Which Direction Will Property Prices Go ?

[kpkb]

I think the demand is still very strong. Otherwise how to explain Linq almost selling out on day 1. I can’t believe this when I heard it. There may be reasons for a dip in Oct. If I’m not wrong, there were no big launches in October? Penrose contributed to much of Sep sales? I think if a big launch appears in a good location, the numbers will jump again.

 

[momoeagle]

Likely to continue like this for many months Previously some agents tried to tell me that re-issuing of OTP will not impact much.

Now I'm waiting for them to spin new story to me

The story in the article is knee-jerk reaction

Ms Christine Sun, OrangeTee & Tie’s head of research and consultancy, said the new OTP curbs caused a knee-jerk reaction that resulted in a temporary fall in sales volume.

“As the property market is highly sentiment driven, the pull-back in housing demand is unsurprising. Some buyers could be waiting on the sidelines, hoping that developers will moderate prices in response to the sales decline,” she said.

 

[Polar Bear King]

HDBs also go up up up and away!
No $$ but need big space, then go CCK BTO, or squeeze smaller pigeon hole.

Sinkies deserve the most expensive public housing in the world

BTO won’t rise much
Resale also won’t rise much
There’s always a supply demand balance

 

[momoeagle]

BTO won’t rise much
Resale also won’t rise much
There’s always a supply demand balance

Rise liao. Around my area, BTOs went from $325k to nearly $400k for 5 rm flats over 10 years. 23% increase.

Starting pay for salaries also don't rise so fast.

Ah gong already say before BTO prices cannot be based on market forces (it previously did, that's why the first massive rise).

 

[Polar Bear King]

Rise liao. Around my area, BTOs went from $325k to nearly $400k for 5 rm flats over 10 years. 23% increase.

Starting pay for salaries also don't rise so fast.

Ah gong already say before BTO prices cannot be based on market forces (it previously did, that's why the first massive rise).

Every other thing doubled price in 15 yrs
So BTO still lacks behind by a big gap

In the same 10yrs my salary tripled so BTO is still the best housing option for sinkies lar

 

[momoeagle]

Every other thing doubled price in 15 yrs
So BTO still lacks behind by a big gap

In the same 10yrs my salary tripled so BTO is still the best housing option for sinkies lar

BTOs majority reserved for new couples mah.

So starting salary should be a better gauge. The best housing option is getting overly expensive that ah gong needs to step in with grants liao

 

[Polar Bear King]

BTOs majority reserved for new couples mah.

So starting salary should be a better gauge. The best housing option is getting overly expensive that ah gong needs to step in with grants liao

That’s why I say lor
Sinkies get a BTO live inside lifelong good enough
Don’t think of anything else
Don’t think of selling off own flat

 

[Forever84]

I think the demand is still very strong. Otherwise how to explain Linq almost selling out on day 1. I can’t believe this when I heard it. There may be reasons for a dip in Oct. If I’m not wrong, there were no big launches in October? Penrose contributed to much of Sep sales? I think if a big launch appears in a good location, the numbers will jump again.

People see what they want to believe, that's the funny thing about data and sentiment right

Anyway, I believe market demand still strong, because u need to look at combination of factors including resale volume and as u pointed out new launch. I do think sentiment is shifting to resale and properties closer to TOP because now buyer have to buy/sell in short time frame to avoid absd and many ppl would likely avoid rental

 

[kpkb]

How come no one mention future GST rise will cause further price increases? Even if we don’t need to pay GST on property purchase, the cost to build & market will translate to higher base prices. Even buy old resale property, the agent’s commission will also incur higher GST charge. So both private and HDB prices will rise even without anyone doing anything.

 

[Passerboy]

How come no one mention future GST rise will cause further price increases? Even if we don’t need to pay GST on property purchase, the cost to build & market will translate to higher base prices. Even buy old resale property, the agent’s commission will also incur higher GST charge. So both private and HDB prices will rise even without anyone doing anything.

Increase in GST, raw materials, manpower cost would definitely be the “hidden” cost leading to further increase in property prices but these would be those cost that are more subtle and less explicit. It is like inflation.

