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Latest Posts By pharoah88 - Supreme      About pharoah88
First   < Newer   7281-7300 of 13894   Older>   Last  

06-Sep-2010 16:53 Genting HK USD   /   Genting HK US$       Go to Message
x 0
x 0

 

 

 

 

 

 

 

 

16:37:17 0.450 90,000 Bought From Seller
16:37:17 0.450 9,910,000 Bought From Seller
16:37:12 0.450 2,000 Bought From Seller
16:37:03 0.445 20,000 Sold To Buyer
16:36:51 0.450 20,000 Bought From Seller
16:36:46 0.445 15,000 Sold To Buyer
16:36:26 0.445 907,000 Bought From Seller
16:36:26 0.445 50,000 Bought From Seller
16:36:25 0.445 808,000 Bought From Seller
16:36:24 0.445 853,000 Bought From Seller
16:36:24 0.445 100,000 Bought From Seller
16:36:23 0.445 3,000,000 Bought From Seller
16:36:22 0.442 305,000 X
16:36:19 0.445 500,000 Bought From Seller

 

16:28:28 0.440 5,784,000 Bought From Seller
16:28:11 0.435 97,000 Bought From Seller
16:28:10 0.435 4,000,000 Bought From Seller

 

16:25:01 0.430 4,234,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 15:44) Posted:

 

 

 

 

 

15:38:16 0.435 1,000,000 Bought From Seller

 

15:12:37 0.430 1,000,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 14:47) Posted:

14:35:22 0.435 1,000,000 Bought From Seller


Good Post  Bad Post 
06-Sep-2010 16:47 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
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jUst  cOmpare

fOr  yOurself

GENTING  HK

EVEN  BETTER  CHEERY



pharoah88      ( Date: 06-Sep-2010 16:44) Posted:

merItOcracy

pIck  FAST-mOvIng  stOck ?

nO  Use  clIngIng  OntO  slOw mOvIng  InventOry ?

quIck pIck  CERRiES



greaselightn      ( Date: 06-Sep-2010 15:06) Posted:



to all the pros here;

need to seek advice;

i'm holding some nol shares at 2.08.

is it wise to let it go and put into genting instead?

just a thought to seek you guys advice..

thx


Good Post  Bad Post 
06-Sep-2010 16:44 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

merItOcracy

pIck  FAST-mOvIng  stOck ?

nO  Use  clIngIng  OntO  slOw mOvIng  InventOry ?

quIck pIck  CERRiES



greaselightn      ( Date: 06-Sep-2010 15:06) Posted:



to all the pros here;

need to seek advice;

i'm holding some nol shares at 2.08.

is it wise to let it go and put into genting instead?

just a thought to seek you guys advice..

thx

Good Post  Bad Post 
06-Sep-2010 16:40 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

quIck pIck  CERRiES

Good Post  Bad Post 
06-Sep-2010 16:36 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0
CHERRY  pIckIng  tIme
Good Post  Bad Post 
06-Sep-2010 16:33 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

SHREWD  CHERRY   pIckers

16:28:33 1.760 918,000 Bought From Seller
16:28:32 1.760 472,000 Bought From Seller
16:28:32 1.760 170,000 Bought From Seller
16:28:31 1.760 1,197,000 Bought From Seller
16:28:31 1.760 100,000 Bought From Seller
16:28:30 1.760 300,000 Bought From Seller
16:28:29 1.760 1,000,000 Bought From Seller
16:28:23 1.760 272,000 Bought From Seller
16:28:20 1.760 500,000 Bought From Seller
16:28:17 1.760 100,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 16:31) Posted:

CHERRY  PiCKING  prIces

S$1.75

S$1.76

belOw  Average  prIce  S$1.7730

 

Weighted Avg Price :  1.7730                       Avg Trade Size :  53,253.026                                    Spread/Price Ratio :  0.0057



pharoah88      ( Date: 06-Sep-2010 16:28) Posted:

