What it looks like after a property bubble burst


airfins said:
The only way for plain man like me to make $$$ is to sell my HDB and upgrade, end game is downgrade and keep the 2-300k min $$$$ profit to see doctor and buy a wooden box to be burn...
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But if you sell high, you buy as well isn't it? Unless you have another property which u can flip. I suppose property prices are really high now.
 

Holding cost is fatal if lots of newly built condos cannot be sold and there is a down turn in ppty market.

Possible tricks used to con fools to buy ppty - not complex and refined tricks. But sometimes crude and low class tricks can fool some of the people some of the time.

• Get many ah ter and ah kow to queue up to buy the condo as though it is "hot" in demand. No acting experience required. Singaporeans are strangely attracted to and impressed by queues. It must be a primordial trigger.


• Arrange for some one to buy one resale public housing unit on open market at RIDICULOUS high price; thus hoping to set a new benchmark. Will be announced on TV news and in newspapers, thus saving the developer a lot of advertising costs. The trick is that if public housing can be $X, then surely ALL the condos selling at $Y cannot be considered expensive. The flat with the silly high price can be quietly resold later at a relatively small loss.
 

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ricohflex said:
Holding cost is fatal if lots of newly built condos cannot be sold and there is a down turn in ppty market.

Possible tricks used to con fools to buy ppty - not complex and refined tricks. But sometimes crude and low class tricks can fool some of the people some of the time.

• Get many ah ter and ah kow to queue up to buy the condo as though it is "hot" in demand. No acting experience required. Singaporeans are strangely attracted to and impressed by queues. It must be a primordial trigger.

• Arrange for some one to buy one resale public housing unit on open market at RIDICULOUS high price; thus hoping to set a new benchmark. Will be announced on TV news and in newspapers, thus saving the developer a lot of advertising costs. The trick is that if public housing can be $X, then surely ALL the condos selling at $Y cannot be considered expensive. The flat with the silly high price can be quietly resold later at a relatively small loss.
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Sad to say it works...
 

Don't over simplify and think property speculators are fools. All private property transactions have to lodge caveat with URA, and this info is public.
 

Physical property is not like share market that you can sell off with a click of button. You won't be able to find a buyer in a down market.
Take care. Know your risk.
 

Scared don't play and play don't scared.....it's a big musical chair.....if someone win money.....definitely it's from someone who lost.....so need to learn not to be at the wrong end but sadly....its always minority won :(
 

Property agent like it! More buy and sell means more commission for them!
 

White Wolf said:
But if you sell high, you buy as well isn't it? Unless you have another property which u can flip. I suppose property prices are really high now.
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sell high buy high but with the power of leverage ,it is possible to be profitable as long as the rate of appreciation of the equity value outpaces real interest rate. . .
 

prices go up or prices go down ..... there will be different groups of unhappy people in both situations
 

Only FIRE benefited?

Shizuma said:
ever heard of a FIRE economy ?
finance
insurance
Real Estate .

in a closed FIRE economy we would be doomed as Ah Boy predicted .

however we are still producing physical goods . eg oil refining , pharma , etc .

the day we in up in FIRE economy , i will pack up my kitty basket and air fart myself to another country
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Leverage works both ways ... yes?

Shizuma said:
sell high buy high but with the power of leverage ,it is possible to be profitable as long as the rate of appreciation of the equity value outpaces real interest rate. . .
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keiser said:
Leverage works both ways ... yes?
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conversely falling equity past a point may trigger Loan to Value clauses resulting in a loan Call.
 

albertri said:
1.77Mil for a leased property flat is something :-) oh well they have the $$ so they can buy what they want :-) it like someone buying Vertu HP :-) can't stop them from buying such exp items if they have the $$
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Or buy Leica? Haha
 

albertri said:
1.77Mil for a leased property flat is something :-) oh well they have the $$ so they can buy what they want :-) it like someone buying Vertu HP :-) can't stop them from buying such exp items if they have the $$
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It was also reported in the news that the young couple got sponsorship from their parents.

However, the public does not have any information these :

1) Wealth status of the parents
2) Occupations of the young couple
3) Occupations of the parents
4) Nationalities of the young couple and parents (they could be new citizens, PRs)

Therefore, we can only take in the face value that a EC was at $1.77m.
 

Jedi said:
It was also reported in the news that the young couple got sponsorship from their parents.

However, the public does not have any information these :

1) Wealth status of the parents
2) Occupations of the young couple
3) Occupations of the parents
4) Nationalities of the young couple and parents (they could be new citizens, PRs)
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Do all these even matter?
 

cks2k2 said:
Do all these even matter?
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If we do not have complete information on the sale, so what is the hoha of this deal? So what if this EC was sold at $1.77m or more.

For example, if the parents are tycoons, then it is peanut to pay $1.77mm for EC as long as the young couple like it.
 

Jedi said:
If we do not have complete information on the sale, so what is the hoha of this deal? So what if this EC was sold at $1.77m or more.

For example, if the parents are tycoons, then it is peanut to pay $1.77mm for EC as long as the young couple like it.
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one of my ex-classmates dad bought him a condo unit adjacent to their family home because he wanted to "move out"...but his mom scared son no food, no cleaning, etc. -___-
 

Shizuma said:
one of my ex-classmates dad bought him a condo unit adjacent to their family home because he wanted to "move out"...but his mom scared son no food, no cleaning, etc. -___-
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Thanks for the "likes".

Precisely, we do not know have other details other than an EC was sold for $1.77m.

There are thousands of reason for it. Therefore, it is up to each individual speculation or imagination.
 

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