Property News Part II

[Now can]

you stop being an Ostrich and be in a state of denial and bury your head in the sand, just because you bought at 2007 peak prices or bought in 2005/2006 but see your investment gains slowly disappearing. It is a fact of life, that we are in a down cycle - get real ..... property prices will come off.

[-------]

I wouldn't believe any positive news DTZ sends out after retrenching so many agents. Last time I spoke to a DTZ agent, he was driving taxi that I took. Honestly.

Well the one quoted from DTZ is an EXPAT. You mean Expats will stoop so low?

[you mean...]

Well the one quoted from DTZ is an EXPAT. You mean Expats will stoop so low?
[/quote]

try to paint a rosey picture of their direct bread and butter....... hmmmmm...... let me think on that one for a while and get back to you.

[entrepreneur too]

tell me about it... my investors are getting cold feet, when they were all brash and gungho as early as six months back. I have little idea where my next source of funding will come from...

property scene will be heading downwards. Ask any local entrepreuner and he will tell you that he is bracing for tougher times. me included. The strong headwinds that emerging mkts will face as the US and europe slows, coupled with the pblms the Chinese have, spells challenging conditions in the next 12 to 24 months. Definitely we must be prepared for these tough times which Ministers are slowly preparing Singpaoreans for, in their speeches.
More will unfold.

[just curious]

What business field you're on?

[Why]

When America sneezes, the whole world catches a very bad cold.

Dow went down 240 points yesterday and look at the APAC markets today. STI (SGX) dropped 41 points....

AIG is in trouble along with Lehman.

Capitaland is now $4.19 from a high of $8.50, that's a >50% drop !

I know that Far East has stopped developing a massive development in Bukit Timah area and they are going to let it rot.

The stock market reflects the state of the economy and its bad news for propery investors.

It's so comforting to know that property prices will continue to fall..BIG.  I am eyeing a condo but will not budge until it falls to MY price.  So bearman, can I get something along meyer road at <$800 psf?

YOu should be able to get it for $80psf - just keep waiting.

the sarcasm?  I would be happy if I can get to buy The Sovereign at $3 million.

[ML report]

Published earlier this week.

Going along similar lines was Merrill Lynch (ML), whose knife analogy vis-a-vis the property sector isn't new but is nonetheless eye-catching.


'Our initial hopes for a property market recovery in 2H08 have disappeared given the way the macro environment panned out. Poor demand/ supply dynamics continue to weigh on the sector,' said ML in a Tuesday report, adding that it expects residential prices to fall 10 per cent in 2008 and 25 per cent in 2009. 'At the earliest, we believe the market will only stabilise in 2010...