Forum Replies Created
- Originally posted by Linar:
Hi Dutchess
As an ex lawyer (I am now a fulltime Mum) I will give you the best advice you will get on this subject.
Go and see a lawyer who specialises in Family Law. Don’t listen to people who tell you about the situation of a friend of a friend. It is a messy area that is open to interpretation.
Good luck. I hope things work out with this bloke.
K
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Dear All,1. I think better still, go and see a marriage cousellor for pre-marriage counselling first it to see if we are truly indeed psychologically and socially compatible to stay together as long term life partners and whether we, our spouse and our relationship are truly capable, willing and ready to love one another unconditionally and willing to sacrifice ourselves in deference for our partner’s interests and personal happiness at our onw expense willingly and able to withstand the social stress and committment of entering a marriage.
2. If in any slightest doubt oursevles, let us not be hasty into marrying. Let us learn to wait and help one another grow as a person and as a good life partner first before marrying.
3. Going to see a lawyer about pre-nup is like simply planning to fail in a marriage. We have already having doubts/problems about our partner yet we are prepared to “try out” the relationship through a marriage.
3. Marriage is not meant to be “tried out” as some sort of a child play;- it is meant to be lived out for life between 2 willing and ready life partners who are truly capable and committed to loving one another UNCONDITIONALLY for life.
4. This kind of UNCONDITIONAL LOVE and lifetime committment and life-attitude towards enhancing and protecting our spouse ‘interests and personal happiness at our own expense, is definitely a better and safer option towards marriage than a pre-nup agreement.
5. For your kind update, please.
6. Thank you.
regards,
Kenneth KOHOriginally posted by Celivia:If I were happily in love [inlove] and my partner asked me for a Pre Nup I’d:
*a- be hurt [crying] because asking me to sign a Pre Nup is like saying: I don’t trust you- you’ll run off with my money, OR
*b-perhaps snap out of love [puke].The fact that they wouldn’t trust me would either mean that they don’t know me well enough- or they would know that I wouldn’t take advantage, (and I would suggest the relationship hadn’t matured enough to be living together so I wouldn’t take this step yet)…
or it would mean that they don’t trust me full stop (and I’d run…without the money!).Just looking at it from the side of the one being asked to sign a Pre Nup.
So, to the question whether a pre nup has any power, for me personally (not looking at it legally) it would mean it is the weakest link in a serious relationship.
Celivia
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Dear Celivia1. Yes, I fully agree with your views.
2. To me, anyone who is contemplating to get married and is yet thinkng about the pre-nup, should honestly and seriously examine their own underlying thinking: Am I seriously and truly loving my partner unconditionally now or only with one or more conditions, as I actually love myself more than I love my life-partner?
3. Unless, we can capable and truly loving our partner unconditionally in the first place, the marriage is most likely to fail, as self-interests will continue to predominate in one’s thinking rather than this willingness and readiness to prepare to sacrifice oursevles and our one interests/happiness where and when neccessary, for the sake of loving our partner more than we actually love ourselves.
4. Thus, personally, I think people who are thinking of pre-nup, is in effect planning for their marriage to fail in the first place. At the basic mininum, they have actually entertained their own serious seld-doubt and the possibility of a marriage failure in the first place and this kind of negative thinking will in itself, become a self-fullfiling prophesy eventually? Why?
5. Because this, in itself, is clearly reflective of a form of “I first, you second” type of “conditional” love and this kind of limited love is very unliklely able to withstand the social stress of a marriage committment especially when this “I”/my self interest first” types of self-centred and human selfish limited tyoe of conditional love/life attitude is allowed to continue to pre-dominate in one of the spouses’mind and thinking.
5. In my mind too, UNTIL the day we cantruly and honestly ask ourselves whether they are truly able to, willing to and ready to always prepared to die for our life partners unconditonally where and when required to at all times, only when we can and are able to receive a clear and resounding “yes”, we are never truly ready for marriage, ourselves. Nor are we likely able to committ ourselves fully into a marriage.
