New EC at Sumang Walk

momoeagle

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They are capturing those enblocked owners kids.

Dad got 3mil cash, 60yo, pay for kids up front, how does that sound?

Sounds good. Lucky kids. The old enbloc owners also need a place to stay anyway.

Music chair continues.
 

momoeagle

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Highest :o

Sales of new private homes rose to its highest this year in July, as more buyers returned to the market after the June holidays and developers rushed to release their projects ahead of the inauspicious Hungry Ghost Festival in August.

SINGAPORE, Aug 15 (Reuters) - Sales of private homes by developers in Singapore dived 31.2% in July from a year earlier, government data showed on Thursday.


Seriously, don't you just love statistics and numbers and how it is always played around for agendas?
 

Zze121

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Sounds good. Lucky kids. The old enbloc owners also need a place to stay anyway.

Music chair continues.

Old man probably need just a roof over his head, a HDB resale could just solve his and the wifu needs.
 

momoeagle

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Old man probably need just a roof over his head, a HDB resale could just solve his and the wifu needs.
Sounds good too. Old man stay HDB and lovingly give his money to his children to go buy their condos and self stay.

Lucky kids.
 

Merg91

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Let me guess, some lucky kids could also have strike Toto /Big Sweep.
It is easily 10-20 lucky kids each year.
 

birmingham123

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ECs always promise of profit but if you look at the trend of BTO sales, the profit of EC and BTO are almost similar if at the same area. Zzz

The income ceiling of EC is higher than bto. And some area bto difficult to get queue number. 2nd timer almost no chance to get q number even. So that is y some choose to go for EC or if hit bto income ceiling then no choice also ma.

Personally I feel if still eligible and can wait, then bto is a better choice. Unless the person really want to have condo facilities
 
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Braun8

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More bad Singapore economic news today, the exports and manufacturing sector have been crashing for 5 consecutive months, and the services sector is slowing down.


Singapore July non-oil exports drop 11.2% in 5th month of double digit contraction

16 Aug 2019

Read more at https://www.straitstimes.com/busine...-drop-112-in-july-in-5th-month-of-contraction


Jobs could be at stake as Singapore economy, services sector slow down, say economists

SINGAPORE — Jobs here could be hit as economic weakness widens and seeps into the services sector, several economists said, in response to the dismal economic and trade data announced on Tuesday (Aug 13).

Mr Brian Tan, regional economist from investment bank Barclays, told TODAY: “Whatever weakness we saw on the global front, it’s starting to seep into the economy. Previously, we can argue that one or two manufacturing sectors are weak, but it doesn’t mean the whole economy (is affected).

“Now we’re starting to see the services sector, as the biggest employer and sector, also slowing down.”

He added that the slower-than-expected growth in the services sector is an “undeniable” indicator that Singapore’s economy is slowing.

Read more at https://www.todayonline.com/singapo...nomy-services-sector-slow-down-say-economists
 

Merg91

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I was just sarcastic.
Hopefully everything is well.
国泰民安.

Most govt also would do economy stimulation if everything is not well.
This is not the first potential recession they face.
And some levies may be lifted.
The major wealth of the local is in properties & a crush would be disasterous for most families.

well, if you asked back those who bought new launch(excluding resale units) 2-4 years back, did they regret? I would guess most of them will say no..
 
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endlssorrow

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This thread is funny
All sorts of comment
Hahahaha
But mostly not into buying
 

windwaver

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More bad Singapore economic news today, the exports and manufacturing sector have been crashing for 5 consecutive months, and the services sector is slowing down.


Singapore July non-oil exports drop 11.2% in 5th month of double digit contraction

16 Aug 2019

Read more at https://www.straitstimes.com/busine...-drop-112-in-july-in-5th-month-of-contraction


Jobs could be at stake as Singapore economy, services sector slow down, say economists

SINGAPORE — Jobs here could be hit as economic weakness widens and seeps into the services sector, several economists said, in response to the dismal economic and trade data announced on Tuesday (Aug 13).

Mr Brian Tan, regional economist from investment bank Barclays, told TODAY: “Whatever weakness we saw on the global front, it’s starting to seep into the economy. Previously, we can argue that one or two manufacturing sectors are weak, but it doesn’t mean the whole economy (is affected).

“Now we’re starting to see the services sector, as the biggest employer and sector, also slowing down.”

He added that the slower-than-expected growth in the services sector is an “undeniable” indicator that Singapore’s economy is slowing.

Read more at https://www.todayonline.com/singapo...nomy-services-sector-slow-down-say-economists
I guess election will be delayed
 

momoeagle

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well, if you asked back those who bought new launch(excluding resale units) 2-4 years back, did they regret? I would guess most of them will say no..
I always wonder why...

for stocks and for properties...

people always use last few years as example when the cycle is of a much longer year.

How about ask those who bought in 1997 whether they regret from 1999 to 2006? Maybe most would say no too, I not sure.
 

momoeagle

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I was just sarcastic.
Hopefully everything is well.
国泰民安.

Most govt also would do economy stimulation if everything is not well.
This is not the first potential recession they face.
And some levies may be lifted.
The major wealth of the local is in properties & a crush would be disasterous for most families.
While I don't agree with your viewpoint, still I hope everything is well too.

Our common ground is Majulah Singapura!
 

momoeagle

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More bad Singapore economic news today, the exports and manufacturing sector have been crashing for 5 consecutive months, and the services sector is slowing down.


Singapore July non-oil exports drop 11.2% in 5th month of double digit contraction

16 Aug 2019

Read more at https://www.straitstimes.com/busine...-drop-112-in-july-in-5th-month-of-contraction


Jobs could be at stake as Singapore economy, services sector slow down, say economists

SINGAPORE — Jobs here could be hit as economic weakness widens and seeps into the services sector, several economists said, in response to the dismal economic and trade data announced on Tuesday (Aug 13).

Mr Brian Tan, regional economist from investment bank Barclays, told TODAY: “Whatever weakness we saw on the global front, it’s starting to seep into the economy. Previously, we can argue that one or two manufacturing sectors are weak, but it doesn’t mean the whole economy (is affected).

“Now we’re starting to see the services sector, as the biggest employer and sector, also slowing down.”

He added that the slower-than-expected growth in the services sector is an “undeniable” indicator that Singapore’s economy is slowing.

Read more at https://www.todayonline.com/singapo...nomy-services-sector-slow-down-say-economists

Economy slow down, country can recover.

Individuals, especially middle aged ones, always need to be careful. Unless in high paying ah gong job.
 

momoeagle

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https://www.businesstimes.com.sg/re...AmGPQaDibimAOTjpmFPiGMMmg4#Echobox=1565391537


The Business Times understands that SL Capital's Sky Everton is offering commissions of up to 3 per cent, while the Affinity at Serangoon - developed by a consortium led by Oxley Holdings - is said to be offering up to 3.7 per cent.

The commission for The Florence Residences by Logan Property is understood to be 1.8 per cent but there are additional cash incentives - which can range from S$5,000 to S$20,000 - for certain units.

....

Frasers Property's luxury development Rivière is understood to be offering a commission of 1.8 per cent, while the commission for City Development Limited and TID's EC Piermont Grand is said to be around 0.9 per cent.

************************************************************

Who want to be a property agent? Close a $1M deal and earn $37k for selling the Affinity.

PG gives only a mere $9k by comparison per million.
 

Merg91

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The developers rather give the agents incentives than to the buyers.
 
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