Serious Massive retrenchment and pay cut but properties still snatched up?

[hbk75]

Is fake news or serious one? I dun think cash rich ppl will consider buying now. Those that needed loans will not be granted easily. So who is buying?

 

[congo9]

The people who are buying are those ultra rich Indonesians who are willing to pay straight cash out of trouble.

 

[hbk75]

The people who are buying are those ultra rich Indonesians who are willing to pay straight cash out of trouble.

Also fake news. Those hot selling are mass market condos which fts are not keen anyway.

 

[Baimi]

And COEs never drop to 5K. ;p

 

[hbk75]

And COEs never drop to 5K. ;p

100 billion still floating. When it finish the see how

 

[syed putra]

Low 8nterest rates.

 

[congo9]

Also fake news. Those hot selling are mass market condos which fts are not keen anyway.

It's the agent making all the waves.

 

[hbk75]

Low 8nterest rates.

No jobs low interest also useless. Rates were 1% plus in 2003. Got ppl buying or not?

 

[hbk75]

It's the agent making all the waves.

I suspect is agents spreading all the fake sales. Like otp issued 100 times

 

[bushtucker]

All the new launch condos are selling like hot cakes. The buyers are so confident that they won't be retrenched or take a pay cut. Let's see maybe in the next few years the banks will resell these units after these buyers couldn't afford the home loan anymore.

 

[birdie69]

I suspect is agents spreading all the fake sales. Like otp issued 100 times

All the foreign buyers, maybe CECA PMET buy up all the units

 

[hbk75]

All the new launch condos are selling like hot cakes. The buyers are so confident that they won't be retrenched or take a pay cut. Let's see maybe in the next few years the banks will resell these units after these buyers couldn't afford the home loan anymore.

I also dunno is really selling like hit cake. I went to some launches and not many ppl. So ghost is buying?

 

[hbk75]

All the foreign buyers, maybe CECA PMET buy up all the units

I would say likely is property agents ownself buy ownself.

 

[sweetiepie]

KNN as far as my uncle knows at this point most typical sinkies with alittle bit of extra ji are either using it to buy property and investing heavily in fundsupermart KNN my uncle know 3 of them doing this right now KNN

 

[CPTMiller]

There are people not affected by the downturn or job lost.
There are people affected by downturn pay cut but need a roof over the head so how? Borrow from bank and buy property.
There foreigners or local investor who believe Singapore will not doom.
So buy the properties.
Singapore is too small a country and so bring in so high population.
You think property will have empty showroom??
Pap know this all this time so keep mentioning Singapore need up population up foreigners to be success.
They are right.

 

[hbk75]

There are people not affected by the downturn or job lost.
There are people affected by downturn pay cut but need a roof over the head so how? Borrow from bank and buy property.
There foreigners or local investor who believe Singapore will not doom.
So buy the properties.
Singapore is too small a country and so bring in so high population.
You think property will have empty showroom??
Pap know this all this time so keep mentioning Singapore need up population up foreigners to be success.
They are right.

It depends. Now banks are tightening loans. U wanna buy maybe also cannot borrow. If the debt deferment ends. Really crash liao.

 

[CPTMiller]

Singapore never short of property buyer.
Be it for personal roof over the head or an investor.
Also there are lots of foriegners here and the buyers number boost.
If Singapore property to remain for Singapore citizens only and the population control cap.
Then there wont be property boom all this time.
Then PAP goverment will be crying to their bank.

Thats why Singapore property wont crash.
Dont dream.

It depends. Now banks are tightening loans. U wanna buy maybe also cannot borrow. If the debt deferment ends. Really crash liao.

 

[eatshitndie]

majority are pappie civil serpents, cocksuckers and cronies with cornered contracts and cockshare of covid cash.

 

[mojito]

majority are pappie civil serpents, cocksuckers and cronies with cornered contracts and cockshare of covid cash.

One economy for rich pappies; One economy for poor oppies.

 

[syed putra]

Singapore never short of property buyer.
Be it for personal roof over the head or an investor.
Also there are lots of foriegners here and the buyers number boost.
If Singapore property to remain for Singapore citizens only and the population control cap.
Then there wont be property boom all this time.
Then PAP goverment will be crying to their bank.

Thats why Singapore property wont crash.
Dont dream.

Unlike jiu hu, singapore and hong kong have limited land and therefore chances of property escalating is huge. Hong Kong even worse as land earmarked for greenery are left untouched. They could easily developed it if they wanted to reduce cost of housing.