Monday: 6 SEP 2010 

4:28PM  SUMMARY

Price Trades Volume Sold to Buyer Mid Bought from Seller
1.750 131 10,083,000 10,083,000 0 0
1.752 1 12,000 0 12,000 0
1.760 223 12,488,000 11,412,000 0 1,076,000
1.761 5 1,951,000 0 1,951,000 0
1.763 1 29,000 0 29,000 0
1.767 1 130,000 0 130,000 0
1.770 591 30,909,000 22,066,000 99,000 8,744,000
1.775 1 40,000 0 40,000 0
1.780 266 17,771,000 10,235,000 0 7,536,000
1.781 1 11,000 0 11,000 0
1.786 1 9,000 0 9,000 0
1.787 1 15,000 0 15,000 0
1.788 1 6,000 0 6,000 0
1.790 358 11,683,000 4,249,000 0 7,434,000
1.796 1 25,000 0 25,000 0
1.799 1 110,000 0 110,000 0
1.800 133 6,772,000 4,128,000 0 2,644,000
1.810 12 94,000 0 0 94,000
TOTAL 1,729 92,138,000 62,173,000 2,437,000 27,528,000

Weighted Avg Price :  1.7730                       Avg Trade Size :  53,253.026                                    Spread/Price Ratio :  0.0057



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06-Sep-2010 16:31 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

CHERRY  PiCKING  prIces

S$1.75

S$1.76

belOw  Average  prIce  S$1.7730

 

Weighted Avg Price :  1.7730                       Avg Trade Size :  53,253.026                                    Spread/Price Ratio :  0.0057



pharoah88      ( Date: 06-Sep-2010 16:28) Posted:

Monday: 6 SEP 2010 

4:28PM  SUMMARY

Price Trades Volume Sold to Buyer Mid Bought from Seller
1.750 131 10,083,000 10,083,000 0 0
1.752 1 12,000 0 12,000 0
1.760 223 12,488,000 11,412,000 0 1,076,000
1.761 5 1,951,000 0 1,951,000 0
1.763 1 29,000 0 29,000 0
1.767 1 130,000 0 130,000 0
1.770 591 30,909,000 22,066,000 99,000 8,744,000
1.775 1 40,000 0 40,000 0
1.780 266 17,771,000 10,235,000 0 7,536,000
1.781 1 11,000 0 11,000 0
1.786 1 9,000 0 9,000 0
1.787 1 15,000 0 15,000 0
1.788 1 6,000 0 6,000 0
1.790 358 11,683,000 4,249,000 0 7,434,000
1.796 1 25,000 0 25,000 0
1.799 1 110,000 0 110,000 0
1.800 133 6,772,000 4,128,000 0 2,644,000
1.810 12 94,000 0 0 94,000
TOTAL 1,729 92,138,000 62,173,000 2,437,000 27,528,000

Weighted Avg Price :  1.7730                       Avg Trade Size :  53,253.026                                    Spread/Price Ratio :  0.0057



pharoah88      ( Date: 06-Sep-2010 16:26) Posted:

08:59:03 1.800 1,832,000 Bought From Seller


Good Post  Bad Post 
06-Sep-2010 16:28 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

Monday: 6 SEP 2010 

4:28PM  SUMMARY

Price Trades Volume Sold to Buyer Mid Bought from Seller
1.750 131 10,083,000 10,083,000 0 0
1.752 1 12,000 0 12,000 0
1.760 223 12,488,000 11,412,000 0 1,076,000
1.761 5 1,951,000 0 1,951,000 0
1.763 1 29,000 0 29,000 0
1.767 1 130,000 0 130,000 0
1.770 591 30,909,000 22,066,000 99,000 8,744,000
1.775 1 40,000 0 40,000 0
1.780 266 17,771,000 10,235,000 0 7,536,000
1.781 1 11,000 0 11,000 0
1.786 1 9,000 0 9,000 0
1.787 1 15,000 0 15,000 0
1.788 1 6,000 0 6,000 0
1.790 358 11,683,000 4,249,000 0 7,434,000
1.796 1 25,000 0 25,000 0
1.799 1 110,000 0 110,000 0
1.800 133 6,772,000 4,128,000 0 2,644,000
1.810 12 94,000 0 0 94,000
TOTAL 1,729 92,138,000 62,173,000 2,437,000 27,528,000

Weighted Avg Price :  1.7730                       Avg Trade Size :  53,253.026                                    Spread/Price Ratio :  0.0057



pharoah88      ( Date: 06-Sep-2010 16:26) Posted:

08:59:03 1.800 1,832,000 Bought From Seller

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06-Sep-2010 16:26 Genting Sing   /   GenSp starts to move up again       Go to Message
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08:59:03 1.800 1,832,000 Bought From Seller
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06-Sep-2010 16:11 User Research/Opinions   /   ******** GENTING ******* BERHAD ********       Go to Message
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Genting Bhd Outperform

27 Aug 2010

After imputing our revised Genting Singapore forecasts into Genting’s model, we raise our net profit forecasts by 51.9% for FY10 and by 35-40% for FY11-12.

