Property Market Sentiments

It will be a great milestone that housing is for people if they truly hits 200K but i feel is an election gimmick. Mr Khaw already starts to cutback BTO if i understand correctly. So much for his resolve. Maybe they have no plan to up the population anymore.

(01-11-2014, 12:59 AM)corydorus Wrote: It will be a great milestone that housing is for people if they truly hits 200K but i feel is an election gimmick. Mr Khaw already starts to cutback BTO if i understand correctly. So much for his resolve. Maybe they have no plan to up the population anymore.

Hi,

This chart is posted by MND (Mr Khaw Blog) and cannot be wrong. Cutting back BTO will affect 3 to 4 years target and not the coming years.

(01-11-2014, 01:27 PM)Blancfable Wrote:

(01-11-2014, 12:59 AM)corydorus Wrote: It will be a great milestone that housing is for people if they truly hits 200K but i feel is an election gimmick. Mr Khaw already starts to cutback BTO if i understand correctly. So much for his resolve. Maybe they have no plan to up the population anymore.

Hi,

This chart is posted by MND (Mr Khaw Blog) and cannot be wrong. Cutting back BTO will affect 3 to 4 years target and not the coming years.

All the more must trust your own instinct... since like i always say, they created a problem, can't solve it, try to solve it and compound it...

No Eyes See
GG

Hi Blancfab,

You are right as these new charts are based on the number of BTO projects in construction. The only figure which may be affected is the 2017 figure. This is because there was a deliberate slowdown in BTO launches and thus did not meet the 25k target. It is likely, only 23k flats will be launched this year. So all in all, there is about 198k new units supply till 2017.

Moving away from figures, the Singapore private market is not very good in my view. While we do see moderate take up rate thus far, it is important to use another indicator which is to check "the no of lights lit up in new projects". This is because, it is likely many Singaporeans have bought second, third properties in recent times. It is not unusual to find many private strata units purchased by owners with a HDB address. My conjunction is that not many of such owners are upgraders but instead are "investors" who seek to get retirement income by buying a sec property on the premises 1) can rent out flat to get rental income or 2) ppty price will never fall what.

Again, as many here will know the local ppty market is neutral with many developers cutting price to move units. The most recent is lake life (BBR and OKP) who are selling units at $857. Furthermore, given that Chinese developers are coming in, our local developers will find it hard to extract the 20-30% profit margin they once enjoyed. This explains why so many have branched overseas with the stubbon few (Sing Holdings) getting outbid by overseas developers in land bidding

(01-11-2014, 12:59 AM)corydorus Wrote: It will be a great milestone that housing is for people if they truly hits 200K but i feel is an election gimmick. Mr Khaw already starts to cutback BTO if i understand correctly. So much for his resolve. Maybe they have no plan to up the population anymore.

I think Khaw has achieved what he started to do vs his predecessor. Credit where credit is due. I think his resolve is in tact

It is roughly right to trim down on the BTO supply "scare" at this point.

Typical bias property talk.

(01-11-2014, 09:17 PM)Ray168 Wrote: Typical bias property talk.

And people only hear what they want to hear. Especially those who have vested interests.

those who have vested interests
aka Stakeholder

1. Buyer - waiting for price to bottom
2. Seller - got holding power and do mind waiting for the price to recover
3. Gov - wanted to develop Singapore to be a great and growing society
3. HDB - use new BTO to stablise property price
4. Conveyancing Lawyer, property valuer, property agent, contractor, SPH, propertyGuru, etc - need higher transaction volume to huat
5. Developer - more hype so that more buyer will come on board
6. Mortgage Bank - higher quality, higher value, higher volume property loans
7. tenants - more units/choices available, newer, lower price better
8. PR - (fill in the blank)
9. Upgrader - (fill in the blank)

Love Compassion

http://www.businesstimes.com.sg/life-cul...5-year-low

Prices of golf memberships at 5-year low
By
Ven Sreenivasanven@sph.com.sg
1044615666.jpg A combination of land lease renewal uncertainties and cooling enthusiasm for the game among the younger set has dampened demand for club memberships, thus depressing membership prices to their lowest levels in five years. ST PHOTO: SHAHRIYA YAHAYA
3 Nov5:50 AM
Singapore

A COMBINATION of land lease renewal uncertainties and cooling enthusiasm for the game among the younger set has dampened demand for club memberships, thus depressing membership prices to their lowest levels in five years. The BT Golf Index, which tracks the transferable open

http://www.businesstimes.com.sg/real-est...-purchases

Blackstone said to be in due diligence for bulk residential purchases
Paterson Suites and 21 Anderson bulk purchases expected to be effected through the sale of shares

By
Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT
BT_20141104_KRSALES4A_1349928.jpg Blackstone is said to be in talks to buy the balance 18 units in Paterson Suites (above) and the whole of 21 Anderson Royal Oak Residence. A bulk sale could be brewing at 111 Emerald Hill. PHOTO: THE STRAITS TIMES
4 Nov5:50 AM
Singapore

GLOBAL investment and advisory giant Blackstone is said to be keen on bulk purchases of high-end residential units in Singapore. It is understood to be doing due diligence for a potential acquisition of 18 four-bedroom apartments at Paterson Suites as well as an en bloc purchase