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?

 

[Worm]

Price drop caused by the Melvin-Grayce scandal?

Yes, more wives will take over the buying decision, especially for resale viewings.

It's like 30 years ago, when buying a sports car would net the salesgirl at least $7000 commission and the buyer got to bang her. Buying a new sports car was like bragging to fellow bros and the first question your bros would ask, "the salesgirl willing to swallow?"

 

[batman1]

The propert bubble will burst.The property prices in SG have been artificially propped up by the pap govt and money launderers.

 

[k1976]

Singapore ish a illiquid Safe Haven mah

 

[k1976]

Rare Island of Stability in Emerging Asia​

Unlike many faster-growing Asian peers, Singapore offers comparatively lower risks and volatility, underpinned by a predictable regulatory framework and political stability that remains rare in the broader emerging Asia context. This strength is underscored by Singapore’s top-tier credit ratings of Aaa from Moody’s and AAA from S&P, as mentioned by the Monetary Authority of Singapore (MAS).

Asia’s Stable Investment Haven​

Singapore consistently ranks as one of Southeast Asia’s top recipients of foreign direct investment (FDI). According to the World Bank, as quoted on CNBC, FDI as a percentage of GDP in Singapore is among the highest globally, reflecting its status as a safe and stable destination for international investors.

Morgan Stanley has described Singapore as an “illiquid safe haven,” highlighting its appeal to investors seeking stability in Asia, as quoted in the above-mentioned CNBC article. According to Morgan Stanley, the MSCI Singapore Index may double in value by 2030 as Singapore enters what the firm calls “a new era of wealth creation.”

https://finance.yahoo.com/news/singapore-etfs-next-asia-allocation-173900455.html

 

[k1976]

An illiquid safe haven is a
stable asset or market used to preserve wealth during turmoil that cannot be quickly converted to cash without significant price losses or delays. Unlike liquid havens (gold, USD), these include real estate or private equity, offering security but limited flexibility and high exit barriers.

 

[myfoot123]

The Nipah India Virus will push the property and rental price up again.

 

[ftan42]

High inflation drives the appreciation of property prices, and since Singapore is considered a safe haven, it attracts wealthy foreign investors looking to park their money in these assets. Once a loan is approved, the bank generates the funds from "thin air" or digitally and records them as a "debit" in its books. The money is then paid to the property seller, becoming highly liquid cash that is added to the M2 money supply. This cash can be immediately used for transactions via checks, debit cards, electronic transfers, or kept as deposits in the bank to earn interest. The bank retains a minimum reserve of 5% or 10%, while the remainder can be loaned out.
Also not AI generate except chk for grammar