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30-12-2011 11:02 PM
Unregistered Above post is the typical response in other forums to MM Lee's speech by those who cannot accept the "hard truths" from MM Lee that HDB flats are "are assets that will appreciate in value year after year".

These people either start suggesting that the Workers Party should come into power so that the price of HDB flats will crash, or they get hysterical and start cursing the PAP.

It's always the same typical response by the same type of people.
30-12-2011 07:55 PM
Unregistered Yes totally stupid. Bring your HDB to your grave, or pass it to your kids to bring to their graves.

All HDB sellers are daft!

Long live your majesty.
30-12-2011 12:05 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I still dont see the HDB prices coming off. in fact my area hitting new highs everytime i go to the resale HDB price website.

There is really a lot of genuine demand due to underbuilding of past 5 years. Like it or not, for the next 2-3 years, with low interest rate (FED and ECB already flatten the interest to very low levels). how to drop?

Beyond that hard to tell as a lot of HDBs and private apartments will be ready by then.

Those waiting to see a 50% drop, i think you got to wait a bit longer.. boom and bust i agree, but the cycle could be longer than you tink.
MM Lee has said many times but some stupid people just cannot understand. Note the word "stupid" in his speech.

14 Nov 2010

HDB flat owners should not sell their flats, as they are assets that will appreciate in value year after year, said Minister Mentor Lee Kuan Yew last night.

Addressing some 500 residents at a constituency event in Tanjong Pagar GRC, he said: 'I urge you not to listen to the estate agents and sell it and go and rent a flat because that's a stupid thing to do.
29-12-2011 05:06 PM
Unregistered I still dont see the HDB prices coming off. in fact my area hitting new highs everytime i go to the resale HDB price website.

There is really a lot of genuine demand due to underbuilding of past 5 years. Like it or not, for the next 2-3 years, with low interest rate (FED and ECB already flatten the interest to very low levels). how to drop?

Beyond that hard to tell as a lot of HDBs and private apartments will be ready by then.

Those waiting to see a 50% drop, i think you got to wait a bit longer.. boom and bust i agree, but the cycle could be longer than you tink.
13-11-2011 05:48 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
There's no margin call on properties in Singapore. This is a ponzi scheme, sort of, where everyone supports each other.
Who's at the top of the ponzi scheme?
12-11-2011 11:34 PM
Unregistered There's no margin call on properties in Singapore. This is a ponzi scheme, sort of, where everyone supports each other.
12-11-2011 08:04 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Quote:
Originally Posted by scholar View Post
i disagree.

fundamental analysis is based on income ratios - if people cannot afford to pay for a flat with their income, then flat prices are constrained. and as hedgie has said, the fundamental ratios are alot higher today than they were in the past. hence, as one of the earlier posters have mentioned, fundamental analysis is a probability play and the probability of a 1996 situation is much much higher than a 1990 situation.
you are assuming income ratio is relevant. you are only partly correct.

it's now very apparent that singapore is moving toward a pro-business elites-only global city. income of citizens is now IRRELEVANT. as long as the rich can afford it, prices will continue to go up. citizens are irrelevant. if they can't pay, they can always move to johor.
Yes that's right. Income ratio is just one of many factors that determine affordability. There are myriad other factors like the inheritance effect and the foreign transfer effect.

Singapore has reached its 46th year of independence. The first generation is passing on and the second generation is about to inherit substantial wealth.

Imagine for example a middle-aged technician called Li Ah Long's father suddenly leaves him a terrace house worth $2 million. Even though Li Ah Long is a technican earning only $30k per year and stays in an HDB 4-room flat, he is suddenly able to pay off his entire HDB loan with spare cash to buy a suburban condo for investment.

So he sells his inherited terrace house to an aesthetic doctor called Dr. Sally Lam who already owns 100 other properties. Dr. Sally Lam charges clients like the Prince of Arabia $20,000 for each pimple removed. As the Prince is an adolescent who keeps growing pimples non-stop, there is only one way for ridiculous priced houses to go - and that is up.
12-11-2011 06:17 PM
Unregistered The market can stay irrational for longer you can stay rational.

Japan boomed for an irrationally crazy 10+ years before it crashed crazily for a couple of lost decades.
12-11-2011 05:15 PM
Unregistered just read from the newspaper that property sales in China are slowing at a very fast pace these 2 weeks. Few hundred brokerages have dismissed few thousands workers.

The article even commented whether this would be the start of a snowball effect of property crash.

Well, I look at the number of highly paid people in this decade compared to 90s, where alot of people didn't earn $5000 as easily, I think more people are able to afford private property and support the unit.

I have been looking at the market since 2009 and thought the following month would be the crash and thought so again, again, again....But the crash never came. So many people have been talking about it, but that's only it.

Not cursing the market, but perhaps the crash is coming ... next year? If not, let's hope not, because I might be taking a property next year.
12-11-2011 04:53 PM
Wiseman1 Most people here would try to defend current property price levels, since the majority would have sinked huge amounts of monies into bricks and motar......while this may allow you to sleep better at night but it would not change the reality.....there is only onw way for ridiculous priced houses to go - that is down
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