The Sail

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You guys must be desperate.  A condo with 1,000 units, over 10% are up for sale and you get excited about 4 or 5 a month.

Sure, bear is dead.

You are even funier if you think that 100 units for sale is really true. Most of them are just agents trying their luck for half-hearted owners. If you own a newly TOP condo, you would know how agents will come and pester you and will advertise your property even if you are not keen to sell it. Go and buy a new condo and you will be become wiser.
If the bears can celebrate 1-2 low priced transactions why can't the bulls celebrate 4-5 high priced transcations.

[Celebrate when]

you can buy at bargain prices. The stock market is telling you so. GDP numbers also tell you. Global growth (slowdown also speaks voulme). The time will come whne those who bought at the bubble ehight (2007) will "tak boleh tahan". Those who need to, have to buy now. Most don't need too >>>>> hence sales transaction volumes, have slowed even in the secondary market.

[Celebrate when]

you can buy at bargain prices. The stock market is telling you so. GDP numbers also tell you. Global growth (slowdown also speaks voulme). The time will come whne those who bought at the bubble ehight (2007) will "tak boleh tahan". Those who need to, have to buy now. Most don't need too >>>>> hence sales transaction volumes, have slowed even in the secondary market.

..you actually managed to buy at much lower prices. Otherwise it is just a case of premature ejaculation. LOL

[very funny]

You are even funier if you think that 100 units for sale is really true. Most of them are just agents trying their luck for half-hearted owners. If you own a newly TOP condo, you would know how agents will come and pester you and will advertise your property even if you are not keen to sell it. Go and buy a new condo and you will be become wiser.
If the bears can celebrate 1-2 low priced transactions why can't the bulls celebrate 4-5 high priced transcations.

Even if half true means one year to turnover current sales.  I said previously I thought it included duplicates but I only half buy the agent part, maybe a few to see if they can round up interest but highly suspicious it would be on that scale.  Also when agents do this you often see many identical unit types, not the case here.  Nevertheless, 4-5 is still not an indicator.

I also agree a handfull for the bears is not an indicator either.  Anyone who reads too much into volumes this low is a bit thick, whichever side they sit on.

[Celebrate when]

you can buy at bargain prices. It will come. Greed and stoopidity kills. Those who bought at the bubble height in 2007 were greedy and stoopidz. Negative equity follows. We can buy at bargain prices in time to come.

[Funds]

continue to short property stocks  They forecast poor earnings for these local listed developrers because the S'pore residential housing market has more downside.

[aiyo yo]

jia lat arghhhhhh. How 

[Yup, for some time liao]

Capitaland got sold down.

[Capitaland]

As I wrote on this board about three months ago, I found it very telling that Capitaland's CEO dumped more of his own company's stock, to the point where he owned an amount very small relative to his net worth.  Smart man.  It's down 20% in that time.  If a CEO doesn't want to own stock in his own company, then what does that tell you?

[Sympathy pleeze]

you can buy at bargain prices. It will come. Greed and stoopidity kills. Those who bought at the bubble height in 2007 were greedy and stoopidz. Negative equity follows. We can buy at bargain prices in time to come.

Agree that prices will come off and am looking forward to it. But lets show some sympathy to buyers who bought last year. With escalating rents, some had little choice but to get a roof over their head, now they are paying the price for others greed and stupidity.

[Blaze]

As I wrote on this board about three months ago, I found it very telling that Capitaland's CEO dumped more of his own company's stock, to the point where he owned an amount very small relative to his net worth.  Smart man.  It's down 20% in that time.  If a CEO doesn't want to own stock in his own company, then what does that tell you?

Hmmm... What else can he do? I read in the papers that property market is hurting CapitaLand in China and Vietnam and Singapore. And by delaying their developements, they are making it even worse.

By selling his shares he can still manage to fund his lifestyle in future 

[empathize or not]

But lets show some sympathy to buyers who bought last year. With escalating rents, some had little choice but to get a roof over their head, now they are paying the price for others greed and stupidity.

In some cases, I agree, but not so much in Singapore.  In places like London, people had been saying for years that prices are crazy and I can imagine that prospective home-buyers started to despair of them ever coming back down to earth.  In Singapore though, the craze lasted little over a year, so they should have a been a little more patient.

[not sure of your point]

But lets show some sympathy to buyers who bought last year. With escalating rents, some had little choice but to get a roof over their head, now they are paying the price for others greed and stupidity.

In some cases, I agree, but not so much in Singapore.  In places like London, people had been saying for years that prices are crazy and I can imagine that prospective home-buyers started to despair of them ever coming back down to earth.  In Singapore though, the craze lasted little over a year, so they should have a been a little more patient.

You think Singapore is over or under valued compared to London.

For me it is way over.  Mistake people here make is comparing Singapore GDP to UK.  London GDP is 3x UK per capita, vastly higher than Singapore but prices are pretty equivalent (I mean condos not HDB).  Yes some Londoners live in HDB equivalents but still if you want to compare them Singapore prices should halve (that ignores tax rates which would mean a bigger difference).

No point anyway.  The Singapore is special brigade will come out.  Anyway anyone want to buy a 4 bed house with garden in N10, worth about the same as a one bed flat at the Sail.......  Go figure that as value for money.

[Food-for-thought]

...

Anyway anyone want to buy a 4 bed house with garden in N10, worth about the same as a one bed flat at the Sail.......  Go figure that as value for money.

{unquote]

[The bears]

Based on latest transactions reposted by URA Quite obvious that Sail prices are trending upwards.

Not only The Sail, even Parc Emily's in Dist 9 prices are going up.

MOUNT EMILY ROAD Condominium 705,000 549 1,284 Aug-08
PARC EMILY MOUNT EMILY ROAD Condominium 745,000 603 1,236 Jul-08
PARC EMILY MOUNT EMILY ROAD Condominium 1,238,000 1,001 1,237 Jul-08
PARC EMILY MOUNT EMILY ROAD Condominium 1,078,000 980 1,101 Jul-08
PARC EMILY MOUNT EMILY ROAD Condominium 1,180,000 1,001 1,179 Jul-08

have been dormant for close to 4 years now. Looking at some transactions, the prices are not really coming down. The latest few transactions for The Sail and the projects above are just examples of buying interests. It's a breather market.