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Where are the people who say Wing tai will hit 70cents and property stocks no good?
1.20 triggered. Good luck.
seems like there are 2 possibilities:
1)a take over is imminent?
2)QE3 by USA will open floodgate of $$ into Sg via high end properties purchases?
:)
choing as like dragon fly to high... huhuhu
noticed that this burger has been shooting new " high" recently...up by 1-1.5cts each day siah! I guess it has reached it trough of 94cts last mth liao huh? :P
Only those who have sold high eg. sold @
2.10 recently will benefit.
But those who were excited to buy when it was
2.00 may still
be holding it now (today's price is
.97). At that time, few
people believed it will fall that much... and many would
have been
averaging down all the way (thinking it's very cheap)...
That's why,
jangan main2 (
mo sng-sng) with stocks...
FearValueGreed ( Date: 10-Dec-2011 01:37) Posted:
70cents would be ideal point of entry.
Worth every cents.
Coming and coming, it is really coming.
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70cents would be ideal point of entry.
Worth every cents.
Coming and coming, it is really coming.
SINGAPORE: At least one real estate agency thinks the immediate reaction to the latest cooling measures will be a slowdown in the private property market.
CEO of PropNex Realty Mr Mohamed Ismail said he expects a price correction of approximately 15 to 20 per cent in the central core region and a correction of 10 to 15 per cent in the mass market segment in the next six months.
Propnex also expects transaction volume to dive by as much as 40 per cent in the core central region and by as much as 20 per cent in the mass market segment.
Under the latest changes, foreign buyers of private properties in Singapore will now have to fork out 10 per cent more in stamp duty while permanent residents and Singaporeans are also affected with an increased stamp duty on their second and third properties respectively.
Propnex said the new measures could have been targeted to preserve affordable pricing in the mass market segment - homes costing less than S$2 million where prices have surpassed S$1,000 psf.
It argues that having a blanket policy will impact the high-end market which has been the investment interest of the foreign buyers.
- CNA/ck (8 Dec)
A BIG blow to Property counters especially mid- to high-end developers like WING TAI.
SINGAPORE (CNA 7 Dec): The government has imposed an additional buyer's stamp duty for private property of between 3 per cent and 10 per cent for Singaporeans, Permanent Residents and foreigners from December 8. Foreigners will pay 10 per cent Additional Buyer's Stamp Duty (ABSD) for any residential property.
Permanent Residents owning one and buying second and subsequent properties will pay 3 per cent ABSD.
Singaporeans owning two and buying third and subsequent residential properties will pay 3 per cent Additional Buyer's Stamp Duty.
- CNA/de
Was it ever a trading stock?
like not much trading interest at the moment?
His analysis is not reliable because he wanted SH to hold a conference instead of SG
He is not reliable because he uses statistics well.
Is that what you just said?
hokokfei ( Date: 29-Nov-2011 11:20) Posted:
Andy Xie - let's not mention this person again. Isn't he that xxxxxxx who protested against Singapore holding a financial conference instead of Shanghai, and subsequently booted out of Morgan Stanley for his unprofessional remarks? So what is his big deal being a Rosetta Stone member when he has since been stoned into being a freelancer and into retreating into his own advisory enclave of a consultancy! Couldn't get a job, not even in China for the shame he brought. Read his other articles in various freelancing periodicals and see if his predictions had come true. He is great with his analogical diction and usage of statistics. Ask him what his portfolio is, and I am sure he has some Chinese real estate plays! Listen to End-y and you Xie!
