Property price will crash.....Mr Mohd Ismail.... you wait long long.....

[Force 136]

14 Jan 2013 : Massive 50% drop in private property sales incoming: PropNex

http://sbr.com.sg/residential-property/in-focus/massive-50-drop-in-private-property-sales-incoming-propnex

Blame it on the new round of cooling measures.

Private property prices will also take a hefty hit, affecting all property owners from Singaporean citizens to permanent residents.

“The hefty ABSD of 5% for PRs for the first property, 7% for Singaporeans’ second property purchase and 15% for foreigners will have a drastic impact on the sales volume of private properties in the coming months. Sales volume is expected to drop by more than 50% as buyers and investors choose to wait-out and see the effects of the dramatic cooling measures," said Mr Mohamed Ismail, Chief Executive Officer of PropNex Realty.

"It is predicted that the private property prices will head towards a slide of 5 to 7%. Developers had already paid high prices for the recent land bids and will not be able to sell much lower. Thus, developers are likely to be holding on to their project sales until the market recovers,” commented Mr Ismail.

June 29 2013 :

J Gateway preview: all 738 units sold

http://www.businesstimes.com.sg/premium/wealth/others/j-gateway-preview-all-738-units-sold-20130629

ALL of the 738 units at 99-year leasehold J Gateway were snapped up at the development's preview yesterday, as buyers sought apartments at the first condominium to be launched near Jurong East MRT station in 10 years.

 

[whoami]

Yup! No way prices would drop tat much.

After several wks, it will be back to square 1 again...sky high!

 

[scroobal]

Khaw should just retire and save everyone the headache. He has been wrong so many times.

 

[whoami]

Kind of wondering y Khaw volunteer to take charge in the first place.

 

[Force 136]

I heard 2 bedroomed units in J Gateway were 5 times over subscribed.......

means there are now 4 times more frustrated buyers than successful bidders.....

If Govt suddenly introduce new measures, these people will spit at the Minister responsible for making it harder for them to buy the next project....

 

[Merl Haggard]

I heard 2 bedroomed units in J Gateway were 5 times over subscribed.......

means there are now 4 times more frustrated buyers than successful bidders.....

If Govt suddenly introduce new measures, these people will spit at the Minister responsible for making it harder for them to buy the next project....

Eight cooling measures to curb property price have been introduced since 2007.

With the population heading to 6.9m, another new measure will not hurt the residential market.

My property developer friends are still bullish and buying up land for residential development.

 

[zeebjii]

Eight cooling measures to curb property price have been introduced since 2007.

With the population heading to 6.9m, another new measure will not hurt the residential market.

My property developer friends are still bullish and buying up land for residential development.

These peicemeal measures were never going to cool the market. They are for wayang only, to con the 60%. The scums have huge vested interest in property. If kucing kurap MDA chief can buy 10 miliion condo without batting an eyelid, what do you think of our mininsters, including khaw himself?

They will never want to crash or even cool the market. Only external, black swan events beyond their control can crash our property market.

 

[Poomer]

I think this ismail fella is right. current housing prices have gone up by 100% over 5 years, due to pent up demand for public housing, a deluge of foreigners, chinese investors who prefer Singapore and Singaporeans looking to buy a house as an investment, coupled with record low interest rates and overconfidence in the price to continue going up and a booming economy. It is a bubble and it will burst, after all what goes up must come down. Rise in interest rates coupled with a economic slowdown will likely signal the start of it.

 

[Loofydralb]

Khaw should just retire and save everyone the headache. He has been wrong so many times.

This is what I've been calling all these while. Not because of lack of effort but sheer pure incompetence.

I really don't know what LHL is thinking. Maybe he is setting KBW to be the fall guy?

A politician worth his salt would set things up at least to show some improvement but for KBW's case its just a protection racket for the elite.

 

[enterprise2]

Let it crash lah!! Serves all those greedy buyers right!!

