Sounds good. Let us know when the developer accepted your chq at 3m.
It is a very big amount to me.
Due to some $$$ issues, insider-source revealed that the big developer have to offload a certain quantity (target) within 6-months = 2 quarters.
Singapore Private Residential Property Price Index is slightly above 210pts now (first quarter of 2014).
I told myself to decide after property index hit 200pts.
I wanna see how it drops.
If it is a flash crash below 200pts before end of 2014 = will rebound soon = mi go buy
If it is a sustainable decline = i will delay decision for another 24 months.
Alternatively, i am looking at small builder/developers who rebuild 1-3 units landed ($2.5m-$3m area), i think they also no holding power to wait another 18-months cos they max loan.