Properties are oversupply, prices are coming down

Status
Not open for further replies.

d5dude

Master Member
Joined
Nov 30, 2006
Messages
4,269
Reaction score
108
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.
 

pippo20

Senior Member
Joined
Oct 22, 2018
Messages
1,941
Reaction score
48
Some really lousy location new launch surely have to give big discount to move units. The normanton park sure lose money big time.
 

Passerboy

Supremacy Member
Joined
Jul 5, 2019
Messages
5,688
Reaction score
241
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 ain’t fantastic.
 

drkcynic

High Supremacy Member
Joined
Jan 1, 2007
Messages
26,661
Reaction score
809
The noises are certainly getting louder.

IMO, keep your money for now, stay liquid, and see what develops in the pty front.
 

momoeagle

Senior Member
Joined
Nov 1, 2007
Messages
1,789
Reaction score
9
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.
 
Joined
Jun 10, 2013
Messages
76,822
Reaction score
39
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:s8::s8:
 

sgreview

Member
Joined
Sep 7, 2018
Messages
359
Reaction score
0
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..
 
Joined
Jun 10, 2013
Messages
76,822
Reaction score
39
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?:s22::s22:
 

Eraval

Master Member
Joined
Dec 3, 2008
Messages
4,425
Reaction score
0
It's all about expectation and prices comparisons.
just like an art piece can be auctioned for 9 digits USD can you understand?:s22::s22:

i not conspiracy theorist but i sincerely believe art is for money laundering nia
 

Sabrixx

Member
Joined
Sep 9, 2019
Messages
115
Reaction score
0
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
 

Sabrixx

Member
Joined
Sep 9, 2019
Messages
115
Reaction score
0
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...
 

momoeagle

Senior Member
Joined
Nov 1, 2007
Messages
1,789
Reaction score
9
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.
 

mrclubbie

High Honorary Member
Joined
Oct 24, 2008
Messages
196,070
Reaction score
3,529
those who bought during the high prices few years back...欲哭無淚?
 

Shingoz

Arch-Supremacy Member
Joined
Jan 1, 2000
Messages
16,245
Reaction score
0
Chanced upon another piece of more detailed analysis

https://www.99.co/blog/singapore/why-the-current-housing-glut-may-not-lower-property-prices/

"But there are a number of good reasons why – even in the face of a supply overhang – prices are more likely to stay as they are:

-Higher bids and development charges in 2017
-ABSD and QC deadlines don’t always mean desperate developers
-A greater draw for some foreign investors, given economic uncertainty
-There are a lot of potential upgraders in the next two years"

I think this is quite compelling - "Some 50,000 HDB flats will be reaching their Minimum Occupancy Period (MOP) within the next two years. This is a huge number; consider that on most years – such as 2013 to 204 – the number is in the range of about 9,000."
 

xing-heng

Member
Joined
Sep 6, 2019
Messages
208
Reaction score
0
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..
Singaporeans generally not very savvy property buyers. Buying a China developer project is one of the worst decision and yet most do not bother to check on the developer.
 

xing-heng

Member
Joined
Sep 6, 2019
Messages
208
Reaction score
0
Some really lousy location new launch surely have to give big discount to move units. The normanton park sure lose money big time.

Normanton Park location is fine but the bigger issue is the China developer who have a poor track record.
 
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.
Top