At long last Prop price is falling!!

[eErotica69]

The only way property price will fall is to kick out 2 million foreign talent from this country. So why don't you just take this?

Should be bring their descendents back too?

 

[rushifa666]

what do you mean at last? everybody knew this was coming. and it will continue

 

[enterprise2]

what do you mean at last? everybody knew this was coming. and it will continue

Well it finally came.. Question is how much it's going to fall?? If the drop is prolonged, the more it's going to fall. Hope the supply overhang will take a few years to mope up!!

 

[Cestbon]

I also wanna interest rate to go up.. Fucking Cb PAP has been artificially depressing the rate to benefit themselves

MAS must regulate bank fix deposit interest rate at min 2.0%/year. Since CPF rate in 2.5%.
That will be fair to saver.

 

[numero uno]

Y would interest rate go up? The gahmen controls the rates n if economy slowdown which is happening now. To raise rates is stupid.lets say if rates go up n prices drop. Buyers who take loans will not benefit as the cost of servicing goes up. So buyer still lose if prices drop as servicing cost goes up.

Unless u rich enough to pay cash..but i dont think many buyers r in tat position.

So b careful for wat u wish for.

sure the rates would go up. you cannot have low interests forever as it cheapen the dollar and cause inflation and demand for higher wages(as in singapore) which nobody wants. at the end of the day, the bankers win. higher interests= higher profits. buyer lose is their own business. if cannot service loan, then foreclose. banks still win. that's why interests would go up soon. even the feds know it. rem]ember Japan with near zero interests loan for 20 years and yet the economy was languishing. once interests goes up, expect the property prices to crash . banks are forever protected as they would ask you top up if your house is negative equity or foreclose it for you ie auction. banks are not stupid, alot of property buyers are.

 

[t0nychat]

Buy Malaysia properties, you sinkies.

 

[Narong Wongwan]

For those who sold their property and r now renting, get ready to chiong!!

0.7% dip and already standby to chiong....
Thank you for proving my point....without need for pappies' manipulation....many kiasu waiting to rush in on any sign of weakness....crash? In your dreams.

 

[zeebjii]

0.7% dip and already standby to chiong....
Thank you for proving my point....without need for pappies' manipulation....many kiasu waiting to rush in on any sign of weakness....crash? In your dreams.

You seem very fearful of a crash. Housing agent/ speculator?

 

[rushifa666]

just moron i think. knew it was coming because even USA raised concerns we were creating a bubble. minimum they will wayang

 

[Narong Wongwan]

You seem very fearful of a crash. Housing agent/ speculator?

I've said before like most sinkies its a double edge sword for me. I've got game plans ready for both scenarios.
But I'm happy to see pap sweat either way.
All that said if I need to predict then its no crash as long as pappies are propping prices up.
My agenda is to rile those who miss the boat and show them that pap is solely responsible for their plight.

 

[LowLifeBoyKopiUncle]

Buy Malaysia properties, you sinkies.

High crime rate....Half way stop constructing....Low quality materials....

Malaysia BOLEH !

LOL

 

[The_Hypocrite]

if low interest is that bad, why was rates not raised 2 or 3 years ago when demand went up and property prices went up like no tomorrow? why raise it now when the world economy is tanking? china and the USA is slowing, Europe will be in shit for years..so to raise interest rates now will damage the economy.

If property prices drop,,,the banks will have less $$ as their assets being underwritten is dropping in value,,they hold property when its prices is down means their profit have dropped to. This is the stage the banks dont want to reach.

Japan property prices were due to an earlier bubble, but to add more perspective...the population is shrinking and property prices were high in Tokyo but dropped. Many Japanese live in the outskirts of the city which ang mors call suburbia.

In singapore suburbia is Jurong and woodlands and Tampines,,how far is that from the CBD???? Contrast that to Japan and Tokyo where people moved to suburbia and its a much bigger place.

In spore the place is smaller and more foreigners are coming in hence population increase,,,everyone needs a roof over their head so everyone needs property.

Unless there is really an oversupply problem in singapore prices will still hold. and if prices drop pap will just remove cooling measures...

all in all banks will not want property prices to drop as the value of their holdings drop too,,,

sure the rates would go up. you cannot have low interests forever as it cheapen the dollar and cause inflation and demand for higher wages(as in singapore) which nobody wants. at the end of the day, the bankers win. higher interests= higher profits. buyer lose is their own business. if cannot service loan, then foreclose. banks still win. that's why interests would go up soon. even the feds know it. rem]ember Japan with near zero interests loan for 20 years and yet the economy was languishing. once interests goes up, expect the property prices to crash . banks are forever protected as they would ask you top up if your house is negative equity or foreclose it for you ie auction. banks are not stupid, alot of property buyers are.

 

[enterprise2]

I've said before like most sinkies its a double edge sword for me. I've got game plans ready for both scenarios.
But I'm happy to see pap sweat either way.
All that said if I need to predict then its no crash as long as pappies are propping prices up.
My agenda is to rile those who miss the boat and show them that pap is solely responsible for their plight.

The last boat left some time ago!! Now the next ferry is docking soon!