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Property bubble to burst soon

this is an  Excellent  Question.

i take the Liberty to EXTEND your Excellent Question  tO:

- the PRESiDENT  [Qualification: 20 Children]

- the PRiME  MiNiSTER  [Qualification:  15 Children]

- MiNiSTERS   [Qualification: 10 Children]

- MPs   [Qualification:  6 Children]

- ALL  DIVISION  ONE AND  ABOVE CIVIL  SERVANTS  [Qualification: 5 Children]

- ALL  COMAPNY  CHAIRMAN  [Qualification: 8 Children]

- ALL  CEOs  [Qualification:  7 Children]

- ALL  COMPANY  DIRECTORS   [Qualification: 6 Children]

- ALL BANKERS  [Qualifcation:  5 Children]

- ALL PROFESSORS  [Qualification:  5 Children]

- ALL who earned  above S$100,000 per annum  [Qualification:  3 Children]

- ALL Billionaires  [Qualification: 20 Children]

- ALL  Decilionaires  [Qualification:  12 Children]

- ALL Millionaires  [Qualification:   6  Children]

- ALL married couple  [Qualification:  2 Children]

 

- ALL car  owners 

niuyear      ( Date: 01-Apr-2010 08:49) Posted: How can President Scholars give birth to only 1 kid?   Must have more.....Next time, the criteria to award president scholarship is :  One must be committed to want to get married and have a family and must serve the country. Afterall, this is the most prestigious scholarship.    WeiQiQi      ( Date: 31-Mar-2010 23:49) Posted: they probably lost all their $$ buying Lehman's related structured investment products. OR they are just plain not savvy with their finances. Can study and get president scholarship does not mean that they are smart with finances

 

i am going to SHARE your ENLIGHTENMENT with my MP. so that Ministry of National Development & HDB can be asked to look into this CITIZENRY ROBBERY by fOreign tOlent. this mal-practice is UNtOlerable tO singapOreans. i hOpe every singapOrean can feedback this ENLIGHTENMENT tO ALL their MPs fOr them tO cOntribute tO ALL singapOrean in the REAL ACTION way. No use just having Debates and Readings in the PARLIEMENT. PS: no name will be mentioned. Only the CITIZENRY ROBBERY issue will be raised to the MP

wongmx6      ( Date: 31-Mar-2010 21:55) Posted: Ya, PR should pay higher price, as i know many of them buy HDB then rent out the whole unit and live at JB.  The money from the rental is enough for them to support their House and Car at JB. S'pore Gov make some of the PR gain easy money. niuyear      ( Date: 31-Mar-2010 20:58) Posted: Bingo!  I like this suggestion!! PR should be made to purchase EC or HUDC and private. AFterall, they are PRs, they will ABANDON singapore one day...   P/s  - Heard my friend's son said :  Some china boys serving NS very unwillingly!  Tthey have been complaining that they are the one who 'SACRIFICE' for their families who come here just to become singaporeans !!    How are they going to go thru the 2 years NS life?

 

Property assests are non-productive; If all the properties of Singapore go up, is it a good thing?  Only selective properties due to special location that go up is valuable situation.  The general way will lead to a good feeling overall and onto excessive consumption.  This will burst when the assest ultimately fail to deliver (remember it is non-productive) and thereby misery.  We are going the misery path, only a company going for IPO will do it this way because they want to sell their shares.  Have Singaporeans found another island that we could all sell our homes and migrate en masse?

 

HUH?   How can they buy flat and not staying there?  I tot PRs are supposed to be WORKING in singapore in the first place and live here?

wongmx6      ( Date: 31-Mar-2010 21:55) Posted: Ya, PR should pay higher price, as i know many of them buy HDB then rent out the whole unit and live at JB.  The money from the rental is enough for them to support their House and Car at JB. S'pore Gov make some of the PR gain easy money. niuyear      ( Date: 31-Mar-2010 20:58) Posted: Bingo!  I like this suggestion!! PR should be made to purchase EC or HUDC and private. AFterall, they are PRs, they will ABANDON singapore one day...   P/s  - Heard my friend's son said :  Some china boys serving NS very unwillingly!  Tthey have been complaining that they are the one who 'SACRIFICE' for their families who come here just to become singaporeans !!    How are they going to go thru the 2 years NS life?

 

How can President Scholars give birth to only 1 kid?   Must have more.....Next time, the criteria to award president scholarship is :  One must be committed to want to get married and have a family and must serve the country. Afterall, this is the most prestigious scholarship.   

WeiQiQi      ( Date: 31-Mar-2010 23:49) Posted: they probably lost all their $$ buying Lehman's related structured investment products. OR they are just plain not savvy with their finances. Can study and get president scholarship does not mean that they are smart with finances. pharoah88      ( Date: 31-Mar-2010 17:22) Posted: i  heard  of  One couple [both  President Scholars]  with  one child STiLL  cannot affor  to  buy  private property. nO  hOpe  fOr  Ordineary graduate  couples to  buy  private  property  in  fUtUre ? ? ? ? nO  fUtUrE  iN  fUtUrE ? ? ? ?

 

I had already jump ship from propety counter since last week . Good Luck to everyone !

 

they probably lost all their $$ buying Lehman's related structured investment products. OR they are just plain not savvy with their finances. Can study and get president scholarship does not mean that they are smart with finances.

pharoah88      ( Date: 31-Mar-2010 17:22) Posted: i  heard  of  One couple [both  President Scholars]  with  one child STiLL  cannot affor  to  buy  private property. nO  hOpe  fOr  Ordineary graduate  couples to  buy  private  property  in  fUtUre ? ? ? ? nO  fUtUrE  iN  fUtUrE ? ? ? ?

