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Hi ,thanks for your advice. May I know where you get Mit Easy Clean Invertor System 3 for less than $2.9k? is $2.9k is after GST or before GST? Their service good or not? Thanks

Anybody know mitshubushi system 3 noninverter or inverter how much can get?

Sep 14, 2007, Reuters S'pore housing market heads for correction SINGAPORE'S housing market - which has seen prices skyrocket amid frenzied buying - is heading for a correction, as analysts predict a building boom could flood the city-state with new homes by 2009. Private home prices, which have surged to decade highs in the past 40 months, are holding for now, but analysts say the market is increasingly vulnerable to a sudden downturn in sentiment. Global property investor LaSalle Investment Management, which has US$6 billion (S$9 billion) of real estate assets in Asia, says Singapore residential property is 'fully priced' and will consolidate before appreciating any further. 'By global standards, Singapore luxury apartments are very expensive. At some point, affordability and common sense have to come in,' said Jack Chandler, LaSalle Investment Asia-Pacific Chief Executive Officer. Property developers and agents say fewer deals were struck last month, slowing a buying frenzy that saw people queue overnight for some projects and that pushed Singapore real estate price gains past those of regional rivals such as Hong Kong. 'A correction is going to take place. The question is: how severe?' said Winston Liew, analyst at OCBC Investment Research. Singapore luxury homes fetched an average $16,743 per square metre (psm) in June, up 52 per cent from a year ago, against Hong Kong's 13 per cent rise in capital values to $18,286 psm. Those who bought property as a sure-fire investment are fretting. 'I'm nervous because I don't expect prices to rise anytime soon. The signals aren't good,' said Charles Wong, who paid S$1.1 million (US$728,000) for a one-bedroom downtown apartment in April. Excess supply Housing supply has been tight as developers tore down old developments to replace them with newer properties, pushing thousands of displaced homeowners back to the market. According to Jones Lang LaSalle, some 3,876 private apartments will be demolished this year - more than the 3,295 new homes expected to come on to the market. These 'en bloc' deals - where entire housing estates are knocked down - have slowed since the government tightened rules on them. Collective home sales totalled S$11 billion in the first seven months this year but dropped to S$783 million in August. Property market sentiment has been supported by Singapore's long-term goal to boost the island's population to 6.5 million from 4.5 million, but analysts forecast a glut of new homes from end-2008. 'In terms of actual occupants, there will be excess supply by 2009,' said Jones Lang LaSalle Head of Research Chua Yang Liang. He estimates there will be 11,975 new private apartments available in 2009 - nearly four times the number expected this year and double the anticipated amount in 2008. Car garages in the sky At least four out of five Singaporeans live in state-subsidised high-rise flats, leaving the private home market dependent on upper-income residents and foreigners. Investment firm Emirates Tarian Capital is betting these foreign investors, who comprise nearly half the buyers in most projects, will focus increasingly on high-end homes. 'Demand is going to be selective and for branded, quality projects where the quantity is limited,' said Kunalan Sivapuniam, managing partner of the firm, which is investing in two high-rises including one 30-storey block equipped with individual lifts to bring owners' cars up to each apartment. Developers, who usually sell their projects in stages, have held off launching their units for sale in recent weeks. 'If we feel the market is slowing, we're not going to push the project only to have buyers back out later,' Cheng Wai Keung, chairman of luxury home builder Wing Tai Holdings said. Crunch time Analysts say a global credit crunch could constrain Singapore property firms' ability to offer liberal repayment schemes that allow buyers to make a 10 to 20 per cent deposit and delay the bulk of payment until the property nears completion. These 'deferred payment' plans, introduced after a property slump in 2001, have been key to driving market growth, with up to 90 per cent of buyers in some projects opting for them. In July, the central bank warned that delayed payments plans posed 'additional risks' to developers and their banks because of the possibility of default. Those risks have only grown with the US mortgage crisis. 'If the cost of capital rises, smaller developers will find it harder to offer deferred payment schemes,' said an analyst. Singapore's biggest developer CapitaLand said it would continue to offer such schemes 'where appropriate'. CapitaLand, City Developments and Keppel Land have posted strong second-quarter profits, driven by strong contributions from their Singapore businesses. They should, however, be largely protected against a fall in housing prices as most have diversified into office property and housing developments outside Singapore. CapitaLand, for example, earns up to 80 per cent of its profit overseas. 'Major developers have lower gearing, sufficient cash or unutilised credit lines to prevent a squeeze,' wrote Deutsche Bank strategist Gregory Lui in a recent report. -- REUTERS

