2/10/2014

I am a big time property developer

My unsold properties are seeing their values stagnated and not rising. My profits are not growing. This is bad. How can the govt do this to me? Nevermind if I have made millions and billions in the last decades and laughing to the banks, having an extremely good life from the profits that I have made. Now I am not happy as my properties are not making the kind of profits that they should be making. My gosh, the price actually came down by 1%! Horror, I am having nightmares, cannot sleep. Please don’t remind me that the prices have appreciated by 100% or 200% over the last decade. That is my good fortune. I am very clever and talented. I have foresight to go into property development and took the RISK. Yes I took the risk to make millions and billions. I am sooooo talented.
 

Hey govt, you must tweak your policies on curbing property speculations. I have invested so much money in building these properties, how can I make a loss? Didn’t you say that the value of properties can only go up, only in smaller percentages? You have to tweak your curbs so that I can make my profits.
 

Oh, I am only selling to foreigners and making profits from foreigners. This is good right? And if you give me the chance, I will buy up the whole island, develop them into good class properties and sell them to the foreigners. What, selling the whole island? That is not my problem. My only interest is to make money as a developer. Selling the whole island is not my problem.
 

Quick, quick, tweak your policies so that I can make more money then I will buy more land from you and sell the properties to foreigners. You happy, I happy.

23 comments:

Anonymous said...

PAP government is the biggest property developer in Singapore.
Singapore is just one big giant business park.
Singaporeans are just guest workers in this business park.
Cannot work anymore ... please fuck off to Johor or Batam.
Don't dream about retiring into the Istana or an MP job.

Anonymous said...



It has been confirmed that the value of your HDB flats will be ZERO at the end of their 99-year lease..........many will be 50 yrs soon.....good luck......cheers.....

Anonymous said...


I think no one touch on this subject yet, leasehold property.

How can the prices of leasehold properties keep appreciating when at the end of their leases, their value will be ZERO, a depreciating asset.

Anonymous said...

"How can the prices of leasehold properties keep appreciating when at the end of their leases, their value will be ZERO, a depreciating asset."
Anon 12:16 pm

Because PAP is the govt. When opposition become govt, the leasehold properties will depreciate very fast or even become zero sooner than when the leasehold ends.

Anonymous said...

No wonder lah, Sinkies voted PAP so that their properties can keep appreciating.

Anonymous said...

Yes! it is gooooooood for properties to appreciate as high as possible.

But can the future generations afford.

In future: LIFE = LOAN

Anonymous said...

The answer;

THE GREATER FOOL THEORY

And it true.... singaponang r living proof

Knnccb... long live kuan yew, u fucking old fart.

Oops... hpw can I call my idol... old fart?

Anonymous said...

這 是 個 瘋 狂 的 世 界

oldhorse42 said...

This big time property developer asked Govt to stop taxing foreigner when they come in. Tax them when they go out he said.
What he meant was that do not tax the foreigners when they buy property here. Tax them they sell the property instead.
His rationale was to attract more rich foreigners into Singapore.
These rich property developers have no feeling for Singapore. It is just a place to make their billions.

oldhorse42 said...

This big time property developer asked Govt to stop taxing foreigner when they come in. Tax them when they go out he said.
What he meant was that do not tax the foreigners when they buy property here. Tax them they sell the property instead.
His rationale was to attract more rich foreigners into Singapore.
These rich property developers have no feeling for Singapore. It is just a place to make their billions.

oldhorse42 said...
This comment has been removed by the author.
Anonymous said...

Only think of their profits. And think foreigners so stupid. Buy not tax, sell tax until balls drop.

Got money looks so smart. This kind of simple logic only exposed the quality of the thinking.

Matilah_Singapura said...

@various anons:

ALL of land in Hong Kong (except for one church) is leasehold, and their property market is probably the most "exciting" in the world.

All leases will expire at some time. In the mean time however, people have got to BE somewhere (to live, to work, to conduct various productive enterprises), and therefore they will bid up prices for places to stay.

Prices go up because more and more people are willing to out-bid each other (demand) in price for the RIGHT to temporarily occupy a piece of land or something built on the land -- which is virtually a FIXED amount (supply).

Yes, the property game in Singapore is about MONEY. If you haven't woken up and smelled the kopi yet, perhaps now is the time.

Singapore is an awesome place. That is why there is such HIGH DEMAND to be in Singapore. If it was a loser's shithole, you would have cheap property.

Singapore IS success, and if you aim to be successful or are already a success, then you'll probably be attracted to Singapore. There is VALUE in Singapore. Hence the price is bound to be HIGH. (recap: VALUE is what you get, PRICE is what you pay)

Anonymous said...

The developers may as well ask the government to give them a blank cheque.
Singaporean are slowly been killed by high debts while developers are laughing all the way to the banks.

Virgo49 said...

Last time I made millions/billions, quiet quiet please, do not let these buyers know.

Now, a bit cooling measures hurting my profits, better tweak your policies.

Hold back your sale of Land, let the Demand exceed the Supply. I know it is a free market!

You must be kidding Free market? Must did land at RESERVED PRICE. Too low also cannot sell.

You make, I make. Who pays??

Haha

Anonymous said...

I tend to think that developers and the Government are just wayanging. One developer has already been heard to ask the Government to tweak the property cooling measures, because he is feeling the pinch.

Of course, relaxing the measures will benefit those developers and the government in that bidding prices will go up. Both parties stand to reap the rewards.

So, are the two parties just wayanging. If the Government tweaks and relax the measures so soon, it can only mean that the two hands are clapping again.

b said...

Properties should not be a speculative tool. A lot of families destroyed and a lot of kids ended up broken because the gov never bother to use properties properly but encourage it to be used as a speculative tool for a few vicious people to ripe off majority normal people.

Anonymous said...

How to expect them not to work hand in hand when both are after money? Their common objective.
Do they have the Conscience to care about your wellbeing and your family?
Do not blame those praying for natural disaster to wipe out this tiny dot call Sin.

b said...

Only when the 60% of the not smart people improve their thinking skills, nothing much can be done. THe issues of overpopulation, transport breakdowns, housing problem for a large part is due to the deficiency of the 60% voters thinking skills.

'If you find honey, eat just enough-- too much of it, and you will vomit. Proverbs 25:16' (just replace honey with population, money, medicines etc)

Anonymous said...



99-YEAR leasehold properties will have ZERO value at the end of the lease!

The panic not felt yet. Be Careful!

b said...

Most likely they have no solution so they are preparing their grand exit - ripping off as much as possible and controlling the key assets that will ensure future cashflow into their wicked pockets.

Anonymous said...

No need to guess, I know who you are. Ah Beng right ? Lau Beng.

Anonymous said...

I am a big time developer. Every project I developed must make money because I am very clever. The govt must tweak its policies so that I can make more money.