Home prices may drop 15% this year: DBS CEO

[pianist]

The same can be said for the local stock market, there just isnt any earnings catalyst/story to make it come alive.
But between residential properties and the local stock market, i think the stock market will hold up better.
But having said that, I, for one is staying out of the local stock market, the ship have already left, there is not much meat left.

Good time to look elsewhere or just keep cash handy for the next opportunity that comes around. There is a time to invest and there's a time to do absolutely nothing.

无招也是招.。well said
inflation will seep in though

[Tiggerbee]

Many people are waiting for developers to cut prices, waiting waiting but developers still holding.

Developers more like waiting for each other. Sooner or later one.

Bingo. Look at HK as an example. Developers already slashed prices by 10-20% to move sales.

I'm expecting the weaker players to cut prices by mid 2014, especially the few who has not even achieve more than 20% sales after launching since Q1 2013.

[opmi]

Many people are waiting for developers to cut prices, waiting waiting but developers still holding.

Developers more like waiting for each other. Sooner or later one.

Bingo. Look at HK as an example. Developers already slashed prices by 10-20% to move sales.

I'm expecting the weaker players to cut prices by mid 2014, especially the few who has not even achieve more than 20% sales after launching since Q1 2013.

HK developers cut prices to move sales then raise prices back up again.
They can do that coz the supply not coming in yet. And HK Govt dont release so fast coz
no land to release. Now HK Gov still rezoning GIC (Govt, Institutions & Community) gov land to Resi. Very slow.

SG is selling GLS sites and launching BTOs. Big chunk of TOPs coming in 2014/2015. It is going to be even more buyers market.

>20% sales - Panorama by Wheelock??

[pianist]

Many people are waiting for developers to cut prices, waiting waiting but developers still holding.

Developers more like waiting for each other. Sooner or later one.

Bingo. Look at HK as an example. Developers already slashed prices by 10-20% to move sales.

I'm expecting the weaker players to cut prices by mid 2014, especially the few who has not even achieve more than 20% sales after launching since Q1 2013.

HK developers cut prices to move sales then raise prices back up again.
They can do that coz the supply not coming in yet. And HK Govt dont release so fast coz
no land to release. Now HK Gov still rezoning GIC (Govt, Institutions & Community) gov land to Resi. Very slow.

SG is selling GLS sites and launching BTOs. Big chunk of TOPs coming in 2014/2015. It is going to be even more buyers market.

>20% sales - Panorama by Wheelock??

that sounds like our sg govt is not doing a good job (for their millionaire dollars pay) to ensure a smooth soft landing

[opmi]

Many people are waiting for developers to cut prices, waiting waiting but developers still holding.

Developers more like waiting for each other. Sooner or later one.

Bingo. Look at HK as an example. Developers already slashed prices by 10-20% to move sales.

I'm expecting the weaker players to cut prices by mid 2014, especially the few who has not even achieve more than 20% sales after launching since Q1 2013.

HK developers cut prices to move sales then raise prices back up again.
They can do that coz the supply not coming in yet. And HK Govt dont release so fast coz
no land to release. Now HK Gov still rezoning GIC (Govt, Institutions & Community) gov land to Resi. Very slow.

SG is selling GLS sites and launching BTOs. Big chunk of TOPs coming in 2014/2015. It is going to be even more buyers market.

<20% sales - Panorama by Wheelock??

that sounds like our sg govt is not doing a good job (for their millionaire dollars pay) to ensure a smooth soft landing

[Tiggerbee]

Many people are waiting for developers to cut prices, waiting waiting but developers still holding.

Developers more like waiting for each other. Sooner or later one.

Bingo. Look at HK as an example. Developers already slashed prices by 10-20% to move sales.

I'm expecting the weaker players to cut prices by mid 2014, especially the few who has not even achieve more than 20% sales after launching since Q1 2013.

HK developers cut prices to move sales then raise prices back up again.
They can do that coz the supply not coming in yet. And HK Govt dont release so fast coz
no land to release. Now HK Gov still rezoning GIC (Govt, Institutions & Community) gov land to Resi. Very slow.

SG is selling GLS sites and launching BTOs. Big chunk of TOPs coming in 2014/2015. It is going to be even more buyers market.

>20% sales - Panorama by Wheelock??

One more criteria to add. Those developers with more than 50% gearing will be the first to cave in. FYI, Sino Land in HK had already pared down their land bank to about 1.5%. Their sister company in Singapore, Far East, has most likely also pared down to a low level (though we can't confirm since it's not listed).

If the big boys are not adding land bank, that already tell you something. They eat more salt than the amount of rice the smaller players eat.

[ValueBeliever]

If price cut it is not good for bank why so eager to make forecast of 15% drop? Bank high NPL protection of 1$ to $1.5 makes them the big winner. No wonder he wants price cut from developer. Margin of banks are hit badly because too many banks competing for housing loan that is shrinking due to gov curb. Market is flush with liquidity and the banks will want to milk it to the very last drop.

5yrs after GFC the banks are still making more money lending to infrastructure, housing and commercial trade lending.

Equity trade is dead. IPO very few and most Co. are interested in paying shldrs than investing for growth.

[BlueKelah]

If price cut it is not good for bank why so eager to make forecast of 15% drop? Bank high NPL protection of 1$ to $1.5 makes them the big winner. No wonder he wants price cut from developer. Margin of banks are hit badly because too many banks competing for housing loan that is shrinking due to gov curb. Market is flush with liquidity and the banks will want to milk it to the very last drop.

5yrs after GFC the banks are still making more money lending to infrastructure, housing and commercial trade lending.

Equity trade is dead. IPO very few and most Co. are interested in paying shldrs than investing for growth.

globally business is just not picking up. everything supposed to crash in 2009 and stay deflated but all the stimulus is now causing business to go sideways. Only assets are getting inflated by easy money.

Companies dont see much growth happening so they rather just payout shareholders.

thats why nowadays you keep hearing people talk more and more about yield..

[specuvestor]

Wealth effect restores confidence in aggregate demand. I don't think we need more confidence boosting in general at this time.

[chialc88]

At this time... yes, we don't need any...

I noticed that there is a strong mood swing now...

Two weeks ago, it was like so moody...

Last week (specifically after 10 Feb), there was a sudden jump of life...

Now, we don't need any booster...

Life is Great!

Love Compassion