 

[Tuayapeh]

As long as the cheebyekiahs in the pap are n power....nothing is going to happen in the property market....khaw and his stupid bag of fucked up dirty tricks is merely starting the fire in one room so as to chase the dumbass sinkie sheep int another room ....hahahaha....nobody knows how to ge the fuck out ntil the house comes truly crashing down....i wnna see how long can the bastards n the pap can continue playing this game....in the end game there will be bloodshed......


The solution is smple cheebye khaw.....


Ban all foreign ownership of freehold properties

Ban all sales of foreigner owned properties to foreigners and ....

secondary sales only to singapore citizens....not singapore PRs




Since none of these fucking solutions can help the pap make more money but might jeapordise them.....absolutely fuck all will be done...as usual......fucked up country...

 

[eErotica69]

Ismail is in the business of selling properties, of course he will tell you that market will not crash.

Anyway, I am not sure if Private Property price will fall or not, but surely PAP will not allow the HDB price to keep going up. There is a heavy political price if they allow so.

 

[Big Sexy]

the impact will be worst if they allow the HBD price to fall

but surely PAP will not allow the HDB price to keep going up. There is a heavy political price if they allow so.

 

[eErotica69]

the impact will be worst if they allow the HBD price to fall

Right, so is a balancing game.

If HDB price goes too high, PAP kanna in 2016. If it falls a lot, PAP kanna also.

They have to find the right numbers as they get paid to do the job.

 

[Big Sexy]

if the opposition take controls
which way do u think the hdb price will go ?
would you prefer it to go up or down?

Right, so is a balancing game.

If HDB price goes too high, PAP kanna in 2016. If it falls a lot, PAP kanna also.

They have to find the right numbers as they get paid to do the job.

 

[eErotica69]

if the opposition take controls
which way do u think the hdb price will go ?
would you prefer it to go up or down?

"Opposition" is a general term.

If WP, I am confident thing will go smoothly, depending of demand and supply. I would expect HDB prices to remain or go slightly lower, due to political considerations.

If (and only IF) SDP Government, I have "no comments". (if not those SDPPies will start barking at me)

I'll just sell my freaking HDB first thing and move to Chiangmai, Thailand.

What do you reckon if Opposition win?

 

[Big Sexy]

u already know the answer, mate.
the HDB price will fall if PAP loses power.

"Opposition" is a general term.

If WP, I am confident thing will go smoothly, depending of demand and supply. I would expect HDB prices to remain or go slightly lower, due to political considerations.

If (and only IF) SDP Government, I have "no comments". (if not those SDPPies will start barking at me)

I'll just sell my freaking HDB first thing and move to Chiangmai, Thailand.

What do you reckon if Opposition win?

 

[eErotica69]

u already know the answer, mate.
the HDB price will fall if PAP loses power.

Half true. I can bet that even before GE 2016, HDB prices will price too.

Is about political pressure for HDB to be afforable, and not about PAP or WP Government.

 

[watchman8]

These peicemeal measures were never going to cool the market. They are for wayang only, to con the 60%. The scums have huge vested interest in property. If kucing kurap MDA chief can buy 10 miliion condo without batting an eyelid, what do you think of our mininsters, including khaw himself?

They will never want to crash or even cool the market. Only external, black swan events beyond their control can crash our property market.

That's why these are called cooling measures, and not crashing measures. PAP will not dare to crash the market. It will be external factors that eventually burst this bubble.

 

[Big Sexy]

i hope the price of HDB plunge, it has gone up too much for my liking.
just 5 years ago, a hdb flat cost only 1/3 of what my private property cost.
now it is slightly more than 1/2.
i dislike the idea of useless peasant becoming millionaires by selling off their HDB.
fuck PAP for giving these peasants a chance to become millionaire !:oIo:

Half true. I can bet that even before GE 2016, HDB prices will price too.

Is about political pressure for HDB to be afforable, and not about PAP or WP Government.