Post-earnings revision and after updating for the latest market value of Landmarks, and the latest company net debt level for Genting (ex-GM and GS), our SOP-based fair value for Genting is raised to RM11.00 (from RM9.30).

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06-Sep-2010 15:46 Genting HK USD   /   Genting HK US$       Go to Message
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3:45pm  SUMMARY

Price Trades Volume Sold to Buyer Mid Bought from Seller
0.410 45 3,088,000 2,623,000 329,000 136,000
0.411 1 70,000 0 70,000 0
0.412 3 520,000 0 520,000 0
0.414 2 249,000 0 249,000 0
0.415 122 10,887,000 5,635,000 0 5,252,000
0.420 52 8,514,000 6,449,000 0 2,065,000
0.423 1 22,000 0 22,000 0
0.425 268 24,654,000 15,507,000 0 9,147,000
0.430 304 37,478,000 23,640,000 0 13,838,000
0.431 2 573,000 0 573,000 0
0.433 2 116,000 0 116,000 0
0.435 726 73,860,000 32,828,000 0 41,032,000
0.436 4 578,000 0 578,000 0
0.437 4 509,000 0 509,000 0
0.438 4 275,000 0 275,000 0
0.439 3 393,000 0 393,000 0
0.440 382 56,335,000 37,411,000 0 18,924,000
0.441 4 140,000 0 140,000 0
0.442 3 64,000 0 64,000 0
0.443 1 30,000 0 30,000 0
0.444 3 545,000 0 545,000 0
0.445 374 45,308,000 8,251,000 0 37,057,000
0.446 1 296,000 0 296,000 0
0.447 1 20,000 0 20,000 0
0.450 171 32,797,000 19,512,000 0 13,285,000
0.451 2 173,000 0 173,000 0
0.452 4 135,000 0 135,000 0
0.454 3 185,000 0 185,000 0
0.455 136 14,636,000 2,623,000 0 12,013,000
0.456 1 40,000 0 40,000 0
0.457 2 75,000 0 75,000 0
0.458 4 219,000 0 219,000 0
0.459 1 55,000 0 55,000 0
0.460 181 15,879,000 3,398,000 0 12,481,000
0.462 1 95,000 0 95,000 0
0.463 1 11,000 0 11,000 0
0.465 47 3,162,000 0 0 3,162,000
TOTAL 2,866 331,986,000 157,877,000 5,717,000 168,392,000
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06-Sep-2010 15:44 Genting HK USD   /   Genting HK US$       Go to Message
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15:38:16 0.435 1,000,000 Bought From Seller

 

15:12:37 0.430 1,000,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 14:47) Posted:

14:35:22 0.435 1,000,000 Bought From Seller


pharoah88      ( Date: 06-Sep-2010 14:27) Posted:

 

14:12:54 0.430 2,000,000 Bought From Seller



Good Post  Bad Post 
06-Sep-2010 15:38 Others   /   TRADE FREELY & LiVE LONGER       Go to Message
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 Rules tightening to return sanity to HDB resale market

Colin Tan

Before Monday [6 Sep 2010], if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private residential properties if the owner has not stayed in his public housing flat for five years.

Private property owners who buy an HDB flat now have to dispose of their private homes within six months.

When the ownership rules for HDB resale flats were relaxed just a few years ago — when prices were still depressed — no one could have foreseen how they would go on to outperform the private housing market in terms of rental yields and capital appreciation within just a few quarters.

In terms of risk, they were probably the safest investment property to spend your savings on. Almost as good as Singapore Government bonds, HDB flats were a safe haven compared to the surrounding financial turbulence.

Many had expected the opening of the two integrated resorts to strongly drive up the demand for private housing.

