Resale private home prices slide further as curbs bite

[CityFarmer]

Resale private home prices slide further as curbs bite

Resale prices of completed non-landed private homes in Singapore fell at a faster pace last month, with weakness across all categories as evidence builds that the Government’s efforts to cool the housing market are working.

The Singapore Residential Price Index fell 1.2 per cent to 159.1 points last month from a revised 0.9 per cent decline in September, the National University of Singapore said yesterday. Resale prices for homes in the central region fell 1.4 per cent last month, those for homes in the non-central region decreased 1 per cent, while prices of small units dropped 0.2 per cent.
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http://www.todayonline.com/business/resa...curbs-bite

[opmi]

More GLS supply pls.

Thumbs down if URA increase the proportion of reserve sites now.

[specuvestor]

And the reverse bullish psychology is happening now when some were decrying that the 7th or 8th measure is useless. The mentality of the herd is reversing.

IMHO it is futile to fight a determined govt. it is when govts are indecisive that Mr Market play punk

[valueinvestor]

Already up by more than 100% , now what is a retreat of few % ?

[opmi]

Already up by more than 100% , now what is a retreat of few % ?

Ya. For those bot in the beginning and never pyramid up.

For those bought with 80% ltv recently, 10% down mean half downpayment gone.

For those 50% ltv, won't die one.

[specuvestor]

and % return is asymmetrical. Down 50% means 100% upside wiped out. Not that I think it will be that bad. I think down 20% from peak in an orderly manner is already very good soft landing.

[Temperament]

Already up by more than 100% , now what is a retreat of few % ?

Ya. For those bot in the beginning and never pyramid up.

For those bought with 80% ltv recently, 10% down mean half downpayment gone.

For those 50% ltv, won't die one.

The really won't die are those who can service their mortgage loans come what may for many years. The better ones are those who don't have mortgage loan to service at all but collecting rent. And the best are the ones who don't depend on rent collection.
So it's the same investing in the stock markets. There are 3 main categories too.

[valueinvestor]

S'pore can fit 8 million by 2030: Expert

Saturday, Nov 30, 2013

SINGAPORE - Earlier this year, Singaporeans balked at the idea of having 6.9 million people on our tiny island. But some experts, including Dr Parag Khanna, Senior Fellow at the Singapore Institute of International Affairs, has said that Singapore can fit 8 million or more by 2030.

That is, if urban planning plays its part in spreading out the load.

"There is a much more physically devolved Singapore in which the towns play a much stronger role, in which there's much more local economic activity and vibrancy, in which everyone is not cramping down into Orchard or CBD every single day. And that Singapore can most certainly accommodate a couple million more people."

Dr Khanna was speaking at The Straits Times Global Outlook Forum on Friday.

Population aside, he said that Singapore is also on its way to becoming a leading info state, using technology to canvas information and public opinion.

"As part of the national conversation here, people were creating stories about certain towns and areas within Singapore, and even geo-coding their emotions through various iPhone apps. There are all sorts of ways to harness these technologies."

In an earlier dialogue, The Straits Times correspondents and economic experts discussed key issues affecting Asia, including increased tension between China, Japan and the United States after Beijing unilaterally established an air defence identification zone over the East China Sea.

Peh Shing Huei, deputy news editor, The Straits Times:

"For Beijing, having this air defence zone is an useful experiment to a certain extent. If this air defence zone over Diao Yu Dao or Senkaku, should pay off in terms of a weak response from the Americans, then that would very much embolden the Chinese government when it comes to Taiwan going forward.

But of course, as we have seen with the B-52 bombers, that experiment has kind of failed and um.. pretty much a miscalculation."

The Straits Times Global Outlook Forum is now in its second year. Minister for Law and Foreign Affairs K Shanmugam was the event's guest-of-honour.
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Today 07:54 PM

[opmi]

2030 is 1.5 property market cycle away.