I beg to differ. It will come down, and will come down hard. Due to external factors beyond government's control.
When? I have no clue but i know it's not far off. In years, not decades.
Oh no... not another of those "It will eventually come down"
I beg to differ. It will come down, and will come down hard. Due to external factors beyond government's control.
When? I have no clue but i know it's not far off. In years, not decades.
I am sure about the following:
1) Prices will not crash
2) Prices will soften in 2013 by 5% to 15%... sorry i have to give a bigger range, developers can absorb some stamp duties into their margin as long as they have the sales volumes going but individual resale apt owners will experience a greater drop
3) Softer prices does not translate into enough savings for people affected by the stamp fees, but first time Sinkies home owners will be the prime beneficiaries
4) When the price drop hits 15% to 20%, govt will gradually remove the cooling measures (starting from CM7)
The trick is obviously catching the low... you need to be decisive.
And yes, i agree with the bro who said even with 20% drop, prices are still too high and investment yield will be low
Going forward, do not expect any major profits from property investments. PAP's balls have shrunk, they will put a lid to runaway costs.
20% is a correction.
A crash is like 50%
Pap will not allow price to plunge too much, as they will lose votes from the middle ground. The optimal for pap is to hold steady, even if it means reducing the strength of sgd. a price plunge will also cause massive problems with temasick, local banks, local property firms and govt coffers.
True. But if they job market cannot hold, banks and HDB will not be able to forgive or delay payments. It will happen and it will be ugly. There are solutions of course, but not thing that Leegime is prepared to do. And the most transparent method of readjusting it using the future to amortize losses will exposed the Leegime to moral bankruptcy and overthrow. So, it will not do it.
Yes, and pap will do all they can to prop it up for as long as possible, whether they can succeed or not is another issue altogether.True. But if they job market cannot hold, banks and HDB will not be able to forgive or delay payments. It will happen and it will be ugly. There are solutions of course, but not thing that Leegime is prepared to do. And the most transparent method of readjusting it using the future to amortize losses will exposed the Leegime to moral bankruptcy and overthrow. So, it will not do it.
The middle ground determines the winner, and for next GE, the middle ground will not kick out pap.PAP already lost votes of working class.. they cant afford losing votes of the elite and white-collar class.. price correction it will be.. not crash.. even so, it is still high.. but face it.. sg is small with limited land.. property prices will be high..
$1250 psf are for townhouses and penthouses which include all gross areas.
Currently they are selling at $1750 to $1850 psf for apartment units.
As long as population growth is set to grow to 7m, despite all their cooling measures, property price will not come down.
Treasure trove 600 plus
Not 100 percent.Are you sure?? Treasure Trove is already history, been sold out since many moons ago
Yes, Merl is correct. I just went yesterday. The bigger 4BR are selling much cheaper at around 1300psf. But the studio, 2Br and 3Br remains above 1600psf ... some are cheaper becos of the low floor, the higher floor ones are still selling at 1650 and above ....
A lot of people at the show room, but don't know whether buying or not ....
Lets rather wait one more week and see ....