As a result, values were chased up to unrealistic levels, only to disappoint when the widely anticipated boom did not materialise. Instead, the unrealistic price levels for private properties drove demand towards the public housing sector and kept them there.

Rental demand from both foreign workers and expatriates for public housing flats grew. Rental yields rose and soon caught the eyes of investors. Soon, more people began to buy them as investment properties — a trend noticeable as far back as 12 to 18 months ago.

At the same time, more and more would-be HDB upgraders could not cross the widening gap between the private and public housing sectors. Upgrading became restricted to a bigger flat type or a newer flat in a better location.

In the meantime, newly-formed households were moving into the housing market. Unlike in the private housing market, where a premium is paid for properties under construction, the premium in the public housing market is for completed flats or those nearing completion.

This is because demand for the former is driven by investors who pay more for the opportunity to speculate, while demand for the latter is driven by the need for immediate occupation.

Without the release of flats from upgraders, additional supply could only come from newly-maturing flats whose owners had occupied their properties for five years. New annual supply from this source is fixed as it is tied to events which happened seven to eight years ago.

Before long, a shortage developed and was made more acute by investors who were crowding out genuine households and raising overall sentiment and prices with their record-price buys. It did not help that new flat prices were linked to prices for resale flats which were fast becoming a full-fledged investment product and a safe haven from the excessive liquidity in the market.

New flats, with their myriad ownership rules, are definitely not investment products. They can never be truly comparable to resale flats. They are poles apart, as different as night and day.

To make price adjustments from one to the other is to compare Singapore apartments in Woodlands to apartments just across the Causeway in Johor Baru. They may look the same and distance-wise, not far from each other but one commands a value significantly higher than the other.

The new rules announced on Monday bring them back a lot closer — in terms of minimum occupation period and ownership restrictions. This can only be good for the market. It makes the job of those who decide on the prices of new flats a lot easier.

To those who complain, these are not really new rules. We are just falling back on old ones which worked well in the past.

To investors, if you cannot afford to live in a private property and invest in another in the first place but want to live in an HDB flat and invest in one, you are probably the most vulnerable to a sudden and sharp downward price correction.

It may not be immediately obvious to you, but like a gambling addict, you need protection from yourself.

 



property@mediacorp.com.sg
 The writer is head of research and consultancy at Chesterton Suntec International.

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06-Sep-2010 15:33 All-S Equities Fin   /   SINGAPORE BANKS - UOB + OCBC + DBS       Go to Message
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 Rules tightening to return sanity to HDB resale market

Colin Tan

Before Monday [6 Sep 2010], if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private residential properties if the owner has not stayed in his public housing flat for five years.

Private property owners who buy an HDB flat now have to dispose of their private homes within six months.

When the ownership rules for HDB resale flats were relaxed just a few years ago — when prices were still depressed — no one could have foreseen how they would go on to outperform the private housing market in terms of rental yields and capital appreciation within just a few quarters.

In terms of risk, they were probably the safest investment property to spend your savings on. Almost as good as Singapore Government bonds, HDB flats were a safe haven compared to the surrounding financial turbulence.

Many had expected the opening of the two integrated resorts to strongly drive up the demand for private housing.

As a result, values were chased up to unrealistic levels, only to disappoint when the widely anticipated boom did not materialise. Instead, the unrealistic price levels for private properties drove demand towards the public housing sector and kept them there.

Rental demand from both foreign workers and expatriates for public housing flats grew. Rental yields rose and soon caught the eyes of investors. Soon, more people began to buy them as investment properties — a trend noticeable as far back as 12 to 18 months ago.

At the same time, more and more would-be HDB upgraders could not cross the widening gap between the private and public housing sectors. Upgrading became restricted to a bigger flat type or a newer flat in a better location.

In the meantime, newly-formed households were moving into the housing market. Unlike in the private housing market, where a premium is paid for properties under construction, the premium in the public housing market is for completed flats or those nearing completion.

This is because demand for the former is driven by investors who pay more for the opportunity to speculate, while demand for the latter is driven by the need for immediate occupation.

Without the release of flats from upgraders, additional supply could only come from newly-maturing flats whose owners had occupied their properties for five years. New annual supply from this source is fixed as it is tied to events which happened seven to eight years ago.

