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Old 14-02-2020, 06:42 PM   #187
Senior Member
Join Date: Oct 2019
Posts: 853
Sad to say that this are the current market pricing for new EC ady.. even if market crash, government will not release anymore land for sale until the market picks up.. ultimately, if the pricing doesnt hit the min reserve price, the land sales wont be triggered in the first place.. and if the developerís land bank ady running low, then they will bid aggressively for land.. whether to wait further or to buy now, the decision is up to the buyers..
No worries. Developers have been bidding way above the reserve price and the government has been laughing to the bank.

As said before, developers created this oversupplied and weak property market themselves, don't expect anyone to rescue them. SInkies pay lesser for properties and more on goods and services, government more than happy.
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