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Property market
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taybc1071
Senior |
12-Nov-2006 16:39
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Hi Nostradamus, will chip eng seng continue its upward trend? Last closing price is 0.33. Can we go in at this price level? Understand that this counter has good potential with numerous projects on-hand. Any views? |
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lkw1974
Member |
08-Nov-2006 00:07
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yo, any views on hongfok?? will it also ride on the property boom?? IR? |
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Nostradamus
Supreme |
08-Nov-2006 00:03
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Property stocks such as CityDev rose after sector peer CapitaLand said it expects residential property prices to rise by at least 10% next year. Patricia Chia, the CEO of CapitaLand's property development unit in Singapore, said that overall home prices could rise by about 10-15% next year, the Business Times reported on Tuesday. The URA said in October that prices of private residential properties rose 2.7% in the third quarter of this year, compared with the 1.8% increase in the previous quarter. Shares of CapitaLand, Southeast Asia's biggest property group, rose as high as $5.85. CityDev, Southeast Asia's second-largest property developer, soared as high as $11.70 -- its highest level in more than seven years. Retail and property group Wing Tai Holdings also rose to a seven-year high, rising to $2.13. Property stocks have soared to a 9-year high, fuelled by the government's move last July to ease rules on property financing, acquisitions by foreign investors and the city-state's planned multi-billion casinos. A dealer with a local brokerage said the rally in property stocks has been mostly confined to the blue chips and added that he sees further upside to the valuations of the "second-liner property stocks", referring to construction-cum-property developers such as Chip Eng Seng. |
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billywows
Elite |
10-Oct-2006 18:52
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Thanks, Nostradamus! Property up = Bank up too = Economy up too = STI up too .... Shiok time! Looking forward to the mid-90's boom soon!!! And beware of the crash too .... |
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Nostradamus
Supreme |
10-Oct-2006 18:44
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Shares of property companies were mostly higher after UOBKH painted a rosy picture of the prospects for the sector, dealers said. REITs were also higher. UOB Kay Hian has an "overweight" rating for the property sector. It said investment in property had surged to $19b in the first eight months of this year, the figure for all of last year having been $13.5b, and that this was a barometer of investors' mid- to long-term confidence in the real estate market here. "We believe the property sector will be one of the best plays on Singapore domestic reflation," UOBKH said in a note. "This is not just a play on the growing affluence of Singaporeans, but also a play on rising foreign investments, a theme that will be structurally robust for the property sector," it said. UOB Kay Hian expects the hotel and office segments to outperform the others in the property sector, given the tight supply in both these segments, although it sees further rises in rents and capital values in all segments. |
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derekchong
Veteran |
09-Oct-2006 07:56
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Young ppl should take all these advice seriously.No more iron rice bowl and job security.You work double hard and company doing very well, does not means no retrenchment.Save for the raining day.Cash is the king.Don't spent too much on property.Lets the so call oversea talents buy the condo and you wait for the economy downturn.When the time come, they will be going home and lelong their condo.Then you can have cherry picking.It's economy cycle that cannot be avoided. |
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billywows
Elite |
08-Oct-2006 21:56
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Yes, Sporeguy is rite! Many young pple are jumping into condo for their first home these days without 2nd thought now. Most have not experienced the tough time of the 90's Asian financial crisis and the 2003's SARS scare. Gone were the days of getting a new HDB unit and subsequently upgrading to a condo like their old folks had done. The economy may be swinging up this year, but once its down in the next cycle and they are out of job, the bank will come to force sales their condo. Buy with care ya ... For those really with spare cash - LOCATION is the key to your 1st condo! |
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Sporeguy
Elite |
08-Oct-2006 18:48
