Discussion : Singapore Property

[Trinidad]

Have been offered several resale units in D10, D8, D9 for sale at 10% off last done prices.
These are proper units between 1200sft to 1800sft.

Good luck to those who think they got a good deal buying an investment property last year.
Definitely more downside in the next 12mths unless there is a huge fundamental change , huge enough to absorb the tens of thousands of units that will flush the market.

If i were a developer i would be shaking. But can i as a developer show that i am shaking? No, i can only say it will drop 5 - 10%. When in actual fact 20% is already a given now. Yet the number of unsold units are plentiful. Even an idiot can predict the results.

Good luck to those dreaming.

Let me repeat my post in May 2015

[simpleguy]

I double yr take suggestion. Dun buy ppty to invest and sell in short term unless you freaking loaded. The government did so much to cool all the ppty price and just got the desire effect. But there still space to spare within next half a year to head downward...

Exactly.

High property prices is not a good thing. We want the new generation to channel their energy and creativity into other areas that will benefit society, rather than being saddled with back breaking mortgage.

[Iceheller]

I double yr take suggestion. Dun buy ppty to invest and sell in short term unless you freaking loaded. The government did so much to cool all the ppty price and just got the desire effect. But there still space to spare within next half a year to head downward...

[simpleguy]

For own stay just buy what one can afford. Not time to speculate and do property trading.
My 2 cents.

[Iceheller]

Everything overprice here. From HDB to landed properties and etc. Car also over price and so is the coe, so u dun buy? Just buy what u like lah. Btw, I never hear sentosa is overprice even if 50% discount, cause I only live in HDB and no money to buy. Hahaha

[Choo Yao Chuen]

didnt you hear sentosa is overpriced even with a 50% discount

well said

[WatchRUs]

Not good time to buy property now regardless it's HDB, condo or landed. Overpriced, over supplied and interest rate going up. Smart people are the ones who sold so don't get caught catching a falling knife.

[Iceheller]

Sentosa properties got fire sale what! Properties selling at less than 25% of their original price. Why never go make a kill??

[Choo Yao Chuen]

funny why no one seem interested in property now
is it because all bought during 2012-2013 and kena caught in the bear trap?

i am still on the lookout for the kill

People waiting for fire sale?

[disarmed]

DPM Tharman already mentioned that the drop if still not substantial enough to warrant lifting of the cooling measure. I believe he is using this chart to determine the price point that is deemed affordable. So you are probably right, will eventually go to 180

[oxycon]

Market will drop and with new.Stamp duty and loan regulations, will deter foreign n local buyers. Flipping will be near impossible.
Gov focusing on property as cash cow investment, buy n sit Ala Rolex gold watch series.

[JingleX]

think it will drop, seems like a huge bubble

[A-mike]

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.

Second that. And bros don't forget, cash is king. Keep your sights far and be ready to make a killing when your judgement permits

[Trinidad]

Have been offered several resale units in D10, D8, D9 for sale at 10% off last done prices.
These are proper units between 1200sft to 1800sft.

Good luck to those who think they got a good deal buying an investment property last year.
Definitely more downside in the next 12mths unless there is a huge fundamental change , huge enough to absorb the tens of thousands of units that will flush the market.

If i were a developer i would be shaking. But can i as a developer show that i am shaking? No, i can only say it will drop 5 - 10%. When in actual fact 20% is already a given now. Yet the number of unsold units are plentiful. Even an idiot can predict the results.

Good luck to those dreaming.

[Creative_tec]

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

Apparently a lot of developer are holding their price after introducing mass discount