| | SG Properties prices going up? | |
|
+4katherinechiok Technospaz Lamts18 Khorkar 8 posters | Author | Message |
---|
Khorkar Incredibly Active Golfer
Posts : 2978 Join date : 2009-06-19 Age : 49 Location : Sinkapoh
| Subject: SG Properties prices going up? Wed Jun 24, 2009 11:12 pm | |
| Was reading ST that properties prices going up again. Seow ah, it bare come down, now it is going up again. Wah liao. | |
| | | Lamts18 Incredibly Active Golfer
Posts : 2514 Join date : 2009-06-19 Location : Singapore
| Subject: Re: SG Properties prices going up? Wed Jun 24, 2009 11:14 pm | |
| Herd instinct.... be careful.... we are still in a storm.... stay cheerful and play more golf.. active lifestyle.... | |
| | | Technospaz Advisor
Posts : 15668 Join date : 2009-06-18 Age : 48 Location : Typically OOB
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 12:22 am | |
| What's driving it up? Economy is still in a sorry state (at least the global economy). I think it's just temporary, and will drop again. | |
| | | Khorkar Incredibly Active Golfer
Posts : 2978 Join date : 2009-06-19 Age : 49 Location : Sinkapoh
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 12:26 am | |
| Largely driven by private properties. Nevertheless, the recent turn is the dip in HDB pricing, in fact, the evaluation has gone up. I too are puzzled...
May be it is psychological news churned up by property agents or even push by new and more expensive HDBs. | |
| | | katherinechiok Course Marshal
Posts : 1271 Join date : 2009-06-17 Location : In a bunker.
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 12:47 am | |
| heng i no money to consider getting any property. only in RC i'm loaded. hahaha.. i will wait till i'm 35 then get HDB FLAT. | |
| | | missmoon Greens Committee Member
Posts : 4006 Join date : 2009-06-17 Age : 79 Location : LaLa Land~
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 12:48 am | |
| - katherinechiok wrote:
- heng i no money to consider getting any property. only in RC i'm loaded. hahaha..
i will wait till i'm 35 then get HDB FLAT. when you are 35?? TEN YEARS LATER lei.. still a long way to go man... | |
| | | katherinechiok Course Marshal
Posts : 1271 Join date : 2009-06-17 Location : In a bunker.
| | | | nientsu Caddy
Posts : 3295 Join date : 2009-06-18 Age : 49 Location : Singapore
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 7:59 am | |
| 10 years meh.....don look like leh.....
hmmmm....i might be wrong... | |
| | | siaw8 Very Active Golfer
Posts : 945 Join date : 2009-06-19 Age : 44
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 9:40 am | |
| IMO, prices of private condo in the more centralized area is unlikely to go much below the SGD 1000 psf benchmark. Reasons - 1)Private condo's pricing are supported by the HDB pricing and the HDB pricing is fixed by the govt whom is unlikely to reduce the pricing to prevent the majority of the population going into the negative equity territory. Thus, if HDBs in suburb area are transacted at 400-500 psf, suburb condos will naturally be priced at the 600 - 800 with centralized located ones at the 1000 min. 2) The breakeven cost of most of the new projects are rather high. Just to put things in perspective, most of the lands over the last few years were acquired at the price of SGD 400 - 800 psf depending on the location. Thus, if you add another 100-200 psf of construction cost, the breakeven cost for most project is at the range of SGD 500 - 1000 range. Thus, unless the developers are willing to suffer a loss, they are unlikely to price the condos much lower which i dun think they will as most of them are very well supported by the banks and significant reserves built up over the couple of years. Of coz, there are some kuching kurak developers who are under tremendous stress from the bankers to sell their projects but as you may see, there are few and far in between. 3) Singaporeans are very cash rich from the boom over the last few years from the en-blocs sales and the influx of foreigners who have bought housing in Singapore at a super inflated price. These group of people are the ones that have been snapping up the condos recently. In additional, many foreigners still perceive Singapore as a good place to live and to bring up their kids, ie Jet Li and thus are waiting to buy a housing to set up a family here. 4) the recent stock market has improved sentimental tremendously and many companies have taken the opportunity to raise money equity. This is turn makes banks more comfortable with the companies and as a result more willing to lend money. This upturn in market might just prove to be what is required to stop the rot as companies now have a warchest to acquire under valued assets or expand their business. This will trigger a multiplier effect. Thus unless there comes another shocking episode like the Lehman and Bears last year, i dun think the economy will worsen. Most probably, we will see a U shape recovery from here.
