atans1

TRE cybernuts and central bank singing from the same song sheet

In Economy, Financial competency, Property on 30/11/2019 at 11:32 am

A recurring tune that TRE’s cybernut-in-chief “Oxygen” and his pals (like “Jihadist Joe” aka “Bapak”) shout is that the property market sure to crash and that when that day comes, they shout that they’ll be having orgasms of joy seeing their fellow S’poreans (even anti-PAP voters) suffer. Problem is that they’ve been predicting this since when TRE started (circa 2007, I think).

So my conclusion in reading the u/m headline from the usual constructive, nation-building CNA is that MAS must have been infiltrated by said cybernuts. Time for the ISD to investigate senior central bank officials for being anti-PAP?

Singapore property market faces risks from unsold units, uncertain economy: MAS

Singapore’s property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28).

In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of risks and remain prudent.

Property firms that have built up high levels of leverage and hold large unsold inventory should also exercise prudence …

These concerns come against the backdrop of a moderation in the private residential property market following the cooling measures introduced in July last year.

https://www.channelnewsasia.com/news/business/mas-financial-stability-review-property-risks-unsold-homes-12133586

Don’t they know there’s a GE (My prediction in 2018 Akan datang: GE in late 2019) and GST rise (How PAP can win 65% plus of the vote) round the corner?

Seriously, just remove Additional Buyer’s Stamp Duty (ABSD) and prices will cheong.

Related posts:

Forgot (ignored?) asset inflation?

Look at our private housing, it’s expensive:

Buying homes the billionaire way: two luxury homes are better than one

Why S$73.8m flat is a steal

Why S’pore is so shiok for private property investors

And even in private property there are govt controls

Ang moh’s great insight on property mkt

PAP whacks greedy pigs

 

 

 

 

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