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Hi Pikachu,
Hope can share this in property and it prices outlook for.......2008. Thk Qs
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Can quote this in Property out look for 2008 forum....thk
pikachu ( Date: 21-May-2008 15:24) Posted:
I got this post from another forum. Very interesting and valid arguments.
Well...I would wait at least another 6 months to a year.
We told clients and investors to sell all Singapore holdings (property,
stocks and everything else) in June 2007. We determined that prices
would never, ever be higher and were predicting a 15% drop in pricing
by March 2008 and 25% drop by June 2008.
Rationale was simple and not rocket science.
#1. There was no demand for housing when the boom started.
The vacancy rates on existing housing were above New York, London,
Hong Kong, Tokyo and other major urban market levels. A Singapore
property boom made no sense at all.
#2. Singapore GDP...nice impressive numbers. But the growth was 99%
construction related. There is no economic growth when the construction
boom ends and those numbers are subtracted from the total.
#3. The existing luxury housing vacancy levels in Singapore were
adequate to fill the needs of Singaporeans and any possible influx of
new senior executives for the next 5 years. Thus, there was no demand
for executive luxury housing in the market.
#4. Value for money on Singapore property for foreign investors is
not good when compared to other projected growth economies. (several
factors are weighed including psf, quality of workmanship, size of
economy, projected growth of economy, lifestyle and culture of the
market.)
#4. The targeted future population numbers of Singapore are pie in
the sky and completely without substance. Singaporeans are not having
kids and the demand for jobs in Singapore will be service led lower
paying jobs to supply the planned tourism developments. Non of these
new inhabitants will be buying or renting condo's, especially in the
high-end. And tourists visit, they don't buy or rent.
#5. Singapore is not a supply/demand driven economy. It is a small,
managed economy. Thus, the property development plans were lofty,
risky, and not based on future real supply/demand realities.
#6. There is a lack of real, transparent, objective information
available in the Singapore market about the Singapore market. This
leads to investors belief in hype and speculation rather than economic
principles.
#7. Global money supplies and markets are taking a beating and will
continue to take a beating. The second call on the sub prime products
happens this June so more big losses are expected. This will stall or
even damage the Singapore economy.
We expect distress sales in the property market to start soon. The
high-end rental market is non-existent and the higher % of all unit
sales were high-end investment property, speculator driven.
These buyers need "wealthy" renters to subsidize the million
dollar mortgages. Most locals cannot afford the rents the market is
demanding.
Surveys of multinational companies and banks have indicated that
there is no boat-load of expats with a big housing allowance arriving
at the Singapore port anytime soon. The new owner is now stuck with
100% of a very expensive monthly mortgage.
Here is an example of one major high-end development I'm following to prove the point. These are some very telling numbers.
600+ units launched
20+ remaining at $2,000 per square foot via the developer.
100+ units previously sold are now for sale privately less than 7 months after launch for $1,300 to $1,600 per square foot.
The reason...no rental income.
That tells me that property owners are willing to admit that market
prices are down 25%+ already. Unfortunately, even at a 25% discount,
there are no buyers.
Existing Singapore residents are keeping the rental market buoyant
due to the fact they sold their old places and are waiting for the
prices to drop...OR...waiting for their new unit to be completed. These
people are relatively small in overall numbers and definitely not going
to rent high end luxury units. They are driving HDB, middle priced
housing rents up right now. They are also demanding 12 month leases or
even less if they can get it proving that they are waiting to move or
sitting on the sidelines waiting for prices to drop.
The Singapore property market is massively oversupplied today and
more units are on the way. This is not good. This is should be
extremely troublesome to anyone who owns property anywhere in that
market. The potential valuation losses in the property market could be
enormous, especially at the high-end. Overall prices could sink well
below SARS levels and this could happen within 6 months to a year.
The short lived property boom was very much like a pyramid scheme.
It was all hype and no substance.
The first guys in are now smoking big cigars.
The last guys in are now left holding the ashtray.
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Speculating on E3, like no cheong-ing leh, better speculate on Jade and make a quick run.
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I would rather tink is good news since no bab news so far.
MichaelLiJunHong ( Date: 21-May-2008 09:18) Posted:
| anyone know the reason for the halt ? |
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"Ho Sei Bo" let say from bottom up liao, tink wait loh 4 BBs to finish their, then oso have 1-2 right one (1) cents, ave off then again hope for the best. Huat huat ahh...cheong ahh.
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$0.285 ct mt TP reach, but did not reach my turn, unluckly leh...
| ChinaEratat |
-- |
-- |
0.285 |
0.310 |
+0.015 |
+5.1 |
8,242,000 |
574,000 |
0.305 |
0.310 |
304,000 |
0.310 |
0.285 |
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Signal of another one(1)lot done. Lossing commission can run into many hundred, thousand of dollars.
