Can it be less than $400psf wihen the breakeven cost of construction these days exceeding $350psf for most projects & $500psf for some projects?

I do not call this affordable as so many others have and are now losing thier homes. Be careful when a real estate person or bank even GOV starts talking about affordability what they are really\currently saying is enslavement.

$120 billion in aid for emerging markets, including the central banks of Brazil, Mexico, South Korea and Singapore

Cash is going to be king again, and those who have it will survive the best. Get in cash and prepare for the day when you can use your cash to pick the cherries off the tree

People used to boast about hot stocks they owned. Now they crow about how much of their money is in cash. Those holding cash have been richly rewarded with no losses and opportunities to buy assets (condos and equities) at huge discounts.
As prices continue to decline, those that moved too quickly to buy at the bottom are seen as fools. Consider the massive losses of the sovereign wealth funds, Bank of America
12/05/2008BAC 14.17, -0.17, -1.2%) and Countrywide, and even Warren Buffett's latest foray into General Electric GE 17.14, -0.41, -2.3%) and Goldman Sachs
GS 67.27, -0.26, -0.4%) . Investors, convinced that prices will continue to decline, sit with their liquid resources on the sidelines. As that investment demand takes a holiday, prices will decline further

The policy agenda currently in vogue is to maintain the leverage and the asset prices by shifting all that debt from the private sector to the public. Why are we doing this? Because the near-term political heat from a deep recession and re-pricing of assets is more than any of our leaders can handle. Eventually that massive intervention and concomitant increase in the money supply will come with a hefty price tag

There appears to be a consensus that the economy was over-levered from households to corporations to government-sponsored entities. Leverage as measured by total debt to GDP grew from 140% 30 years ago to over 220% today. If that defines the problem then the solution should be a de-leveraging over the next thirty years. That de-leveraging will cause prices to fall dramatically as the credit supply shrinks, money supply falls and velocity slows.

Steung Manchey Phnom Penh municipal landfill

Tune Hotel owned by Air Asia. I booked a a room using the Tune Hotel website for $A7.60 a night in a single room

Hello!For the first half of this year, there were a record 34,800 new PRs and 9,600 new citizens, compared to 28,500 and 7,300 for the same period last year

the wait could be at least another nine months — if prices do come down at all — no thanks to the slew of foreigners and private property downgraders eyeing the HDB rental and resale markets respectively, which indirectly pushes up the prices of new HDB flats.

when globally car manufacturers are losing money and some going bankrupt, why the car dealers in Singapore still so fat ?

After HDB had a problem with a huge surplus of flats, they over-compensated and resulted in insufficient flats. This probably pushed many to buy resale flats, causing skyrocketing prices.

The fallout has been felt most profoundly in the local property market where soaring prices last year attracted hordes of speculators snapping up condos in the hope of making a quick profit. This sudden reversal has prompted analysts to raise concerns over possible systemic risks posed to banks from the downward spiral in property prices, given their big exposure to real estate loans. Their biggest worry is focused on the record 14,811 private properties sold by developers to homebuyers last year. Many of these flats were sold under a 'deferred payment scheme', introduced 10 years ago during the Asian financial crisis to help developers offload unsold properties and which was scrapped only in October last year. This scheme enabled a homebuyer to pay only the stamp duty and 10 per cent of the purchase price upfront. The rest is paid only when the flat is given its temporary occupation licence (TOP

when currency is low and hotel rates dirt cheap