What it looks like after a property bubble burst


Don't worry too much....with the 2 casinos and $7k taxi driver.....the economy can sustain.....furthermore with Indonesia, Philippine and even Myanmar is booming now.....rich people need a safe heaven to park their money.....where else can they go? Sgd is rock solid so it's a no brainer :)
 

Big Kahuna said:
Don't worry too much....with the 2 casinos and $7k taxi driver.....the economy can sustain.....furthermore with Indonesia, Philippine and even Myanmar is booming now.....rich people need a safe heaven to park their money.....where else can they go? Sgd is rock solid so it's a no brainer :)
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Not only that, so much hot money is flowing to Singapore now. That will be able to sustain the property prices.
 

Jedi said:
Not only that, so much hot money is flowing to Singapore now. That will be able to sustain the property prices.
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Pity me average Singaporean who is looking for just an affordable shelter.
 

I don't understand why so many people think the property bubble will burst like it's an isolated incident. Essentially the govt has shifted the demand all the way to the right, to ensure tby controlling supply only they can set the price to virtually anything they like. It's a highly robust system that wouldn't topple easily.

But of course, the govt wouldn't bring the prices down. Because sky-high prices do have certain ways of ensuring those in power stays in power :bsmilie::bsmilie:
 

Property bubble is not new.

It is a stale phenomenon.

Japan had it in the heady days of 1970's to 1980's and after it burst Japan has not recovered today even after 2 decades.

Ireland had it recently.

Ditto for Iceland.

US subprime crisis is recent.

Developers' greed is understandable. In a certain place, (not Singapore) the small group of developers are so powerful that they seem to control the guy in charge. That's what luxury yachts are for - entertaining the powerful.

I am glad our government has (wisely) moved against this evil thing called "shoebox unit" or "mickey mouse unit".
 

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ahboy168 said:
No foreign investment = no jobs here.
No job here = FT goes back home.
FT goes home = SG landlord no tenant
No tenant = bank ask u force sell or top up
Force sell = loss $
Loss $ + lose job = bedok reservoir ??
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Your explanation is too simplistic

What makes u think there is no foreign investment? Where did u get this info from? In your dreams?
 

What r your views then? :)

donut88 said:
Your explanation is too simplistic

What makes u think there is no foreign investment? Where did u get this info from? In your dreams?
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the same people who are complaining that they can't afford a newer property are trying to sell off their property at higher prices.

smell the sh!t anyone?

:bsmilie:
 

keiser said:
What r your views then? :)
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I'm curious of where did this source of info come from
 

kei1309 said:
the same people who are complaining that they can't afford a newer property are trying to sell off their property at higher prices.

smell the sh!t anyone?

:bsmilie:
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All the time. But that's how the bubble works.
 

kei1309 said:
the same people who are complaining that they can't afford a newer property are trying to sell off their property at higher prices.

smell the sh!t anyone?

:bsmilie:
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There's a lot of concerns now for FTs able to buy HDB flats but in reality who created this problem in the 1st place? Gov't housing only Singaporean are able to buy then where did those FT manages to get their flats from? *ehem*.... So meaning we f**k ourselves by selling flats to the highest bidders (normally FTs). :). So now ordinary folks cant afford them anymore :-(
 

keiser said:
Stepping back a little ... does the rent seeking cum asset inflation model really help the economy? ... what do you think?
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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
 

albertri said:
There's a lot of concerns now for FTs able to buy HDB flats but in reality who created this problem in the 1st place? Gov't housing only Singaporean are able to buy then where did those FT manages to get their flats from? *ehem*.... So meaning we f**k ourselves by selling flats to the highest bidders (normally FTs). :). So now ordinary folks cant afford them anymore :-(
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i welcome you with open arms bro.

but no hugging :bsmilie:
 

july4chart.JPG


Source


SG property market did crashed after peaking in 1996, and took 12 long years to recover to the same level. And immediate suffered another minor crash before roaring all the way till today. Whether it will crash again is anybody guess.
 

GRbenji said:
july4chart.JPG


Source


SG property market did crashed after peaking in 1996, and took 12 long years to recover to the same level. And immediate suffered another minor crash before roaring all the way till today. Whether it will crash again is anybody guess.
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I think the entire Asia got a black eye of the 1998 IT crash and got another black eye on 9-11 and since there the world was not the same slowly economy tries to come back but was hit by issues here and there.... I even heard during the good time when you buy a nice car it's almost as expensive as a flat lolz. But those where the good days now the property rebounded back but employee salary/benefits etc never did manage to catch up :-( gone are the days of having 3-6 months bonus and everyone was Perm Employee, now you're lucky if you get 1 month bonus and most job opening are contractual :-(
 

Bottomline: don't plan on using your housing worth for your retirement. You may be very disappointed.
 

UncleFai said:
Bottomline: don't plan on using your housing worth for your retirement. You may be very disappointed.
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yeah true... but a lot using property like stock buy and sell :)
 

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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