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Latest Forum Topics / CityDev    Last:8.21    -0.15  Post Reply
CityDev
ETLee8
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18-Jan-2022 13:50     
 
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Things are not looking bright for the real estate sector this year: RHB

This year is expected to be a quiet one for the real estate sector, according to RHB Group Research analyst Vijay Natarajan. This is due to dual headwinds &ndash recent implementation of stringent cooling measures and an increasingly hawkish stance on interest rates by the central banks &ndash dampening the outlook of the sector.

  However strong market fundamentals such as an improving job market, strong household balance sheets, and low inventory levels should provide a buffer.

To recap, the Singapore government on Dec 15 announced a 10th round of stringent cooling measures since 2010 which include: Raising the additional buyer&rsquo s stamp duty (ABSD) by 5-10 percentage points (ppt) from the second property onwards tightening the total debt servicing ratio threshold (TDSR) and loan-to-value (LTV) as well as increasing housing land supply.

  The measures have since taken wind out of the sails in the property market, with only one major launch seen &ndash Perfect Ten in Bukit Timah which saw muted sales (12 out of 230 units) during the launch weekend, despite offering a 5% discount on units.

  &ldquo Looking forward, we believe the government could look at implementing a &lsquo wealth tax&rsquo for high-value property sales, to further curb speculative/investment demand and increase revenue,&rdquo says Natarajan.
 

TradeExpert      ( Date: 18-Jan-2022 13:40) Posted:

So you mean all property are fake prophets?

If you think prices will come down in FY2022, then why you still commit to buy in FY2021? Lolxx

Do you think Developer will give 8-10% discount? Most likely fat hope. Maybe those still can' t sell when nearing the deadline of ABSD which you look at data, there is almost none. Look at the statistics will tell that supply lower than the demand. The cooling measure are surgically targeted at the developers to send them a signal not to bid for land too aggressively that will cause prices to go up too much. Govt want gradual increment, not drastic increase. The key is stability & sustainability. 

Govt already pushing to open up and revise up their GDP projection. These are already indications of recovery.. 

DYODD

ETLee8      ( Date: 18-Jan-2022 11:24) Posted:

Bro, i think u are certainly wrong in your assessment.  Also do not believe all the property consultants too.  They are fake prophets.
The FY2021 sales up is because of the " threat" of the coming cooling measures.  Many buy early to avoid, I am one too.
Also the property agents did a good job in using the " FEAR" factor.
FY2022 sales will certainly drop, unless developers give 8-10% discount.
More importantly if covid recovers, then there is some hope, if not all hospitality sector will suffer another low year.

DYOD
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TradeExpert
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18-Jan-2022 13:40     
 
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 Alert Admin 		So you mean all property are fake prophets?

If you think prices will come down in FY2022, then why you still commit to buy in FY2021? Lolxx

Do you think Developer will give 8-10% discount? Most likely fat hope. Maybe those still can' t sell when nearing the deadline of ABSD which you look at data, there is almost none. Look at the statistics will tell that supply lower than the demand. The cooling measure are surgically targeted at the developers to send them a signal not to bid for land too aggressively that will cause prices to go up too much. Govt want gradual increment, not drastic increase. The key is stability & sustainability. 

Govt already pushing to open up and revise up their GDP projection. These are already indications of recovery.. 

DYODD

ETLee8      ( Date: 18-Jan-2022 11:24) Posted:

Bro, i think u are certainly wrong in your assessment.  Also do not believe all the property consultants too.  They are fake prophets.
The FY2021 sales up is because of the " threat" of the coming cooling measures.  Many buy early to avoid, I am one too.
Also the property agents did a good job in using the " FEAR" factor.
FY2022 sales will certainly drop, unless developers give 8-10% discount.
More importantly if covid recovers, then there is some hope, if not all hospitality sector will suffer another low year.

DYODD

TradeExpert      ( Date: 18-Jan-2022 10:41) Posted:

Wow... You really anti CDL.. Always post negative news/comments. Lolxx

The counter price is trending up and no sign of weakness. 

The news that you post is not  unexpected. New Pte home sales down 58% in December is not unexpected. There is a reason why the govt choose december to announce the cooling measures. Just don' t read the lines of newpapers too much. Do your research intensively to get the real market sentiments. Some of the data you can retrieve are from URA to do analysis or you get can most updated/real time info from property agencies. More importantly is see the overall sales for FY 2021 vs other years and the increase in price is almost 10% in a year. The chart/data analysis will show very clearly. Naturally the govt will want to impose the cooling measures. At the start of FY 2021, govt already warn about cooling measures when they notice the pent up demand. Most of the projects are at least 70% sold. This trend will continue towards early FY2023.

