Raya promo that good? How was it last year i wonder. I would have thought taps are drying up by now
V12 - Property prices discussion, For non "UUU" and "DDD" campers only...
V12 - Property prices discussion, For non "UUU" and "DDD" campers only...
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Aug 6 2013, 12:54 PM
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Junior Member
95 posts Joined: Jun 2013 |
Raya promo that good? How was it last year i wonder. I would have thought taps are drying up by now
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Aug 6 2013, 01:00 PM
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All Stars
10,777 posts Joined: Sep 2009 |
This Sunday is the official Grand Launch with the Sultan of Johor. According to Iskandar insiders, more than 2,000 units of apartments have been pre-booked.
![]() News from TODAY @ Mediacorp Singapore. https://fbcdn-sphotos-c-a.akamaihd.net/hpho...856238672_o.jpg source: TODAY |
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Aug 6 2013, 01:00 PM
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Junior Member
252 posts Joined: Jun 2012 |
QUOTE(Rooney1985 @ Aug 6 2013, 11:19 AM) Apologies for the off topic on Johor... anyway... here's another good article to read... The magic of credit growth is that always creates an "illusion" of a sudden explosion in wealth creation, as households magically fast forward income from the next 40 years to be spent today. Those who fail to appreciate the fundamentals behind credit growth tend to mistake the illusion for the real thing, and their optimism leads to even more credit expansion. However, this trend cannot last forever, and the wealth created is destroyed via the process of deleveraging once credit tightens up.http://www.themalaymailonline.com/malaysia...-says-economist Key points to take away from the article for me was:- "Debt-fuelled growth has let Malaysia plaster over the cracks of a softening economy already showing the signs that heralded the dotcom crash and Asian financial crisis" “Asia’s inconvenient truth, in short, is that the rise in debt has masked deteriorating growth fundamentals" "The troubling question now is: how much would growth have slowed if it wasn’t for the rise in debt?” I guess for the past few years a lot of funds (debts) have been dumped into properties to churn out overall growth... which does not create value (in terms of productivity) and the question is how in the world are they going to reverse this false value creation in properties (bearing in mind the illiquid nature of these assets) in order to create real sustainable growth fundamentals. Not all credit is bad of course. Hedge financing is healthy, whereas speculative and ponzi financing are bad. The problem is we don't know how much is bad, how much is good. I've always taken the view that we cannot tell how healthy mortgage debt is from bankruptcy rates when a market is rising faster than interest rates, as rising prices will increase your asset value faster than your debt even if you don't make a single payment. We'll only be able to tell when interest rates start crawling up. Based on recent news I think it is almost certain that rates will start edging up by the end of the year, and the key question is only: how much? |
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Aug 6 2013, 01:09 PM
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Senior Member
986 posts Joined: May 2012 |
QUOTE(Anon_1986 @ Aug 6 2013, 01:00 PM) The magic of credit growth is that always creates an "illusion" of a sudden explosion in wealth creation, as households magically fast forward income from the next 40 years to be spent today. Those who fail to appreciate the fundamentals behind credit growth tend to mistake the illusion for the real thing, and their optimism leads to even more credit expansion. However, this trend cannot last forever, and the wealth created is destroyed via the process of deleveraging once credit tightens up. Thus its always a good idea to sit down and reflect not on the number of houses/ apartments/ condos you own... but also truly and deeply consider the amount of debt behind all that which needs to be repaid with interest... Not all credit is bad of course. Hedge financing is healthy, whereas speculative and ponzi financing are bad. The problem is we don't know how much is bad, how much is good. I've always taken the view that we cannot tell how healthy mortgage debt is from bankruptcy rates when a market is rising faster than interest rates, as rising prices will increase your asset value faster than your debt even if you don't make a single payment. We'll only be able to tell when interest rates start crawling up. Based on recent news I think it is almost certain that rates will start edging up by the end of the year, and the key question is only: how much? Unless you have plenty of cash and buy with cash... if that's the case then anytime is a good time to buy! lol!!! |
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Aug 6 2013, 01:25 PM
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Junior Member
416 posts Joined: Apr 2008 |
QUOTE(accetera @ Aug 6 2013, 12:30 PM) In the meantime, our best shopping malls are packed with people and people are makaning out. Imagine that day, all the resto in a popular mall was fully booked. Nia mah... The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years. Just to share. |
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Aug 6 2013, 01:29 PM
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Junior Member
66 posts Joined: May 2013 |
I work in the government property sector. I'd like to know HOW having the access to all the property prices in the country can help me. Can being a property agent make use of all the available data?
