‘Downward spiral’ of property prices if curbs not re-examined, warns REDAS

dancingshoes · Sep 19, 2015

Several ministers, including Mr Khaw and Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, have signalled that the Government does not intend to relax the measures soon, saying prices have some way to go before achieving a meaningful correction.
MAS’ managing director Ravi Menon had also said it would be premature to remove the measures as the price correction has been modest, in the context of a 60 per cent increase in property prices that, over three years, reached its peak in 2013.

http://www.channelnewsasia.com/news/business/downward-spiral-of/2132456.html

laksaboy · Sep 19, 2015

Besides the not-so-subtle pro-establishment propaganda, another trait of the presstitute press is to always publish the opinions of 'industry experts' (in this case, the real estate lowlife cronies) on why they should be allowed to earn more money. It's like free advertisement. :wink:

yahoo55 · Sep 19, 2015

Fear mongering by the super rich greedy developers especially Far East, they are stuck with huge unsold inventory but refused to slash prices to clear stock. They still want to charge ridiculous overprices and profit from the highly indebted Singaporean population, by lobbying the govt to remove cooling measures.

These greedy super rich developers are evil, hope they burn in hell for eternity.

virus · Sep 19, 2015

challenge to gahment to make housing affordable? but 70% voted against it.

bhoven · Sep 19, 2015

laksaboy said:
Besides the not-so-subtle pro-establishment propaganda, another trait of the presstitute press is to always publish the opinions of 'industry experts' (in this case, the real estate lowlife cronies) on why they should be allowed to earn more money. It's like free advertisement.

Don't forget that the real estate industry as a whole is one of the top three advertisers in print media apart from the telcos.
So giving voice to their self enrichment false pleas is to be expected.

po2wq · Sep 19, 2015

dancingshoes said:
‘Downward spiral’ of property prices if curbs not re-examined, warns REDAS ...

ya, man! ...

gahmen muz stop all their curbs nonsense ... no sinkies wan their own pigeon palaces price 2 drop ...

krafty · Sep 19, 2015

i see eye to eye that it's the doing of the developers. they want the gahment to lift the curb so that they can reap better profits. luckily, we got good ministars that they know we are not down there yet for the property prices.

Wunderfool · Sep 19, 2015

dancingshoes said:
Several ministers, including Mr Khaw and Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, have signalled that the Government does not intend to relax the measures soon, saying prices have some way to go before achieving a meaningful correction.
MAS’ managing director Ravi Menon had also said it would be premature to remove the measures as the price correction has been modest, in the context of a 60 per cent increase in property prices that, over three years, reached its peak in 2013.

http://www.channelnewsasia.com/news/business/downward-spiral-of/2132456.html

Well, if you see from the political angle, the government will not want to have a backlash from the 70% supporters if they go ahead to remove the cooling measures right after the election.

It is no brainer... no need for Ministers to figure that out.

Cerebral · Sep 19, 2015

bhoven said:
Don't forget that the real estate industry as a whole is one of the top three advertisers in print media apart from the telcos.
So giving voice to their self enrichment false pleas is to be expected.

Even include telco, they also highest. I think Far East is the highest for mediacorpse

frenchbriefs · Sep 19, 2015

maybe when the economy go bust,the housing market collapse,foreign trash go home,HDB can use their surplus HDB to housing racing pigeons from china

[video=youtube;tssxPLon8P8]https://www.youtube.com/watch?v=tssxPLon8P8[/video]

ahsoo · Sep 19, 2015

yahoo55 said:
Fear mongering by the super rich greedy developers especially Far East, they are stuck with huge unsold inventory but refused to slash prices to clear stock. They still want to charge ridiculous overprices and profit from the highly indebted Singaporean population, by lobbying the govt to remove cooling measures.

These greedy super rich developers are evil, hope they burn in hell for eternity.

It is a fact that Ng Eng Hen is related to Far East deceased boss Ng Teng Fong. He called him uncle.

dancingshoes · Sep 20, 2015

i conclude that now is still not the time to buy.

blissquek · Sep 20, 2015

yahoo55 said:
Fear mongering by the super rich greedy developers especially Far East, they are stuck with huge unsold inventory but refused to slash prices to clear stock. They still want to charge ridiculous overprices and profit from the highly indebted Singaporean population, by lobbying the govt to remove cooling measures.

These greedy super rich developers are evil, hope they burn in hell for eternity.

Quote: Fear mongering by the super rich greedy developers

Developers are among the list of rich billionaires here.

And to my knowledge, there is no developer that has gone bust since 1980.
The last developer i know of having trouble is Hong Fok in the late 1970's with their project in Beach Road.

lifeafter41 · Sep 20, 2015

dancingshoes said:
i conclude that now is still not the time to buy.

Bro, when would be a good time?
Will it be your 2nd property or upgrading from existing?
Be mindful of tdsr though.

CABcommander · Sep 20, 2015

How come this redas never come and warn about the upwards spiral during the 2009-2013 period?

numero uno · Sep 20, 2015

CABcommander said:
How come this redas never come and warn about the upwards spiral during the 2009-2013 period?

fark REDAS. the FEDS and world bank have already gave prior warnings that interest rates are going up this year Dec latest and as early as Oct and SIBOR would jump up and costs of borrowing would double in no time. given the bad economies of China, USA and europe, a huge crash is coming and these REDAS bastards are trying to milk the cow before some of them eat shits. they deserve it. the garmen is not so stupid as if you remove the cooling measures and bankruptcies follows, they get the blame and expect people to ask them to allow for earlier CPF withdrawal and all sort of financial assistance. Tharman is correct. fark these arseholes. already sinkie economy is in a recession. the banks are retrenching and the bankers know it. when alot of banks are retrenching staff, its time to get out of the property and stock markets. This is a trend worlwide.....

po2wq · Sep 20, 2015

blissquek said:
... Developers are among the list of rich billionaires here ...

n dat biggest sinkielan developer craim dey lose mon i evry yr ...

‘Downward spiral’ of property prices if curbs not re-examined, warns REDAS

dancingshoes

Alfrescian

laksaboy

Alfrescian (Inf)

yahoo55

Alfrescian

virus

Alfrescian

bhoven

Alfrescian

po2wq

Alfrescian (Inf)

krafty

Alfrescian (Inf)

Wunderfool

Alfrescian (Inf)

Cerebral

Alfrescian (InfP) [Comp]

frenchbriefs

Alfrescian (Inf)

ahsoo

Alfrescian

dancingshoes

Alfrescian

blissquek

Alfrescian

lifeafter41

Alfrescian (Inf)

CABcommander

Alfrescian

numero uno

Alfrescian

po2wq

Alfrescian (Inf)

Similar threads