Jackpot2010 ( Date: 26-Nov-2011 21:01) Posted:
Wing Tai's development properties in Suzhou and Guangzhou may be hit if China property bubble burst. read on......China’s Real Estate Market at Tipping Point, Analysts Say
By Cheryl Chen Epoch Times Staff (22 Nov 2011)China’s real estate market is going through its worst decline since the Chinese regime implemented a series of measures to curb rising home prices. Shanghai-based economist Andy Xie (Xie Guozhong)told an audience at the Caixin Summit on Nov. 11that China’s real estate bubble has now burst, as real estate developers have exhausted all avenues that could possibly loan money to them. Xie predicted that many Chinese real estate companies will have to shut down in the coming months and also said that real estate is the root cause for many problems in China’s economy. The distorted real estate market has attracted many industrial entrepreneurs, who expanded their businesses in the hope of pursuing real estate ventures, he said. In October, China’s home prices dropped in 34 of 70 Chinese cities from the previous month, as compared with 17 cities in September. The average month-on-month decline was 0.15 percent, the National Bureau of Statistics of China said on Nov. 18. This is the worst decline since authorities implemented a series of “tightening” measures earlier this year to reign in soaring home prices. In the coastal manufacturing hub of Wenzhou City, Zhejiang Province, property prices dropped the most, with a 4.6 percent decline from September, more than 10 times the national average. In the four “tier one” cities–Beijing, Shanghai, Guangzhou, and Shenzhen–prices fell after three months of stagnation. Half of China’s new real estate tycoons were created in Shanghai during the real estate peak in 2009. Now they are in a crisis. According to the 21st Century Business Herald, one of the developer tycoons just launched a sales promotion offering a price reduction of 7,000 yuan (US$1,000) per square meter, previously listed at 26,000 yuan per square meter, the largest price drop in Chinese real estate history. But sales were still slower than expected. The article cited Shanghai senior real estate expert Chai Yifeng saying that the four biggest real estate tycoons in Shanghai are all facing sales and financing problems. Real Estate analyst Shen Jianguang from the Hong Kong based Mizuho Securities Asia told Voice of America (VOA), “Price drops are not only happening to newly built homes in large cities, but also to existing properties in ‘tier two’ cities.” Shen said he therefore believes that the “tipping point” of China’s housing market has arrived. The Beijing Centaline Agency and Yang Hongxu, director of research at Shanghai E-House Real Estate Institute, concurred with this view. Cheng Xu, a senior economist at Moody, told VOA that China’s real estate bubble has already formed, and bursting is only a matter of time. “When we made the forecast a year ago that China’s real estate bubble will burst, we did a analysis of the cost of a regular 100 square meter (1,076 square feet) apartment in Beijing and a white-collar family income. Based on Moody’s calculation, the ratio was 40:1 for locations within the Fourth Ring in Beijing, and 25:1 for locations between the Fourth Ring and the Fifth Ring. Right before the real estate bubble burst in the U.S., San Francisco and New York City peaked the nation with a ratio of around 10:1. How would this be possible in China?” Andy Xie commented on the regime’s “relief measures,” i.e. the 2008 stimulus package to save the economy. He said Chinese authorities should not take the old path of implementing relief measures again. Relief measures have a negative effect in the long run. It would once again prove that without bailout from the government or banks, China’s moneymaking model will collapse. Without breaking this model, there will be no hope for China’s economy, he said. In March, Larry Lang, chair professor of Finance at the Chinese University of Hong Kong and famous TV host, said the real estate industry is the last pillar that supports China’s economy. Everywhere in China there is serious excess capacity in the economy, with the exception of the property market, which still showed strong demand. However, curbing the real estate market is like trying to prevent a volcano from erupting it will eventually lead to “serious inflation, the economy bottoming out again, or even the eruption of the volcano, and eventually the collapse of the last pillar that supports China’s economy.”
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Andy Xie - let's not mention this person again. Isn't he that xxxxxxx who protested against Singapore holding a financial conference instead of Shanghai, and subsequently booted out of Morgan Stanley for his unprofessional remarks? So what is his big deal being a Rosetta Stone member when he has since been stoned into being a freelancer and into retreating into his own advisory enclave of a consultancy! Couldn't get a job, not even in China for the shame he brought. Read his other articles in various freelancing periodicals and see if his predictions had come true. He is great with his analogical diction and usage of statistics. Ask him what his portfolio is, and I am sure he has some Chinese real estate plays! Listen to End-y and you Xie!
