Private Home Purchases Fell 40% - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




Private Home Purchases Fell 40%

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 14-06-2008, 11:41 AM
Salary.sg
Guest
 
Posts: n/a
Default Private Home Purchases Fell 40%

The number of private home transactions fell 40% from Q4 2007 to Q1 2008.

Yes, 40%.

But despite this, the papers chose to use less scary headlines like "HDB upgraders driving force for property market" and "HDB upgraders hold key to property market turnaround".

DTZ property consultancy found that the number of HDB upgraders fell by 25.8%, which is nothing compared to the 44.4% decline in the number of private homes bought by people already with private home addresses.

To me, whether it's 25.8% or 44.4%, it's still a BIG decline.

In my opinion, the disparity is probably due more to speculators and foreigner investors being spooked by the downturn, than HDB owners becoming more attracted to upgrade.

Reference: yesterday's my paper and this link (asiaone).

http://www.salary.sg/2008/private-ho...hases-fell-40/

Reply With Quote
  #2 (permalink)  
Old 14-06-2008, 09:50 PM
David Seah---
Guest
 
Posts: n/a
Default 1932

Thanks for the link Admin.

Reply With Quote
  #3 (permalink)  
Old 16-06-2008, 03:20 PM
Sky---
Guest
 
Posts: n/a
Default 1940

hoping for HDB price to fall as well. now it's still priced quite high.

Reply With Quote
  #4 (permalink)  
Old 17-06-2008, 10:59 AM
Hiphopsoldier---
Guest
 
Posts: n/a
Default 1956

When I saw the BT Headline "HDB upgraders driving force for property market turnaround yada yada.....", knew straight away that it was an attempt to stir up market sentiment. Agents and firms need to pay off their mortgages and cars loans,whether market up or down..Can expect more interesting/misleading headlines to emerge..Interesting point is that HDB upgraders are the selected victims/fallguys..they so gong meh? Other demograhic groups, yuppies, divorcees, expatriates,peeps with big noses etc beware, you could be next month`s "driving force"..
Reply With Quote
  #5 (permalink)  
Old 17-06-2008, 05:21 PM
BigPinchOfSalt---
Guest
 
Posts: n/a
Default 1965

Check out today's Straits Times last page where the article's headline screams out loud that the property market is recovering.

And then check out today's TODAY, where the same statistics are given a more realistic report.

It's always in the property consultant firms' interest to push the market. Take their "markets will continue to go up", "market downturn will not last", with a big pinch of salt.
Reply With Quote
  #6 (permalink)  
Old 18-06-2008, 10:20 PM
Absurd!!---
Guest
 
Posts: n/a
Default 1982

I strongly agree with all the points mentioned above, never should anyone read and believe the media with regards to the recent report on property price. It's totally absurd and non-reflective of the current market sentiment. If you talk to true friend in the property industry, they will tell you how bad the situation is , most of them had already eating grass and drinking plain water. Stay out of trouble and keep your cash, be prudent in your spending. Be happy with life.
Reply With Quote

  #7 (permalink)  
Old 24-06-2008, 09:46 PM
Careerwork---
Guest
 
Posts: n/a
Default 2025

The subprime crisis is not over and recession is coming. Now inflation is up up up. Must tighten the belt. Those with spare cash will appreciate what is saving for rainy seasons.
Reply With Quote
  #8 (permalink)  
Old 11-08-2008, 02:36 AM
Wayne--
Guest
 
Posts: n/a
Default 2393

This is my personal view and finding of the SG private property market posted at: http://www.waynekoh.com/2008/06/singapore-private-residential-property.html

I'm hoping to accumulate enough cash to pick an affordable and investment-worthy unit in 2010-2011 when I think the market will be at the bottom.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Stock Market Index Fell 50% from Peak Salary.sg Investments and Net Worth 2 18-11-2008 03:04 PM
Our executives' take home pay ranks 9th Salary.sg Income and Jobs 0 17-07-2007 01:55 PM
Private home prices up to pre-crisis levels Salary.sg Investments and Net Worth 0 03-07-2007 02:22 PM
Second home loan Salary.sg Investments and Net Worth 0 27-05-2007 03:18 PM

» 30 Recent Threads
DBS Management Associate Program... ( 1 2 3... Last Page)
1,734 Replies, 267,416 Views
Lawyer Salary ( 1 2 3... Last Page)
7,499 Replies, 2,591,224 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
156 Replies, 74,603 Views
need some info on CNB
0 Replies, 46 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,290 Replies, 1,902,575 Views
Working in HDB ( 1 2 3... Last Page)
335 Replies, 262,862 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,183 Replies, 965,727 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,905 Replies, 1,081,962 Views
Career as Teacher ( 1 2 3... Last Page)
2,653 Replies, 1,602,407 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,379 Replies, 563,604 Views
Android, iPhone and iPad Apps For...
1 Replies, 2,280 Views
Compare civil service salary ( 1 2 3... Last Page)
10,084 Replies, 5,572,774 Views
High Finance Thread ( 1 2 3... Last Page)
88 Replies, 15,157 Views
Whats your net worth ( 1 2 3... Last Page)
2,727 Replies, 796,250 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,289 Replies, 905,482 Views
What's the graduate officer... ( 1 2 3... Last Page)
51 Replies, 12,458 Views
Interviews related ( 1 2)
10 Replies, 1,013 Views
Summer Internships 2020 ( 1 2 3... Last Page)
70 Replies, 7,914 Views
As a web designer, how much should... ( 1 2)
19 Replies, 9,665 Views
Please Share DBS Average Months... ( 1 2)
11 Replies, 2,613 Views
anyone working at NCS ? ( 1 2 3... Last Page)
386 Replies, 286,140 Views
ST Electronics ( 1 2 3... Last Page)
661 Replies, 209,701 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,785 Replies, 516,327 Views
Roles in accenture singapore ( 1 2 3... Last Page)
375 Replies, 249,949 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
97 Replies, 18,832 Views
MFA- Foreign Service... ( 1 2)
13 Replies, 778 Views
Feeling helpless, need advice...
7 Replies, 485 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:51 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2