Home prices may drop 15% this year: DBS CEO

[Contrarian]

MCL Land D10 Advertisement ... Freehold From $1850psf... seems like start of cut.

[Tiggerbee]

Developers will start to cut prices for lower floors and units with lousy facing. Then they will hope that this rekindle some buying interest and then hike up prices again. Common trick used by developers.

[ValueBeliever]

Looks to me if you have deep pocket the property market is the place to be watching. Secondary sale is cheap but got to bargain hard.

The rich are bailing out perhaps because there are too many sellers n most of them had over invested in large and high end.

Few can afford this kind of investment and why would the rich are so sure that there will be no new measures to tax people with those kind of money? Looks to me gov had been sounding the noise on social tax from the rich.

Now that will be 1 great thing this gov could help the country to help themselves out, otherwise the constant printing and extreme low interest in bank deposit is like aiding this class of rich property investor?

The WORLD would applaud Mr Tharman a world class statesman that does what is right in a world gone so damn wrong!

It cost 2mil 5yrs ago for landed property and now its common to see 3-5mil, now if that's not real wealth exploding and over investing in 1 area n neglecting others - where else you can see such mark difference?

[specuvestor]

At this time... yes, we don't need any...

I noticed that there is a strong mood swing now...

Two weeks ago, it was like so moody...

Last week (specifically after 10 Feb), there was a sudden jump of life...

Now, we don't need any booster...

Life is Great!

Love Compassion

actually I wasn't thinking in terms of weeks

Like opmi say if there is no reduction there is no "landing"

IMHO I think 10-15% decline next 24 months is very likely... I've been bearish past 2.5 years so I am biased

[opmi]

Looks to me if you have deep pocket the property market is the place to be watching. Secondary sale is cheap but got to bargain hard.

The rich are bailing out perhaps because there are too many sellers n most of them had over invested in large and high end.

Few can afford this kind of investment and why would the rich are so sure that there will be no new measures to tax people with those kind of money? Looks to me gov had been sounding the noise on social tax from the rich.

Now that will be 1 great thing this gov could help the country to help themselves out, otherwise the constant printing and extreme low interest in bank deposit is like aiding this class of rich property investor?

The WORLD would applaud Mr Tharman a world class statesman that does what is right in a world gone so damn wrong!

It cost 2mil 5yrs ago for landed property and now its common to see 3-5mil, now if that's not real wealth exploding and over investing in 1 area n neglecting others - where else you can see such mark difference?

Resale will be collateral damage if developers cut price. As seen in HK.

I would not worry about the 'rich property investor'. Property market moves in cycles. What is a net asset now may become a net liability in future.

[Contrarian]

Like opmi say if there is no reduction there is no "landing"

IMHO I think 10-15% decline next 24 months is very likely... I've been bearish past 2.5 years so I am biased
[/quote]

1. My guess is the leadership does not want private home value to go down. If prices go up, the vested parties will support them. And it will continue to attract foreigners.

10-15% decline in the $3000 - $5000 psf units maybe. maybe PRC owners sell to save business in China.


2. Resale flats will decline irregardless of new home units. Reason? Their size is much larger than the new homes. Investors tend to pick the smaller units. A 3 bdroom unit used to be 1250sq ft. Now 800-900 sq ft.
And resale is older :-)


3. The first generation leadership do things for the masses. This generation leadership plans to transform singapore to a world class place - go for the top and elite. So they will keep home values high... so the elite will come here... and also build HDB at affordable price. If anyone can do it, it will be Singapore.

[chialc]

At this time... yes, we don't need any...

I noticed that there is a strong mood swing now...

Two weeks ago, it was like so moody...

Last week (specifically after 10 Feb), there was a sudden jump of life...

Now, we don't need any booster...

Life is Great!

Love Compassion

actually I wasn't thinking in terms of weeks

Like opmi say if there is no reduction there is no "landing"

IMHO I think 10-15% decline next 24 months is very likely... I've been bearish past 2.5 years so I am biased

Two questions:
1. If you're bearish past 2.5 years, won't you be bearish for another 2.5 years? (or 5.0 or 7.5 years?)

2. If the housing price decline 15%, will you take action?
if not, what if decline 25%, will you take action?
if not, what if decline 35%?

I am a property agent so that I can be in the front line of the battlefield...

I always asked what if I'm wrong?
because if I take care of the downside, the upside will take care of me.

[freedom]

property price has run above inflation and wage increase for quite some time. Where does the money come from? past saving. Every property investor should be happy that property price underperforms inflation now or risk of correction in short or middle term. It is about time for the household to accumulate saving. I applaud the government's cooling measures to bring property price under inflation.

[Temperament]

Another way of looking at things, is "Tak Boleh Tahan, Don't try lol"!
You may ask, "If i don't try how do i know"? Then try it lol!

Some of the things you don't have to try to know, because many people have had tried it and the consequences are no joke.

Still want to try?
Yes some people can only learn by practical.
But it may be your last try on Earth.
Still want to try?
Go ahead lol.
No one really can stop you if you want anything desperately enough.
(Excuse me if i talk too much)
Shalom.

[specuvestor]

At this time... yes, we don't need any...

I noticed that there is a strong mood swing now...

Two weeks ago, it was like so moody...

Last week (specifically after 10 Feb), there was a sudden jump of life...

Now, we don't need any booster...

Life is Great!

Love Compassion

actually I wasn't thinking in terms of weeks

Like opmi say if there is no reduction there is no "landing"

IMHO I think 10-15% decline next 24 months is very likely... I've been bearish past 2.5 years so I am biased

Two questions:
1. If you're bearish past 2.5 years, won't you be bearish for another 2.5 years? (or 5.0 or 7.5 years?)

2. If the housing price decline 15%, will you take action?
if not, what if decline 25%, will you take action?
if not, what if decline 35%?

I am a property agent so that I can be in the front line of the battlefield...

I always asked what if I'm wrong?
because if I take care of the downside, the upside will take care of me.

I am bearish as long as the trend and environment tells me so. For example if govt policies and interest rate environment, demand/supply etc remains negative. Kiang jou hou, mai geh kiang

I had been saying that I don't believe Greenspan who says nobody knows there is a bubble. That's ridiculous. Everybody in the market knows except everybody thinks they will not be the last fool. The key is nobody can predict the top and bottom. I I for sure cannot predict it but we can see the fundamental changes... I started turning negative when ABSD was introduced. Obviously market didn't peaked then and I vividly recall people say ABSD was useless

Which is why it is amsuing to me that something useless is now what developers are asking to be removed.

Actions can also be in the form of property stocks instead of real estate.