 

[wetdreamx]

Increase in GST, raw materials, manpower cost would definitely be the “hidden” cost leading to further increase in property prices but these would be those cost that are more subtle and less explicit. It is like inflation.

So like it or not will rise, earn or no earn is one thing.

 

[Polar Bear King]

See lar
The banker couple bought my cityview so smart. Bought at $950k now valuation gone back up already what COVID-19 no influence lar

shun-poon will always rise in value
lan-poon will always drop in value
it's natural tendency,so pick the right one not the cheap one

 

[pippo20]

Already said before peer pressure is the most impt, u see ur uni friends buy and stay condo u not itchy to stay, ur sinkie dcp gf or wife sure ask u go see showflat, study until uni so hard happy to stay in hdb? Even every sporean kids cheong to study until uni is also peer pressure. The fact is we need another lehman bro big banking collapse or subprime crisis for housing price to drop, so all the bears here pls pray for that cos the covid19 vaccine is coming soon

 

[momoeagle]

That’s why I say lor
Sinkies get a BTO live inside lifelong good enough
Don’t think of anything else
Don’t think of selling off own flat

BTO is "good".
But getting very expensive.

Ah gong discouraging people to get 2nd BTO with high resale levy and higher priced BTO. If first time buy, buy too small or buy wrongly, too bad liao.

 

[momoeagle]

Already said before peer pressure is the most impt, u see ur uni friends buy and stay condo u not itchy to stay, ur sinkie dcp gf or wife sure ask u go see showflat, study until uni so hard happy to stay in hdb? Even every sporean kids cheong to study until uni is also peer pressure. The fact is we need another lehman bro big banking collapse or subprime crisis for housing price to drop, so all the bears here pls pray for that cos the covid19 vaccine is coming soon��

Yay, EC new launches slowly rise to $1.4k psf and eventually $1.8k psf, same as SKG.

HDB BTOs for Punggol can slowly rise to $500k ~ $600k for 5-rm!

 

[Polar Bear King]

BTO is "good".
But getting very expensive.

Ah gong discouraging people to get 2nd BTO with high resale levy and higher priced BTO. If first time buy, buy too small or buy wrongly, too bad liao.

increase difficulty for 2nd timer to get BTO
make sure every couple get 1 BTO only
Sell off can upgrade to EC at most

 

[momoeagle]

increase difficulty for 2nd timer to get BTO
make sure every couple get 1 BTO only
Sell off can upgrade to EC at most

Sell off upgrade to EC, up EC price, up resale levy, make sure most people cannot retire young.

Must make most couples be dual income for the sake of SG economy because SG not enough people. Children can throw to childcare, student care, after school care, schools, grandparents, maids. Don't need to see them or take care of them. Just go and work and be a contributing member of the working population. Like an ant in an ant colony.

No, there's nothing wrong with it. Don't think, don't stop and think. Just go work. It is expected of everyone, nothing wrong. Retire? Don't think of it. 65 years old first.

 

[Polar Bear King]

Sell off upgrade to EC, up EC price, up resale levy, make sure most people cannot retire young.

Must make most couples be dual income for the sake of SG economy because SG not enough people. Children can throw to childcare, student care, after school care, schools, grandparents, maids. Don't need to see them or take care of them. Just go and work and be a contributing member of the working population. Like an ant in an ant colony.

No, there's nothing wrong with it. Don't think, don't stop and think. Just go work. It is expected of everyone, nothing wrong. Retire? Don't think of it. 65 years old first.

Just work and don’t think
And don’t retire
Lifelong learning and working

 

[momoeagle]

Just work and don’t think
And don’t retire
Lifelong learning and working

yup, be a good ideal sinkie.

Even if retrenched at 50 to 60, still can find work.
Lots of security guards and cleaners job open and not enough people to fill the vacancies.

 

[wetdreamx]

yup, be a good ideal sinkie.

Even if retrenched at 50 to 60, still can find work.
Lots of security guards and cleaners job open and not enough people to fill the vacancies.

McDonald’s, esso, condos, industrial buildings.

Wow so many good opportunities!