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Just FYI: >9mil share to clear 12.5 ct
| Jade |
-- |
-- |
0.085 |
0.130 |
+0.050 |
+62.5 |
250,562,000 |
9,355,000 |
0.125 |
0.130 |
1,135,000 |
0.135 |
0.085 |
| Jade |
-- |
-- |
0.085 |
0.130 |
+0.050 |
+62.5 |
250,562,000 |
9,355,000 |
0.125 |
0.130 |
1,135,000 |
0.135 |
0.085 |
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OR Die, die must hang >13.5 cents memm.....tag of war here at this time. next following up purchasing seem slowing down as every sec tick by....... till 5 pm
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Die, die oso cannot go beyond 13 cent liao. BBs Vs BBs leh, 1 lot, 1 lot bot
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Another deal.....Some BBS win, some BBs lose.
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Just sharing my tot...How come those BBs vested did not speculate on E3 holding. isit B'cos they are not vested here ???. as i know of, oni three (3) BBs is vested and of course there kakis as well, those outsider be be cautious and trade with care...my tot goes to those who gamble and don't know how or when to let go, worst if need to pay up after the third day, hopefully by third day prices is still within 13.5 cent, tomorro is a new day to speculate on
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Golden opportunities for taking profit by BBs, so is other BBs who bot it.
Other amall boys following....
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Just for ur info.....Xpre$$..52 wk (Range) high of 23ct and a low of 0.09ct, note those volume trade it took about (est) few month B4 and after July 2007..
Splits:none |
| Last Trade: |
0.11 SGD |
| Trade Time: |
2:06PM SGT |
| Change: |
 0.005 (4.76%) |
| Prev Close: |
0.105 |
| Open: |
0.105 |
| Bid: |
0.105 |
| Ask: |
0.11 |
| 1y Target Est: |
N/A |
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| Day's Range: |
0.105 - 0.11 |
| 52wk Range: |
0.09 - 0.23 |
| Volume: |
1,485,000 |
| Avg Vol (3m): |
1,495,970 |
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Same, same for Jade. Sama sama for Xpress, same BBs playing after awhile get tired and maybe forgoten, but 1st make $$$ just like Expre$$, from the same breed.
ozone2002 ( Date: 20-May-2008 11:49) Posted:
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YEAH I LOVE THE TRICKS THE BB PLAYS..N THE CEO.. ALL TRICKS UP THEIR SLEAVES..MAKE MONEY FOR ME BABY!
ozone2002 ( Date: 01-May-2008 09:26) Posted:
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i remembered sometime back ..Xpress CEO who is now Jade President, was given the same situation in terms of pay..
and i bot their share..and i gained 300%..shiok!
VESTED heavily in this baby...wait for the herds to come in n pass to them..muhahaha |
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More them 7mil awaiting to buy 11.5 ct...............golden opportunities to take profit, my guess ended at 11.5ct B4 further deciding wihich way to go....? by BBs ( for or against)
| Jade |
-- |
-- |
0.085 |
0.120 |
+0.040 |
+50.0 |
183,682,000 |
7,849,000 |
0.115 |
0.120 |
1,992,000 |
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Here ur graph chart and volume....Plus trade summary for morning trade till now, 0.09 cent bot up and 0.125 ct sold down
Splits:none |
| Last Trade: |
0.125 SGD |
| Trade Time: |
2:23PM SGT |
| Change: |
0.045 (56.25%) |
| Prev Close: |
0.08 |
| Open: |
0.085 |
| Bid: |
0.125 |
| Ask: |
0.13 |
| 1y Target Est: |
N/A |
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| Day's Range: |
0.085 - 0.13 |
| 52wk Range: |
0.025 - 0.565 |
| Volume: |
158,936,000 |
| Avg Vol (3m): |
17,677,500 |
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Golden opportunities now or never, err...sell or take profit ???. Chasing after the prices or get stuck !!! Err...just don't get suckin into this...BBs play. Be cautious when when One can get huge profit of more then 50% in just one single day.
!3ct await to take profit......?.
| Jade |
-- |
-- |
0.085 |
0.125 |
+0.045 |
+56.3 |
170,636,000 |
3,407,000 |
0.125 |
0.130ct |
5,581,000 |
0.130 |
0.085 |
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S-Share on profit taking....
ChinaEratat Last:0.315 Vol:13916k  -0.0050
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Re-cycle water, can drink, can save life, can save resources, can save car, err...may take while
Livermore ( Date: 19-May-2008 08:23) Posted:
Apparently this New Zealand guy might be using electrolysis to free the hydrogen.
HLJHLJ ( Date: 19-May-2008 01:07) Posted:
| Still need energy to break the H2O bonds in water to get the hydrogen for combustion later on. I think not feasible yet. |
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