Post Reply
381-400 of 794
Yup Propnex price a bit scary, altho it retreated from ATH of $2.1x.
I rather tikam on APAC cos it hasn' t even reached $1 yet.
I rather tikam on APAC cos it hasn' t even reached $1 yet.
Elf2000 ( Date: 19-Aug-2021 11:46) Posted:
|
Ya, that was scary 50% of your capital gone! But this Propnex current price also scary one...
look@bright ( Date: 19-Aug-2021 11:06) Posted:
|
wah, i remember Apac realty drop from $1.20 to 60c after Govt announced additional cooling measures in 2017
mrwise ( Date: 19-Aug-2021 10:03) Posted:
|
its more about sharing in forum like this, let others read and feel it thanks
bxylqwan ( Date: 19-Aug-2021 10:59) Posted:
|
if you cant beat them, join them.
no need to write grandfather grandmother story all the time
no need to write grandfather grandmother story all the time
honesty ( Date: 19-Aug-2021 10:26) Posted:
|
every transaction iras earns big bucks fm stamp duty/property tax, buyers take 35 years loan/ workers shortage, takes longer to build homes, strong selling mentality of prices rising by agents as well as capital appreciation and FOMO (fear of missing out), flip the coin, no matter which side, iras earns. y cooling measures needed! perhaps 2024, then something brews
agencies are good in talking about captial appreciation and govt does not even think of captial gain tax which many western countries do. China is gaining traction on property pricing with more measures implemented, yet land scarce singapore allows any fair weather investors/buyers, only 20% absd, (chicken feet to some foreigners who fear leaving too much money in their own countries). and also many well-to-do local buyers use trust to buy without incurring absd including financing adult children to buy
should not close eyes to all these, there must be proper follow through on price control with more measures from captial gain tax to 2nd property purchase absd for local buyers of 20% instead of 12% now. foreigners should pay 30% ABSD, anyway, remaining properties for sale getting very less, developers should not worry yet without too many workers, their construction contractors also cannot build so fast
Also commercial property shophouses no SSD and ABSD when this type of property only about 6500 change hands the next day to profit from it, why CAPITAL GAIN TAX is a MUST
DYODD
agencies are good in talking about captial appreciation and govt does not even think of captial gain tax which many western countries do. China is gaining traction on property pricing with more measures implemented, yet land scarce singapore allows any fair weather investors/buyers, only 20% absd, (chicken feet to some foreigners who fear leaving too much money in their own countries). and also many well-to-do local buyers use trust to buy without incurring absd including financing adult children to buy
should not close eyes to all these, there must be proper follow through on price control with more measures from captial gain tax to 2nd property purchase absd for local buyers of 20% instead of 12% now. foreigners should pay 30% ABSD, anyway, remaining properties for sale getting very less, developers should not worry yet without too many workers, their construction contractors also cannot build so fast
Also commercial property shophouses no SSD and ABSD when this type of property only about 6500 change hands the next day to profit from it, why CAPITAL GAIN TAX is a MUST
DYODD
mrwise ( Date: 19-Aug-2021 10:03) Posted:
|
Y no cooling measures??? Let the housing prices continue to run up?
Sgvale ( Date: 19-Aug-2021 09:04) Posted:
|
if all want to save money...
then open ur restaurant/supermarket and repair shop in your own house,,,
do not need to pay a high service fee for the food prepare in hawker and restaurant,,,cook at home,
do not need to pay the fat margin that supermarkets are earning,,, order ur food directly with the overseas suppliers, best go to pasir panjang wholesale to buy your own vegetable, or may be u can open ur own import company to import ur own needs,,,, including petrol.
and ask ur children to walk to the school, so do not need to pay the fares for their transportation...
do not need the gov service,, so do not need to pay income tax
better build your flat or condo,, u can save up the huge profit margin that the developers are enjoying !!
i thimk better buy an island outside the real world, set up ur own system and stay alone,,, better think twice, cos ur family member might not want to join you
then open ur restaurant/supermarket and repair shop in your own house,,,
do not need to pay a high service fee for the food prepare in hawker and restaurant,,,cook at home,
do not need to pay the fat margin that supermarkets are earning,,, order ur food directly with the overseas suppliers, best go to pasir panjang wholesale to buy your own vegetable, or may be u can open ur own import company to import ur own needs,,,, including petrol.
and ask ur children to walk to the school, so do not need to pay the fares for their transportation...