Before long, a shortage developed and was made more acute by investors who were crowding out genuine households and raising overall sentiment and prices with their record-price buys. It did not help that new flat prices were linked to prices for resale flats which were fast becoming a full-fledged investment product and a safe haven from the excessive liquidity in the market.

New flats, with their myriad ownership rules, are definitely not investment products. They can never be truly comparable to resale flats. They are poles apart, as different as night and day.

To make price adjustments from one to the other is to compare Singapore apartments in Woodlands to apartments just across the Causeway in Johor Baru. They may look the same and distance-wise, not far from each other but one commands a value significantly higher than the other.

The new rules announced on Monday bring them back a lot closer — in terms of minimum occupation period and ownership restrictions. This can only be good for the market. It makes the job of those who decide on the prices of new flats a lot easier.

To those who complain, these are not really new rules. We are just falling back on old ones which worked well in the past.

To investors, if you cannot afford to live in a private property and invest in another in the first place but want to live in an HDB flat and invest in one, you are probably the most vulnerable to a sudden and sharp downward price correction.

It may not be immediately obvious to you, but like a gambling addict, you need protection from yourself.

 



property@mediacorp.com.sg
 The writer is head of research and consultancy at Chesterton Suntec International.

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06-Sep-2010 15:29 Fixed Deposits   /   $$$$ F D Interest Abnormalisation MLM BUBBLE $$$       Go to Message
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x 0
 Rules tightening to return sanity to HDB resale market

Colin Tan

Before Monday [6 Sep 2010], if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private residential properties if the owner has not stayed in his public housing flat for five years.

Private property owners who buy an HDB flat now have to dispose of their private homes within six months.

When the ownership rules for HDB resale flats were relaxed just a few years ago — when prices were still depressed — no one could have foreseen how they would go on to outperform the private housing market in terms of rental yields and capital appreciation within just a few quarters.

In terms of risk, they were probably the safest investment property to spend your savings on. Almost as good as Singapore Government bonds, HDB flats were a safe haven compared to the surrounding financial turbulence.

Many had expected the opening of the two integrated resorts to strongly drive up the demand for private housing.

As a result, values were chased up to unrealistic levels, only to disappoint when the widely anticipated boom did not materialise. Instead, the unrealistic price levels for private properties drove demand towards the public housing sector and kept them there.

Rental demand from both foreign workers and expatriates for public housing flats grew. Rental yields rose and soon caught the eyes of investors. Soon, more people began to buy them as investment properties — a trend noticeable as far back as 12 to 18 months ago.

At the same time, more and more would-be HDB upgraders could not cross the widening gap between the private and public housing sectors. Upgrading became restricted to a bigger flat type or a newer flat in a better location.

In the meantime, newly-formed households were moving into the housing market. Unlike in the private housing market, where a premium is paid for properties under construction, the premium in the public housing market is for completed flats or those nearing completion.

This is because demand for the former is driven by investors who pay more for the opportunity to speculate, while demand for the latter is driven by the need for immediate occupation.

Without the release of flats from upgraders, additional supply could only come from newly-maturing flats whose owners had occupied their properties for five years. New annual supply from this source is fixed as it is tied to events which happened seven to eight years ago.

Before long, a shortage developed and was made more acute by investors who were crowding out genuine households and raising overall sentiment and prices with their record-price buys. It did not help that new flat prices were linked to prices for resale flats which were fast becoming a full-fledged investment product and a safe haven from the excessive liquidity in the market.

New flats, with their myriad ownership rules, are definitely not investment products. They can never be truly comparable to resale flats. They are poles apart, as different as night and day.

To make price adjustments from one to the other is to compare Singapore apartments in Woodlands to apartments just across the Causeway in Johor Baru. They may look the same and distance-wise, not far from each other but one commands a value significantly higher than the other.

The new rules announced on Monday bring them back a lot closer — in terms of minimum occupation period and ownership restrictions. This can only be good for the market. It makes the job of those who decide on the prices of new flats a lot easier.

To those who complain, these are not really new rules. We are just falling back on old ones which worked well in the past.

To investors, if you cannot afford to live in a private property and invest in another in the first place but want to live in an HDB flat and invest in one, you are probably the most vulnerable to a sudden and sharp downward price correction.

It may not be immediately obvious to you, but like a gambling addict, you need protection from yourself.

