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02-07-2014, 07:16 AM
(This post was last modified: 02-07-2014, 07:18 AM by specuvestor.)
Foreign investors were buying when prices were higher and yields lower. The cash and tax is the differentiator
Yeah property developers can cut prices instead of lamenting that Singapore do not attract "investment" (translate: hot money) when we are still 2nd in asia prices behind HK. OTOH high cost of factors of production is a real threat to our competitiveness, which includes high property price
Yeah property developers can cut prices instead of lamenting that Singapore do not attract "investment" (translate: hot money) when we are still 2nd in asia prices behind HK. OTOH high cost of factors of production is a real threat to our competitiveness, which includes high property price
(02-07-2014, 12:13 AM)Contrarian Wrote: > No reason to change course at least till after next GE since housing affordability was a hot issue and remains a touchy one...
MND already relax the deleveraging plan early this year.
Foreign investors are not buying because of high prices, low yields and higher cash requirements.
MCL Land cut price by 10% on Hallmark and it sold 50%. So CDL boss and other developers can relax their selling prices and move the units and avoid paying penalty on empty units!
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)