Wednesday, August 6, 2008
About this Blog
The following is a forum exchange between bull and bear on the report extracted from the Singapore Property Forum:
Bull wrote:
A small development not in a prime area , not much marketing and yet sold out in less than 2 hours. What does this say ? There is lots of pent up demand within the mass market and this was proven with other launches such as Dakota, Clover and others.
Bear wrote:
We don't really know at what prices and how the transactions are done (for Urban Lofts). According to URA data, Dakota Residences sold 46/348 and Clover by the Park sold 13/616 - this obviously shows very low transaction volume.
Bull wrote:
Even in this forum one can see many potential buyers which some looking for the' right' time to buy and while others looking around for suitable developments.
Bear wrote:
This forum is dedicated to cautioning ppl against the Bull & Cock story, you misread the interest.
Bull wrote:
These above are all facts and not based on assumption. Another fact is that Spore population in 2006-2007 grew by 400,000-500,000 as what being announced. This means more demand for housing . I would not speculate what type of housing at this moment but it will likely be for all types such as workers quarters, public housing , rentals and private properties.
Bear wrote:
As you said, it's for 2006-2007, the population has already been absorbed. Besides Singaporeans are not producing enough and number of deaths may not be replaced. In fact, taking your advice on a long term view, Singapore population may be in danger of shrinking instead of growing. That may or may not be replaced by immigrants who may go home when life gets better at home than here. That's another serious uncertainty facing Singapore in the long term. As we all can see, our govt is really worried about this.
Bull wrote:
Dont expect to buy things like equities, commodities or property at it's lowest . Buying a property esp own stay takes lots of effort and research such as location, size, facing , amenities , facilities and price. Trying to buy a property at the lowest possible time and with the best location and unit is almost impossible.
Bear wrote:
The best investors are in fact those who know how to buy at bargain price. There're quite a lot of bargain in the stocks market now, though property is definitely far from being a bargain at current prices.
Bull wrote:
For those looking to buy a new home, I suggest dont try to time yourself and hope to buy at the lowest. Even if you have the foresight in predicting the best time to buy you are most unlikely to get the best unit , projects or location of your choice. For own stay take a 5-10 years view and even if price comes off after u have bought it does not matter as its for your own stay and vice versa if prices moves up.
Bear wrote:
Well, all I can say is that if you need a home, you need a home but just buy within your means. As can see, most home buyers are in fact very down to earth, with most buying HDB with whatever subsidies from the govt.
Bull wrote:
For long term investor its the same story..take a longer view rather than what will happen within the next 6 months.
Bear wrote:
Investors have many choices and there are many bargains around. Property is still a bad choice.
Bull wrote:
However for speculators, all I have to say is speculation is a zero sum game if your are lucky. you are better off speculating into property stocks which offers more liduidity. lower commision and lower investment.
Bear wrote:
Speculators are no more since end of last year!
May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase
Urban Lofts: Condo at Little India Sold Out within 2 hours
According to news reports, Urban Lofts, a small condominium project at Little India, was sold out within 2 hours of balloting.The following is a forum exchange between bull and bear on the report extracted from the Singapore Property Forum:
Bull wrote:
A small development not in a prime area , not much marketing and yet sold out in less than 2 hours. What does this say ? There is lots of pent up demand within the mass market and this was proven with other launches such as Dakota, Clover and others.
Bear wrote:
We don't really know at what prices and how the transactions are done (for Urban Lofts). According to URA data, Dakota Residences sold 46/348 and Clover by the Park sold 13/616 - this obviously shows very low transaction volume.
Bull wrote:
Even in this forum one can see many potential buyers which some looking for the' right' time to buy and while others looking around for suitable developments.
Bear wrote:
This forum is dedicated to cautioning ppl against the Bull & Cock story, you misread the interest.
Bull wrote:
These above are all facts and not based on assumption. Another fact is that Spore population in 2006-2007 grew by 400,000-500,000 as what being announced. This means more demand for housing . I would not speculate what type of housing at this moment but it will likely be for all types such as workers quarters, public housing , rentals and private properties.
Bear wrote:
As you said, it's for 2006-2007, the population has already been absorbed. Besides Singaporeans are not producing enough and number of deaths may not be replaced. In fact, taking your advice on a long term view, Singapore population may be in danger of shrinking instead of growing. That may or may not be replaced by immigrants who may go home when life gets better at home than here. That's another serious uncertainty facing Singapore in the long term. As we all can see, our govt is really worried about this.
Bull wrote:
Dont expect to buy things like equities, commodities or property at it's lowest . Buying a property esp own stay takes lots of effort and research such as location, size, facing , amenities , facilities and price. Trying to buy a property at the lowest possible time and with the best location and unit is almost impossible.
Bear wrote:
The best investors are in fact those who know how to buy at bargain price. There're quite a lot of bargain in the stocks market now, though property is definitely far from being a bargain at current prices.
Bull wrote:
For those looking to buy a new home, I suggest dont try to time yourself and hope to buy at the lowest. Even if you have the foresight in predicting the best time to buy you are most unlikely to get the best unit , projects or location of your choice. For own stay take a 5-10 years view and even if price comes off after u have bought it does not matter as its for your own stay and vice versa if prices moves up.
Bear wrote:
Well, all I can say is that if you need a home, you need a home but just buy within your means. As can see, most home buyers are in fact very down to earth, with most buying HDB with whatever subsidies from the govt.
Bull wrote:
For long term investor its the same story..take a longer view rather than what will happen within the next 6 months.
Bear wrote:
Investors have many choices and there are many bargains around. Property is still a bad choice.
Bull wrote:
However for speculators, all I have to say is speculation is a zero sum game if your are lucky. you are better off speculating into property stocks which offers more liduidity. lower commision and lower investment.
Bear wrote:
Speculators are no more since end of last year!
May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)