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Property prices. Crash coming?
- Thread starter palden
- Start date
If i told you in 1996 that COE would go down from $100,000 to $5000 would you believe me?
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I already said, in years, not decades. No one is good enough to give exact date. Same goes for you. Your predictions macam you can can, which of course is delusional.
The calculation is based on that much money coming in to buy the properties and creating enough non-Singapore ownership properties. That calculation is masturbating on LSD. Remember our great TT 35% President is the greatest policy maker in the world to have triggered a recession in Singapore when all other countries are recovering with a 50% CPF tax. I know no genius capable of doing this other than those in Leegime. I used to think Leegime was quick at solving problems. Now it is clear Leegime is only quick at making problems and pocketing money for themselves.
HDB should repossess flats of owners whom had upgraded to private properties. HDB is meant for affordable housing for the general public!
That will happen as soon as the pigs take to the skies dude...lol good joke anyway!!!
Speak for yourself only, if you are an old man and going to up the lorry in a few years.
Dont curse me and others to die young.
Property will come down when the US stablises its economy and starts to move its interest rates up.
then you see the big money chasing after the higher rates in the US and abandoning this overbuilt city, and at the same time,. all those cunts who had been leveraged to the hilt will have to throw their properties in a hurry because interest rates are rising and reducing their disposable income and lastly, all the jobs will also start moving away and the rental supprt structure will be undermined. You see wdf will outlast each other then....
That is WHY the PAP wants more people here,,.... especially the middle tiered not so rich PMETs type, so that they can get stuck with a fucking massive mortgage and stay entrenched in this shithole with nowhere else to go unless they want to lose all their savings/investments by throwing away the properties they bought here.
then you see the big money chasing after the higher rates in the US and abandoning this overbuilt city, and at the same time,. all those cunts who had been leveraged to the hilt will have to throw their properties in a hurry because interest rates are rising and reducing their disposable income and lastly, all the jobs will also start moving away and the rental supprt structure will be undermined. You see wdf will outlast each other then....
That is WHY the PAP wants more people here,,.... especially the middle tiered not so rich PMETs type, so that they can get stuck with a fucking massive mortgage and stay entrenched in this shithole with nowhere else to go unless they want to lose all their savings/investments by throwing away the properties they bought here.
Following the government’s new measures to cool the property market, developers have entered what resembles a discount race in hopes of enticing buyers to keep buying.
The race started with Q Bay Residences in Tampines, which was the first to offer a 5 to 7% discount last week, which effectively negates the 5 to 7% increase in the Additional Buyer’s Stamp Duty (ABSD). The increased ABSD was one of the new rules under the latest cooling measures.
Q Bay residences have currently sold more than half of its 630 units within its first weekend on the market, indicating that a good project at a sufficiently competitive price would could still entice buyers.
Since then, other property developers have followed suit. Some felt that launching Q Bay Residences right after the cooling measures were implemented was a bold move, but it was one that gave other developers confidence to proceed and launch their properties.
Far East Organisation has also taken out an advertisement in The Sunday Times, announcing discounts of up to 4% on some of its properties like euHabitat at Jalan Eunos, The Seawind at Telok Kurau and SeaHill at West Coast Link. These discounts would be added to the current discounts the developer is already offering.
The percentage of discounts has also increased by 10 to 15% at properties like CapitaLand’s d’Leedon at Farrer Road. Prices for this luxury property now start from more than $1300 per square foot (psf), down from its initial launch price of $1680 psf.
These discounts are believed to be the integral factor for potential investors looking to buy their second or third property. However, industry insiders are sure that they will not last forever, especially since the land bids in the second half of 2012 were rather aggressive. In order to offset the land costs, developers will not be able to lower selling price by much. The projects built on these expensive sites will be launched from the second half of this year. That’s when anaylysts believe the discounts will stop.
The biggest discounts will be enjoyed in the first quarter of 2013, after which it would dwindle. From 5 to 7% now, it could taper to 2 to 5%.
It is currently unknown how far the measures will go in relieving buying interest in a fluctuating stock market and the low interest rates at the banks. However, discounts are unlikely to become the norm. During the first implementation of the ABSD in December 2011, discounts were then gradually reduced till they dwindled to nothing.
The race started with Q Bay Residences in Tampines, which was the first to offer a 5 to 7% discount last week, which effectively negates the 5 to 7% increase in the Additional Buyer’s Stamp Duty (ABSD). The increased ABSD was one of the new rules under the latest cooling measures.
Q Bay residences have currently sold more than half of its 630 units within its first weekend on the market, indicating that a good project at a sufficiently competitive price would could still entice buyers.
