Price correction -3 to -5 % this year

[Agent007]

Yawn

[the voice of reason]

Yeah Sure,

Are you REALLY sure you want to hold up Kubes as the expert on SG property? 

He's been wrong on just about every call! 

Indeed SG property is a sound investment at this time.  Demand is ample and solid, and supply is well-managed here (btw Kubes: what ever happened to that collapse that you had expected would take place by now due to all those DPS units coming online??!?!  )

Over the past few years I have seen countless 'expat' know-nothings spouting nonsense at every turn, coming up with every rationale in the Universe as to why SG property mkt will collapse.  It didn't during the worst financial crisis in a generation....and it won't now.

p.s.  Kubes:  You're still #1 in my book, man.  Peace,

V, you are getting as simple as Agent007 these days. SG property prices have collapsed many times, only thickos would think they can only go up.

Btw, Kubes was right on his latest call on property collapse. You on the other hand are so confused with your Asia booming theories... Japan is finished and China has a huge property bubble. Sure there are growing countries but SG situation is more like Japan than those developing nations.

And on the other thread you mentioned that SG property is overpriced and not value for money. Why on earth you say now it's a sound investment?    Get your s*** together man.

[what ever]

V

I didn't hold Kubes up as anything, I merely stated your respect for him is not mutual.

[Vulcanl]

voice of reason,

"...V, you are getting as simple as Agent007 these days..."

Anyone who has to resort to insults so early on has already lost the argument.  But this happens to be a very important topic for many so I will be generous and take it easy on you.  Don't test my patience, please

"...SG property prices have collapsed many times..."

Agreed...but this is a new era we live in.  Asia is stable and booming, and Singapore is a natural gateway to the East.  The fundamentals here are sound.  Although you may find it hard to believe this is a desirable place to be for many

"...Btw, Kubes was right on his latest call on property collapse..."

What property collapse, exactly?  Do you even know when Kubes made this call?

"...You on the other hand are so confused with your Asia booming theories..."

I am not the one who is confused.  Please read my 'Asia has decoupled....' thread for all relevant details.  I am very happy the way my own expectations for Asia have panned out since the GFC of 2008

"...Japan is finished..."

I agree, Thankfully Japan is the LONE exception in Asia

"...and China has a huge property bubble..."

Maybe, maybe not.  China also has massive reserves and a government that has proven time and again they are willing to do whatever is necessary to mitigate any ill effects.  Outside of property the rest of the economy is 'real.'

"...Sure there are growing countries but SG situation is more like Japan than those developing nations..."

Not even close.

"...And on the other thread you mentioned that SG property is overpriced and not value for money. Why on earth you say now it's a sound investment?     Get your s*** together man..."

You are distorting what I have said.  What I have stated is that next to automobiles private condos are the worst value for your money to be had here.  This being the case, it has not arrested the undeniable strong performance of the private residential property sector (in particular the high end)  thus far this year.  I don't make the rules, merely pointing out the obvious.

HDB is the best value for your money, and time and again it has proven to be a great asset for the average Singaporean

[Vulcanl]

Kubes,

"...I didn't hold Kubes up as anything, I merely stated your respect for him is not mutual...."

No worries mate.  I LOVE YOU anyway!

[Good Grief]

 

"Anyone who has to resort to insults so early on has already lost the argument.  But this happens to be a very important topic for many so I will be generous and take it easy on you."

Thank you, we appreciate your generosity.

"Don't test my patience, please"

Or what ?

Mister, you are a complete TOSSER !! I bet you were bullied as a child ?

[asian crisis?]

voice of reason,


Agreed...but this is a new era we live in.  Asia is stable and booming, and Singapore is a natural gateway to the East.  The fundamentals here are sound.  Although you may find it hard to believe this is a desirable place to be for many

Ohhh -----  so you're saying "It's different this time......" 

[pink dollar]

Kubes,

"...I didn't hold Kubes up as anything, I merely stated your respect for him is not mutual...."

No worries mate.  I LOVE YOU anyway!

Can you two stop bragging about your relationship and go back to your pink hotel.

[Vulcanl]

"...Ohhh -----  so you're saying "It's different this time......"

Indeed, this is precisely what I am stating - a once-in-a-lifetime, paradigm-shift type event

[asian crisis?]

Do a google for the phrase 'It's different this time" and see how many books about booms and recessions have been published with this title.  When people say this phrase it usually means that the house of cards is about to collapse.

[Vulcanl]

I don''t disagree with the spirit of your post. 

On this particular issue, however (namely Asian decoupling and attendant potential macro changes) I have spent a great deal of time, and after exhaustive study have concluded that Asian prospects are excellent and that rising tide will 'lift all boats' so to speak.

Have a look at this thread: 

http://www.expatsingapore.com/forum/index.php/topic,48388.120.html

It nicely encapsulates the mood of many here at the time...some people were scared to the bone!  In retrospect early 2009 was an excellent time to purchase property here.   

There will be ups and downs but I just don't see a real estate collapse here.

[err doubt it]

That link nicely encapsulates vulcans view and nobody elses.

Stop referencing yourself as though it is some sort of reviewed academic paper.

[$Pripps]

That link nicely encapsulates vulcans view and nobody elses.

Stop referencing yourself as though it is some sort of reviewed academic paper.

Its only just a matter of time before he starts to refer to himself in third person

[Vulcanl]

err doubt it,

"...That link nicely encapsulates vulcans view and nobody elses.

Stop referencing yourself as though it is some sort of reviewed academic paper..."

You haven't even clicked on the link!! 

It was not one of 'my' threads! 

Talk about lazy!    

[Kubes.SG]

Kubes,

"...I didn't hold Kubes up as anything, I merely stated your respect for him is not mutual...."

No worries mate.  I LOVE YOU anyway!

Can you two stop bragging about your relationship and go back to your pink hotel.

He is a stalker.  It is not mutual.  I am not into the Brokeback business at all.