I can't agree more. Even recent examples like Sky Habitat, D'Leedon & Panorama all with reduced launch prices up to 15-20% cheaper. If prices drop further, the banks will force sale. And they might suffer a double whammy if it is forced sale within the Additional Seller Stamp Duty Period.
Now many are still in self denial... Telling me if u hold long enough, you k ride through all kinds of volatility..
Well.. Not for some 99 years ones I have seen. Take Bishan for example, I know some Bishan condos are sold for as high as SGD1200psf in the 1996 peak. They have suffered the crash since then, for those who are able to hold it till today have yet to break even when Sky Habitat are launching at record SGD1600-1700psf. And sadly the window period is short, prices are reduced now by 15-20%. It is the same thing as what the initial buyers of Sky Habitat & Panorama are thinking.. Self denial & just hold long term lor.
They are not the worse.. Those whom buy 99 years from Far East's freehold projects.. And those whom buy SGD1k SPF prices for 60 yr projects..good luck.
walau.. curse those people who bought in the past 1-2 year :(
jb also same la.
those who buying 1.4-1.5m ++ terrace house also could possibly lose a lot of money in future. far worse things could hppen in m'sia, like project abandoned. buy wisely, if too expensive don't buy.