I hear one of my friend tell me that: According to some property agents, the number of cases that the Option to Purchase lapses are getting worst... Especially in those properties that were pushed up recently by investors... Is anybody or agent also hear the news?

You can complain to Propnex, but Propnex may protect the agent, we don't know. so you should Complain to CASE also: http://www.case.org.sg/contactus.htm Address Main office 170 Ghim Moh Road #05-01 Ulu Pandan Community Building Singapore 279621 (Nearest MRT Station: Buona Vista) (Bus numbers: 92, 100, 111, 198) *Branch office (by appointment only) 75 Jellicoe Road #03-03 Wavelink Building Singapore 208738 *for appointment - call our hotline (Nearest MRT Station: Lavender) For consumer advice and mediation Walk-ins at Ghim Moh office from Mon-Sat: 9am-4pm Hotline: 6463 1811 Fax: 6467 9055 Email: complaints@case.org.sg

Complain to their company not use one, their company will protect them, Complain to CASE: Address Main office 170 Ghim Moh Road #05-01 Ulu Pandan Community Building Singapore 279621 (Nearest MRT Station: Buona Vista) (Bus numbers: 92, 100, 111, 198) *Branch office (by appointment only) 75 Jellicoe Road #03-03 Wavelink Building Singapore 208738 *for appointment - call our hotline (Nearest MRT Station: Lavender) For consumer advice and mediation Walk-ins at Ghim Moh office from Mon-Sat: 9am-4pm Hotline: 6463 1811 Fax: 6467 9055 Email: complaints@case.org.sg

Just what is the role of a property agent? Friday • July 13, 2007 Letter from Jocelyn Koh I am renting out my apartment for the first time and am not very sure exactly what the agent's job involves and what services I am actually paying for. Firstly, I understand that the tenant does not have to pay any commission if his monthly rental is above $2,500, with the landlord instead having to pay the full commission to the agent. I would like to know why there isn't a cap on such commission to protect the landlord's interests. For a two-year lease, the market practice has typically been to pay one month's rent in commission. This doesn't seem logical to me — why should we pay an agent say, $2,600 or $10,000 or more (depending on the monthly rent amount) when the amount of work the agent does is exactly the same? Secondly, when there are two agents involved in the transaction, the commission is shared by both. However, when there is only one agent representing the tenant, the landlord still has to pay that same amount of commission. Is this justifiable just for that bit of extra work handled by one person instead of two? This doesn't make sense for me as a landlord — I don't have an agent, yet I have to spend money to place advertisements in the media, answer calls about enquiries and schedule viewing appointments. It is worse when the agent is "pro-tenant" and protects his or her client's interests when actually being paid by the landlord. Lastly, why do we need to pay the agents the full commission again when we renew the tenancy with the same tenant, when the amount of work involved the next time round is a fraction of the original workload? Do we have to continue paying the full commission every time we renew the contract? Why, and what are we paying for? With the current increase in transactions in the rental property market, could the relevant authorities provide some advice and guidelines on this?

