A,
Congrats. Have a great year ahead.
Aspellian wrote:went to a property talk recently - signs of chewing gum ripe for blowing
- interest rate super low at SIBOR of 0.6% - if SIBOR goes up to 3%; its 5 times the interest expense (who cares?)
- rental all time high (who cares?)
- flood of supplies coming onstream in 2011/2012 >30k units with > half are freehold
- garmen many tricks up sleeves not yet use to curb chewing of gums
- more than 60% - 70% of recent launches are snapped up by private buyers; instead of HDB upgraders ("the so called real demand") - Pekulazions?
- GE round the corner; what happens after the carrots are distributed???? more carrots???
went to a property launch recently to have a "feel"
- the property director says that 2 blocks are already bought by the insiders of property directors - but he can help me "ask around" and "do a special deal" if I am really keen
- neighborhood condos at 1000+ psf - i'm still living across the wet market and surrounded by HDBs sold a few years back at 200psf. what's so special that i must pay 5 times to be locked up with 1500 families (and probably 1000 kids) with one badminton court, one piano, a few gyms etc? and numerous friends and relatives visiting...
just some thoughts....
Users browsing this forum: Google [Bot] and 2 guests