Singapore's Boomtown Dream Gets Hazy

[macky888]

good luck to those who are still holding out...

By TOM WRIGHT (WSJ-25Mar)

SINGAPORE -- On almost any major street of this affluent Southeast Asian city-state, cranes tower overhead -- a reminder of an incredible three-year building boom that now is turning into a bust....

...continued at http://online.wsj.com/article/SB123791824683327661.html?mod=article-outset-box

 

[Zombie]

good luck to those who are still holding out...

By TOM WRIGHT (WSJ-25Mar)

SINGAPORE -- On almost any major street of this affluent Southeast Asian city-state, cranes tower overhead -- a reminder of an incredible three-year building boom that now is turning into a bust....

...continued at http://online.wsj.com/article/SB123791824683327661.html?mod=article-outset-box

you mean boomtown going kaboom?

 

[macky888]

yeah i think that was what the article was implying... although all our ERA + Propnex + Huttons + etc agents will beg to differ.

Jim Rogers think Sg property prices are too high
Kwek Leng Beng thinks that prices will be cheaper towards end of the year
Statistics point to new projects flooding the market soon

Our property agents must be the most garang of them all!!

These guys make me laff... this one even give 17 reasons why you should buy a property by 2010: http://assetomgt.com/realty/index.php

 

[Ah Guan]

Rule of thumb: property market usually lags behind the stock market by approx 1 year

 

[numero uno]

yeah i think that was what the article was implying... although all our ERA + Propnex + Huttons + etc agents will beg to differ.

Jim Rogers think Sg property prices are too high
Kwek Leng Beng thinks that prices will be cheaper towards end of the year
Statistics point to new projects flooding the market soon

Our property agents must be the most garang of them all!!

These guys make me laff... this one even give 17 reasons why you should buy a property by 2010: http://assetomgt.com/realty/index.php

really desperate to make any sale BUT MM said this recession would last 3-5 years maybe 10 years then property should drop even more. after all has not reach bottom yet. 17 reasons!!!!! give me a break!!! they are all sh!tty reasons like IRs and financial hub and F1 all proven to be wrong bets and would collapsed soon. pathetic chaps, cannot even give one good reason. only good reason I can think of is China mei mei hub ie Prosttute hub. LOL

 

[ahbengsong]

good luck to those who are still holding out...

By TOM WRIGHT (WSJ-25Mar)

SINGAPORE -- On almost any major street of this affluent Southeast Asian city-state, cranes tower overhead -- a reminder of an incredible three-year building boom that now is turning into a bust....
...continued at http://online.wsj.com/article/SB123791824683327661.html?mod=article-outset-box

i thot he is talking about those PSA cranes towering at 180 degrees ...

 

[singveld]

i love it
i hope those greedy people who borrow the bank to buy property will lose everything.

very very good.