Buoyant property launches defy poor economy

[Not Agent]

But the agents tell me Caspian and Livia at 600 are stunning buys and I am an absolute moron to miss buying them now.

its following exactly the same trend as before. Condo prices collapse to HDB levels so HDBers upgrade and HDB prices collapse then they both spiral down more

[Koi]

Don't worry about the HDBs. A lot of PRCs and Indians are eyeing them.

[yes]

PRCs and Indians are flocking to Singapore now to join the unemployment lines

[dear bitter dude]

Dear Bitter Dude,

Sorry for the delay in replying to your post.  Sold 11 units this weekend (3 ang moh buyers too) so was quite busy. 

Good news is developers are all offering full 1% commissions and my company only takes a 10% cut so I am still in shock that I just made $96,000 in commissions in 3 days!!  Definitely happy to take you for that brunch you are looking for...I'm buying...

Hope things arent too bad in your industry these days.  Look forward to catching up soon.

Your friendly agent.

Dear Stupid Agent,

Can I sell you some Caspian units at only 900 psf? Since it is such a good deal, and the future is so bright, why don't you buy a couple? Guaranteed sure win one lah!

Oh by the way, I have some mini bonds, and guaranteed 7% fixed deposits, along with some BofA and Citi shares to sell. Want to buy them too since you are in a buying frame of mind?

We can meet for brunch at a five star hotel and take this forward. Can or not?

i love hearing all the lemming bears....

remember 1997?  imagine telling someone after the last financial crisis that they should buy now because the very high end will increase to $5000 per sq.ft. within 10 years.    they would have laughed and pointed at you like a lunatic. 

the fact is, the herd mentality rules singapore.  if you know real estate you know that money can be made at any time, in any market, it is just a matter of knowing what you are doing.  when the herd tells you that "Everyone knows prices are going to keep going down for 2-4 years" then you know that there are going to be some bargains.

And, to the moron who suggested that everyone should just put all their money in FDs, I truly hope you manage to convince a lot more people....by the time the majority of people think like you, it will be an even better time to buy LOL.

Loving every minute of it.

[Dear Bitter Agent]

Oh no need to worry about my industry dear, made a ton of money shorting SGX and assorted ASEAN shares, and sitting pretty.

By the way, the amount you mentioned below is a rounding error in my line of work, so be happy with the pocket change, chump.

Dear Bitter Dude,

Sorry for the delay in replying to your post.  Sold 11 units this weekend (3 ang moh buyers too) so was quite busy. 

Good news is developers are all offering full 1% commissions and my company only takes a 10% cut so I am still in shock that I just made $96,000 in commissions in 3 days!!  Definitely happy to take you for that brunch you are looking for...I'm buying...

Hope things arent too bad in your industry these days.  Look forward to catching up soon.

Your friendly agent.

Dear Stupid Agent,

Can I sell you some Caspian units at only 900 psf? Since it is such a good deal, and the future is so bright, why don't you buy a couple? Guaranteed sure win one lah!

Oh by the way, I have some mini bonds, and guaranteed 7% fixed deposits, along with some BofA and Citi shares to sell. Want to buy them too since you are in a buying frame of mind?

We can meet for brunch at a five star hotel and take this forward. Can or not?

i love hearing all the lemming bears....

remember 1997?  imagine telling someone after the last financial crisis that they should buy now because the very high end will increase to $5000 per sq.ft. within 10 years.    they would have laughed and pointed at you like a lunatic. 

the fact is, the herd mentality rules singapore.  if you know real estate you know that money can be made at any time, in any market, it is just a matter of knowing what you are doing.  when the herd tells you that "Everyone knows prices are going to keep going down for 2-4 years" then you know that there are going to be some bargains.

And, to the moron who suggested that everyone should just put all their money in FDs, I truly hope you manage to convince a lot more people....by the time the majority of people think like you, it will be an even better time to buy LOL.

Loving every minute of it.

[Time to wait]

"Dear Bitter Dude,

Sorry for the delay in replying to your post.  Sold 11 units this weekend (3 ang moh buyers too) so was quite busy.  

