Bo pian...my annual salary more than PAP Prime Minister...
...based on declared donation but excluding those cash slipped like ang pow into my pockets..
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Property agents feeling the pinch as market cools
- Thread starter nutbush
- Start date
...based on declared donation but excluding those cash slipped like ang pow into my pockets..
Don't be a sour grape, RUN. How did Warren buffet become rich? Greediness destroys those who see stocks as gambling tools. Buy blue chip stocks to hold and don't buy penny stocks to trade. Short trader is a risk taker. An investor does not do short trade.
True. If they are indeed problem solvers, why need to take short cut to import so-called foreign talents? Are these foreign shits really that talented? Maybe, they are good at introducing COE, ERP, etc to screw the people.
"Might as well" Pastor Kong Hee.
- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
https://sg.finance.yahoo.com/news/3...residential-property-market-is-100447039.html
3 indications that show just how bad the Singapore residential property market is
3 indications that show just how bad the Singapore residential property market is
- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
i dun think the gahment will allow it to peak like few years ago cos' they are afraid of property bubble. even australia is getting aware of their property bubble.
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
Slowdown in properties across the board for most states
http://www.thestar.com.my/Business/...-properties-across-the-board-for-most-states/
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
Home prices here could fall 20 per cent by 2016, depending on how the Government moves on its economic restructuring policies and property cooling measures, Bank of America Merrill Lynch has said in a new report.
http://www.straitstimes.com/news/bu...ring-could-weigh-property-prices-bofa-merrill
http://www.straitstimes.com/news/bu...ring-could-weigh-property-prices-bofa-merrill
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
Excellent article
Many ways to skin a cat
Spend a weekend at the sales galleries and you can spot the tactics deployed by developers and their marketing agents:
1. Markup Then Discount
2. Star Buys
3. Buyer Incentives
4. ABSD Fully Absorbed
5. Rental Guarantee
6. Cash Rebates
Implications of Project Discount
1. Inflated property prices
2. Misrepresented property indexes
3. Inaccurate valuation and loan-to-value limit
Read full article:
http://propertysoul.com/2014/09/09/developer-invited-you-to-play-project-discount
very very good write-up.
Many ways to skin a cat
Spend a weekend at the sales galleries and you can spot the tactics deployed by developers and their marketing agents:
1. Markup Then Discount
2. Star Buys
3. Buyer Incentives
4. ABSD Fully Absorbed
5. Rental Guarantee
6. Cash Rebates
Implications of Project Discount
1. Inflated property prices
2. Misrepresented property indexes
3. Inaccurate valuation and loan-to-value limit
Read full article:
http://propertysoul.com/2014/09/09/developer-invited-you-to-play-project-discount
very very good write-up.
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
Property curbs may be eased only in H2 2015
http://business.asiaone.com/news/property-curbs-may-be-eased-only-h2-2015-report
http://business.asiaone.com/news/property-curbs-may-be-eased-only-h2-2015-report
- Joined
- Apr 3, 2011
- Messages
- 1,463
- Points
- 48
"Any relaxation of Singapore's property curbs, such as stamp duties and borrowing limits, is likely only in the second half of next year, Bank of America Merrill Lynch said in a report yesterday..."
It is more of a wish from Merrill Lynch that "property curbs may be eased only in H2 2015"...
Learn to filter fact from fiction/noise.
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
More owners of luxury condos selling at a loss
Yields also under pressure; low rentals leave more people struggling to pay mortgages
http://www.businesstimes.com.sg/premium/top-stories/more-owners-luxury-condos-selling-loss-20140915
Yields also under pressure; low rentals leave more people struggling to pay mortgages
http://www.businesstimes.com.sg/premium/top-stories/more-owners-luxury-condos-selling-loss-20140915
Peasants should not be in the property game.
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
2 sectors got hurt this year
- TDSR crashed prices of pte properties >$3M.
Those who loan 70-80% for >$3M pte properties risk margin calls during devaluations.
