13177 Supersonic March 23, 2020 Share March 23, 2020 25 minutes ago, Silver_blade said: I think it may be a lot worse than the past few economic crisis. The economy was already limping cos of the trade world before the COVID-19 hit the world. But seems like never see a great impact in sg yet? Except tourism, retails and eatery. People here still buying expensive item like car and property? Lol. ↡ Advertisement Link to post Share on other sites More sharing options...
Volvobrick Supersonic March 23, 2020 Share March 23, 2020 3 minutes ago, 13177 said: But seems like never see a great impact in sg yet? Except tourism, retails and eatery. People here still buying expensive item like car and property? Lol. Slowly but impact will come. Typically Shares drop, then Business Drop, then Jobs Lost, then COE/Car prices drop, and last to drop is property. So next few months correct action will be Buy Car, then property, then shares. Provided didn't kena killed by the virus financially and literally. 3 3 Link to post Share on other sites More sharing options...
Silver_blade Turbocharged March 23, 2020 Share March 23, 2020 12 minutes ago, 13177 said: But seems like never see a great impact in sg yet? Except tourism, retails and eatery. People here still buying expensive item like car and property? Lol. I think the writing is already on the wall but many of us are either in denial or think it will hit many others but not us 😃 3 2 Link to post Share on other sites More sharing options...
Ginyu 4th Gear March 23, 2020 Share March 23, 2020 (edited) 41 minutes ago, 13177 said: But seems like never see a great impact in sg yet? Except tourism, retails and eatery. People here still buying expensive item like car and property? Lol. Maybe some are buying with no loan. They been waiting for this opportunity since things are cheaper now😝 Edited March 23, 2020 by Ginyu 2 Link to post Share on other sites More sharing options...
No_worries 6th Gear March 23, 2020 Share March 23, 2020 (edited) 27 minutes ago, Silver_blade said: I think the writing is already on the wall but many of us are either in denial or think it will hit many others but not us 😃 The Edge Magazine and their recent issues mention Singapore property is like safe haven in bad times such as now. Moreover they highlighted that recent launches such as the EC at Canberra in Sembawang still see healthy response. I am not too sure if they are trying to talk up the market or not. https://www.edgeprop.sg/amp/property-news/survey-property-seekers-still-keen-despite-covid-19-1 Edited March 23, 2020 by No_worries Link to post Share on other sites More sharing options...
bsswan 6th Gear March 23, 2020 Share March 23, 2020 4 hours ago, Mockngbrd said: if SQ gg, den the rest of the World's airlines confirm gone case. Emirates grounded 100%. Small benefit of both SQ and EK is there is a government and wealth fund behind that can do some work. For the likes of AF/KL & Virgin, days could be numbered - maybe the Jho Low money can save MH. Link to post Share on other sites More sharing options...
13177 Supersonic March 23, 2020 Share March 23, 2020 22 minutes ago, Ginyu said: Maybe some are buying with no loan. They been waiting for this opportunity since things are cheaper now😝 Even with no loan but isnt it now better to have more cash on hand? Lol. Unless the person is millionaire then no need to say. Link to post Share on other sites More sharing options...
Vinceng Turbocharged March 23, 2020 Share March 23, 2020 Anyway, enjoy the crisis while it lasts - low fuel prices, empty shopping malls, free parking. stock mkt crash - good time to catch some blue chips at all time low, property mkt crash - excellent opportunity to buy or bid for repossessed units. 3 Link to post Share on other sites More sharing options...
Yewheng Twincharged March 23, 2020 Share March 23, 2020 I am more worry about share buy back for banks in Singapore.. Its not a good sign.. https://www.businesstimes.com.sg/banking-finance/singapore-banks-show-voracious-appetite-in-buying-back-shares Hope mas to step in on the share buy back thing.. Link to post Share on other sites More sharing options...
Yewheng Twincharged March 23, 2020 Share March 23, 2020 1 hour ago, No_worries said: The Edge Magazine and their recent issues mention Singapore property is like safe haven in bad times such as now. Moreover they highlighted that recent launches such as the EC at Canberra in Sembawang still see healthy response. I am not too sure if they are trying to talk up the market or not. https://www.edgeprop.sg/amp/property-news/survey-property-seekers-still-keen-despite-covid-19-1 There will have lag in these market to burst.. So now still look very rosy.. Wait the lag time hit property market.. = gg 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 23, 2020 Share March 23, 2020 1 hour ago, 13177 said: But seems like never see a great impact in sg yet? Except tourism, retails and eatery. People here still buying expensive item like car and property? Lol. Got $ power, can buy anything lah. No problem Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 23, 2020 Share March 23, 2020 4 minutes ago, Yewheng said: There will have lag in these market to burst.. So now still look very rosy.. Wait the lag time hit property market.. = gg Yes property market has the long lag. But when it gets there, the problem basically is sibei zeng becos most people buy with speculative income. Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 23, 2020 Share March 23, 2020 1 hour ago, Volvobrick said: Slowly but impact will come. Typically Shares drop, then Business Drop, then Jobs Lost, then COE/Car prices drop, and last to drop is property. So next few months correct action will be Buy Car, then property, then shares. Provided didn't kena killed by the virus financially and literally. No lah, Wind30 say nothing will happen, the other industries still huat leh Link to post Share on other sites More sharing options...
cashcow Turbocharged March 23, 2020 Share March 23, 2020 26 minutes ago, Yewheng said: I am more worry about share buy back for banks in Singapore.. Its not a good sign.. https://www.businesstimes.com.sg/banking-finance/singapore-banks-show-voracious-appetite-in-buying-back-shares Hope mas to step in on the share buy back thing.. My guru @Jamesc also said when banks n big corporations do such daily buy backs, It's buy buy buy bye bye 3 Link to post Share on other sites More sharing options...
Yewheng Twincharged March 23, 2020 Share March 23, 2020 1 minute ago, cashcow said: My guru @Jamesc also said when banks n big corporations do such daily buy backs, It's buy buy buy bye bye Really not a good sign.. Very troubling... 2 Link to post Share on other sites More sharing options...
inlinesix Supersonic March 23, 2020 Share March 23, 2020 1 minute ago, cashcow said: My guru @Jamesc also said when banks n big corporations do such daily buy backs, It's buy buy buy bye bye Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 23, 2020 Share March 23, 2020 1 hour ago, No_worries said: The Edge Magazine and their recent issues mention Singapore property is like safe haven in bad times such as now. Moreover they highlighted that recent launches such as the EC at Canberra in Sembawang still see healthy response. I am not too sure if they are trying to talk up the market or not. https://www.edgeprop.sg/amp/property-news/survey-property-seekers-still-keen-despite-covid-19-1 Safe haven? Something which requires Leverage big big is safe haven? Lan Jiao is safe haven. 1 Link to post Share on other sites More sharing options...
Ginyu 4th Gear March 23, 2020 Share March 23, 2020 1 hour ago, 13177 said: Even with no loan but isnt it now better to have more cash on hand? Lol. Unless the person is millionaire then no need to say. Had the impression that one need to be a millionaire so can afford to purchase those recent property launch costing more than a million at least. Dont tell me peasants can also afford to buy ah? 🤣 ↡ Advertisement Link to post Share on other sites More sharing options...
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