New private home sales down by half

[mulyc]

honestly speaking, i dont think spore might be a soverign country after 50 years...so in terms of stocks and properties, better diversify out of spore as well...(just my personal thoughts)

that's a really radical idea. even if our country went bankrupt or required a bailout from (gosh can't imagine) the IMF, G8 or worse, any of our neighbours, i do not think our sovereignty will be compromised. at most we'll sell pedra branca to malaysia for a few billion $. but then its not something anyone can predict with certainty after all. just hope it wont happen. i'll be really sad if i live to see the day we gave up our independence.

[Temperament]

Stockerman Wrote: honestly speaking, i dont think spore might be a soverign country after 50 years...so in terms of stocks and properties, better diversify out of spore as well...(just my personal thoughts)

Which country? Offshore banking or what?

[shareinvestor1]

So 2008 property down is just a knee jerk reaction. There is no crash else the 2nd wave will bring it further. In another word, property has been on the up trend for 7 years since 2006.. 2 more years.. 1986-7 -> 1996-7 -> 2006-7..and next is 2016-7... One will see a final rally in 2016 after election. Then corruption, natural disaster, in fighting in PAP followed by a complete collapse of the ....

Yah if you watched the property crash in the late 80s, it is not funny at all. Even property cycle has got similar Wave theory. After the first wave of selling, people jump back in to buy thinking its cheap, then another wave spikes downwards and everyone is caught with their pants down and the buyers in the market suddenly disappear...

[mulyc]

So 2008 property down is just a knee jerk reaction. There is no crash else the 2nd wave will bring it further. In another word, property has been on the up trend for 7 years since 2006.. 2 more years.. 1986-7 -> 1996-7 -> 2006-7..and next is 2016-7... One will see a final rally in 2016 after election. Then corruption, natural disaster, in fighting in PAP followed by a complete collapse of the ....

Yah if you watched the property crash in the late 80s, it is not funny at all. Even property cycle has got similar Wave theory. After the first wave of selling, people jump back in to buy thinking its cheap, then another wave spikes downwards and everyone is caught with their pants down and the buyers in the market suddenly disappear...

Your forecast and timing might just be spot on!

It ties in really well with the notion that the ruling party will further lose its grip on power come 2016 due to anti-FT ground sentiment -> FTs leave en masse due to lack of opportunity -> rents fall drastically and buyers nowhere to be found while everyone trying to cash out -> SG property prices crash

On the other end of the spectrum, riling party negotiates negative sentiment well, resulting in resumption of power grip on electorate in 2016 -> continues march towards 6.9mil population in 2030 -> economy hums nicely for next 5yrs _> SG property prices stabilize

Hence, I do not see much of an upside buying property right now.