Discussion : Singapore Property

[Trinidad]

Goes to show how behind the curve many people are.

[lohbros]

Property developers are already giving discounts to move the unsold units. Market looks to be in a correction

[pyu]

IMHO, the current 10 to 20% dip as just correction. Govt has already show hand by introducing all those measures. HDB market is relatively stable and will probably remain so. For private property sector, next step is to see whether property developers here have deep enough pockets to take the hit when they can no longer stave off selling their units.

[Trinidad]

As mentioned , the direction is clear.
Prices of various new launches are off about 20% from peak.
Landed homes are down about 10% generally.
Resale is at a standstill but forget about those high silly asking prices.
Those are only for Roberts and suckers.
Yes definitely more room to go South.

[stonedialin]

pte property trend

hi all,
recently developers have reduced price about 10% from 2013 price
owners also have soften their expectations abit, but not much
i feel there is plenty of room to go further south, esp prime areas

any insight to share?

[kensuke.watanabe]

Singapore won't exactly crash but price correction will take place in next 3 years.

[taggyV]

hopefully just correction, not crash

[subnd]

Prayhard tht it crash and so do rollie pricing....

[leslie]

When price goes too hi.. rich complain got to deep deeper into their banks for investment n poor complain cannot afford to buy...
So PAP starts cooling measures, price about to drop only not yet drop, already same rich and poor complain again as the rich investments drop and the poor with only 1 house property prices drop too. We regardless of poor or rich always on the loosing end. Bcos only Pay n pay government gain by all these additional taxes.

Conclusions.. property will never crash cos majority of us or parents or siblings own a house maybe 90% singaporean do not want their assets to drop.

this is not up to owners to decide. all depends on how increase in interest rates when fed reserve finished tapering off their qe. we have never seen such low rates ever in the history of singapore mortgage for an extended period of time. sibor did went up to 8.5% in 1998. that was after the AFC.

[leslie]

the likelihood of this happening is pretty low.

the general population own one public housing. even when this does happens, this main group of people aren't going to press the panic button and sell because they need a roof over their heads.

if this does happens, it spells opportunities for those with cold hard cash to buy low.
(I do believe many locals are rich and are just waiting for such opening)

Tell you some stories from the past. Back in 2004 during downturn. My friend was helping hdb sell their leftover units at jalan merbina. 30th floor 4 rms facing sentosa at 240k. But could not sell them.

[leslie]

Tapering haven complete. Just taper 20 billion market already so fearful. Imagine if fully tapered off then jia lak liao.

[Watcha]

News was saying rental market is going downward as there are many supply now.

looking at the launches and TOP, I think the tenants will have a better time now.

[Trinidad]

the general population own one public housing. even when this does happens, this main group of people aren't going to press the panic button and sell because they need a roof over their heads.

if this does happens, it spells opportunities for those with cold hard cash to buy low.
(I do believe many locals are rich and are just waiting for such opening)

Why are you even using public housing which is a controlled segment as an example??
Obviously you know little about the property market
one thing for sure, resale has already dropped and is dropping.
Its all about valuation. Paper loss is still loss

The wave is already here. Getting wet isnt a question. Just dont get too wet or drown.

Good luck

[Trinidad]

i think many may see their flats value drop

That is no question.

Drop most certainly.
In fact prices transacted and asking have already dropped some 5% to 10%

Lets not talk about unrealistic sellers becos they can ask a high price as they wish.
If we ask $5k for an ordinary 6694, will anyone buy? the serious sellers understand where the market is.

The question in hand really is how quickly it will drop and by what magnitude.

Watch out......hehehehehe

[subnd]

i think many may see their flats value drop