6. Marriage is a life-time committment and a sacred institution which is not to be treated lightly, such as buying a property, as some mmbers seems to be comparing it to. When we freely and willingly on our free accord to delberately and purposively choose to openly publicly undertakes the wedding vows but subsequently fail to honour it dutifully, we would have also destroyed our own personal integrity and words of honour AND if we choose to willingly fail in our words of honour and live up to its full committments publicly, who then can trust and believe in us again in future?
7. Marriage is NOT something we can treat light and play with nor can we afford to play with such a serious life issue.
8. IF we are in doubt over our own readiness for marriage or/and ability to stay committed towards loving our spouse UNCONDITIONALLY (without any attached conditons and always willing to sarifice ourselves in deference to our spouse interests and happiness) or has doubt in our life partner or the actual relationship, let us not hasten ouselves into a marriage yet;- let us take the neccessary time and invest in it properly, to learn to work out and properly resolve the underlying relationship problem first before entering the marriage institution. It will serve to protect and prolong the relationship (and eventually the marriage too) much longer if one is in place subsequently.
9. For your kind update, please.
10. Thank you.
regards,
Kenneth KOHQuote:Originally posted by IMAC:And my personal thoughts….. Two words might scare the pants off any property investor in the next few months. (BIG end excluded).
BIRD FLU !!!!!
All the best. Imac.[blink]
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Dear IMAC,1. Why?
2. Are you starting to feel terrified by it now yourself as an Singapore-based expatriate?
3. Why not the threat of dengue fever when some 14 people have reportedly died of dengue fever in Singapore so far and areas like Changi is also known to be one of usual affected areas and where there are reports where local coffee-shop owners even close down their business and temproarily relocate themselves out of the infected area?
4. Looking forward to learning from you soon, please.
5. Thank you.
Cheers,
Kenneth KOHDear meilin,
a semiD landed property either in Katong or Changi area.
Cheers,
Kenneth KOHOriginally posted by Dr.X:Still don’t agree that all wrappers or lease optioners are bad, and and its unfair that all are labelled the same way by jenman, but I agree public awareness should be made of cases that have gone wrong!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
[email protected]
phone 0412 437 582********************************8
Dear Dr. X,1. Why don’t you separately take it up with Neil Jenman how to modify and make the existing WRAP practice “ethically fair” and socially acceptable to Jenman and his consumer protection group instead?… now that you can agree with Neil Jenman about his stance.
2. This can be the collective good for all the wrappers concerned.
3. For your kind considerations, please.
4. Thank you.
regards,
Kenneth KOHOriginally posted by resiwealth:We are judged by how we look and what we say, so how and what does where you live say.
What can you do to add value to where you live, give a better impression and cost next to nothing.
resiwealth[worried]
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Dear Resiwealth,1. I refer to the a/m quote in your post.
2. Why should we allowed ourselves to be “judged” externally by how we look and say to others?
Is this really that important to you personally and to other Australians in general?3. The essence in your thread can be better coined as “How to add value and improve a house’s street appeal with minimal costs through (cosmetic) renovation?”, isn’t it?
4. for your kind update and due considerations,please.
5. Thank you.
regards,
Kenneth KOHOriginally posted by grossrealisation:hi all
I ain’t no mentor ( as I don’t have one so there not alot to gauge against maybe a mentor can mentor me and then I would be able cross reference).
I am alittle like kenkoh2000 as I have defacto mentors as I follow there ideas unfortunately most wouldn’t like there names on bulliten boards.
so TorMentor maybehere to help
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Dear GrossRealisation,1. The main reason why I mentioned their names is so that our members can more or less know where exactly I am coming from and my own investing approach preferences, so as to improve my own communication in this forum with our members.
