Looks like 5% mortgages possible by end of this year.
01-11-2022, 10:42 AM
Looking at how FD accounts are giving 3.9%. Will people continue snatching condos at 5% rates?
01-11-2022, 11:40 AM
3.9%
which bank
which bank
01-11-2022, 11:42 AM
Property ROI is getting worst as Bank interest rate rises.
One example
Dawson Block 88 Rental is $3,550.00 (September 2022)
Same Block Sale at $1.27 million (Oct 2022)
ROI = 3.35%
Verdict -
1) Property Price will have a correction.
2) Rental will continue to go up.
One example
Dawson Block 88 Rental is $3,550.00 (September 2022)
Same Block Sale at $1.27 million (Oct 2022)
ROI = 3.35%
Verdict -
1) Property Price will have a correction.
2) Rental will continue to go up.
01-11-2022, 11:46 AM
01-11-2022, 11:48 AM
(01-11-2022, 11:42 AM)item2sell Wrote: Property ROI is getting worst as Bank interest rate rises.
One example
Dawson Block 88 Rental is $3,550.00 (September 2022)
Same Block Sale at $1.27 million (Oct 2022)
ROI = 3.35%
Verdict - Property correction is coming.
Worst is higher rates causes job losses. No cheap money those boh liao companies like Facebook got what value? U can't fill stomach with clicking likes on Facebook
01-11-2022, 12:03 PM
5% mortgage not enough. I want to see 10% happen.
01-11-2022, 12:05 PM
(01-11-2022, 11:48 AM)sogo Wrote: Worst is higher rates causes job losses. No cheap money those boh liao companies like Facebook got what value? U can't fill stomach with clicking likes on Facebook
More citizens with job losses
due to lapses in Compass Framework
where the story repeats itself in MOM
Why do we need 5 Mayors and 80 PAP Ministers?
01-11-2022, 12:30 PM
more than 5% property market will crash
01-11-2022, 12:31 PM
01-11-2022, 12:31 PM
01-11-2022, 12:36 PM
Retrenchment has just begun…
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 12:39 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 12:39 PM
Huat ah
01-11-2022, 12:39 PM
Huat ah huat ah
01-11-2022, 12:40 PM
01-11-2022, 12:41 PM
(01-11-2022, 12:40 PM)sogo Wrote: news saying alot of jobs created.
You believe it?
This time is bad…
If not why they so good, give$300 GST vouchers
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 12:50 PM
01-11-2022, 12:51 PM
Those Zero $ down and under will be in trouble. Some on deferred payment will also be in trouble.
01-11-2022, 12:58 PM
(01-11-2022, 12:50 PM)sogo Wrote: if bad why so many ppl buying properties like siao? even tengah ec 2.1 million also got ppl buy.
If someone wants to do crazy thing, you tell me how to stop them. When I hear more and more such news, I know the collapse is near.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 01:02 PM
Next year first quarter.
Confirm EU will be in recession.
Confirm EU will be in recession.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 01:04 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 01:06 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
01-11-2022, 04:04 PM
01-11-2022, 05:40 PM
(01-11-2022, 12:40 PM)sogo Wrote: news saying alot of jobs created.
Changi Airport jobs ie cleaners, luggage handlers, security guards
95% blue -collar jobs lah
Why do we need 5 Mayors and 80 PAP Ministers?
01-11-2022, 05:43 PM
(01-11-2022, 05:40 PM)Ola Wrote: Changi Airport jobs ie cleaners, luggage handlers, security guards
95% blue -collar jobs lah
Actually all " sub " aka " part timers " I don't feel a lot doing Full time.
Mostly as usual are Malaysian , PRC , etc doing Full time + a bit locals
One thing MOM NEVER stated more clearly when people got job, is it Full time ? or part time? They don't bother as long so call " got people employ " they can Brag employment is good.
For me is quite dangerous for the locals in the sense when Economics back good , a lot will get jobless again actually. Partly their working experience etc is not consider so call " experience " in term for Talents. For those aim on climbing up to corporative leader to Top management can forget it.
01-11-2022, 05:43 PM
01-11-2022, 05:44 PM
01-11-2022, 05:47 PM
Later come Dec
Our Mainstream media will claim " A LOT GO TRAVEL, BUYING THINGS BLAH BLAH "
I keep listen they claim " back to pre COVI Days " Even Govt also brag SIA passengers back to pre Covi days
Really ...... They still feel The people only see Local news like that don't know the HARD TRUTHS OUTSIDE THE WORLD?
Next don't get mistaken either when you at Europe see a lot shopping . WHERE GOT Recession ?? inflation ??
actually quite a lot is tourists from other EU countries they travel there partly save money from expensive air ticket SO Got extra money to shop.
Our Mainstream media will claim " A LOT GO TRAVEL, BUYING THINGS BLAH BLAH "
I keep listen they claim " back to pre COVI Days " Even Govt also brag SIA passengers back to pre Covi days
Really ...... They still feel The people only see Local news like that don't know the HARD TRUTHS OUTSIDE THE WORLD?
Next don't get mistaken either when you at Europe see a lot shopping . WHERE GOT Recession ?? inflation ??
actually quite a lot is tourists from other EU countries they travel there partly save money from expensive air ticket SO Got extra money to shop.
01-11-2022, 06:11 PM
(01-11-2022, 05:43 PM)[[ForeverAlone]] Wrote: Actually all " sub " aka " part timers " I don't feel a lot doing Full time.
Mostly as usual are Malaysian , PRC , etc doing Full time + a bit locals
One thing MOM NEVER stated more clearly when people got job, is it Full time ? or part time? They don't bother as long so call " got people employ " they can Brag employment is good.
For me is quite dangerous for the locals in the sense when Economics back good , a lot will get jobless again actually. Partly their working experience etc is not consider so call " experience " in term for Talents. For those aim on climbing up to corporative leader to Top management can forget it.
Those living in condo are likely Managers or Directors. I am sure when they lose their jobs, Changi Airport or other Companies will not hire Over- Qualified Professionals.
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