do not need the gov service,, so do not need to pay income tax
better build your flat or condo,, u can save up the huge profit margin that the developers are enjoying !!
i thimk better buy an island outside the real world, set up ur own system and stay alone,,, better think twice, cos ur family member might not want to join you
without prejudice
our regulatros should pull up their socks, work harder to simply transactions, no need to pay 2% to agents and get your homes sold. Buyers can also go direct to DEVELOPERS TO BUY AND GET THE COMMISSION DISCOUNT, which the agents receive. Win Win for buyers, sellers and developers. Doing this, will help alleviate companies in Singapore (on manpower shortage instead of relying foreigners), get more employment from these high paying commission to agents who only close one deal (average 5% commission for new projects) and rest the whole year, what a waste of human capital
Wake up REGULATORS - just simply the process with a one-stop centre set up in community centres. and the regulators would be indirectly helping the govt when buyers/sellers/developers are happy with simplified process. Buyers/sellers save the commission so are the developers, no need to vie for their projects to be prioritised and marketed aggressively by hungry agents going out all their best for the best and high paying commission of those developers wanting their projects to be sold first over lower paying commission developers!
our regulatros should pull up their socks, work harder to simply transactions, no need to pay 2% to agents and get your homes sold. Buyers can also go direct to DEVELOPERS TO BUY AND GET THE COMMISSION DISCOUNT, which the agents receive. Win Win for buyers, sellers and developers. Doing this, will help alleviate companies in Singapore (on manpower shortage instead of relying foreigners), get more employment from these high paying commission to agents who only close one deal (average 5% commission for new projects) and rest the whole year, what a waste of human capital
Wake up REGULATORS - just simply the process with a one-stop centre set up in community centres. and the regulators would be indirectly helping the govt when buyers/sellers/developers are happy with simplified process. Buyers/sellers save the commission so are the developers, no need to vie for their projects to be prioritised and marketed aggressively by hungry agents going out all their best for the best and high paying commission of those developers wanting their projects to be sold first over lower paying commission developers!
Government still turn blind eyes. No cooling
Analysts cool on APAC Realty, but still recommend PropNex
APAC Realty APAC Realty: CLN +0.54% may risk being hit by cooling measures amid the recent property market euphoria, RHB said. Meanwhile, analysts at Lim & Tan Securities said PropNex PropNex: OYY +1.6% has stronger financial metrics.
RHB downgraded its call on APAC Realty to " neutral" from " buy" , but raised its target price to S$0.88 from S$0.70, noting that its valuation - 13 times the broker' s estimates for its FY2022 earnings - is fair " considering the risk-reward profile" .
At the same time, Lim & Tan Securities has an " accumulate" call on PropNex with a target price of S$2.19, noting that the company' s fundamentals have not turned negative despite the pandemic, it said on Wednesday.
On Wednesday, shares of APAC Realty closed at 93.5 Singapore cents, up half a cent or 0.54 per cent, while shares of PropNex closed at S$1.91, three cents higher or up 1.6 per cent.
Analysts at Lim & Tan Securities said it is justified that PropNex should continue to trade at a premium relative to APAC Realty, given that it is more than twice the size of the latter in terms of market capitalisation and is also a more attractive real estate broker. The analysts expect long-term growth potential for PropNex will be 13.5 per cent going forward.
The research team noted that PropNex has a higher return on equity and net profit than APAC Realty. The real estate broker also has a stronger balance sheet, with a net cash position of S$0.326 per share, compared to APAC Realty' s net debt position of S$10.4 million, or net gearing of 6.3 per cent.
Lim & Tan Securities is forecasting a 106 per cent growth in PropNex' s net profit for FY2021 to S$60.1 million. It also expects the company to pay a dividend of 11 cents per share for the full year, versus just 5.5 cents in FY2020. This would translate to a payout ratio of 67.7 per cent for FY2021, versus 70 per cent in FY2020.
Meanwhile, APAC Realty may be hit by demand-side measures in the near term amid strong sales in both the primary and private resale markets, as well as a series of price hikes, said RHB analyst Vijay Natarajan.
Furthermore, although APAC Realty " blew past market expectations with a strong set of Q2 numbers and a surprise big dividend payout" , earnings will likely peak this year due to reducing inventory levels and the release of pent-up demand, Mr Natarajan said.
He raised net profit estimates for the company by 28 per cent and 18 per cent in FY2021 and FY2022, respectively, to factor in the strong residential volume, but expects earnings will decline 15 per cent next year on falling inventory levels in the primary market.
