Fire sale in Singapore's property market coming?
-
Business // Thursday, September 18, 2008
Office space rents to fall with Lehman collapse
hahahahhahaha... three days after this thread comes out in sgforums...
-
newspaper or sgforums faster? hahahaha...
-
Originally posted by AndrewPKYap:
newspaper or sgforums faster? hahahaha...
sgfourms is faster, but the different is sgforums readers are mostly IMH graduate, whereas newspaper readers are more general. -
Barclays, Nomura Eye Lehman Units; Bond Arm May Die, FT Reports
By Alan Purkiss
Sept. 22 (Bloomberg) -- Sales of Lehman Brothers Holdings Inc.'s European equity-trading unit to Barclays Plc and of its corporate finance arm in the region to Nomura Holdings Inc. were getting closer last night, the Financial Times reported, citing unidentified people familiar with discussions.
Prospects of PricewaterhouseCoopers, Lehman's insolvency administrator in Europe, finding a buyer for the fixed-income business look poor, the newspaper said.
Agreements could secure the jobs of 800 to 1,500 employees in the equities unit and 800 in the corporate finance business, the FT added.
Last Updated: September 22, 2008 01:06 EDT
so what is happenig to Lehman Singapore.... damned despots, their official secrets act and assmedia....
-
price up also kao pei, price down also kao pei. Remind me never to retire..even if i do...find something meaningful to do.
-
Offices empty
Demand for high-end units eases, agents say rents likely to fall
Loh Chee Kong
WITH banks around the world falling like nine pins, it’s not surprising that demand for top-quality Singapore office space is easing off.
The estate agents are agreed: Rents have already peaked, and occupancy levels are falling — with rents likely to follow.
Business // Friday, October 3, 2008
Greedy Despots, pushed property prices up and now it is pay back time...
-
Will they engineer a "bail-out" for Capital Land and Temasek to make sure that their financial reports look good, using public money for the bail-out?
-
Push prices up and Singaporeans suffer directly or indirectly from the high rentals andwhen prices come down as they will, they do everything they can with public money to support their crony run companies.
Despots, they run the country, the people pay.
-
While they continue to pay themselves millions with public money....
-
private home and office property prices are definitely going down.
the only good news is that HDB prices are going to hold up, coz there are more downgraders and FT coming into lower tier HDB property.
-
Originally posted by reyes:
private home and office property prices are definitely going down.
the only good news is that HDB prices are going to hold up, coz there are more downgraders and FT coming into lower tier HDB property.
That's because they did not push up the normal HDB unit prices as it does not benefit them. When evaluating what they are doing, you have to ask yourself, how it benefits them instead of how it benefits the nation. Good thing there was the American sub prime crisis and they had to stop pushing up the high end property prices or we would be in a much worse position.
-
Sub-prime crisis possible in Singapore
AsiaOne, Singapore - Nov 6, 2008
When DPS was scrapped in October 2007, many industry watchers said it had come too late as sentiment in the Singapore property market had already started to ...Property market to soften
Straits Times, Singapore - 2 hours ago
By Michelle Tay PROPERTY prices are set to soften and demand will weaken as theSingapore economy slows down, Minister for National Development Mah Bow Tan ... -
Originally posted by AndrewPKYap:
Sub-prime crisis possible in Singapore
AsiaOne, Singapore - Nov 6, 2008
When DPS was scrapped in October 2007, many industry watchers said it had come too late as sentiment in the Singapore property market had already started to ...Property market to soften
Straits Times, Singapore - 2 hours ago
By Michelle Tay PROPERTY prices are set to soften and demand will weaken as theSingapore economy slows down, Minister for National Development Mah Bow Tan ...Damn, the ministers must get better advisors.
Now then come out and say property prices will soften.
-
Originally posted by charlize:
Damn, the ministers must get better advisors.
Now then come out and say property prices will soften.
They need time to sell of their own investments in the property market (reassuring the suckers to buy) then AFTER that, they will tell you... property prices will soften"
In 2006 I already called their bluff...
Originally posted by AndrewPKYap:..about the newspaper article.... you lied that it was a "letter to the press"; you are either stupid or lying and actually both because you are telling a stupid lie.
...anyway I am banned from writing for the papers ever since I became a columnist for the anti-PAP website and wrote using my real name:
Notice the date. Newspaper refused to publish it but I felt that it was too important not to publish it and as you can see... the reason why Singapore is suffering worse than necessary now is as stated in the article....
-
That building has already been sold lah! Please update yourself accordingly. -_-'
And it was sold before they collapsed.
-
New 5 room HDB is being sold at $600k to people whose household income is capped at $8k.
That translates to house price to income (annualised) ratio of 6.25. And we are talking about the maximum income group here.
In UK, the ratio was 5 in April 08 (latest peak).
Since then, property price there has dropped.
The ratio was 2.7 in 1970
Source: http://www.mortgageguideuk.co.uk/blog/uk-housing-market/long-term-forecasts-for-uk-housing-market/
-
Originally posted by ArtBoon:
New 5 room HDB is being sold at $600k to people whose household income is capped at $8k.
That translates to house price to income (annualised) ratio of 6.25. And we are talking about the maximum income group here.
In UK, the ratio was 5 in April 08 (latest peak).
Since then, property price there has dropped.
The ratio was 2.7 in 1970
Source: http://www.mortgageguideuk.co.uk/blog/uk-housing-market/long-term-forecasts-for-uk-housing-market/
..and if the ratio in Singapore drops to 2.7... ho ho ho... have yourself a very merry christmas...
I wonder how many people would be working for free (to pay for the losses in the purchase of their house)
altogether now... damned cursed....