China gen z used grand parents and parents saving to buy property but property price has dropped by 50% after their purchase

[lostvirgin]

In this forum also had one silly old lady that bought private property that ended up living a miserable life

Prostitute should stick to what they do best than try to speculate properties.

 

[syed putra]

Property is the biggest scam in the economy. U don’t need more than one property

Definitely. Buy cash if you really want it. Buying on loan divert bank money away from real job creating businesses.

 

[k1976]

Actually there's no reasonable price for a property. When a developer sell their property,they are pricing cost+ mark up = profit. That's probably some real profit.

After that it's the market condition in sub sale market that will actually decide the value of your investment.
It may spike to a unreasonable level but it will also drop like flies.

Good example is HDB. Build in 1980s,price at 40k or 110k . But fast forward 2024, even with lesser lease the price spike to 1million sgd.

Good example is china,bought at 3 million RMB but can only sell at 1.2 million rmb in 2024 via forced auction.

So in actual fact, it's the market condition that dictates the market value of the asset.

Bao Jiak Satik Savvy Overseas Investors loh

 

[k1976]

Buy Pet Stone is better..IMHO

 

[k1976]

Property is the biggest scam in the economy. U don’t need more than one property

That is true foe normal 95% of population. But Elite 2.5% want to huat big big and bring progress to others mah, right Boss John?

 

[Pinkieslut]

Sinkies are the luckiest race in the world, buy cheap cheap HDB huat big big become millionaires!

 

[k1976]

Tiongkok talents is not as smart as Jiuhu Talents de woh

 

[k1976]

 

[k1976]

 

[congo9]

The rich HK family should just uproot and move.
With Xi around, the situation is not going to get better.

It probably going back to state control, state planned economy. Pte enterprise had nothing to do with it.

 

[Hightech88]

They voted for who?...oh wait...