| Latest Forum Topics / Others |
 Post Reply
|
|
Singapore Property Stks Likely Down On New Tax
|
|||
|
tanglinboy
Elite |
11-Dec-2011 13:47
Yells: "hello!" |
||
|
x 0
x 0 Alert Admin |
I support the government to kick out all the speculators! | ||
| Useful To Me Not Useful To Me | |||
|
teeth53
Supreme |
11-Dec-2011 09:46
Yells: "don't learn through life, learn to grow with life " |
||
|
x 0
x 0 Alert Admin |
http://sg.finance.yahoo.com/news/Corporate-warnings-bode-ill-rb-3935555801.html?x=0 Sat 10 Dec, 2011 Corporate warnings bode ill for earnings NEW YORK (Reuters) - On top of euro zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely. Warnings from companies such has suggested the crisis may already be taking its toll on corporate America. " We are now beginning to see the collateral damage of the events in Europe with the earnings guidance cuts," wrote Peter Boockvar, equity strategist at Miller Tabak & Co. in New York. Growth estimates by Standard & Poor's 4th - and 1st-Q earnings on 500 companies have come down sharply since July, underscoring worries about the outlook for companies. Earnings are now expected to increase 10.1% for the 4th Q, down from a growth estimate of 15% at the start of Oct and from an estimate of 17.6% in July, according to Thomson Reuters data. It data showed that -VE preannouncements by companies are outpacing +VE ones by the biggest ratio since the 2nd Q of 2001. For mths, mkt has struggled with the news from Euro, featuring the lack of resolution to the debt crisis, causing high uncertainty for investors. " Euro policymakers' inability to placate investor fears has business decision-makers hesitant to give positive light in the coming months." Wall St rebounds after EU deal, but more stress seen Maybank Says Will Not Buy MF Global Asia S'pore braces for sharply lower economic growth Stocks tend to be most volatile around earnings season, when a good or bad report can make or break it. Good or even great earnings report doesn't necessarily translate into a huge pop for a stock. Local 3 big banks and much of listed STI properties counters will continue to see a more volatile and -ve response after it slew of measures to cool the property market failed to dampen earlier moves on properties market price rises. " Govt will continue to monitor the property mkt and adjust property policies inline with changes to mkt economy." Agents, developers rush to do damage control Property prices expected to decline by 30% |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
FearValueGreed
Master |
11-Dec-2011 00:00
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
||
|
x 0
x 0 Alert Admin |
We must thank the garmen for bringing down the curtain in advance so that pple like us can earn a bit. How can the foreigners keep enjoying the cream while the bulk of shit is contributed by heartlanders? It should be 15% stamp duty. Really smart move. Throw out all the dagger out , then slowly will retrieve one by one when the property is on the keens. Can see garmen motive. Otherwise where to get bullets later. |
||
| Useful To Me Not Useful To Me | |||
|
teeth53
Supreme |
09-Dec-2011 23:00
Yells: "don't learn through life, learn to grow with life " |
||
|
x 0
x 0 Alert Admin |
And this placement of share only (IPO) on offer...KEONG HONG HOLDINGS http://www.sgx.com/wps/wcm/connect/65eb290049585d6c886d9a2034a56d2f/%2802a%29+Keong+Hong+Offer+Document.pdf?MOD=AJPERES OFFER DOCUMENT DATED 8 DECEMBER 2011. Placement of 27,000,000 New Shares at S$0.24 for each New Share, payable in full on application. |
||
| Useful To Me Not Useful To Me | |||
|
GuavaXF30
Master |
09-Dec-2011 08:34
|
||
|
x 0
x 0 Alert Admin |
General consensus is now for a 30% correction. Watch out for those counters which have won tenders for land recently. They need to sell at an average of around 1,000 PSF for mass-market condos. Worst for those at high end sector. Nevermind 30% correction. Just 15% will likely mean lose money. This is probably the reason why many have been disposing their assets to REITS recently. They saw this coming and is passing the buck to suckers.....
