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Thread: Is the market losing steam?

  1. #21

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    Quote Originally Posted by Amber Woods View Post
    In a typical old private development sold en bloc (not HUDC), owner occupier is about 60% and investor is about 40%. Most owner occupiers will buy resale to stay. Of these, some will buy HDB flats for retirement and some will buy old private resale so that they can move in. The investors can wait to buy and in no hurry to buy. If they should buy now, they will buy resale for immediate rental income. Almost all en blocers will not buy new launch.

    You are right, if resale is not picking up, it is not a good sign. Perhaps, more are buying HDB flats for retirement since aging HDB flat prices are coming down much faster since the Minister confirmed that price of HDB flat will become zero upon reaching 99 years. The money from en blocers are not flowing back into the market as much as property agents and property agencies are trying hard to impress the market.
    Only Time will tell the truth, just like 2007.



  2. #22

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    Quote Originally Posted by Arcachon View Post
    Only Time will tell the truth, just like 2007.

    Yah man, my ex-boss few properties been enbloc-ed 2017-2018, and the rest I shall end here.
    Your answer is as good as what Iím seeing a true enbloc-er is doing at this moment now


  3. #23

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    There is liquidity on all property classes, not just on residential new/resale. Some of them invested in commercial properties. Our recent shophouse sale is to a beneficiary from 2017 HUDC En Bloc. He paid a huge proportion in cash. Probably due to his age as he is in his 60s.

    I think I have said this before...our recovery will be alot more gradual this round. Not a V shape rebound, more like a long U shape. CMs are in place (here to stay) and its sheer brilliance is keeping that in check.


  4. #24

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    Came across this article that claims half of May en bloc failed. https://www.99.co/blog/singapore/en-...e-sale-tender/

    Possible that the turning point is reached? Developers have jiak enough already.


  5. #25

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    Quote Originally Posted by catlover24 View Post
    Came across this article that claims half of May en bloc failed. https://www.99.co/blog/singapore/en-...e-sale-tender/

    Possible that the turning point is reached? Developers have jiak enough already.
    You are right.

    Here is the big picture.



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