SIX reasons why property will crash big time

[zhihau]

Govt is holding on to HDB prices to provide support to the private sector. Usually except for the high end, the rest of the market tends to slide together.

when HDB was first set out to provide affordable housing to the general public, it now becomes a cash cow for the Government?

 

[congo9]

when HDB was first set out to provide affordable housing to the general public, it now becomes a cash cow for the Government?

A few months back , a report by CREDIT SUISSE has revealed that the pte property value of singapore will reduced by 40% from the peak. That is even before the SUB PRIME hit home.

Welll this economic down turn, i think 40% downward value from the peak is the bear minimum !

 

[zhihau]

A few months back , a report by CREDIT SUISSE has revealed that the pte property value of singapore will reduced by 40% from the peak. That is even before the SUB PRIME hit home.

Welll this economic down turn, i think 40% downward value from the peak is the bear minimum !

whoa... i'm starting to envy those folks who booked a unit on the Pinnacle@Duxton...

 

[banova888]

If you always think every single property is expensive, you will forever not own any property, because you cannot bring yourself to buy one. :o

You sound like my uncle who commited suicide during the last property crash.

 

[imperialarms]

aiyooh property already crash all over the world, usa uk, how can sinkapore not collapse also

last prop crash in usa 1988-1998 10 eyars before property prices went back to same level, use as guideline la...

 

[myo539]

More supply coming onstream as projects completed and developers look to recover cash..... Already prices of the Sail has gone from $3,000psf to maybe about $1,200psf now, will drop further

Good. Good. Good. Now private properties will be within our range. May be we can have a piece of sand at Sentosa Cove.

 

[myo539]

Will private properties fall lower than HDB flats - especially those in the central areas?

 

[singveld]

yes i hope so

the deeper the drop in price

the better

it is too expensive

way too expensive now

must go down

 

[makapaaa]

If it hits $600psf, the value of your own property would be shit too.

And by then, if you have daughters, wife at home, please tell them not to go out at night. Because there would be looting, rapes and robberies happening everywhere.

Isn't this happening already?

 

[silverfox@]

Isn't this happening already?

You mean what happened already? Your daughters getting raped at night? Or you got robbed wherever you go? Or your business got looted?

 

[peterlth]

Recession means job cuts and wage cuts and in the uncertainty, no one will commit to buying unless prices are very cheap

Global outlook very uncertain. Major economies sliding downwards with knock on effects far beyond

Banks have tightened lending to between 60% and 70% in most cases and often the bank valuation is way way below the seller's asking price, so buyer either must have ready cash on hand or prices must drop another 30% to 50%

Speculators who bought on DPS panicking as TOP closes in and they may have to default if they can't secure loan

More supply coming onstream as projects completed and developers look to recover cash. Take the cue from the likes of Novelty

IR project is comatose now that Sands in financial trouble. The resort will still open but will be scaled down. The IR hype is just that - hype. Already prices of the Sail has gone from $3,000psf to maybe about $1,200psf now, will drop further

Looks like all these are not happening ..... property price keep going up and up!

 

[Equalisation]

seventh reason is because of the almighty windpower ....

 

[johnny333]

If you always think every single property is expensive, you will forever not own any property, because you cannot bring yourself to buy one.

Even on your regular HDB.

Can consider buying a house in JB

You can find alot of places for under $100,000 in JB but foreigners are limited to properties RM$350,000 & higher.

Cheap electricity, cheap water, cheap food, cheap satellite TV, cheep...cheep.