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Drop in Mortgage Default Rate

As a result of improved economic sentiment, the default rate on mortgages has almost halved from 0.5% in March 2008 to 0.29% in March 2010, according to statistics from Credit Bureau (Singapore), Singapore’s consumer credit bureau. A loan is classified as default when it is 90 days past due.

The statistics also show that consumers aged 50-59 have overtaken younger borrowers as the group with the highest mortgage default rate in March 2010. The 50-59 age group’s default rate stood at 0.45% in March 2010, down from 0.63% in March 2008. In contrast, consumers aged 21-29 had a default rate of 0.27% on their mortgages in March 2010. In March 2008, these young consumers had the highest percentage of defaults at 1.05%.

While mortgage defaults and perhaps even other types of consumer debt may be down as a result of the better economy, consumers should not be complacent. How can older and younger consumers enhance their credit reputation and manage their payment patterns to improve their credit worthiness so as to secure future borrowings?

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08-Jan-2011 09:45

Others / Falling DOW

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Interested in the DOW's mvoement? I think one can consider working in Bloomberg (based in singpaore) -

Go to recruit.net to find out more!

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08-Jan-2011 09:39

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Read someone's opinion on the Wall Street and there is this one that should send Wall street into thinking deep about it

""...........However we need to do it, we need to get the smart money on Wall Street back to thinking about ways to use their capital to help start and grow companies. That is what will create jobs. That is where we will find the next big thing that will accelerate the world economy. It won’t come from traders trying to hack the financial system for a few pennies per trade.............""

P/s - Back home in SGX, are we going to adopt the same or are we gonig to allow 'opportunist day traders' to short and ruin the STI market?

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08-Jan-2011 09:21

User Research/Opinions / ! ! ! ! LANDED Property prICes fOr REAL ! ! ! !

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Buy landed pty in Tibet, the land might get flattened by earthquake.

Hulumas ( Date: 07-Jan-2011 17:31) Posted:

Tibet, PRC.

niuyear ( Date: 07-Jan-2011 17:14) Posted:

Head also some one said landed quite cheap now, but, which area?

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07-Jan-2011 17:14

User Research/Opinions / ! ! ! ! LANDED Property prICes fOr REAL ! ! ! !

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Head also some one said landed quite cheap now, but, which area?

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07-Jan-2011 17:07

OCBC Bank / OCBC

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Havent sold . Hope can go higher next week.

Plse cheer to higher price.

risktaker ( Date: 07-Jan-2011 16:09) Posted:

No he went in long position. Come leh support him !!!

Dont short pls..... CHIONG AH......................... $11.20

money_maker ( Date: 07-Jan-2011 15:51) Posted:

He shorting or going long...?

I'm still waiting to board the boat but need someone to bring it back closer to shore :P

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07-Jan-2011 14:22

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Yes, but, they could have done it much earlier before release of the report.

elton81 ( Date: 07-Jan-2011 14:07) Posted:

normally i hold max 2 wks for those i trading.... i dont like to hold for too long..

Gaecia ( Date: 07-Jan-2011 13:47) Posted:

One can only tell the next support as the trend develops. Are you on contra? Then you might want to seek BT's advice for short term trades.

I could only recall i used to own Gar at .705 fully paid in cash a/c last Nov, that's nearly 70 cents just 2 months ago but alas, i played the 3Q game to trade in & out and ended up with small losses. Had I left this long term bull untouched, it would have been approx. $100 profit per lot in just 2 short months.

Simply cannotforgive myself for being so short-sighted.

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07-Jan-2011 14:01

Genting Sing / Traders Lounge - Daily opportunities for everyone

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If genting price drops, that means, UOB KH shorting it......

icetomato ( Date: 07-Jan-2011 12:22) Posted:

Ya.. why they say 2.18 huh?

cannotfind ( Date: 07-Jan-2011 12:21) Posted:

crazy.. it never dropped to 2.1

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07-Jan-2011 12:54

User Research/Opinions / ! ! ! ! LANDED Property prICes fOr REAL ! ! ! !

