Sing Property

[GET REAL!]

Jones Lang LaSalle released research last week...



JLL just released its 3Q11 Flash estimates for the Singapore Property Market. For the first time this up-cycle, residential rents have declined - first signs of a weakening residential market?

Residential Rents: 0 to -1.9%. FIRST DECLINE SEEEN IN THIS CYCLE. PRIME WEAK  * Residential Capital Value: 0 to +2%. Prime Flat; Growth Still In Non-Prime

UBS have also downgraded Singapore Property sector

[GET REAL!]

Oct. 3 (Bloomberg) -- Singapore’s private home prices rose
1.3 percent, the smallest gain in more than two years, the Urban
Redevelopment Authority said in a statement.
     The government agency’s private residential property index
climbed to 205.7 points in the third quarter from 203 points in
the previous three months, according to the statement. The
report is based on transactions in the first 10 weeks of the
quarter and a detailed report will be released four weeks later.

[Agent007]

Great news!

[Mahindra]

House prices are coming down, there are a few who will not budge though, and prefer to sit on them   mainly the Spanish. It has been said that this is just the start, and it will last for a few years yet before things start to pick up, not only in the property market, but other businesses too.

[afl]

Its not going down in asia.  Maybe in the west but not here.

[Agent007]

Its on the way down and expect a huge drop of at least 10% over the next six months.

It will be another great time to buy around Feb 2012.

[Kapitan Obvious]

Its not going down in asia.  Maybe in the west but not here.

Because everyone knows that property markets work on continental delineations... 

[Blaze]

Its not going down in asia.  Maybe in the west but not here.

We are not living in a vacuum. Housing prices going down 'in the west' will effect markets everywhere.

I've been looking for a place back in Europe and realised that nowadays we will get two units for the price of one unit we had in Singapore. One that we'll occupy ourselves and the other for steady rental income.

Investment is about doing the maths. Once international investors realise it's overpriced here, the correction will start.

[Kubess.g]

There are very good reasons why you can buy two places in Europe for the price of one here.

Obviously you are too stupid to see it.

[Blaze realises]

It is value for money.

Investment property in Canary Wharf for the price of a dog box here at 1 million Sing - no brainer

[kennel]

It is value for money.

Investment property in Canary Wharf for the price of a dog box here at 1 million Sing - no brainer

For SGD 1m you'll get a place of around 450-500 square feet in Canary Wharf. No brainer indeed.

[Agent007]

If you want to live at Canary Wharf you are a sicko.

Rather top myself.

[In the pink]

Promises, promises. 

[Blaze]

There are very good reasons why you can buy two places in Europe for the price of one here.

Obviously you are too stupid to see it.

Oh really.. Great to hear from someone, who has only been traveling to HK (for shopping and eating of course). Funny that you couldn't state any of your ' good reasons' however.

Let me give some reasons for the opposite: more value for money, better rental yield and more demand for rentals. Not like in Singapore where you end up having your unit empty for 6 months (and 10.000 empty units in the market as we speak...) And more attractions around the area, and this doesn't mean shopping and eating in case you missed it.

Now run along to your coffee shop and your Kopi-o, grown ups are talking here.

[LatinLover]

I've had various rental properties here over last 10 years, and none have ever been empty for more than a month. Chose carefully and as sensible rents and there has been no problem.

. The ignorance of the 'for the price of a shoebox here for the price of whatever elsewhere ' brigade does amuse me. Property here (as anywhere) is priced at whatever someone will pay for it. It's all about the return on the investment not how big or nice the place is.  If a dog box goes up on value and an idyllic country cottage does not, then (all other things bring equal) the dog box is the better investment.