Sales of new private homes sink in March

[CityFarmer]

What will end the stand-off between buyers and seller in the housing market? IMO, the moment when interest rate raises...

Sales of new private homes sink in March

SINGAPORE — New private home sales sank back into the doldrums last month after showing some sign of life in February, and analysts warn that low volumes could be the norm in the coming months amid the continued stand-off between buyers and sellers in the housing market.

The Urban Redevelopment Authority (URA) yesterday said developers sold 480 private homes last month, a sharp fall from the 739 units they offloaded in February and the 2,793 units in March last year. The decline came although developers launched more units last month, with 724 homes offered for the first time, up from 691 in February.
...
http://www.todayonline.com/business/sale...epage=true

[opmi]

What will end the stand-off between buyers and seller in the housing market? IMO, the moment when interest rate raises...

Sales of new private homes sink in March

SINGAPORE — New private home sales sank back into the doldrums last month after showing some sign of life in February, and analysts warn that low volumes could be the norm in the coming months amid the continued stand-off between buyers and sellers in the housing market.

The Urban Redevelopment Authority (URA) yesterday said developers sold 480 private homes last month, a sharp fall from the 739 units they offloaded in February and the 2,793 units in March last year. The decline came although developers launched more units last month, with 724 homes offered for the first time, up from 691 in February.
...
http://www.todayonline.com/business/sale...epage=true

It will be interlinking multiple feedback loops:-

Resale Pte -New Pte
Pte Resi -HDB Resale
HDB Resale-BTO
Resale Prices-Bank Valuation
Pte Resi TOP - Pte/HDB Rental
Pte Rental - HDB Rental

The virtuous cycle will go in reverse gear.

[brattzz]

I am very curious to see if property will really/indeed go reverse GEAR?
Am waiting to see!

[safetyfirst]

I am vested in quite a few local developers but i still think i will benefit more if property prices fall because the quantum sum that i have to invest in a physical property will be more significant than what i have in property stocks

[chialc]

I am very curious to see if property will really/indeed go reverse GEAR?
Am waiting to see!

From NUS SPRI* statistics, it's quite clear, isn't it?



* Singapore Residential Price Index Series (SRPI)
1. Central region: D 1-4, 9-11
2. Non-Central region: other districts
3. Small: unit < 506sqft

Love Compassion

[funman168]

when do you all reckon is time to pick up a ppty for investment?
1) 2016-17 => when mkt oversupply
2) 2019-20 => when global economy goes to recession

[corydorus]

I still remember someone said no way Gov will let the price fall more than 15%-20%. Well, data tell everything in time to come.

[chialc]

when do you all reckon is time to pick up a ppty for investment?
1) 2016-17 => when mkt oversupply
2) 2019-20 => when global economy goes to recession

With the TDSR still in place, most people will not have the bullet to fire the shot.

Luckily, the government relax the TDSR on 10 Feb 2014 and a bit more Singaporean pickup new project launch.

Love Compassion

[funman168]

Historically, gov always relax or remove their measures when ppty price corrected
I am betting on that to happen before getting my investment ppty
Still nt too old to wait for few more yrs, hehe

[opmi]

Historically, gov always relax or remove their measures when ppty price corrected
I am betting on that to happen before getting my investment ppty
Still nt too old to wait for few more yrs, hehe

I think the govt will relax the stamp duties when interest rates rise.
They are more scared of cheap loans fueling asset booms than just expensive homes.

TDSR is here to stay, as govt said it is a long term policy.
High asset prices is screwing the economic competitiveness. TDSR
is one way to control asset inflation-CPI feedback loop.