Posts: 230
Threads: 3
Joined: Apr 2013
Reputation:
2
Glut next year. Don't expect removal of measures anytime soon.
Posts: 3,104
Threads: 122
Joined: Apr 2013
Reputation:
45
Singapore may after all be able to pull off a "beautiful" deleveraging of its property sector.
Posts: 109
Threads: 0
Joined: Nov 2013
Reputation:
2
The tsunami of supply in the next 2 years will hit people who are still sanguine on the local property market like a sledgehammer.
Posts: 730
Threads: 6
Joined: Jan 2011
Reputation:
30
15-06-2015, 10:54 PM
(This post was last modified: 16-06-2015, 01:36 PM by Big Toe.)
Just spoke to a buyer of an EC to be completed mid next year.
Buyer bought a large unit during its initial launch.
Developer is having a 3% + 3% + 2% discount for new buyers(why developers can't be more direct and just say 8? Instead of X+X+X?), in short it is about 100K cheaper for the same unit now. Must be a bad feeling to buy something that is yet to be completed and price keeps falling.
Posts: 514
Threads: 1
Joined: Dec 2010
Reputation:
6
wow didnt know EC can also lose so much money
Posts: 172
Threads: 74
Joined: Sep 2014
Reputation:
2
looks like better to invest overseas now.
Posts: 138
Threads: 0
Joined: Sep 2014
Reputation:
1
I wonder at what price levels, ppl will start to find properties cheap and start buying again. Or when will the government support the price by reversing it's policy, and reignite interest in foreign investors
if compared among global cities such as Hong Kong, London, Tokyo etc, Singapore's house price to income ratio is still one of the lowest