Buying HDB flat? You don't need to pay seller's agent Case gets more complaints from buyers without agents who are misled into paying such commissions By Tan Hui Yee MANY HDB flat buyers who bypass estate agents to make their purchases are still being fleeced for thousands of dollars in commissions - by the sellers' agents. The Consumers Association of Singapore (Case) has received a growing number of complaints from home buyers who were unaware they are not required to pay the fees but who were misled into coughing them up. Independent buyers complain that the sellers' agents inform them they have to pay the commissions just before the purchase documents are signed. This leaves the buyers with little time to find out their rights. The buyers, in fact, can opt out of paying the fee - usually 1 per cent of a flat's price - if they say upfront that they will not be using the agent's service. This means the buyer will have to do the paperwork himself. Case received 85 complaints about the payment of commissions last year, up from 60 the year before. In the first two months of this year, 11 such complaints were received. The complaints are rising at a time when more buyers and sellers are choosing to deal without agents. According to the Housing Board, 3 per cent of last year's 31,000 resale housing applications - about 930 deals - were made via its online e-Resale system, which caters specifically to buyers and sellers dealing without agents. The figure has gone up from 2.5 per cent in 2004 and 2 per cent the year before. Property agencies say more buyers than sellers usually choose to go it alone. The Institute of Estate Agents receives an average of 30 inquiries a month on the payment of commissions. There is no law fixing the fees to be paid to agents for property purchases. Agents hired by HDB flat sellers tend to charge independent buyers a 1 per cent commission. This fee is usually not levied on those buying private property independently. The managing director of C&H Realty, Mr Albert Lu, said this is because there are more restrictions on people buying HDB flats - on their age and marital status, for example - and therefore more paperwork to process. The assistant vice-president of property agency ERA Singapore, Mr Eugene Lim, added: 'Ninety per cent of HDB flat buyers don't have the time, or don't know the procedures. The agent has to walk the buyer through the whole process.' But buyers like Ms Jessica Tee, 32, beg to differ. The bank manager and her husband, who bought a four-room flat in Pasir Ris last year for $250,000, said they were misled by the seller's agent into paying the fee. The agent asked them to sign an agreement stating that they would pay him the fee while sealing the deal for the flat. Ms Tee said: 'It didn't feel very right. It was a bit strange, because he didn't represent us. But he said it was procedural.' They gave him the benefit of the doubt and signed the form, only to find out later that it was optional. Ms Tee said she would have done the paperwork herself if she had known beforehand that a fee was payable. Both Case and the property agencies approached - ERA, C&H and PropNex - stated that agents have the responsibility to make it clear to independent buyers upfront that they would be charging a fee. But Mr Lu conceded it was unlikely many agents would voluntarily tell buyers they could opt out of paying. He advised buyers to broach the topic before agreeing to the deal. Case executive director Seah Seng Choon stated: 'Home buyers should not pay a commission if they have not consented to using the service of the agent.' tanhy@sph.com.sg

What is the sibor rate now?

Thanks

Yes , who know when bubble will burst , It sure will burst but nobody know when

You have your point, seller wish up and buyer wish down, let observer see what happen, who can guarantee 100% up and down? let wait and see together

buyer should wait now, the price is radiculous

One of friend case: Resale application not submitted by seller agent...... bcoz he claim that he have not found a new house for the seller yet so cannot submit...and its delaying my purchase....how?how to punish him??

Your agent mostly can not get from seller because seller also have their own agent. if you can not pay agent fee, you should go to read straint times every saturday to look for your HDB, then call to seller agent directly without your agent help, you can see this topic. someone teach me how to save agent fee: http://www.renotalk.com/forum/index.php?showtopic=8649

western big investors now hype up the market when time is right...they pull out..causing a big mess to China...a plot to bring China down, when the stock market down, will agect all asia stock market, then also will affect peoperty market. so now the period is not good to invest high risk investment.

I also agree Property Market Bubble will boom, now the market is high, the best is wait and see. Don't go for any high risk investment now

Thanks for your info

But i think seller agent also smart, you get successful not pay to seller agent?

but will seller agent will allow you to do this?

If I direct to seller agent, should I pay agent fee? Know that somebody did not pay it if we did not sign any contract with seller agent.

Which Bank's Housing Loan is good now?