I get high just watching property values collapse

[downgrader]

Economy DOWN
Manufacturing sector DOWN
Services sector DOWN
Tourism DOWN (despite F1 crap)
Casino project scaled DOWN

Jobs RETRENCHED
Fallen Talent SENT HOME
Wages CUT
Bonuses SLASHED

Debts MOUNTING
Banks TIGHTENING
Valuations FALLING
URA tenders NO BIDS

Property rents SLIDING
Property prices CRUMBLING
Sellers DESPAIR
Buyers - who in his right fucking mind would buy now when prices will fall 50%

 

[makapaaa]

Economy DOWN
Buyers - who in his right fucking mind would buy now when prices will fall 50%

66%: I like to be FCUKED! Cannot ah? *hee*hee*

 

[downgrader]

Lots of developers giving renovation voucher worth tens of thousands, some abosorb stamp duty, hahahahahah

All trying to keep psf value in caveat high.

Actual cost is sliding......

 

[Leegimeremover]

Burn baby burn!

 

[Tiu-leh-see-fart]

But PAP pigeon holes price still going up, how come?

People say PAP refuses to face the truth or losing votes---pigeon holes price falls, PAP loses power, so simple?

Economy DOWN
Manufacturing sector DOWN
Services sector DOWN
Tourism DOWN (despite F1 crap)
Casino project scaled DOWN

Jobs RETRENCHED
Fallen Talent SENT HOME
Wages CUT
Bonuses SLASHED

Debts MOUNTING
Banks TIGHTENING
Valuations FALLING
URA tenders NO BIDS

Property rents SLIDING
Property prices CRUMBLING
Sellers DESPAIR
Buyers - who in his right fucking mind would buy now when prices will fall 50%

 

[Leegimeremover]

They never worry. They will change the election laws and gerrymander. Prostitute Lee's only defence. In a real open election, you see him get 20%. I kid you not.

 

[Man in the Street]

There are still "people" that will get BIG bonus this year & they will pick up the pty now since it 's cheaper and those will BIG bonuses in the past years waiting for the right time to buy they will go into the mkt now

 

[downgrader]

There are still "people" that will get BIG bonus this year & they will pick up the pty now since it 's cheaper and those will BIG bonuses in the past years waiting for the right time to buy they will go into the mkt now

people who make big bonuses are not stupid

why buy at $1,000 psf when you can buy at $600psf

check out the sisv database and see how few transactions there are

even if there are buyers, bank valuation will be very conservative and limit the loan they can take and therefore the prices have to come down

unless cash rich buyers from en bloc who have not squandered their money on minibond

 

[numero uno]

There are still "people" that will get BIG bonus this year & they will pick up the pty now since it 's cheaper and those will BIG bonuses in the past years waiting for the right time to buy they will go into the mkt now

typical crap talk by property people , trying to talk up market as usual like the Simon guy who ask MBT for help and told to fly kite. always optimistic like the bankers that's why they are in deep deep trouble and the market would get worse for the next 5 years!!!! at least. the Japanese had a property slump for 18 Years!!!!!. and never recover since then and would not recover ever (according to japanese property agents). these craps local property people and the shitty times are always churning "feel good" stories like the leh man bros fiasco. Now see what the people who listen to the bankers end up with!!! alot of heartache and "too bad you sign on the dotted line, you die you problem now" stories.
these very people with "big' bonuses this year or last year are already in deep sh%T as far as my sources have told me they have overcommitted in stocks, luxury cars, second or third mortagges and their relatively tiny bonuses are used to offset the huge losses in the stocks and property mortgages as alot of people bought into the "golden era' story. Now banks, insurance, fund markets, stock markets worldwide, terrorist attacks, c ar industry, etc all are suffering so stop inventing all this crap hype up stories to psycho people to buy. . Insider sources have told me the banks would soon ask these people to "top-up" as the valuation has plunged deeply in last few months. akin to subprime crises/ negative valuation. eg look at the reverse mortgage fiasco. in fact some people said the property market would crash to 80% valuation like in japan. In US and UK it has crashed 40% already in 6 months!!!! and still dropping.........
check out URA website. the number of Property transaction have already crashed by 80%!!!!!!

 

[downgrader]

Burn baby burn!

you mean like this

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/3d54Ok6Uz_A&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/3d54Ok6Uz_A&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

 

[Leegimeremover]

you mean like this

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/3d54Ok6Uz_A&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/3d54Ok6Uz_A&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

Okay..much better than the boring stuffs.

 

[downgrader]

went to visit a friend at seaview and was mistaken for buyer by open house agent

told me best $1,008 psf. i looked at her and said, lady, at the rate you are going, you better look for another job

last done was $750 and people offering $730 and she flashes her boobs and dare to quote $1,008

for the $300psf difference can go cheong many times with much higher standard

shameless

think by middl;e of next year when all of amber road is TOP, sea view can lelong at $600 and nobody wants

 

[lifeafter41]

went to visit a friend at seaview and was mistaken for buyer by open house agent

told me best $1,008 psf. i looked at her and said, lady, at the rate you are going, you better look for another job

last done was $750 and people offering $730 and she flashes her boobs and dare to quote $1,008

for the $300psf difference can go cheong many times with much higher standard

shameless

think by middl;e of next year when all of amber road is TOP, sea view can lelong at $600 and nobody wants

The agent must be thinking quote at 1k and let you discount 20% to reach 800psf.

If based on last down, cannot discount further. And if no discount, buyer not happy, don't buy.

Anyway what is the sisv indicated for seaview. thanks.

 

[singveld]

like eddie murphy used to say

HALF.



i predict property drop by half

 

[singveld]

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/SniOXFhwIZ8&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/SniOXFhwIZ8&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

 

[myo539]

Alamak, just like that only?

I thought it's the best time to pick up a few landed properties. I am thinking whether Sentosa Cove is now within my budget - now that's real high?

 

[ahbengsong]

There are still "people" that will get BIG bonus this year & they will pick up the pty now since it 's cheaper and those will BIG bonuses in the past years waiting for the right time to buy they will go into the mkt now

Your post dont make sense...

How many people actually get BIG bonuses this times... and can these people bring up the property market prices ???

You think these people are dumb ??.. why buy high when can buy low at a later stage...

 

[ahbengsong]

went to visit a friend at seaview and was mistaken for buyer by open house agent
told me best $1,008 psf. i looked at her and said, lady, at the rate you are going, you better look for another job
last done was $750 and people offering $730 and she flashes her boobs and dare to quote $1,008
for the $300psf difference can go cheong many times with much higher standard
shameless
think by middl;e of next year when all of amber road is TOP, sea view can lelong at $600 and nobody wants

the east residents are rich people so prices will not go down much as they can hold.. only speculators will get hit (and dumbos are mostly sinkees..)

my guess for 2009/2010 is sgd900 psf for the east...