S'pore Property Sold 1500 Units In May Because Of This....

[ahleebabasingaporethief]

...according to many sources, 80-90% of those that purchased are people that have not bought a property since their own En-bloc sales.

So there you go. If you think property prices rising again, THINK AGAIN.

Not many en-bloc owners left on the sidelines. Most have now purchased their 'dream' homes.

I think it's bye bye property market from here on.

 

[Ah Guan]

I know a lot of enbloc sellers where renting while waiting for the market to cool

 

[PAPsupporter]

Singapore property is always popular among the local people as well as the people around the world. It is due to the fact that we have a great PAP government that most people wanted to invest and purchase the property here. Singapore property value will always be at a stable state and will not drop too drastically even during the crisis. Our PAP government has done a great job over the years to let this to happen. Excellent job done by PAP.

 

[Watchman]

These people who bought are New Citizens who filled the gap !

 

[VeryWise]

I know a lot of enbloc sellers where renting while waiting for the market to cool

They are the smart one. I won't mind paying 3000 to 5000 a month for a good condo for a year or so to wait the property prices to drop, then buy at a reasonable low price. I'll fulfill the sell high, buy low principle. The savings could be 100K to 500K, more than offset the rental.