In short, i personally dun think prices will fall much, but similarly i wun bet on it going up much. however, the pricing for the one devonshire is crazy!! 1800psf!!! | |
| | | Technospaz Advisor
Posts : 15668 Join date : 2009-06-18 Age : 48 Location : Typically OOB
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 1:25 pm | |
| siaw8, can use paragraphs or not? I've lost my ability to follow your post after the first 2 lines | |
| | | X-Man Senior Golfer
Posts : 402 Join date : 2009-06-17 Location : Singapore
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 2:43 pm | |
| - siaw8 wrote:
- IMO, prices of private condo in the more centralized area is unlikely to go much below the SGD 1000 psf benchmark.
Reasons -
1) Private condo's pricing are supported by the HDB pricing and the HDB pricing is fixed by the govt whom is unlikely to reduce the pricing to prevent the majority of the population going into the negative equity territory.
Thus, if HDBs in suburb area are transacted at 400-500 psf, suburb condos will naturally be priced at the 600 - 800 with centralized located ones at the 1000 min.
2) The breakeven cost of most of the new projects are rather high. Just to put things in perspective, most of the lands over the last few years were acquired at the price of SGD 400 - 800 psf depending on the location.
Thus, if you add another 100-200 psf of construction cost, the breakeven cost for most project is at the range of SGD 500 - 1000 range.
Thus, unless the developers are willing to suffer a loss, they are unlikely to price the condos much lower which i dun think they will as most of them are very well supported by the banks and significant reserves built up over the couple of years.
Of coz, there are some kuching kurak developers who are under tremendous stress from the bankers to sell their projects but as you may see, there are few and far in between.
3) Singaporeans are very cash rich from the boom over the last few years from the en-blocs sales and the influx of foreigners who have bought housing in Singapore at a super inflated price.
These group of people are the ones that have been snapping up the condos recently. In additional, many foreigners still perceive Singapore as a good place to live and to bring up their kids, ie Jet Li and thus are waiting to buy a housing to set up a family here.
4) The recent stock market has improved sentimental tremendously and many companies have taken the opportunity to raise money equity. This is turn makes banks more comfortable with the companies and as a result more willing to lend money.
This upturn in market might just prove to be what is required to stop the rot as companies now have a war chest to acquire under valued assets or expand their business. This will trigger a multiplier effect.
Thus unless there comes another shocking episode like the Lehman and Bears last year, i dun think the economy will worsen. Most probably, we will see a U shape recovery from here.
In short, I personally dun think prices will fall much, but similarly I won't bet on it going up much. However, the pricing for the One Devonshire is crazy!! 1800psf!!! | |
| | | Technospaz Advisor
Posts : 15668 Join date : 2009-06-18 Age : 48 Location : Typically OOB
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 2:43 pm | |
| LOL! Thanks | |
| | | X-Man Senior Golfer
Posts : 402 Join date : 2009-06-17 Location : Singapore
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 2:48 pm | |
| - Technospaz wrote:
- LOL! Thanks
Heh... you're welcome.... Cheers | |
| | | siaw8 Very Active Golfer
Posts : 945 Join date : 2009-06-19 Age : 44
