China property collapse has begun

[Goldbug]

http://www.forbes.com/sites/gordonchang/2014/04/13/china-property-collapse-has-begun/

[Goldbug]

Hangzhou property not cheap .. so is it representative of China ?

 

Ghost cities is nothing new in China

But first time a tier 1 city kenna

[Vid]

 

Ghost cities is nothing new in China

But first time a tier 1 city kenna

 

If the other major cities like beijing, shanghai or guangzhou start, then it represents a major problem.

[Goldbug]

 

If the other major cities like beijing, shanghai or guangzhou start, then it represents a major problem.

 

some tiong property magnate, Pan Shiyi says tier 1 cities will kenna for the first time

very hard to locate this xinhua interview on 9/4/14

 

[Vid]

 

some tiong property magnate, Pan Shiyi says tier 1 cities will kenna for the first time

very hard to locate this xinhua interview on 9/4/14

 

 

It's about time the property market makes an adjustment. It's been going sky high since 4-5 years ago. China will be one of the biggest hit as many spent money like no tomorrow including buying of properties.

 

[Goldbug]

 

It's about time the property market makes an adjustment. It's been going sky high since 4-5 years ago. China will be one of the biggest hit as many spent money like no tomorrow including buying of properties.

 

 

the Tiong avoided commenting on China ppty price after his comments spooked the mkt 6 days ago

http://fcg.focus.cn/news/2014-04-15/4933029.html

[Thaiyotakamli]

Was wondering so many many many apartments and offices built for last 10 years and in China everyday a hotel is built.

 

Even though they had great big population and biggest transmigration in the world, it doesnt represent people want to live in apartments except for big cities shanghai, beijing, nanjing and guanzhou when landed house really super expensive.

 

Maybe this is the bubble that going to burst

[Goldbug]

Was wondering so many many many apartments and offices built for last 10 years and in China everyday a hotel is built.

 

Even though they had great big population and biggest transmigration in the world, it doesnt represent people want to live in apartments except for big cities shanghai, beijing, nanjing and guanzhou when landed house really super expensive.

 

Maybe this is the bubble that going to burst

 

the mother of all bubbles...

[Goldbug]

Chart of the Day: Here's how high Singapore banks' loans to China soared | Singapore Business Review

Chart of the Day: Here's how high Singapore banks' loans to China soared

But this isn't a threat, analyst says.

According to Maybank Kim Eng, limited lending to clients in China to fund their domestic needs. Unlike domestic banks, Singapore banks have been very selective in their lending in China.

This is not surprising as they have relatively smaller balance sheets and their lending and deposit franchises are not as well recognised as their local counterparts’.

Here's more from Maybank Kim Eng:

Moreover, Chinese corporates do not usually deal with small foreign players like Singapore banks for their longer-term funding requirements due to the latter’s inability to price their products as competitively as the large Chinese banks.

Recent loan growth driven by short-term and safer trade loans. Trade loans are inherently safer as they are short term in nature with an average duration of six months.

We understand that 70% of DBS’s trade loans to China are of six-month duration. A short duration means banks are able to reduce their exposure to trade loans quickly, if required.

We also note that the majority of such loans are backed by bank guarantees. Based on our channel checks, 50% of DBS’s total trade loans of SGD50b (+28% YoY) at end-2013 were backed by bank guarantees.

We also take comfort in the fact that DBS has maintained stringent lending standards in China by focusing on the right market segment culled from a list of internally-generated prospective clients of 1,000 Chinese companies which are considered as long-term winners in China.

- See more at: Chart of the Day: Here's how high Singapore banks' loans to China soared | Singapore Business Review

[Mustank]

CN economy tanks

Soros and friends come in to play

2016 Sg economy hit

Pap win 99%

Chart of the Day: Here's how high Singapore banks' loans to China soared | Singapore Business Review

Chart of the Day: Here's how high Singapore banks' loans to China soared

But this isn't a threat, analyst says.

According to Maybank Kim Eng, limited lending to clients in China to fund their domestic needs. Unlike domestic banks, Singapore banks have been very selective in their lending in China.

This is not surprising as they have relatively smaller balance sheets and their lending and deposit franchises are not as well recognised as their local counterparts.

Here's more from Maybank Kim Eng:

Moreover, Chinese corporates do not usually deal with small foreign players like Singapore banks for their longer-term funding requirements due to the latters inability to price their products as competitively as the large Chinese banks.

Recent loan growth driven by short-term and safer trade loans. Trade loans are inherently safer as they are short term in nature with an average duration of six months.

We understand that 70% of DBSs trade loans to China are of six-month duration. A short duration means banks are able to reduce their exposure to trade loans quickly, if required.

We also note that the majority of such loans are backed by bank guarantees. Based on our channel checks, 50% of DBSs total trade loans of SGD50b (+28% YoY) at end-2013 were backed by bank guarantees.

We also take comfort in the fact that DBS has maintained stringent lending standards in China by focusing on the right market segment culled from a list of internally-generated prospective clients of 1,000 Chinese companies which are considered as long-term winners in China.

- See more at: Chart of the Day: Here's how high Singapore banks' loans to China soared | Singapore Business Review

When CN banks tanks, how to guarantee?

This time round no POSB to come to the rescue

Pls don't use our CPf ah

Edited April 15, 2014 by Mustank

[Goldbug]

CN economy tanks

Soros and friends come in to play

2016 Sg economy hit

Pap win 99%

 

When CN banks tanks, how to guarantee?

 

[Mustank]

 

 

[/quote

 

I hope taobao don't jit bah boom

[Goldbug]

 

 

[Thaiyotakamli]

Climb too fast, fall down will be a hurt

[Wt_know]

will jesse going to write about when spore property collapse begin?

[Goldbug]

will jesse going to write about when spore property collapse begin?

 

after the Tiongs sold off their HK properties bah

 

[LoneCatFish]

As far as real estate property is concern, broadly, there are three types of Singaporeans.

Type 1 - Those who have invested in property during the low time, have grown their wealth, and hopping the property prices will continue to grow higher and higher.

Type 2 - Those who realized they have missed the boat, now cures and swear, hopping the entire economy will collapse, so they can get a second chance.

Type 3 - Those who still in the ancient mind set that believe in investment is a waste of money. Any spending from their saving is a sin, they still believe in hiding money under the billow is the best.

Type 3 is the majority of the entire population, most of them don't even make it to know about MCF forum.

Type 2 will dig out all the bad news about property market, hopping it will come true.

Type 1, quietly cursing the type 2 .........

Edited April 15, 2014 by LoneCatFish

[Wt_know]

any tiong selling their spore property at firesale price?

 

i recalled last 2 years when i visited showroom, ah tiong speak quite loudly if buy 2-3 units can get cheaper? please call your GM to check.

 

and agent also yaya told me ... price is fixed ... no further discount and a few ah tiong already express interest on this unit and probably confirm by noon

 

initially, i thought is fake demand but when i heard the news from inderjit singh mp said in his constituency, ah tiong buy landed not 1 but 2-3 units at one go ... i know it is not play play liao

Edited April 15, 2014 by Wt_know