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Property bubble to burst soon
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pharoah88
Supreme |
31-Mar-2010 11:11
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# WEALTH ALREADY TRANSFERRED # TO: - LAND AUTHORITY in BUBBLED PRICE TENDERS - TAX AUTHORITY in HIGH TAXES on BUBBLED VALUATION # ONE-HOUSE OWNERS PAYING HIGHER TAXES ON BUBBLED VALUATION# #TRAPPED FOREVER AND CANNOT CHANGE LIKE OBAMA# - PUBLIC HIGH OFFICIALS in HIGH SALARIES & INCENTIVES - DEVELOPERS in BUBBLED PROPERTY PRICES - AGENTS in HIGH COMMISSIONS on BUBBLED PRICES - LAND LORDS in BUBBLED RENTS - HOTELS in BUBBLED ROOM RATES - ? ? ? ?
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Hulumas
Supreme |
31-Mar-2010 11:01
Yells: "INVEST but not TRADE please!" |
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Nonsense and no way! Big correction not until another 8 more years to go for Asian region property!
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pharoah88
Supreme |
31-Mar-2010 10:58
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CAPITALAND ? KEPPEL LAND ? CAPITALMALL ? SUNTEC ? CAPITAL MALL ASIA? ? ? ? ?
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sarsar
Senior |
31-Mar-2010 10:56
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will this affect the property shares price... | ||
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yummygd
Supreme |
31-Mar-2010 10:55
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thanks man!!I thought so too and that just confirm it. | ||
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ozone2002
Supreme |
31-Mar-2010 10:51
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transfer of wealth is coming.. | ||
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tankuku
Master |
31-Mar-2010 10:38
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Acording to property expert in Hong Kong, s'pore property had reach the maximum with bubble forming and over pricing. With the econonic fundamental remain the same as weak, property price should move down instead of going up, with HDB price up by 40% and private property price up by 35% over a period of 3 years. All up prices are due to speculation. With the s'pore govenment intervention, it shows that bubble had already form and gov will take further action to cool the propety market. Expert claim that the market should stabilise for short term but may adjust down in the long run. Example some had brouht the recently launch 99 yrs Koven Resident (1200 sf) at over S$1 million. So adjustment of 5% down will cost a lost of $50 000, plus bank loan interest and stamp duty, easily lost $200 000. So please do a proper calculation before investment in the hot property market. Good luck. |
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