atans1

Property: So long as prices don’t go up in a str line, Colin

In Financial competency on 03/04/2012 at 11:41 am

It’s a correction, Colin. ))) This is S’pore. If prices really correct, PAP government will have lost its “mandate from heaven to rule us for forever and a day.

Is this the worst that the most drastic set of cooling measures ever to be imposed can do to prices and sales? And that its future impact can only dissipate over time? It certainly doesn’t look good.

http://www.todayonline.com/Commentary/EDC120403-0000057/It-does-not-feel-like-a-price-correction

Note: I deleted an earlier posting on this topic because of “font” issues. The “fonts” were in Italics despite indications to the contrary. Couldn’t fix the problems. So thrashed it.

 

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  1. I think that residential properties are by nature stick-downwards price-wise.The only instance where you see a sharp fall in prices is during a full blown economic crisis (remember 1997?). I am personally happy to see prices moderate downwards gradually, and I see more downside for property prices because of the GLUT of supply hitting the market. 25000 new HDB flats in 2012, plus 14000 to be released for Government Land Sale (GLS) in 1H2012 alone. Not forgetting the 25000+ new condos that are gonna TOP each year in 2013 and 2014.

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