Since then, other property developers have followed suit. Some felt that launching Q Bay Residences right after the cooling measures were implemented was a bold move, but it was one that gave other developers confidence to proceed and launch their properties.
Far East Organisation has also taken out an advertisement in The Sunday Times, announcing discounts of up to 4% on some of its properties like euHabitat at Jalan Eunos, The Seawind at Telok Kurau and SeaHill at West Coast Link. These discounts would be added to the current discounts the developer is already offering.
The percentage of discounts has also increased by 10 to 15% at properties like CapitaLand’s d’Leedon at Farrer Road. Prices for this luxury property now start from more than $1300 per square foot (psf), down from its initial launch price of $1680 psf.
These discounts are believed to be the integral factor for potential investors looking to buy their second or third property. However, industry insiders are sure that they will not last forever, especially since the land bids in the second half of 2012 were rather aggressive. In order to offset the land costs, developers will not be able to lower selling price by much. The projects built on these expensive sites will be launched from the second half of this year. That’s when anaylysts believe the discounts will stop.
The biggest discounts will be enjoyed in the first quarter of 2013, after which it would dwindle. From 5 to 7% now, it could taper to 2 to 5%.
It is currently unknown how far the measures will go in relieving buying interest in a fluctuating stock market and the low interest rates at the banks. However, discounts are unlikely to become the norm. During the first implementation of the ABSD in December 2011, discounts were then gradually reduced till they dwindled to nothing.
As long as people continue to come into singapore,,there is no reason why property prices should drop,,everyone needs a place to stay,,,
That's why they are letting so many people in. Singapore also has the most expensive hotels in Asia.
Also one must ask,,who is the largest land owner in SIngapore?? who stands to benefit most in this matter? the PAP lah,,,,,
Any latest pricing?
Consumer sentiments report says affordability remains a top concern; tighter restrictions seen to impact sales but not prices.
SINGAPORE, 4 February 2013 – The iProperty Group, owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com) today released its iProperty.com Asia Property Market Sentiment Report (APMSR) H1 2013, revealing a continuing clamor for Government to heighten the affordability of public housing.
“Singapore property buyers understand that prices will continue to go up, but appreciate the Government stepping in to manage the pace and ensure that public housing will remain within their reach,” said Sean Tan, General Manager of iProperty.com Singapore.
Tan said the seventh round of cooling measures, which was announced on 12 January 2013, just two weeks after the survey was completed, would impact property sales but unlikely to make a dent in terms prices.
“The new measures would certainly make residential property buyers more cautious. In fact, the sentiments report already reflects this trend, with more than half of the consumers surveyed said they may be deferring their purchase much longer to up to two years. I think we can expect property sales to dip slightly as a result of the new measures, but prices will continue to go up, or at best, remain flat in 2013,” he added.
He continued, “However, low interest and high liquidity are expected to keep the property market buoyant, even in the face of tighter restrictions.”
Carried out in four markets – Singapore, Malaysia, Indonesia and Hong Kong with a total of 17,303 respondents, including 2,099 from Singapore, the iProperty sentiments survey aims to provide property investors, buyers, sellers and owners – both locals and expatriates – with insights into the property market from a consumers’ perspective.
In Singapore, rising property prices resurfaced as a top concern, and sentiments lean towards Government taking a more active stance to decelerate the increases.
While respondents seemed to favour stricter market restrictions, a surprising 70% indicated that they were likely to support government moves to allow singles to buy new HDB flats, a reversal of the current rules that limit HDB flat ownership to singles over the age of 35 who purchase on the open market. Changing the rules would allow singles, too, to enjoy the benefits of subsidized public housing.
Key findings include:
64% of the survey respondents felt the current resale prices of HDB flats are not affordable to the average Singaporean family
50% of survey respondents predicted prices will continue to rise over the next three years despite an increased supply of build-to-order (BTO) flats
67% of those surveyed opined that government should take more active steps to cool the market
41% of the respondents felt that the government is not doing enough to ensure sufficient housing is available to foreigners
Overall, the forecast for the Singapore property market in 2013 remains positive, with 55 % of respondents unfazed by fears of a property bubble. Majority of respondents (66%) are confident that their property will retain its value in 2013.
Market Realities
The report also revealed an interesting alignment between consumers’ preferred measures to curb HDB price increases and the government’s approach.
Respondents’ felt HDB prices could be better controlled if the Government were to adopt measures such as, imposing stricter guidelines for permanent residents subletting or selling their HDB flats (45%); putting a cap on resale prices of HDB flats (30%); and putting a levy on subletting HDB flats (25%).