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The property price of resale condo is till 1/3 from its peak. All the huha about private property moving are trying to throw smoke for young buyers. Many young buyers jump into to buy 99 yrs lease private condo are already losing 20% of the developers' selling price even before they can move in. 2-bedroom condo were sold by developers at 500+K, now resale market is only 400+K. Likewise, 3-bedroom condo were sold by developers at 600+K is going for 500+K in the resale market. The completion date of the project is about year's time. All young buyers, beware of this pitfall. Buying 99 yrs lease private condo is like buying a car in Spore. Its valuation will continue to drop as years go by. |
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compass
Member |
08-Oct-2006 14:07
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Do u notice that everytime there is a change of top guns, things always become more monsterous than the previous regime? I remember our surrounding regions were booming left and right yet out property mkt was in moribund state. I remember they interviewed a redas guy who felt that the property must moved if not the govt must itself what is wrong. Since that statement we went loose. Also many years ago, some say there will be casino in Sentosa when the next PM comes in. We were laughing at that bloke as we all know that if a casino is here someone will rise from the grave. Of course some redas developer sense the next Monster Lap bravely bid for many parcels in Sentosa. Hence Ho Bee's the one hey hey hey. Is this not inside information or whatever? Also those access to the blue print of remaking Spore must have moved in to stay in prime area eg Orchard Road, enbloc units. Now see all these people benefited hey hey hey. Is this consider some sort of inside information stuff? Ever since HDB was corporatised, you bet the carrying cost for HDB is eating into their bottom line. There are so many jealous people working in the board any thing that smells not 'cheng-hu' eg cash back, valuation trick, get nap. Imagine property agent went to jail instead of seller and buyer. Because the HDb mkt did not moved they mooted it gonna be a 2 tier mkt! So many of us are in negative wealth asset so do not get trap again when property market moves again. The last peak was in 1996, 9 years later the property starts moving. with all these enbloc sale wait for another 2 years to see another glut again. We can only suck foreign blood now. enjoy the scene. |
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billywows
Elite |
08-Oct-2006 13:19
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Property & bank stocks are chionging STI now ... During the mid-90's property boom, many homeowners had the kia-see attitude and snapped up homes at ridiculious prices. I recalled a Tampines executive flat sold at 700 or 800k!! I bet the owner is still paying through his nose now. Don't get caught again this time round ya. My opinion is we still have so many unsold units of HDB and condos in stock and banks' interest is high now. The bubble will burst - again. The best time for property was during the SARS period when prices were low and interest rate was 1%. Those who bought then will sell at a profit now. Property is like stock ... buy low and sell high! So timing of when to buy and when to sell are crucial. And LOCATION! Location, location and location is damn important ...Sengkang is a mass market, so its resale price will not appreciate much. Everyone want to sell after 5 years creating a huge supply problem. Some owners even lose money after deducting the 100k renovations done. The recent launch of the condo at Jurong Point is located just outside Jurong industrial estate. But pple are snapping it up despite knowing there are so many unsold units of HDB units in Jurong West. Just like Sengkang, Jurong West does not have good resale price. The other new HDB launch at Tampines is so expensive with a 5-room unit at $308k - $450k. And without swiming pool! You can buy a resale EC at $450k with swimming pool. A resale Tampines 5-room is now going for less than $400k!!!! Check below HDB resale price: http://www.hdb.gov.sg/bb33/ispm051p.nsf/Search Previously, we can make 100% profit when we sell our first HDB home in the resale market. But buying a new HDB unit in Queenstown and Toa Payoh are expensive now and will generate a peanut profit or even loss if the owner did a 100k renovation. Do remember the mid-90's lessons. Its a cycle we are going through now. Even if you are loaded, be smart to spot a good buy at the right time (just like stock). Or you will end up losing money (just like stock). |
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Nostradamus
Supreme |
06-Oct-2006 19:22
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Property developers remains upbeat about the prospects of the residential property sector here, representatives from the Real Estate Developers Association of Singapore (REDAS) said in a media briefing. "Many of our members feel that next year will still be good," REDAS president Kwee Liong Keng said. He noted that foreign demand for high-end residential property will strengthen with the government's efforts to encourage foreign talent to take up citizenship in Singapore. Far East Organisation deputy chief operating chief Yong Chee Hiong said that mid-range homes suit the foreign working professionals taking up citizenship in Singapore, most of which are first-time buyers. "We might benefit a bit from (this).. That could be a new source of demand," Yong said. Property developers are also of the view that the gap between the growth in prices of mass residential property and that of the high-end homes will close up gradually. "We believe that the low to mid-end market will catch up and i think the catch up will come gradually," City Developments Ltd general manager Chia Ngiang Hong said. "I believe more are being planned for the lower-end market," he added. Chia said he expects an average of 2.5% growth in prices in the mass market every quarter next year, or a 10% improvement from 2006. But the growth in mass residential prices will continue to lag behind that in the high-end market prices, which is being shored up by overwhelming demand from foreigners, he said. |
