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Property Prices Softening Fast in Singapore?

L

lifeafter41

Alfrescian (Inf)
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Messages
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Understand from housing agent that prices are softening fast. The Seaview is transacting at 700plus psf onwards in Nov 08

While Citylight is also transacting from 700plus psf in Oct and Nov 08.

Data is from SISV.

Am surprise by the pace, and now is only Dec 08, wonder what will it be come Jan 2009 onwards.
 
don't worry lah. singapore properties will never never collapse. those who wish the property collapse are still dreaming. you don't buy one your business. you die your business. singapore property prices will never never ever collapse. our world class gahment will make sure that the prices remain competitive and stable..but certainly not collapse....don't believe? nevermind. just my 2 cents.
 
Where do you get your info from ?

Sea view and City Lights are still selling at 1,200 psf.

Check this out: www.streetsine.com

I heard from a property agent that prices will rebound after Chinese New Year

lifeafter41 said:
Understand from housing agent that prices are softening fast. The Seaview is transacting at 700plus psf onwards in Nov 08

While Citylight is also transacting from 700plus psf in Oct and Nov 08.

Data is from SISV.

Am surprise by the pace, and now is only Dec 08, wonder what will it be come Jan 2009 onwards.
Click to expand...
 
theblackhole said:
don't worry lah. singapore properties will never never collapse. those who wish the property collapse are still dreaming. you don't buy one your business. you die your business. singapore property prices will never never ever collapse. our world class gahment will make sure that the prices remain competitive and stable..but certainly not collapse....don't believe? nevermind. just my 2 cents.
Click to expand...

I used to think so too. Where else in the world can you find police stations, hospitals, airports, cruise ship centres, bars, pubs, brothels, hotels, golf clubs, restaraunts, condos, gas stations, car repair shops, government offices, supermarkets, spgs and all the things you'll ever need if you have the money, all within less than an an hour's travelling distance...................

But what of the future when the citizens themselves go hungry.............:(
 
Avantas said:
Where do you get your info from ?

Sea view and City Lights are still selling at 1,200 psf.

Check this out: www.streetsine.com

I heard from a property agent that prices will rebound after Chinese New Year
Click to expand...

THE SEA VIEW 31 AMBER RD 06-07 APT 527 $796 20/11/2008 $419,888 FH
D15 THE SEA VIEW 31 AMBER RD 08-08 APT 1,216 $750 10/11/2008 $911,757 FH
D15 THE SEA VIEW 39 AMBER RD 17-25 APT 1,518 $744 10/11/2008 $1,128,481 FH
D15 THE SEA VIEW 39 AMBER RD 02-26 APT 1,647 $684 03/11/2008 $1,126,548 FH
D15 THE SEA VIEW 39 AMBER RD 10-24 APT 1,518 $1,000 28/10/2008 $1,518,000 FH
D15 THE SEA VIEW 31 AMBER RD 14-05 APT 1,410 $777 16/10/2008 $1,096,134 FH
D15 THE SEA VIEW 31 AMBER RD 12-08 APT 1,216 $1,283 16/10/2008 $1,560,000 FH
D15 THE SEA VIEW 31 AMBER RD 18-08 APT 1,216 $833 13/10/2008 $1,013,110 FH
D15 THE SEA VIEW 31 AMBER RD 18-07 APT 527 $866 09/10/2008 $456,982 FH
D15 THE SEA VIEW 29 AMBER RD 15-04 APT 1,647 $811 08/10/2008 $1,336,046 FH
D15 THE SEA VIEW 31 AMBER RD 02-09 APT 1,410 $1,040 03/10/2008


CITYLIGHTS 80 JELLICOE RD 10-01 APT 1,442 $920 14/11/2008 $1,326,640 99 YRS FR 05/01/2004
D08 CITYLIGHTS 90 JELLICOE RD 40-28 APT 1,851 $713 06/11/2008 $1,319,400 99 YRS FR 05/01/2004
D08 CITYLIGHTS 88 JELLICOE RD 32-23 APT 872 $1,275 30/10/2008 $1,111,800 99 YRS FR 05/01/2004
D08 CITYLIGHTS 80 JELLICOE RD 38-01 APT 1,442 $1,320 13/10/2008 $1,903,440 99 YRS FR 05/01/2004
D08 CITYLIGHTS 88 JELLICOE RD 15-24 APT 560 $761 09/10/2008 $425,700 99 YRS FR 05/01/2004
D08 CITYLIGHTS 80 JELLICOE RD 32-04 APT 1,356 $617 06/10/2008 $837,000 99 YRS FR 05/01/2004
D08 CITYLIGHTS 90 JELLICOE RD 27-30 APT 893 $1,089 06/10/2008 $973,370 99 YRS FR 05/01/2004
D08 CITYLIGHTS 88 JELLICOE RD 28-24 APT 560 $826 03/10/2008

Here is the data from SISV.

As for the property agent comment, he/she is brining you to "Holland"
 
Buy 3-Rm HDB better - economy proof and sustainable during good and bad times.
 
lifeafter41 said:
Understand from housing agent that prices are softening fast. The Seaview is transacting at 700plus psf onwards in Nov 08

While Citylight is also transacting from 700plus psf in Oct and Nov 08.

Data is from SISV.