2. I have no intentions of “marketing” these people and their credentials. Neither, do I think that they need my endorsement at all as they are highly successful in their own rights and will naturally have their own respective group of faithful supporters and advocates.
3. The other reason for me is to honestly and actually acknowledge how these peoples have impacted my thinking and influences the way I see things now… In a certain ways, they have been my own “teachers-in-life” unknowingly as I have personally esteemed them to be better investors than myself and from whom I can effectively learn from, even if they have still not “mentored” me officially.
4. For your kind update, please.
5. Thank you.
regards,
Kenneth KOHOriginally posted by resiwealth:GR … Resiwealth Pty Ltd and .com will never be involved with u or one of your projects if in fact you have any.
The strategy of the group and its members is embarking on a new path within the realestate and development industry, that is more laterial than main stream projects.
The returns on developers projects today and 4 the next few years will be very challenging to give returns back to their investors. We need to b smarter now if we want to make money in this area. The henry kaye days are gone and the EXPERIENCED developers who have gone through the last 15 years will IMHO will survive to a greater degree.
There is today too much knowledge down loaded from web sites with little hands-on experience. Before i invest money in a project i ask for;
directors guarantees
1st mortgage security/not second
bank guarantees
caveats over the directors PPOR
list of past projects
independant solicators guarantee
KPMG report and analaysisAnd much more … resiwealth
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Dear Grossrealisation and Resiwealth,
1. I think we all have our own different approach to doing business and serving our clientele depending on our own marketing/targetted niche.
2. While Resiwealth’s a/m requirement is reflective of the many requirements normally required by an average investor, it is by no means the only way to do business.
3. Personally, I did not like this approach nor enjoy the spirit of JV co-operation/collabration under such a approach at all. This is becuase it does not provide us with the correct basis to build a long term business trust relationship between 2 willing parties concerned.
4. By requiring all these “legal” safeguards in the business contract, implicitly spekaing, the underlying spirit is one, where there seems to be “no/minimal” trust between the JV partners and both p[arties operating on the basis competing and conflicting personal interests at hand. How then can/do we expect to succeed together in this kind of working thier “relationship”, when at the outset, we are suggesting and openly telling vendors/JV partners-investors in writing that we do not actually trust ourselves/our own “people-judgement” capability and “them” intrinsically as a person, saved for the legal contract to be signed first. In short, we prefer to trust the paper contract per se, rather than the real personhood behind the 2 parties involved in this the contractual relationship.
5. Not only that, the official thinking and underlying spirit behind this type of business relationship is that both the vendor and investors are “intrinsically selfish” people out to pursue their own interests even at the expense at the other party concerned. It is further assumed that the vednor is merely trying to “sell” something, to the investors and profit himself, at the latter’s expense. Thus,legal safeguards are deemed neccessary pre-conditions for the contract to work, thereby endorsing that both the vendors and investors are actually allowed to have conflicting interests and hidden agenda at each other’s expense.
6. If there is such a doubt in the investors’mind in the first place, in my mind, I rather that my JV partners-investors clear them first by doing their own required due diligence, and by willing to trust themselves first by getting to know me and my recommended products better first before they actually put any monies with me;- instead of choosing to “conveniently ignored” their own existing inner self-doubts regarding my personal integrity and honour as a person intriniscally as well as about himself as a intrinsic person too.
7. A business relationship which is based on contractual safeguards, actually denigrates our human existence and values and actually go against the original spirit and intentions of 2 willing parties to come together to learn to trust one another and with a common joint interests to successfully co-operate/collaborate together for the collective good. It will profit none except for the affected lawyers concerned.
8. Thus, personally, I still beleive that prefer the Oriental way of doing business based on mutual respect and an ongoing personal knowledge and basic trust relationship between the vendor and the investors before we proceed to extend that personal relationship into the “business” context by learning to co-operate and to work successfully together with one another for the joint enterprises collective good.
