Here is something to share with you:
Why Singapore Economy Is Heading For An Iceland-Style Meltdown

Singapore is more land scare than kv, any drop in price will bound back in the future. Get ready to invest in sg?


This post has been edited by icemanfx: Jan 17 2014, 02:59 AM

By reading the title already cannot agree, singapore go into bankruptcy like iceland?

thanks for article.

what's interesting is this part:

Even though Singapore is no longer an emerging market nation, I consider its bubble economy to be part of the overall emerging markets bubble that I have been warning about due to its strategic role and location in Southeast Asia, which is also known as ASEAN (Association of Southeast Asian Nations). My recent reports on Malaysia, Thailand, the Philippines, and Indonesia show that the entire region is caught up in a massive bubble, and Singapore is benefiting from this bubble by acting as ASEAN’s financial center.

at the same time, nomura's talk of a 21% fall in public housing prices is shaking the island.
http://www.cnbc.com/id/101337154

sg prop bubble is indeed leaking now. at a time when the indon rupiah depreciated 21% in the last yr and bangkok's rocked by massive protests. locally, palm oil prices not good, rm is weak, debts reaching limits, millions of illegals... can't seem to see anything rosy except maybe more new prop launches with beautiful artists impressions.

the bottmline is if the asean bubble connection will bring what that forbes writer wrote about mysia 3 months ago:
http://www.forbes.com/sites/jessecolombo/2...bubble-economy/

dun worry, keep buying, "go in a blaze of glory"?

IF you are reading Singapore, might as well read about Malaysia:
http://www.forbes.com/sites/jessecolombo/2...bble-economy/3/

http://youtu.be/XkU23m6yX04

Be prepared. If u prepare urself, u ll not worry too much bout the Econ melt down.

Opportunities r usually grabbed by those tat r well prepared. We can even c ppl earn big during down time. But tat doesn't mean they did nothing during boom time.

Like !

But the DDD camp believes that all UUU campers are all flippers with extremely poor credit rating, borrowing 100% loan and living up to their nose with just 0.5% interest rise will make them jump from 14th floor

If history to repeat, about half of numbers sold were bought by flippers and most flippers maximized their borrowing/potential profit especially those who have profited early.

The perfect storm will come when interest rate rise is coincide with vp of numerous dibs projects from 2015, lower loan to value and conservative valuation by QS.

This post has been edited by icemanfx: Jan 17 2014, 10:01 AM

5 years since 2008. next 3 years superboom after adjustment:-)? Then crisis again at 2018....

If u wanna hold be my guest, we r targeting the mass that is going to give up & that's my friend is majority of UUU camp.

U don't wanna sell so be it, I am looking at your neighbours. .wakakaka

This is in contra of earlier market believe "if u can't affford the price flipper ask for there r richer one who can" so now is "if u not willing to do fire sales, there r other who's willing"..lol

i agree to ur statement.

On top of that we also need to catagorize the investors/ flipper groups according to property price range.
1) those soho, sovo, sofo, studio investment which price range of upto RM350K
2) mass market apartment/condo from 350K to 700K
3) mass market landed from 400k to 800K
4) higher end of condo/ landed from 800k to 1.5mil
5) luxurious property above 1.5mil

which catagory would more likely to have firesales in terms of % ????
In general, ppl believe those richer investors at category 4) and 5) tends to have better holding power to weather the storm. Dear all forumers, what is your view?

Hi Rooney,

Of course there are flippers who will sell to you. But the UUU camp may be there to bid just in front of you

Like you, I am waiting for the market to come down too

My view is not necessary only those 4 or 5. When market is down, all catergories will have people being affected. There are millionaires bankrupt. There are also poor people bankrupt

see who able to grab 1st

Luckily I am more into residential unlike you into commercial

don't underestimate those who really have holding power....i think it is easily more than you think there is...
so it may not necessarily be fire sales happening...

if you check the market postings on properties for sale, the price more or less still up there....

Global super boom coming
After this boom ddd will get what they want.

This post has been edited by kohts: Jan 17 2014, 11:34 AM

a number of them already re-financed their current property(ties) and the cash is sitting at bank, not only they can hold for years, but can whack if got fire sales.

like this got possible for huge adjustment meh? the uuu are in the queue, then the ddd already cannot wait to jump in after queue for long time.. this is not demand then what else call demand?

I tink even low end flippers venture to trouble waters like landed and bunglow in outskirt.. why.. their logic is bigger risk bigger return... the eco hill project and southville and iskandar.. rawang 2... many low end taking big risk.. in hope upon completion sell of... (coz they make an anology like this):

"Hmm 430k plus DSL wor.. cheap cheap lahh..compared to the high rise 500k above (in which they themselves feel expensive and wont buy) still cheap maas... if I flip to 750k (inclusive of RPGT 30%..legal fees.. stamp duities .. and etc minimum oso need to sell 550k. Plus 200k profit).. surely ppl will buy Maa.. a high rise oso 575k ( like u city/vista/amanya maluri/lido residency/pertama residency) surely ppl will choose landed.. I got a good deal leh 430k plus plus.."

they failed to reliase that high rise 500k above otransacted numbers are low.. those outskirt is GOD DAMM FAR.. however developers say 40 or 45 minutes LEISURE DRIVE .. but never mention it was traffic clear... (poor flippers only went to the said location first time which is d registration.. never drive before during peak... but because world class developers building JUST WHACK.. SURE UNTUNG). In actual fact from office concentrated areas like KLCC ..masjid jamek.. pj.. mont kiara and etc.. to reach kajang or bangi or rawang.. dat it self neec 1.5 hours coz stuck in jam duting peak hours..and additional 30 minutes to their house.. respectively.. ( be realiastic shall we.. market you targeting is working middle class working).. which I doubt coz many but NOT all already become flippers..


they also fail to pursuade themselves that the flipped price is no longer AFFORDABLE.. paying 3.5 k perminth for 35 years ( outskirt DSL) surely they will say many can afford 3.5 k just because u cant..dioes not mean many others cant... those can already or mostly flipping....

and come on 750k.. you your yoursrlf wont buy lahhh outskirt DSL.. right??

That dude mentioning that they have high holding power... yup you can.. well investment wise holding longer us is good ah.. bank interest jalan.... they mostly prefer sell off once completed... the longer u hold.. the prop become old.. design colour fade... they tell you hold longer is deceiving one.. if phase 2 open and you still holding phase 1 unsold.. haha.. ppl buy phase 2 lu... nevertheless if you holding long tetm.. good their credit is locked.. and surely cant flip ..

those rich ahh.. appetite problem... u tink invest 1 house meh... one project 3 house.. they have many houses dat is the problem... they need to hold so many dats I say they are the same... upon VP fast fast sell... but never consider alk the above problem.. sold but vacant.. alot of example... couple with govetnment measures hmm good to know government want slaughtet u flippers as well