Fiona (and official Newspaper) say's its only beginning

[Fiona Sez]

Home prices fall after 4yrs

HDB resale flat prices still rising but at a slower pace.
By Fiona Chan

PRIVATE home prices in Singapore fell between July and September - the first time in over four years and after almost a year of deadlock between buyers and sellers in which home sales all but dried up.

Official estimates released by the Urban Redevelopment Authority (URA) on Thursday showed that overall prices of private residential properties slided 1.8 per cent in the third quarter, led by homes in the central region, which fell by about 2 per cent.

Suburban home prices, however, held steady with a marginal 0.1 per cent rise.

HDB resale flat prices are also still going strong, but at a slower pace. They rose 4.2 per cent in the third quarter, on top of a 4.5 per cent increase in the second quarter.

So far this year, private home prices have risen 2 per cent, while HDB resale prices have increased 13 per cent.

For the first time since 2006, the URA did not highlight the number of upcoming homes in the flash estimates, after concerns that the large headline supply figures would further dampen already gloomy sentiment.

Instead, the agency said housing supply statistics will be released along with the full set of third-quarter property data at the end of October.

The URA said early estimates showed the price index for private residential properties dropped to 174.3 points from 177.5 in the previous three-month period.

This is the first decline in the index since the first quarter of 2004, amid concerns over the global financial turmoil that has caused home sales to slump.

Private home sales in Singapore plummeted 81 per cent in August from a year ago, to the lowest level since March as a combination of global financial turmoil and the traditionally 'unlucky' Hungry Ghost month spooked buyers.

Poor demand and a looming housing glut are threatening to plunge the property market into a prolonged downturn, which could deal a blow to Singapore's top developers such as CapitaLand, CityDev and Keppel Land.

The advance estimates are compiled from transaction prices lodged during the first 10 weeks of the quarter as well as data from new apartments that have been booked.

The URA will release the official price index in four weeks.

[Why so negative]

Poor demand and a looming housing glut are threatening to plunge the property market into a prolonged downturn, which could deal a blow to Singapore's top developers such as CapitaLand, CityDev and Keppel Land.

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why she like that leh why trying to push below....she could have said despite all the turmoil prices only fell by 2%....

[Kubes.SG]

Poor demand and a looming housing glut are threatening to plunge the property market into a prolonged downturn, which could deal a blow to Singapore's top developers such as CapitaLand, CityDev and Keppel Land.

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why she like that leh why trying to push below....she could have said despite all the turmoil prices only fell by 2%....

I thought her article was quite upbeat and conservative actually, really underplaying the severity of the transaction volume collapse and the global economic climate.

[casper friendly ghost]

Home prices fall after 4yrs

Private home sales in Singapore plummeted 81 per cent in August from a year ago, to the lowest level since March as a combination of global financial turmoil and the traditionally 'unlucky' Hungry Ghost month spooked buyers.

It was the unlucky month, next month will be back on track

[Same old Fiona]

Poor demand and a looming housing glut are threatening to plunge the property market into a prolonged downturn, which could deal a blow to Singapore's top developers such as CapitaLand, CityDev and Keppel Land.

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why she like that leh why trying to push below....she could have said despite all the turmoil prices only fell by 2%....

That is because like most bears here she has not been able to afford her first condo yet. So why not write negative stuff and try tompush down prices. She improved for a while after getting negative feedback but is back to the same old nonsense. One desperate bear.

[Undermining URA]

For the first time since 2006, the URA did not highlight the number of upcoming homes in the flash estimates, after concerns that the large headline supply figures would further dampen already gloomy sentiment.

I hope she has some facts on this, otherwise she is undermining  URA credibility by implying URA do certain things to influence market with bias.

[My Dear Fiona]

For the first time since 2006, the URA did not highlight the number of upcoming homes in the flash estimates, after concerns that the large headline supply figures would further dampen already gloomy sentiment.

I hope she has some facts on this, otherwise she is undermining  URA credibility by implying URA do certain things to influence market with bias.

Fiona is a kamikaze reporter who is trying to climb up very fast. The more dramatic  the headline the faster her promotion.

[No matter what]

you say or do or inflame Fiona, she is a known entity and does not hide behind covers. State your name and identity card number you eunuch. You must have bought at high prices matey. Good luck to you. Residential property is set to fall.

[Pray harder mate]

you say or do or inflame Fiona, she is a known entity and does not hide behind covers. State your name and identity card number you eunuch. You must have bought at high prices matey. Good luck to you. Residential property is set to fall.

I inherited all my properties and all of them are fully paid. Pray harder next time so that you need not come to Singapore and slog so hard to make a living.

[:-)]

The replies by the angsty peak-buyers are getting more and more awkward. Next week we'll read "Oh yeah, well just you wait and see, soon you won't even be able to pick your dream condo because there will be way too many dream condos at rock-bottom prices to choose from. Hahaha, how tormented you will be, hahahaha!!!"

[inflame?]

you say or do or inflame Fiona, she is a known entity and does not hide behind covers.

How do you inflame Fiona?

More like Fiona might inflame my grande prik and make it VENTI.

[hey friend]

you have no cyber credibility. You have to stoop so low to such vulgarity. The whole Board is now aware of the troll and his mornonish behaviour. Using multiple nicks you try to give the impression that the Singapore property scene is bullish. Good try matey. There is not much that need to be said now. All my expat compatriots know.

[Confused matey]

you have no cyber credibility. You have to stoop so low to such vulgarity. The whole Board is now aware of the troll and his mornonish behaviour. Using multiple nicks you try to give the impression that the Singapore property scene is bullish. Good try matey. There is not much that need to be said now. All my expat compatriots know.

So big shit that all your expat compatriots know. Am I that important?

[here i come]

you lost money issit and wanna take on the whole world. Why so stoopidz  :Dand buy at BUBBLY peak prices in 2007 . Oh you feel pain. ouch ouch so painful because you so stoopid and pay so high. And you go on disturbing all expats here, matey.

[not the proper place]

Nah beh you all want to Talk C0CK and spam, go to condo singapore lah.  here for expat only!