nothing to do with TDSR or absd kicking in. my info was from banks. I predicted 2 years ago that 2014 market would start to drop and 2015 big crash. see my prev posts.
The property scene is very much determine by supply and demand..
Look.. just this week a 4 room at Pinnacle sold for $918,000, a five room will be over a million as predicated by LKY.
Why because there is a demand for a pigeon hole in the prime area whereas a 5 room in Punggul, Sengkang fetch half the price around $500,000 because of over supply there.
Landed in Sentosa cove drop by 30 % over the last 2 years whereas on the mainland, strictly for Singaporeans it eases only 5.2%..Why because the demand for landed is still there despite the 9 round of cooling measures.
On condos. the lower price ones still attract buyers though there is an abundant supply because the upgraders dare to plunge in if he can get a new apartment for $800 to $900K . But the over-priced luxury units in district 9.10,11 suffered most because the demand from foreigners and locals are not there.
Yes, I agree the auction calendar will be busy this year, but more of the units on offer are for those whose demand are not there...eg..high end condos and poorly located condo units in the suburbs.
You can cheery pick for these...