8. For your kind update and further comments and discssion, please.
9. Thank you.
regards,
Kenneth KOHOriginally posted by grossrealisation:hi robo
drx idea is the best and is similar to what I do,
you invest in a positive that then off sets negative property making both neutral but the neg usually has high capital growth.
the structure must be set up for each group and they work very well.
It helps also if you build the neg property.
As you can lend on the property and get cash flow.here to help
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Dear Gross Realisation,1. Brad Sugars also briefly talks about using such similar investment structure concept which you are proposing, in one of his books on property investing in the Australian Real Estate.
2. How exactly does it work in real life? Have you tried it yourself and successfully validate the concept through your present property investing practices?
3. What are its key critical success factors and major risks involved in using such an approach? Why?
4. Looking forward to hearing and learning from you soon.
5. Thank you.
regards,
Kenneth KOHOriginally posted by Jester:I attended one of their presentations.
They are basically property developers, mainly focused on southeast Qld and Perth. They were only incorporated in their current guise a few years ago. They charge at market rates, plus a 3% commission for doing it all for you.
They basically adopt a buy & hold strategy, interest-only loans, using the equity in your first investment property to acquire a second property, later, a third property…you get the picture. The houses they build seem very cheap & generic to me. They also rely on generous depreciation schedules & linear capital growth to make their strategy of replication work for you. I smelt a rat & walked.
This may work for those who dont have the time to do their own homework/research. Each to his own.
Regards
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Dear Jester,1. What’s wrong exactly about CWB that you should “smelt a rat and walked away”?
2. You said, “They(CWB) charge at market rates, plus a 3% commission for doing it all for you.”
Do you seriously expect CWB to do the house construction and take all the building risks, for free for its clients?3. What do you seriously do, if you are in their position?
4. I am also wondering why you said that won’t it work for you and the other investors?
5. Looking forward to hearing and learning from your reply soon, please.
6. Thank you.
regards,
Kenneth KOHDear All,
1. It’s interesting thread with very interesting replies to date.
2. Many members seem to just need a car to travel around while a few “select” members chose to have near-new cars to enjoy.
3. I am indeed pleasantly surprised that no member has come forward to say that they own or personally desire expensive toys, similar to red Porsche car reportedly driven/owned by Peter Spann, as advertised on the front cover page in one of his books.
4. As for myself, I do not own any car in AUSTRALIA yet, at this point in time, though I am presently thinking about it from time to time.
5. I only rent a car to drive occssionally on those days or for a week or 2 when I need to, while in Australia.
6. For safety and personal comfort reasons, I would normally rent-drive a family saloon car like the Toyota Camry family saloon car, around in Perth and its regional areas.
7. However, I used to rent-drive mainly Mitsubishi Magna cars around in the Goldcoast/Brisbane area in the past until one day I was given a Commodore Holden car at the last minute last year.
8. I’ve not yet rent-drive a car in Melbourne and Sydney to date.
9. For your kind update, please.
10. Thank you.
regards,
Kenneth KOHOriginally posted by hellman:Thanks to KenKoh2000 & meilin08 for their insights.
I don’t have much to say except that I was listening to one of the most famous RE apartment sellers in the World, Donald Trump, when he said something that I could relate back here.
He basically said that luxury apartments are a specialised market that can have very high growth rates. Supply of Luxury housing in general is one of the most important things that can effect the price (although buildings that are seen as ultra luxury/exclusive do tend to get higher prices (even if they are similar to other high end buildings – thats why Donald Trump does alot of publicity, his luxury buildings sell for higher than other luxury buildings of the same standard because of the Trump brand)). High prices tend to come in waves. Right now he’s seeing Arabs from the Middle East (apparently Saudi made $165Bn this yr). Before that, was wealthy Chinese, then rich Americans (tech boom) then wealthy Russians (not too many) and wealthy Asians.