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All these aborted deals leave me wondering whether the caveats filed for these purchases have added more spice than usual to the price index for landed homes.

It will certainly explain the Q3 anomaly.

The same reasoning can be applied to semi-detached and terrace houses.

However, here, the budgets of owner occupiers are constrained by their wealth and household incomes.

You will know when this segment becomes highly speculative. It is when the dirty tricks come out. There is big money to be made and fair play is the least concern of many housing agents.

The complaints have been piling up and I am hearing of many of them. I expect the newly-formed Council for Estate Agencies (CEA) to be really busy.

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Re: The Aborted deals

If many deals are aborted, why didint the authority step in much earlier to prevent such speculations?? or, having the buyer and seller interaogated.

pharoah88 ( Date: 07-Jan-2011 11:11) Posted:

Colin Tan

property@mediacorp.com.sg

When the real estate figures for the private housing market for Q3 2010 were released in late October, the landed sector pulled off a huge surprise by going against the market trend.

The writer is Head, Research & Consultancy at Chesterton Suntec International.

Instead of slowing down like the rest of the market as it absorbed the impact of the most recent set of cooling measures, prices rose at an accelerated pace.

The rate of price increase for high-rise apartments and condominiums slowed from 5 per cent in Q2 to 1.6 per cent in Q3, while that of landed homes rose from 6.2 per cent in Q2 to 7.7 per cent in Q3.

The usual reasons were trotted out.

The supply remains limited while buyers of landed homes are not hindered by affordability concerns and are therefore better able to cope with price increases.

Personally, I think this is a common marketing ploy of real estate agents to get buyers to pay higher prices. Anyone who has been following the market for many years will know that prices of all properties, when faced with the same set of measures or regulations, will behave in the same way — meaning, they follow the same trend, if not the magnitude, of the impact.

Since the release of the Q3 statistics, there have been a lot more news reports and articles than usual extolling the appeal of landed homes, especially good class bungalows (GCB). Limited supply is the most common reason given to support the strong growth potential of GCBs.

But given the high cost of GCBs, how big really is the market for such properties?

Buying one is already such a big commitment; maintaining it thereafter is another. The demand for such properties is inelastic. Whether prices rise or fall, real owner-occupier demand remains more or less the same.

How often do we hear of tycoons and CEOs owning and living in two or even three GCBs at the same time?

All this means that the surge in demand must come mainly from investors.

Rapid price growth in this segment can come about only when investors sell to other investors.

This brings me to the other commonly cited factor: Affordability.

For owner-occupiers, this is not likely to be a concern.

For investors, who tend to fully leverage their cash resources, affordability is definitely a concern, especially if they already have a number of properties on their hands. They carefully weigh the risks against the potential capital gain before investing.

Is landed property among the safest buys?

For one, when prices of this segment shoot up too rapidly, it is difficult to get valuations to match the purchase price. A large proportion may then have to be paid in cash.

As real demand is inelastic, what happens to the last investor holding the property?

Yes, you’ve guessed it — he walks away from the deal with a substantial loss.

It was therefore not a real surprise that the buyer of the $36 million bungalow in Sentosa Cove walked away from the deal. I hear another similar over-the-top purchase on the island met with the same fate. My sources tell me there are also similar aborted deals on the main island. I personally know of one case.

All these aborted deals leave me wondering whether the caveats filed for these purchases have added more spice than usual to the price index for landed homes.

It will certainly explain the Q3 anomaly.

The same reasoning can be applied to semi-detached and terrace houses.

However, here, the budgets of owner occupiers are constrained by their wealth and household incomes.

The complaints have been piling up and I am hearing of many of them. I expect the newly-formed Council for Estate Agencies (CEA) to be really busy.

Finally, the flash estimates for 4Q 2010 have indicated that price growth of private homes has slowed to reasonable levels. Most of us have been wondering whether another set of cooling measures is imminent.

If rapid growth is the main concern of the authorities, I do not expect another set any time soon.

