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Old 26-02-2020, 08:59 PM   #288
Passerboy
Senior Member
 
Join Date: Jul 2019
Posts: 2,432
People are still buying at these prices. That's why Singaporeans are really rich.

Man, EC launches should be raised further to $1200 or $1300 psf, and eventually even hit $1600 psf to be similar to SKG launch price, since people are willing to pay higher and higher.

Agents earn more since it is % commission, developers earn more. Buyers also have more paper gains. Everyone wins in this win-win situation!
Not possible for EC to reach $1600psf in 10 years, cos EC is tied down by MSR and individuals are not able to loan as much to buy an EC as compared to a PC, unless there are changes to loan restrictions, but I would think in due time it could be close to $12xxpsf.
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