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Property Boom by 2010
- Thread starter Merl Haggard
- Start date
Are you sure it will drop to 45c? Recently Simon Cheong in an interview with Biz Time & ST he said this year he sold 50% of his Marq & Hilltops.
Anyway if he is caught, no problem cos he can turn to his family at Hong Fok for aid.
Today bot somemore at 92.
Location location location, that's why!
wa u loaded buying so many shares.. any other good picks to rec?
That is IF they manage to sell..... Now... which idiots will buy at $4000 psf in current circumstances ? Good luck.
I think you're right Downgrader. That asshole Simon Cheong's SC Global today closed at 0.845c!
Today I cut loss already and I hope that bastard's company go bankrupt!
If that cb kia Simon Cheong didn't tell Bloomberg TV that property price in S'pore will go up and peak in 2010, I wouldn't have gotten involved.
Simon is trying to sell his stocks of condo which he has bought at record level. Ya , price of condo or high end property will peak at 2010 ??????? Is he indrirectly asking you to buy pte property now ? Look at his stock , from $3 to less then $1. Think he is going bite the dust if the property don peak by 2010 !
if everyone is buying the property now, don need to wait till 2010 for the property market to peak.
if everyone is buying the property now, don need to wait till 2010 for the property market to peak.
SC price really dropped alot, compared to his peak at $3+.
I wonder how come still got developer willing to bid record level prices from SLA, ie Hoi Hup DBSS at Toa Payoh recently.....
Breakeven price for Hoi Hup is $430 to $500 psf, mind you break even only....
If the markets contiunes like this, i wonder who will be willing to pay $700psf for a HDB?
Well from the overwhelming success of the recent Ang Moh Kio DBSS sale launch, this end of the market still looks very healthy.
Could be buyers taking advantage of the govt home grant.
don't bother listen to that simon cheong, trying to use the media and speculate the properties price to go up?
everyone knows it's going down and down.by 2010, it will hit rock bottom instead.
simon must be trying very hard to speculate the properties prices up to reduce the losses he's going to incurr.
F you, S.O.B simon.
everyone knows it's going down and down.by 2010, it will hit rock bottom instead.
simon must be trying very hard to speculate the properties prices up to reduce the losses he's going to incurr.
F you, S.O.B simon.
Simon Cheong can be found at the cricket club moaning away..... If Sibor remains low, he can still finance, but he is in dangerous position because his gearing load is very high. He is seeking financing now, won't be surprised if he joins the Islamic bandwagon but Arabs also very cautious now. Kuwait Finance let its option lapse on prime property in Goodwood and purchased fewer units at better price
at least u know when to run. i still holding on to my shares which are falling everyday. hopefully the market can improve soon
Thank you for your kind advice.
I regret turning onto Bloomberg financial news.
From what you describe of Simon Cheong, he must be very desperate to go on Bloomberg TV program to promote the high-end residential property market in S'pore.
Very good information. No wonder everyday I drive past the The Marq, 11/2 years after construction had commenced, they are still trying to complete the basement and ground floor.
Pls share more of your inside information.
Thank you.
In life it's most important to know how to cut loss.
The market will still be around, and hence we can always come back to fight another day.
He is in property so he must say good thing lah
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