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Thread: Is the market losing steam?

  1. #6

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    Quote Originally Posted by Amber Woods View Post
    My reading of the market is that foreign developers started buying up land last year because the Singapore property market was relatively cheaper than HK and China despite all the cooling measures still in place. When the government reduces the SSD to 3 years, developers took the opportunity to stir up the market and suggesting that more measures would be relax since the market had been on a decline since 2013.

    For fear of losing out, local developers also jumped in to buy up land believing that with high price point, they could still pass on the cost to buyers since all developers have to sell at much higher price.

    It will be interesting to see how the market plays out over the next one year.
    For so many years since 2013, can buy don't buy still wait for What?

    Chart don't lie, numbers don't lie, Human who read them Do.



  2. #7

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    2017 is already the third biggest year of en-bloc deals, after 2007, which holds the record at S$12.2 billion followed by 2006, at S$8.2 billion.

    http://www.secondpropertyinvestors.c...fever-lead-to/


  3. #8

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    Quote Originally Posted by Arcachon View Post


    2017 is already the third biggest year of en-bloc deals, after 2007, which holds the record at S$12.2 billion followed by 2006, at S$8.2 billion.

    http://www.secondpropertyinvestors.c...fever-lead-to/
    The results of the recent launches seem to show the market is not ready yet. With only small units mostly taken up by investors and the bigger units which mostly for family and owner occupier not selling well, these developers paying top prices for en bloc sales may well be in for a tough ride. The market may not be sustainable if demand only come from investors.

    Just like developments in Iskandar which the Chinese developers built only to attract investors and rich Chinese to be used as second home, the lack of real buyers buying to stay there will not generate the economic activities needed to sustain the city.


  4. #9

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    Quote Originally Posted by Amber Woods View Post
    The results of the recent launches seem to show the market is not ready yet. With only small units mostly taken up by investors and the bigger units which mostly for family and owner occupier not selling well, these developers paying top prices for en bloc sales may well be in for a tough ride. The market may not be sustainable if demand only come from investors.

    Just like developments in Iskandar which the Chinese developers built only to attract investors and rich Chinese to be used as second home, the lack of real buyers buying to stay there will not generate the economic activities needed to sustain the city.
    Just like 2006, where were you in 2006. did you miss the action and going to miss this also.

    You are mixing apples with oranges, very dangerous when looking at property this way.

    Those who say crash crash crash are no longer around, soon those who say how to chiong will be gone also.


  5. #10
    Ultimate Underdog
    Join Date
    May 2012
    Posts
    3,859

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    Right now there are two possibilities.

    1. Same as Commonwealth towers when first built. Sales and prices would eventually moved in developers’ favour.

    2. Retraction to 1400-1500 psf will allow quick sell-out. But Serangoon is still OCR if I am not mistaken. Even at that price level, prices would still be some 15-20% higher than those established in 2013.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


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