Will Home Price Drop???

GUESS · Guest on *28 Nov 07 12:12 pm*

Can any expert share with us if the US subprime issue & fallen of stocks affect the home price in singapore? Question

Guest · on *28 Nov 07 12:15 pm*

dunno......

Guest · on *28 Nov 07 12:18 pm*

this post is for expert only...

Guest · on *28 Nov 07 12:59 pm*

If one can predict accurately....won't be wasting time replying to you or posting here...

Guest · on *28 Nov 07 1:02 pm*

Guest · on *28 Nov 07 1:06 pm*

These are my personal views....

Private : Should be going down but don't think it will be crashed. But high end should continue to be trending upward. Low end are over supply and with Government stepping in to "interfer" so upside is limited.

HDB : Valuation should be stablizing with COV trending downward. Once the low end stop moving, HDB price will go down. But don't expect drastic drop.

Guest · on *28 Nov 07 1:12 pm*

sorry, but how to define high/low end?..

Guest · on *28 Nov 07 1:22 pm*

Excuse me

how many topics have been created all related to this

This is the 3232223 !!!!!

Why cant just stick to one topic

all should i say that it is alll created by the same person

Guest · on *28 Nov 07 1:28 pm*

We just hope to see more mature study on curent market condition. Not hoping to ceate any arguement or hostile posting harming one another.

Guest · on *28 Nov 07 1:41 pm*

Just my personal view...

If subprime issue in the US, impact is not great on our home prices, just some correction as the price are supported by continue grow in S'pore, very low unemployment rate, consumer spending still strong, IR, F1, tourism, etc.
Thereafter the price will stable & climb moderately as the subprime issue will eventually over.

Guest · on *28 Nov 07 2:35 pm*

Those fools are saying subprime not going to affect Singapore. It willdefinetely affect us because US will go into recession because of subprime. Sell what ever you have except yr backside. that is my advice!

Guest · on *28 Nov 07 3:09 pm*

I chance upon this page, New York reuters reported :- Home price drop largest on record. I don't think we will be exempted. Looking at the great impact on leading countries...

Guest · on *28 Nov 07 3:26 pm*

Guest · on *28 Nov 07 3:57 pm*

I chose to sell my private condo last month and manage to get a good price as I m not veri optimistic about the property market.....

Guest · on *28 Nov 07 7:54 pm*

Guest · on *29 Nov 07 7:51 am*

Really do not know how many takers are there when there are so many units offer out there? Yes, population are increasing with more foreigners, but are they all that rich to buy at such high price? Yes, there are also enblog with rich cash.... very confusing... n do not know how market nowadays being desribed....... Question

Guest · on *29 Nov 07 11:59 am*

It is easy to understand the mentality of desperate flippers who are of course dying enbloc and enmasse! The cannot tolerate the truth that the market is falling. Because falling prices means they mati!

Guest · on *29 Nov 07 12:59 pm*

Again followers using words to harm on others!

Guest · on *29 Nov 07 11:57 pm*

US Breaking news, will it affect us in Spore???

WASHINGTON, Nov 28 (Reuters) - U.S. existing home sales fell 1.2 percent in October to a record low 4.97 million-unit pace, according to a report on Wednesday that showed the downturn in the U.S. housing market was deepening.

Home prices fell at a record pace and the inventory of homes for sales increased as the housing market felt the pinch of tighter lending standards.

The median existing home price fell 5.1 percent from a year ago to $207,800 and the total housing inventory rose 1.9 percent in October to 4.45 million existing homes for sale, a 10.8 month supply at the current sales pace.

The sales pace was the lowest since the realty trade group began tracking both single-family and condo sales jointly in 1999.

Economists polled by Reuters were expecting home resales to fall to a 5.00 million-unit pace from the 5.04 million-unit rate initially reported for September. The September sales pace was revised to a 5.03 million unit rate.

Lawrence Yun, the NAR chief economist, blamed the poor home selling market on a continuing credit crunch and failing subprime loans that were offered to borrowers despite their shaky credit.

"We caution that yet another year of extended operating weakness could be painful for many builders as liquidity concerns and bankruptcy rumors are already weighing heavily upon investors minds," they said.

What should we do now??? Crying or Very sad

Guest · on *30 Nov 07 12:08 am*

YOu stay up so late just to post this article

and your point is?

Will Home Price Drop???

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Will Home Price Drop???