PropNex, ERA dominate in HDB resale and leasing transactions
The two agencies' pole positions in the HDB resale brokerage business also generate ample leads for new private home sales, enabling them to gain an advantage there as well: IREUS
PROPERTY agents from PropNex Realty and ERA Realty Network have brokered about 70 per cent of resale transactions of Housing and Development Board (HDB) flats every year since 2017.
In the residential leasing segment, both agencies - Singapore' s largest two based on the number of salespersons - likewise accounted for the bulk of the deals, going by data from the Council for Estate Agencies (CEA).
The Institute of Real Estate and Urban Studies (IREUS) noted that PropNex' s and ERA' s pole positions in the HDB resale brokerage business also generate ample leads for new private home sales, enabling them to gain an advantage there as well.
" The two agencies have leveraged their hegemony in the public housing resale market, to secure a head start for their project marketing teams, especially in the upgrader market in the Outside Central Region," said Lee Nai Jia, deputy director of IREUS at the National University of Singapore.
In the first half of 2021, PropNex agents were involved in 39 per cent of the HDB resale transactions recorded by CEA, while ERA agents brokered nearly 30 per cent. Their respective shares of the market had stayed largely consistent from 2017 to 2020.
Meanwhile, salespersons from the third to fifth largest agencies facilitated a combined 19 per cent of the HDB resale volume on average each year, over the same period. Beyond the top 10 rankings, each agency captured only a minuscule proportion, ranging from zero to 0.4 per cent.
PropNex and ERA housed more than half of the 30,399 real estate agents in Singapore as at Jan 1, 2021.
For prospective buyers and sellers of HDB resale flats, the two firms' dominance could translate into well-trained and experienced agents who are able to market properties effectively, Dr Lee said.
Competition among individual agents, even within the same agency, will also reduce the chances of commissions creeping up. " However, buyers and sellers may find salespersons from the two agencies sharing similar narratives, making it harder for consumers to obtain a second opinion," he noted.
Both firms have been able to build " significant informational advantages" over their competitors, Dr Lee said.
For instance, their access to a large number of deals and massive networks of prospective buyers and sellers have produced timely market intelligence.
" While HDB offers sales data after each transaction is done, these agencies can gauge consumer sentiment even as their associates are negotiating deals," he explained.
What may help level the playing field are platforms such as OneMap, the URA Space map portal and property listing websites, which offer substantial information and networking resources.
But despite such data democratisation, the top two agencies have maintained their leadership in the HDB resale market, owing to competitive commissions and their strong track records that in turn reinforce their branding, Dr Lee said.
" For smaller players, the cost to break into this market will be high, and without economies of scale, commission revenue from brokering resale flats may not be sufficient for them to break even," he added. " Therefore, some of the other agencies may find it more worthwhile to focus on other real estate segments."
When it comes to the leasing of HDB flats and non-landed private residential properties, a similar skew can be seen, albeit with a tad more competition. The five biggest agencies dominate in these rental markets.
Last year, PropNex and ERA brokered a combined 59 per cent of the 30,869 leasing transactions of HDB flats that were facilitated by agents. OrangeTee & Tie ranked third with 18 per cent, followed by SRI and Huttons Asia with 3 per cent each.
For non-landed private homes, including executive condominiums, ERA facilitated the most leasing transactions, bringing in nearly 31 per cent of 2020' s total volume. OrangeTee & Tie took second place with 25 per cent SRI and Huttons came next, with about 5 per cent each, followed by PropNex at 4 per cent.
In the landed housing segment, ERA, PropNex and OrangeTee & Tie brokered a combined 65 per cent of the number of leasing deals last year.
Dr Lee said that the agency scene tends to be more competitive for homes that fetch higher rents, as those work out to higher commission amounts.
The cost to put up listings on platforms are the same for all types of residential properties, while the time and effort expended are also similar. " Given this, smaller agencies are likely to gravitate towards higher-end properties, as the costs to break into the mass market will be prohibitive without sufficient scale," Dr Lee pointed out.
Analysts cool on APAC Realty, but still recommend PropNex
APAC Realty may risk being hit by cooling measures amid the recent property market euphoria, RHB said. Meanwhile, analysts at Lim & Tan Securities said PropNex has stronger financial metrics.RHB downgraded its call on APAC Realty to " neutral" from " buy" , but raised its target price to S$0.88 from S$0.70, noting that its valuation - 13 times the broker' s estimates for its FY2022 earnings - is fair " considering the risk-reward profile" .
