Sentiments and economic condition is generally down. So I guess people are trying to talk it up?
Good luck.
From business times:
Resale prices of condominium units in Singapore dipped again in July for the second consecutive month, while volume of sales surged by almost one-third, according to monthly figures.
Overall condo resale prices were down 0.5 per cent in July from the previous month. June had seen a 0.4 per cent decline from the peak in May, breaking an upward trend that had lasted four months.
Prices in the city fringes, or rest of central region (RCR), posted the biggest drop of 1.1 per cent in July, while prices for the suburbs or outside central region (OCR) retreated 0.3 per cent.
Prices in the core central region (CCR) inched down by 0.1 per cent month on month.
The softer prices in all three market segments of CCR, RCR and OCR could be due to the increase in supply of new homes.
Many new projects were launched in recent months, and the rising competition for potential buyers probably caused some sellers to lower their asking prices for their resale homes.