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Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
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(25-01-2014, 08:56 AM)corydorus Wrote: Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
Not the first time. After govt give in, they never play ball.
Never see any developers cut prices and lelong like in HK.
Let a few developers die. To wake up their ideas.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(25-01-2014, 09:48 AM)opmi Wrote: (25-01-2014, 08:56 AM)corydorus Wrote: Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
Not the first time. After govt give in, they never play ball.
Never see any developers cut prices and lelong like in HK.
Let a few developers die. To wake up their ideas.
i don't think the developers can die so easily after so many layers of accumulated fats throughout the plentiful years. So are the fattened professional speculators. They may just hibernate like the snakes or bears in Winters' time.
Only the "retail investors" who may not have the deep pockets to ride through the coming tornadoes, may die.
"Nobody can predict the future but we all can always be prepared."
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Go check out the smaller listed developers that had launched projects in mid 2013 and has yet to achieved more than 20% sales, and their balance sheet. You will know which are the ones that are going to cut prices soon.
If they don't cut prices to move sales, they will realize that it's too late to take profit. Those that are over leveraged will be cutting prices soon. Well, they can still go for rights issue to lower their debts, provided the shareholders take the bait.
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Most of the developers are still holding the units prices, they maybe betting the curbs will be short-lived or there will be another wave of buying coming soon.
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RE: Top five developers to watch in 2014
some observations of SG developers
Net seller - CDL
Still playing -FCL solo, Oxley, Kingsford.
Backside itchy - Wheelock (AMK Panorama site)
Not playing - Ho Bee, Eastern Holdings, Fragrance,
Playing it safe via JV- Integrated developers aka former construction companies (LianBeng/KohBros/Heeton/HiapHoe)
Selective plays - Capitaland/Keppel
Stuck High End - Wing Tai, SC Global/Wheelock/OUE
Too much money - China Sonangol
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Isn't Ho Bee stuck high end?
how is the Sentosa Cove going on these days? Thought Ho bee still has hundreds of units unsold(wholly owned or within joint venture)?
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