property market in singapore still very strong

[Ehh buy now]

buy property now and have sleepless night. Just like the "resident" (mainly one person) who patrols this Board to talk up the market. He is not suffering in silence. He is announcing to the whole Board ... his pain 

[What a Dumbo]

mortgage back securities of IBs fail. Wealth is being wiped out. The IBs have had it too good for many years. Anecdotal evidences also point to decreasing net worth of many. All asset classes will be affected. Sg property will also not be spared. Those who bought and leveraged will have to unwind. The deleverging has still some way to go. Those who bought Sg property at heady and bubbly prices can only suffer in silence as tthey have no recourse. Some try to talk up the market. So funny or farnee  

WE are not that stupid to think that we can talk up the market in this small forum. Mine are all paid. I sleep very soundly every night with beautiful dreams. The ones worrying are like you who do not know if they will  ever be able to get their dream condo.  If I am going to be worried, then  all homeowners in Singapore should get worried including LKY over his Oxley Rd property.

[grin grin ... no]

no matter what you do or write about ... will not help the property market. It has to find a bottom which is not here yet. Be patient , prices will come off. DO NOT BUY YET.

[the STI breaks]

2500 broke. Sell property stocks. 

[Kaypo]

Sell on strength, buy on weakness. I'm waiting for that big crash. 

[shiver shiver shiver]

you will if you hold those highly priced sg property at high prices.

[Not Scared]

it will come >>>> the fall will come, as "investment banks" continue to fail. If you are in posession of yr mental faculties you wont buy.

Buy when everyone is scared like you. It is time to sell when you become bullish.

I sold when everyone was bullish but from what i have been reading so far, not everyone is scared yet.

[it is finished]

Property prices at these high levels are not sustainable. All those PRs and foreigners who bought at dizzy prices, in 2006/2007 will feel it or are shivering now. They will lose money. So expats do not buy now.

[well done]

I sold when everyone was bullish but from what i have been reading so far, not everyone is scared yet.

you showed good judgement. Everyone is scared its just they cant sell because there arent anny buyers.

The collapse of 2 banks today is just the beginning.

[all paper gains]

on that sg property you bought will be wiped out by the time this is all over. Listed property stocks get the drubbing again today. Just dump before that TOP comes and beat the rest to it. Else the outcome will be disastrous for you. SELL SELLLL SELLLLLL

 

[the FTSESTI is]

now down by 80 points 

[London Bridge]

is falling down, falling down , falling down

London Bridge is fally down my fair ....

or should i say Fullerton Bridge is falling down  os should i say

property prices will fall .......

[giggle giggle THE]

TROll is all over this Board, making defences. Only one poster. Same person.

[AND the demand for rental]

for rental property will come to a slow and dying end .... and as more Investment Banks fail and as Merill gets swalloooooowed up, there wil be redundancies galore. Rentals will come offf. The Troll will get his ass burnt.


SINGAPORE/SYDNEY, Sept 15 (Reuters) - Employees of Lehman Brothers in Asia were nervously waiting to hear their fate on Monday as the loss-making U.S. investment bank stared at potential collapse.

Asia, where Lehman employs about 3,000 staff excluding the India back office, has proved a sweet spot for the U.S. bank as it made inroads into new markets in the region.

'The situation is quite fluid. We haven't heard anything from New York,' a Lehman executive in Singapore, who asked not to be identified due to the sensitivitiy of the situation, told Reuters by telephone.

'I guess we'll have to wait for the marching orders.'

The Wall Street bank had expanded aggressively in Asia in the last two years, ramping up foreign exchange and investment banking operations in Singapore, Hong Kong and Mumbai.

It was also planning a bigger presence in China where it recently advised Aluminum Corp of China (Chinalco), which teamed up with Alcoa, on its $14 billion purchase of a stake in Rio Tinto.

For many employees, communication early on Monday was made more difficult because of a holiday in Hong Kong and Tokyo -- the bank's larger offices in Asia.

'Everyone is anxious about what is going to happen,' said another Lehman staffer in Singapore by telephone, adding management had circulated notes to staff last week in the face of growing employee concern and impatience.

At Lehman's Singapore office at the downtown Suntec Tower, only a trickle of staff arrived for work, dodging reporters' questions.

At a nearby coffee bar, two Lehman staffers said they had been called at 6.00 a.m. (2200 GMT Sunday) to be at work at 7.00 a.m.

Asked whether it was business as usual, a Lehman trader contacted by telephone told Reuters: 'What business is there? There's nothing to do. All I've heard is what's being reported on the news.'

[BIDEN]

On the contrary, developers(as usual caught up with the sentiments) will not build, and there will be a shortage, and rentals will naturally pick up and then developers( based on sentiments) will open their eyes again and then rush in to start building up again and the saga continues.