All posts tagged Singapore property market

Six Reasons It’s STILL A Terrible Time to Buy Property

Posted on Jul 26, 2015 in Articles, Singapore Property Investment by 0 Comments

“My name is Elmer J. Fudd, Millionaire, I own a mansion and a yacht.”

 

1. Because property prices are still dangerously high for mass market homes.

(Outside Central Region/OCR) Taking the base point (100) at Q1 2009, prices in the CCR have grown +30 percent, +42 percent in the RCR, and +60 percent in the OCR.

Since the peak of Q3 2013, prices of mass market homes fell a measly 5.5 percent. Properties in the OCR are still overpriced. Mass-market home prices haven’t dropped as much as those for luxury housing. Rental incomes are falling and vacancy rates are rising.  A huge oversupply is casting dark clouds on the horizon. Current property prices are ridiculously beyond good rental fundamentals.

The bottom is still far from sight even though vested powers claim it will happen in the next 3 to 6 months. If you believe certain words, you believe their hidden arguments. When you believe something is right or wrong, true or false, you believe the assumptions in the words which express the arguments. Such assumptions are often full of holes, but remain most precious to the convinced.

6 Reasons Why Property Curbs Should NOT Be Removed Today

Posted on Jan 22, 2014 in Articles, Singapore Property Investment by 0 Comments

There have been recent calls to the government asking to relax some of its property-cooling measures as demand for real estate wanes. Mr Getty Goh, director at Ascendant Assets voiced his view on this, speaking at a Business Outlook Forum recently.

He said the government should consider repealing the Seller Stamp Duty (SSD) for residential properties introduced in January 2011, because sellers who are keen to dispose their properties may find themselves tied down by it.

Many people I have met who want you to invest in property don’t care two hoots if you make money or not, as long as they profit from your investment. And the same group of people are now calling for property curbs to be removed because of a so-call ‘lacklustre’ property market.

Mr Getty Goh is one of the few respected voices I listen to among the many industry players, and therefore I believe he does not fall into the category of those “Please invest in property so WE can get rich” group. His view on relaxing some property rules may be a personal view of his own and not for profit interests.

Here are 6 reasons why property curbs should NOT be removed today– at least till a correction happens.

The 8th Property Cooling Measure & the financial implications on Mass Market Buyers

Posted on Jul 7, 2013 in Articles, Property Investors, Property Market by 0 Comments

The 8th Property Cooling Measure & the financial implications on Mass Market Buyers
 

The government recently announced the 8th cooling property measures to try to subdue the rise of property prices.

After 7 cooling measures and another one again, I think many of us are already immune by now, “Another one again! When’s the next one?”

From my previous writings, I’ve mentioned we do not need a rocket scientist brain to comprehend how hot we are in the property market cycle with so many cooling measures from the government.

As for the magic question ‘To buy or not to buy now’, you would have known by now (I hope you do) if you are going to buy any property today, you will be paying for it very expensively. Unless you do really know how to create a value even with the high price you paid for, or you’re drowning yourself in cash, buying just any property today is like trying to walk yourself across a field of landmines without getting a leg blown off.

QE 3 – Operation Screw, You & the Singapore Property Market

Posted on Sep 23, 2012 in Articles, Property Market, Singapore Property Investment by 0 Comments

QE3: The Rich Gets Richer, The Poor Gets Poorer

Yes, it’s operation screw all over again. They never learn from the past do they? The same mistakes are repeating and repeating all over again.

The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy — print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods. The last time the Fed tried to create a housing bubble to stimulate the economy ended up in a disaster. Throughout history, governments have destroyed economies by destroying currencies. History is repeating itself all over again. Only this time it will be a potentially huge currency crisis in the making, huge sovereign debt crisis that is already underway, more tears and misery – globally.