At the same time, Lim & Tan Securities has an " accumulate" call on PropNex with a target price of S$2.19, noting that the company' s fundamentals have not turned negative despite the pandemic, it said on Wednesday.
As at 2.48pm on Wednesday, shares of APAC Realty were trading at S$0.94, up S$0.01 or 1.1 per cent, while shares of PropNex were trading at S$1.92, up S$0.04 or 2.1 per cent.
Analysts at Lim & Tan Securities said it is justified that PropNex should continue to trade at a premium relative to APAC Realty, given that it is more than twice the size of the latter in terms of market capitalisation and is also a more attractive real estate broker. The analysts expect long-term growth potential for PropNex will be 13.5 per cent going forward.
The research team noted that PropNex has a higher return on equity and net profit than APAC Realty. The real estate broker also has a stronger balance sheet, with a net cash position of S$0.326 per share, compared to APAC Realty' s net debt position of S$10.4 million, or net gearing of 6.3 per cent.
Lim & Tan Securities is forecasting a 106 per cent growth in PropNex' s net profit for FY2021 to S$60.1 million. It also expects the company to pay a dividend of 11 cents per share for the full year, versus just 5.5 cents in FY2020. This would translate to a payout ratio of 67.7 per cent for FY2021, versus 70 per cent in FY2020.
Meanwhile, APAC Realty may be hit by demand-side measures in the near term amid strong sales in both the primary and private resale markets, as well as a series of price hikes, said RHB analyst Vijay Natarajan.
Furthermore, although APAC Realty " blew past market expectations with a strong set of Q2 numbers and a surprise big dividend payout" , earnings will likely peak this year due to reducing inventory levels and the release of pent-up demand, Mr Natarajan said.
He raised net profit estimates for the company by 28 per cent and 18 per cent in FY2021 and FY2022, respectively, to factor in the strong residential volume, but expects earnings will decline 15 per cent next year on falling inventory levels in the primary market.
Incredible high
Dividend is keeping its price stable
Sgvale ( Date: 16-Aug-2021 17:20) Posted:
|
Many fall. Still strong propnex
you keep talking so much also no use la. property market booming more than ever. agents still making their comfortable 6 digit salaries every month
honesty ( Date: 12-Aug-2021 13:09) Posted:
|
today selldown in nano n med shows that property is the safest investment
Low volume. Able to HODL? Not to forget their net profit and dividend payout has been bullish?
without prejudice
hopefully not pump and dump, agencies are at the mercy of developers' high commission proposal to move fast their units. many developers offer much higher commission when the duration to sell on from land bid within 5 years would benefit agencies, after that developers have not many projects available would just wind down the commission from 4 to 10% to 1 to 1.5%, what do they earn with high admin operating overhead albeit no need pay salaries. agencies always prefer newbies so they could make 30% of all commissions earned from newbie real estate sales personnel
govt is feeling squeezed from high price private residences and landed houses, soon more cooling measure would kick in otherwise getting kicked out of the relevant portfolios will be too late to get back the citizens support. measured purchases by foreigners and locals on decoupling implemented would help bring prices lower and make citizens happy which could help mitigate anger albeit lower commissions earned and this will inevitable happen. agencies must not over encourage competitors' agents to keep joining and depend on numbers game. pandemic will come off soon and interest rates will shoot up, this would cause genuine pain to loan home owners
DOYDD
hopefully not pump and dump, agencies are at the mercy of developers' high commission proposal to move fast their units. many developers offer much higher commission when the duration to sell on from land bid within 5 years would benefit agencies, after that developers have not many projects available would just wind down the commission from 4 to 10% to 1 to 1.5%, what do they earn with high admin operating overhead albeit no need pay salaries. agencies always prefer newbies so they could make 30% of all commissions earned from newbie real estate sales personnel
govt is feeling squeezed from high price private residences and landed houses, soon more cooling measure would kick in otherwise getting kicked out of the relevant portfolios will be too late to get back the citizens support. measured purchases by foreigners and locals on decoupling implemented would help bring prices lower and make citizens happy which could help mitigate anger albeit lower commissions earned and this will inevitable happen. agencies must not over encourage competitors' agents to keep joining and depend on numbers game. pandemic will come off soon and interest rates will shoot up, this would cause genuine pain to loan home owners
DOYDD
HappyBunny ( Date: 12-Aug-2021 12:45) Posted:
|