No more property discussions ?

[trevallyo]

No one talking abt property recently ? so quiet.

anyways saw this article dated a few month back talking about wow so cheap, rare find , super reasonable, good buy , below 1 million... super roll eyes..

one of the very important lessons growing up is learning to differentiate between paid advertising/marketing and independent reviews.. like some forumers here always say , dont ask your barber if you need a haircut

https://www.iproperty.com.sg/news/1...ook&utm_medium=cpc&utm_campaign=news_insights

 

[Mergui219067]

Those 616 buyers & many potential buyers are not here for sure .


Developers in Singapore sold 616 private homes last month, making for a 64.3 per cent fall from the 1,724 units they moved in July and a 50.6 per cent drop from the 1,246 units booked in August last year.
https://www.straitstimes.com/busine...new-private-home-sales-down-64-in-august-from

 

[Mergui219067]

No big discounts as some here were looking for .

Private condo resale prices down 0.2% in August.
https://sbr.com.sg/residential-property/news/private-condo-resale-prices-down-02-in-august-0

 

[NewInvestor]

I am still waiting for the big discounts. Just go to sleep until that day comes by.

 

[Localborn]

I'm looking at jadescape and sterling residences. But are developers giving discounts currently? Agents claim in Google advertisements that got absd discounts lah, 1% extra discount lah. But when I was at showflat told me no discount leh (different agent - one assigned to me at showflat. Why like that?

 

[peacefulday]

I'm looking at jadescape and sterling residences. But are developers giving discounts currently? Agents claim in Google advertisements that got absd discounts lah, 1% extra discount lah. But when I was at showflat told me no discount leh (different agent - one assigned to me at showflat. Why like that?

hardly will get a 'true' discount especially for those new launch and good location

 

[Toni90]

I'm looking at jadescape and sterling residences. But are developers giving discounts currently? Agents claim in Google advertisements that got absd discounts lah, 1% extra discount lah. But when I was at showflat told me no discount leh (different agent - one assigned to me at showflat. Why like that?

First time u go buying house?

 

[BBCWatcher]

What invariably happens after a new/higher real estate market cooling measure — in this case the literally overnight ABSD hike in July, 2018 — is that the cooling measure works, just as designed. Sales volumes dry up, and property agents don’t enjoy their commissions and bonuses. So here we are, no surprise.

Then it takes a while for prices to adjust, sometimes even years as the 2012-2017 period demonstrated. Interest rates are also starting to creep up, so that’ll tend to tamp down demand.

 

[Mecisteus]

The government has made it clear that they won't allow property prices to escalate too fast.

In fact, no government in the world would like to see their prime land prices to go up too fast.

So for those who are buying a property as an investment, better think carefully.

For own stay, then purchasing one shouldn't be a big concern. Just get 1 that fits your budget.

 

[trevallyo]

I am still waiting for the big discounts. Just go to sleep until that day comes by.

waiting for discounts too, else the current entry prices makes no investment sense less you can dig out a hidden desperate gem.

 

[trevallyo]

the disappearing era of low interesting rates is starting to sink in as reality for many..hope it doesn't shock the first time buyers too much.

 

[havetheveryfun]

property discussions are everywhere... including in non-property related threads.. dont know why you cant see it.

 

[minamikaze]

The 12% ABSD is really a downer. Feels like they slammed the brakes too hard. I did get my 2nd property half a year before this and though the values seem to have gone up significantly since then, the ABSD is sure to put a damper on the prices. Just hope my tenants stay for another couple years.

 

[havetheveryfun]

The government has made it clear that they won't allow property prices to escalate too fast.

In fact, no government in the world would like to see their prime land prices to go up too fast.

So for those who are buying a property as an investment, better think carefully.

For own stay, then purchasing one shouldn't be a big concern. Just get 1 that fits your budget.

all these pro property guys want to see their children forking out over a million for a 4-room HDB flat... really...

 

[BBCWatcher]

all these pro property guys want to see their children forking out over a million for a 4-room HDB flat... really...

Well, Singapore’s birth rate is world class low. It all fits together, doesn’t it?

 

[minamikaze]

Well, I'm not from a rich family background, but managed to climb my way up to buy private properties. I'm a believer that one needs to make their own way in life, not wait for society or the government to set things right for them.

 

[revhappy]

We need a thread for Sydney property crash. Next is Hong Kong's turn. Who wants to short?

Sent from Dont Take Any Of My Statment As Investment Advice. Do Your Own Due Diligence. using GAGT

 

[Mecisteus]

You should just ask them to question their GLCs - why the rentals of their properties keep going up like no tomorrow?

Like that how to cool property prices?

Market forces will adjust the rental.

You can already see there are many empty shops in shopping malls.

Rentals cannot escalate too much in the long term without any significant change in fundamentals or economy.

 

[Mergui219067]

Singapore fair value: https://www.cnbc.com/2018/09/27/ubs-real-estate-bubble-index-reveals-property-crash-risk.html

 

[Mergui219067]

2% also crying meh ?

Malaysia 5% hor .

the disappearing era of low interesting rates is starting to sink in as reality for many..hope it doesn't shock the first time buyers too much.