Jackpot2010 ( Date: 26-Nov-2011 21:01) Posted:
Wing Tai's development properties in Suzhou and Guangzhou may be hit if China property bubble burst. read on......China’s Real Estate Market at Tipping Point, Analysts Say
By Cheryl Chen Epoch Times Staff (22 Nov 2011)China’s real estate market is going through its worst decline since the Chinese regime implemented a series of measures to curb rising home prices. Shanghai-based economist Andy Xie (Xie Guozhong)told an audience at the Caixin Summit on Nov. 11that China’s real estate bubble has now burst, as real estate developers have exhausted all avenues that could possibly loan money to them. Xie predicted that many Chinese real estate companies will have to shut down in the coming months and also said that real estate is the root cause for many problems in China’s economy. The distorted real estate market has attracted many industrial entrepreneurs, who expanded their businesses in the hope of pursuing real estate ventures, he said. In October, China’s home prices dropped in 34 of 70 Chinese cities from the previous month, as compared with 17 cities in September. The average month-on-month decline was 0.15 percent, the National Bureau of Statistics of China said on Nov. 18. This is the worst decline since authorities implemented a series of “tightening” measures earlier this year to reign in soaring home prices. In the coastal manufacturing hub of Wenzhou City, Zhejiang Province, property prices dropped the most, with a 4.6 percent decline from September, more than 10 times the national average. In the four “tier one” cities–Beijing, Shanghai, Guangzhou, and Shenzhen–prices fell after three months of stagnation. Half of China’s new real estate tycoons were created in Shanghai during the real estate peak in 2009. Now they are in a crisis. According to the 21st Century Business Herald, one of the developer tycoons just launched a sales promotion offering a price reduction of 7,000 yuan (US$1,000) per square meter, previously listed at 26,000 yuan per square meter, the largest price drop in Chinese real estate history. But sales were still slower than expected. The article cited Shanghai senior real estate expert Chai Yifeng saying that the four biggest real estate tycoons in Shanghai are all facing sales and financing problems. Real Estate analyst Shen Jianguang from the Hong Kong based Mizuho Securities Asia told Voice of America (VOA), “Price drops are not only happening to newly built homes in large cities, but also to existing properties in ‘tier two’ cities.” Shen said he therefore believes that the “tipping point” of China’s housing market has arrived. The Beijing Centaline Agency and Yang Hongxu, director of research at Shanghai E-House Real Estate Institute, concurred with this view. Cheng Xu, a senior economist at Moody, told VOA that China’s real estate bubble has already formed, and bursting is only a matter of time. “When we made the forecast a year ago that China’s real estate bubble will burst, we did a analysis of the cost of a regular 100 square meter (1,076 square feet) apartment in Beijing and a white-collar family income. Based on Moody’s calculation, the ratio was 40:1 for locations within the Fourth Ring in Beijing, and 25:1 for locations between the Fourth Ring and the Fifth Ring. Right before the real estate bubble burst in the U.S., San Francisco and New York City peaked the nation with a ratio of around 10:1. How would this be possible in China?” Andy Xie commented on the regime’s “relief measures,” i.e. the 2008 stimulus package to save the economy. He said Chinese authorities should not take the old path of implementing relief measures again. Relief measures have a negative effect in the long run. It would once again prove that without bailout from the government or banks, China’s moneymaking model will collapse. Without breaking this model, there will be no hope for China’s economy, he said. In March, Larry Lang, chair professor of Finance at the Chinese University of Hong Kong and famous TV host, said the real estate industry is the last pillar that supports China’s economy. Everywhere in China there is serious excess capacity in the economy, with the exception of the property market, which still showed strong demand. However, curbing the real estate market is like trying to prevent a volcano from erupting it will eventually lead to “serious inflation, the economy bottoming out again, or even the eruption of the volcano, and eventually the collapse of the last pillar that supports China’s economy.”
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Wing Tai does not own any China landbank. Only Hong Kong, Malaysia and Singapore.
Wing Tai's development properties in Suzhou and Guangzhou may be hit if China property bubble burst. read on......China’s Real Estate Market at Tipping Point, Analysts Say
By Cheryl Chen Epoch Times Staff (22 Nov 2011)China’s real estate market is going through its worst decline since the Chinese regime implemented a series of measures to curb rising home prices.
Shanghai-based economist Andy Xie (Xie Guozhong)told an audience at the Caixin Summit on Nov. 11that China’s real estate bubble has now burst, as real estate developers have exhausted all avenues that could possibly loan money to them.
