Comments on: At Property Peaks, Don’t Buy

By: Whats your net worth - Page 50 - Salary.sg Forums

Whats your net worth - Page 50 - Salary.sg Forums — Fri, 23 Dec 2011 14:15:27 +0000

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By: nah

nah — Tue, 27 Jul 2010 14:44:52 +0000

ireland should learn from singapore. just massively import foreign workers and they’ll get their property to boom like no tomorrow. easy!

(actually, i think the irish aren’t that stupid to let that happen, unlike us stupid sinkies.)

By: Bear

Bear — Tue, 27 Jul 2010 13:54:14 +0000

“rich foreigners buy our condos, we make money. poor foreigners rent our condos, we make money.”

That is the myth that developers, property agents and the government wants you to believe. Put your money in condos and there will always be a foreigner who can buy/rent the place.

Have you seen how sluggish the rental market is or how many empty completed condos there are?
Check out what happened in Ireland:
http://news.bbc.co.uk/2/hi/europe/8653949.stm

This could happen here too!!!

By: Amy

Amy — Tue, 27 Jul 2010 12:18:49 +0000

poor folk looks pity, they need to work till they cant do.

By: g_

g_ — Tue, 27 Jul 2010 04:37:19 +0000

yes, that’s ok too. rich foreigners buy our condos, we make money. poor foreigners rent our condos, we make money. Only the poor folk lose out.

Let’s hope the poor do not get smart enough to vote our our dear PAP.

More Lift Upgrading programmes and Drainage Improvement Works and National Day Parades to keep them all happy and cheerful.

By: errr

errr — Tue, 27 Jul 2010 04:07:56 +0000

foreigners buy condo these days, they don’t rent anymore. That’s why property prices are increasing much faster than rental rates.

By: g_

g_ — Mon, 26 Jul 2010 14:20:43 +0000

yes, i really hope pap survives the next election unscathed… we really need the foreigners to help boost our economy, otherwise who’s gonna rent our condos????

By: When Buying Properties, Avoid Flood-Prone Areas | Salary.sg - Your Salary in Singapore

Sat, 24 Jul 2010 13:17:29 +0000

[...] « At Property Peaks, Don’t Buy [...]

By: don't worry

don't worry — Fri, 23 Jul 2010 07:49:01 +0000

don’t worry, they will massively import more foreigners – unskilled, semi-skilled, highly skilled ones, blue collar and white collar, lock stock and barrel – immediately after the elections. this, along with never ending construction work, will boost our GDP numbers to the roof.

to exploit it, just buy government linked stocks.

for those in lower middle class, or the “masses”, take care. maybe buy toto or 4D. good luck.

By: MNC

MNC — Fri, 23 Jul 2010 07:40:10 +0000

True, but the main problem in Singapore is that income levels have NOT risen in tandem with property prices.
The perception seems to be that Singapore will grow itself out of this situation. But the problem with that argument is most real estate being built is not for the masses. This is not affordable housing for the middle class. These are high-end condos with limited rental yield potential. How many expats get a full benefits package nowadays? Most of my expat colleagues come here on local contracts now because of the sluggish job market in western countries…

I wonder how much of Singapore’s GDP growth is construction. And if they stop construction, the GDP growth will go negative quickly. That’s not going to happen because here, people are rewarded at almost every level of government for making their economic growth numbers. The easiest way to do this: put up another building. So Singapore is really hooked on this sort of heroin of real estate development. This has already lead to a hidden oversupply of condos, just look at the Sail in Marina or Icon. Both TOP a couple of years ago but many units are still unoccupied.