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Singapore Private Home Prices May Fall 10% - BNP
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Hulumas
Supreme |
09-Sep-2010 10:52
Yells: "INVEST but not TRADE please!" |
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I beg to differ . . . They generate more income instead, WELDONE!
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nickyng
Supreme |
09-Sep-2010 10:28
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well...they are launching to many land via Garment Land Sales this and next yr.....likely price will b suppressed...coupled with...those latest measure are quite drastic leh...i mean from 5% to 10% cash...and loan amt from 80% to 70% for 2nd loan...etc...and owner of pte properties(include oversea by SG PR) cant buy HDB resale...etc..those combinations i think may actually kill it | ||
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Isolator
Supreme |
09-Sep-2010 10:01
Yells: "STI is hard landing to below 2000..." |
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The government already late in doing so, but late is better then too late. They are doing it right as bubble is no kidding... The STI may see under 1000point if the bubble grow too big and burst... lol... Back to reality... |
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niuyear
Supreme |
09-Sep-2010 09:58
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Everyone has been anticipating the private property to drop since it was at its peak few months ago. So, a drop in 10%, looks like an opportunity for those 'would-be buyers' to go in and buy, may be next year. These 2 months,, ppl just look-see and sales of those new launches may be affected. My opinion - Property index will escalate after the cooling measures cooled down.
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Hulumas
Supreme |
09-Sep-2010 09:57
Yells: "INVEST but not TRADE please!" |
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Okay, I set two years later in 2012 as my property investment buying year then !
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nickyng
Supreme |
09-Sep-2010 09:36
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i thk our garment really shoot itself into its leg this time...haha...since they are pumping up land supplies so fast and furious to calm runaway home prices to match demands...y bother to implement those "drastic" 31-Aug property measures?..hee...really goons... :P
DJ MARKET TALK: Singapore Private Home Prices May Fall 10% - BNP
Dow Jones Newswires | 09 Sep 2010 8:21am
0022 GMT [Dow Jones] Singapore private residential prices, especially for mass-market homes, may fall 10% next year following recent government measures to further cool property market, says BNP Paribas. Notes latest measures poorly timed given increasing housing supply over next few years, expected slowdown in demand due to smaller population growth. Adds upgrading by public housing dwellers to private homes has stagnated over past year, with demand from this group expected to stay low in coming years given more choices as government increases supply of new HDB flats. "With the new measures, we believe speculative/investment purchases will reduce significantly." Expects sales of new private homes in coming years to fall to 8,000-9,000 annually from 14,851 in 2009, 10,117 so far this year. Prefers Singapore REITs such as Ascendas REIT (A17U.SG), CapitaMall Trust (C38U.SG) over developers. (frankie.ho@dowjones.com) |
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