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Property prices. Crash coming?
- Thread starter palden
- Start date
i don't think that the latest measures will cause a crash. maintain a ceiling on the prices maybe or to slow down the crazy prices from shootng up further maybe....
the market is cleverly being manipulated because the present prices are neither sustainble nor affordable...
the crash will happen soon but it won't be within th PAP's control. the PAP will just make sure that theye can trap another bunch of potntial nkies to get deeply stuck here
210 Units Sold At New Condo
Today's Straits Times 19.01.2013
Buyers attracted by the 5-7% discounts offered by the property developers to offset the new cooling measures.
Today's Straits Times 19.01.2013
Buyers attracted by the 5-7% discounts offered by the property developers to offset the new cooling measures.
Prolonged widespread recessions and very bad local events eg SARS can cause the property market to fall in a big way . The recent cooling measures were done in a graduated manner and at the moment will only stem crazily rising prices. I dont see any crash especially with the cost of borrowing at such a low level.
Was at Tampines St 1 yesterday morning and was caught in a small jam only to realise later that many cars were turning into Qbay showhouse car park. People are going crazy. Unless loan interest is increased drastically, it appears that nothing can eliminate their fear that the price will keep on rising. They have forgotten i997.
Qbay has nice interior but the discount is just a gimmick. Lets see further launches elsewhere before deciding whether the cooling measures are effective. Hot money leaving Singapore and some are priced out due to extra duties. See which developers will have cold feet first.
We are dealing with sinkies here ...greed plus herd mentality and a forgetfulness of the suffering of massive losses makes them think they are immune
As long as people still have jobs and interest rates remains low, market will not crash. Maybe correct a little.
All I can say is,,,
'Where have I heard this before'????? Well in 2011 I was told 2012 will be a bad year and that developers are rushing to sell cos it might drop and crash is coming and so on,,,but guess what? Prices go up even further,,,so i guess no one has got it right,,and those that want it to crash are those that have missed the boat and want to go in cheap,,
'Where have I heard this before'????? Well in 2011 I was told 2012 will be a bad year and that developers are rushing to sell cos it might drop and crash is coming and so on,,,but guess what? Prices go up even further,,,so i guess no one has got it right,,and those that want it to crash are those that have missed the boat and want to go in cheap,,
Sorry Off topic. I thought the location of Qbay is bad. Along the way, I counted 4 new developments along Tampines St 1 alone and Qbay is furthest from the upcoming MRT station. This is crazy. The traffic along that road will be dead when all are completed. I really wonder if there is really "town planning". The crowd at the food stalls there will be unimaginable in 3 years time.
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crash not yet until this makes headlines -
"interest rates jumps up to 5%"
"interest rates jumps up to 5%"
Or "Unemployment hits 10%"
black swan going in circles above, and might land soon! or it might not as circling around since 2009. but then that is why it is black swan! lol
Then you short USD lor.
