Picanto 3rd Gear September 13, 2009 Share September 13, 2009 buyers are chasing up the prices of private properties. there is surely a peak to how high the prices can go. beyond a certain point, the bubble will reach its expansion limit and burst. then the property mkt will crash. this is of course my own theory. any of you think such high property prices are sustainable in the long run? ↡ Advertisement Link to post Share on other sites More sharing options...
Sdexxxxd 2nd Gear September 13, 2009 Share September 13, 2009 just ask whether the salary of common peasants is going to rise indefinitely.... Link to post Share on other sites More sharing options...
Yeshe Turbocharged September 13, 2009 Share September 13, 2009 problem is, buyers not all locals and they are SUPER rich Link to post Share on other sites More sharing options...
Hotamp 3rd Gear September 13, 2009 Share September 13, 2009 problem is, buyers not all locals and they are SUPER rich you see ppl queuing up during those condo launches...all not locals meh? i do agree there are super rich foreigners buying but the majority are still locals "investors"trying to make a flip...look at the saturday papers.......soooooo many columns of condo sales advertisements....if the interest rate increase these ppl will be in deep s--t[knife] Link to post Share on other sites More sharing options...
Fourth 2nd Gear September 13, 2009 Share September 13, 2009 As long as HDB supply and prices hold steady (which is the gov direction as I far as I can see), the property market should not crash. Personally think the only risk is on Global recession which is well contained to date. Link to post Share on other sites More sharing options...
Vratenza Supersonic September 13, 2009 Share September 13, 2009 (edited) now is the time to accumulate your bullets and wait sideline for the market to fall (dun think will crash but will definitely see a correction) when the abnormal exuberance is dissipated buy the economic realities and the oversupply from 2006-07 projects TOPing next year.... get ready to undercut those who cannot afford to finance their flips.... never try to jump onto a runaway train.... Edited September 13, 2009 by Vratenza Link to post Share on other sites More sharing options...
Yeshe Turbocharged September 13, 2009 Share September 13, 2009 you see ppl queuing up during those condo launches...all not locals meh? i do agree there are super rich foreigners buying but the majority are still locals "investors"trying to make a flip...look at the saturday papers.......soooooo many columns of condo sales advertisements....if the interest rate increase these ppl will be in deep s--t[knife] for these locals, i believe mostly fully paid up their HDB and going for upgrade, so they have at least about 400k cpf+ cash combine. alot comparing HDB prices with private and the difference doesnt justify to buy a HDB Just imagine 5rm HDB in Toa Payoh, $700k anyone? Link to post Share on other sites More sharing options...
Vratenza Supersonic September 13, 2009 Share September 13, 2009 for these locals, i believe mostly fully paid up their HDB and going for upgrade, so they have at least about 400k cpf+ cash combine. alot comparing HDB prices with private and the difference doesnt justify to buy a HDB Just imagine 5rm HDB in Toa Payoh, $700k anyone? so what if they have $400K cash/CPF from their sale of their HDB? Assuming these people are in their late 30s/40s.......how many years of salary still? 30-20yrs? Assuming they get to keep their jobs and they don't see themselves being replaced by cheaper new grads/FT the next few years... most of them prob need to take another $300K financing at the minimum for low end condos that they are upgrading to.... These people are taking up another huge loan just when they have fully paid up for their HDB....adventurous to say the least.... And to buy a pte property in this cycle......how much more upside are we looking at? On the other hand, we have all seen how low the market can get..... IMHO, we don't really need the 2 IRs...........the property market in SG is already a big big legitimate casino in action! Where else can you get a loan from the bank to gamble? Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear September 13, 2009 Share September 13, 2009 You all miss the boat is it?.... Property will continue to surge. Property will only weaken if there is Government intervention or if the excess liquidity is drained out of the system. Dont see both happening in the near term. Meantime enjoy hah.... Petrol prices will continue to surge. Target US$100 in the near term. Gold already broke US$1,000, other commodity like sugar, silver also running..... Property it will continue to surge. Link to post Share on other sites More sharing options...
Kohler Neutral Newbie September 13, 2009 Share September 13, 2009 problem is, buyers not all locals and they are SUPER rich i have a contractor in my company who are working a part time property agent . He told me that Singapore Immigration has approved 300.000 foreigners for PR or work visa to date . If the figure is true , it might be true for this property booming . Link to post Share on other sites More sharing options...
