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Singapore Private Home Prices May Fall 10% - BNP
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I beg to differ . . . They generate more income instead, WELDONE!
nickyng ( Date: 09-Sep-2010 09:36) Posted:
i thk our garment really shoot itself into its leg this time...haha...since they are pumping up land supplies so fast and furious to calm runaway home prices to match demands...y bother to implement those "drastic" 31-Aug property measures?..hee...really goons... :P
DJ MARKET TALK: Singapore Private Home Prices May Fall 10% - BNP
0022 GMT [Dow Jones] Singapore private residential prices,
especially for mass-market homes, may fall 10% next year following
recent government measures to further cool property market, says BNP
Paribas. Notes latest measures poorly timed given increasing housing
supply over next few years, expected slowdown in demand due to smaller
population growth. Adds upgrading by public housing dwellers to private
homes has stagnated over past year, with demand from this group expected
to stay low in coming years given more choices as government increases
supply of new HDB flats. "With the new measures, we believe
speculative/investment purchases will reduce significantly." Expects
sales of new private homes in coming years to fall to 8,000-9,000
annually from 14,851 in 2009, 10,117 so far this year. Prefers Singapore
REITs such as Ascendas REIT (A17U.SG), CapitaMall Trust (C38U.SG) over
developers. (frankie.ho@dowjones.com)
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well...they are launching to many land via Garment Land Sales this and next yr.....likely price will b suppressed...coupled with...those latest measure are quite drastic leh...i mean from 5% to 10% cash...and loan amt from 80% to 70% for 2nd loan...etc...and owner of pte properties(include oversea by SG PR) cant buy HDB resale...etc..those combinations i think may actually kill it
The government already late in doing so, but late is better then too late. They are doing it right as bubble is no kidding... The STI may see under 1000point if the bubble grow too big and burst... lol... Back to reality...
Everyone has been anticipating the private property to drop since it was at its peak few months ago. So, a drop in 10%, looks like an opportunity for those 'would-be buyers' to go in and buy, may be next year. These 2 months,, ppl just look-see and sales of those new launches may be affected.
My opinion - Property index will escalate after the cooling measures cooled down.
nickyng ( Date: 09-Sep-2010 09:36) Posted:
i thk our garment really shoot itself into its leg this time...haha...since they are pumping up land supplies so fast and furious to calm runaway home prices to match demands...y bother to implement those "drastic" 31-Aug property measures?..hee...really goons... :P
DJ MARKET TALK: Singapore Private Home Prices May Fall 10% - BNP
0022 GMT [Dow Jones] Singapore private residential prices,
especially for mass-market homes, may fall 10% next year following
recent government measures to further cool property market, says BNP
Paribas. Notes latest measures poorly timed given increasing housing
supply over next few years, expected slowdown in demand due to smaller
population growth. Adds upgrading by public housing dwellers to private
homes has stagnated over past year, with demand from this group expected
to stay low in coming years given more choices as government increases
supply of new HDB flats. "With the new measures, we believe
speculative/investment purchases will reduce significantly." Expects
sales of new private homes in coming years to fall to 8,000-9,000
annually from 14,851 in 2009, 10,117 so far this year. Prefers Singapore
REITs such as Ascendas REIT (A17U.SG), CapitaMall Trust (C38U.SG) over
developers. (frankie.ho@dowjones.com)
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Okay, I set two years later in 2012 as my property investment buying year then !nickyng ( Date: 09-Sep-2010 09:36) Posted:
i thk our garment really shoot itself into its leg this time...haha...since they are pumping up land supplies so fast and furious to calm runaway home prices to match demands...y bother to implement those "drastic" 31-Aug property measures?..hee...really goons... :P
DJ MARKET TALK: Singapore Private Home Prices May Fall 10% - BNP
0022 GMT [Dow Jones] Singapore private residential prices,
especially for mass-market homes, may fall 10% next year following
recent government measures to further cool property market, says BNP
Paribas. Notes latest measures poorly timed given increasing housing
supply over next few years, expected slowdown in demand due to smaller
population growth. Adds upgrading by public housing dwellers to private
homes has stagnated over past year, with demand from this group expected
to stay low in coming years given more choices as government increases
supply of new HDB flats. "With the new measures, we believe
speculative/investment purchases will reduce significantly." Expects
sales of new private homes in coming years to fall to 8,000-9,000
annually from 14,851 in 2009, 10,117 so far this year. Prefers Singapore
REITs such as Ascendas REIT (A17U.SG), CapitaMall Trust (C38U.SG) over
developers. (frankie.ho@dowjones.com)
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i thk our garment really shoot itself into its leg this time...haha...since they are pumping up land supplies so fast and furious to calm runaway home prices to match demands...y bother to implement those "drastic" 31-Aug property measures?..hee...really goons... :P
DJ MARKET TALK: Singapore Private Home Prices May Fall 10% - BNP
0022 GMT [Dow Jones] Singapore private residential prices,
especially for mass-market homes, may fall 10% next year following
recent government measures to further cool property market, says BNP
Paribas. Notes latest measures poorly timed given increasing housing
supply over next few years, expected slowdown in demand due to smaller
population growth. Adds upgrading by public housing dwellers to private
homes has stagnated over past year, with demand from this group expected
to stay low in coming years given more choices as government increases
supply of new HDB flats. "With the new measures, we believe
speculative/investment purchases will reduce significantly." Expects
sales of new private homes in coming years to fall to 8,000-9,000
annually from 14,851 in 2009, 10,117 so far this year. Prefers Singapore
REITs such as Ascendas REIT (A17U.SG), CapitaMall Trust (C38U.SG) over
developers. (frankie.ho@dowjones.com)
