D8 | Citylights (42 x4 floors)

[Excelsvr]

*Reason, not rwason.

[Excelsvr]

Yes, that is true.

[Excelsvr]

Yes, that is true!

[Excelsvr]

Hey did you guys see classifieds today? One owner of ~4X-04 asking for $1800psf! This is getting CRAZY.

[KK Boy]

Originally Posted by Excelsvr

hey did you guys see classifieds today? one owner of ~4X-04 asking for $1800psf! this is getting CRAZY

The top floor at Block 80 is 41st floor, which is a penthouse and hence 4X-04 has to be 40-04.

[stingraytan]

keke... not very smart with the 4X-04 then eh?? if want confidentiality, better to go with 40-0X??

[Excelsvr]

Haha that tickles.

[Excelsvr]

KK Boy whats your opinion on the bullish property market, and HOW DOES IT AFFECT CITYLIGHTS.
From what I know, citylights price started at an average of $600psf, and now its around $1200 psf!
what a profit!

[KK Boy]

Originally Posted by Excelsvr

KK Boy whats your opinion on the bullish property market, and HOW DOES IT AFFECT CITYLIGHTS.
fROM what i know, citylights price started at an average of $600psf, and now its around $1200 psf!
what a profit!

As long as the prices for the nearby newly launched properties get higher, the selling prices of Citylights will follow suit. If the recent "sub-prime" problem does not dampen the sentiment, the price should conitnue to go up.

[Excelsvr]

Oh, I see.
Keke. You are well versed in this buoyant property market.
Btw, what does IMO mean? Just a casual question.

[stingraytan]

In My Opinion

[Excelsvr]

ooooo Thanks!

[darwisk]

The global stock price took a big hit. STI has lost all its gain for this year. It even went lower to the opening price in 2007. Seems that the credit crunch is really has affected world wide. Developer will definitely have an issue in getting fund for enblock activities.

Fewer en-block. Fewer new development. Looks like the property market in Singapore will take a hit. I believe that the price surge will cool down. Combine with the hungry ghost affect, it looks bleak at the moment. Anybody agree with me?

[stingraytan]

Originally Posted by darwisk

The global stock price took a big hit. STI has lost all its gain for this year. It even went lower to the opening price in 2007. Seems that the credit crunch is really has affected world wide. Developer will definitely have an issue in getting fund for enblock activities.

Fewer en-block. Fewer new development. Looks like the property market in Singapore will take a hit. I believe that the price surge will cool down. Combine with the hungry ghost affect, it looks bleak at the moment. Anybody agree with me?

Perhaps this should be in the property trend thread instead?

Anyway, i think with all investment discussion, a time line should be set.
Different outlook, different holding period for different type of investors..
Flippers who got into the mkt in the past month are probably losing some sleep, but i dont think long term investors are worrying too much. They may sell certain units for sure, but with the intention of buying more at a bigger discount..

But sentiments wise, its certainly sending jitters eh?? have closed out all my stocks and shares investment a year ago, so not really "caught" in the down side this time round, but no use.. all my $ tied in property liao, cannot capitalise..

[Maverick713]

Originally Posted by darwisk

The global stock price took a big hit. STI has lost all its gain for this year. It even went lower to the opening price in 2007. Seems that the credit crunch is really has affected world wide. Developer will definitely have an issue in getting fund for enblock activities.

Fewer en-block. Fewer new development. Looks like the property market in Singapore will take a hit. I believe that the price surge will cool down. Combine with the hungry ghost affect, it looks bleak at the moment. Anybody agree with me?

The only hope is for the Feds to cut interest rates quickly to pump up the equity market to avoid a global meltdown ..... I am sure quite a lot of us are dismayed to see our net worth plummet so much within a short time.

[KK Boy]

Singapore shares down more than 5% in afternoon trade

(Source : Internet news from Channel News Asia @ 17 Aug 2007)

Singapore share prices were down more than 5.0 percent in afternoon trade Friday, with the index falling below 3,000 points due to fears of a global liquidity crunch, dealers said.

As key regional stock markets like Japan and Hong Kong reported massive losses, the benchmark Straits Times Index (STI) quickly reversed a feeble rally in the morning. The STI was down 160.88 points to 2,991.28 as of 2:19 pm (0619 GMT).
DMG and Partners Securities dealing director Gabriel Yap said the market was still trying to find support following the recent sharp falls.

"Having been sold down quite badly in recent days, you can't expect it to recover so quickly," Yap said.

Daniel McCormack, a strategist at Macquarie Securities in Hong Kong, said it might be too early to re-enter the Singapore market because it looked overvalued when compared with other markets in East Asia.

"Singapore companies had decent results in the first half of the year, but we're concerned earnings growth is going to slow," McCormack said.

[Maverick713]

Originally Posted by KK Boy

the benchmark Straits Times Index (STI) quickly reversed a feeble rally in the morning. The STI was down 160.88 points to 2,991.28 as of 2:19 pm (0619 GMT).

Luckily an hour after this report the STI has staged a strong rebound from -ve 160 points. I think the STI is recovering quickly.

[stingraytan]

sti at 3126... not bad not bad..

[KK Boy]

Originally Posted by Maverick713

Luckily an hour after this report the STI has staged a strong rebound from -ve 160 points. I think the STI is recovering quickly.

Marverick, you must be a share investor and follow it very closely.

[KK Boy]

Most of you invest in both the shares and properties.