Property Market Sentiments

[brattzz]

price is not right yet, so have to wait!

[greengiraffe]

Drawing from the AFC experience, it will result in plenty of structural pains especially when costs in Singapore are now so high and there are plenty of spare capacity around the globe that will pose stiff competition to various sectors within Singapore...

price is not right yet, so have to wait!

[opmi]

A lot of younger people haven't seen mortgagee sales and loans go negative equity.


Sent from my iPhone using Tapatalki

[cfa]

Finance Minister cannot be joking about his 2X statements , many are still in denial ?

[CityFarmer]

Will it be that soon in 2H2015, immediately after the interest-rate hike? I really doubt so. The easing will come, but not as soon as 2H2015, IMO...

Singapore may ease property curbs in 2H2015, says UBS

SINGAPORE (Nov 28): Singapore may ease restrictions on the property market in the second half of 2015 after the US Federal Reserve's first interest-rate hike in the second quarter, according to UBS.

"We think additional buyer and seller stamp duties could be cut or removed. We also think loan-to-value limits could be reviewed following a fall in property prices," UBS analysts wrote in a Singapore strategy report.

"We think this could serve as a catalyst for the developers, which are trading at an average 30% to 35% discount to RNAV, below long-term averages."
...
http://www.theedgemarkets.com/sg/article...5-says-ubs

[greengiraffe]

Not until post next GE... cause PAP badly needed it to turn the tide especially after they slowly put the damaged local systems such as property, transport etc, etc back on a healing process...

Will it be that soon in 2H2015, immediately after the interest-rate hike? I really doubt so. The easing will come, but not as soon as 2H2015, IMO...

Singapore may ease property curbs in 2H2015, says UBS

SINGAPORE (Nov 28): Singapore may ease restrictions on the property market in the second half of 2015 after the US Federal Reserve's first interest-rate hike in the second quarter, according to UBS.

"We think additional buyer and seller stamp duties could be cut or removed. We also think loan-to-value limits could be reviewed following a fall in property prices," UBS analysts wrote in a Singapore strategy report.

"We think this could serve as a catalyst for the developers, which are trading at an average 30% to 35% discount to RNAV, below long-term averages."
...
http://www.theedgemarkets.com/sg/article...5-says-ubs

[brattzz]

yes sir, 10 millions population is what is needed to keep singapore GDP GROWING and POWER ON!!

[piggo]

There are rumors flying about on early elections next year...

[Temperament]

We should know when there are a lot of "giveaways" to Singaporeans ; that's some where quite near. But don't forget the last time what most people said, "Give you a drumstick, will take back 2" or "Goodies enter your left pocket will leave by the right pocket" For the left hand doesn't knows what the right hand is doing.
'

[greengiraffe]

Oil price in biggest gain for two years
DOW JONES DECEMBER 02, 2014 7:45AM

US oil prices have posted their biggest one-day gain in two years as traders locked in profits on bearish bets following last week’s sell-off.

But many market watchers were sceptical the gains signalled that oil prices had reached their bottom, pointing to global supplies that continue to overwhelm demand.

Oil prices tumbled to multi-year lows after the Organisation of the Petroleum Exporting Countries decided on Thursday to maintain its production quotas, rather than agreeing to support prices by lowering its output target.

The group’s decision sent shock waves through financial markets that continued to be felt on yesterday. Shares of some US oil producers added to last week’s declines, highlighting concerns about these companies’ ability to operate expensive shale-oil fields amid plunging prices. Bonds of low-rated energy companies also sank, reflecting fears that some producers will default if prices fail to recover.

Many investors and analysts believe with OPEC on the sidelines it will take cutbacks by companies in the US and Canada to bring supply and demand in line and pull the market out of its swoon. That day may not come until deep into 2015 or beyond, some analysts say.

“The era of $US100 [a barrel] oil is over,” Citigroup said in a note. “Oil prices appear to be falling rapidly to — if they haven’t already reached — production costs.”

Overnight, light, sweet oil for January delivery shot up 4.3 per cent to $US69 a barrel from Friday’s close, recovering from a more-than five-year low below $US64 a barrel hit in overnight trading. It was the biggest one-day percentage gain for the US benchmark since August 2012. Brent futures, the international benchmark, gained 3.4 per cent to end at $US72.54 a barrel.

Investors said much of the activity was driven by traders closing out profitable bets on falling prices or opening positions that would protect them should the market rebound. Both the US benchmark and Brent slumped Thursday and Friday to fresh multi-year lows, posting two-day losses of about 10 per cent.

“Today’s a little bit more of a rebound from Friday’s plastering,” rather than a long-lasting change in direction, according to Kyle Cooper, analyst at IAF Advisors in Houston. “We got [to five-year lows] really quick, and it’s not an entirely bad thing to take some profits.”

Roland Austrup, chief executive of Integrated Managed Futures Corp, said his funds posted 6 per cent gains in November largely due to a bet that oil prices would fall. After last week’s sell-off, he kept his wagers on lower oil prices but used options to reduce losses in case prices rose.

“Anytime you get a big significant move like this, it’s prudent to hedge, “ Mr Austrup said. “It certainly doesn’t reflect a view that it’s over ... There’s no impetus for prices to go up.”

Volatility in the oil market has caught out some funds. Brevan Howard Asset Management plans to close its commodity hedge fund after the fund suffered heavy losses in energy markets in September, people familiar with the fund said Saturday.

The slump in oil prices is pressuring energy companies, and analysts and bankers expect a string of deal-making as highly levered companies become attractive for acquisition.

Halliburton is in the process of buying rival oil-service company Baker Hughes. Weatherford International on Monday said it agreed to sell its engineered-chemistry and drilling-fluids businesses to an affiliate of Berkshire Hathaway’s Lubrizol unit. Weatherford said it expects to use proceeds from the deal, which is expected to close before the end of the year, to pay down debt.

Some investors are looking for signs that slumping oil prices could spark higher demand, and US employment data on Friday will be a key indicator, according to Bob Yawger, director of the futures division at Mizuho Securities USA. Higher employment can spur more gasoline demand, as more commuters drive to work. The national average price of retail gasoline was $US2.77 a gallon Monday, down US50c from a year ago.

Upcoming macroeconomic reports “will be looked at as a demand indicator and the energy market will adjust itself accordingly,” Mr Yawger said.

But without action from OPEC, the market will remain oversupplied, said Barclays in a note. Barclays lowered its oil-price forecasts for this year and next after the OPEC meeting, as did BNP Paribas and Citigroup. Barclays now expects Brent prices to average $US72 a barrel next year, while BNP forecasts $US77 a barrel and Citi has called for $US80 a barrel.

“It will have to endure a volatile adjustment period while non-OPEC supply, demand and even some OPEC producers adjust,” analysts at Barclays said.