Only a few project sales are not doing well with about 40% sold due to the location, layout of the unit, facing the highway. Eg: 1 project in farrer road. 
 
Just name a few factors: 

December is holiday seasons
Many people go holiday via VTL and there will be lesser Sale transactions on M-oM basis
Choosing Dec and at 2300hours to announce the cooling measures is to create a greater impact on the market sentiments to cool down the market abit and trim down the borderline upgraders. This is the group of buyers (borderline upgraders) that the govt is very worried about when interest rates goes up this year by 3 times and each adjustments is about 0.25 points. 
Govt wanna buy time as they did not expect the pent up demand from the market or rather they failed to plan ahead to anticipate the strong market of buying sentiments. The pandemic amplify the situation. 

EC sales dropped 55.4% is due to very little EC new launches and most units for the new launches are almost sold. it is naturally that the statistics will show a drop when there is nothing much for buyer to buy. 

Hope you will do sufficient due dilligence and researches. Lolxx



 


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ETLee8
Master
18-Jan-2022 11:24     
 
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 Alert Admin 		Bro, i think u are certainly wrong in your assessment.  Also do not believe all the property consultants too.  They are fake prophets.
The FY2021 sales up is because of the " threat" of the coming cooling measures.  Many buy early to avoid, I am one too.
Also the property agents did a good job in using the " FEAR" factor.
FY2022 sales will certainly drop, unless developers give 8-10% discount.
More importantly if covid recovers, then there is some hope, if not all hospitality sector will suffer another low year.

DYODD

TradeExpert      ( Date: 18-Jan-2022 10:41) Posted:

Wow... You really anti CDL.. Always post negative news/comments. Lolxx

The counter price is trending up and no sign of weakness. 

The news that you post is not  unexpected. New Pte home sales down 58% in December is not unexpected. There is a reason why the govt choose december to announce the cooling measures. Just don' t read the lines of newpapers too much. Do your research intensively to get the real market sentiments. Some of the data you can retrieve are from URA to do analysis or you get can most updated/real time info from property agencies. More importantly is see the overall sales for FY 2021 vs other years and the increase in price is almost 10% in a year. The chart/data analysis will show very clearly. Naturally the govt will want to impose the cooling measures. At the start of FY 2021, govt already warn about cooling measures when they notice the pent up demand. Most of the projects are at least 70% sold. This trend will continue towards early FY2023.

Only a few project sales are not doing well with about 40% sold due to the location, layout of the unit, facing the highway. Eg: 1 project in farrer road. 
 
Just name a few factors: 

December is holiday seasons
Many people go holiday via VTL and there will be lesser Sale transactions on M-oM basis
Choosing Dec and at 2300hours to announce the cooling measures is to create a greater impact on the market sentiments to cool down the market abit and trim down the borderline upgraders. This is the group of buyers (borderline upgraders) that the govt is very worried about when interest rates goes up this year by 3 times and each adjustments is about 0.25 points. 
Govt wanna buy time as they did not expect the pent up demand from the market or rather they failed to plan ahead to anticipate the strong market of buying sentiments. The pandemic amplify the situation. 

EC sales dropped 55.4% is due to very little EC new launches and most units for the new launches are almost sold. it is naturally that the statistics will show a drop when there is nothing much for buyer to buy. 

Hope you will do sufficient due dilligence and researches. Lolxx



 

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TradeExpert
Veteran
18-Jan-2022 10:41     
 
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 Alert Admin 		Wow... You really anti CDL.. Always post negative news/comments. Lolxx

The counter price is trending up and no sign of weakness. 

The news that you post is not  unexpected. New Pte home sales down 58% in December is not unexpected. There is a reason why the govt choose december to announce the cooling measures. Just don' t read the lines of newpapers too much. Do your research intensively to get the real market sentiments. Some of the data you can retrieve are from URA to do analysis or you get can most updated/real time info from property agencies. More importantly is see the overall sales for FY 2021 vs other years and the increase in price is almost 10% in a year. The chart/data analysis will show very clearly. Naturally the govt will want to impose the cooling measures. At the start of FY 2021, govt already warn about cooling measures when they notice the pent up demand. Most of the projects are at least 70% sold. This trend will continue towards early FY2023.

Only a few project sales are not doing well with about 40% sold due to the location, layout of the unit, facing the highway. Eg: 1 project in farrer road. 
 
