Housing market slowing down on all fronts - ST front page by Cheryl Ong
"Demand for HDB flats has been reduced by an engineering of policies for a sustainable public housing market, while the supply of new flats has been increased," said Mr Mohamed Ismail, CEO PropNex.
Me Chanel Pang, 28, a sales account manager, is looking at up coming launch.
"Genuine home-buyers have the opportunity to go into the market now, since investors have less ability to buy."
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Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
(25-01-2014, 08:56 AM)corydorus Wrote: [ -> ]Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
Not the first time. After govt give in, they never play ball.
Never see any developers cut prices and lelong like in HK.
Let a few developers die. To wake up their ideas.
(25-01-2014, 09:48 AM)opmi Wrote: [ -> ] (25-01-2014, 08:56 AM)corydorus Wrote: [ -> ]Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
Not the first time. After govt give in, they never play ball.
Never see any developers cut prices and lelong like in HK.
Let a few developers die. To wake up their ideas.
i don't think the developers can die so easily after so many layers of accumulated fats throughout the plentiful years. So are the fattened professional speculators. They may just hibernate like the snakes or bears in Winters' time.
Only the "retail investors" who may not have the deep pockets to ride through the coming tornadoes, may die.
"Nobody can predict the future but we all can always be prepared."
(25-01-2014, 01:14 PM)Temperament Wrote: [ -> ] (25-01-2014, 09:48 AM)opmi Wrote: [ -> ] (25-01-2014, 08:56 AM)corydorus Wrote: [ -> ]Seems like the developers and speculators have developed crying baby syndromes on the first sign of drops.
My take is that more should be coming.
Not the first time. After govt give in, they never play ball.
Never see any developers cut prices and lelong like in HK.
Let a few developers die. To wake up their ideas.
i don't think the developers can die so easily after so many layers of accumulated fats throughout the plentiful years. So are the fattened professional speculators. They may just hibernate like the snakes or bears in Winters' time.
Only the "retail investors" who may not have the deep pockets to ride through the coming tornadoes, may die.
"Nobody can predict the future but we all can always be prepared."
I think there are "developers" and there is tourist "developers". The latter are people like popular/aspial/etc who don't have the years of accumulated fat like the big boys. The latter group are more likely to struggle.
And of course retail investors, in every bubble pop, are always the ones to take the hit.
Go check out the smaller listed developers that had launched projects in mid 2013 and has yet to achieved more than 20% sales, and their balance sheet. You will know which are the ones that are going to cut prices soon.
If they don't cut prices to move sales, they will realize that it's too late to take profit. Those that are over leveraged will be cutting prices soon. Well, they can still go for rights issue to lower their debts, provided the shareholders take the bait.
Most of the developers are still holding the units prices, they maybe betting the curbs will be short-lived or there will be another wave of buying coming soon.
(27-01-2014, 12:06 AM)Freenasi Wrote: [ -> ]Most of the developers are still holding the units prices, they maybe betting the curbs will be short-lived or there will be another wave of buying coming soon.
The major developers have the financial strength to hold. The smaller developers who have higher borrowing costs and higher leverage will be the first to cut prices. You just need to wait for the cracks to propagate and spread.
RE: Top five developers to watch in 2014
some observations of SG developers
Net seller - CDL
Still playing -FCL solo, Oxley, Kingsford.
Backside itchy - Wheelock (AMK Panorama site)
Not playing - Ho Bee, Eastern Holdings, Fragrance,
Playing it safe via JV- Integrated developers aka former construction companies (LianBeng/KohBros/Heeton/HiapHoe)
Selective plays - Capitaland/Keppel
Stuck High End - Wing Tai, SC Global/Wheelock/OUE
Too much money - China Sonangol
Isn't Ho Bee stuck high end?
how is the Sentosa Cove going on these days? Thought Ho bee still has hundreds of units unsold(wholly owned or within joint venture)?