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Old 13-06-2019, 08:46 AM   #1156
annetyu
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Join Date: May 2018
Posts: 1,650
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..
Was referring to an economic crisis not limited to the property market but affects other investments and people's income.

But you are right. We have seen the site near sims urban oasis sold for a relatively low rate recently.
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