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07-Jan-2011 10:01

OCBC Bank / OCBC

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can sell end of the day also

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07-Jan-2011 09:55

China Gaoxian / ChinaGaoxian

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yes sir, i am fierce. hahah!

masterlim8888 ( Date: 06-Jan-2011 22:35) Posted:

do load up fiercely before mid of next week.

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07-Jan-2011 09:39

SingTel / Singtel Bullish???

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singtel!

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06-Jan-2011 15:31

Global Logistic / GLP

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This posting very enlightening.

blackreplica ( Date: 11-Dec-2010 16:03) Posted:

I think what he was trying to say is that if gains were a sure thing with this stock, the stock price would have risen by now.

The reason it hasn't is because people aren't sure yet. There is some uncertainty in the chinese economy, and a particular research report which rates GLP as fully valued at $2.10. Being a new IPO as well, there is some uncertainty...but IMO uncertainty is also where opportunity can be found

There are no sure things in the business of investing. This forum is overpopulated with short term speculative traders, hence the label of junk stock on GLP by such individuals simply because the price doesn't 'chiong' up and down like Genting

As a long term investor i am more interested in value and long term growth potential. IMO this stock offers this, but i definitely don't have absolute certainty, and the fact that i have a well diversified portfolio (as opposed to putting everything i have into GLP) is a reflection of that.

IMO current prices are good value. But please bear in mind i am not a punter. I pay for my stocks in cash and can keep them as long as I want. It seems my profile is not a common one here.

I have no idea how this stock will perform in the near term. But i think a guy prepared to hold this stock at least 6-9 months will probably make a decent amount of money, barring some meltdown in the Chinese market (which will demolish just about every other stock anyway)

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06-Jan-2011 14:50

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Read from a website, just relax (very relax) on the bed for 10 miutes EVERY day . imagine whatever you wish for your life , thinking positively and the positive energy will be formed day after day............

curing a cancer / sickness

getting rich

more luck or wealth........etc

Try see if it changes your life,if not, plse dont blame me, just sharing .

elton81 ( Date: 06-Jan-2011 14:46) Posted:

ohhh imagine... lol i at least imagine 2 hrs a day that i am rich.. hahaha

icetomato ( Date: 06-Jan-2011 14:44) Posted:

BT said everyday must imagine for 2 mins that you are rich. Then will become rich.

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06-Jan-2011 14:44

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Yes Sir, thankyou for your reminder.

Isolator ( Date: 06-Jan-2011 14:32) Posted:

When it is above 3300+++, be ready for a down..... Smiley

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06-Jan-2011 14:36

Genting Sing / Traders Lounge - Daily opportunities for everyone

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oh ho, which VIP? Wife pretty or not? hahaha!

cannotfind ( Date: 06-Jan-2011 14:35) Posted:

this time the VIP wife told me Good... not like last time cannot say.... maybe she is pulling my leg?

niuyear ( Date: 06-Jan-2011 14:28) Posted:

Genting had been lagging for quite sometime, so.......err....... up to individual to make a bet. :

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06-Jan-2011 14:28

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Genting had been lagging for quite sometime, so.......err....... up to individual to make a bet. :)

Hulumas ( Date: 06-Jan-2011 14:15) Posted:

GentingSP the price is not right now!

BullishTempo ( Date: 26-Oct-2010 12:44) Posted:

Welcome to the traders' lounge where our primary focus is on GentingSp. But at the same time we also hunt for other daily opportunities on each trading day. General discussions on wealth creation and philanthropy is also welcomed.

So come and join us in this exciting, energetic and bustling community! Smiley

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06-Jan-2011 11:41

China Gaoxian / ChinaGaoxian

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Just buy small lots - 20 to 50lots

No try no gain.

No try no pain. lol!!

teeth53 ( Date: 06-Jan-2011 11:33) Posted:

Jia luck lohh....happy somebody willingly to but @0.425c

@ What situation now??., so far my remisier is saying mkt rumour when i asked, isit 0.55c - ask me don play such stock, can liao.

I cannot fathom the truth, but i trust my long times remisier, i don pla, wait kena suck in.

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