcong scumbag STEVE PHAM who complained about paying for repair cost to his water pipes in his HDB flat. He expected it to be done free. This scumbag behaves as if he and his countrymen are indispensable to this country. Better to kick out all PRs who are parasites in SG.

 

[Cestbon]

Alan Cheong is an idiot. Prices have doubled in the past seven years and after a 1.5% drop he says better relax or market will crash

Better go sell Chee Cheong Fun lah, what senior director

Price increase double in 7 year even if count into inflation average 3% the price increase is just about 25% for 7 year not double.
So it should be drop 30~50% from current price to be fair.
If not new generation will not able to buy flat.
Owner only think for themself but never think in future how the next generation can afford to buy.

 

[The_Hypocrite]

This zero COV..is it for flats in good or bad locations? I doubt flats near town n in mature estates will have zero COV.

 

[tanwahtiu]

did most of the estate agent not a PA members?

Join PA members lah, PAP will keep their business well as long as you know where to por lump par them.

No deals, no commissions, karma bites back you evil evil people.

 

[Cestbon]

Only bad news for seller.
Agent still get commission regardless price up or down.

 

[AndyLeung]

Only bad news for seller.
Agent still get commission regardless price up or down.

Exactly, unless nobody sell or buy which is impossible.

 

[xebay11]

If you bank your retirement based on asset bubble, it shows how financially illiterate you are.

Did I say it's me? Anyway there are lots of financially illiterate ppl out there.....so your point being?

 

[Rogue Trader]

Muahahahaa
Heng heng I siam first ah!

 

[Jah_rastafar_I]

ERA Key Executive, what the fuck is that? Taking and handing over keys?

ERA had some dirty agents, including one Mike Parikh. Better be careful when dealing with ERA, or any of the other agencies for that matter.

See the name you know it's a scum bag

 

[Jah_rastafar_I]

Totally agree with you chaps. Many real estate agents, (only a handful are good ones) dont value add to clients. Theyre just fark all paper boy who earn tons of commission just by showing up with their face.
Do they know fengshui? Fark all
Do they know how to get you the best deal? Fark all as well.
Now the tide has turn. Wish all wannabe real estate agents the luck. You'll be driving taxis soon.

Property agent must know fengshui? ROFL.

 

[rushifa666]

After watching the US burn during the housing bubble many idiots still do not understand what is going on. Most only have their houses as assets. And those are not real assets. You cannot sell a brick to buy food. So good luck people. Your money is stuck in cpf and in your house. Do you think retirement is achievable?

 

[virus]

fwah... this sadplumbgal, fuck here fuck there. i like.. i wanna friend you on FB...

 

[Cerebral]

The data is showing median COV at $0. That means 49.99% are probably traded at 0 or below valuation. And without looking at the spread of the COV and below valuation amount for the 700+ transaction, this median does not mean anything. It could be 50.1 to 96 percentile are stacked within 10k COV, while the below valuation could be 40k below.

 

[SadPlumpGal]

Yes, it's possible, after all, it's median, not mean.