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Market Watcher
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« on: 23 May 2008, 12:18:43 pm » |
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It seems prices are in fact rising again and interest in housing market is gaining momentum.
This was expected. Funny how things go here isn't it ?!!
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ExpatSingapore Message Board
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« on: 23 May 2008, 12:18:43 pm » |
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and I ....
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« Reply #1 on: 23 May 2008, 12:37:36 pm » |
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thought halluciagenic drugs were hard to find in Singapore.
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Condo-owner
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« Reply #2 on: 23 May 2008, 13:02:29 pm » |
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Nope prices are coming down. No offers or way to low. Property is finished... hv to wait for 4-5 years again.
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Sides are splitting!
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« Reply #3 on: 23 May 2008, 14:56:24 pm » |
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It seems prices are in fact rising again and interest in housing market is gaining momentum.
This was expected. Funny how things go here isn't it ?!!
Funny?! This is comedy gold, you should be on TV! |
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FoolsGold
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« Reply #4 on: 23 May 2008, 15:48:26 pm » |
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Hmm..well for units at the condo where I own, the last 2 transactions (mar and apr) are the highest yet. Things seemed to take a bit of a dip Nov to Dec, but are now back at the peak of last August
New prices and subsale prices will certainly come down - the 50% premium over the secondary market was insane. But prices at well located mid-priced developments with good rental potential seem to be holding up
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TERENCE
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« Reply #5 on: 23 May 2008, 15:55:21 pm » |
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The oil barons are upping the price of fuel to make up for their unexpected heavy losses in their loan dept and when things are on even keel the prices of property will move up again, and the time is about to come soon.
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Stomach Hurting
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« Reply #6 on: 23 May 2008, 16:24:38 pm » |
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From laughing at this thread. You guys dont realize that even your government is now saying it has peaked and will "moderate", which is an euphemism for "decline".
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FoolsGold
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« Reply #7 on: 23 May 2008, 16:29:29 pm » |
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My government? Methinks you assume rather too much
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Local.
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« Reply #8 on: 23 May 2008, 16:48:26 pm » |
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HAHA it's finished lah. Property will come off.
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TO LOCAL
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« Reply #9 on: 23 May 2008, 17:44:58 pm » |
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Hahahahaha........ Take out your coins from your piggy bank and buy some property lah. Fat hope.
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dps loser
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« Reply #10 on: 23 May 2008, 19:43:16 pm » |
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It seems prices are in fact rising again and interest in housing market is gaining momentum.
This was expected. Funny how things go here isn't it ?!!
Prices of what, oil? Interest, yes, it's getting interesting watching people panic and also waiting for the crash. |
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« Last Edit: 23 May 2008, 20:23:45 pm by BoardManager »
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Buyer maybe
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« Reply #11 on: 23 May 2008, 21:56:30 pm » |
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Hmm..well for units at the condo where I own, the last 2 transactions (mar and apr) are the highest yet. Things seemed to take a bit of a dip Nov to Dec, but are now back at the peak of last August
New prices and subsale prices will certainly come down - the 50% premium over the secondary market was insane. But prices at well located mid-priced developments with good rental potential seem to be holding up
Market sentiment based on 2 transactions... People buying now are buying for own stay, and they buy good units. |
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Peak? No way!
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« Reply #12 on: 24 May 2008, 0:21:42 am » |
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Bad and irresponsible piece of reporting lah. Singapore government did not say property prices has peaked. Even reporters now desperate to buy properties! From laughing at this thread. You guys dont realize that even your government is now saying it has peaked and will "moderate", which is an euphemism for "decline".
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Nawlins Guy
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« Reply #13 on: 24 May 2008, 3:18:59 am » |
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Me's thinkin' she is on the up. i dont care none as I rent and company pays.
Neighbours house valued at 1.5M, darn sale just transacted 1.73M
Shawnuff, dont look like she aint on no way down....
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Buyer maybe
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« Reply #14 on: 24 May 2008, 17:13:04 pm » |
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Peak or no peak, do we really care? The most important question is: any good buy left on the market?
Good buy meaning: perceived value is higher than market price.
I think there are still good buys around, especially some older properties are still hugely undervalued, standing next to new developments which are 50% more expensive. Given that the land value is the same for both, property price will tend to equalize over time.
The same applies to 99 years leasehold properties, which are basically 20% undervalued as compared to freehold ones. Who believes the building will stand there for 99 years until the Government takes it back??
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