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Aug 6 2013, 01:33 PM
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Senior Member
986 posts Joined: May 2012 |
QUOTE(cockee @ Aug 6 2013, 01:25 PM) Bro, I am in a multinational F&B company. We have access to a lot of food retail information, so I can strongly disagree with your statement about makan out. The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years. Just to share. This post has been edited by Rooney1985: Aug 6 2013, 01:39 PM |
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Aug 6 2013, 02:16 PM
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Senior Member
2,155 posts Joined: May 2005 |
QUOTE(accetera @ Aug 6 2013, 12:30 PM) Construction and oil/gas. So much work till dono wat to say. Let me guess...issit coz its puasa month? Fully booked for them to buka puasa?In the meantime, our best shopping malls are packed with people and people are makaning out. Imagine that day, all the resto in a popular mall was fully booked. Nia mah... That day i went to this Absolute Thai in Gardens MV at 630...NOBODY! but fully booked sign is outside... feeling disatisfied....i ask la issit really fully book? They told me yes......i was like....wat? 1 more hour to buka puasa woh......nobody at all also @@ wahh this restaurant really dunno to do business |
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Aug 6 2013, 02:16 PM
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Senior Member
2,856 posts Joined: Jan 2010 |
QUOTE(accetera @ Aug 6 2013, 01:00 PM) This Sunday is the official Grand Launch with the Sultan of Johor. According to Iskandar insiders, more than 2,000 units of apartments have been pre-booked. Wow! 2000 units have been pre-booked![]() News from TODAY @ Mediacorp Singapore. https://fbcdn-sphotos-c-a.akamaihd.net/hpho...856238672_o.jpg source: TODAY |
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Aug 6 2013, 02:18 PM
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Junior Member
416 posts Joined: Apr 2008 |
QUOTE(Rooney1985 @ Aug 6 2013, 01:33 PM) Some is up, some is down. But overall quite low growth. Besides the softening EO market, the biggest problem is the low barrier of entry. It is highly competitive. Easy to start, hard to sustain. |
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Aug 6 2013, 02:24 PM
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Senior Member
986 posts Joined: May 2012 |
QUOTE(cockee @ Aug 6 2013, 02:18 PM) Dessert market very wide categorization, bro. It depends on which subsegments you are looking at. Its a delicacy, sweet, chocolate kind of concept... And I agree with your last point, everything is great when its fresh but just loses it's appeal after awhile... well... we'll see how it goes.. thanks for your advice!Some is up, some is down. But overall quite low growth. Besides the softening EO market, the biggest problem is the low barrier of entry. It is highly competitive. Easy to start, hard to sustain. |
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Aug 6 2013, 04:49 PM
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All Stars
10,777 posts Joined: Sep 2009 |
The overall retail market is growing... but it is true that if you look more closely most retailers are struggling.
Our growth is from the big players for example in F&B you have to see Starbucks, McDonald's, Chatime, TGI Friday's, Chilli's, etc... so as long as the big players are doing well, in totality wise, I would say we are doing fairly well. QUOTE(mIssfROGY @ Aug 6 2013, 02:16 PM) Let me guess...issit coz its puasa month? Fully booked for them to buka puasa? Yes all fully booked.... i was at The Curve... even the non-halal ones aso crowded. So ended up in Din Tai Fung which was crowded as well.That day i went to this Absolute Thai in Gardens MV at 630...NOBODY! but fully booked sign is outside... feeling disatisfied....i ask la issit really fully book? They told me yes......i was like....wat? 1 more hour to buka puasa woh......nobody at all also @@ wahh this restaurant really dunno to do business This post has been edited by accetera: Aug 6 2013, 04:54 PM |
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Aug 6 2013, 04:57 PM
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Junior Member
90 posts Joined: Jul 2013 |
4500 unit already prebook
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Aug 6 2013, 08:23 PM
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All Stars
10,777 posts Joined: Sep 2009 |
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Aug 6 2013, 08:54 PM
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Senior Member
2,856 posts Joined: Jan 2010 |
Wow! More and more good news
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Aug 6 2013, 08:57 PM
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Senior Member
2,856 posts Joined: Jan 2010 |
Wow! More and more good news
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Aug 6 2013, 10:11 PM
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Senior Member
2,292 posts Joined: Jan 2003 |
QUOTE(cockee @ Aug 6 2013, 01:25 PM) Bro, I am in a multinational F&B company. We have access to a lot of food retail information, so I can strongly disagree with your statement about makan out. Would u have information about eating out at hawker stalls, coffee shops, mamaks, small Chinese restaurants without gov tax?The data showed that the Eating Out market is actually shrinking across board (breakfast, lunch & dinner) compared to the past 2 years. Just to share. |
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Aug 6 2013, 10:34 PM
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Senior Member
1,216 posts Joined: Mar 2013 |
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Aug 6 2013, 11:54 PM
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All Stars
10,777 posts Joined: Sep 2009 |
i-city soho
taken by HYB ![]() This post has been edited by accetera: Aug 6 2013, 11:55 PM |
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Aug 7 2013, 12:00 AM
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Senior Member
2,856 posts Joined: Jan 2010 |
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