Just name a few factors: 

December is holiday seasons
Many people go holiday via VTL and there will be lesser Sale transactions on M-oM basis
Choosing Dec and at 2300hours to announce the cooling measures is to create a greater impact on the market sentiments to cool down the market abit and trim down the borderline upgraders. This is the group of buyers (borderline upgraders) that the govt is very worried about when interest rates goes up this year by 3 times and each adjustments is about 0.25 points. 
Govt wanna buy time as they did not expect the pent up demand from the market or rather they failed to plan ahead to anticipate the strong market of buying sentiments. The pandemic amplify the situation. 

EC sales dropped 55.4% is due to very little EC new launches and most units for the new launches are almost sold. it is naturally that the statistics will show a drop when there is nothing much for buyer to buy. 

Hope you will do sufficient due dilligence and researches. Lolxx



 
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ETLee8
Master
17-Jan-2022 22:54     
 
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 Alert Admin 		https://www.channelnewsasia.com/business/ura-private-home-sales-december-2021-cooling-measures-2440486
 

New private home sales down 58% in December on the back of cooling measures



SINGAPORE: Sales of new private homes in Singapore fell 58 per cent in December 2021  compared to the previous month, on the back of fresh cooling measures as well as the seasonal year-end lull. 

Excluding executive condominiums (ECs), developers sold 650 units last month, down from 1,547 in November, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jan 17).
 

Including the 69 EC units sold in December, sales dropped by 55.4 per cent.

Year on year, bookings were down  46.6 per cent. However,  total sales in 2021 reached an eight-year high.

Developers launched just 383 units last month -  none of them in the Outside Central Region (OCR). A total of 109 were launched in the  Core Central Region (CCR) and 274 were in the Rest of Central Region (RCR).

This is a drop of 70 per cent from the 1,283 units launched in November.

Of the 650 units  sold in December, 44.9 per cent were in the RCR, 34.5 per cent in the OCR and 20.6 per cent in the CCR.
 

COOLING MEASURES, YEAR-END LULL



Analysts said the decline in sales can be partly attributed to a  package of measures  introduced by the Government in December to cool the private residential and Housing Board (HDB) resale markets.

The measures included raising Additional Buyer&rsquo s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Value (LTV) limit for loans from HDB.

&ldquo The market caught a chill after the Government imposed cooling measures on Dec 16, 2021,&rdquo said  Huttons Asia senior director for research Lee Sze Teck.

&ldquo The year-end festivities, preparation for a new school term and overseas holidays via the vaccinated travel lanes played a role in the lower overall sales.&rdquo

 

OrangeTee & Tie' s senior vice president of research and analytics at OrangeTee & Tie Christine Sun had a similar sentiment. 

" New home sales declined on the back of a double whammy of fresh property cooling measures that took effect on Dec 16 and the year-end holiday season when sales activities typically slow down," said senior vice president of research and analytics at OrangeTee & Tie Christine Sun.

She noted, however,  that the full impact of the new cooling measures is yet to be seen, as  a number of deals were closed before the property curbs kicked in.

" Moreover, the 137-unit Mori at Guillemard Road was launched before the cooling measures which may have driven sales higher. Therefore, January&rsquo s sales figure may provide a clearer picture of the full impact of the property curbs," she added.
 
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tongphlp
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17-Jan-2022 09:42     
 
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China' s property crisis reaches biggest builder Country Garden

Bloomberg  Published on Sun, Jan 16, 2022 / 9:43 PM GMT+8 / Updated 11 hours ago

https://www.theedgesingapore.com/news/china-focus/chinas-property-crisis-reaches-biggest-builder-country-garden
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tongphlp
Supreme
15-Jan-2022 09:31     
 
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 Alert Admin 		buy at $1....like they sold to Sincere at $1...

john_ric      ( Date: 14-Jan-2022 23:52) Posted:

citydev taking advantage of evergrande' s stress assets??
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john_ric
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14-Jan-2022 23:52     
 
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 Alert Admin 		citydev taking advantage of evergrande' s stress assets??
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FlyingCat
Master
14-Jan-2022 19:19     
 
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 Alert Admin 		something might be brewing for this
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tongphlp
Supreme
13-Jan-2022 11:08     
 
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World&rsquo s Worst-Performing Bank Lent Billions to China Evergrande

  • Minsheng shares have led losses in Bloomberg World Banks Index
  • Bank is among the largest creditors to China Evergrande
 
https://www.bloomberg.com/news/articles/2022-01-11/world-s-worst-performing-bank-lent-billions-to-china-evergrande
 
