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24-01-2014 02:26 PM
lazyplane
Quote:
Originally Posted by lordlad View Post
Property fast crash please.....ppl will gonna burn.......but it will not be me....
I used to think that as long as i dont hold that asset class ie property, stocks, bonds, etc etc, then extremely recession / dips wont affect me.

That was until i went through the worst financial crisis in 2008/2009.

When there is fear on the street, and you see red in all counters so much that our govt has to implement the job credit scheme, and your own job is also on the line then u tell me that you want to see such a crash.

Even full time retirees are scared during such times.

I personally prefer the kind of "fear" that things are too pricely etc, than the fear of losing jobs because the latter has no differential for high performance individuals. u get the sack even if u are the best.

U can do something in the former eg run harder , faster etc, but the latter is survival.
02-01-2014 05:28 PM
lordlad Property fast crash please.....ppl will gonna burn.......but it will not be me....
26-12-2013 05:11 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am still waiting for the property prices to crash. Doesn't seem to be happening and doesn't seem like its going to happen anytime soon. Someone from Citibank must have gotten rich from writing unsubstantiated stuff like this. Certainly not me!
For those which picked up freehold D9/10/11 condos at $1000-1200psf in 2009, they are not afraid of market crash in future as there are very limited new supplies ( supplies only from enbloc ). Expats will continue to favour CBD condos due to short commute to work.

For those who bought far flung locations at $1200-1500psf e.g. jurong, yishun, be very afraid when massive OCR HDB and condo supplies come flooding in the next 3 years
26-12-2013 03:49 PM
Unregistered
Crash

I am still waiting for the property prices to crash. Doesn't seem to be happening and doesn't seem like its going to happen anytime soon. Someone from Citibank must have gotten rich from writing unsubstantiated stuff like this. Certainly not me!
23-11-2013 01:50 PM
Unregistered
Quote:
Originally Posted by Salary.sg View Post
So says a shocking Citi report on Singapore property.

Citi expects our GDP to contract by 2.8% this year, "making it the most severe recession in Singapore history."

As for property prices, the report also says that a crash is imminent (see related article: Property Must Crash).

Condominiums in the mid-tier segment is expected to have a price decline of a further "35% from current levels, or ... 45% from their peaks", with luxury condos faring worse.

But mass market prices are "likely to hover around the 1998 lows rather than the (lower) 2003 levels." [Editor's note: mass market prices are generally lower in 2003 than in 1998 even though URA price index for the overall market shows otherwise.]

On condos sold on Deferred Payment Scheme (DPS), which was suddenly withdrawn in late 2007, Citi has this to say:

The report goes on to list selected condo projects that will obtain TOP in 2009.

Of the 25 projects listed, 1 has a price change of 0% (Casa Merah) and 5 have a price change of -5% to -11% (Tierra Vue, Ardmore II, RiverGate, Grand Duchess at St Patrick's, and One-North Residences).

This means that 6 out of the 25 condo developments are now selling at launch price or lower!

Fortunately for some investors and owners, the following projects are still sitting on double-digit profits: One Jervois, Carabelle, ClementiWoods Condominium, The Inspira, Imperial Heights, The Centris, Newton One, The Esta, The Beacon, and Tribeca.

But for how long?

Will we hear of more stories like the couple who got stuck with property?

Expect the Worst Recession in Singapore History and Property Will Crash | Salary.sg - Your Salary in Singapore
Ya this citi article is correct. The recession is so severe that citi nearly went busy without the govt help
09-02-2009 05:53 PM
prime--
4045

so far, I think the prime districts 9 10 11 have gone down quite a fair bit. i would target the freehold properties there for long term investment. note also that due to the poor rental market now, you may not collect enough to cover your mortgage installments. invest wisely!
09-02-2009 05:52 PM
Observer--
4044

To sm: the conventional wisdom is that property in the prime areas (i.e., near city) would be popular with expats. Other considerations include amenities and closeness to public transport.
09-02-2009 04:54 PM
sm--
4043

anybody can suggest, should the property come down, which area should consider good investment?
09-02-2009 12:23 PM
retrenched--
4042

No house, no job... and you are talking *... Have a heart man...
09-02-2009 11:09 AM
hotdog--
4041

evil thought: those who were too bullish and have bought property during the red-hot days, but have just lost their jobs in recent weeks, they'd be doing fire sales, that's when prices can drop, yummy!
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