Is Properties in Singapore on a down trend?.

[lifeafter41]

Just saw on today classified which advertise for The Seaview, 2rm/3rm/4rm, going for fm S$999psf. And this is before any price nego, similarly, noted on another condo development, CitySquare Residences, advertising from S$780psf.

Used to be from S$1200 (Seaview) and S$850 (CitySquare) onwards.

 

[Conan the Barbarian]

Singapore's property prices are supported by rental yields. These comes from foreigners, FTs, not FWs.
With the expats losing their jobs, its only a matter of time before the rentals dive, and with it, the property values.

I think the developers now are starting to blink, so the discounts are starting.

 

[lifeafter41]

Singapore's property prices are supported by rental yields. These comes from foreigners, FTs, not FWs.
With the expats losing their jobs, its only a matter of time before the rentals dive, and with it, the property values.

I think the developers now are starting to blink, so the discounts are starting.

Saw in the papers on the Luma development about almost halving thier prices from S$2800 to S$1450, is that an exception rather than the norm?.

 

[tonychat]

Just saw on today classified which advertise for The Seaview, 2rm/3rm/4rm, going for fm S$999psf. And this is before any price nego, similarly, noted on another condo development, CitySquare Residences, advertising from S$780psf.

Used to be from S$1200 (Seaview) and S$850 (CitySquare) onwards.

Sounds like housing is to salve sinkies. Happy Prison.

 

[downgrader]

Just saw on today classified which advertise for The Seaview, 2rm/3rm/4rm, going for fm S$999psf. And this is before any price nego, similarly, noted on another condo development, CitySquare Residences, advertising from S$780psf.

Used to be from S$1200 (Seaview) and S$850 (CitySquare) onwards.

Crash imminent

Bank valuation is way below asking and financing rarely more than 70% even with solid job and income backing

A lot of defaults from previous DPS purchases as properties TOP this year, meaning they will be back on market

Luma now Lelong still nobody wants

Everybody follow my example downgrade, property gonna crash big time

 

[lifeafter41]

Crash imminent

Bank valuation is way below asking and financing rarely more than 70% even with solid job and income backing

A lot of defaults from previous DPS purchases as properties TOP this year, meaning they will be back on market

Luma now Lelong still nobody wants

Everybody follow my example downgrade, property gonna crash big time

If loan that banks can lend out is at 70% and also upon banks valuation. It means that sellers asking price is not realistic?.

 

[makapaaa]

Just saw on today classified which advertise for The Seaview, 2rm/3rm/4rm, going for fm S$999psf. And this is before any price nego, similarly, noted on another condo development, CitySquare Residences, advertising from S$780psf.

Used to be from S$1200 (Seaview) and S$850 (CitySquare) onwards.

Still overpriced. If the stock market is at levels unseen historically low levels and the economies *worldwide* in unseen doldrums, what makes the 99-year leasehold bricks worth anything more than $300 psf? Especially when there's 0 substance in Peesai's economy, the citizens cannot even afford 2-rm pigeonholes and 40% living below poverty line by modern standards? Keep your cash and your eyes wide open!

 

[zhihau]

Still overpriced. If the stock market is at levels unseen historically low levels and the economies *worldwide* in unseen doldrums, what makes the 99-year leasehold bricks worth anything more than $300 psf? Especially when there's 0 substance in Peesai's economy, the citizens cannot even afford 2-rm pigeonholes and 40% living below poverty line by modern standards? Keep your cash and your eyes wide open!

cash is king! :p:p:p

 

[lifeafter41]

Still overpriced. If the stock market is at levels unseen historically low levels and the economies *worldwide* in unseen doldrums, what makes the 99-year leasehold bricks worth anything more than $300 psf? Especially when there's 0 substance in Peesai's economy, the citizens cannot even afford 2-rm pigeonholes and 40% living below poverty line by modern standards? Keep your cash and your eyes wide open!

HDB valuation is still holding out, that is the base price, will that come down too, and drastically?.

 

[zhihau]

HDB valuation is still holding out, that is the base price, will that come down too, and drastically?.

the prices of HDB pigeon holes are ridiculously high now...

 

[lifeafter41]

the prices of HDB pigeon holes are ridiculously high now...

I am always amaze, by the pricing pushed out by HDB on the various new flats that are release every now and then. It is always setting new record for every new launch, record as in the pricing..

Did they ever realised the affordability factor when they take the pricing into consideration.

Even in the US, from a income vs pricing, it is not so that high, not to say in Singapore.

But the one that always takes the cake is the phrase "market subsidy", whatever that means.

 

[zhihau]

Did they ever realised the affordability factor when they take the pricing into consideration.

i'm not paying upfront rentals for a pigeon hole that costs over SGD$120K on a 99-year lease :p:p:p

 

[Porfirio Rubirosa]

Good post, you deserve my points of the day

I am always amaze, by the pricing pushed out by HDB on the various new flats that are release every now and then. It is always setting new record for every new launch, record as in the pricing..

Did they ever realised the affordability factor when they take the pricing into consideration.

Even in the US, from a income vs pricing, it is not so that high, not to say in Singapore.

But the one that always takes the cake is the phrase "market subsidy", whatever that means.

 

[lifeafter41]

Good post, you deserve my points of the day

Thank you.

 

[babachai]

Depending on who you ask?
Developer & gahment:- "Still good and will there is still demand from FT......"
Man on the streets:- " Wah piang, no eyes to see meh, job loss, cut salaries recession.. you think the trend not going down? Sure chialat one"

 

[2lanu]

All the signs happened in a sudden. Only started out in Oct. As stk market is forward than property 6 mth ahead. So forecast is will not be good...