Last night, I was quite surprised to see more than 60% saying no bubble. Optimistic people.

This morning with more votes, the votes have dropped from 60+% to 55% for the no bubble.

Interesting to see the progress later with bigger population. Then again, the population here may not be representative of the real world outside.

Cheerio.

Are Singapore home prices set for a bruising?

Published: Wednesday, 15 Jan 2014 | 6:20 PM ET
By: Leslie Shaffer | Writer for CNBC.com

Singapore's home prices could fall more than expected this year and unwinding cooling measures may not staunch any damage, Nomura said.

Most analysts already expect the city-state's private home prices to decline, forecasting a peak-to-trough correction of around 10 to 15 percent through 2016, with a drop of around 5 percent this year, Min Chow Sai, an analyst at Nomura, said in a note.

But he thinks 2014's pace of decline could surprise, potentially falling more than 10 percent by the end of the year.

"A potential source of this negative surprise is a weaker-than-expected secondary market," Chow Sai said, noting more sellers appear willing to pay the sellers' stamp duty (SSD) and more appear willing to sell at a net loss. The SSD is imposed on properties purchased after February 10, 2010 and owned for less than four years.

In addition, with around 10,000 units of private homes completed in 2013 having limited or no SSD restriction, a potential increase in secondary supply is looming, he said.

Another bucket of cold water on the private housing market may come from the public housing resale market, he said. Nomura estimates public housing resale prices may need to fall more than 20 percent for the affordability level to reach a typical market bottom.

"A correction of 21.3 percent in HDB (public housing) resale prices will significantly reduce upgraders' demand for the mass-market private housing market and could precipitate a faster price decline," he said.

The market is already showing signs of stress. In December, developers' sales of private homes fell more than 80 percent from a year earlier, with only 259 units changing hands, according to government data. In addition, last week private home prices in the city-state registered their first drop in seven quarters in the October-December period, falling 0.8 percent on-quarter.

Any government efforts to stem the declines by rolling back cooling measures on the segment may be ineffective, Chow Sai said.
http://www.cnbc.com/id/101337154

One of the biggest mistake for investors is waiting too long to start investing in property, whether for own stay or as investment.

What is your view? This is only for discussion purpose... please don't overreact...thank you.

Why not, if I find a good deal. Just 3 mths ago, received sms early morning from Setia Ecohill, if interested to book, bring along RM20k cheque...I went with my cheque hoping to get one of their terrace house...too late the crowd already too big...all terrace sold out by noon...just within a few hours! The terrace selling from 400+k, I think is a good deal, heard the 2nd phase launch..the terrace will be from 600+k

I tell you the truth, when real estate crashes 90% of you will not have the balls to buy. When bubbles burst it usually comes hand in hand with, stock market crash, currency crash, job market crash, high interest rate, etc.

The good news is I'm in the 10%, which means the rich will always get richer!

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

we also had no clue when KWSP willl shutdown the EPF Acc 2 withdrawal for members. that for either home loan principle reduction or monthly payment. we know they kwsp already discontinue to skim beli komputer.

but when there is serious need for MOF (kementrian kewangan). the reserves are thinning out. they will stop the scheme as i mentioned. because the terms are subject to changes.

then the rest of all will............ u know i know.

This lowyat rating above today only polled 38% that said property market is down or pockets of market is down.
😎😎😎😳😳😳💸💸💸

Inflation more than double last year’s rate, ringgit weaker

http://www.themalaysianinsider.com/malaysi...-ringgit-weaker

Nope far from it. I rely alot on input / knowledge from the more seasoned forumers in LYN but for them to provide such input the title of the thread and the type of discussions it has are important. Where are the seasoned property investors if i may ask? Dont see them flocking here to contribute anything meaningful. Let's see you putting some effort first in YOUR own thread.

The quick flipping glory days are over. Investors are advised to mentally prepare to hold longer.

For savvy investor we need to change the game with a new strategy to make sure the investment is profitable..new rule and regulation need a new strategy..one of the strategy is we must hold the property much longer..

