Singapore home sales fell 48% in October after loan curbs: update

[opmi]

Closing a property transaction within 2 weeks is indicative
of a very liquid market. This is abnormal.

When transactions volume drops, selling time extends. Then sellers
will drop asking prices.

[Tiggerbee]

On the other hand if you buy a Resale HDB first, and you can't sell your present HDB after 6 months, you can ask for grace to extend your time to sell. Check with HDB first.

I asked this question to a HDB officer sometime back when she was processing my sales application. Her reply was delivered with a wry grin and it went "There is no such thing as unable to sell, it's all just about pricing."

On a side note, I am planning on selling my current place sometime in 2015 to downgrade to a HDB, so I'm hoping demand and pricing doesn't soften too much. If things work out, I'm hoping to be home-loan free before I hit 40years of age.

Why wait until 2015 and not sell now or next year? You will find a lot more sellers in the market after the 4th year of the sellers ABSD ruling starting from Jan 2015.

http://www.iras.gov.sg/irashome/page04.aspx?id=10212

[countonme]

While checking out the property prices, I observed some hdb units have been in the listing for the pass 6 mths and not sold. I think some people can tahan another downturn, perhaps these hdbs are acquired at dirt cheap price.

Closing a property transaction within 2 weeks is indicative
of a very liquid market. This is abnormal.

When transactions volume drops, selling time extends. Then sellers
will drop asking prices.