- HDB prices dropped because of the historical-high condo TOPs (offloading by upgraders who are sitting on massive profits for their HDB unit).
Those in early 30s who bought HDB resales at sky-high prices recently, are sitting on paper losses.
Fairly speaking, small condo units, including shoebox or coffin units are still doing well because rental yields can still easily cover the loan interest expense.
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
Singapore private home sales down 15% on-month in August
http://www.channelnewsasia.com/news/business/singapore/singapore-private-home/1362862.html
Chinese 7th month is always lacklustre for property transactions
http://www.channelnewsasia.com/news/business/singapore/singapore-private-home/1362862.html
Chinese 7th month is always lacklustre for property transactions
More owners of luxury condos selling at a loss
Yields also under pressure; low rentals leave more people struggling to pay mortgages
Good job, CEO of MDA Ms Koh Lin-Net gets caught with purchasing a unit at Reflections last year at $10.2m.
Yields also under pressure; low rentals leave more people struggling to pay mortgages
Good job, CEO of MDA Ms Koh Lin-Net gets caught with purchasing a unit at Reflections last year at $10.2m.
- Joined
- Dec 17, 2013
- Messages
- 4,115
- Points
- 0
Malaysia: Avoid constructing buildings on land that has just been recently reclaimed.
- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
http://business.asiaone.com/print/n...p-between-new-ecs-and-private-condos/page/0/1
Friday, Sep 19, 2014
Mok Fei Fei
My Paper
The price gap between new executive condominiums (ECs) and private condos is widening, as rising condo prices have outpaced the fairly steady prices of its public-private counterpart since 2011.
According to a study by STProperty, buyers who bought an EC this year would have saved 31.7 per cent on average over purchasing a private home from developers. This is higher than the 23.1 per cent savings EC buyers would have enjoyed in 2011.
This makes ECs a good value proposition to the aspiring sandwiched class who do not qualify for public housing but can ill-afford private condos, STProperty says.
But consultants say the cheaper prices of ECs are simply a function of their selling and renting restrictions, and the fact that they are essentially still government-subsidised housing.
EC buyers have to live in the unit for the first five years, during which they are not allowed to rent out the whole property or invest in other private residential property.
After that, the units can be sold to Singaporeans and permanent residents. Only after 10 years will all restrictions be lifted such that they become fully private and can be sold to anyone.
"The (STProperty) data doesn't exactly capture these limitations. It's also an opportunity cost," said RST Research director Ong Kah Seng.
SLP International executive director Nicholas Mak also cautioned that the data may be making "apple to pear" comparisons. It may be skewed by the one-bedroom units (and, therefore, higher psf prices) in some condos, whereas ECs start only from two-bedders.
The savings figure was calculated by taking the difference in median transaction prices of ECs and condos from the start of the year until Sept 10, and dividing this by the median prices of new condos year-to-date. It included only estates where there have been both EC and condo transactions this year.
STProperty's study also found that EC units resold this year fetched prices close to those of private homes in the open market.
On average, resale ECs have changed hands for 10.5 per cent cheaper than 99-year leasehold condos in the resale market this year - a narrower gap than the price difference of new units.
"To savvy buyers looking forward to capital appreciations of their homes, buying at a price much lower than private homes yet selling at comparable price levels is still a draw factor," said Jason Chen, STProperty's property research manager.
This greater return on resale is also a view held by Eugene Lim, key executive officer of ERA Realty Network.
But care again must be taken to ensure that this finding is not affected by the fact that the resold condos can be much older and, therefore, larger and commanding less in psf prices, Mr Mak said.
The EC market segment has been muted all year because of a dearth of supply after a ruling stipulating that developers can start selling EC projects only 15 months from the date of award of the site, or after completion of foundation works, whichever is earlier.
In fact, no EC has been launched this year, but five are expected to come onstream before the year is over, which consultants believe will sell well only if they are priced at about $750 psf.
