Private homes sales fell 62.9% in December

[blackjack21trader]

According to CNA, sales of private homes fell 62.9% in December. Bit surprise to see such massive dip.

Article an be found here:
http://www.channelnewsasia.com/stori...177054/1/.html

well if u have been reading this forum and follow the cues of the brothers here, you would not be surprised.

[teddybear]

Good or bad? People will remember CM5 for causing massive job-loss for housing agents, mortgage agents, insurance agents?
Higher unemployment for citizens to come (since these jobs mostly citizens doing)?

Good for property owners on the other hand because rather don't sell (transaction number drop) than see drop in price right?

Resale is damn quiet man.... Only about 700 units transacted in Dec.... Imagine 30000 agents only sold 600+ units of launches and 700+ units of resale and hdb..... Eat grass

[richie$$$]

Thot some bulls here. Where's d price rebound? Wtf

If listened n bought last yr now paper loss?