Price decreasing for singapore property !

Guest · on *06 Aug 08 10:28 pm*

Believe it or not, Singapore is mature market and we will see the correction soon. The current sky-high prices make Spore less competitive in attracting foreigners on which our economy heavily relies. What should government do to attract more talents? You got the answer.

Guest · on *06 Aug 08 10:32 pm*

Some of the action that government has taken to cool the private properties maket is good and the cooling of properties is progressing well. Some of the prices are started to go back to more reasonable price and the drop will be progressive and most of us are sure that the government will monitor.

Just to be aware that some properties went sharply up for more then 30-40% and those are the one that will have free fall and buying them now can get you into trouble. Just be aware.

There are also sellers out that are become more reasonable so it's a shame that the hot potatoes sellers get everyone into trouble

Guest · on *06 Aug 08 10:42 pm*

Yes sellers are desperate. The market is bound for a massive correction.

Guest · on *07 Aug 08 10:13 am*

Spore govt has said that they won't even bail out banks, much less a property crash. Anyway, if property market crash, it'll just be a transfer of wealth from one group to another, like what happened in 1997 to 2004. Why should the govt be concerned about that? The banks in Singapore are extremely prudent with their lending now. If anybody's got to suffer in a market crash, it'll be the speculators who are betting that ppl will go on buying at higher and higher prices even when it longer makes sound financial sense. Property price for high end has surged as much as 70% and for the mass market, as much as 50%. A correction of 40% is reasonable. Definitely any further increase would be unsustainbale by real economic growth. That's the sort of bubble govt doesn't want to see, and we can be sure the govt will come in prick such bubble if it happens again.

Guest · on *07 Aug 08 10:34 am*

Why DIVA apply different tactics again hah.....first C&P from all over the world for more than 1 year......... then post "Market fall", "DOWN DOWN DOWN" "40% DOWN" "world recession" "Flipper jump DOWN" "Flipper Dead meat" kind of comments.....

Singapore property market still holding strongly... why ???? if singapore is make up of DIVA ppl... then singapore property market sure down for more than 40% .....DIVA and FOLLOWER are the lowest level of ppl who can't even afford to buy a HDB flat, only renting only....!!!!

Guest · on *07 Aug 08 11:30 am*

Guest · on *07 Aug 08 11:45 am*

Guest · on *07 Aug 08 12:37 pm*

Abandon Ship Laughing

Guest · on *07 Aug 08 2:50 pm*

Finance Minister Tharman says economic growth may remain weak
By S Ramesh, Channel NewsAsia | Posted: 07 August 2008 1319 hrs

Tharman Shanmugaratnam

SINGAPORE: Singapore's Finance Minister Tharman Shanmugaratnam cautioned on Thursday the country's economic growth may remain weak for some time.

The minister was speaking at ST Aerospace's national day observance ceremony.

Mr Tharman said that these are challenging times with growth slowing down around the world, and Singapore should be prepared for weakness in its own economy for several quarters.

Economic planners around the world are closely watching the American economy, Mr Tharman continued to say.

"It is still moving down the cycle,” he said. “Some people say it will take as much as another year before the bottom is reached.

“We have to expect continued weakness in the global economy which might extend into next year and we won't be able to avoid a slowdown if that happens."

“The situation now is different from what it was three months ago. The American economy is in a much more perilous state now and the risks facing the financial system, which is a global system and not just an American system, are still very substantial.”

Mr Tharman also said he expects inflation to ease towards the end of the year, not just because of declining oil prices.

"Food prices have also somewhat levelled off. So our expectation is we should be within our latest inflation forecast of six to seven per cent - lower inflation at the end of the year compared to what we saw in the first half of the year.

"Singaporeans can expect to hear more about the state of the economy in the next few days. The Prime Minister is expected, in his televised National Day message to give an update on growth forecasts for the year."

Meanwhile, Mr Tharman said he is confident that Singapore still remains a strong and fit economy, with investments still coming into the country.

Guest · on *07 Aug 08 3:35 pm*

I see a definite pattern of ppl who keeping losing money in their investment: When price is going up, they think price will keep going up, so wait and when price is going down, they think better hold because if they sell they'll lose money... so in the end whether price is going up or down, they'll keep waiting. HOW TO MAKE MONEY?

CASH IS STILL KING when the recession comes and it's coming very soon

Guest · on *07 Aug 08 5:17 pm*

Guest · on *07 Aug 08 7:40 pm*

Guest · on *07 Aug 08 7:41 pm*

Dreaming flippers call themselves rich
Although they find themselves in deep sh*t
One by one they fell in heaps into the deep ditch
And curse and curse followers till their mouths need a stitch
No hope for flippers... they are dead and burnt like a shorted switch
And soon will be reborn and we will see them as a hungry witch

HAIL KING DIVA!!!

Guest · on *07 Aug 08 8:11 pm*

Guest · on *07 Aug 08 8:18 pm*

Guest · on *07 Aug 08 8:22 pm*

Guest · on *07 Aug 08 8:34 pm*

Interesting to see so many feirce notes. The price will fall for sure but it will take a while before it reaches the bottom. Best time to buy is 2-3 years time and that's also the time closer to Singapore election.

For those who are buying to stay, there are already some reasonable deals out there but if you want the developers to drop too much, that's impossible, only for small developers may be but usually apartments with no full condo facilities. The bigger developers are willing to hold till TOP as they have already got the funding last year from all the folks who brought high.

For those investors who brought high last year and still hold them...too bad, prices will have to be slashed for less profit else they will have problem with the financing once it reach TOPs. One Amber, Seaview are good examples. It will be good if a rich dummy home stayer come along and buy from them and they might still earn a big profit. It's still possible as they are really quite a lot of home stayers out there who can't wait and just want to own a property.

For people who just have to sell now because they need to shift for example their children..too bad...market is bad. Most people already own a house and they are not so keen to invest now unless they really have no place to stay. Don't sell if you can as most buyers will not pay you good $$.

It's bear market for private properties now. HDB still have demand as it's subsidised by government for new couples who need a place to stay.

Guest · on *07 Aug 08 8:40 pm*

Whether you call the economy a downward cycle, a low period or a crash; it means the same thing: property price is very likely going to fall! That's good reason enough not to buy. And that itself is good reason why property price will indeed fall.

Guest · on *07 Aug 08 8:55 pm*

Guest · on *07 Aug 08 9:09 pm*

Price decreasing for singapore property !

Singapore Room & House For Rent, Sale, Buy, & Sell

Price decreasing for singapore property !