 
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pasttime
Supreme
12-Jan-2022 08:59     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		gls sale always go to reserve as of now. but who knows down the road. as when land is recover due to lease expiry, the original land price already gone into reserve. each time money is taken of the market into reserve it is a burden to people. hope future may slowly move towards 5 %, 10%, 15% after each resale from the inital land sale. so that we do not need to pay more tax.
gst is a good tax as coverage is large and rich pay more then poor due to larger spending. but poor feel get much more as their float for additonal spending is zero. so hope government will throw back the gst tax more the percent taken to the lower level. especiallyi those already retired living on cpf life.
gst will also tax those no tax by income, example friends visiting here. who uses all the infra will now pay for part of cost.  overall impact is inflation, good for property company as rental income will raised together with inflation.

uiop1223      ( Date: 12-Jan-2022 07:50) Posted:

Lol. But according to our intelligent and extremely smart 4G ministers, GLS is to be excluded from govt income because it is non recurring. Hence not enough revenue and need to raise GST 😂 😂 😂 😂

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tongphlp
Supreme
12-Jan-2022 08:01     
 
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 Alert Admin 		For the 2021 year, the STI saw a price gain of 9.8%, finishing the year at 3,123.68, with reinvested dividends boosting the total return of Singapore&rsquo s benchmark to 13.6%.  For the year, the STI was led by Yangzijiang Shipbuilding, DBS Group Holdings and Hongkong Land, with respective total returns of 44.6%, 34.8% and 34.6%. Dairy Farm International, ComfortDelGro Corporation and City Developments, led the STI decliners in 2021 with respective declines in total return of 27.6%, 14.4% and 12.8%.

The region also saw mixed returns in 2021, with the semiconductor-led TAIEX generating a 31.9% total return, while the Hang Seng Index generated a 10.6% decline in total return in (SGD terms). This saw the FTSE Asia Pacific Index end the year with a 1.7% total return.
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tongphlp
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12-Jan-2022 07:51     
 
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Commentary: China' s economy is faltering. The world just doesn' t know it yet


As China' s run of constant exponential economic growth hints at coming to an end, Morgan Stanley' s Ruchir Sharma explains why its effect on the global economy will be underwhelming.
 
https://www.channelnewsasia.com/commentary/china-slowdown-global-economy-economic-2363511
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tongphlp
Supreme
12-Jan-2022 07:50     
 
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The Slow Meltdown of the Chinese Economy by WSJ

https://www.wsj.com/articles/slow-meltdown-of-china-economy-evergrande-property-market-collapse-downturn-xi-cewc-11640032283
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uiop1223
Supreme
12-Jan-2022 07:50     
 
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 Alert Admin 		Lol. But according to our intelligent and extremely smart 4G ministers, GLS is to be excluded from govt income because it is non recurring. Hence not enough revenue and need to raise GST 😂 😂 😂 😂
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pasttime
Supreme
12-Jan-2022 07:37     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		it is not a motherhood statement. it is a fact that not all know. so i just talk talk only,
good day bro
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tongphlp
Supreme
12-Jan-2022 07:22     
 
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 Alert Admin 		that' s a motherhood statement...whole of Singapore belongs to Govt..to increase land, they sought to reclaim land from the sea but of course in everything, there' s a limit.

pasttime      ( Date: 12-Jan-2022 06:53) Posted:

government is the largest land owner and planner in Singapore. all land sold are recylced back for sale after number of years. like those build during Haji Omar Lim Yew Hock time,  geylang lorong 3 already lease expired and return to government.

uiop1223      ( Date: 11-Jan-2022 16:34) Posted:

If you follow the property market, developers have not much land left. Hopefully supply of GLS will increase.. but we all know supply of land is limited in sg
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pasttime
Supreme
12-Jan-2022 06:53     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		government is the largest land owner and planner in Singapore. all land sold are recylced back for sale after number of years. like those build during Haji Omar Lim Yew Hock time,  geylang lorong 3 already lease expired and return to government.

uiop1223      ( Date: 11-Jan-2022 16:34) Posted:

If you follow the property market, developers have not much land left. Hopefully supply of GLS will increase.. but we all know supply of land is limited in sg
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tongphlp
Supreme
12-Jan-2022 05:23     
 
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 Alert Admin 		look towards the nearby islands...pulau tekong, ubin....else build higher and upwards..

uiop1223      ( Date: 11-Jan-2022 16:34) Posted:

If you follow the property market, developers have not much land left. Hopefully supply of GLS will increase.. but we all know supply of land is limited in sg
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uiop1223
Supreme
11-Jan-2022 16:34     
 
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 Alert Admin 		If you follow the property market, developers have not much land left. Hopefully supply of GLS will increase.. but we all know supply of land is limited in sg
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