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Property sector headed for a downtrend?
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glennlim
Member |
26-Dec-2007 21:01
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i agree that the property market will still continue to remain strong for many reasons, including the IR development, government intervention whenever necessary and also strong foreign investor confidence. However, I think we must also consider the fact that with the year 2007 having so many en bloc sales, these new condos/property will all be ready by late 2008, or 2009. This would account for a sudden increase in supply in the higher end side of the porperty sector if left unchecked. From what i see, it can go both ways (either a glut or otherwise), but i think the Singapore government will try to implement regulation, or reduce opening of land parcels for development to curb the problem |
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l_tan888
Senior |
19-Aug-2007 13:18
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The property boom cycle should have about 3 more years to go, until the IRs are running. Don't forget the government is attracting more foreign talents and is aiming for a 6.5m population eventually. Furthermore, the Chinese stock markets will also be strong at least until after the Olympics 2008. So, Singapore and the rest in the region will ride along with it. |
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zhuge_liang
Supreme |
08-Aug-2007 21:44
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I don't think so. Think just a correction. Demand will spread to other segments and HDB flats besides the luxury segment. Residential prices have not reached the 1996 peak levels. I expect prices to continue rising to meet or exceed 1996 levels. |
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tatrader
Senior |
08-Aug-2007 00:06
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Based on sector analysis, I have realised the Singapore Property stocks are all heading towards a downtrend. If we look at Ciy Developments, Capitaland and Keppel land our nations 3 biggest property companies, I realise that the stock is nicely trending downwards with the 20 day MA cutting below the 50 day MA. Is the this end of property stocks considering that valuations of property is getting quite ridiculous these days and even en-block pricing is getting quite high. |
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