Picanto 3rd Gear September 13, 2009 Author Share September 13, 2009 clever people will wait by the sidelines. the burst can happen anytime, or even in 1 to 2 yrs times. then these clever ones will jump into the buying activity. its never too late too buy. Link to post Share on other sites More sharing options...
Quirky_ster Clutched September 13, 2009 Share September 13, 2009 You all miss the boat is it?.... Property will continue to surge. Property will only weaken if there is Government intervention or if the excess liquidity is drained out of the system. Dont see both happening in the near term. Meantime enjoy hah.... Petrol prices will continue to surge. Target US$100 in the near term. Gold already broke US$1,000, other commodity like sugar, silver also running..... Property it will continue to surge. a perfect setup for the next crash... not sure who's the next victim after the financial sectors...it's going to be a bumpy ride from now on... Did'nt we see the triggering factor for the last recession 12 months ago..? Once affordability is non-sustainable by peasants class like me... then it's a setup for the next disaster. Link to post Share on other sites More sharing options...
Ongpeesai Neutral Newbie September 13, 2009 Share September 13, 2009 buyers are chasing up the prices of private properties. there is surely a peak to how high the prices can go. beyond a certain point, the bubble will reach its expansion limit and burst. then the property mkt will crash. this is of course my own theory. any of you think such high property prices are sustainable in the long run? Link to post Share on other sites More sharing options...
Vratenza Supersonic September 13, 2009 Share September 13, 2009 You all miss the boat is it?.... Property will continue to surge. Property will only weaken if there is Government intervention or if the excess liquidity is drained out of the system. Dont see both happening in the near term. Meantime enjoy hah.... Petrol prices will continue to surge. Target US$100 in the near term. Gold already broke US$1,000, other commodity like sugar, silver also running..... Property it will continue to surge. miss the boat? hardly...... What goes up ..must come down...be it stock..property.....(caveat: there is general up trend that accounts for the inflation...) Look at this advise from the "guru".....in 2007 http://www.adam-khoo.com/90/is-singapore-p...ment-right-now/ I hope those who listen to him got out quickly in in 2008..... just don't be the one caught standing when the musical chair music stop. "Buy when there is fear...sell when their is exuberance.." Link to post Share on other sites More sharing options...
Freestylers09 5th Gear September 13, 2009 Share September 13, 2009 given TA trend, its uptrend intact..might be forming ascending triangle..will even soar higher than before after filling the gap i tcss nia la.. Link to post Share on other sites More sharing options...
Blackyv Turbocharged September 13, 2009 Share September 13, 2009 for these locals, i believe mostly fully paid up their HDB and going for upgrade, so they have at least about 400k cpf+ cash combine. alot comparing HDB prices with private and the difference doesnt justify to buy a HDB Just imagine 5rm HDB in Toa Payoh, $700k anyone? but one thing i cant understand.. why would anyone buy a condo in AMK at above 1mil+ when a landed 3 storey at jalan kayu cost 1.4mil? i always tell my wife, a condo is just a spiced up hdb. when i sh*tting, someone actually doing the same thing ontop of my head..... that's why i bought a top level hdb flat.... Link to post Share on other sites More sharing options...
Ongpeesai Neutral Newbie September 13, 2009 Share September 13, 2009 but one thing i cant understand.. why would anyone buy a condo in AMK at above 1mil+ when a landed 3 storey at jalan kayu cost 1.4mil? i always tell my wife, a condo is just a spiced up hdb. when i sh*tting, someone actually doing the same thing ontop of my head..... that's why i bought a top level hdb flat.... But still a HDB = Subsidized housing usually for the poor Link to post Share on other sites More sharing options...
JOHNKHOR Neutral Newbie September 13, 2009 Share September 13, 2009 Property is not in good sign my veiw BY WARE ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Singapore Property Scene Discussion
Singapore Property Scene Discussion
Greater Southern Waterfront discussion
Greater Southern Waterfront discussion
Property in Johor
Property in Johor
UPS plane crashes at Louisville airport
UPS plane crashes at Louisville airport
Can/will china produce GOOD cars?
Can/will china produce GOOD cars?
Properties info
Properties info
Singapore ranked most liveable city in Asia for 20th straight year: ECA
Singapore ranked most liveable city in Asia for 20th straight year: ECA
Mercs: property news & updates
Mercs: property news & updates