Crash was the wrong term, it's a bit too dramatic.
Is there an accepted definition for the word "crash?" Others have used the term "adjustment" to describe falling prices in a less dramatic way.
What I meant was, I think we are seeing caution and sense were there was previously none. There is trepidation about impending interest rate increases and the round after round of cooling measures coupled with astronomical PSF. Some posters, I think I read in other threads, have even used the words "game over" for Singapore property.
Yet there are still some unexplained mysteries:
1. Developers buying land at record high prices.
2. Government allowing supply to, seemingly, spiral out of control.
3. And this was my point for The Glades, increase the price of something you can't even sell at a lower price
So, I'm specifically referring to The Glades here and not the wider market, I feel something has to give. If Keppel refuse to give in then they might be launching in 4 years time with only 20 percent sold
that would be nice for those who have bought, there will be literally no one in the swimming pool