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Private Property prices......still up or down? Part II

RadX

By RadX,
in Property Buzz

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therock

therock

Supersonic

So those pictures showing showrooms crowded with 2000 or 5000 or 9000 people are actually meaningless.

Developers continue to drum up and keep it going by showing crowded showrooms.

I think most people go there just window shopping and enjoy aircon.

IMHO

The market is cool and you have to make sure you save

But people still have money and they want to invest it

 

But don’t overdo it

 

Also the developers always love to drum up the news

So keep calm and buy if you can really afford it and have a long term aim

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Wind30

Wind30

Turbocharged
(edited)

visiting showrooms has become the past time of many Singaporeans. it's free and sometimes come with free drinks, so why not.

 

anyway it's quite likely prices will stay low or go lower, at least for the near future.

 

I've mentioned it before that the elections are coming and it wouldn't look great if hdb prices are falling and condo prices are moving up some 10% or more right?

 

there are likely political reasons as to the harsh and swift actions if one ponders a little deeper. what's more important is what one does when prices go lower in the next few quarters. laugh that others have bought at higher prices or take actions when prices are down in the next year or so?

 

 

I visited  a lot of showrooms when I was looking to buy resale. Just to see the actual conditions and some decor. In reality, the showrooms are not crowded at all... at least those I visited.

 

I have said the prices have already dropped a month ago. Now sure about other property but for the one I was looking at, to convince a buyer to buy, it will be 5% lower than last transacted. There are a lot of sellers who want to sell at last transacted or higher. These units are on propertyguru for months.

 

But once a while, there is a seller who is REALLY need to sell. 

 

I think we saw the new advert, bargain a bit and agent was interested to close asap. 

Edited by Wind30
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Showster

Showster

Twincharged

Basically no new sites to be enbloc and very few GLS in the years ahead.

 

Whatever is there, slowly sell over next three years pending no new supply (reserve not counted). Reserve will not be activated if there is no developer demand.

 

If global demand flips, interest rate will fall to support current owners. Slight dip possible.

 

If global demand roars or sustains, it will only get costlier to buy (price and interest rate hike combo).

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L23

L23

6th Gear

So those pictures showing showrooms crowded with 2000 or 5000 or 9000 people are actually meaningless.

Developers continue to drum up and keep it going by showing crowded showrooms.

I think most people go there just window shopping and enjoy aircon.

 

Hearsay, 70% of the people inside the showroom are :

1. Bankers

2. Agent

3. Developer

4. Cleaner

5. Nearby estate neighbour

 

If you happen to go in the morning and come back in the afternoon, you might see many familiar faces [lipsrsealed]

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Mercs

Mercs

Hypersonic

https://www.businesstimes.com.sg/real-estate/rv-altitude-fyve-derbyshire-and-fourth-avenue-residences-poised-to-kick-off-2019

RV Altitude, Fyve Derbyshire and Fourth Avenue Residences poised to kick off 2019 launches

Jan 9, 2019

 

(The preview for the Fourth Avenue Residences attracted over 2,000 visitors)

https://www.edgeprop.sg/property-news/niche-pickings-prime-districts

Niche pickings in prime districts

Jan 11, 2019

 

(The crowd at the first weekend of the preview of RV Altitude)

post-18880-0-50741500-1547199056.jpg

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Mercs

Mercs

Hypersonic

I have a feeling the planned includes the reserve sites.

 

Anyone can verify?

50k units may seem a lot, as they're all being cramped up for launch this year, developers to focus on clearing inventory for now.

 

Assuming 10k take up per year, give it some years will have another undersupply situation again.

 

Or why you think got enbloc fever, when there's no change in CM, which made prices UP for 5 consecutive quarters? [;)]

 

So no worries ... who knows, maybe another round of enbloc fever by then? [:p]

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Showster

Showster

Twincharged

50k units may seem a lot, as they're all being cramped up for launch this year, developers to focus on clearing inventory for now.

 

Assuming 10k take up per year, give it some years will have another undersupply situation again.

 

Or why you think got enbloc fever, when there's no change in CM, which made prices UP for 5 consecutive quarters? [;)]

 

So no worries ... who knows, maybe another round of enbloc fever by then? [:p]

Not worrying. Even 60 sites also won’t have 50,000.

 

At most 30,000.

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therock

therock

Supersonic

https://www.businesstimes.com.sg/brunch/the-property-merry-go-round-anomalies-in-the-market

 

Mr Ho of Rajah and Tann also points out that many Singaporeans deterred by the ABSD from investing in residential properties at home have gone overseas - some with not-so-positive outcomes.

 

"Some who bought residential properties in Australia are stuck now because of the market downturn; moreover, second-hand homes can be resold only to Australian nationals and permanent residents. Meanwhile, Iskandar is reeling from oversupply."

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Wt_know

Wt_know

Supersonic
(edited)

can talk until cows come home

but sg property price is rock hard standing

no 3% y-o-y increase no talk

in fact mass market $1M+ new property rise > 3% in absolute value

Edited by Wt_know
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