Discussion : Singapore Property

[subnd]

Prayhard tht it crash and so do rollie pricing....

[taggyV]

hopefully just correction, not crash

[kensuke.watanabe]

Singapore won't exactly crash but price correction will take place in next 3 years.

[stonedialin]

pte property trend

hi all,
recently developers have reduced price about 10% from 2013 price
owners also have soften their expectations abit, but not much
i feel there is plenty of room to go further south, esp prime areas

any insight to share?

[Trinidad]

As mentioned , the direction is clear.
Prices of various new launches are off about 20% from peak.
Landed homes are down about 10% generally.
Resale is at a standstill but forget about those high silly asking prices.
Those are only for Roberts and suckers.
Yes definitely more room to go South.

[pyu]

IMHO, the current 10 to 20% dip as just correction. Govt has already show hand by introducing all those measures. HDB market is relatively stable and will probably remain so. For private property sector, next step is to see whether property developers here have deep enough pockets to take the hit when they can no longer stave off selling their units.

[lohbros]

Property developers are already giving discounts to move the unsold units. Market looks to be in a correction

[Trinidad]

Goes to show how behind the curve many people are.

[Creative_tec]

Property developers are already giving discounts to move the unsold units. Market looks to be in a correction

Apparently a lot of developer are holding their price after introducing mass discount

[Trinidad]

Have been offered several resale units in D10, D8, D9 for sale at 10% off last done prices.
These are proper units between 1200sft to 1800sft.

Good luck to those who think they got a good deal buying an investment property last year.
Definitely more downside in the next 12mths unless there is a huge fundamental change , huge enough to absorb the tens of thousands of units that will flush the market.

If i were a developer i would be shaking. But can i as a developer show that i am shaking? No, i can only say it will drop 5 - 10%. When in actual fact 20% is already a given now. Yet the number of unsold units are plentiful. Even an idiot can predict the results.

Good luck to those dreaming.

[A-mike]

As mentioned , the direction is clear.
Prices of various new launches are off about 20% from peak.
Landed homes are down about 10% generally.
Resale is at a standstill but forget about those high silly asking prices.
Those are only for Roberts and suckers.
Yes definitely more room to go South.

Second that. And bros don't forget, cash is king. Keep your sights far and be ready to make a killing when your judgement permits

[JingleX]

think it will drop, seems like a huge bubble

[oxycon]

Market will drop and with new.Stamp duty and loan regulations, will deter foreign n local buyers. Flipping will be near impossible.
Gov focusing on property as cash cow investment, buy n sit Ala Rolex gold watch series.

[disarmed]

DPM Tharman already mentioned that the drop if still not substantial enough to warrant lifting of the cooling measure. I believe he is using this chart to determine the price point that is deemed affordable. So you are probably right, will eventually go to 180

[Choo Yao Chuen]

funny why no one seem interested in property now
is it because all bought during 2012-2013 and kena caught in the bear trap?

i am still on the lookout for the kill

People waiting for fire sale?