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BullishTempo
Supreme |
15-Jan-2011 09:15
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Property market gets the chills Singapore government’s measures to curb property speculation sent shares of city-state’s biggest developers down the most in 11 months today. The Straits Times Real Estate Index fell 0.3% at the close, with three stocks falling for every two that gained. CapitaLand, Southeast Asia’s biggest developer, fell 3.4% to $3.71, whileCity Developments, the second largest, declined 4.6% to $12.16, both retreating by the most since Feb 22. The new cooling measures include extending the holding period of sellers stamp duty (SSD) from the current three years to four. The SSD has also been raised to 16%, 12%, 8% and 4% for properties that are bought after Jan 14 and sold within the first to fourth years respectively. This is payable regardless of whether the property is eventually sold at a gain or a loss. Also, unlike capital gains tax where sellers are taxed on their gains, the SSD is taxed on the full consideration of the property sold. This measure is therefore a significant deterrent for short-term speculators, research house Macquarie surmises. Meanwhile, the loan-to-value (LTV) limit on housing loans for property purchasers who are not individuals will also be lowered to 50% while the LTV for individuals with one or more housing loans at the time of purchase will be lowered to 60%. The measures also take effect from Jan 14. Unit sales to fall Consequently, property stocks are expected to react negatively, particularly those with a higher exposure to the mass-market segment such as CityDev, with 29% of its gross asset value (GAV) exposed to the mass-market, as well as Wing Tai Holdings and Fraser and Neave, which have 15% and 5% of GAV in the low-end segment respectively. This year, Lee is expecting a 12% y-o-y rise in Grade A properties to $2,750 psf, while Grade A rents should rise 20% from last year to $12 psf. Meanwhile, prime capital values should rise 3% to $2,150 psf, while prime rents will edge up slight to $9 psf, he believes. |
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rabbitfoot
Veteran |
15-Jan-2011 09:14
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Come Monday will be the Start of Our New Rally !!! | ||||
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tiancai007
Master |
15-Jan-2011 09:01
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Hi Ipunter sifu, I have a simple question to ask. For shorting, u basically do the opposite to longing, that is u sell first before buying to cover short. But in order to sell, someone must buy from u. The thing is who is stupid enough to buy at a higher price when they can get a lower px during a down trend. U are an expert in shorting. Care to enlighten me on this. Thanks. | ||||
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iPunter
Supreme |
15-Jan-2011 08:27
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All work and no play makes trading a dull game...
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Gaecia
Elite |
14-Jan-2011 23:35
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Nvmd. So guarded, not playing with u liao. Good nite.
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eastcivic
Elite |
14-Jan-2011 23:32
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lol my first sentence was just a tease.... no worries..... but i'm serious about my 2nd sentence..... i am nowhere near the expert level..... a novice/newbie actually
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iPunter
Supreme |
14-Jan-2011 23:28
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You have such a profound sense of humour ...
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Gaecia
Elite |
14-Jan-2011 23:26
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whey that's not what i meant okay.
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eastcivic
Elite |
14-Jan-2011 23:22
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lol expert in making wrong decisions and trades is it? goodness..... i can hardly be worthy of being called an expert.......
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krisluke
Supreme |
14-Jan-2011 23:20
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overall is abt it present trend uP vs DOWn. average down is a suicide way tp protect your capital. It's illiquid as we don't know when is the bottom. Hence, average up would be wiser if we understood it current trend and SHOW HanD almost at the peak. Can't bEAR with it when major trend head south and funnies tales start to evolve.
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Gaecia
Elite |
14-Jan-2011 23:18
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sshh..i also think so. Otherwise why do u think i made re-entry again? Can't say i'm not scared thou...but haha at least i got ec expert with me.
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eastcivic
Elite |
14-Jan-2011 23:15
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" If it goes to 5.10/11 on Mon, i will rethink again because that might mean something's wrong. But that must be because i'm overly nervous (aka ganjiong) to see a nearly 40c correction. Is that the norm, ec? krisluke?" you mean this question? lol if it really hits 5.10/5.11, i would run road because that really migh mean somethings's wrong :D but i'm going to put my head on the chopping board and make a bold prediction/bet that we won't see 5.10/5.11 on Mon :D
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Gaecia
Elite |
14-Jan-2011 23:15
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That means...in medicine. wrong?
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iPunter
Supreme |
14-Jan-2011 23:13
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Nothing academic... no law, no sociology, no literature... But I love 'dissecting' human nature... especially human assumptions...
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iPunter
Supreme |
14-Jan-2011 23:09
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The Dow is very "guai" at this moment"... still holding steady... |
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Gaecia
Elite |
14-Jan-2011 23:07
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ooo i see...u mean like capitaland aficionardos?
By the way brainy ipunter expert, did you used to read law or sociology, something like dat?
Is this qn preceived as being presumptuous again?
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krisluke
Supreme |
14-Jan-2011 23:04
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no la. i calculate percentage to weight ratio. for long term ok
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Gaecia
Elite |
14-Jan-2011 22:59
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Of course it is messy. So much so that i cannot figure the ledger details & nos. in my a/c! Lol ec, u haven't answered my last qn.
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chris168
Senior |
14-Jan-2011 22:56
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Pls don't anyhow buy .....
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hpong5
Master |
14-Jan-2011 22:55
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he's william shakeshere...heheh |
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