Good news is developers are all offering full 1% commissions and my company only takes a 10% cut so I am still in shock that I just made $96,000 in commissions in 3 days!!  Definitely happy to take you for that brunch you are looking for...I'm buying...

Hope things arent too bad in your industry these days.  Look forward to catching up soon.

Your friendly agent."

Another example that property is still over-priced in SG, when developers can still pay 96K for a job any refugee from Africa could do. I'm only sorry for those idiots who are buying now  

Time to wait.

[boo hoo]

hahahah - these small timer property agents... knowing how they think they are probably going out to put the downpayment on a Merc hahahahahah

[Good days are over]

PRCs and Indians are flocking to Singapore now to join the unemployment lines

PRCs and Indians are replacing the western expats. How sad. The honeymoon days for these Western rejects are over.Quickly make your last trip to Bali or Phuket before you pack up for good and sent back to your bankrupt homecountry.

[you guys are funny]

PRCs and Indians are flocking to Singapore now to join the unemployment lines

PRCs and Indians are replacing the western expats. How sad. The honeymoon days for these Western rejects are over.Quickly make your last trip to Bali or Phuket before you pack up for good and sent back to your bankrupt homecountry.

Typical bollocks repeated ad nauseum by jealous locals.  Where was the mention of pink slips

Look at it however you want, my company here has around 3,000 people.  Not a single western has been asked to return home and been replaced by an Indian or PRC.  They are coming in at graduate level (at the expense of Singaporean graduates I may add).

You also refer to rejects.  Well if Western rejects are needed to do jobs you don't have the skills for it is a pretty sad reflection on you really

[Real reject?]

PRCs and Indians are flocking to Singapore now to join the unemployment lines

PRCs and Indians are replacing the western expats. How sad. The honeymoon days for these Western rejects are over.Quickly make your last trip to Bali or Phuket before you pack up for good and sent back to your bankrupt homecountry.

Typical bollocks repeated ad nauseum by jealous locals.  Where was the mention of pink slips

Look at it however you want, my company here has around 3,000 people.  Not a single western has been asked to return home and been replaced by an Indian or PRC.  They are coming in at graduate level (at the expense of Singaporean graduates I may add).

You also refer to rejects.  Well if Western rejects are needed to do jobs you don't have the skills for it is a pretty sad reflection on you really

"Well if Western rejects are needed to do jobs you don't have the skills for it is a pretty sad reflection on you really "

That is because we do not have enough and not because we are not qualified. How to grow 7-8% every year with 3 million people. I am sure you are smart enough to realise unless you are a real reject.

[basic truths]

True, not enough talent in Singapore to serve the foreign companies that make up Singapore's lifeblood.  We leave = Singapore collapses.

So, your choice.  Deal with the ang mohs or revert to the kampong life your parents lived.

[you guys are funny]

PRCs and Indians are flocking to Singapore now to join the unemployment lines

PRCs and Indians are replacing the western expats. How sad. The honeymoon days for these Western rejects are over.Quickly make your last trip to Bali or Phuket before you pack up for good and sent back to your bankrupt homecountry.

Typical bollocks repeated ad nauseum by jealous locals.  Where was the mention of pink slips

Look at it however you want, my company here has around 3,000 people.  Not a single western has been asked to return home and been replaced by an Indian or PRC.  They are coming in at graduate level (at the expense of Singaporean graduates I may add).

You also refer to rejects.  Well if Western rejects are needed to do jobs you don't have the skills for it is a pretty sad reflection on you really

"Well if Western rejects are needed to do jobs you don't have the skills for it is a pretty sad reflection on you really "

That is because we do not have enough and not because we are not qualified. How to grow 7-8% every year with 3 million people. I am sure you are smart enough to realise unless you are a real reject.

Not because you are not qualified.  Really?  Strange how my dept (and parallel ones I am familiar with in other banks) have not had a single local running them in the time I have been here.  Surely you could rustle one up?

In reality it is both.  This  may change over time as locals move through the ranks but I'm sorry, in some areas you just do not have anyone qualified enough, yet.