Which Direction Will Property Prices Go ?

Passerboy

Supremacy Member
Joined
Jul 5, 2019
Messages
5,959
Reaction score
297
Aren’t the conclusion always the same? Just buy no need to think coz prices will go up
The conclusion is prices will continue to go up albeit more gradual perhaps. The current Low interest rate environment is a good reason to upgrade/buy.
 

Mokette

Member
Joined
May 21, 2021
Messages
160
Reaction score
16
The conclusion is prices will continue to go up albeit more gradual perhaps. The current Low interest rate environment is a good reason to upgrade/buy.
Agree, I just think that the growth should not be as fast as below now...
 

Passerboy

Supremacy Member
Joined
Jul 5, 2019
Messages
5,959
Reaction score
297
Agree, I just think that the growth should not be as fast as below now...
Yup. Recent land bid prices and data seems to show this trend. I think the resale price gap and new launch should close moving forward.
 

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
16,543
Reaction score
385
now rental rates also rising, will lend support to runaway prices.

Mortgage loan still at 1.1% so theres low cost of financing, deposit rates are near 0.5% so cash rich investors chasing yield, rising rental rates will only improve gross rental yield help to reinforce the real estate prices.

Doesnt help when you have developers like forett raising prices by 3% last week
 

wetdreamx

Arch-Supremacy Member
Joined
Dec 26, 2007
Messages
11,999
Reaction score
131
Ya will never loss ya, hehe !
b8e0f1-G-L-18May-IWA-.jpg
 

zaclee

Member
Joined
Jun 6, 2004
Messages
202
Reaction score
62
Private home sales in May 2021 has (expectedly) dropped, by about 30% compared to Apr 2021 (about 860 units vs 1260 units in Apr). Comparing YOY, sales is 77% higher.

Pretty strong results still surprisingly… despite lesser new projects launched, and that half the month is effectively lost due to Heightened Alert. (y) I would have expected a much larger decline.
 

Passerboy

Supremacy Member
Joined
Jul 5, 2019
Messages
5,959
Reaction score
297
Ship has sailed :o Wait for next correction :o
Indeed. Think both new launch and resale if we compare to prices in 2020 when the pandemic was bad, the ship had sailed but if not now then never. The ship may have gone further from dock aft 2021.
 

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
16,543
Reaction score
385
if you look at sti 2400-2500 mid last year, those who missed the bottom would say boat has sailed at 2800+, but it sail all the way till 3150 today. its easy to say boat has sailed on hindsight, but one never know if today is peak or trough of economic cycle.

Usually economic recovery last about 3-5 years per average, and the last one was 10 years. Personally i take the view this is the start of recovery rather than the end, and the opportunity cost of missing out on an upcycle and staying uninvested is just too high.
 

1993newbie

Supremacy Member
Joined
Jun 19, 2018
Messages
5,571
Reaction score
116
Indeed. Think both new launch and resale if we compare to prices in 2020 when the pandemic was bad, the ship had sailed but if not now then never. The ship may have gone further from dock aft 2021.
Q1 2020 vs Q1 2021, 6.6% increased overall

 

1993newbie

Supremacy Member
Joined
Jun 19, 2018
Messages
5,571
Reaction score
116

rlskyline

Senior Member
Joined
May 21, 2012
Messages
733
Reaction score
69
if you look at sti 2400-2500 mid last year, those who missed the bottom would say boat has sailed at 2800+, but it sail all the way till 3150 today. its easy to say boat has sailed on hindsight, but one never know if today is peak or trough of economic cycle.

Usually economic recovery last about 3-5 years per average, and the last one was 10 years. Personally i take the view this is the start of recovery rather than the end, and the opportunity cost of missing out on an upcycle and staying uninvested is just too high.
yup I have not seen such a market before in a recession
 

arctician

Arch-Supremacy Member
Joined
Oct 12, 2003
Messages
16,543
Reaction score
385
yup I have not seen such a market before in a recession
same here, usually stock market always lead economy by 3-6 months which will in turn lead real estate by similar period. Currently economy yet to fully rebound but you see real estate moving ahead of curve already
 

scanner007

Senior Member
Joined
Dec 28, 2020
Messages
827
Reaction score
117
The conclusion is prices will continue to go up albeit more gradual perhaps. The current Low interest rate environment is a good reason to upgrade/buy.
If there is an inflation spike, likelihood that hard asset will also appreciate more.
Of course this must be accompanied by country economic growth.
 
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