Punggol East By-Election coming ? MP steps down

[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.

[Harlequin]

JannettLee:

pirate:

[quote=\"JannettLee\"]
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.

I'm in this market long enough to see al kinds of problems and do not take hearsay for real. Those got calling was simply because they defaulted the loam payment.[/quote]When your outstanding loan is $2m and your property price has drop to $700k the bank won't be so happy just taking in your loan payment lar.

Even the bank's computer software will call you on behalf of the bank

Seriously, whether you like it or not (to know or not to know) that's the way how it is.

[Harlequin]

If you are in this market long enough like you claimed, then this ABSD shouldn’t surprised you at all. Property investors, the real and savvy ones, have widely anticipated some "moves" would swing in anytime.


Those that left thronging the showrooms outside D9,10,11 are the very group that get caught off guard, which precisely the lousy gov you detest is trying to protect.

[Harlequin]

This round of ABSD is "specially" for quenching the likes of $1700 psf condos in places like pair ris.

[JannettLee]

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!

[quote=\"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.[/quote]Pirate already answered himself but just need to see the whole situation clearly . Next, he has to ask himself why there are CM7 altogether! It's a genuine demand and none of the previous CMs had managed to curb and you still can see the restrictions have very little impact on the private property prices. To the point that you are giving a lot of discounts to rich foreigners now as most Singaporeans are no longer able to afford and and free up the demand to foreigners and foreigners can now pick up good deals. The ABSD is no longer material to them.

Cannot compared to Hong Kong la, Hong Kong has 80% private property so they are addressing the correct market (80% market!). Whereas, Singapore is now addressing the 20% of the market, you think they can solve by addressing 20% market?

[JannettLee]

Harlequin:

JannettLee:

[quote=\"pirate\"]

I'm in this market long enough to see al kinds of problems and do not take hearsay for real. Those got calling was simply because they defaulted the loam payment.

When your outstanding loan is $2m and your property price has drop to $700k the bank won't be so happy just taking in your loan payment lar.

Even the bank's computer software will call you on behalf of the bank

Seriously, whether you like it or not (to know or not to know) that's the way how it is.

[/quote]No, the bank will not call you to top up so long you serve your loan diligently. Anyway, you had exaggerated the case? Is this your real experience? I had never heard such case in singapore before! Please show data le, I would like to see the data.