socrates469bc Posted April 12, 2020 Share Posted April 12, 2020 ........ so that means fire sale soon in jun????? kgk xdd @HarrisY , ur laopeh interested to join me group buy parc sophia apartments??? https://www.scmp.com/week-asia/economics/article/3079409/coronavirus-singapore-property-prices-set-tumble-fire-sales https://www.parcsophia.cos.sg/index.php/floor-plans/ https://www.propertyguru.com.sg/project/parc-sophia-1300 Link to comment Share on other sites More sharing options...
The_King Posted April 12, 2020 Share Posted April 12, 2020 (edited) hahahaahha confirm it will fire sale. this crisis is hit so much harder then 1997. look at my quiet com area series, you know already. i started that thread 1 or 2 yr ago when i notice there many many empty com store/shop Edited April 12, 2020 by The_King 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted April 12, 2020 Author Share Posted April 12, 2020 6 minutes ago, The_King said: hahahaahha confirm it will fire sale. this crisis is hit so much harder then 1997. look at my quiet com area series, you know already. i started that thread 1 or 2 yr ago when i notice there many many empty com store/shop i waiting for good value buys. but for now, better value in sgx futures. wahahahahhahaha 1 Link to comment Share on other sites More sharing options...
The_King Posted April 12, 2020 Share Posted April 12, 2020 Just now, socrates469bc said: i waiting for good value buys. but for now, better value in sgx futures. wahahahahhahaha hahahaha, shark tank big shark. hahaha btw if those gents say sgp properties wont fire sale, then ask them to buy to prove it 1 Link to comment Share on other sites More sharing options...
aaur4man Posted April 12, 2020 Share Posted April 12, 2020 Gov wont let it crash Temasek invest in property also Link to comment Share on other sites More sharing options...
socrates469bc Posted April 12, 2020 Author Share Posted April 12, 2020 Just now, The_King said: hahahaha, shark tank big shark. hahaha btw if those gents say sgp properties wont fire sale, then ask them to buy to prove it confirm there will be waves of corporate bankruptcies and property lelongs in the coming mths until early next yr. the weak economy will last at least 2 yrs, so no need to rush. now is the time to really make big money on sgx. wahahahahhahah 2 Link to comment Share on other sites More sharing options...
socrates469bc Posted April 12, 2020 Author Share Posted April 12, 2020 5 minutes ago, aaur4man said: Gov wont let it crash Temasek invest in property also it is not a question of whether the govt will support or not. the issue here is whether there will be buying interest or not and if the holding power is there. many kgks and companies bot properties in the past 5 yrs on low rate mortgage financing and they r able to service the loans since the economy was still holding up. with this economic winter, at least 30% of sgp-based smes and some large corporates will most likely not be able to survive in the next yr or so. so how to hold up the property market when the demand and holding power have dried up????? 2 Link to comment Share on other sites More sharing options...
aaur4man Posted April 12, 2020 Share Posted April 12, 2020 1 minute ago, socrates469bc said: it is not a question of whether the govt will support or not. the issue here is whether there will be buying interest or not and if the holding power is there. many kgks and companies bot properties in the past 5 yrs on low rate mortgage financing and they r able to service the loans since the economy was still holding up. with this economic winter, at least 30% of sgp-based smes and some large corporates will most likely not be able to survive in the next yr or so. so how to hold up the property market when the demand and holding power have dried up????? I think that's what the $55B stimulus is about, to prop up the economy and prevent crash , but maybe downward adjustment possible 1 Link to comment Share on other sites More sharing options...
Satki Posted April 12, 2020 Share Posted April 12, 2020 talk up the market? I dont think they have the money to support the ground 3 Link to comment Share on other sites More sharing options...
socrates469bc Posted April 12, 2020 Author Share Posted April 12, 2020 19 minutes ago, aaur4man said: I think that's what the $55B stimulus is about, to prop up the economy and prevent crash , but maybe downward adjustment possible may i direct u to the questions of fiscal sustainability and monetary transmission mechanism. sgp is lucky to be able to afford the stimulus due to the prudent savings made during Ah Gong's time. in the end, this stimulus will have to be paid and most likely this will add on to the sgp govt debts in the future. unless sgd is a global reserve currency like the usd, fiscal stimulus have to be used like precision bombing. the stimulus must not be a blank check but must be targeted as sgp economy is an open economy and there is a guesstimate forex leakage of ard 20-25% in the fiscal multiplier effect under normal situation. i dont think having skill credits or infra building as outlined in the first stimulus were be of help to smes or even large corporates. the best way forward will be using the german wage subsidy model and having govt guarantees on qualified productive smes and corporates. monetary transmission mechanism will be of no use as it has alrdy been proven that the transmission mechanism is all but 0 impact. 2 Link to comment Share on other sites More sharing options...
meng.huat Posted April 12, 2020 Share Posted April 12, 2020 i think there will be bailouts... but i dont think it will be a wholesale bailout.. those behkan trash will be allowed to the bins. eg, many retails space in lame malls and overpriced shoebox condo 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now