tag:blogger.com,1999:blog-3369913673706314365.post3363384667190474465..comments2023-08-29T15:46:12.709+08:00Comments on For Prudent Investors & Home Buyers: River Valley condo Luma relaunches with prices halvedUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3369913673706314365.post-4785854465725790012008-11-17T11:36:00.000+08:002008-11-17T11:36:00.000+08:00Dear Smart Buyer,I love reading your blog. I thin...Dear Smart Buyer,<BR/><BR/>I love reading your blog. I think you have made many people wiser, more patient and less gullible. And this save their ass from working for the rest of their life paying for loans on overpriced property purchase (probably saved mine too!).<BR/><BR/>Anyway, just to share another price of news(below) from Japan on developers going bust leading to falling property prices.<BR/><BR/>I think we should look into financial health of some of our developers here. Have they screwed up in US, UK or elsewhere already? And which project/s are linked to them in Singapore?<BR/><BR/>Any expert in this field on this blog?<BR/><BR/><BR/>----------------------<BR/><BR/>Property prices in Japan fall as more real estate businesses go bust<BR/><BR/>SUNDAY, 16 NOVEMBER 2008<BR/><BR/>Property prices in Japan are continuing to fall in price with the retail sector particularly badly hit amid signs that developers are now struggling.<BR/><BR/>The latest monthly figures show total annual returns in the commercial sector down 0.9% while retail property fell 4% in a year. The residential market fared slightly better, falling 1.3%.<BR/><BR/>The worsening figures come as developers and contractors reveal that they are now struggling with the financial downturn. <BR/><BR/>The latest figures from the Real Estate Economic Institute show that there are now just 203 real estate developers compared with 547 in 1995. And between January and September this year 425 real estate companies have gone out of business.<BR/><BR/>'The current bankruptcies have only just begun. There will be more and more,' said Akio Fukada, head of planning and research at the institute.<BR/><BR/>One Japanese contractor, Kajima, is pulling out of the UK after racking up huge losses on public funded contracts. It has posted losses of £124m in three years.Leroyhttps://www.blogger.com/profile/00612689792144239657noreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-60535059545561525062008-11-14T22:03:00.000+08:002008-11-14T22:03:00.000+08:00Apart from the serious overhanging supply situatio...Apart from the serious overhanging supply situation, the grossly overpriced properties here and looming corporate failures/layoffs in Singapore, we have major problems of deferred payment schemes (no sympathy for the rich speculators who are waiting for better market sentiment to cash in, government support, to rent and obtain financing when TOP). Recent condominium projects are poorly designed and crowded with bay windows/planter boxes features exploited by local developers in Singapore. No sound mind would take a big commitment to buy now at this time until private condos are better designed and spaced, market less prone to speculation and more affordable. Otherwise, let us as Singaporeans be contended and stay in HDB (some HDB living condition are spacious and at par and more convenient than condos) There is no need to aspire to own private properties or speculate. Be simple and contended.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-75017469133325020412008-11-14T11:45:00.000+08:002008-11-14T11:45:00.000+08:00this is only the beginning of the Great Singapore ...this is only the <I>beginning</I> of the Great Singapore Sales .. it's a long way down to go from hereAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-6284302927576451942008-11-14T10:34:00.000+08:002008-11-14T10:34:00.000+08:00Just to share some similar news from Dubai...Price...Just to share some similar news from Dubai...<BR/><BR/>Prices fall up to 50% in prestigious Dubai development<BR/><BR/>WEDNESDAY, 12 NOVEMBER 2008 <BR/> <BR/>Burj Dubai sees prices being halved<BR/><BR/>Property prices in one of Dubai's prestigious developments have fallen by as much as 50% according to real estate brokers.<BR/>Prices in Downtown Burj Dubai, Emaar Properties' flagship development, have fallen at least 22%, while prices in the Burj Dubai tower itself have tumbled as much as 50%.<BR/>Brokers said Downtown Burj Dubai had seen some of the biggest price drops in Dubai because prices had previously risen so quickly.<BR/>'Downtown Burj Dubai had quite a sharp spike in pricing. Anything that has a sharp spike is open to a correction if the market slows,' said Vincent Easton, head of sales at Sherwood property consultants in Dubai.Anonymousnoreply@blogger.com