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PR Newswire
15-06-2012, 11:20 AM
http://www.channelnewsasia.com/stories/s...46/1/.html
This article tells you the picture of whats ahead with the property scene in Spore. Spore bank ability to finance is also dependent on their ability to underwrite their own borrowing? Others claim that our banks are flooded with oversea money parked here?
Once money parked here means liquid deposit and anytime can move in short notice. If it had not been the open policy of liberal banking, Spore could not attract so much money from offshore source?
When liquidity becomes tight, we will see the impact of lending to property and just look at how bias our press is towards Capitaland the leading culprit that cause all these exorbitant land tender price at record breaking level. It will continue to be flush with liquidity, property Co. may not die but the people better be able to secure their jobs to continue to pay the mortgage, otherwise everything can spin out of control.
How come gov is so concern about cooling the property? They obviously dont have the full picture and their over building program can easily be tampered again if the demand fall with a open door policy on foreigners!
Gov, property Co. (that have ability to inject liquidity) and bank they will all continue to be strong - but you and I will have no other means out except to fortify our earning ability to meet their ever increasing cost and profit demand. Essentially, the 3 hedge stone are the cornerstones of our economy that taxes and support the rich gov servant, property tycoon and old wealth bankers - the public benefit a little but pays a lot more until the day I hand over my IC, gov still hold my CPF money for the benefit of who?
Meanwhile, nothing can be done to our investment in the market nor savings in bank. They are not eroded by common daily essential but mostly COE, land price (bid 900/sqft, and sell breakeven at 1200? profit so little, who is the ultimate beneficiary? ) at the end of the day, the Papaya will pay the for by vote. The
The next generation will never ever have a dream unless their salary can be increase much faster then the sky high cost of property and it would mean older generation will have to foot for more expensive service cost!
This article tells you the picture of whats ahead with the property scene in Spore. Spore bank ability to finance is also dependent on their ability to underwrite their own borrowing? Others claim that our banks are flooded with oversea money parked here?
Once money parked here means liquid deposit and anytime can move in short notice. If it had not been the open policy of liberal banking, Spore could not attract so much money from offshore source?
When liquidity becomes tight, we will see the impact of lending to property and just look at how bias our press is towards Capitaland the leading culprit that cause all these exorbitant land tender price at record breaking level. It will continue to be flush with liquidity, property Co. may not die but the people better be able to secure their jobs to continue to pay the mortgage, otherwise everything can spin out of control.
How come gov is so concern about cooling the property? They obviously dont have the full picture and their over building program can easily be tampered again if the demand fall with a open door policy on foreigners!
Gov, property Co. (that have ability to inject liquidity) and bank they will all continue to be strong - but you and I will have no other means out except to fortify our earning ability to meet their ever increasing cost and profit demand. Essentially, the 3 hedge stone are the cornerstones of our economy that taxes and support the rich gov servant, property tycoon and old wealth bankers - the public benefit a little but pays a lot more until the day I hand over my IC, gov still hold my CPF money for the benefit of who?
Meanwhile, nothing can be done to our investment in the market nor savings in bank. They are not eroded by common daily essential but mostly COE, land price (bid 900/sqft, and sell breakeven at 1200? profit so little, who is the ultimate beneficiary? ) at the end of the day, the Papaya will pay the for by vote. The
The next generation will never ever have a dream unless their salary can be increase much faster then the sky high cost of property and it would mean older generation will have to foot for more expensive service cost!