Serious Recession in Singapore

[AsiaDK]

this is a good sign that sinkies are getting self reliant and smarter, instead of being ripped off by exorbitant car prices. besides, there is nothing wrong with hopping on buses and mrt with your family.

owning a car or bicycle is like having freedom of travel without tracking or time-limitation.

 

[dancingshoes]

owning a car or bicycle is like having freedom of travel without tracking or time-limitation.

it's very unusual and not exaggerating that sinkies are finally getting wised up! i have to take my hat off...

 

[AsiaDK]

it's very unusual and not exaggerating that sinkies are finally getting wised up! i have to take my hat off...

Because your teacher tells you that taking public transport is good for the country and cars cause congestion, u give up your freedom of travel.
It is actually the massive influx of immigrants that cause the congestion and you losing your way of life, space and freedom of travel.

 

[AsiaDK]

Good Class Bungalow prices set to soften further http://www.businesstimes.com.sg/real-estate/good-class-bungalow-prices-set-to-soften-further

Private home prices to drop 3% to 7% next year: OCBC analysts http://www.todayonline.com/business/private-home-prices-drop-3-7-next-year-ocbc-analysts

 

[JHolmesJr]

Private home prices to drop 3% to 7% next year: OCBC analysts

If these fucks are saying 3-7% you can be sure its actually a fair bit more.

Some cocksucker real estate agents still trying to act like the market is holding well….the xtian variety are the worst.

 

[AsiaDK]

If these fucks are saying 3-7% you can be sure its actually a fair bit more.

Some cocksucker real estate agents still trying to act like the market is holding well….the xtian variety are the worst.

When such news are released, it means that you must bargain for 15% below the previous last-done price for a particular condo, hoping that u can eventually buy 7-10% cheaper than last-done to get some buffer for the weakness ahead.

real estate agents have very good life. Close one condo sales, bring from 7K or more home. AsiaDK must work for dunno how many weeks or months.

Furthermore, many of them talk very guai lan and arrogant hoping that buyers will be more submissive to them. hahaha

 

[JHolmesJr]

real estate agents have very good life. Close one condo sales, bring from 7K or more home.

they'll be lucky if they close one sale a month….in this shitty climate.

Expat arrivals have thinned to a trickle…the outflows are much faster. And it's gonna get worse next year.

I reckon everything needs to come down by at least 25% to stand a chance of selling or renting.

People have wised up…see more and more ads online for owners who are looking to rent or sell direct.

Why pay some lowlife ahbeng 7k to print and fill a few forms?

 

[AsiaDK]

Why pay some lowlife ahbeng 7k to print and fill a few forms?

hahah, yes, many buyers ended up getting suan and humiliated by them in the process. Worse, if property is held by two-names, eg husband and wife. they are known to sore discords between husband and wife to force either of them to close the deal quickly.

They position is different from you, they just close to close deal, they want you to transact, without regardless of the price.
if u want better prices, u must sell on your own.

If u are buyer, property agent works in your favour.

 

[bushtucker]

http://www.todayonline.com/business/new-app-cuts-out-middleman-could-shake-property-market

https://www.directhome.com.sg

DIY seems good. why depend on agents?

 

[JHolmesJr]

“I think the app will attract some market share because of the no or low fee. In this market when there are fewer deals to go around than before, it can be tougher for us. There are already people leaving the industry because of the tougher competition these days,” said a property agent, who asked to be known only as Adrian."

LOL at Adrian….not a huge supporter of Uber and Grab as they undercut honest hardworking peeps….but OhMyHome and DirectHome sound like the perfect way to get rid of these agents crooks who dream of making millions by doing fuckall.

 

[AsiaDK]

I shared with my friend that I just had a pay cut of 18%.

The median base salary in Singapore is expected to rise 4.7 per cent in 2017
Median salary to rise next year http://news.asiaone.com/news/business/median-salary-rise-next-year

ok, i am a loser

 

[numero uno]

If these fucks are saying 3-7% you can be sure its actually a fair bit more.

Some cocksucker real estate agents still trying to act like the market is holding well….the xtian variety are the worst.

how right you are excepy taht it should be at least 20-30%. compared to 2010 sentosa properties have already dropped by 40%. high end condos in orchard raod have drop by 30% at least (in just 2-3 years). when these bastard real estate agents says 3-7% they are saying it is a small crash hoping cash rich people would rush in and buy and they can still collect their hefty commissions for spinning tall tales. The read between the lines from the banks and papers is that a 20-30% crash is most likely. maybe even 40% by 2018. when the banks in deep shits. it means the whole country is in deeeper shits. more force closures as they are reeling in from the O and M blunders, china blunders, casinoes woes, and now when interest rates shoot up alot of these bastard prop agents would eat shit literally. hahahahhahh HUAT AH!!!!!

 

[AsiaDK]

The quarterly Business Optimism Index (BOI) fell to negative 1.22 percentage points for the first quarter of next year from plus 2.87 percentage points in the fourth quarter of this year, the Singapore Commercial Credit Bureau (SCCB), which compiled the index, said yesterday. http://www.todayonline.com/business/singapore-business-confidence-slumps

 

[Pinkieslut]

If these fucks are saying 3-7% you can be sure its actually a fair bit more.

Some cocksucker real estate agents still trying to act like the market is holding well….the xtian variety are the worst.

Are they from Huttons? Huttons supposed to use Xtian values in their company. I guess the twisted kind. Like I mentioned before the new Xtians in Singapore are mostly Chinese people replacing their traditional God of Prosperity with Xtian God. Get your Sins forgiven and huat big big!

 

[AsiaDK]

The number of workers laid off in Singapore hit a seven-year high in 2016 – the highest since the global financial crisis in 2009, figures released on Tuesday (Dec 13) by the Ministry of Manpower (MOM) showed.

A total of 13,730 workers were retrenched in the first nine months of this year, an increase from the 10,220 retrenched during the same period last year, according to the ministry’s labour market report. http://www.channelnewsasia.com/news...t-7-year-high-highest-since-2009/3363288.html

 

[AsiaDK]

Singapore Nov exports seen falling y/y for 3rd month on slack global demand.

Non-oil domestic exports (NODX) in November were seen down 3.0 per cent from a year earlier, according to the median forecast in the survey of 11 economists.

Singapore's NODX in October contracted 12 per cent from a year earlier

http://news.asiaone.com/news/busine...seen-falling-yy-3rd-month-slack-global-demand

 

[AsiaDK]

Asia confidence slips heading into 2017 with Singapore firms the most pessimistic http://www.straitstimes.com/busines...017-with-singapore-firms-the-most-pessimistic

 

[AsiaDK]

Retailers here had little to cheer about in the lead-up to the year-end festive season last year, as sales continued to slide across almost all segments of the industry.

Excluding cars, however, retail sales fell 2.1 per cent over the same month a year earlier, in the 10th straight month of contraction. http://www.straitstimes.com/busines...ails-to-boost-retail-sales-as-slump-continues