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Nostradamus
Supreme |
02-Oct-2006 18:14
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The valuations of property stocks are looking stretched following recent gains due to demand for residential and office property, JP Morgan said in a note. "The Singapore property sector rose for the second consecutive month [last month] on the back of continued positive sentiment. Stocks, however, are trading at a 15-20% premium to their revised net asset values," JP Morgan said. The brokerage said a substantial increase in office rents and residential prices had already been priced-in to property stocks. JP Morgan has an "overweight" rating for CapitaLand, Ascott Group, Ascendas REIT, and K-REIT Asia. |
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Nostradamus
Supreme |
02-Oct-2006 12:21
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Shares of property developers were higher amid hopes of a broader recovery in the housing market following indications that growth in the high-end segment appear to be trickling down to the mass market, analysts said. The Straits Times newspaper reported brisk sales are now being seen in the mid-tier and entry-level condominiums, despite the slight increase in prices. It cited a 24-hour preview sale of a condominium in Jurong that saw all 107 units released and snapped up. Property consultants said this was a positive sign that buying sentiment in the broader property market was improving. Dealer said investors remain bullish over the property sector, with more property launches expected. City Developments, CapitaLand, Keppel Land, Wing Tai, Wheelock and Allgreen are all up. |
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billywows
Elite |
31-Aug-2006 20:20
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Far East price hike is rather surprising cos the number of unsold units is still pretty high due to oversupply. Coupled with the current high banks' interest rate, Far East will only 'kill' demand further - except for prime properties. Many buyers have learnt and are still nursing the mid-90's property crash. My opinion is property counters will not substain today's run up for long. Run down will be felt more especially after the Sentosa IR result is out (in November?). I won't be surprised if more developers cash in on this 'Far East news' to increase price within the next few days. However, SC Gobal is different as it develops only niche properties in prime distrcts - that's why its stock has risen much even before Far East's news today. |
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Nostradamus
Supreme |
31-Aug-2006 13:12
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Shares of property developers were higher amid increasing hopes of a broader recovery in the residential property market, with robust growth at the high-end segment expected to trickle down to the mass housing segment, analysts said. They said such bullish sentiment was reflected in Far East Organization's reported move to raise the prices of residences it builds island-wide by 3-20%. The Straits Times said the price increase surprised property consultants, as demand in the market has mostly been confined to high-end residential developments. But property consultants added that if Far East succeeds in selling its residences despite the higher prices, other developers may also follow suit, sparking a broader recovery. "Maybe it is time that the positive effect on this prime market segment is moving towards the mass market segment," Roger Tan from SIAS Research said. "Potential home buyers have been waiting to see if the mass market is going to improve or stay constant. Now those who were on the sidelines may consider to take up property in the mass market," Tan said. "The demand for mass property is there and may kick off a string of rise cycle." Sharing his view, BNP Paribas analyst Kenji Koh said: "This is in line with market expectations as the mass market has gone up by quite a bit." But Koh noted that the prime market is more able to accept the high prices than the mass segment, given that most of the demand for luxury houses is coming from affluent foreigners looking for a second home. Other analysts were surprised by Far East's move. "It surprises me somewhat because the market is still looking for indications that the mass market will move along with the high-end market," an analyst with a local brokerage said. "The mass market still has stock that is unsold. The supply is still there, waiting to be absorbed, " he added. |
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