Because it is a specialised market prices tend to be different than regular apartments/houses. And during booms prices can jump massively but during the down times luxury apartments tend to just sit empty with no buyers and few renters. Many of the people who buy them however don’t really care that much. Many of them have a cashcow (either CEO job or other assets (companies, etc)) and so it’s all about stashing their wealth some where they are going to get high CG. As CEOs and biz owners tend to make millions and while their is easy money (which has to do with credit as well as investor attitudes) these apartments tend to rise in price (in some ways based on the theory of the greater fool). One of Trumps big buyers at this moment (in terms of volume of sales) is buying apartments all cash because he sold his biz for something like $120M. When it’s money like that rational can go out the window to a large degree.
Hellman
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Dear Hellman,1. Thanks for sharing with us, what Donald Trump has said regarding investing in prestige properties sectors.
2. I agree with Donald that the prestige property marekt segment is a highly specialised and niche market segment, which varies greatly from the mass market sector.
3. The operating environment and rules of games for property investing are quite different indeed. I believe that these include the following:
a. very small and limited market segment and resale market.
b. high pricings which serves as a sort of exclusiveness and barrier to limit on;u a small number of exclusive players capable of investing/trading into this market segment.
c. players do have other sources of high incomes.
d. the main emphasis among the players are social prestige and wealth preservation and security, rather than capital growth is the rule of the game.
e. lower leverage used by the players to finance their property purchases.
f. property trading activities tends to boom/bust in conjunction with/conincides with the traditional business cycle/economic booms and busts.
g. prestige properties being regarded generally as a social prestige symbols for high nett worth individuals to openly display off their financial wealth, the scarcer, and more exclusive the prestige properties, the more socially desirable they are to the players and thus the higher the price which they are able to command in the exclusive but limite prestige property market segment.
h. Personal building branding create premium to pricing of prestige properties.
i. Scarcity of properties in itself, is not sufficient condition for it ot be automatically translated into a higher prices, all things being equal.
j. Neither do normal demand for properties in itself per se, automatically translates itself into higher prices, all thing being equal.
k. Effective market demand = existing competition in demand and different level of prices being offered for a particular properties by the competing buyers.
l. inefficient market information and pricing ofter prevails in such exclusive market segment.
m. Boom and Bust scenarios often happens in this market segment, rather than a soft landing at the end of each property cycle if there is one indeed.
n. the lesser the number of unit resale, the more socially desirable and hence the higher the reseale price for the unit, other things being equal.
4. I have read about/seen such kind of play in real life operations in the Goldcoast property market previously.
5. In the early 1970s, it was mainly the Japanese investors, in the 1980s, it was mainly the Taiwanese investors, in the 1990s it was mainly the ASEAN Asian investors etc.
6. I think the next wave of investors is likely to come from the wealthy investors from Mainland China or from Arab OPEC countries.
7. For your further discussion and comments, please.
8. Thank you.
regards,
Kenneth KOHOriginally posted by kattan:and have accesss to a lot more money than you think you will need
very valid comment.
Life’s little surprises are always around the corner and these ******** have a habit of coming and biting you when you have spent your last cent.
For my current Project [upmarket T/House in Melb Inner City Suburb]I have paid off for the Land (with Permit). Fixed price building Contract has been signed. Construction Loan should get approved in a weeks time.
Guess what? I am still going to the Market to borrow an additional 50k (@~20%interest) for the final few months of Construction as a contingency.
Crazy? Not really; I’ll Probably pay 5k as interest over 6 months[treat it as part of Project Cost] and hopefully will not touch the additional Funds.
But it provides me with some protection against those nasty little surprises and enables me to finish the project successfully.
Trust me! I’ve been on the other side when you are forced to make some poor decisions at the end of the Project just because you are short by a few Ks; NOT FUNNY.
Kattan
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Dear Michael and Kattan,1. Well said. I agree with your views.