Am surprise by the pace, and now is only Dec 08, wonder what will it be come Jan 2009 onwards.
Click to expand...

of course lah, how many salary have risen or in fact fallen. but property price keep going up, must end someday. the bubble. check japan, they have a big bubble that after 10 yrs, they lower their interest to near zero too. they suffer for more than 10 yrs. the world will feel that too.

can you survive for 10 years depression?
 
lifeafter41 said:
Understand from housing agent that prices are softening fast. The Seaview is transacting at 700plus psf onwards in Nov 08

While Citylight is also transacting from 700plus psf in Oct and Nov 08.

Data is from SISV.

Am surprise by the pace, and now is only Dec 08, wonder what will it be come Jan 2009 onwards.
Click to expand...

Don't worry lah!, we have the best paid ministers in the world, who can, UPTURN THE DOWNTURN!, if you can remember who said that!, give you a hint, he likes to cry!:D
 
lifeafter41 said:
Understand from housing agent that prices are softening fast. The Seaview is transacting at 700plus psf onwards in Nov 08

While Citylight is also transacting from 700plus psf in Oct and Nov 08.

Data is from SISV.

Am surprise by the pace, and now is only Dec 08, wonder what will it be come Jan 2009 onwards.
Click to expand...

SISV data are wrong. These are 'fresh agreement' signed bet a sub-purchaser and the developer. It reflects the original price paid by the original purchaser. SISV ought to seive these out.
 
lifeafter41 said:
THE SEA VIEW 31 AMBER RD 06-07 APT 527 $796 20/11/2008 $419,888 FH
D15 THE SEA VIEW 31 AMBER RD 08-08 APT 1,216 $750 10/11/2008 $911,757 FH
D15 THE SEA VIEW 39 AMBER RD 17-25 APT 1,518 $744 10/11/2008 $1,128,481 FH
D15 THE SEA VIEW 39 AMBER RD 02-26 APT 1,647 $684 03/11/2008 $1,126,548 FH
D15 THE SEA VIEW 39 AMBER RD 10-24 APT 1,518 $1,000 28/10/2008 $1,518,000 FH
D15 THE SEA VIEW 31 AMBER RD 14-05 APT 1,410 $777 16/10/2008 $1,096,134 FH
D15 THE SEA VIEW 31 AMBER RD 12-08 APT 1,216 $1,283 16/10/2008 $1,560,000 FH
D15 THE SEA VIEW 31 AMBER RD 18-08 APT 1,216 $833 13/10/2008 $1,013,110 FH
D15 THE SEA VIEW 31 AMBER RD 18-07 APT 527 $866 09/10/2008 $456,982 FH
D15 THE SEA VIEW 29 AMBER RD 15-04 APT 1,647 $811 08/10/2008 $1,336,046 FH
D15 THE SEA VIEW 31 AMBER RD 02-09 APT 1,410 $1,040 03/10/2008


CITYLIGHTS 80 JELLICOE RD 10-01 APT 1,442 $920 14/11/2008 $1,326,640 99 YRS FR 05/01/2004
D08 CITYLIGHTS 90 JELLICOE RD 40-28 APT 1,851 $713 06/11/2008 $1,319,400 99 YRS FR 05/01/2004
D08 CITYLIGHTS 88 JELLICOE RD 32-23 APT 872 $1,275 30/10/2008 $1,111,800 99 YRS FR 05/01/2004
D08 CITYLIGHTS 80 JELLICOE RD 38-01 APT 1,442 $1,320 13/10/2008 $1,903,440 99 YRS FR 05/01/2004
D08 CITYLIGHTS 88 JELLICOE RD 15-24 APT 560 $761 09/10/2008 $425,700 99 YRS FR 05/01/2004
D08 CITYLIGHTS 80 JELLICOE RD 32-04 APT 1,356 $617 06/10/2008 $837,000 99 YRS FR 05/01/2004
D08 CITYLIGHTS 90 JELLICOE RD 27-30 APT 893 $1,089 06/10/2008 $973,370 99 YRS FR 05/01/2004
D08 CITYLIGHTS 88 JELLICOE RD 28-24 APT 560 $826 03/10/2008

Here is the data from SISV.

As for the property agent comment, he/she is brining you to "Holland"
Click to expand...


Yes many have lost or are gonna lose their pants in the months/years ahead.

This crisis will take a MINIMUM of 3 years. Some academics told me 6-7 yeras at least.

Like I said many times, many people were SOLD on the idea the IRs are Singapore's mend/fix all. That's a MYTH started by the MIWs to ramm up property prices.

The SAIL condo started the spike. Now that 3 years defferred payment has ended, most of the buyers are trying to run, Soon alot that purchased properties in the last 2 years will run road.
 
ahpong said:
SISV data are wrong. These are 'fresh agreement' signed bet a sub-purchaser and the developer. It reflects the original price paid by the original purchaser. SISV ought to seive these out.
Click to expand...


That's what I thought. Too good to be true, seems like lelong, lelong. LOL
 
ahleebabasingaporethief said:




Like I said many times, many people were SOLD on the idea the IRs are Singapore's mend/fix all. That's a MYTH started by the MIWs to ramm up property prices.
Click to expand...

I don't think sinkees are really sold on this idea. It was forced down their throats like a huge, throbbing cock on a rape victim.
 
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