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
nickyng
Supreme |
08-Dec-2011 19:52
|
||
|
x 0
x 0 Alert Admin |
I think the following portion highlighted is quite true..wondering if Govt. is in it usually arrogant stand of not " consulting" mkt players and making blunt unilateral high-handed decision again? Juz like the Bukit Brown Cemetry incident?...etc...hmm..all these after the May 2011 " WaterShed" General Election result?? hmm..... ...... " Propnex said the new measures could have been targeted to preserve affordable pricing in the mass market segment - homes costing less than S$2 million where prices have surpassed S$1,000 psf. It argues that having a blanket policy will impact the high-end market which has been the investment interest of the foreign buyers "
|
||
| Useful To Me Not Useful To Me | |||
|
teeth53
Supreme |
08-Dec-2011 18:54
Yells: "don't learn through life, learn to grow with life " |
||
|
x 0
x 0 Alert Admin |
teeth53 thot - Analysts start revaluing their mindset again...RELATED STORIES
» Govt imposes additional stamp duty for private property Thursday - UBS Investment Research sees further weakness in the physical prices of property given the severity of the govt's new measures unveiled on Wednesday. Goldman Sachs - " We believe each of the key residential demand drivers, foreign buying, job creation and credit availability, will likely see signs of softness." Morgan calls underweight on S'pore property, sees 20% correction throughout most of 2012. Standchart, already forecasted that SG property will correct up to 30%. Daiwa Securities Capital, issued a -ve call on the SG residential property segment, forecasting that home prices are likely to fall by 22 to 26% from end-2011 to end-2014. P & N Holdings, a holding Co of PropNex Realty, said that the harsh cooling measures are expected to lead to a slowdown in SG private property. teeth53 thot - Measures came abit late liao..never the rest it is much better then not to cool the bubble from been blown to too big and till the moment it burst. That will be too late when world economy is slowing. It'll far better then to be caught by surprises on economy down turn, if turn out worst then expected. |
||
| Useful To Me Not Useful To Me | |||
|
nickyng
Supreme |
08-Dec-2011 14:35
|
||
|
x 0
x 1 Alert Admin |
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1170127/1/.html ================================================ Property cooling measures may cause price correction: agency SINGAPORE: At least one real estate agency thinks the immediate reaction to the latest cooling measures will be a slowdown in the private property market. CEO of PropNex Realty Mr Mohamed Ismail said he expects a price correction of approximately 15 to 20 per cent in the central core region and a correction of 10 to 15 per cent in the mass market segment in the next six months. Propnex also expects transaction volume to dive by as much as 40 per cent in the core central region and by as much as 20 per cent in the mass market segment. Under the latest changes, foreign buyers of private properties in Singapore will now have to fork out 10 per cent more in stamp duty while permanent residents and Singaporeans are also affected with an increased stamp duty on their second and third properties respectively. Propnex said the new measures could have been targeted to preserve affordable pricing in the mass market segment - homes costing less than S$2 million where prices have surpassed S$1,000 psf. It argues that having a blanket policy will impact the high-end market which has been the investment interest of the foreign buyers. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
teeth53
Supreme |
08-Dec-2011 12:42
Yells: "don't learn through life, learn to grow with life " |
||
|
x 0
x 0 Alert Admin |
Steady and surely, colling market so as not to burst it....Starting with speculating property risk takers. but not with others Industries...Bank and property stock will take those hit 1st. | ||
| Useful To Me Not Useful To Me | |||
|
teeth53
Supreme |
08-Dec-2011 12:24
Yells: "don't learn through life, learn to grow with life " |
||
|
x 0
x 0 Alert Admin |
Rich oversea clients where got problem, at most rich rent to rich, just add another 10% more oni. There is very limited rich space left here for super rich and extreme rich. |
||
| Useful To Me Not Useful To Me | |||
|
niuyear
Supreme |
08-Dec-2011 11:34
|
||
|
x 0
x 0 Alert Admin |
The rich are rich who can afford the 20% stamp duty if further calls on it. For those who cant, just support the Stock market. LOL It seems government is asking the general public to support DOW to 14000. STI to 4000 ? Dont you see the calling? |
||
| Useful To Me Not Useful To Me | |||
|
nickyng
Supreme |
08-Dec-2011 09:30
|
||
|
x 0
x 0 Alert Admin |
on the hindshight...seems that Govt know there will be a huge liquidity of $$ flowing in SG property soon siah...hmm..now that shld b supporting the properties counter like WingTai and all with high-end units to sell as those buyer couldn't give a hoot abt 3% or 10% stamp duty as they are FILTHY RICH! :P -----------------------------
DJ MARKET TALK: Singapore Property Stks Likely Down On New Tax
Dow Jones Newswires | 08 Dec 2011 8:14am
0014 GMT [Dow Jones] Singapore property stocks are likely to take a hit on the government's announcement late Wednesday of an additional stamp duty on residential unit purchases. Foreigners and companies now have to pay an extra 10% stamp duty on residential property purchases permanent residents buying their second property or citizens buying their third or subsequent residential units will be required to pay an extra 3% stamp duty. The new rates apply from today. The government's move, aimed at cooling the property market and preventing any sharp falls later, comes at a time when the economy faces headwinds from Europe and the U.S., and demand for houses is likely to be damped. (gaurav.raghuvanshi@dowjones.com) |
||
| Useful To Me Not Useful To Me | |||