Northwave and Parc life launch were far worse. Like 10% sold.
Agreed that those two ec launches were worse. I was referring to the more around the area of Hougang Sengkang Punggol.
Developers only have max 2 years after TOP to sell else face tough penalties. But Sg has not reached it yet as the cooling measure is new. Give more commission to agents also useless if priced too high and no one wants. Of course if buyers still got massive cash pile then still can keep buying it up.
Add that to more launches over next 2 years. Developers aren't even interested on doing much en bloc again after 2017 as they know there are too many new launches coming up. The demand has to come from somewhere.
Every type of investment has cycles. Prices climb a wall of worry.
Not many can average down on property. That's why it is always a "long term investment" if they get stuck. The last time it happened is in the 1990s.
Of course, the cliche by bulls will always be "this time is different". It could be. I'm just a nobody, what do I know right?
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