2. Prevention is better than a cure. “Over-borrowing” is better than “under-borrowing” when we are doing property development, in view of some last minute unforseen contingencies, which can occur quite frequently at times for an inexperienced developer.
3. Thus, Safety comes first before Efficiency, in property development considerations.
4. Let us be “pound-wise and penny-foolish”, instead putting the entire project at risk as a result of we being caught in being “penny-wise, pound-foolish” position;- when we cannot afford to be both equally “pound-wise and penny-wise” at the same time despite we can all aspire to and no matter how hard we try to be.
5. For your kind update and re-affirmation, please.
6. Thank you.
regards,
Kenneth KOHOriginally posted by MichaelYardney:Originally posted by AmandaBS:I agree walk before you run.
Start by subdividing 1 into 2 and learn the process and develop a relationship with Council, Engineers, Surveyors etc.
We are finding the interest a real squeeze on land we’re subdividing (1 into 7). The DA still not through after 10 months.That’s a great point Amanda- start small. You will learn 80% of what you need to know about developing in your first 2 or 3 projects.
Make sure you can survive these so you can get to your 4th project
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.au++++++++++++++++++++++++++++++
Dear Michael and Amanda,1. Very well said indeed.
2. Thanks.
regards,
Kenneth KOHOriginally posted by MiniMogul:“
Its been said that successful property developers are a bit like movie producers. They assemble a highly talented team of people and skillfully lead them to develop a profitable outcome. “As an executive producer I can so relate to that!
problem plus solution equals profit.So there was a day about a year ago when I was ‘not a developer’ and then a day where I was, and ‘became a developer’. The difference was, I decided to do it. It’s just a matter of…well, a million questions you need to find the answer to, basically a whole lot of ‘what if’s.
My first development was to build a couple of townhouses on bare land, my second was a CBD 3 lot subdivision with existing structures on it,and my third one is a 22 lot subdivision that we will either sell as sections, or offer house and land packages – still working that out.
As with any ‘quest’ or mission, you just start at the beginning and find stuff out, a lot of it before you even go unconditional and buy the land, you should have a fair enough idea if what you plan is viable, just on some ball park numbers (i.e. a per square meter land cost in that town, a per square meter building cost that you know you can achieve worst case.)
The work you do on from that (once unconditional) is a lot of number crunching, networking, team building, stick-shaking, and in fact every human personality or character trait you have, everything you have ever learned in your previous or other careers, will come out during the process (in a good way.)
I kinda can’t believe that I am onto my third development already, I haven’t started writing occupation: property developer on my immigration forms yet, but really for me the thing was ‘just start doing it’. If you are a good investor, problem solver, executive producer, business person, it is likely you will have the right skills to apply to developing, which is a bit like investing, but a more advanced version.
nothing you can’t handle. Just make sure you think of everything that can go wrong. if you are still Okay with it, then proceed!
cheers-
Mini****************************************
Dear Mini-Mogul,1. What would be some of key learning points and lessons which you will like to share with us, given your past and present property development
experiences2. Thanking you in advance, please.
3. Thank you.
regards,
Kenneth KOHOriginally posted by resiwealth:My 2 cents worth is Good luck and good timing.
I have been developing for a long time as well and have seen the best of them get wiped out from bad luck and bad timing, more so than their own mistakes.
A mate of mine lost 35 million because the market changed fro no fault of his own.
I went through 19.33% interest rates (that builds character – not) could you?
How about a Gulf war in the early 90’s and the property market just stopped
What about the Paul Keeting recession we had to have, who planned for that in their budget with the finance company funding your development project.
How about a pilot strike and sitting in Brisbane airport with the number 2 of Mitsubishi Corp Japan on a 15 million deal in North QLD (welcome to Australia) thanks a lot and we lost the deal – my fault – not.
So “developing made easy” get real guys/gals the truth is there is no easy – just good luck and good timing and you hope and pray some out side influence doesn’t stuff you up. Ask Keith Williams how he lost Hamilton Island to Citibank, he had a $400,000,000.00 portfolio.
