Chemmie78 Clutched June 3, 2011 Share June 3, 2011 i already cashed out....waiting for suicide sale.........zippedadoodah dun think prices will drop so fast....unless we kena another financial crisis.... ↡ Advertisement Link to post Share on other sites More sharing options...
Johnnylim 5th Gear June 3, 2011 Share June 3, 2011 Looks like I shouldn't sell my condo? ya maybe hold it forever Forever??? Yr condo freehold? Link to post Share on other sites More sharing options...
Chemmie78 Clutched June 3, 2011 Share June 3, 2011 Forever??? Yr condo freehold? sell leow... Link to post Share on other sites More sharing options...
Old-driver 5th Gear June 3, 2011 Share June 3, 2011 There's always a cycle... and what goes up must come down. Herd mentality is what rules their head when people are still buying at peak prices. Link to post Share on other sites More sharing options...
Soya Supersonic June 3, 2011 Share June 3, 2011 dun think prices will drop so fast....unless we kena another financial crisis.... the s'pore mkt is very herd-ish. things can go south sooner than one expects when the whole mkt behaves in an irrational manner like now. Link to post Share on other sites More sharing options...
Soya Supersonic June 3, 2011 Share June 3, 2011 i already cashed out....waiting for suicide sale.........zippedadoodah more indications of dark clouds brewing.....http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1132805/1/.html Link to post Share on other sites More sharing options...
RadX Moderator June 3, 2011 Share June 3, 2011 more indications of dark clouds brewing.....http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1132805/1/.html stok markets are always 6-8 months ahead of normal cycles...thus, yes, i cashed out in time....now waiting margin calls......then see if price right........yahoo Link to post Share on other sites More sharing options...
Chemmie78 Clutched June 3, 2011 Share June 3, 2011 more indications of dark clouds brewing.....http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1132805/1/.html pls remember in May last year we also had the same correction and markets still up at the end of the year... and secondly becos the market in sg is so small...alot of other factors affect the price... Link to post Share on other sites More sharing options...
Chemmie78 Clutched June 3, 2011 Share June 3, 2011 stok markets are always 6-8 months ahead of normal cycles...thus, yes, i cashed out in time....now waiting margin calls......then see if price right........yahoo banks generally will not issue margin calls as long as you pay the monthly installments promptly...unless you go into default then all hell breaks loose Link to post Share on other sites More sharing options...
RadX Moderator June 3, 2011 Share June 3, 2011 banks generally will not issue margin calls as long as you pay the monthly installments promptly...unless you go into default then all hell breaks loose I missed the Carribean that time at all time low as someone bailed out......let's see what comes up now Link to post Share on other sites More sharing options...
Ben5266 Supercharged June 3, 2011 Share June 3, 2011 I missed the Carribean that time at all time low as someone bailed out......let's see what comes up now Think the D-day will be when most companies report their Q2/H1 result in early Aug.... Link to post Share on other sites More sharing options...
Chemmie78 Clutched June 3, 2011 Share June 3, 2011 I missed the Carribean that time at all time low as someone bailed out......let's see what comes up now Yeah man if not now sitting on half mill of profits and can semi retire Link to post Share on other sites More sharing options...
Chemmie78 Clutched June 3, 2011 Share June 3, 2011 Think the D-day will be when most companies report their Q2/H1 result in early Aug.... Wun la Sti breaching 3800 in august Link to post Share on other sites More sharing options...
Soya Supersonic June 6, 2011 Share June 6, 2011 banks generally will not issue margin calls as long as you pay the monthly installments promptly...unless you go into default then all hell breaks loose Dun be too sure. Yes, if onli got 1 loan for home occupation and LTV ratio is comfy. Even if miss a few payments, banks will prob help to restructure loan to reduce instalment and lengthen tenure. But there are alot of overstretched buyers out there now who are on max 80% (or even 90%), 30-35yr loans for their 2nd or 3rd property. Assuming the property is valued at $1.5M during peak mkt purchase, 80% margin financing is $1.2M. In a mkt downturn, valuation could easily drop to $1.3M. 80% of $1.3M is $1.04M. If buyer is the risky type, banks may margin call $160k. Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 6, 2011 Share June 6, 2011 Yeah man if not now sitting on half mill of profits and can semi retire Cannot lah, half a million how to semi-retire? Radxy's expenses very very high, you know? Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 6, 2011 Share June 6, 2011 Dun be too sure. Yes, if onli got 1 loan for home occupation and LTV ratio is comfy. Even if miss a few payments, banks will prob help to restructure loan to reduce instalment and lengthen tenure. But there are alot of overstretched buyers out there now who are on max 80% (or even 90%), 30-35yr loans for their 2nd or 3rd property. Assuming the property is valued at $1.5M during peak mkt purchase, 80% margin financing is $1.2M. In a mkt downturn, valuation could easily drop to $1.3M. 80% of $1.3M is $1.04M. If buyer is the risky type, banks may margin call $160k. Actually i hope property prices come off 30% - 50%, then we'll see who are really the steady ones. Link to post Share on other sites More sharing options...
Moredhel 2nd Gear June 6, 2011 Share June 6, 2011 Wun la Sti breaching 3800 in august Waiting for it to near 4000. Then cash out, sit tight and look for pickings for next 1 1/2 year. Link to post Share on other sites More sharing options...
RadX Moderator June 6, 2011 Share June 6, 2011 Cannot lah, half a million how to semi-retire? Radxy's expenses very very high, you know? how u know..i may be camping at sembawang beach nia...no property no nothing to my name [bigcry] ↡ Advertisement Link to post Share on other sites More sharing options...
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