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Last yr, housing agents are not welcome by developers. But this yr, developers are emailing & smsing HA to help to sell their properties and giving 1% fees. More bad yrs to come for private properties !
No wonder price for property counters has been falling...
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THE S'pore property mkt has peaked and prices can be expected to moderate in the next two years, the Government said yesterday. Prices had surged in the past two years because of a supply-demand imbalance, said Mr Ravi Menon, the Second Permanent Secretary of the Ministry of Trade and Industry. 'The market has been tight across various segments as supply was slow to respond when demand surged in the past couple of years,' he said yesterday. However, he felt that the market had already reached its peak. 'There is supply coming online in the next few years that will offset some of the demand, and expectations are for moderation over the next one or two years. 'This will provide some relief in terms of cost pressures, which is important when it comes to controlling inflation.' This article was published in The Straits Times on May 24, 2008. (Sat) teeth53: (To avoid another property bubble?, word is put in place, the word is moderation) |
teeth53 ( Date: 21-May-2008 16:36) Posted:
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Just FYI: Property counters mostly closed Red today morning, except Kepland
Capland -0.030ct to $6.27ct Vol: 2,280,000
CapMall -0.030ct to $3.24ct Vol: 2,241,000
CapRChina -0.010ct to $1.45ct Vol: 47,000
CityDev -0.10ct to $10.96ct Vol: 1,244,000
Kepland +0.030ct to $5.47ct Vol: 988,000
UOL -0.040ct to $3.81ct Vol; 1,206,000
When "developers and landowners hoping for a windfall by way of an increase in the legally permissible plot ratios for the redevelopment of their land (and hence, an immediate jump in land valuation) would have to wait at least another five years, for the next Master Plan review in 2013" and it never comes, why the optimism and placed a overweight rating.....a bit puzzle leh...
Property Sector
DBS Group Research, May 23
MASTER Plan 2008 unveiled: In our earlier preview piece on the Draft Master Plan 2008, which was unveiled last Friday, we mentioned that the analysis of newsflow over the past year or so pointed towards a Master Plan that would see changes in land use and increases in plot ratios only in selected new growth areas, rather than a widespread upgrade in densities.
As we had expected, the Draft Master Plan 2008 was largely grounded in a few growth areas - Jurong Lake, Paya Lebar, Kallang Riverside and Marina Bay - and there was an absence of increase in plot ratios for existing developments.
This basically means that developers and landowners hoping for a windfall by way of an increase in the legally permissible plot ratios for the redevelopment of their land (and hence, an immediate jump in land valuation) would have to wait at least another five years, for the next Master Plan review in 2013.
The Big Picture: We view Master Plan 2008 as more of a strategic blueprint laying down the growth sectors and strategic areas in the medium-term economic development of Singapore over the next 10 to 15 years.
Among the developers, we like City Dev (TP S$12.90), CapitaLand (TP S$7.20) and F&N (TP, S$5.80). In the S-Reit space, we like CapitaMall Trust (TP S$3.93), Frasers Centrepoint Trust (TP S$1.66) and CDL Hospitality Trusts (TP S$2.90). Healthcare (Raffles Medical, TP S$1.74; Parkway Life Reit, TP S$1.50), transport (ComfortDelgro, TP S$2.22; SMRT Corp, TP S$2.00) and construction (Hong Leong Asia, TP S$4.30; Pan-United, TP S$1.16) would also benefit.
Sector - OVERWEIGHT
The pro and the con...News from CDL
City Developments, Southeast Asia's second-largest property developer, extended losses for a second day after Credit Suisse downgraded its investment rating to "underperform".
"Being a proxy to the Singapore property market we believe it (City Developments) is vulnerable to further negative news flow within the sector," said Credit Suisse analyst Tricia Song, who set a target price of $10.20 for the firm.
"The U.S. weakness is still not completely factored in, so except for rental prices, it will still take some time for the property markets here to take off again," a dealer said.
News from CDL forum....hope it help to further understand how property px work here.
CDL seems to have awakened from its slumber and inertia. Since the CNY, I have been collecting more CDL as the mgmt seems hungrier and more adventurous. Its M&C Grand Beijing has juz opened in preparation for the Beijing Olympics. This will be followed by M&C Chengdu, Qingdao, Xiamen and Wuxi. In addition, I am awaiting news abt the progress of its Moscow project. Maybe we can hear some news on this Thursday's AGM.
Denial behaviour has been pushing the market up in a drastic V shape recovery...esp with the help of BB.....so they can reduce their holding....be careful....
How to ask property agent to sell more.....!!!
NEW YORK (CNNMoney.com) -- It's getting harder and harder to deny that the economy is in recession.
Warren Buffett, the world's most famous investor, proclaimed this weekend that "we are already in a recession."
Former Federal Reserve chairman Alan Greenspan told the Financial Times on Monday that there is a greater than 50% chance of a recession.
Talkback: Is the economic downturn almost over or just beginning? (This is a very good ? asked)
With all due respect to Sub-prime woes, credit cruching.......B prepare for the ride.
Stagflation is hitting US...
Courtesy from...http://www.channelnewsasia.com/stories/afp_world_business/view/350370/1/.html
This one...ripple after effecting housing purshasing power.
Battered by the worst housing slump in decades, tight credit and high oil prices, the world's biggest economy has stalled to a scant 0.6 percent growth pace in the past two quarters.
Read some where in Sunday Times, still mentioned property sales...not good leh.
You are one of the lucky ones! Well done!
jm2212 ( Date: 22-May-2008 17:58) Posted:
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Hey thanks!
I didn't know about this.
DnApeh ( Date: 22-May-2008 20:22) Posted:
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Thank you for the answers.
DnApeh ( Date: 23-May-2008 10:47) Posted:
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Classified ads, at the end of properties section, just before travels.
cathylmg ( Date: 22-May-2008 20:24) Posted:
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Auction => check with banks or Finance company, i suppose.
Property => Wanted to upgrade last yr but held back as my family fell in love with our home. Fortunately, did not upgrade, if not will be licking our wounds. Also we remembered what Warren Buffet said "Be fearful when people are greedy".
Personally, i think if oil prices stay high, economy will be affected. Companies will feel it later on and retrenchment will happen. People will also have less to spend. Imagine car petrol costs double now. Food prices go up etc. All these will affect the economy, i'm sure. Speculators will cut loss etc. I think right now, people are holding on because of the F1, IR, population increase etc. In any case, I'll consider buying or upgrading if prices fall by 20 to 30%. Better to be safe than sorry.
I'm new to this. May I know where to get infos of bank auctions?
DnApeh ( Date: 22-May-2008 20:22) Posted:
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