Cash Strapped Owners Sell High end condos below market price.

[lifeafter41]

Read in today's sunday new paper article. It's going to get worse. Understand by from this Nov 08 to mid 2009, there is a lot of project that is going T.O.P. And the banks are not going to base on valuation done 2 years back to give out loans, probably the buyers will have to fork out more cash as against the reduction in loans that the banks are willing to consider and with the stock market in the doldrums, it's going to get ugly.

 

[eeoror88]

Well ... gamble big can win big but also can lose big lor!!

 

[lifeafter41]

Well ... gamble big can win big but also can lose big lor!!

I think this time round, pants also drop.

 

[eeoror88]

I think this time round, pants also drop.

No lah .... I think their panties also soiled !!

 

[DIVISION1]

That is a reality that everyone in the world is facing in this financial crisis, where credit just became very tight.

 

[The_Latest_H]

The virus is just starting to spread. Singapore didn't try to install the latest anti-virus software to protect its property, and the hard disk, and because of the non action, its gonna spread throughout the CPU and in other software DVDs as well.

Make sure you have a bunker, and also your internal firewall and anti-virus defenses are up to date.

 

[DerekLeung]

I think this time round, pants also drop.

Underwear also got to take out and wear inside out and back to front .

 

[lifeafter41]

Will SC Global drop further as it deals most in the high end condos?.

 

[middaydog]

Underwear also got to take out and wear inside out and back to front .

yeah, you get 4 days out of one pair :p:o

 

[eeoror88]

yeah, you get 4 days out of one pair :p:o

Yucks ... like that the smegma front to back !!

 

[makapaaa]

That is a reality that everyone in the world is facing in this financial crisis, where credit just became very tight.

So dun blame PAPee, right? But mind you, your owners are the BEST PAID in the world and tout beyond-the-cosmos helicopter vision. But it has been shown time and again that the they possess neither vision nor leadership. Instead they score hight as insatiably greedy traitors.

 

[downgrader]

Will SC Global drop further as it deals most in the high end condos?.

SC Global has the second highest gearing among the developers with more than $1 billion due after one year

When it comes to reset, it will be ugly

Avoid...

 

[myjohnson]

I clearly remembered in the aftermath of 1985's mini recession and for a long stretch after the Asian financial crisis, "For Sale" banners outside residential properties in private estates all over Singapore. It seems like a matter of time before these "Flags of Financial Surrender" will appear again. Our Golden Period!

 

[BlueCat]

well,most of them took a loan to buy it and though of selling it at a higher price to make a profit.
but come along this terrible financial crisis that affected all over the world,so no choice has to cut loses.

 

[imperialarms]

SC Global has the second highest gearing among the developers with more than $1 billion due after one year

When it comes to reset, it will be ugly

Avoid...

I am cash rich this recession is the best thing that has ever happened to me

 

[lifeafter41]

Read in today's sunday new paper article. It's going to get worse. Understand by from this Nov 08 to mid 2009, there is a lot of project that is going T.O.P. And the banks are not going to base on valuation done 2 years back to give out loans, probably the buyers will have to fork out more cash as against the reduction in loans that the banks are willing to consider and with the stock market in the doldrums, it's going to get ugly.

It has mention that the Sail development at Marina, market price was at S$2000psf, even offered at S$1450psf, there was no takers. Saw alot of units on sale on the papers these day, most units at S$2000psf.

Really got such good price and got such good money?.

Any forummers got idea what was the initial launch price of the Sail at Marina?.

 

[shOUTloud]

I am cash rich this recession is the best thing that has ever happened to me

huat ah! how must cash on hand you have? can pick up ur property in late 2009 or early 2010.

huat ah!

 

[angry_one]

Music to my ears!! Buying my first apartment soon.

 

[suteerak1099]

Read in today's sunday new paper article. It's going to get worse. Understand by from this Nov 08 to mid 2009, there is a lot of project that is going T.O.P. And the banks are not going to base on valuation done 2 years back to give out loans, probably the buyers will have to fork out more cash as against the reduction in loans that the banks are willing to consider and with the stock market in the doldrums, it's going to get ugly.

the building & development industry already dropped speed in Q2 2008 due to the toll of escalated material costs & fuel prices. we can expect that many building, contracting & sub-contracting companies to tighten their belts when payment during or after TOP will not be complete after 60days or more. while most supplying companies would be coughing blood to the banks, due to the unexpected extended credit terms.

so if, the developments are not going to be snatched up fast enough, we'd soon be seeing news of retarded developments for the next 3-5yrs. 2009 is just a nightmare, 2010 & 2011 onwards could jolly well become a crystalization of the nightmares.

 

[lifeafter41]

Music to my ears!! Buying my first apartment soon.

So which area/location are your aiming for?.