Property Price Prediction

[kingat33]

With the opening of two casinos and the fact that there are no social welfare system in singapore, more bankruptcies, divorces and debts will occur resulting in more supply than demand. Unemployment rate will continue to rise, the poor quality of migrants, low birth rate and the eventual demise of LKY. Future does look bleak for the property market in Singapore indeed.

 

[kingat33]

& I predict a price correction of 20% - 30% with the HDB having more downside pressure.

 

[DOM the Clown]

& I predict a price correction of 20% - 30% with the HDB having more downside pressure.

I disagree. With the perimeter you have set, I think the downward pressure should be at least 50%.

Cheers!
DOM

 

[ahleebabasingaporethief]

With the opening of two casinos and the fact that there are no social welfare system in singapore, more bankruptcies, divorces and debts will occur resulting in more supply than demand. Unemployment rate will continue to rise, the poor quality of migrants, low birth rate and the eventual demise of LKY. Future does look bleak for the property market in Singapore indeed.

Dear Dom,

Most intellectuals will agree with your comments. But...

1. They have manipulated bankruptcies figures at least for the time being leading to the openings of the 2 IRs.
After that, they will hammer all these POOR SUCKERS have had agreed to AVOIDING BANKRUPTCY because they agreed to STUPID repayment plans.
Just flip through Friday and Monday classified and you will see that bankruptcy filings are down.

2. Because of #1, property prices are still seen as 'steady' because there are many FT SUCKERS taken in by our 154th bullish reports, mainly the Indonesians. S'pore has always been the country of choice for INDON CHINESE to park their BIG monies.

3. Because of #1 and #2, property prices are still only down around 30% when it should be much more. It's a FIXED scenario. But what to do, there are always MANY FOOLS AND SUCKERS around. Better the FTs than S'poreans.

My 2 cts worth.

 

[DOM the Clown]

Bro ahleebabasingaporethief,
I doubt the chinese Indonesians are dummies. They are more shrewd than sinkies. The reason why the HDB prices are maintained is because we have the HDB and whoever up there telling the valuers to state the 'stable' prices reasonable to them!

Cheers!
Primo

 

[OldPlaza]

Most intellectuals will agree with your comments. But...

1. They have manipulated bankruptcies figures at least for the time being leading to the openings of the 2 IRs.
After that, they will hammer all these POOR SUCKERS have had agreed to AVOIDING BANKRUPTCY because they agreed to STUPID repayment plans.
Just flip through Friday and Monday classified and you will see that bankruptcy filings are down.

Only the bad news are Real and Accurate, and 'good news' are 'lies' and manipulated ?

2. Because of #1, property prices are still seen as 'steady' because there are many FT SUCKERS taken in by our 154th bullish reports, mainly the Indonesians. S'pore has always been the country of choice for INDON CHINESE to park their BIG monies.

Indonesians have been buying SG properties in good and bad times. Their faith in SG is never shaken and wavered.

3. Because of #1 and #2, property prices are still only down around 30% when it should be much more. It's a FIXED scenario. But what to do, there are always MANY FOOLS AND SUCKERS around. Better the FTs than S'poreans.
My 2 cts worth.
It is better to have support in property price. A collapse in property price is not good for most people (maybe a buyer who currently owns no property, has secured job and holds plenty of cash).

 

[yellow_people]

It is better to have support in property price. A collapse in property price is not good for most people (maybe a buyer who currently owns no property, has secured job and holds plenty of cash).

Then you should continue to support PAP for more good years.

 

[vincenttan]

Dun under-estimate the spending power of PRCs too. The negative sentiments are probably a good strategy by the ruling party to inject fear into Singaporeans.

This coming election, they would have won the race as sinkies are too afraid to give oppositions chance to try out.