 

No need to worry for kids...they will adjust. Parents need to tell their kid to buy only what they can afford. 

fishnet      ( Date: 31-Mar-2010 19:58) Posted: In the past, a 5 room flat cost around 300k. Now 550K! Quite Worried for my children..They might be paying 1mil for a flat..  Poor Sick ka porean. Salary didn't increase much... How to sustain...Ask OCBC?

 

Where got property bubble?

Global financial crisis, property prices hardly moved down in 2008, 2009.

When there is recovery, prices sure cheong what.

 

Ya, PR should pay higher price, as i know many of them buy HDB then rent out the whole unit and live at JB.

 The money from the rental is enough for them to support their House and Car at JB.

S'pore Gov make some of the PR gain easy money.

niuyear      ( Date: 31-Mar-2010 20:58) Posted: Bingo!  I like this suggestion!! PR should be made to purchase EC or HUDC and private. AFterall, they are PRs, they will ABANDON singapore one day...   P/s  - Heard my friend's son said :  Some china boys serving NS very unwillingly!  Tthey have been complaining that they are the one who 'SACRIFICE' for their families who come here just to become singaporeans !!    How are they going to go thru the 2 years NS life?   pharoah88      ( Date: 31-Mar-2010 17:17) Posted: to be  FAIR  &  JUST  to  singaporeans, PR should  only  be  allowed to buy HUDC or private property  since  they can afford to  PAY  OVER and ABOVE  REQUIREMENT   [POAR]

 

If you are behind the curve, demand outtpace supply and price just goes up.

 

Bingo!  I like this suggestion!! PR should be made to purchase EC or HUDC and private. AFterall, they are PRs, they will ABANDON singapore one day...  

P/s  - Heard my friend's son said :  Some china boys serving NS very unwillingly!  Tthey have been complaining that they are the one who 'SACRIFICE' for their families who come here just to become singaporeans !!    How are they going to go thru the 2 years NS life?  

pharoah88      ( Date: 31-Mar-2010 17:17) Posted: to be  FAIR  &  JUST  to  singaporeans, PR should  only  be  allowed to buy HUDC or private property  since  they can afford to  PAY  OVER and ABOVE  REQUIREMENT   [POAR]  knightrider      ( Date: 31-Mar-2010 16:45) Posted: This high record prices in HDB is set by HK (PR) people, I heard. Fyi. The recent Bras Pasar Complex ("Su cheng"), the 4-room sell to a Taiwan (PR) at S$690K. All foreigners pay and jackup the COV.

 

My point of veiw, bubble is unlikely however  pace of properties price going up could slow down dramatically.

Mr Mah has the responsibility to ensure stablility of properties price in S'pore. This is part of his job scope.

 

 

There is NO property market bubble

 

we should unit and keep the price down by not giving COV for HDB flat. We as buyer have the right the choose the right unit with the right price. Another alternative is to get new flat from goverment. This will force the seller in the market to sell at the lower price when no demand.

We still have the final say, but the sad thing is s'porean is Kasu, keep chasing and worry that price go up further.

We must remember that what go up must also come thing, like market get up and down. So wait for the price to go down b4 buy.

When bubble burst even HDB buyer that buy high will get burn.Remember my neighbour brought its 3 rm at 1997 high of $200k. When asia finacial crisis he sold it at $140k. This is a good lesson to learn.

Those who buy high will get stuck if not willing to sell at lost. When retirement is up, poor chat have not cash but only have a depreciated property.

So be smart, don't rush in now,. Be patient wait for the market slump to come.

Good luck

 

In the past, a 5 room flat cost around 300k. Now 550K! Quite Worried for my children..They might be paying 1mil for a flat..  Poor Sick ka porean. Salary didn't increase much... How to sustain...Ask OCBC?

 

 

 

Neighbours said  they stay at  Bukit Batok HDB estate.

PS:  I believe they can afford  at least the small private property.

       May be they prefer the  BIGGER HDB  flat.

       prObably  SPACE  mOre  impOrtant  than  CLASS

AnthonyTan      ( Date: 31-Mar-2010 17:43) Posted: You must be kidding. If they cannot afford private property, who then can afford.Nevertheless, you don't know where their money gone to.  You must go and check the profiles of ppls buying private properties. pharoah88      ( Date: 31-Mar-2010 17:22) Posted: i  heard  of  One couple [both  President Scholars]  with  one child STiLL  cannot affor  to  buy  private property. nO  hOpe  fOr  Ordineary graduate  couples to  buy  private  property  in  fUtUre ? ? ? ? nO  fUtUrE  iN  fUtUrE ? ? ? ?

 

tOmOrrOw  is  1st APRIL 2010

APRIL's  FOOL

BEWARE  Of   fOOls 

pharoah88      ( Date: 31-Mar-2010 17:23) Posted: ALL  the  BANKS  and  LANDS  are  dOwn  tOday pharoah88      ( Date: 31-Mar-2010 11:23) Posted: ALL  the  BANKS TOO DBS ? UOB ? OCBC ? SINGAPORE  PROPERTY  CREDIT sub-PRiME  CRiSiS ? ? ? ?

 

That is why old auntie and uncles still like to buy toto from private one, can buy 1 single number, 2 numbers and so ... ! Buy gov system, eat until clean clean. FYI.

 

Aiyah, don't buy gov system, private can buy even single number, if kana, they honour and pay !

jasonfaxingliu      ( Date: 31-Mar-2010 17:43) Posted: TOTO also cannot get... what to do. You get qquick pick, win 2 nos (no price of course) and if I go select my own no, ZERO no. came up. Zi Gay ku Zi Gay - like Cantonese saying... Gov to population get GST enough liao