URA data show flattening of curve

[Conrad_]

The URA data for private home prices in the second quarter confirmed what most of us have known anecdotally - that prices have peaked and are turning down. Luxury apartments prices actually dipped albeit marginally.
Whether this marks a decisive downtrend, it's hard to tell. But on the balance of probability, they are heading down, taking into account the macroecomic environment.

[Well]

June has 801 transactions and more people are buying, 80% above May's. A new leg has begun.




 

[Lucky guy?]

I just struck a lottery and won $100k. I have been alive for 40 years. On the average I won 2.5k a year. The 100k I in my hands is not real. I have an average of $2.5k.

Reporters and property analysts, when you figure out the above, you would know how to write about the new development in property trend.

[Lucky guy?]

I think reporters and property analysts should also check the latest secondary transactions for private property.  Are my eyes fooling me about the higher prices recorded over earlier July and June transactions for all 3 projects I just happen to randomly pick in the latest July transactions just released today??

[It's true.]

Actually from the projects I've been tracking in certain areas. The worst prices were recorded in Feb/March/April. Recent prices seem to have picked up again.

I think reporters and property analysts should also check the latest secondary transactions for private property.  Are my eyes fooling me about the higher prices recorded over earlier July and June transactions for all 3 projects I just happen to randomly pick in the latest July transactions just released today??

[Deeper and Down]

I've been monitoring the private properties in CCR and seeing very clearly that the median PSF is declining.  Of course it risky to make judgement because the numbers being sold is tiny.  But the downward trend of the PSF is very clear.  That URA PPI is def 6 months behind what is happening in the market.  Down we go.

[Well]

I've been monitoring the private properties in CCR and seeing very clearly that the median PSF is declining.  Of course it risky to make judgement because the numbers being sold is tiny.  But the downward trend of the PSF is very clear.  That URA PPI is def 6 months behind what is happening in the market.  Down we go.

Do some work and check up on your favorite properties/projects on the transactions posted today. Averaging over months desensitizes information.

[Asking prices]

Actually from the projects I've been tracking in certain areas. The worst prices were recorded in Feb/March/April. Recent prices seem to have picked up again.

I think reporters and property analysts should also check the latest secondary transactions for private property.  Are my eyes fooling me about the higher prices recorded over earlier July and June transactions for all 3 projects I just happen to randomly pick in the latest July transactions just released today??

have gone high again when I check up some projects on Nation Property. Same goes for rentals.

[Deeper and Down]

You're lying.  I have checked the data and reports they show that the prices are clearly down, especially over the last 2 weeks of June.  I am hearing from people that the prices are heading down in July too.   Looking good for buyers and bad for sellers.

We can expect transaction volumes to decline to zero during Hungry Ghosts month, and also be very low in Sept with the F1 is here and everything is disrupted.

[Good work]

You're lying.  I have checked the data and reports they show that the prices are clearly down, especially over the last 2 weeks of June.  I am hearing from people that the prices are heading down in July too.   Looking good for buyers and bad for sellers.

We can expect transaction volumes to decline to zero during Hungry Ghosts month, and also be very low in Sept with the F1 is here and everything is disrupted.

Monitor your projects closely in the URA site, especially yesterday's update.

Okay, there will be zero sales in August and everyone is engrossed with the F1.