Singapore - Housing 01 (May 08 - Oct 08)

[LenaHuat]

MM
I don't take Fiona Chan's report too seriously. I find she cannot think in complete phases.

In case some1 here asks me why : Pl do a little homework on your own. Track her. I track almost all biz reporters.

[HengHeng]

Personally i still think properties has not hit a peak yet. At least , from ground level where i talked to a few property agents. There are still demand for "undervalued" areas like serangoon and an on going demand.

Well , as prices of prime areas start to drop , we might find bargains as property "speculators" start to dump their properties. I feel that this surge of demand from bargain hunters would keep the market at equalibrium for sometime.

It might not be until next before we can determine whether if there is really a drop in demand as "the en bloc" properties start to roll out. Property prices are usually laggers and doesn't reflect the real prices as it is rather difficult to "match" the buyer's price and the sellers demands.

[millionairemind]

Lena - Kamsia... I don't know who Fiona is... when I want to know if I should be investing in property counters, I ring up a few of my veteran real estate friends to get a feel on the ground..

I don't track the business writers... You know me lah.. only thing I track is market action.. all else is noise

Who in your mind is good so I can pay attention to her/him the next time I read a business report.

HH - Tks.. will keep it in mind.

[LenaHuat]

MM
Info at the end of this week cuz sometimes I only remember their fotos and not their names.

[-dol-]

HDB prices still going up. So upgraders will still bite if prices are affordable to them - their jobs permitting. Somehow, there is still pent-up demand. Singaporeans just love their properties - if they can afford the monthly instalments and they really like the property, they are not so tied up with whether they are getting a bargain as they do with their stocks or shopping. During the last peak, many got stuck with paying sky-high prices but at least they take comfort in living in their dream homes. Quite a number got bailed out in this latest surge, so I guess they are even firm believers now. As long as they don't sell, they don't lose - long-term, sure go up!

[millionairemind]

Quite a number got bailed out in this latest surge, so I guess they are even firm believers now. As long as they don't sell, they don't lose - long-term, sure go up!

Just like stocks??? We just have to figure out how long it takes.. maybe 15years??

[LenaHuat]

Lately, many NRIs and PIOs are shopping aggressively for local properties.
High-end/mid/mass market, U see them all over.

[-dol-]

Some stocks never come back. Buy-and-hold believers stand better chance with Singapore properties - though the historical evidence is relatively short (compared to US/Europe) for this little red dot. At least, they derive joy from staying in it, as compared to staring at their CDP statements or stock certs. For investment properties, they get rental while they wait for the "inevitable" recovery - better than current bank deposits - as some say. Property lovers say it is a no-brainer...

[-dol-]

Lena,

What are NRIs & PIOs? Please excuse my ignorance.

MM,
At this point in time, I don't see a property crash happening in Singapore or HK. If it's just a correction, I don't think one have to wait 15 years to break even. The big cleansing happened 10 years ago for Asia. The caveat is that I am wrong very often...

[kennynah]

i agree with dol tat our history is really too short to conclude that property prices will always appreciate over time. even though, since 1967, no HDB flat has not appreciated in its real value. going forward, we can never be totally sure, although, it is conceivable that this trend should continue.

given our land is scarse, is an advantage.