Property News

[what trot]

it a matter of breeding old boy. AUS won more gold than athletes from England. Thats the point. If you want to add a few countries to bolster your team go ahead

[To kubes]

Did I ever even mention England?  I think I said 'Team GB' and as London is the capital of Great Britain, therefore, going by the Singaporean property logic, the value of my property must have increased.

[boo hoo]

i wonder if agents r making much money these days. Hope they weren't stupid enuff to buy to flip as well.

[to kubes]

I wondering if just maybe I have been too harsh and critical of what happens in Singapore, and not properly considered the benefits of the Singapore property developer/investor mindset to my Aust property/investment strategy?  So I am starting to do that.

So here are the reasons that my properties in Australia have a price tag of AU$1.0 billion each.  Australia has a F1 grand prix; Aust has many casinos and integrated resorts (the workers need to live somewhere);  the Aust population is growing fast at over 220K per year, mainly thru immigration; the Fed Govt has announced that Sydney will be a financial hub for Asia overtaking HK and Tokyo;  Australia won lots of Olympic medals, lots of Golds;  Aust has lots of giant things like the Big Banana, Big Merino, Big Prawns, as tourist attractions; Aust inflation rate is the highest in decades so property is a fantastic hedge;  Aust economy has been growing for the last 63 quarters straight so it will continue to grow for another 63;  Aust has very limited land where people want to live;  the Govt is so smart, they always know what to do.

So these are the reasons my Aust properties are priced at $1.0 billion each.  Life's good as I can hold untill the right buyers come along. And yet you are able to spend a lot of time on this forum???  Is the company wholly-owned by yourself?  Or your family?  If it is, you are no different from the other families with old money.  And if you are only a shareholder (albeit a substantial one), you do not therefore "own" these properties.  Also, if you were competent, they would have made you the CEO of the company, leaving you with little time to chat on this forum.  But you do seemed to have loads of free time on hand.  your stories just don't gel, at all.  Hmmm....i think you are living in a world of make-belief.

Let me try to understand your ppties valued at S$1.0 billion each.  For a start, for a ppty to be valued at $1 billion - it is definitely not a residential property...it is most probably a commercial ppty, an to have a office block, hotel, maybe.  For an individual to own all these ppties in his/her own capacity is most unlikely - most probably held by a company(ies).  Main source of income - rental? SO you are in the business of letting out commercial properties?  You must be a shareholder in the company (ies) that own the ppties.

[1234567]

I wondering if just maybe I have been too harsh and critical of what happens in Singapore, and not properly considered the benefits of the Singapore property developer/investor mindset to my Aust property/investment strategy?  So I am starting to do that.

So here are the reasons that my properties in Australia have a price tag of AU$1.0 billion each.  Australia has a F1 grand prix; Aust has many casinos and integrated resorts (the workers need to live somewhere);  the Aust population is growing fast at over 220K per year, mainly thru immigration; the Fed Govt has announced that Sydney will be a financial hub for Asia overtaking HK and Tokyo;  Australia won lots of Olympic medals, lots of Golds;  Aust has lots of giant things like the Big Banana, Big Merino, Big Prawns, as tourist attractions; Aust inflation rate is the highest in decades so property is a fantastic hedge;  Aust economy has been growing for the last 63 quarters straight so it will continue to grow for another 63;  Aust has very limited land where people want to live;  the Govt is so smart, they always know what to do.

So these are the reasons my Aust properties are priced at $1.0 billion each.  Life's good as I can hold untill the right buyers come along. And yet you are able to spend a lot of time on this forum???  Is the company wholly-owned by yourself?  Or your family?  If it is, you are no different from the other families with old money.  And if you are only a shareholder (albeit a substantial one), you do not therefore "own" these properties.  Also, if you were competent, they would have made you the CEO of the company, leaving you with little time to chat on this forum.  But you do seemed to have loads of free time on hand.  your stories just don't gel, at all.  Hmmm....i think you are living in a world of make-belief.

Let me try to understand your ppties valued at S$1.0 billion each.  For a start, for a ppty to be valued at $1 billion - it is definitely not a residential property...it is most probably a commercial ppty, an to have a office block, hotel, maybe.  For an individual to own all these ppties in his/her own capacity is most unlikely - most probably held by a company(ies).  Main source of income - rental? SO you are in the business of letting out commercial properties?  You must be a shareholder in the company (ies) that own the ppties.

That comment made by Kubes about owning 1 billion worth of properties was a tongue in cheek comment. He will hardly be worth  5 million when he dies.

[it sarcasm]

Kubes is being sarcastic. He is making fun of the property developers who say that prices wont fall because they set the prices which is a laughable joke.

The buyers and market affordability determine how much they are willing to pay. Thats why property stocks are dropping like flys. They are in for massive losses fuelled by greed and poor business planning and management.