Thaiyotakamli Supersonic August 30, 2013 Share August 30, 2013 Not invest , they speculate in Singapore big time via Casino , properties . Tell me what can growth in Singapore market ? Yes speculate so even if got propert burst, govt can remove absd and sure foreigners will be interested to buy property in sg ↡ Advertisement Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic August 30, 2013 Share August 30, 2013 say property valuation dip, at what point the banks will ask for top up? Think bank will ask u to top up back to LTV ratio. So if 1m condo and ur deposit 500k, price drop 900k, they will ask u top up 50k since 50% LTV This is what i understand, CMIIW 1 Link to post Share on other sites More sharing options...
Goldbug 6th Gear August 30, 2013 Author Share August 30, 2013 Think bank will ask u to top up back to LTV ratio. So if 1m condo and ur deposit 500k, price drop 900k, they will ask u top up 50k since 50% LTV This is what i understand, CMIIW if no cash, can ask for bridging loan boh ? Link to post Share on other sites More sharing options...
Wt_know Supersonic August 30, 2013 Share August 30, 2013 (edited) local bank balance sheet super duper solid tok kong ... as long as there is little default and no huge bad debt ... ie many property developer run road there should be no problem and finance is manageable True as long as no global downturn, sg will remain attractive. No investments from indo and india, there are still many other countries invest in sg Edited August 30, 2013 by Wt_know Link to post Share on other sites More sharing options...
Felipe 3rd Gear August 30, 2013 Share August 30, 2013 but so many people bought property at historic high prices, bubble burst will bring alot of hardship to singaporean families MAS say 5-10%. not tat many. but of cos, as in every downturn, some will kena. SGD plunge is much more serious. But i doubt will happen. For property, bubble won't burst cos govt prevented bubble. at most correction with some firesales. 1 Link to post Share on other sites More sharing options...
Goldbug 6th Gear August 30, 2013 Author Share August 30, 2013 (edited) MAS say 5-10%. not tat many. but of cos, as in every downturn, some will kena. SGD plunge is much more serious. But i doubt will happen. For property, bubble won't burst cos govt prevented bubble. at most correction with some firesales. that sounds comforting... how come the CNBC want to stir? CNBC has agenda? Edited August 30, 2013 by Goldbug Link to post Share on other sites More sharing options...
Tjkbeluga 5th Gear August 30, 2013 Share August 30, 2013 but so many people bought property at historic high prices, bubble burst will bring alot of hardship to singaporean families That's part and parcel of "investment" lor... where got pao tan one.... Link to post Share on other sites More sharing options...
Vid Hypersonic August 30, 2013 Share August 30, 2013 yalor... you think will extend QE boh? Tapering will definitely be this year. The last FOMC already more or less confirmed already. The question now is only when. Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic August 30, 2013 Share August 30, 2013 (edited) if no cash, can ask for bridging loan boh ? Wah dunno can anot, normally during such times bank will be more careful in lending money Again i not the bank so cant give answer Dont worry too much, wait it crash then say hahaa Edited August 30, 2013 by Thaiyotakamli Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic August 30, 2013 Share August 30, 2013 local bank balance sheet super duper solid tok kong ... as long as there is little default and no huge bad debt ... ie many property developer run road there should be no problem and finance is manageable Yah nvr seen bank like ocbc, so much cash, scared lend out money lose money lol Link to post Share on other sites More sharing options...
Goldbug 6th Gear August 30, 2013 Author Share August 30, 2013 Tapering will definitely be this year. The last FOMC already more or less confirmed already. The question now is only when. US economy up liao meh? why must taper? Link to post Share on other sites More sharing options...
Goldbug 6th Gear August 30, 2013 Author Share August 30, 2013 Wah dunno can anot, normally during such times bank will be more careful in lending money Again i not the bank so cant give answer Dont worry too much, wait it crash then say hahaa hmm... I like your attitude... wait it crash then say Link to post Share on other sites More sharing options...
Goldbug 6th Gear August 30, 2013 Author Share August 30, 2013 That's part and parcel of "investment" lor... where got pao tan one.... ehh... this kinda of thing is heng sui one lar last year never mention tapering suddenly this year taper here taper there itchy backside 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic August 30, 2013 Share August 30, 2013 (edited) hmm... I like your attitude... wait it crash then say Now talk so much also no use lol Always remember to have some cash on hand just in case. If property really crash wad we can do? Nth lol Especially for group of buyers like me when bought the property during cm 7, jialat lor Edited August 30, 2013 by Thaiyotakamli Link to post Share on other sites More sharing options...
Vid Hypersonic August 30, 2013 Share August 30, 2013 US economy up liao meh? why must taper? Improving. Good housing numbers, good job numbers. Not fantastic but slowly getting better. It's about time the Fed taper. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear August 30, 2013 Share August 30, 2013 but so many people bought property at historic high prices, bubble burst will bring alot of hardship to singaporean families those who bought to stay wont feel. property flippers will get hid hardest 1 Link to post Share on other sites More sharing options...
Albeniz Turbocharged August 30, 2013 Share August 30, 2013 Many people have been borrowing money beyond their means to buy cars and properties, feeding the bubble to a size we have never seen before. When the tide subsides, we will see who have been swimming around naked. Link to post Share on other sites More sharing options...
Goldbug 6th Gear August 30, 2013 Author Share August 30, 2013 Many people have been borrowing money beyond their means to buy cars and properties, feeding the bubble to a size we have never seen before. When the tide subsides, we will see who have been swimming around naked. izzit, how you know you mean I am not alone? ↡ Advertisement Link to post Share on other sites More sharing options...
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