Home
Login Register
Others   

Goldman Sachs on Singapore Property

 Post Reply 1-8 of 8
 
chinastar
    08-Sep-2008 04:04  
Contact    Quote!

 

 

they are very greedy. 

they are going to get burn anyway



tanglinboy      ( Date: 01-Sep-2008 19:49) Posted:



Some people I know are in trouble.

They are gambling on en-bloc sale and they also bought another new apartment. But now, the property market has soured. They can't find a buyer for their existing condo and they are stuck with financing the new one. Money is getting tight and they are getting more desperate.

I am not surprised that there are vandalism cases in some of this en-bloc condos. I can imagine the desperation and panic that these people are feeling right now.

 
 
cyjjerry85
    02-Sep-2008 17:52  
Contact    Quote!
GS no longer credible

elfinchilde      ( Date: 02-Sep-2008 16:33) Posted:

good good. when GS calls sell, that's when they start buying. hehe.

 
 
trader88.sg
    02-Sep-2008 17:17  
Contact    Quote!
Oops, Mr Market is not proving GS wrong. GS is the one trying to fool Mr Market by issuing sell calls while GS was secretly buying up. Smiley 
 

 
trader88.sg
    02-Sep-2008 16:48  
Contact    Quote!
It seems that Mr Market is trying to prove GS wrong by ramping up Capitaland today.  
 
 
elfinchilde
    02-Sep-2008 16:33  
Contact    Quote!
good good. when GS calls sell, that's when they start buying. hehe.
 
 
Nokita
    02-Sep-2008 16:25  
Contact    Quote!
 

 
tanglinboy
    01-Sep-2008 19:49  
Contact    Quote!


Some people I know are in trouble.

They are gambling on en-bloc sale and they also bought another new apartment. But now, the property market has soured. They can't find a buyer for their existing condo and they are stuck with financing the new one. Money is getting tight and they are getting more desperate.

I am not surprised that there are vandalism cases in some of this en-bloc condos. I can imagine the desperation and panic that these people are feeling right now.
 
 
scotty
    31-Aug-2008 17:45  
Contact    Quote!


I just saw a report from GS. They are very bearish about the real estate market. Forecast of 20% drop in prime market and 10% drop in general market by end of 2009.

TP for Capitaland - 5.20

TP for City Development - 9.10

TP for Wing Tai - 1.12

TP for Allgreen - 0.90

TP for Keppel Land - 4.66
 
Important: Please read our Terms and Conditions and Privacy Policy .