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FTs Causing Problems Again


Mightymito
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http://sg.finance.yahoo.com/news/Bleak-out...156993.html?x=0

 

 

 

 

Singapore's property sector may soon face difficult times, as Standard Chartered Bank's latest report has stated a bearish outlook for the market.

 

According to the bank's analysts, prices and rents of residential properties in Singapore will drop by 30 percent over the next three years.

 

This will be quite a setback, given that prices rose 18 percent in 2010, as Singapore recovered strongly from the global financial crisis. Prices soared a further six percent in the first three quarters of this year.

 

In addition, the bank expects some problems ahead, such as the unprecedented supply of completed homes coming on-stream and slower population growth due to stricter immigration policies.

 

"We expect lower population growth and high completions to induce a 20-30 percent decline in home prices in 2012-2014," said the StanChart analysts. "When residential prices went into a four-year downcycle from 2001, residential developers traded at 0.6-0.8 times price-to-book ratio."

 

The gloomy outlook came after property developers reported subdued results for the third quarter this year, attributed to lower contributions from their development units.

 

For the latest property news, trends, resources and expert opinions, visit our property news section. Home buyers, sellers or property renters looking for a Singapore property may like to visit http://www.propertyguru.com.sg today.

 

Edited by Mightymito
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Everything also blame FTs, how about the locals who had benefitted from selling their property to these FTs in the past few years? This xenophobic behaviour is really quite wanton.

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Everything also blame FTs, how about the locals who had benefitted from selling their property to these FTs in the past few years? This xenophobic behaviour is really quite wanton.

Since when u become the next MCF in house FT supporter? Badder rested in peace...you taking over? [laugh]

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Everything also blame FTs, how about the locals who had benefitted from selling their property to these FTs in the past few years? This xenophobic behaviour is really quite wanton.

wah your english power

 

can post simple singlish

 

wanton ... i got hungry thought it is wanton mee

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Since when u become the next MCF in house FT supporter? Badder rested in peace...you taking over? [laugh]

 

Now he becum my consultant leow...hahaha....anyway I am anti FT men too, but pro FT women.... [laugh]

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wah your english power

 

can post simple singlish

 

wanton ... i got hungry thought it is wanton mee

 

Cos people here all high class and atas one....don't use queen's engrish, they cannot understand...

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anywhere in the world

we need FTs in varying proportion

 

however, the number and speed in which FTs are allowed by our government to flood our tiny island

requires a miracle to undo what the damages had already happen

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anywhere in the world

we need FTs in varying proportion

 

however, the number and speed in which FTs are allowed by our government to flood our tiny island

requires a miracle to undo what the damages had already happen

 

this is very true

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anywhere in the world

we need FTs in varying proportion

 

however, the number and speed in which FTs are allowed by our government to flood our tiny island

requires a miracle to undo what the damages had already happen

True, we cannot avoid FTs no matter which country. But the number of FTs should be limited to certain numbers, also quality of FTs also important. Unlike sgp govt, never plan and think on the adverse impact that huge numbers of FTs/FWs coming into tiny sgp?! Do you think govt is intending to undo what the damages has already done?

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