Prophets – reno experts – gurus – are all great while the market is reasonabally stable but tip the table and watch out. What would you do if the interest rates changed to 12% in the next 6 months – won’t happen? what if it did?
Yes i am still developing – renovating – and anything else that looks like making a profit – BUT my experience is that it can change without warning, so good luck to you all and welcome to my world ahhhhhhhhhhhhhhhhhhhhhhhhhhh!!!
resiwealth … Phil (still positive and making money – i’m selling my SL500 merc 74k/m midnight blue if u r interested)[weird]
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Dear Resiwealth,1. I must say that you are indeed very rich in experiences and “toughly-tested” and a very wise developer indeed.
2. What will be some precious gems which you can care to share with the new novice developers in the forum, briefly in summary form, please?
3. Looking forward to hearing and learning from you again soon.
4. Thank you.
regards,
Kenneth KOHHi Brady5,
1. What’s your present views and take on this subject? Care to share with us openly in this forum?
2. Thanks.
regards,
Kenneth KOHOriginally posted by meilin08:[quote
Alot of foreigners investing in the Sentosa Cove Development.
Ken – Saw the article today in the paper. I know of investors making huge money on their onsales at condos on sentosa and the sail at marina bay. Not sure about 50% though.
See ya, Mei
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Dear Mei,1. Congratulations and good for you and your associates on your successful property investing in Singapore.
2. The report says the vendors are asking 50% more than what they have paid for and then went on to implicitly “doubt” if they would get it.
3. The transactions are still not done yet, as far as I understand from the said report, though I do not rule out the possibility of some real transactions having actually taken place in reality.
4. There was also some article in Taipei Times newspapers reporting about this too. The same report went on to add that the interests are basically from overseas investors from the Arab oil monies and investors from the Chinese Mainland China.
5. So to me and from my research and market monitoring, this is merely an initial speculative play at the high end of the Singapore property market among the developers and their associates as well as a select group of new “specu-investors” clients like your goodself, who are in effect, trying to talk up the property market in Singapore, to trigger off its eventual boom.
6. The URA is reportedly investigating into this present property market speculation trend, in partcular, the level and legality of the unit on-sales as well as the number of cases of direct subsales by the local developers.
7. Presently, I honestly believe that the real market sentiments, underlying the Singapore property market, are still presently “weak” at the grassroot level, due to the present (and continued) oversupply of condo units (over the next few years!).
8. As far as the mass market is concerned, the flash estimate for the HDB resale index for third quarter of 2005, is still dropping down to 101.2, some 26% below its last market peak price level achieved during late 1996-early 1997 period.
9. Personally, thus, I still seriously doubt there is indeed any initial sign for a real property boom taking place within the Singapore property market itself, at this point in time, saved for this high end property market speculation phenomenon, which is presently being reported ( for a certain purpose, I believe).
10. I think people like Baloo can agree with me on that too.
11. Like IMAC, I still find it “too risky” for myself, to be able to safely invest into the Singapore property market at this point in time, even though I am presently and seriously contemplating to.
12. Perhaps, you can try to convince me (and the other investors with similar inclinations too) otherwise?
13. For your kind update, please.
14. Thank you.
regards,
Kenneth KOHOriginally posted by Sam027:…. hopefully I can stay optimistic in the face of the giant prices!
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Dear Sam027,1. What do you mean here? Care to clarify further.
2. Thanks.
regards,
Kenneth KOHHI Sam027,
1. Welcome to our property investing forum at propertyinvesting.com.
2. Have you also visited the Jan Somer’s Property Forum site at http://www.somersoft.com.au/forum.
3. What are your present investing goals and investing budget like? Whereabouts in Perth will you be looking at investing into in the near future?
4. Looking forward to hearing from you again soon, please.
5. Thank you.
regards,
Kenneth KOH
