• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% next!

Rogue Trader

Alfrescian (Inf)
Asset
S'pore property prices to decline 12.5% in 2012

Jan 9, 2012 - PropertyGuru.com.sg

5119ed16753601_1_V235.jpg


The prices of Singapore’s
residential property
will decline by 12.5 percent this year and a further 8 percent during 2013 according to a new report from Bank of America Merrill Lynch.

“We maintain our view of a 2012 inflection point for residential pricing driven by excess supply, demand moderation and slowing economic growth,” noted the report which was published today.

“We forecast prices to fall 12.5 percent in 2012 and 8 percent in 2013 and would avoid exposure to residential developers. Despite recent price declines, we think it is too early to turn positive and would wait for evidence of a physical market correction before re-visiting the sector.”

Commenting on the latest attempts to cool the market which were introduced in early December, the authors of the report said: “While the first rounds of cooling measures did not succeed in bringing prices down, they did slow the pace of price acceleration. We believe the introduction of the additional buyers stamp duty will tip the scale and put a dent on investment demand, particularly from foreigners who account for 20 percent of volumes. We expect the measures to accelerate pricing declines.”

Bank of America Merrill Lynch had previously forecast a 7.5 percent decline of residential property prices during 2012 and 10 percent in 2013. The company is now predicting a combined 20 percent drop during the next two years.

The company is also predicting substantial oversupply in the
private market
during the next four years.
“We believe the high-end will be impacted more severely from a reduction in foreign participation while mass-market will be hit by affordability concerns and HDB policies. Historic high supply will easily absorb any pent-up demand. During 2012-2015, we expect 60,000 new private homes to be delivered, equating to 15,000 new units per annum (70 percent above the 15-year historic average). Together with HDB supply, we estimate an addition of 150,000 units (+13 percent) to housing stock. Even after we account for estimated pent-up demand of 14,000 units, we see oversupply of up to 25,500 units in the private market by 2015, hence putting pressure on prices.”


 

singveld

Alfrescian (Inf)
Asset
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

i hope more. much more and sink all those speculator, but you know PAP can always manipulate the market, to lessen the pain.
 

GeylangCheongster

Alfrescian
Loyal
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

Anyone who works for Merill Lynch has no self respect
 

Einfield

Alfrescian
Loyal
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

They can shut the fuc* up, can't even predict Lehman brother which is at their back yard, bunch of stupid morons in suits.

Anyone who works for Merill Lynch has no self respect
 

ahkow

Alfrescian
Loyal
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

Is there still Merrill Lynch? It should BOA. ML cannot even predict in advance that they are going bankrupt in 2008!
 

QXD

Alfrescian (InfP)
Generous Asset
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

I have never trusted analysts since I lost huge sums back in the dot com bubble and would rather rely on fundamental analysis of the markets. What ML is basically doing is to frighten off retail investors enough for stock prices to be undervalued to existing fundamentals then they swoop in for the buy and then start talking up the market.
 

soikee

Alfrescian
Loyal
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

S'pore property prices to decline 12.5% in 2012

Jan 9, 2012 - PropertyGuru.com.sg

5119ed16753601_1_V235.jpg


The prices of Singapore’s
residential property
will decline by 12.5 percent this year and a further 8 percent during 2013 according to a new report from Bank of America Merrill Lynch.

“We maintain our view of a 2012 inflection point for residential pricing driven by excess supply, demand moderation and slowing economic growth,” noted the report which was published today.

“We forecast prices to fall 12.5 percent in 2012 and 8 percent in 2013 and would avoid exposure to residential developers. Despite recent price declines, we think it is too early to turn positive and would wait for evidence of a physical market correction before re-visiting the sector.”

Commenting on the latest attempts to cool the market which were introduced in early December, the authors of the report said: “While the first rounds of cooling measures did not succeed in bringing prices down, they did slow the pace of price acceleration. We believe the introduction of the additional buyers stamp duty will tip the scale and put a dent on investment demand, particularly from foreigners who account for 20 percent of volumes. We expect the measures to accelerate pricing declines.”

Bank of America Merrill Lynch had previously forecast a 7.5 percent decline of residential property prices during 2012 and 10 percent in 2013. The company is now predicting a combined 20 percent drop during the next two years.

The company is also predicting substantial oversupply in the
private market
during the next four years.
“We believe the high-end will be impacted more severely from a reduction in foreign participation while mass-market will be hit by affordability concerns and HDB policies. Historic high supply will easily absorb any pent-up demand. During 2012-2015, we expect 60,000 new private homes to be delivered, equating to 15,000 new units per annum (70 percent above the 15-year historic average). Together with HDB supply, we estimate an addition of 150,000 units (+13 percent) to housing stock. Even after we account for estimated pent-up demand of 14,000 units, we see oversupply of up to 25,500 units in the private market by 2015, hence putting pressure on prices.”





Ask Whore Jinx how many billions of Sinkies' CPF savings did she lose on Merrill Lynch?

If not for Bank of America's rescue, ML would have gone bankrupt!
 

Received_by_Kings

Alfrescian
Loyal
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

When those private developers start leaping off the high floors of flats or even some of their garbage condo projects to their deaths between this and next year then I KNOW Merrill Lynch is right.
 

Cestbon

Alfrescian (Inf)
Asset
Re: Merrill Lynch analysts: Sinkie property prices will shrink 12.5% this year, 8% ne

After FT and PR new levy kick in. Almost most private property like condo/apartment hitting fly.
 
Top