Matured areas damandara heights, sri hartamas, desa park city, TTDI, Bandar Utama, Bangsar, Kenny Heights..and several others..even when property bubble burst..how much can d landed property prices dropped in these areas? 5% ??

Alright, if double then sure can. Then the questions is, if double income, they could definitely buy a house instead of renting right? And since they can afford to buy for own stay and perhaps have also bought it already. Then who is gonna rent the rest of it from the market?

Cny coming, for once lets huatla!!
2014 Ong Mali!!!!

Consumer sentiment hit five-year low as inflation soars above 3%, survey shows

BY TRINNA LEONG
January 28, 2014

Consumers are jittery over the rising cost of living as sentiment fell to its lowest since early 2009, while inflation has reached 3.2%, a survey found.

The Malaysian Institute of Economic Research’s (MIER) consumer sentiment index (CSI) released today showed that the reading fell below the threshold point of 100 in the fourth quarter of 2013.

At 82.4 percentage points, consumers are concerned over economic conditions and would likely be more careful with expenses as the cost of living goes up following Putrajaya’s subsidy cuts on fuel and electricity.


RHB Bank’s Economic Highlights, reflecting on MIER’s CSI and Business Conditions Index (BCI) surveys today, noted that the negative sentiments among consumers were further fueled by lower household income and Bank Negara’s moves to rein in rising household debt.

“The survey also indicated growing inflationary jitters due to the fiscal consolidation measures by the Government,” said RHB Research.

The bank’s research house noted that inflation went up from a two-year low of 1.2% in December 2012 to 3.2% in December 2013 following rising prices of goods.

“As a result, the survey indicated that consumers will likely be more prudent in spending in the coming months, and they would put on hold their spending plans for big-ticket items such as property, furniture, computers and cars,” it said.
http://www.themalaysianinsider.com/malaysi...ve-3-survey-sho

Bro, is your dream coming true ? Interest rate increase by 4.25% in 1 decision 

http://www.cnbc.com/id/101359309
FLIPPERS BEWARE !!

Bnm is going to increase blr soon as too many investor ship out cash for the last 5 weeks n inflation at all time high.

That's interesting. The consensus is that BNM will raise interest rates this year as well as further tightening the guidelines and possibly increasing LTV as well. BLR has been unchanged since May 2011 at 6.6%; will it breach 7.0% this year? We'll find out soon enough.

business slowing down because everyone use money to buy property....so business impact slow...but property up!

Property: MIEA predicts focus shift from primary to secondary market in 2014

Posted on 30/01/2014 - 17:00

Laura Lee

KUALA LUMPUR: The Malaysian property market has arguably been in a tailspin since late last year, after property curbs announced in Budget 2014 and cooling measures implemented by Bank Negara Malaysia.

Many investors, speculators included, who had bought properties from developers and had wanted to flip them two or three years after completion are in a bind, having to deal with measures such as the revised real property gains tax (RPGT) announced in the most recent budget.

The new RPGT rates have resulted in a number of investors putting property purchases on hold, says Malaysian Institute of Estate Agents president Siva Shanker, who foresees more investors switching focus from the primary to the secondary market.

Although the primary market makes up just 10 to 15 per cent of total residential property transactions, the rest coming from the sub-sale market, Siva points out transactions of such properties from developers fell last year. This trend is expected to continue this year.

Part of the reason could be deve­lopers having come up with similar products in the last few years. This explains how the prices of some high-end residential properties have shot up by as much as 35 per cent a year, he says.

Citing another example to support his view of a shift to the secondary property market, Siva says launches could be priced ridiculously higher – at say RM1,500 per sq ft – than an existing project, with property tagged at RM1,000 psf.

That is what speculation has done to the property market. If we are not careful, Siva believes, this could lead to a bursting of the property bubble, if not a market crash.
http://www.theantdaily.com/news/2014/01/30...ary-market-2014