There is another logic I learned from this forum. Just a possibility.
Quality OCR property owners holding onto their properties... no selling.
Anyway my real thinking is that all are linked. A drop B drop C drop. A rise B rise C rise.
Originally Posted by
teddybear
Didn't I say OCR will drop because climbed up too much and priced very near to their CCR counterpart? We will be seeing reversion to the mean........ More of the same to come for the rest of the year .................
SINGAPORE - Private home resale prices continued to weaken in April as more new launches lured home buyers away from the resale market.
Homes in the suburban region were the worst hit, according to Singapore Residential Price Index estimates out on Wednesday.
Overall resale prices fell 1 per cent islandwide last month from the month before, on the heels of a 1.4 per cent drop in March from February.
The suburban region bore the brunt, posting a 2 per cent decline in April from the preceding month.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.