Originally Posted by
GIG
Past owners sitting on large profit. Govt not worried about them.
How low they sell govt don't care.
The Govt putting the financial prudence now, to protect the buyers now,
If buyers buy now, their purchased value can get even lower.
But the govt will not tell you if it is the right time to buy.
The govt only touch the framework of the financial environment.
Its up to buyers and sellers to decide on value.
But the govt can decide on the direction of property prices.
At this moment, their direction is clear, propery prices has to go down.
Cooling measures work both ways, bring the price down and put a safeguard.
Now only left those fews who are hanging on, either they have forgotten to exit, or overly tempted(maybe poisoned) by interest rate and rental yield..some could still be dreaming of capital appreciation at this time.... good luck to them..
A bottle of Lafite '82 for all my coffeeshop friends yesterday...many don't know what is it....haha...