I do agreed is unlikely to be 15%. You need more serious measure and recession to really prick this bubble. Which reason why we cannot release the brakes else all the past effort (measures) will all go to waste. Half measure do not cut.
Home prices may drop 15% this year: DBS CEO
Potato lover & Ben
Buyers no loan to buy means no money to buy. Want also no use. If prices stop rising and starts falling, investment demand will disappear. It won't reappear until down >15-20% esp the rich foreigners. Supply will still come. Developers wil cut prices. Developers like crybabies. Haven't even cut prices, already asking to roll back measures. Govt owe them? Developers fat fat from boom. Can take 10%-15% drop. Besides, a lot of them JV now. Wont die one. Their talk on systemic risks of falling property prices is BS. Govt should not roll back measures until developers cuts prices aggressively. Soft landing is down 10-15%. Stay flat is not soft landing. (14-02-2014, 10:13 PM)potatolover Wrote: Tks Ben. Agreed with you.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
I have a pr friend who is waiting for result of citizenship application. been 7 months and result out anytime..the first thing he told me he will do is to buy a private condo immediately so that can save on the absd. he said that this is main motive of this application to become citizen.
14-02-2014, 11:45 PM
(14-02-2014, 11:40 PM)pianist Wrote: I have a pr friend who is waiting for result of citizenship application. been 7 months and result out anytime..the first thing he told me he will do is to buy a private condo immediately so that can save on the absd. he said that the main motive of this application to become citizen. This is the effect of govt differentiating PR and citizen. loose citizenship policy only encourage feet dragging and two timing PRs. Jialat 7 months. Last time PAP Govt hands out PRs like Santa Claus.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
14-02-2014, 11:51 PM
(14-02-2014, 11:45 PM)opmi Wrote:plus 2nd motive besides getting cheaper condo thr citizenship, is the ability to apply for civil service jobs. iron rice bowl..like amy cheong type(14-02-2014, 11:40 PM)pianist Wrote: I have a pr friend who is waiting for result of citizenship application. been 7 months and result out anytime..the first thing he told me he will do is to buy a private condo immediately so that can save on the absd. he said that the main motive of this application to become citizen.
15-02-2014, 12:15 AM
Many people are waiting for developers to cut prices, waiting waiting but developers still holding.
It's any one's guess how much or far the drop will be.
We have barely seen any form of significant correction in the property market. Much like the stock market, no one will talk about it when it falls significantly. It may turn out to be a crash in slow motion(or some call it soft landing) and play out over many many years. One thing for sure, chances are that there is no money to be made if you buy a residential property now. Forget about residential property investment. (Unless you are hunting for a place to stay, then it's good time to wait and do nothing)
The same can be said for the local stock market, there just isnt any earnings catalyst/story to make it come alive.
But between residential properties and the local stock market, i think the stock market will hold up better. But having said that, I, for one is staying out of the local stock market, the ship have already left, there is not much meat left. Good time to look elsewhere or just keep cash handy for the next opportunity that comes around. There is a time to invest and there's a time to do absolutely nothing.
15-02-2014, 01:04 AM
(14-02-2014, 11:51 PM)pianist Wrote:(14-02-2014, 11:45 PM)opmi Wrote:plus 2nd motive besides getting cheaper condo thr citizenship, is the ability to apply for civil service jobs. iron rice bowl..like amy cheong type(14-02-2014, 11:40 PM)pianist Wrote: I have a pr friend who is waiting for result of citizenship application. been 7 months and result out anytime..the first thing he told me he will do is to buy a private condo immediately so that can save on the absd. he said that the main motive of this application to become citizen. amy cheong is Malaysian turns Australian. Not SG SC.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
15-02-2014, 01:05 AM
(15-02-2014, 12:15 AM)Freenasi Wrote: Many people are waiting for developers to cut prices, waiting waiting but developers still holding. Developers more like waiting for each other. Sooner or later one.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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