Braddel Brothel: Rising property prices boost Singapore households' wealth. Big deal!

[Confuseous]

By Aaron Low
Singapore's households are at their wealthiest, boosted by rising property prices, a report released by the Monetary Authority of Singapore (MAS) stated on Friday.

Household wealth stood at a record high of $1.471 trillion in the three months to September, up 8.6 per cent from $1.354 trillion in the same period in 2010, said the central bank.

Property made up about 50.2 per cent of the household assets,(highest in the world?) while cash, Central Provident Fund balances, stocks and shares, as well as insurance, formed the other half of households' assets.

Companies and banks were also in the pink of health, with good profits, a strong base of funding and healthy balance sheets.

But the MAS also warned of several key risks that lie in the horizon that could destablise the financial system, including a protracted global slowdown, a credit crunch and a frothy property market. translation: banks will collapse. banks must not fail!)

 

[Devil Within]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

"Property made up about 50.2 per cent of the household assets" What's the point of this kind of assets when it will disappear after 99years or when Government want to re-acquire it whichever is earlier.

Property should be a depreciating asset as the buildings get old and need repair and such. Ever increasing property price will always end up as a bubble. Just look at US prime and sub-prime market or Japan in the 80s.

 

[Faidenk]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

By Aaron Low
Singapore's households are at their wealthiest, boosted by rising property prices, a report released by the Monetary Authority of Singapore (MAS) stated on Friday.

Household wealth stood at a record high of $1.471 trillion in the three months to September, up 8.6 per cent from $1.354 trillion in the same period in 2010, said the central bank.

Property made up about 50.2 per cent of the household assets,(highest in the world?) while cash, Central Provident Fund balances, stocks and shares, as well as insurance, formed the other half of households' assets.

Companies and banks were also in the pink of health, with good profits, a strong base of funding and healthy balance sheets.

But the MAS also warned of several key risks that lie in the horizon that could destablise the financial system, including a protracted global slowdown, a credit crunch and a frothy property market. translation: banks will collapse. banks must not fail!)

Granted with the high property prices, Sinkies appear to be asset wealthy. What is unsaid is the plight of the young who are joining the work force who finds public housing beyond their reach precisely because of this price hike. Just when are they going to stop shooting themselves in the foot?

 

[flkyflky]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

Extra STUPID idea of PAP!

Live in a million dollar house but can not afford bread nor medical needs, what a fuck for? The expensive property is only for you to jump!

 

[Devil Within]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

Extra STUPID idea of PAP!

Live in a million dollar house but can not afford bread nor medical needs, what a fuck for? The expensive property is only for you to jump!

The idea of property as an asset wealth was heavily promoted by the then PM fucking useless bigot Goh Chok Tong.

 

[zhihau]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

Household wealth stood at a record high of $1.471 trillion in the three months to September, up 8.6 per cent from $1.354 trillion in the same period in 2010, said the central bank.

when the folks are hungry, they can eat the bricks out of their pigeon hole or even gnaw at the pipings or toilet bowls? what a twit.

 

[tonychat]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

By Aaron Low
Singapore's households are at their wealthiest, boosted by rising property prices, a report released by the Monetary Authority of Singapore (MAS) stated on Friday.

Household wealth stood at a record high of $1.471 trillion in the three months to September, up 8.6 per cent from $1.354 trillion in the same period in 2010, said the central bank.

Property made up about 50.2 per cent of the household assets,(highest in the world?) while cash, Central Provident Fund balances, stocks and shares, as well as insurance, formed the other half of households' assets.

Companies and banks were also in the pink of health, with good profits, a strong base of funding and healthy balance sheets.

But the MAS also warned of several key risks that lie in the horizon that could destablise the financial system, including a protracted global slowdown, a credit crunch and a frothy property market. translation: banks will collapse. banks must not fail!)

what a joke? is the cash in your pocket? He think HDB flat is gold. Gold is a currency that can solve inflation problem. You are not wealthy when the money is not in your pocket yet. hehe...

This kind of brainwash is only meant for simpleton sinkies.

A simpleton joke: Wealth = rising property prices.. look carefully at how your SinkieTimes write..what an insult to intelligence!!!

 

[Leongsam]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

This kind of brainwash is only meant for simpleton sinkies.

On the contrary. It's simpletons that don't understand the benefit of rising property prices and a strong currency.

The world has shrunk considerably with the advent of modern technology. Planes get you half way round the world in a matter of hours and data, money, voice and video are transmitted in seconds between countries with no respect for borders. The net result is that people can live pretty much anywhere they want without having to make major sacrifices.

If you treat the world as a single abode where you have the ability to live where you choose, then rising property values in Singapore are no different from rising shares in an investment portfolio.

It doesn't matter that the property sits on a short term lease. As long as you treat your property as a tradeable asset, you have the freedom to cash out when the time is right.

I bought my property in Singapore in 1989 for $380,000. Thanks to the PAP, it's value rose to more than $2 million in 1995 to I sold it and emigrated to Perth where I promptly purchased a home for $200,000 all paid for in cold hard cash. At the same time, I had the security of more than a million smackos sitting the bank earning 7.5% interest p.a. ALL THANKS TO UNCLE LEE AND WOODY GOH.

That property doubled in value over the years so I sold it and moved to Sydney and did the same thing.

When Sydney boomed, I sold and moved to NZ.

Life is about seizing opportunities while not being too greedy at the same time. Nobody knows when a property cycle is at its peak until the starts going South. If you've doubled your money in the space of half a decade, you've done very well. Take the profit and move on.

The flood of foreigners into Singapore has done wonders for property values. However, if you sit on your hands and do nothing, the opportunities that this boom presents will pass you by.

 

[avelc]

Re: Braddel Brothel: Rising property prices boost Singapore households' wealth. Big d

Plenty of Singaporeans who bought properties in the 80s, 90s have reaped handsomely from the asset boom. For those who bought this year, we cannot expect property prices to easily double. We live in a globalized world, and the world is our oyster...