“The issues and proposed solutions that figured prominently were addressed in the latest round of cooling measures. It is a testament to how the study reflects market realities,” Tan added.
To deliver more useful insights to property buyers and sellers, iProperty.com Singapore has partnered with Ascendant Assets Pte Ltd, one of Singapore’s real estate research consultancies, to analyse the sentiments and how the trends have evolved over the past few years.
“In the 2013 survey, about 72% of the respondents indicated that they do not intend to buy a property in the next one year. For consumers, it is not easy to fathom what 72% means. However, if consumers know that only 38% gave that answer the year before, it would definitely be more telling. We are working with iProperty.com Singapore to identify these underlying trends so that the study can become a truly invaluable tool that consumers can use in deciding when, where and what to buy,” said Getty Goh, Director of Ascendant Assets Pte Ltd.
Consumer sentiments report says affordability remains a top concern; tighter restrictions seen to impact sales but not prices.
SINGAPORE, 4 February 2013 – The iProperty Group, owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com) today released its iProperty.com Asia Property Market Sentiment Report (APMSR) H1 2013, revealing a continuing clamor for Government to heighten the affordability of public housing.
“Singapore property buyers understand that prices will continue to go up, but appreciate the Government stepping in to manage the pace and ensure that public housing will remain within their reach,” said Sean Tan, General Manager of iProperty.com Singapore.
Tan said the seventh round of cooling measures, which was announced on 12 January 2013, just two weeks after the survey was completed, would impact property sales but unlikely to make a dent in terms prices.
“The new measures would certainly make residential property buyers more cautious. In fact, the sentiments report already reflects this trend, with more than half of the consumers surveyed said they may be deferring their purchase much longer to up to two years. I think we can expect property sales to dip slightly as a result of the new measures, but prices will continue to go up, or at best, remain flat in 2013,” he added.
He continued, “However, low interest and high liquidity are expected to keep the property market buoyant, even in the face of tighter restrictions.”
Carried out in four markets – Singapore, Malaysia, Indonesia and Hong Kong with a total of 17,303 respondents, including 2,099 from Singapore, the iProperty sentiments survey aims to provide property investors, buyers, sellers and owners – both locals and expatriates – with insights into the property market from a consumers’ perspective.
In Singapore, rising property prices resurfaced as a top concern, and sentiments lean towards Government taking a more active stance to decelerate the increases.
While respondents seemed to favour stricter market restrictions, a surprising 70% indicated that they were likely to support government moves to allow singles to buy new HDB flats, a reversal of the current rules that limit HDB flat ownership to singles over the age of 35 who purchase on the open market. Changing the rules would allow singles, too, to enjoy the benefits of subsidized public housing.
Key findings include:
64% of the survey respondents felt the current resale prices of HDB flats are not affordable to the average Singaporean family
50% of survey respondents predicted prices will continue to rise over the next three years despite an increased supply of build-to-order (BTO) flats
67% of those surveyed opined that government should take more active steps to cool the market
41% of the respondents felt that the government is not doing enough to ensure sufficient housing is available to foreigners
Overall, the forecast for the Singapore property market in 2013 remains positive, with 55 % of respondents unfazed by fears of a property bubble. Majority of respondents (66%) are confident that their property will retain its value in 2013.
Market Realities
The report also revealed an interesting alignment between consumers’ preferred measures to curb HDB price increases and the government’s approach.
Respondents’ felt HDB prices could be better controlled if the Government were to adopt measures such as, imposing stricter guidelines for permanent residents subletting or selling their HDB flats (45%); putting a cap on resale prices of HDB flats (30%); and putting a levy on subletting HDB flats (25%).
“The issues and proposed solutions that figured prominently were addressed in the latest round of cooling measures. It is a testament to how the study reflects market realities,” Tan added.
To deliver more useful insights to property buyers and sellers, iProperty.com Singapore has partnered with Ascendant Assets Pte Ltd, one of Singapore’s real estate research consultancies, to analyse the sentiments and how the trends have evolved over the past few years.
“In the 2013 survey, about 72% of the respondents indicated that they do not intend to buy a property in the next one year. For consumers, it is not easy to fathom what 72% means. However, if consumers know that only 38% gave that answer the year before, it would definitely be more telling. We are working with iProperty.com Singapore to identify these underlying trends so that the study can become a truly invaluable tool that consumers can use in deciding when, where and what to buy,” said Getty Goh, Director of Ascendant Assets Pte Ltd.
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