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Thread: What it looks like after a property bubble burst

  1. #41

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    Quote Originally Posted by airfins
    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...
    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.

  2. #42
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    Default Re: What it looks like after a property bubble burst

    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.
    Last edited by ricohflex; 31st October 2012 at 10:40 PM.

  3. #43

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    Quote Originally Posted by ricohflex
    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.
    Sad to say it works...

  4. #44

    Default Re: What it looks like after a property bubble burst

    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.

  5. #45

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    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.
    | 5Diii | 24 ii | 40 | 24-70 ii | 24-105 | 70-200 F4 IS | 270 ii | 600EX-RT |

  6. #46
    Senior Member Big Kahuna's Avatar
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    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

  7. #47

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    Property agent like it! More buy and sell means more commission for them!
    | 5Diii | 24 ii | 40 | 24-70 ii | 24-105 | 70-200 F4 IS | 270 ii | 600EX-RT |

  8. #48

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by White Wolf View Post
    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.

    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. . .
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  9. #49
    Moderator ed9119's Avatar
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    Default Re: What it looks like after a property bubble burst

    prices go up or prices go down ..... there will be different groups of unhappy people in both situations
    shaddap and just shoot .... up close
    Walkeast

  10. #50

    Default Re: What it looks like after a property bubble burst

    Only FIRE benefited?

    Quote Originally Posted by Shizuma View Post
    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

  11. #51

    Default Re: What it looks like after a property bubble burst

    Leverage works both ways ... yes?

    Quote Originally Posted by Shizuma View Post
    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. . .

  12. #52

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by keiser View Post
    Leverage works both ways ... yes?
    conversely falling equity past a point may trigger Loan to Value clauses resulting in a loan Call.
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  13. #53
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    Default Re: What it looks like after a property bubble burst

    See what I mean? As predicted and expected.....

    Cash Rich Young Couple bought record breaking $1.77mil EC Penthouse

  14. #54
    Senior Member albertri's Avatar
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    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by ricohflex View Post
    See what I mean? As predicted and expected.....

    Cash Rich Young Couple bought record breaking $1.77mil EC Penthouse
    1.77Mil for a leased property flat is something :-) oh well they have the $$ so they can buy what they want :-) it like someone buying Vertu HP :-) can't stop them from buying such exp items if they have the $$
    <<<<<Hobo in Singapore >>>> View My 500px

  15. #55

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    Quote Originally Posted by albertri

    1.77Mil for a leased property flat is something :-) oh well they have the $$ so they can buy what they want :-) it like someone buying Vertu HP :-) can't stop them from buying such exp items if they have the $$
    Or buy Leica? Haha
    Sony A7/ Sigma 19-2.8 E/ CV 35-1.7 ASPH/ FE 55-1.8/ MC Rokkor 58-1.2/ Pentax SMC K 135-2.5

  16. #56

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by albertri View Post
    1.77Mil for a leased property flat is something :-) oh well they have the $$ so they can buy what they want :-) it like someone buying Vertu HP :-) can't stop them from buying such exp items if they have the $$
    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.

  17. #57

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by Jedi View Post
    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)
    Do all these even matter?

  18. #58

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by cks2k2 View Post
    Do all these even matter?
    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.

  19. #59

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by Jedi View Post
    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.
    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. -___-
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  20. #60

    Default Re: What it looks like after a property bubble burst

    Quote Originally Posted by Shizuma View Post
    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. -___-
    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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