Nav Ad Widget - Mobile

Collapse

Nav Ad Widget - Desktop

Collapse

Announcement

Collapse
No announcement yet.

Some pay $1 million for HDB Some say recession soon?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Some pay $1 million for HDB Some say recession soon?

    Will Singapore be hit by a recession soon? Have anyone been retrenched lately due to poor the economy? Some say most companies are planing to continue hiring...what do you think?

  • #2
    More million dollars HDB will be out soon.

    When the HDB lottery owners cash in. Duxton, tiong bahru, queensway....

    They are not to blame for asking the sky. The market is flushed with buyers with cash.
    Audemars Piguet Ball Bell&Ross Cartier IWC Longines Omega Panerai Rolex Sinn Tissot

    Alba Casio Citizen Roox Seiko

    Wanted to add PP but bo lui

    Comment


    • #3
      Or rather Flush with cheap loans from banks... more to come thanks to QE3
      "He could not just wear a watch. It had to be a Rolex." �Ian Fleming, Casino Royale (1953)

      Comment


      • #4
        Originally posted by ac_wong75 View Post
        Or rather Flush with cheap loans from banks... more to come thanks to QE3
        Agree. Also, too many suckers around. Pity them when interest rate goes up...

        Comment


        • #5
          so if this property bubble burst will the banks enforce the property owner to pay up the difference in valuation price?

          Comment


          • #6
            Originally posted by zedwiko View Post
            so if this property bubble burst will the banks enforce the property owner to pay up the difference in valuation price?
            Yes the banks could do that but how to "enforce" is another thing as the banks might not gain from force-selling the property in such a situation. There again, it is not like the banks would give maximun loan to everyone regardless of the sitution of the economy/property market.
            Watches are like potato chips - You never stop at one

            Never political, seldom diplomatic, always honest

            Comment


            • #7
              I feel recession is like an illness. You fear it would come, and you might even anticipate it coming, but you would only know it when it actually happened.

              For the past 2-3 years, I have been hearing recession is coming, and that property price is going to drop.

              This is really a question for the economy expert I think

              To some, recession is an opportunity.
              Watches are like potato chips - You never stop at one

              Never political, seldom diplomatic, always honest

              Comment


              • #8
                So will this fear cause the majority to hold back on big ticket purchases now in hoping to bag a bargain then. Opportunist mentality, will this bring on the recession sooner?

                Personally when the poison on the grail watch is so deep, really cannot wait for who knows when a recession will happen so just went with the heart

                Comment


                • #9
                  Recession or not, so long the influx of people coming into Singapore on the 6m target.
                  Property prices will not come down.

                  I just know that a old 4 room HDB at outskirt and not anywhere near Mrt fetched 2.8k.
                  This used to be a condo price.
                  Audemars Piguet Ball Bell&Ross Cartier IWC Longines Omega Panerai Rolex Sinn Tissot

                  Alba Casio Citizen Roox Seiko

                  Wanted to add PP but bo lui

                  Comment


                  • #10
                    HDB $1m. There is a high level of liquidity with end buyers (Singaporeans and PRs).
                    If you factor in the raw qty who had flipped property in the window 2010 - 2012, and the liquidity that they are holding, then frankly HDB $1m is nothing to be alarmed with. And one could take a bank loan for the $1m valuation at the LTV desired and permitted while concurrently holding the liquidity from the flipped propery (pural if applicable).

                    Comment


                    • #11
                      Originally posted by Watcha View Post
                      Recession or not, so long the influx of people coming into Singapore on the 6m target.
                      Property prices will not come down.

                      I just know that a old 4 room HDB at outskirt and not anywhere near Mrt fetched 2.8k.
                      This used to be a condo price.

                      2.8k ? You mean psf ?

                      Comment


                      • #12
                        Originally posted by jieming View Post
                        2.8k ? You mean psf ?
                        Forget to add. It's rental per month.
                        Audemars Piguet Ball Bell&Ross Cartier IWC Longines Omega Panerai Rolex Sinn Tissot

                        Alba Casio Citizen Roox Seiko

                        Wanted to add PP but bo lui

                        Comment


                        • #13
                          next year lotsa projects TOP
                          property market will probably soften in end 2013-2014
                          Haves
                          Pam 25
                          Pam 328
                          Omega Speedmaster Professional Moonwatch - Apollo 11 "40th anniversary" limited edition
                          Sinn Regulateur 6100
                          Rolex Explorer II ref 216570
                          IWC Top Gun pilot 44mm ref W378901
                          Rolex Daytona 116520
                          Rolex Tudor Mini-Sub ref 73090
                          Cartier Santos 100 Stainless Steel Large W20073X8
                          JLC Reverso 976
                          Tudor Heritage Black Bay Bronze
                          IWC Portugese 7 day blue dial

                          Wants
                          AP ROO Panda
                          ALS Lange 1 (+/-moon phase)
                          PP Nautilus Annual Calendar

                          Comment


                          • #14
                            The person would liked the location or view or interior or something like that pay that much. This is just one off transaction and I feel that we should not be panicked.

                            Comment


                            • #15
                              my personal views are
                              1) Population will reach a high of 6mil and the increase from there will NOT be seen like in the 2008-2010 years, exponentially. It will be slow.
                              2) Land is still alot in SG especially in woodlands and punggol areas. Even in Sengkang can still build somemore.
                              3) Government already said to accomodate more than 6mil, infrastructure needs time to expand.

                              Hence Supply > Demand, and that is why bubble is building.

                              Comment

                              Footer Ad Widget - Desktop

                              Collapse

                              Footer Ad Widget - Mobile

                              Collapse
                              Working...
                              X