Its usually a combi of all the factors. I think we would be naive to think that "B" is not one of the factors as the actions & words of MBT in the run-up to the elections clearly show that one of the reasons for their massive release of land was also to 'moderate' prices to cater to public outroar.Originally Posted by ysyap
As stated, my two scenarios (pt 1 & 2) is just an EXAMPLE. Sure cycles are different all the time.Originally Posted by ysyap
What I am trying to point out is that whatever the cyclical period, tweaking just the demand side (buyer restrictions, SSD, LTV etc) but ignoring the impact of the supply side (which is solely based on revenue maximisation or political motivations) in releasing land indiscriminately only exacerbates the swings even more.