Showing posts with label 0.5 Property News Analysis Nov 2008. Show all posts
Showing posts with label 0.5 Property News Analysis Nov 2008. Show all posts
Monday, November 17, 2008
About this Blog
URA quaterly report for past quarters compared to October:
2Q: 1417 (sold), 1814 (launched)
3Q: 1814 (sold), 2244(launched)
October: 112 sold, 159 launched
May also want to read:
Fire Sale: Owners Dump Condos
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
Property Investment Tip: Don't put all your eggs in one basket
HDB Resales: West Sees Highest Price Increase
Private Property Sales Fell 70% in October
According to URA latest data, developers sold just 112 private homes in October, down from 376 units in September. 159 private homes were launched in October, a fifth of the 767 units they released in September. The fall was not unexpected given the upheaval in Wall Street banks in late september to october which saw the Fed's rescue of Freddie Mac and Fannie Mae, the near-collapse of AIG, and the bankruptcy of Lehman.URA quaterly report for past quarters compared to October:
2Q: 1417 (sold), 1814 (launched)
3Q: 1814 (sold), 2244(launched)
October: 112 sold, 159 launched
May also want to read:
Fire Sale: Owners Dump Condos
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
Property Investment Tip: Don't put all your eggs in one basket
HDB Resales: West Sees Highest Price Increase
Thursday, November 6, 2008
About this Blog
"我 已 經 說 過 ， 那 股已 經 上 岸 的 心 態 使 到 自 己 已 無 當年 之 勇 ， 更 何 況 金 融 海 嘯 的 確 是 生 平 所 未 見 ， 多 年來 幸 運 地 賺 到 一 些 錢 ， 目 前 想 買樓 的 念 頭 可 能 強 過 買 股 票 ， 仍 打 不 定 主 意 。 樓 價 只要 特 區 政 府 堅 守 「 勾 地 」 政 策 ，土 地 供 應 有 限 ， 價 格 不 可 能 大 跌 。
買樓 與 買 股 最 大 的 分 別 是 ： 股 價 波 幅 太 大 ， 影 響 心 理 健 康 ， 樓 價 只 要 能 夠 做 到 毋 須樓按 ， 則 不 會 有 甚 麼 壓 力 。 買 樓 收 租 是 我 將 來 的 退 休 大 計 ， 兩 千 年 來 ， 中 國 的 地 方鄉紳 就 是 靠 買 地 收 租 當 地 主 而 一 代 傳 一 代 ， 這 是 最 簡 單 的 保 護 財 富 方 法 。"
"He is right.
As long as Govt stop selling land, cut out the supply in near future, property price wil be sustainable.
Demand will still be there, new family, marriage, FT, immigrants, 6.5M population, Sporean back from US & Europe......
Market just waiting for signal to up again."
"govt also stop land sales during the 97-Asian financial crisis but private property price plunged neverthelessly by 40%-50% by developers and in some cases, 70% by sellers ... when the govt acts, it's usually because they already see the crash!!!
in fact, in the 97-crisis, the overhanging supply is only half of what we see today .. it took more than 10 years for property price to recover .."
May also want to read:
Fire Sale: Owners Dump Condos
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
Property Investment Tip: Don't put all your eggs in one basket
HDB Resales: West Sees Highest Price Increase
Impact of Singapore Government's Land Sales Halt
The Singapore government recent announcement to halt land sales in view of the plunging sales of private property market bring to mind the same measure that was carried out during the 97-Asian Financial Crisis. The following is a forum-exchange on the impact of the measure extracted from the Singapore Property Forum:"我 已 經 說 過 ， 那 股已 經 上 岸 的 心 態 使 到 自 己 已 無 當年 之 勇 ， 更 何 況 金 融 海 嘯 的 確 是 生 平 所 未 見 ， 多 年來 幸 運 地 賺 到 一 些 錢 ， 目 前 想 買樓 的 念 頭 可 能 強 過 買 股 票 ， 仍 打 不 定 主 意 。 樓 價 只要 特 區 政 府 堅 守 「 勾 地 」 政 策 ，土 地 供 應 有 限 ， 價 格 不 可 能 大 跌 。
買樓 與 買 股 最 大 的 分 別 是 ： 股 價 波 幅 太 大 ， 影 響 心 理 健 康 ， 樓 價 只 要 能 夠 做 到 毋 須樓按 ， 則 不 會 有 甚 麼 壓 力 。 買 樓 收 租 是 我 將 來 的 退 休 大 計 ， 兩 千 年 來 ， 中 國 的 地 方鄉紳 就 是 靠 買 地 收 租 當 地 主 而 一 代 傳 一 代 ， 這 是 最 簡 單 的 保 護 財 富 方 法 。"
"He is right.
As long as Govt stop selling land, cut out the supply in near future, property price wil be sustainable.
Demand will still be there, new family, marriage, FT, immigrants, 6.5M population, Sporean back from US & Europe......
Market just waiting for signal to up again."
"govt also stop land sales during the 97-Asian financial crisis but private property price plunged neverthelessly by 40%-50% by developers and in some cases, 70% by sellers ... when the govt acts, it's usually because they already see the crash!!!
in fact, in the 97-crisis, the overhanging supply is only half of what we see today .. it took more than 10 years for property price to recover .."
May also want to read:
Fire Sale: Owners Dump Condos
The days of Cheap, Easy Credits chasing after property is OVER!
When the bubble of greed and fear burst, guess who suffer?
Property Investment Tip: Don't put all your eggs in one basket
HDB Resales: West Sees Highest Price Increase
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