| Subject: Re: SG Properties prices going up? Thu Jun 25, 2009 4:39 pm | |
| | |
| | | Sponsored content
| Subject: Re: SG Properties prices going up? | |
| |
| | | | SG Properties prices going up? | |
|
Similar topics | |
|
| Permissions in this forum: | You cannot reply to topics in this forum
| |
| |
| Highlights |
Total Donation till date to Autism Association (SG): S$46,285
|
Latest topics | » Nelly Korda Dominating the LPGA Tour! by tonyj5 Mon Apr 08, 2024 12:42 pm
» My Top 40 LPGA Player of the Year Predictions for 2024 by tonyj5 Thu Feb 22, 2024 6:33 am
» 2024 LPGA Priority List by tonyj5 Sat Jan 13, 2024 1:55 am
» I miss all of you! by Tian Sat Jan 06, 2024 8:05 pm
» Summing Up the 2023 LPGA Season by tonyj5 Sat Nov 25, 2023 3:08 pm
» LPGA Surprises & Disappointments - 2023 by tonyj5 Thu Sep 28, 2023 1:59 pm
» So You Think You Know the LPGA? by tonyj5 Sat Jul 22, 2023 12:56 pm
» LPGA Reshuffles 2023 Priority List by tonyj5 Fri May 26, 2023 12:30 am
» My Top 40 LPGA Player of the Year Predictions for 2023 by tonyj5 Fri Feb 24, 2023 4:01 am
» 2023 LPGA Priority List by tonyj5 Thu Jan 19, 2023 2:30 pm
» 2022: A Year to Remember in Women's Golf by tonyj5 Thu Dec 08, 2022 12:18 am
» Newbie Group by Golfiekid Mon Oct 10, 2022 11:19 am
» NSRCC Member List by Golfiekid Mon Oct 10, 2022 11:15 am
» As the LPGA World Turns - September 2022 by tonyj5 Sat Sep 24, 2022 12:42 am
» LPGA Player Profile: Brooke Henderson by tonyj5 Sun Aug 21, 2022 2:35 am
» 2022 LPGA Mid Season Rookie Report Card by tonyj5 Fri Jul 22, 2022 12:43 pm
» LPGA Surprises & Disappointments 2022 by tonyj5 Sat Apr 16, 2022 12:32 am
» Are the 2022 LPGA Rookies the Best Ever? by tonyj5 Sat Feb 05, 2022 12:44 am
» 2022 LPGA Priority List by tonyj5 Fri Jan 21, 2022 12:39 am
» OCC term member by h71y6 Tue Jan 04, 2022 8:48 pm
» OCC MGK Whatsapp Group by h71y6 Tue Jan 04, 2022 8:47 pm
» my golf kaki - Whatsapp group chat by h71y6 Tue Jan 04, 2022 8:46 pm
» handicap 20 golfer, OCC weekday term member looking for games by h71y6 Tue Jan 04, 2022 8:43 pm
» 2021: The LPGA Comes Roaring Back! by tonyj5 Sat Nov 27, 2021 12:07 am
» LPGA Tour 2021 - Surprises & Disappointments by tonyj5 Sat Jul 31, 2021 2:05 pm
» As the LPGA World Turns - June 2021 by tonyj5 Wed Jun 16, 2021 12:35 pm
» 2021 U.S. Women's Open Preview by tonyj5 Tue Jun 01, 2021 2:19 pm
» Are the Kordas Golf's Best Sister Act Ever? by tonyj5 Wed Mar 03, 2021 3:36 am
» How Good are the 2021 LPGA Rookies? by tonyj5 Wed Feb 24, 2021 2:19 pm
» 2021 LPGA Priority List by tonyj5 Mon Jan 18, 2021 12:29 pm
» What range do you usually go? by iron eagle Fri Dec 11, 2020 3:26 pm
» Youtube videos by rkangrah Wed Dec 09, 2020 5:17 pm
» 2020 U.S. Women's Open Preview by tonyj5 Wed Dec 09, 2020 2:07 pm
» Rolex Rankings Movers of the Year by tonyj5 Sat Oct 17, 2020 1:30 pm
» Ten LPGA Tournaments are in the Books by tonyj5 Wed Sep 16, 2020 2:02 pm
» As the LPGA World Turns by tonyj5 Tue Aug 11, 2020 2:11 pm
» LPGA to Restart Season at Invernes Club! by tonyj5 Thu Jun 18, 2020 12:04 pm
» LPGA to Resume its Schedule in Ohio by tonyj5 Fri May 29, 2020 3:47 pm
» LPGA Player Profile: So Yeon Ryu by tonyj5 Thu Mar 26, 2020 9:35 am
» How Big an Impact Will the Coronavirus Have on the LPGA? by tonyj5 Mon Mar 23, 2020 3:48 pm
» New Seletar Golf Course by youming Tue Feb 18, 2020 11:27 pm
» Who Will Qualify for the 2020 Women's Olympic Golf Team? by tonyj5 Thu Jan 30, 2020 1:19 pm
» My Top 40 LPGA Player of the Year Predictions by tonyj5 Tue Jan 14, 2020 3:17 pm
» How Good are the 2020 LPGA Rookies? by tonyj5 Sat Jan 04, 2020 12:54 pm
» 2019 LPGA Season - By the Numbers by tonyj5 Sat Dec 21, 2019 1:38 pm
|
|