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Vulcanl
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« Reply #225 on: 26 May 2010, 0:26:48 am » |
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Kubes,
You've still been wrong on just about ALL of your calls on the property sector.
And you will be wrong again.
All I ask is that you be a man about it and admit it in early Jan 2011
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« Reply #225 on: 26 May 2010, 0:26:48 am » |
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aw
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« Reply #226 on: 26 May 2010, 1:47:45 am » |
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Actually, Kubes was right about property prices falling more than 20% in 2008 - so not true all his calls on property was wrong
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History
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« Reply #227 on: 26 May 2010, 7:56:34 am » |
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Historically (I like history) the Singapore property market has fallen due a combination of 2 factors. 1) Some significant external shock to the economy (Asian Crisis, SARS, Global Financial Crisis) and 2) Government intervention. It just happens that we have had financial crises at times when prices have risen sharply (1997, 2007 - perhaps not a coincidence) and when the government has intervened. As it turns out the goverm,ent measures of 97 and 07 were probably unnecessary as the market would have corrected anyway.
So, if prices rise dramatically again, then they will doubtless fall when there is another shock, or in the absence of such a shock, when the government acts to control prices. If you look at the history of control measures, the government does seem to have learnt from the mistakes of 97, when it was using very big sticks (capital gains tax), and now tends to favour less dramatic measures (removal of DPS, changing max loan amts etc).
What I would hope it that we get to a situation where prices continue to rise, but at a much slower rate and the world doesn't get kicked in the stomach by the situation in Europe
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OhSo
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« Reply #228 on: 26 May 2010, 7:58:39 am » |
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Actually, Kubes was right about property prices falling more than 20% in 2008 - so not true all his calls on property was wrong
He was right, but more by luck than judgement. Did he forsee the entire global financial meltdown? |
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I suspect
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« Reply #229 on: 26 May 2010, 9:07:17 am » |
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another surge in property price... The government just "encourage" companies to offer a pay raise to employees. Singaporeans are going to "feel rich" and want to upgrade (even if the increment is $50).
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Kubes.SG
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« Reply #230 on: 26 May 2010, 13:21:36 pm » |
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Kubes,
You've still been wrong on just about ALL of your calls on the property sector.
And you will be wrong again.
All I ask is that you be a man about it and admit it in early Jan 2011
V: I have made two predictions. First one was in Dec 2007 still before the peak of the SG prime property bubble that prices would drop by at least 20% by April 2009. I was 100% correct - right down to the month and percentage. Around May 2009 I predicted that SG prime property price would be lower than the May09 levels by the end of 2010. It will be touch and go, but all the factors are starting to line up to make that happen. Lets see. I do worry a little that I am have been a quarter to two early. |
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The object in life is not to be on the side of the Majority, but to escape finding oneself in the ranks of the Insane.
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Agent007
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« Reply #231 on: 26 May 2010, 19:24:06 pm » |
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Wrong again.
Idiot.
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kettle black
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« Reply #232 on: 26 May 2010, 19:47:17 pm » |
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Wrong again.
Idiot.
Out of all the idiotic posts you have made, you should be the last one to call anyone that  |
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Kubes.SG
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« Reply #233 on: 26 May 2010, 22:38:26 pm » |
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I want to go away, but the boat has gone. What happened? Guess I am stuck here.
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The object in life is not to be on the side of the Majority, but to escape finding oneself in the ranks of the Insane.
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sAIL aWAY
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« Reply #234 on: 27 May 2010, 8:17:20 am » |
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The sail has made a bomb eh ? The amazing thing is that it doesnt stop. Everywhere you go in Asia you can see it advertised. No wonder its so popular with the foreign investors.
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redacted
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« Reply #235 on: 27 May 2010, 9:32:12 am » |
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How long has the sail been available for now? And they still need to advertise?
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TheWrathOfGrapes
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« Reply #236 on: 27 May 2010, 9:57:26 am » |
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I want to go away, but the boat has gone. What happened? Guess I am stuck here.
You may have missed The Sail boat. But there is still The Shore And the newer one on East Coast Road - The Sound But sounds like you prefer to be stuck, so maybe you should go to the shore along the east coast beach and get stuck in the slime that did not exist because the local papers did not publish the spills on their front pages. |
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sAIL aWAY
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« Reply #237 on: 27 May 2010, 10:05:36 am » |
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There is also the new Leisure Coast as well, but its some years off. The new East Coast MRT line will boost values. EC is not a bad place to buy and hold. The Sail as ever continues to perform well. Cant see any bubbles or crashes out this way myself.
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WDF
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« Reply #238 on: 29 May 2010, 1:43:16 am » |
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okie, okie.
Just to be on the safe side I ll buy 1 and sell 1 Sail property tomorrow.
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Up not down
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« Reply #239 on: 01 June 2010, 13:15:35 pm » |
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Kubes - I think the market is going to be higher at the end of 2011 than it is now and it's already higher than it was in May 2009. My own view is that the market cannot replicate the 30% annual increase we saw this past 12 months, grwoth will slow but it will not be negative.
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