Forum Replies Created
BIRD FLU !!!!!
All the best. Imac.
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Dear IMAC,1. Why?
2. Are you starting to feel terrified by it now yourself as an Singapore-based expatriate?
3. Why not the threat of dengue fever when some 14 people have reportedly died of dengue fever in Singapore so far and areas like Changi is also known to be one of usual affected areas and where there are reports where local coffee-shop owners even close down their business and temproarily relocate themselves out of the infected area?
4. Looking forward to learning from you soon, please.
5. Thank you.
Hi Ken,
My main concern is not a personal health issue. Although I will be careful.
I am concerned about the expected economic fallout from the measures that WILL be put in place in the event of a pandemic…Quote from Australian government “International travel will virtually cease”. Singapore is very reliant on transiting and tourist dollars.
The World Bank are mentioning severe economic effects.
So I think property will be naturally caught up in any downturn in the economy.The reason why dengue has not caused this effect is of the press shown on Bird Flu. We all should understand the role of the press in any pandemic that may cause negative economic sentiment.
Cheers,
IMACHi All,
Great to see all the good posts about Singapore.I still think the market is too risky for my type of shopping. Maybe the BIG end of town will do ok in the long term. Did anyone buy into Costa Del Sol a few years back. On the East Coast near Bayshore?? The place is only 50% inhabited (about 400 units all up)and when I went there last year to look at renting the owner investor nearly begged me to rent it from him. Scarey stuff. Vacany of these condos seems to be wide spread. The housing allowance is just not forthcoming from the companies anymore.
And my personal thoughts….. Two words might scare the pants off any property investor in the next few months. (BIG end excluded).
BIRD FLU !!!!!
All the best. Imac.[blink]
Looking to go Positive
Hi All & meilin08,
I am an Aussie living in Singapore the last 4 years and have been here previous during the “crazy” days.
This is a market that I am not brave enough to get into….too many rules can be changed overnight. I see the neverending building of Condos just goes on forever. In good times prices up 40%. in bad times down 50%. They are probably just getting off the bottom end now.
I don’t see any real future in rental properties here as I rent and I know lots of expats that used to be here getting the companies to pay rents now get a lot less in rental allowances. My last rented place here used to rent for $4,500 per month. It is now rented at $2,000 per month. So that is what it is like for a 5 year old place….new properties to rent everywhere.
Be brave if you dare. Good luck.IMAC.[cigar]
Looking to go Positive
