Merrill reduces Singapore to underweight

[Merrill Says]

Merrill expects residential prices to fall by 10% this year and 25% in 2009.

[so does everyone]

everyone agrees

[seller of condo]

25% is not unrealistic.  If anything I believe it to be too conservative.  My own estimations go closer to 40 maybe even 50%.

Only cash is king right now. There are too many properties but no buyers.

Nowhere is immune from this. 

As I keep saying - this is the BIG one.  One like we have never seen before.

[WTFF]

25% is not unrealistic.  If anything I believe it to be too conservative.  My own estimations go closer to 40 maybe even 50%.

Only cash is king right now. There are too many properties but no buyers.

Nowhere is immune from this. 

As I keep saying - this is the BIG one.  One like we have never seen before.

The only BIG one is the BIG TUMOUR in your head which has caused your brain to go haywire. Get it checked up.50% fall in prices will mean 80% of the expats will be gone and prices first reached in mid 90s. Singapore is not America/Europe. America/Europe  is on a gradual long term slide while Singapore is moving in the opposite direction. Even median prices in America has not declined more than 20% despite being in ground zero.

[EyeSpy]

Merrill expects residential prices to fall by 10% this year and 25% in 2009.

Who cares what Merrill thinks, they couldn't even keep their own company afloat!

[Even]

Given the recent history of Merrill i'm not sure i can really trust an opinion that comes from them anymore. Not only Merrill but all the so-called experts.

I do agree prices will go down, however, just not sure whether anybody can make such predictions about how much.

[The Man]

25% is not unrealistic.  If anything I believe it to be too conservative.  My own estimations go closer to 40 maybe even 50%.

Only cash is king right now. There are too many properties but no buyers.

Nowhere is immune from this. 

As I keep saying - this is the BIG one.  One like we have never seen before.

Seller of Condo,

Agreed, cash is king now. Keep your money e.g. in Europe and enjoy the good interest rates for at least a year now. Most of the countries have limitless or doubled account protection.

When you return to Singapore property, you will find that prices have decreased at least 20%. You only have to decide if you want to wait for one or two years...

Cheers

[CASH is king]

this may sound like a verse from an old broken gramophone but it is indeed KING. Woe to those who bought property at bubbly prices. The deleveraging continues and insittutions have to sell hard assets all over the world. Sg property prices will fall. Those at Manhattan, Queeens, Brooklyn are also falling. Also in London, Shanghai and etc ..

Hold on to your CASH for better buys. Akan Datang   Those who bought at peak prices must feel real stupid right now for chasing tulips  

[Cash is king]

this may sound like a verse from an old broken gramophone but it is indeed KING. Woe to those who bought property at bubbly prices. The deleveraging continues and insittutions have to sell hard assets all over the world. Sg property prices will fall. Those at Manhattan, Queeens, Brooklyn are also falling. Also in London, Shanghai and etc ..

Hold on to your CASH for better buys. Akan Datang   Those who bought at peak prices must feel real stupid right now for chasing tulips  

It is ok if you tell that to people with cash but what about you who has no cash? For you it should be "I am always a born loser"

[:)]

Cash is KING 

[seller of condo]

The writing is on the wall and I cashed in my chips...

Theres a difference between being loser and knowing the right thing to do in these scary times - and no need for name calling either. buddy

[Dr. Phil]

The smart property owner in Singapore will get whatever is available from a quick sale, buy USD or SGD and make good profits as GBP and EURO crash.

Empty property is like stock on shelves; its capital tied-up and not earning and if it isn't appreciating, its depreciating.

A 40% fall in Singapore property prices is the least that will happen and this will return us to prices 2 years ago. However if there is an added banking problem, we may see a fall +60%.

[seller of condo]

Yup, this is going to be worse than anything we have ever seen.

Prices will tank by 40%.  Maybe Dr Phil you are right, we could be looking at 60% price crashes.

If you can get anything for your condos, take it and be thankful.

Cash is very 'king' for the next 5 to 10 years.

[stop being an idiot]

25% is not unrealistic.  If anything I believe it to be too conservative.  My own estimations go closer to 40 maybe even 50%.

Only cash is king right now. There are too many properties but no buyers.

Nowhere is immune from this. 

As I keep saying - this is the BIG one.  One like we have never seen before.

The only BIG one is the BIG TUMOUR in your head which has caused your brain to go haywire. Get it checked up.50% fall in prices will mean 80% of the expats will be gone and prices first reached in mid 90s. Singapore is not America/Europe. America/Europe  is on a gradual long term slide while Singapore is moving in the opposite direction. Even median prices in America has not declined more than 20% despite being in ground zero.

Why would a 50% fall mean 80% of expats gone?

If for economic reasons then possibly (and I'm not discounting that), but purely because of property price fall as all you "pink slip" muppets keep posting is garbage.  Expats haven't multiplied by 5 in the last couple of years or so due to an irrational property market doubling.  Not everyone is going to leave because irrational bubble pops.

Total recession is another matter but that isn't what you lot keep posting.

[expats not coming]

Expats are not coming if the rental prices are sky high and schools are full to the hilt.

So I expect property prices to tank at least 35-50% in the next 3-4 months. If so, more expats might leave but there are always new ones coming but much less.

Remember, expats are not the ones renting, its Singaporeans who rent these places as well.

Everyone is entitled to their own opinion so don't flame others unless you have a grudge and you are tied up in property.