condon price to drop by 50% if interest rate reaches to 5%?

[dubai]

is a mirage

[dubai vs. spore]

housing prices crashed >50% in dubai since  end of 2008..whereas spore prices dropped..and come up again..1 how strange is that? we are in a great recession now across the world..the condo prices in spore should drop..it is a matter of time..let's see

[Blaze]

housing prices crashed >50% in dubai since  end of 2008..whereas spore prices dropped..and come up again..1 how strange is that? we are in a great recession now across the world..the condo prices in spore should drop..it is a matter of time..let's see

There's a lot of speculative activity in Singapore property, that's why prices shot up much more than the real economy. There might be a correction coming next year, but prices are always 'sticky' going down so it will take a while.

The same thing happened after 1997, there was a short peak before a slow painful decline that lasted 4 years. Of course we had sars (and now h1n1) and dotcom bubble. Now we have liquidity bubble which sounds more serious.

[was is]

Dont see a crash here cos its on the up, but lets wait and see then compare notes this time next year.

[Kubes.SG]

Dont see a crash here cos its on the up, but lets wait and see then compare notes this time next year.

was is can you please get your girl friend to explain the second shorter spike in SG property prices on this graph.  What caused it to go up, and what caused it to go down.  Some of us experienced ones, have seen how these bounces always happen.  Would be good to know why this time it is different.

[Vulcanl]

Kubes,

Your graph is only to July 08 - what gives?  Why not present the latest data available (that would be as of end Sep 09)?

[was is]

Looks like a mass exodus of the expats on that old outdated graph.

Anyway this time we still have lots of new expats arriving especially from London and companies hiring still so things are looking good at this end generally I would say despite the news this week.

Must admit, she has said that some of her friends in the know have expressed some concerns regarding the crisis in Dubai.

We'll be keeping our ear to the ground on this one and any hot 'inside' news I get from the financial circles I will most certainly put up here. In this game, you have to keep one step ahead of the rest and not let the grass grow under your feet.

Rome wasnt built in a day either though. I'll just sit tight until I get a feel for whats happening here this week as I think you will see some interesting movements on the markets come Thurday/Friday and she is not talking about the dow jones either.

meanwhile I will crack open another bottle of brandy and worry about it tomorrow..

[GDP]

Plot GDP on a similar graph from 1969 to Nov 2009. Interesting? Now what are proerty prices going to do in the next six months? Obvious lah!

Don't miss the boat.

[Was What]

You really think you are getting a massive influx of guy's coming in from London?  - dream on.

There are less coming in.

Even in my industry which has not been affected by the downturn this tim, Pharma, there are less expats each year.

Oil and Gas are finishing up their projects from the recent boom years - they are all off elsewhere or many I know over to Batam of all places

[Vulcanl]

Following on Kubes graph, here is the latest data from the URA website to Q3 2009:



The 2007 peak is clearly visible, as is the dramatic and unexpected rebound this year (JBA you are a star and have been proven correct, regardless of how annoyed some posters here were with you). 

If one is bullish about Asia's prospects it is not unreasonable to expect further upside to the property sector here, hence I find Was Is posts to be logical.

My only gripe is that any future increases are gradual and boring (in the low single digits % wise).  Huge upswings from here are not healthy or welcome.

[office vs. residential]

if spore's office rental came down 50+% comparing to prices of 12 months ago as reported today by newspaper here..what is the reason for condo prices to go up?

[Vulcanl]

*Speculation on the part of foreigners
*Cash/CPF loaded HDB dwellers squeezing their families into smaller overpriced units after more than a year of waiting for 'prices to come down'

[poi]

The population went up a lot during the last 3 years. The newcomers need a roof over their heads. The HDB was slow in coming up with new flats. Building costs also went up due to shortage of sand. With the rise in HDB resale prices, many owners cashed out and went into the condo market. Vulcan is one of them. In fact he should have hold on for another 6 months and get a better price. 

[was is]

All the young financial guys who have come out of Canary Wharf are heading to one of two places - Singapore or Zurich.  Singapore is the favourite for most young male expats ...for obvious reasons.

This is the place to be.

[Was is Who?]

Heading to Singapore for what jobs exactly?

How many are you talking about here - not enough to even come close to filling the gap from O&G and the other industries.

Fact is not many are coming now - even replacements are not taking place - suck it up and live with it