Aggravating the market this year is a mortgage servicing cap at 30 per cent of borrowers' gross monthly income implemented last December. This was in response to a sudden shift of interest to ECs after the total debt servicing ratio was effected to limit the total amount of debt individuals could take.
ECs became attractive because of their lower quantum purchase price and prices ran up to about $800 psf in the second half of last year, such that cooling measures had to intervene.
The segment has since chilled, with only 760 new ECs sold for the first eight months of this year, down from about 2,500 from January-August 2013.
But their median prices have risen to $790 psf from $750 psf a year ago, probably because developers are not in a hurry to cut prices, having sold a good portion of their units and bought the land at high prices earlier, Mr Ong said.
This article was first published on Sep 19, 2014.
Get The Business Times for more stories.
Friday, Sep 19, 2014
Mok Fei Fei
My Paper
The price gap between new executive condominiums (ECs) and private condos is widening, as rising condo prices have outpaced the fairly steady prices of its public-private counterpart since 2011.
According to a study by STProperty, buyers who bought an EC this year would have saved 31.7 per cent on average over purchasing a private home from developers. This is higher than the 23.1 per cent savings EC buyers would have enjoyed in 2011.
This makes ECs a good value proposition to the aspiring sandwiched class who do not qualify for public housing but can ill-afford private condos, STProperty says.
But consultants say the cheaper prices of ECs are simply a function of their selling and renting restrictions, and the fact that they are essentially still government-subsidised housing.
EC buyers have to live in the unit for the first five years, during which they are not allowed to rent out the whole property or invest in other private residential property.
After that, the units can be sold to Singaporeans and permanent residents. Only after 10 years will all restrictions be lifted such that they become fully private and can be sold to anyone.
"The (STProperty) data doesn't exactly capture these limitations. It's also an opportunity cost," said RST Research director Ong Kah Seng.
SLP International executive director Nicholas Mak also cautioned that the data may be making "apple to pear" comparisons. It may be skewed by the one-bedroom units (and, therefore, higher psf prices) in some condos, whereas ECs start only from two-bedders.
The savings figure was calculated by taking the difference in median transaction prices of ECs and condos from the start of the year until Sept 10, and dividing this by the median prices of new condos year-to-date. It included only estates where there have been both EC and condo transactions this year.
STProperty's study also found that EC units resold this year fetched prices close to those of private homes in the open market.
On average, resale ECs have changed hands for 10.5 per cent cheaper than 99-year leasehold condos in the resale market this year - a narrower gap than the price difference of new units.
"To savvy buyers looking forward to capital appreciations of their homes, buying at a price much lower than private homes yet selling at comparable price levels is still a draw factor," said Jason Chen, STProperty's property research manager.
This greater return on resale is also a view held by Eugene Lim, key executive officer of ERA Realty Network.
But care again must be taken to ensure that this finding is not affected by the fact that the resold condos can be much older and, therefore, larger and commanding less in psf prices, Mr Mak said.
The EC market segment has been muted all year because of a dearth of supply after a ruling stipulating that developers can start selling EC projects only 15 months from the date of award of the site, or after completion of foundation works, whichever is earlier.
In fact, no EC has been launched this year, but five are expected to come onstream before the year is over, which consultants believe will sell well only if they are priced at about $750 psf.
Aggravating the market this year is a mortgage servicing cap at 30 per cent of borrowers' gross monthly income implemented last December. This was in response to a sudden shift of interest to ECs after the total debt servicing ratio was effected to limit the total amount of debt individuals could take.
ECs became attractive because of their lower quantum purchase price and prices ran up to about $800 psf in the second half of last year, such that cooling measures had to intervene.
The segment has since chilled, with only 760 new ECs sold for the first eight months of this year, down from about 2,500 from January-August 2013.
But their median prices have risen to $790 psf from $750 psf a year ago, probably because developers are not in a hurry to cut prices, having sold a good portion of their units and bought the land at high prices earlier, Mr Ong said.
This article was first published on Sep 19, 2014.
Get The Business Times for more stories.
Similar threads
