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Old 13-06-2019, 03:23 AM   #1154
Senior Member
Join Date: Aug 2011
Posts: 2,192
The more people buy now, the worse the crisis (if any) will be as more default on their loans.

True that there is a lot of uncertainly now, no one knows, there has been much talks of recession these few years.
Actually the less people buy, then developer will bid lower for land, then government will say developer bid lower than reserved price so dun wan sell, then less supply and slowly all leftover units get sold out with replenishment. If not, government will remove cooling measures and units will start selling and developers will still bid for land at sky high price. To me, it is a cycle. Unless government is ok to sell the land at lower prices which means lesser profit for the government too..
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