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Property and it prices - Outlook for 2008
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Err....don't mention, just sharing my tot when i saw some posting on Capland, the spike can last 2-3 days up or down pending sentiment news, so those bot high can either hang on or cut it losses, (hoping to sell higher) or those bot at a low (Lucky) to sell into strength. (profit taking). There those also sell shot w/o script and buy back later...Trade with care.
Thanks for your insight view teeth53, will take note and stay clear for the moment......in fact, as written in Capiland thread, I am eyeing on this counter as the price do look tempting....under my watchlist for the moment ....taking my TA sifu advice as the chart seems bearish for the moment...
FA wise, can refer to BT new today...sound quite bullish...
Cheers.
Capland spike down beginning Jan08, then spike up to end Jan08, then spike down to 1st week of Feb08 before pull up a steep climb the 2nd week of Feb08, then a two week attempt to stablizing it trading px at <$6.00 before falling back down again to current support range of $5.60 - $5.80. The word i play on is spike as it can very easily up a dollar ($1.00) or down a dollar ($1.00), so trade with care, and sentiment news or any other news, the spike will remain there trying to find some real support and will remain quite volatile in nature.
So teeth53...there is still downside risk as Capitaland as yet to find its support level...thanks to elaborate..
Kepland Vs Capland. Both real support price is <$5.00,. Capland is on a roll coaster ride ,spiking up/down, trying to find it real support since 2008. (Capland..Trade with care). Meanwhile Kepland is seen to have taken a slide toward >$5.00 w/o much hope of finding some real consolidation support, slide seem predictable and constant.
Splits:none |
| Last Trade: |
5.08 SGD |
| Trade Time: |
Mar 20 |
| Change: |
 0.12 (2.31%) |
| Prev Close: |
5.20 |
| Open: |
5.10 |
| Bid: |
5.08 |
| Ask: |
5.09 |
Splits:none |
| Last Trade: |
5.68 SGD |
| Trade Time: |
Mar 20 |
| Change: |
0.04 (0.70%) |
| Prev Close: |
5.72 |
| Open: |
5.70 |
| Bid: |
5.67 |
| Ask: |
5.68 |
|
|
|
|
|
| Day's Range: |
5.55 - 5.72 |
| 52wk Range: |
5.10 - 8.75 |
| Volume: |
12,070,000 |
| Avg Vol (3m): |
13,712,600 |
|
|
|
|
|
|
|
| Day's Range: |
4.95 - 5.15 |
| 52wk Range: |
4.90 - 9.90 |
| Volume: |
5,469,000 |
| Avg Vol (3m): |
3,171,780 |
|
|
Property sectors has cheong quite substantially during 2006 - 2007 when the going is good, so evidently, when economy slow down...the impact is there. However, still like some of the property counters in S'pore such as Capitaland, SC Global, Wheelock and even Ho Bee...waiting patiently to buy when the price is right to me.
Disclaimer clause: to each there own, not an encouragement to buy
ST paper Friday Mar 21, 2008. Page H41 money page
Stamford Land's deal to sell hotel portplio falls through....
(Seller try to sell on the max high opportunities), while buyer is hanging on to more option knowing properties px is not moving up.
It just one of those things market is playing out, this year 2008, sound bad.
1st of just one of those...now is happened to AllCoReits, next on the list...???? (who)
SINGAPORE, March 18 - Allco Commercial Real Estate Investment Trust , a Singapore-listed trust, on Tuesday dropped a legal bid to stop Moody's from downgrading its shares, the city-state's high court and sources familiar with the deal said.
At the cross road???? Up or Down....
Just FYI. Today Straits Times (Money page) paper head line. What this mean?.
Kuwait fund pulls out of bulk purchase of high-end homes
(Opting out of S$818.4mil deal with a median price of $3200 psf)
Basically, property counters have outperform for 2007, hence, alot of downside....even today newspaper touch on it. People speculate by buying 3 place at one go....not for investment but more on speculation.....hence, highly to thread lower with sub-prime and tightening of credit....end of it, will US isssues flow to Asia???
Thk for high lighting...Just for sharing...Hope other can share their view as well.
Further comment and opinion from other certainly can help to enlighten the uncertain volatile period in proerty stocks counter...
Pl kindly update yourself.
It's NOT the PUB building but the SP (SingaporePower) building.
teeth53,
Re your post
"Last year 2007, prices peak to more then S$4000/- per sq m".
Hey, that is a steal.......tell me where to find such deal and I buy straight away..........no need to consider location, floor, unit no., facing etc. Surely you meant $4,000 per sq ft?
Err..Thk Qs Nickng,
Well, likely to slip w/o shorting as most property price now in chicken and egg situation.
Just sharing my personnal tot, not vested in any REITS and in any property counters.
ok...got your msg...so pls help to SHORT down UOL to somewhere near affordable price my grand entry...hee...
:D
Here, is some fact, news from USA housing woes.....
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FOR SALES (BIG, BOLD in RED). This housing woes is been carry into 2008.....so is the fear of credit crunches and 
Wall Street in mixed territory after choppy morning, big selloff last week. A big drop in the Dec. new home sales index and weakness in global markets factor.Stocks struggle after selloff |
Yet again news on Sunday Feb 24, 2008...source from asiaone.com
Speculators paying the price of market cooldown as offers slow to a trickle. -ST
»
HDB resale flats for less than $200K Just sharing my tot. buy, sell or hold on to any properties. This year and next year as well. Speculators going for the qiuck kill can get ieself hurt
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Painting a nice picture, S'pore will weather the storm, it does not effect the rich, so we will succeed in matter of fact. Most of the poor will be poorer due to d un-solve widering income gap. A few more millionaire will be made and economic report will again paint a rosy picture. Risk is get risker and only way to get rich is gamble. It is not going to get better, going to go turn ugly further down d road.
To the wise, spare a thought and save some for rainy day.
S'pore depending on India, China, EU (Gee...) and also alot on US to take in our factory products...rite. One down, not out, two to go.....
Oh!! about M'sia coming election. U know, i know Y...M'sia is looking for a new mandate to gov. |
A smart move...PUB, and now yet another news on Money page Feb 23, 2008 (Sat)
Rising inflation across Asia mauls S'pore REITS...A Reits may offer 6% dvd yield, inflation run at 4.5%, one can get 1.5 % in real mode after less inflation rate.
It is mentioned in ST paper again that Reits Trusts may still get higher rentals, higher hotel rates. However Reits has fallen by 32.5% in their value from it peak since last year. China reits fare worst.
Having said that it will contiune in my own opinion, properties prices will slip again this year and also likely next 1st half year. Thus what one can get in return of 1.5% yield, plus lowering stocks prices, one may actual get none returnable losses over this year trading period. It is bad news when US is looking to cut it interest rate to forestall going into a mild recession.
Just sharing my personnal tot, not vested in any REITS.
PUB 30 years old building at Somerset rd, sold off close to a billion S$, based on 555,000 sq ft
(FYI only)
