More distressed sales expected at luxury condos.

http://www.theedgeproperty.com.sg/content/more-distressed-sales-expected-luxury-condos

It should be reassuring that property agents still consider incidences in which condominiums are sold at 20% to 30% below their purchase price to be as in frequent as an MRT breakdown. Many still insist that such transactions are “one-off” and not representative of the normal market.

hbk75 said:

http://www.theedgeproperty.com.sg/content/more-distressed-sales-expected-luxury-condos

It should be reassuring that property agents still consider incidences in which condominiums are sold at 20% to 30% below their purchase price to be as in frequent as an MRT breakdown. Many still insist that such transactions are “one-off” and not representative of the normal market.

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70% of the population have no issues with this at all. Property prices low, can go in and grab.

I waiting for $1000 per sq ft, give or take $100.

Thick Face Black Heart said:

70% of the population have no issues with this at all. Property prices low, can go in and grab.

Click to expand...

70% dunno they are in a trap.

In the widely reported Knight Frank Prime Global Cities Index, Singapore is home to the weakest-performing luxury residential market for the seventh consecutive quarter with ,cities like Vancouver, Sydney and Shanghai recording double-digit annual price increases .

I mentioned many times before that it shows where the smart monies are moving-the richest (and obviously some of the smartest) peoples in the world do not consider singapore a good place to stay .Maybe more Burmese generals will move here and the usual indons because of the non signing of the extradition treaty.
Are we attracting the smart monies (and people) or corrupt monies and the crooks and failed dictators .

However many of the 70% are scared shit of losing their property values-but how long can they prop it up?