i'd say, wait a bit, hold your horses. maybe after 2010, then will start to pick.
however if you have money to hold, then now is time to buy. *imo*
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Discussion : Singapore Property
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an appropriate time to enter property market?
age old advice from folks around me...
"when everyone rich, you throw your hse for them to feed. when ppl poor, you take over their hse to feed."
now the thing is, when the right time is? lets say if Q2-Q3 2010 sg show signs of recovery, now should be the right time to scout rite?
anyone keeping a lookout for bargains liao? maybe we can form some network?
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Originally posted by Andrew Taybro....we have the cash so we can wait....those bladdy property speculators cannot hold on to the property for long. unless they can come out with the cash for the payment, they have to let go sooner or later.
we just need to have patience and wait......
i am not at all fazed or waiting for durians to drop from these guys, i am looking out more for the developers to drop prices, thats more pertinent to the market place then those "mere specuvestros". very similar to Sincere dropping prices versus those holding BNIB dropping prices.
already developers are dropping prices for those projects that are already in the pipeline, choosing to concentrate on marketing these units and not developing those enbloc sites, esp 99 leaseholds, which require accounting mark downs. of course those Tier one developers have lotsa of cash this round versus the last boom/bust, plus more liquid assets via securitization they took over the past few years. if they can survive the next 3 quarters, they will emerge not needing to cut prices too dramatically.
no one is buying this caspian or alexis sold out scenario YET. nevertheless, DONT LOOK AT absolute PRICE.....look at yield and timing that indicate market turning, thats more important.
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I feel that the current economic situation is hanging on a thin string. Any additional surprise will create a turbulence in the world.
Luckily, Singapore has a late start in the feel of the downturn and we are only beginning to have a "soft feel" only in this quarter. This is just the beginning.
Currently people here has enjoyed the boom and bonuses of the last 3 years and are generally cash equipped to ride through the coming 3-5 years. Those who are buying now are targeting at the mid and mass market condos where they genuinely need a place to stay/upgrade. Concurrently, these seems to give a false impression that the higher end segment price are holding due to the demand created in the mid mass segment.
There is a long road ahead starting from now and the buying will stop one day and we'll see where the other segment's price will head. We all know and will be waiting for that day. Have patience my friends.
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Originally posted by 116520 View PostSo we have became the "Low-ballers" in the property market??
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Caspian Sold out??? Wow.. I guess people are betting on Govt's future development plans in Jurong.... something like Marina area, foreigners drove up the property prices there anticipating govt's future development there...
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So we have became the "Low-ballers" in the property market??Originally posted by jazz_samz View PostPM announce that it's anticipated that our economy might shrink by 5%.
But majority of the home sellers still expect to fetch high prices like during the property boom.
I like it best when an agent said to me yesterday that "You must be kidding to ask for that kind of PSF. Impossible to fall so low lah. FYI, last wk Caspian SOLD OUT!!! It is definitely a sign that our property market is recovering. "
I just told her, that's very good. But I guess you are too determined to ignore the obvious situation of our economy as well as the global economy. I wish you good luck, but don't have to call me to chk if I am still keen later. Ü
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PM announce that it's anticipated that our economy might shrink by 5%.
But majority of the home sellers still expect to fetch high prices like during the property boom.
I like it best when an agent said to me yesterday that "You must be kidding to ask for that kind of PSF. Impossible to fall so low lah. FYI, last wk Caspian SOLD OUT!!! It is definitely a sign that our property market is recovering. "
I just told her, that's very good. But I guess you are too determined to ignore the obvious situation of our economy as well as the global economy. I wish you good luck, but don't have to call me to chk if I am still keen later. Ü
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oh!! you believe in not eating too much commercial food also. my grandma also say that to me when i go to sg; she insist that i eat in at home as often possible so as so to not "damage" my health
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Cannot lah SC. We cook regularly and I try to avoid feeding my kids food prepared commercially unless I don't have a choice. Ü
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Originally posted by jazz_samz View Post... But I also notice the units that I've view have very small kitchen area.... as long as there is a hawker ctr nearby, it is all good
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Thats my indicative offer too... but unfortunately, the units available at SG is too big and 19 Shelford one is too small... But I also notice the units that I've view have very small kitchen area
We like the latter better due to the environment... very family feeling....
I do agree with you on APC... but I also like the 'spa / resport' concept. There are two ways to view this property... if you go by the property name, then Adam Road is the main entrance lah.. and then it don't appear that its on a down hill but rather up. But if you enter via Shelford enterance, then the entire project is on low ground. hahahah
Originally posted by darth-khips View Postthrow in a bid of 850 fro shelford green and 800 for 19. u will see where the real bid/ask is.
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Now is 12:10am, 21 Feb 2009. Sands stock price is trading at $2.40... if Sands go busted, can any bros here enlighten me on the effect of the property market in Singapore?
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