Unidentified 1st Gear January 10, 2012 Share January 10, 2012 (edited) "http://www.propertyguru.com.sg/property-management-news/2012/1/32057/s-pore-property-prices-to-decline-12-5-in-2012?cmp=topc&src=fp" this time don't know how many people are going to jump down from their overly inflated HDB flats bought within these few years..850k HDB flat in marine parade? Edited January 10, 2012 by Unidentified ↡ Advertisement Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged January 10, 2012 Share January 10, 2012 "http://www.propertyguru.com.sg/property-management-news/2012/1/32057/s-pore-property-prices-to-decline-12-5-in-2012?cmp=topc&src=fp" this time don't know how many people are going to jump down from their overly inflated HDB flats bought within these few years..850k HDB flat in marine parade? Bro Bishan already > $1mirrion flat... we have arrived at the swiss cost of living ! Link to post Share on other sites More sharing options...
Csnewbie 1st Gear January 10, 2012 Share January 10, 2012 new HDB got deflate?? must sync mah [:p] Link to post Share on other sites More sharing options...
Unidentified 1st Gear January 10, 2012 Author Share January 10, 2012 Bro Bishan already > $1mirrion flat... we have arrived at the swiss cost of living ! that slipped my mind. wondering how are the "occupants" that bought those million dollars HDB flats now.i hope they bought the flats using $ won from singapore pools / casinos. if not,the $ paid every month is going up in smoke. Link to post Share on other sites More sharing options...
Jasonjst 3rd Gear January 10, 2012 Share January 10, 2012 "http://www.propertyguru.com.sg/property-management-news/2012/1/32057/s-pore-property-prices-to-decline-12-5-in-2012?cmp=topc&src=fp" this time don't know how many people are going to jump down from their overly inflated HDB flats bought within these few years..850k HDB flat in marine parade? aiyo 20% drop only what , ie 90K only mah , not even the price of a Toyota . Best is drop like 50% to be realist level , HDB should be less that 400K inorder for ordinary folks to aford. Link to post Share on other sites More sharing options...
Little_prince Supersonic January 10, 2012 Share January 10, 2012 aiyo 20% drop only what , ie 90K only mah , not even the price of a Toyota . Best is drop like 50% to be realist level , HDB should be less that 400K inorder for ordinary folks to aford. probably only poor people like you who dont own a house or a flat would think that way... Link to post Share on other sites More sharing options...
Sk65 1st Gear January 10, 2012 Share January 10, 2012 Bro Bishan already > $1mirrion flat... we have arrived at the swiss cost of living ! btw, swiss fish fillet meal (NO upsize yet) cost SGD15 can't imagine that day, Link to post Share on other sites More sharing options...
Jasonjst 3rd Gear January 10, 2012 Share January 10, 2012 (edited) probably only poor people like you who dont own a house or a flat would think that way... Fortunately I am poor enough cannot afford to own one of those million dollar HDB pigeon hole , haha ! Mine was like 170K only , size of a EA. Edited January 10, 2012 by Jasonjst Link to post Share on other sites More sharing options...
Unidentified 1st Gear January 10, 2012 Author Share January 10, 2012 aiyo 20% drop only what , ie 90K only mah , not even the price of a Toyota . Best is drop like 50% to be realist level , HDB should be less that 400K inorder for ordinary folks to aford. 1mil drop 20% so probably fetch about 800K. so the first few years of servicing the loan went into thin air,not to add in other costs like interests? well,more good years ahead i suppose. Link to post Share on other sites More sharing options...
Sk65 1st Gear January 10, 2012 Share January 10, 2012 probably only poor people like you who dont own a house or a flat would think that way... hahah agreed, if drop 50% bedok can start building leading pipe+filter system for reservior and cremetorium next door Link to post Share on other sites More sharing options...
Roh96 6th Gear January 10, 2012 Share January 10, 2012 "http://www.propertyguru.com.sg/property-management-news/2012/1/32057/s-pore-property-prices-to-decline-12-5-in-2012?cmp=topc&src=fp" this time don't know how many people are going to jump down from their overly inflated HDB flats bought within these few years..850k HDB flat in marine parade? Most of the resale flats are bought by PR. They are rich, don't have to worry for them. Link to post Share on other sites More sharing options...
Sabbie Clutched January 10, 2012 Share January 10, 2012 bluff one la, the only way for property is up!!! Link to post Share on other sites More sharing options...
Roh96 6th Gear January 10, 2012 Share January 10, 2012 "http://www.propertyguru.com.sg/property-management-news/2012/1/32057/s-pore-property-prices-to-decline-12-5-in-2012?cmp=topc&src=fp" this time don't know how many people are going to jump down from their overly inflated HDB flats bought within these few years..850k HDB flat in marine parade? Frankly speaking, i doubt the property prices will drop that much. As long as interest rate remain low and no recession, ppl still have holding power. Link to post Share on other sites More sharing options...
Jasonjst 3rd Gear January 10, 2012 Share January 10, 2012 (edited) Frankly speaking, i doubt the property prices will drop that much. As long as interest rate remain low and no recession, ppl still have holding power. Why not , yesterday Asiaone say a lot of people cancel booking of condos , willing to forgo option fee of up to 20K leh . They dont wish to hold on to the baby . If property stock have fallen 50% , property should follow soon , the lag is normally 6 months. Edited January 10, 2012 by Jasonjst Link to post Share on other sites More sharing options...
SimonTan 2nd Gear January 10, 2012 Share January 10, 2012 Will it recover from the 20% drop? Of it can recover,say by 2010, then what is the worry? Only those who intend to flip within these three years might face some losses. Even so, it's just $200,000 loss for a $1million property. That is nothing to cry about at all. Flippers will likely have 2 pr more properties, and most would have made more than $200,000 flipping properties in the last ten years. I got the feeling that panic will not set in even if it drops 40%.If and only if it can recovers. We all know by 2016..... The HDB and properties price will magically recovers, or at least rising. And come 2020 whoe knows the HDB might worth $1.5million. All of us citizens need to unite, work together, and built a better future for our children. Link to post Share on other sites More sharing options...
Little_prince Supersonic January 10, 2012 Share January 10, 2012 Fortunately I am poor enough cannot afford to own one of those million dollar HDB pigeon hole , haha ! Mine was like 170K only , size of a EA. no lah. don't mean it that way lah. i mean that if really property crash , it doesnt help anyone.... dont be too myopic Link to post Share on other sites More sharing options...
Mustank Hypersonic January 10, 2012 Share January 10, 2012 Why not , yesterday Asiaone say a lot of people cancel booking of condos , willing to forgo option fee of up to 20K leh . They dont wish to hold on to the baby . If property stock have fallen 50% , property should follow soon , the lag is normally 6 months. today newspaper also got say some developer absorbing the additional 3%. Lets continue to wait! Maybe cen get better prices! Link to post Share on other sites More sharing options...
Altivo 3rd Gear January 10, 2012 Share January 10, 2012 Prices should climb slower or remain flat. I don't foresee it plunging. Corrections if any would be gradual.... ↡ Advertisement Link to post Share on other sites More sharing options...
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