Property resale prices beginning to drop

[Worm]

Lately the prices are softening, EC are no longer sold-out
https://www.businesstimes.com.sg/pr...ver-66-units-average-s1734-psf-launch-weekend

In many situations, the resale prices are asking too high.

New condos are just $400-600 more per square feet, versus those 10-20 years old units in the same area.

Example, the older condos in Pasir Ris are selling $1400psf while the new launch (cited above) is $1800psf.

 

[Tragedeigh]

It's about time for a major depression in Singapore.

 

[Worm]

It's about time for a major depression in Singapore.

Then resale in District one is crashing. We impose 60% buyer's stamp duties on foreigners (except PR) and rental market is softening.

These older projects are struggling to clock $2000psf and this put strain on >$2000psf new launches in the OCR area.

We are likely to see property market cooling down in 2026

 

[Worm]

Record 13400 HDBs will reach MOP this year too. Many are sitting on >70% gain from their BTO Prices, or >90% gain in prime clementi and Bidadari estates. Many will be offloading to lock-in these exceptional gains.

https://www.straitstimes.com/singap...say-supply-could-moderate-resale-price-growth

 

[Worm]

Record 13400 HDBs will reach MOP this year too. Many are sitting on >70% gain from their BTO Prices, or >90% gain in prime clementi and Bidadari estates. Many will be offloading to lock-in these exceptional gains.

https://www.straitstimes.com/singap...say-supply-could-moderate-resale-price-growth

HDB rental market will also peak in 2H26 when RTS opens.
https://www.straitstimes.com/busine...-and-caution-in-johor-as-rts-link-takes-shape

 

[syed putra]

Dontch worry lah. Sinkie is a money laundering tax evasion hub. Your NS suppose to strengthen the notion that its a iron clad banking system which deter robbing by neighbouring countries. And attract their wealthy clients.
US, UK, switzerland, hong kong pre 1997 got wealthy due to this.
City of london and new york is a mega tax haven.
Sinkie trying to emulate those cities.

 

[ftan42]

Past major property bubbles share common patterns, including speculative excess, rapid asset value surges, and subsequent periods of severe economic stagnation or systemic crises.
Japan - 1991
Lehman Brothers - 2008
China - 2021/2022
Sinkie - ????

 

[VanDick]

Price drop caused by the Melvin-Grayce scandal?