 



property@mediacorp.com.sg
 The writer is head of research and consultancy at Chesterton Suntec International.

Good Post  Bad Post 
06-Sep-2010 15:25 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
x 0
x 0
 Rules tightening to return sanity to HDB resale market

Colin Tan

Before Monday [6 Sep 2010], if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private residential properties if the owner has not stayed in his public housing flat for five years.

Private property owners who buy an HDB flat now have to dispose of their private homes within six months.

When the ownership rules for HDB resale flats were relaxed just a few years ago — when prices were still depressed — no one could have foreseen how they would go on to outperform the private housing market in terms of rental yields and capital appreciation within just a few quarters.

In terms of risk, they were probably the safest investment property to spend your savings on. Almost as good as Singapore Government bonds, HDB flats were a safe haven compared to the surrounding financial turbulence.

Many had expected the opening of the two integrated resorts to strongly drive up the demand for private housing.

As a result, values were chased up to unrealistic levels, only to disappoint when the widely anticipated boom did not materialise. Instead, the unrealistic price levels for private properties drove demand towards the public housing sector and kept them there.

Rental demand from both foreign workers and expatriates for public housing flats grew. Rental yields rose and soon caught the eyes of investors. Soon, more people began to buy them as investment properties — a trend noticeable as far back as 12 to 18 months ago.

At the same time, more and more would-be HDB upgraders could not cross the widening gap between the private and public housing sectors. Upgrading became restricted to a bigger flat type or a newer flat in a better location.

In the meantime, newly-formed households were moving into the housing market. Unlike in the private housing market, where a premium is paid for properties under construction, the premium in the public housing market is for completed flats or those nearing completion.

This is because demand for the former is driven by investors who pay more for the opportunity to speculate, while demand for the latter is driven by the need for immediate occupation.

Without the release of flats from upgraders, additional supply could only come from newly-maturing flats whose owners had occupied their properties for five years. New annual supply from this source is fixed as it is tied to events which happened seven to eight years ago.

Before long, a shortage developed and was made more acute by investors who were crowding out genuine households and raising overall sentiment and prices with their record-price buys. It did not help that new flat prices were linked to prices for resale flats which were fast becoming a full-fledged investment product and a safe haven from the excessive liquidity in the market.

New flats, with their myriad ownership rules, are definitely not investment products. They can never be truly comparable to resale flats. They are poles apart, as different as night and day.

To make price adjustments from one to the other is to compare Singapore apartments in Woodlands to apartments just across the Causeway in Johor Baru. They may look the same and distance-wise, not far from each other but one commands a value significantly higher than the other.

The new rules announced on Monday bring them back a lot closer — in terms of minimum occupation period and ownership restrictions. This can only be good for the market. It makes the job of those who decide on the prices of new flats a lot easier.

To those who complain, these are not really new rules. We are just falling back on old ones which worked well in the past.

To investors, if you cannot afford to live in a private property and invest in another in the first place but want to live in an HDB flat and invest in one, you are probably the most vulnerable to a sudden and sharp downward price correction.

It may not be immediately obvious to you, but like a gambling addict, you need protection from yourself.

 



property@mediacorp.com.sg
 The writer is head of research and consultancy at Chesterton Suntec International.

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06-Sep-2010 15:20 User Research/Opinions   /   &&&&&&&& PROFITS & PHILANTHROPHY &&&&&&&&       Go to Message
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Rules tightening to return sanity to HDB resale market

Colin Tan

property@mediacorp.com.sg

Before Monday [6 Sep 2010], if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors.

The writer is head of research and consultancy at Chesterton Suntec International.

However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private residential properties if the owner has not stayed in his public housing flat for five years.

Private property owners who buy an HDB flat now have to dispose of their private homes within six months.

When the ownership rules for HDB resale flats were relaxed just a few years ago — when prices were still depressed — no one could have foreseen how they would go on to outperform the private housing market in terms of rental yields and capital appreciation within just a few quarters.

In terms of risk, they were probably the safest investment property to spend your savings on. Almost as good as Singapore Government bonds, HDB flats were a safe haven compared to the surrounding financial turbulence.

Many had expected the opening of the two integrated resorts to strongly drive up the demand for private housing.

