Private property prices -0,8% in December

[do the math]

The downturn has started, as earlier estimated by many professionals. Resale private property prices dipped 0,8 per cent in December 2011. The figure sounds small at first, but it will add up to 10 per cent drop annually, if this pace continues. This is in line with my earlier post of 40 per cent decline in 4 years.

Cooling measures hit Dec home prices

04:46 AM Jan 31, 2012
SINGAPORE - Another sign has emerged to suggest that the private home market has peaked, with the monthly Singapore Residential Property Index (SRPI) published by the National University of Singapore (NUS) falling 0.8 per cent last month from November as the transaction volume plunged. The NUS SRPI tracks prices of completed private non-landed residential properties.

[Agent007]

You may be surprised when you see January's figures which show a small increase.

Then again you may not be surprised seeing that I have given you the heads up already.

Don't worry, you are not alone with your erroneous predictions, a lot of other so called experts seem to be walking around with their eyes closed too.

Just keep renting, you'll be fine.

[Titanic]

Hahhaahaa, loser agent thinks everyone who works for NUS is renting. Otherwise they wouldn't report this price decline. EPIC FAIL. 

Idiot.

Airport.

[Kafka]

You may be surprised when you see January's figures which show a small increase.

Then again you may not be surprised seeing that I have given you the heads up already.

Don't worry, you are not alone with your erroneous predictions, a lot of other so called experts seem to be walking around with their eyes closed too.

Just keep renting, you'll be fine.

Rental also heading downwards... according to the latest URA statistics released last week, rentals in the condo we live in went down 13% from Q3 to Q4...

[Blaze]

Of course rentals are coming down. Everyone who kept their unit empty just to wait for the prices to increase is now trying to rent out to cover the losses. More supply means lower rentals and there are less expats coming with housing allowances at the same time. Lower rentals mean lower resale prices, it's a vicious circle.

[hahahhaaa]

Nothing is more pathetic than the 'heads up' from Agent 007. Here is one of the 'heads up' just before the collapse:

Agent007
Guest
   
Re: Latest The Sail Prices
« Reply #1179 on: 27 October 2011, 18:34:57 pm »
   Reply with quoteQuote
Been pretty flat at the condo recently but today's news will see things moving up again.

Don't miss the boat!

[localmanjames]

You may be surprised when you see January's figures which show a small increase.

Then again you may not be surprised seeing that I have given you the heads up already.

Don't worry, you are not alone with your erroneous predictions, a lot of other so called experts seem to be walking around with their eyes closed too.

Just keep renting, you'll be fine.

Who are these so called experts? Anonymous loser trolls on an internet forum who have been proven wrong time and again? Pray tell.

[Agent007]

Prices will increase in 2012.

100% sure.

[hahahhaaa]

Another 'heads up' from Agent 007 which will go totally wrong. As usual.

[Agent007]

I have always been correct. I am never wrong.

December 2008 was the same and the advice was ignored by wankers like you.

Airport.

P.S. Don't forget to pay your last month's rent on the way out.

I'll enjoy spending it. Thanks

[hahahhaaa]

I just quoted one of your earlier 'heads up' from October which was wrong as usual. Read it and weep.

[Agent007]

Why was it wrong, prices are still going up or are you to stupid to see the facts? What collapse? This is not europe or USA. Perhaps you are in Singapore USA? This is a forum for Singapore in S.E. Asia. What a tosser!

[hahahhaaa]

You are now replying to the thread "Private property prices -0,8% in December" which was a fact released by National University of Singapore and you write 'prices are still going up'.

You are the thickest that I have ever seen. No wonder you are losing money.