Punggol East By-Election coming ? MP steps down

[Harlequin]

Quite a good entertaining session, おやすみ。

[pirate]

3Boys:

pirate:

There aren't any at the moment..

Not yet..... :evil:

Don't worry. There is not enough local liquidity to support current prices. The :censored: foreign funds will find an excuse to suddenly yank the liquidity out of the local market. They always do.

[Strparent]

JannettLee:

Resale HDB flats transacting at $800k-900k, isn't this a bubble or genuine demand? A bubble in HDB property market right? Are we seeing real effective cooling measures being implemented for HDB property market? The answer is obviously no. So why no? they are sleeping? Trying to put out \"perceived\" fire in 20% private property market when in fact fire is ragging in the 80% HDB property market!

pirate:

The foreigners are not coming in to buy in any numbers. The softest segment of the market is the upmarket segment in the central districts and district 15. The strongest demand is for developer sales in the suburbs. Why? Because one only needs to plonk down 20% and then wait for the developers to build. Most of the buyers don't even know what they are buying. Wait till they get their keys then they will know. :evil:

Private resale market of completed units is not particularly strong.

The market is now perceived as genuine demand when it is in fact a bubble. If it is genuine demand, the restrictions on financing for 2nd and subsequent properties will have no impact on the market.

Pirate already explained the current situation very clearly.

regarding your question on why no cooling measures for HDB and only on pte property ? Isn't it obvious ?

any cooling of pte property prices will naturally lead to cooling of HDB prices, its a dominos effect..... and it does not work both ways proportionally.

[HVR]

JannettLee:

Harlequin:

Every weekend there are many properties being auctioned by the banks.

Next time, if you have such as good lobang, please IM me. If successful, I can even offer you good commission. I'm only interested in D1,9,10 &11.

If you have so much excess cash and have to keep buying property as a form of investment, I think nobody can stop you. Just pay you due. However, it appears that you want to do this and also want to save on ABSD. Have the cake and eat it too? If all rich people behave like you, the only way the govt can do is to have high LTV ratio to deter people with barely enough cash to throw in all their money just for the down payment. What happen if interest rate go up? What happen if property market crashes? Please think of others. If you must buy and buy, invest and invest, just go ahead but please pay your due in the form of ABSD.

[Strparent]

JannettLee:

By the way, I own many properties and for so many years even when at time the property prices drop by more than 30%, I have never for once been called up by any of the banks to top up my mortgage loan. So you see, the truth and the myth is so much different.

JannettLee, you are obviously a very savvy investor, and can weather any storm well.

However, what the govt is doing is to deter THOSE who are not from jumping into the fray if they are ill-equipped or not prepared in the event the bubble does burst suddenly..... and the bubble usually happen very fast. It could wipe out the poor chap, albeit his own greedy fault.

[3Boys]

Seldom has one poster united so many from across all creeds and political affiliations.

[3Boys]

Strparent:

JannettLee:

By the way, I own many properties and for so many years even when at time the property prices drop by more than 30%, I have never for once been called up by any of the banks to top up my mortgage loan. So you see, the truth and the myth is so much different.

JannettLee, you are obviously a very savvy investor, and can weather any storm well.

However, what the govt is doing is to deter THOSE who are not from jumping into the fray if they are ill-equipped or not prepared in the event the bubble does burst suddenly..... and the bubble usually happen very fast. It could wipe out the poor chap, albeit his own greedy fault.

Hence my retort to her comment about risk taking. I think she actually used the word 'sick'.......

[Strparent]

3Boys:

I think she actually used the word 'sick'.......

my fren 3B,
ummm....sometimes when you are so stubbornly rebuting so eloquently when we are on opposite views hor......... in my mind..... i oso think u are sickening.... :evil: :evil:

joking joking my fren :imcool:

[3Boys]

Strparent:

3Boys:

I think she actually used the word 'sick'.......

my fren 3B,
ummm....sometimes when you are so stubbornly rebuting so eloquently when we are on opposite views hor......... in my mind..... i oso think u are sickening.... :evil: :evil:

joking joking my fren :imcool:

:oops:

Call me sick is OK, saying Singaporeans are sick for not taking,

[JannettLee]

pirate:

JannettLee:

[quote=\"Harlequin\"]Every weekend there are many properties being auctioned by the banks.

Next time, if you have such as good lobang, please IM me. If successful, I can even offer you good commission. I'm only interested in D1,9,10 &11.

There were a heck of a lot of it in 2008-2009. And also in 1998-2000. There aren't any at the moment.

You have seen a 30% correction before. Good for you. I have seen a 60% correction before. The banks were definitely calling for top-ups when it happened. It was not pretty.[/quote]I'm in this market long enough to see all kinds of problems and do not take hearsay for real. Those got calling was simply because they defaulted the loam payment.