As a result, values were chased up to unrealistic levels, only to disappoint when the widely anticipated boom did not materialise. Instead, the unrealistic price levels for private properties drove demand towards the public housing sector and kept them there.

Rental demand from both foreign workers and expatriates for public housing flats grew. Rental yields rose and soon caught the eyes of investors. Soon, more people began to buy them as investment properties — a trend noticeable as far back as 12 to 18 months ago.

At the same time, more and more would-be HDB upgraders could not cross the widening gap between the private and public housing sectors. Upgrading became restricted to a bigger flat type or a newer flat in a better location.

In the meantime, newly-formed households were moving into the housing market. Unlike in the private housing market, where a premium is paid for properties under construction, the premium in the public housing market is for completed flats or those nearing completion.

This is because demand for the former is driven by investors who pay more for the opportunity to speculate, while demand for the latter is driven by the need for immediate occupation.

Without the release of flats from upgraders, additional supply could only come from newly-maturing flats whose owners had occupied their properties for five years. New annual supply from this source is fixed as it is tied to events which happened seven to eight years ago.

Before long, a shortage developed and was made more acute by investors who were crowding out genuine households and raising overall sentiment and prices with their record-price buys. It did not help that new flat prices were linked to prices for resale flats which were fast becoming a full-fledged investment product and a safe haven from the excessive liquidity in the market.

New flats, with their myriad ownership rules, are definitely not investment products. They can never be truly comparable to resale flats. They are poles apart, as different as night and day.

To make price adjustments from one to the other is to compare Singapore apartments in Woodlands to apartments just across the Causeway in Johor Baru. They may look the same and distance-wise, not far from each other but one commands a value significantly higher than the other.

The new rules announced on Monday bring them back a lot closer — in terms of minimum occupation period and ownership restrictions. This can only be good for the market. It makes the job of those who decide on the prices of new flats a lot easier.

To those who complain, these are not really new rules. We are just falling back on old ones which worked well in the past.

To investors, if you cannot afford to live in a private property and invest in another in the first place but want to live in an HDB flat and invest in one, you are probably the most vulnerable to a sudden and sharp downward price correction.

It may not be immediately obvious to you, but like a gambling addict, you need protection from yourself.

Good Post  Bad Post 
06-Sep-2010 15:02 Oceanus   /   OCEANUS is 'a potential takeover target'?       Go to Message
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How much did you make from the TDR conversion ?

 



Laulan      ( Date: 06-Sep-2010 11:17) Posted:

Hi, all subscribers to the TDRs should have already got their cheques.  I got mine and am going to buy back the shares.  I think many investors will do the smae.  Total money float of SGD $70 Million are ready to buy Oceanus.  So added to other non subscriber investors, this should help chase the shares. 

cysnotts      ( Date: 01-Sep-2010 00:12) Posted:



Hi anyone allocated the 2nd TDR ? How and when will we be getting our $$$.

Pls advise. 


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06-Sep-2010 14:47 Genting HK USD   /   Genting HK US$       Go to Message
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14:35:22 0.435 1,000,000 Bought From Seller


pharoah88      ( Date: 06-Sep-2010 14:27) Posted:

 

14:12:54 0.430 2,000,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 12:04) Posted:

 

 

12:00:48 0.435 1,665,000 Bought From Seller

 

12:00:41 0.435 1,215,000 Bought From Seller

 

12:00:14 0.435 1,000,000 Bought From Seller

 

11:59:33 0.435 1,000,000 Bought From Seller

 

11:56:52 0.430 1,000,000 Bought From Seller



Good Post  Bad Post 
06-Sep-2010 14:27 Genting HK USD   /   Genting HK US$       Go to Message
x 0
x 0

 

14:12:54 0.430 2,000,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 12:04) Posted:

 

 

12:00:48 0.435 1,665,000 Bought From Seller

 

12:00:41 0.435 1,215,000 Bought From Seller

 

12:00:14 0.435 1,000,000 Bought From Seller

 

11:59:33 0.435 1,000,000 Bought From Seller

 

11:56:52 0.430 1,000,000 Bought From Seller



pharoah88      ( Date: 06-Sep-2010 11:54) Posted:

11:47:04 0.430 1,000,000 Bought From Seller


Good Post  Bad Post 
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