Xie predicted that many Chinese real estate companies will have to shut down in the coming months and also said that real estate is the root cause for many problems in China’s economy. The distorted real estate market has attracted many industrial entrepreneurs, who expanded their businesses in the hope of pursuing real estate ventures, he said.
In October, China’s home prices dropped in 34 of 70 Chinese cities from the previous month, as compared with 17 cities in September. The average month-on-month decline was 0.15 percent, the National Bureau of Statistics of China said on Nov. 18. This is the worst decline since authorities implemented a series of “tightening” measures earlier this year to reign in soaring home prices.
In the coastal manufacturing hub of Wenzhou City, Zhejiang Province, property prices dropped the most, with a 4.6 percent decline from September, more than 10 times the national average.
In the four “tier one” cities–Beijing, Shanghai, Guangzhou, and Shenzhen–prices fell after three months of stagnation.
Half of China’s new real estate tycoons were created in Shanghai during the real estate peak in 2009. Now they are in a crisis.
According to the 21st Century Business Herald, one of the developer tycoons just launched a sales promotion offering a price reduction of 7,000 yuan (US$1,000) per square meter, previously listed at 26,000 yuan per square meter, the largest price drop in Chinese real estate history. But sales were still slower than expected.
The article cited Shanghai senior real estate expert Chai Yifeng saying that the four biggest real estate tycoons in Shanghai are all facing sales and financing problems.
Real Estate analyst Shen Jianguang from the Hong Kong based Mizuho Securities Asia told Voice of America (VOA), “Price drops are not only happening to newly built homes in large cities, but also to existing properties in ‘tier two’ cities.”
Shen said he therefore believes that the “tipping point” of China’s housing market has arrived.
The Beijing Centaline Agency and Yang Hongxu, director of research at Shanghai E-House Real Estate Institute, concurred with this view.
Cheng Xu, a senior economist at Moody, told VOA that China’s real estate bubble has already formed, and bursting is only a matter of time.
“When we made the forecast a year ago that China’s real estate bubble will burst, we did a analysis of the cost of a regular 100 square meter (1,076 square feet) apartment in Beijing and a white-collar family income. Based on Moody’s calculation, the ratio was 40:1 for locations within the Fourth Ring in Beijing, and 25:1 for locations between the Fourth Ring and the Fifth Ring. Right before the real estate bubble burst in the U.S., San Francisco and New York City peaked the nation with a ratio of around 10:1. How would this be possible in China?”
Andy Xie commented on the regime’s “relief measures,” i.e. the 2008 stimulus package to save the economy. He said Chinese authorities should not take the old path of implementing relief measures again. Relief measures have a negative effect in the long run. It would once again prove that without bailout from the government or banks, China’s moneymaking model will collapse. Without breaking this model, there will be no hope for China’s economy, he said.
In March, Larry Lang, chair professor of Finance at the Chinese University of Hong Kong and famous TV host, said the real estate industry is the last pillar that supports China’s economy. Everywhere in China there is serious excess capacity in the economy, with the exception of the property market, which still showed strong demand. However, curbing the real estate market is like trying to prevent a volcano from erupting it will eventually lead to “serious inflation, the economy bottoming out again, or even the eruption of the volcano, and eventually the collapse of the last pillar that supports China’s economy.”
No matter what stock, it is not good to buy if it is still on an downtrend...
But since nobody knows the trend, it is still speculation.
Esepecially when it comes to stocks, even one month of
holding a loss is enough to bring on the blues...
propertyinvestor ( Date: 26-Nov-2011 14:24) Posted:
| Agreed, its much better to buy Wing tai than physical property.Its fair value is at least $2! |
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Agreed, its much better to buy Wing tai than physical property.Its fair value is at least $2!
at $1.075 now, it has factored in ~60% fall in property px. that's why it makes more sense to buy Wing Tai at rock-bottom vs physical property. Not vested yet but I'll enter at 99c, hopefully soon.
propertyinvestor ( Date: 25-Nov-2011 08:27) Posted:
| DMG has put a buy call on Wing Tai with TP at $1.93 |
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DMG has put a buy call on Wing Tai with TP at $1.93
