Singapore Home Prices Have Longest Drop in Almost 2 Decades

[krafty]

“Prices will continue their slide this year as the government has said it’s too early to remove the curbs,” said Nicholas Mak, an executive director at SLP International Property Consultants in Singapore. Mak estimates prices could decline from 2 percent to 5 percent in 2016.

Kwek Leng Beng, the billionaire executive chairman of City Developments Ltd., which built luxury condominiums such as the St. Regis Residences near the Orchard Road shopping belt, said in February he is expecting the government to remove stamp duties on home purchases.
The government needs to calibrate the cooling measures to engineer a soft landing, the Real Estate Developers’ Association of Singapore President Augustine Tan said in February.

http://www.bloomberg.com/news/artic...ices-have-longest-slide-in-almost-two-decades

 

[krafty]

doesn't make much cock sense, gahment 'd rather see outflow of money to buy overseas property rather than keeping the money invested in sinkieland. even foreign investors are reluctant to pour in money dues to ABSD. instead of ministars:kma: fixing the economy, they are fixing themselves up!

 

[frenchbriefs]

When is isis going to attack this island and lower property prices?

 

[JohnTan]

Property prices here are too darn high. It has grown faster than the wages of most sinkies though not mine. Better margin of safety if we allow the property to drop further before buying. There's some shophouses I have been eyeing. They will fetch good rental income.

 

[Thick Face Black Heart]

“Prices will continue their slide this year as the government has said it’s too early to remove the curbs,” said Nicholas Mak, an executive director at SLP International Property Consultants in Singapore. Mak estimates prices could decline from 2 percent to 5 percent in 2016.

Kwek Leng Beng, the billionaire executive chairman of City Developments Ltd., which built luxury condominiums such as the St. Regis Residences near the Orchard Road shopping belt, said in February he is expecting the government to remove stamp duties on home purchases.
The government needs to calibrate the cooling measures to engineer a soft landing, the Real Estate Developers’ Association of Singapore President Augustine Tan said in February.

http://www.bloomberg.com/news/artic...ices-have-longest-slide-in-almost-two-decades

Home prices go up by 100%, and then you complain about a 2% decline.

No different from those stock analysts who cry mother and father after a 50 point drop in the S&P. No sense of perspective or proportion.

 

[Leongsam]

I thought Singaporeans were complaining about high real estate prices. The government has brought them down as requested.

That is why I always maintain that the PAP is the best.

 

[452SAR]

Ever surging property prices allow the old to offload their property at a hefty profit and downgrade to a smaller or outskirt unit for cosy retirement.

Let the young bail out the old.

 

[winnipegjets]

When is isis going to attack this island and lower property prices?

Sinkapore could be honoured being the first country to receive an ISIS nuclear attack?

Property prices will sure go down by double digit.

MIW will run road using SQ A380.

 

[Hans168]

screw all the kateks or flippers