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

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#31
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.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#32
(19-11-2013, 01:30 AM)Jon-san Wrote:
(17-11-2013, 06:49 AM)Temperament Wrote: 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. Tongue

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
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#33
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.

(19-11-2013, 09:03 AM)opmi Wrote: 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.
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