27th JULY 2012-ONLY A PERSON BUYS NEAR LOWS OR AT LOWS OR DURING SUPER BAD TIMES ARE FIT TO BE CALLED AN INVESTOR.INVESTING AINT SIMPLY BUYING AND HOLDING.PLEASE DO NOT INSULT THE TERM INVESTOR

IN 2005,I BOUGHT MY COMMERCIAL SHOP.WHERE ARE THE SO CALLED PROPERTY BULLS THEN??

IN APRIL 2012,I RE-BOUGHT SHIPPING STOCKS AFTER DUMPING AT HIGHS IN EARLY FEB2012,AND HELD UNTIL TODAY JULY,STILL ON PAPER LOSSES. 

DON'T YOU DARE CALL YOURSELF AN INVESTOR IF YOU ONLY BOUGHT AFTER THE ASSET GOES UP 50% OR MORE!!THAT ISNT CALLED INVESTING.THAT IS CALLED SPECULATION AND PUNTING.

A TRUE BLUE INVESTOR ALWAYS IS VERY GREEDY WHEN MAJORITY ARE FEARFUL,AND SHUN AWAY.

SO MANY FAMILY MINDED PEOPLE CHASE PROPERTIES AFTER PRICES HAVE SURGED UP 50% OR MORE AND THEY CLAIMED THAT THEY ARE INVESTING!!!!THEY ARE JUST WAITING FOR THE ECONOMY TO BE STRONG,THEN THEY HAVE LOTS OF BONUSES,THEN THEY DECIDED TO ENTER PROPERTY TO "INVEST" AS BANKS IN SINGAPORE PAY VERY LOW FIXED DEPOSIT RATES.

PLEASE WAKE UP!IT IS VERY VERY SHAMEFUL TO BUY A PROPERTY JUST BEFORE SINGAPORE GOVERNMENT INTRODUCE COOLING MEASURES.

WHAT RIGHT HAVE THOSE WHO SAID THEY INVEST NEAR HIGHS THAT THEY ARE AGAINST STOCKMARKET SPECULATION WHEN THEY THEMSELVES ARE THE REAL SPECULATORS IN PROPERTY MARKET??

LET'S CONSIDER SINGAPORE ECONOMY IN DETAIL:

1)SGD HAS BEEN STRONG SINCE 2002 AGAINST THE USD SINCE USD HIT MAXIMUM PEAK IN JAN2002 AT 1.80S.SGD HAS BEEN STRONG BECAUSE OF THE WEAKNESS OF USA,NOT BECAUSE OF SUPER STRONG FUNDAMENTALS OF SINGAPORE ECONOMY.USA WAS VERY STRONG BEFORE IN THE 1980S TO 2000,SO IT IS USA'S CYCLE TO "COOL DOWN".CAN THE SGD RISE FOR 50YEARS???DON'T MAKE ME ROLL IN LAUGHTER!!

2)STI IS VERY STRONG,BEING THE OUTPERFORMER IN 2012-REPORTED BY THE STRAITS TIMES.RARE TO FIND STRONG STOCKMARKET WITH STRONG CURRENCY TOGETHER!!DOESN'T THS REMIND YOU OF USA IN THE 1990S??STRONG USD + STRONG US STOCKMARKET.

3)THE STRONG SGD ATTRACT A LOT OF FOREIGNERS TO WORK,STAY IN SINGAPORE.HENCE BOOSTING DOMESTIC CONSUMPTION.ONCE WHEN THE SGD STRONG CYCLE IS OVER,THESE SO CALLED FOREIGN TALENTS WILL FLOCK TO OTHER COUNTRIES.

4)SINGAPORE INTEREST RATES ARE AT ROCK BOTTOM.EVEN THEN,PEOPLE LIKE MY COUSIN ARE FINDING IT TOUGH TO PAY FOR HIS CONDOMINIUM MONTHLY MORTGAGE THAT HE MUST RENT OUT 1 ROOM OF HIS TWO ROOM CONDOMINIUM TO PAY.HIS WIFE AND CHILD AND HIM ARE ALL STAYING IN ONE ROOM!!DOMESTIC CONSUMPTION IS THUS AFFECTED AS WORKERS HAVE TO SAVE MONEY TO PAY FOR THE  HIGH MONTHLY MORTGAGE ON PROPERTY AND FOR THE SKYHIGH C.O.E,A PAPER TO ENTITLE YOU TO OWN A CAR.THIS PAPER IS MORE EXPENSIVE THAN THE CAR ITSELF!!CURRENTLY AT AROUND 70-80,000 SGD.YAP!YOU DID'NT SEE WRONGLY.IT IS 5 DIGITS SGD.DOMESTIC CONSUMPTION WILL BE MORE AFFECTED WHEN INTEREST RATES RISE

5)JUST LAST WEEK IN THE PAPERS,IT WAS STATED THAT REAL WAGES ARE ACTUALLY NEGATIVE!!AND THIS WILL HIT THE MIDDLE CLASS VERY HARD.

SO GOOD LUCK CONDOMINIUM BUYERS AFTER 2010!!CONDO PRICES WILL NOT PLUNGE NOW BUT WILL BE STAGNANT OR RISE BY A LITTLE BIT TILL BOTH THE SGD AND THE STI TO END THE STRENGTH CYCLE.

MAXIMUM STI AND SGD HAVE 4-5MORE YEARS TO GO UP.10 YEARS AND THE SGD HAS ONLY GONE UP BY 30% AGAINST THE USD.IF THERE IS REALLY ANOTHER 4-5YEARS MORE,THEN THE SGD CAN GO UP ANOTHER 10-15% MAXIMUM AGAINST THE USD,PEAKING AT AROUND 1.1.SGD WILL NEVER HIT PARITY WITH USD.

ENJOY WHILE THE SUN STILL SHINES IN SINGAPORE!

AFTER THAT WILL COME A MYRIAD OF PROBLEMS:

1)FOREIGNERS WILL LEAVE DUE TO SGD WEAKENING AND USA ECONOMY STRENGTHENING-AFFECTING RENTALS AND DOMESTIC CONSUMPTION.ALTHOUGH LOCALS WILL FIND IT EASIER TO HAVE A JOB,BUT YOU MUST REMEMBER OUT OF 5M POPULATION,ABOUT 1M ARE PERMANENT RESIDENTS

2)INTEREST RATES WILL RISE,HITTING PROPERTY AND DOMESTIC CONSUMPTION HARD.

WEAKER SGD WILL BOOST TOURISM AND EXPORTS.BUT HOW HUGE IS THE SINGAPORE EXPORTS AND TOURISM MARKET THAT IT CAN OVERCOME THE FALL IN DOMESTIC CONSUMPTION?