S'pore home prices still falling

[strongman93]

A slew of property cooling measures rolled out by the government over the past few years, in particular the introduction of the Total Debt Servicing Ratio (TDSR) in June 2013, have pushed prices down.

Prices of non-landed residential properties in Singapore fell 3.3 percent between Q1 2014 and Q1 2015, revealed the Knight Frank Global House Price Index.

More details http://goo.gl/645bMG

[mulyc]

Glut next year. Don't expect removal of measures anytime soon.

[greentea]

http://btd.sg/1HJ7Wg8

SC Capital Partners, which booked a loss from the sale of Singapore apartments to Blackstone Group LP in January, said prices in the city-state need to drop another 30 per cent.

Suchad Chiaranussatti, founder of the Asian property fund, said he won't be re-entering the Singapore residential market until he sees a further decline in prices. Prices need to drop by about 20 per cent to 30 per cent to make residential investments attractive again, he said in an interview.

[BlueKelah]

Singapore may after all be able to pull off a "beautiful" deleveraging of its property sector.

[lilvestor]

The tsunami of supply in the next 2 years will hit people who are still sanguine on the local property market like a sledgehammer.

[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.

[money]

wow didnt know EC can also lose so much money

[strongman93]

looks like better to invest overseas now.

[jjlim84]

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

[strongman93]

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

good question. people always says wait the price to go down, but when it's down they petrified. when price is in uptrend, they can't afford