Re: Sky Habitat
MW;794845 said:
This is why the gahmen will never take Singaporeans seriously whenever they complain abt inflation and high cost of living and salaries lousy blah blah blah,...cos today they complain, tomorrow they line up buying these overpriced condos and nowdays open market HDB flats at ridiculous prices
Exactly.. 80% of population is complaining... Another 20%(riches) will line up to buy.
Let's have a small discussion here: will property really go down these few years?
Yes depends on what kind of property, district, supply & demand...
As for now what kind of properties is moving well?
1. Industrial
2. Certain new project
3. Landed
Resale markets such as HDB still moving well but drop in COV. But once a while there is some record breaking prices esp opp mrt and less than 10 yrs old unit.
Private condo ESP in D9,10,11&21 is facing demand issue. The price have went down.
As for the rest of district in suburban area is still moving moderately.
Area such as simei, Tampines, Bedok and Pasir Ris units below $1.2m still moving smoothly.
Why? Changi business have a lot of Indians professional working in banking and IT industry. They have realize the price have soften a bit and rental have headed north therefore they start grabbing now.
How we determine what is the trend of the market?
High transaction means good demands
Low transactions means high supply
how come some resale property prices remain strong bcos there is always new project near the vincinity to hold the surrounding neighborhood prices.. If ppl thought suburban properties will fall tremendously.. The ans is NO. If HDB prices remain strong, the low end properties can't be selling cheaper than HDB.
For example:
5rm flat at simei selling $650k and 3bedroom 99yrs simei condo is $750k. Which will u buy?
Just my 2 cents opinion... This is based on how I look at it... Pardon me if I'm wrong
http://blogs.wsj.com/searealtime/2012/04/16/more-risk-in-singapore-housing-market/. Dated: 16 April 2012