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Properties are oversupply, prices are coming down

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Old 11-12-2019, 03:14 PM   #1
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Properties are oversupply, prices are coming down

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Old 11-12-2019, 03:50 PM   #2
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Said many times before new launch prices are too high, no reason for new launch prices to keep rising when resale market is so dead. These buyers are going to suffer buyers' remorse very soon when developers are forced to drop prices for these overpriced new launches.
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Old 11-12-2019, 03:59 PM   #3
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Some really lousy location new launch surely have to give big discount to move units. The normanton park sure lose money big time.
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Old 11-12-2019, 04:12 PM   #4
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Some really lousy location new launch surely have to give big discount to move units. The normanton park sure lose money big time.
This depends on the selling price, they are near to Kent Ridge Area and likely to ride the GSW hype though I agree the location ainít fantastic.
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Old 11-12-2019, 04:13 PM   #5
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The noises are certainly getting louder.

IMO, keep your money for now, stay liquid, and see what develops in the pty front.
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Old 11-12-2019, 06:49 PM   #6
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All developers need to do is to stroke the fomo effect more.

1. Raise price
2. Say because land price bought high, so no choice.
3. Publish research say ppty prices will still go up.
4. Send research to all agents. Do it frequently enough (ie weekly) and they will buy the argument.
5. Raise price, then say "see lah, ah gong wrong. Price go up liao. Quick buy!"
6. Rinse and repeat process.
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Old 11-12-2019, 07:12 PM   #7
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All developers need to do is to stroke the fomo effect more.

1. Raise price
2. Say because land price bought high, so no choice.
3. Publish research say ppty prices will still go up.
4. Send research to all agents. Do it frequently enough (ie weekly) and they will buy the argument.
5. Raise price, then say "see lah, ah gong wrong. Price go up liao. Quick buy!"
6. Rinse and repeat process.
WW3 coming liao,how?
worldwide hot money will all come to hide in SG soon pushing up everything including properties even HDB and car and food prices
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Old 11-12-2019, 07:27 PM   #8
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All developers need to do is to stroke the fomo effect more.

1. Raise price
2. Say because land price bought high, so no choice.
3. Publish research say ppty prices will still go up.
4. Send research to all agents. Do it frequently enough (ie weekly) and they will buy the argument.
5. Raise price, then say "see lah, ah gong wrong. Price go up liao. Quick buy!"
6. Rinse and repeat process.
Really cannot understand why people happily pay for the mistake of developers who were being greedy and bidding sky high prices in GLS... Then agents will come tell us "no way developers will lower price coz not earning much".. in the first place, that's their problem leh..
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Old 11-12-2019, 07:48 PM   #9
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Really cannot understand why people happily pay for the mistake of developers who were being greedy and bidding sky high prices in GLS... Then agents will come tell us "no way developers will lower price coz not earning much".. in the first place, that's their problem leh..
It's all about expectation and prices comparisons.
just like an art piece can be auctioned for 9 digits USD can you understand?
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Old 12-12-2019, 12:19 AM   #10
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It's all about expectation and prices comparisons.
just like an art piece can be auctioned for 9 digits USD can you understand?
i not conspiracy theorist but i sincerely believe art is for money laundering nia
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Old 12-12-2019, 12:38 AM   #11
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If got $$, can keep buying properties. See those ppl bought 20 yrs ago all earn big time. At that time those who say wah expensive, buy for what, now all chui tad lan. Some even say “i should have bought that time” etc.
All boils down to affordability...
If cannot afford, cannot tahan 20-30yrs, then dun buy and dun make noise...
If can afford, but die die dun buy, then is call kum lan...
If can afford, choose wisely and buy, is clever
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Old 12-12-2019, 12:48 AM   #12
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Its a fact that Developers are out to earn $ from building. If they drop price and sell at losses, then u should be the one worrying. If they raise prices and sell, they not worried abt not selling all the units and pay for absd and QC etc. they have the $$ to pay, and keeps building and keeps selling...
Pricing strategies... overall they know how to cut losses and get profits at different times...
So what if u buy’high liao, then they drop prices...its only a matter of time u be earning fm your property... unless cannot tahan. Invest in properties are not speculating. It takes time...
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Old 12-12-2019, 02:20 AM   #13
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WW3 coming liao,how?
worldwide hot money will all come to hide in SG soon pushing up everything including properties even HDB and car and food prices
then huat ah!
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Old 12-12-2019, 02:21 AM   #14
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Really cannot understand why people happily pay for the mistake of developers who were being greedy and bidding sky high prices in GLS... Then agents will come tell us "no way developers will lower price coz not earning much".. in the first place, that's their problem leh..
Because of reason 3, 4, and 5.
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Old 12-12-2019, 06:08 AM   #15
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those who bought during the high prices few years back...欲哭無淚?
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