tag:blogger.com,1999:blog-3369913673706314365.post8794688363672115574..comments2023-08-29T15:46:12.709+08:00Comments on For Prudent Investors & Home Buyers: Ailing property sector got a special Budget boost but can it really revive the property market?Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3369913673706314365.post-54960702574142568432009-02-07T13:46:00.000+08:002009-02-07T13:46:00.000+08:00Dear Phantasia,I don't think it's very meaningful ...Dear Phantasia,<BR/>I don't think it's very meaningful to pay too much attention to the 10-year cycle. In my opinion, it may be more useful to follow the global economic situation as a gauge of the property trends. <BR/><BR/>Good luck to you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-36052862588376013232009-02-07T13:29:00.000+08:002009-02-07T13:29:00.000+08:00Dear dream,Thank you for your invitation to the ch...Dear dream,<BR/>Thank you for your invitation to the chat box but I'm really busy kicking off a new business. I can hardly find time to attend to this blog, so I'm afraid I'll have to decline your invitation.<BR/><BR/>Best wishes to you and friends.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-3460378256655933932009-01-31T22:33:00.000+08:002009-01-31T22:33:00.000+08:00It is of interest to read these postings. Thank yo...It is of interest to read these postings. Thank you for setting up this blog.<BR/><BR/>Firstly, many property buyers are transacting in property because of the returns. This is driving the property prices to an unreasonable range. Have not we learnt our lessons enough from the 1997 and 2008 crises? Should we continue to drive up property prices hypothetically and be unnecessarily involved in this game of the cash rich?<BR/><BR/>Secondly, think carefully of the loan to be paid many years down the road. Many people are already worrying about the repayment. They are working extra hard to pay back the amount borrowed. Should any of them default on the loans, will there be another round of crisis? And, this time local crisis. <BR/><BR/>Thirdly, how long can the help from the budget last. As we are not able to tell when the crisis will end, should not we be more cautious with the purchase of property? Furthermore, should we be led around by those who wanted to earn cash fast and be dragged down by this game of the cash rich?<BR/><BR/>Lastly, we must really learn to be realistic. The salary or remuneration is being driven high because of the property prices and the cause of it, the underlying loan to be paid many years down the road. Such is the vicious cycle. Higher salary drives up business cost. Honestly, the increase in salary never generate productivity. Why is this happening? Businesses should be more cautious in this area and tie remuneration package to the returns obtained in the form of productivity, which can be measured.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-81843120647582452662009-01-31T15:26:00.000+08:002009-01-31T15:26:00.000+08:00Dear Smart Buyer,I am fortunate enough to come acr...Dear Smart Buyer,<BR/><BR/>I am fortunate enough to come across your blog which is probably the comprehensive blog on the property scene in Singapore.<BR/><BR/>I have since introduced a few others to your blog. We express the same appreciation for your insight and comments.<BR/><BR/>We are wondering if it is possible to invite you over to our "chat box" as we are very keen to interact with you "live".<BR/><BR/>Please let me know if I could arrange it at a time convenient to you.dreamhttps://www.blogger.com/profile/16238859543548780918noreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-72296095783792427592009-01-29T09:28:00.000+08:002009-01-29T09:28:00.000+08:00Hi Smartbuyer,In general, are we able to give a ro...Hi Smartbuyer,<BR/><BR/>In general, are we able to give a rough timeline estimate on the property cycle? As in how many years between a peak and a bottom in the property cycle.<BR/><BR/>I'm not sure if its realistic to look at it this way, but for eg, the last economic downturn is in 1997 and the current one in 2008. That would give a very rough 10 year estimate on the economic cycle. Or is it even appropriate or sensible to look out for such patterns?<BR/><BR/>Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-23969015985225810382009-01-29T08:08:00.000+08:002009-01-29T08:08:00.000+08:00No doubt property sale has dropped drastically n 2...No doubt property sale has dropped drastically n 2008 (80%? If I remember correctly) but price has not dropped much, has it? As an investor, I'd wait for the price to turn bearish, not the sale transaction. At current price, the ROI is practically negative and I'd be better off investing in other instruments. Besides, with the recession getting deeper and longer, I do see a lot more downside to come. In my view, what we are seeing now is likely to be only the tip of the iceberg.<BR/><BR/>just my 2 cents worth to add to yours.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3369913673706314365.post-76426525360422504282009-01-28T17:40:00.000+08:002009-01-28T17:40:00.000+08:00I have been following your blog for a while and fi...I have been following your blog for a while and find your comments useful and mostly agree with them . <BR/><BR/>only would like to point out that everyone i talk to is bearish , other day the tea lady in my office was telling me not to buy any property.<BR/><BR/>Markets don't turn around due to sudden influx of buyer or seller , in fact it happens when there is exact opposite , that is when all who are bearish have sold and no one else to is left to sell , at that point even small number of buyers, who were always there , turn around the market . <BR/><BR/>I feel most of the bad news is discounted and this may be the time for first time "home" buyers to start looking for what they want, and prbly try to get the best deal possible for the place they like. meaning correct the market buy 5 -10% in price negotiations . <BR/><BR/>Don't see more downside after that , as most are bearish and sitting with cash , ready to pounce on any opportunity , and longer the prices hang around here , more will jump in, thinking that may be correction is done.<BR/><BR/>conclusion: start looking for a place if you are buying to live there , as you may be specific as to what you want . and negotiate. can't see too much downside to that , and if you horizon is like mine of 3-5 year.. think you will be safe. <BR/>if you are a investor, honestly don't know what to advise you ! all i can say is good luck trading. <BR/><BR/>just my 2 cents worthAnonymousnoreply@blogger.com