Property Must Crash (see graph)

..more than 50%, this is reciprocal effect of the over 100% sharp rise over last 2 years.

Bought 2yrs back, unrealised profit - assuming he lucky and still as rich, they form the support level of 50% drop.

Bought 1-2yr back, unrelised profit - assuminng he not broke for overspending on a a i535, they form support tier of 25% price fall. Sadly, many bought at debit or balloon repayment, now is about time to pay the balloon part of mortgage - they will sell with looking for good price.

Bought 0-1yr back, unrealised profit - assuming they didn't strike lottery ,they will be panicky seller. They will happily cushion 10%-20% price fall, as they have the notion of wrong timing. However, there's sub-group that were rich before they bought, they will hold. But, they didn't matter, the group that sell panic is enough to pull off an avalanche.

Didn't buy anything but accumulate cash - aha.. good for you, wait for the highly probable 50% drop level. And, don't be influenced by agent - they are not economist, do your own judgement.

My take, of course 50% in 9mths time (2 quarters of consecutive negative company financial reports).

Don't like that leh. Agents need transactions to survive- can't blame us for being pushy. Past months are like ghost months. Sellers still dreaming and buyers not biting. Agents are starving. The one saying he's making 40k a mth in last week sunday times is probably bluffing... U know, like mlm uplines, we agnets need to bluff in order for sellers and buyers to have confidence in us, and oso to scare away competition. but all said, i may give up soon... Maybe be a teacher.

agent, looks like you concur, but have to bluff a little to get by, we understand, but you use to make 20k/mth, time to burn the woods you collected. my advise to you (just for you) - stay! because you are honest of your predicament, and buyers are looking for agents that tell the market, and not bluff them into buying. On the other hand, you will need to do the same to the seller, tell them the truth, don't just take the selling contract, and hunt for ignorant buyers. So, of course, I think you are a good agent (if you are really a propoerty agent).

For the last time, having Formula 1 or a casino does not make Singapore immune to the world economic situation. Further, Singapore being an "island" does NOT mean that property prices will ALWAYS go up.

When will people stop listening to the drivel pumped out by the Straits Times and most of the uneducated property agents

Turn on your TV or read any decent paper - Singapore should remember that "no (man) country is an island"

A car race and a casino will not save you!

is sg media decent media ??

Just need an advice,as i was purchased a resale HDB flat on Nov'08,i was wondering whether the price may go down?.
Thanks in advance,

I think extreme views are not the way to go here. Yes, property prices are likely to go down but the use of the word "crash" is too extreme. It's probably more pertinent to talk about the extent (or "how much") that prices would fall. And even then, we need to be able to clearly analyze private property prices for condo and landed houses differently. Generally, all the talk about falling private property prices are with reference to private condos - those in prime areas (the so-called luxury condos) are likely to be the hardest hit as they are more prone to speculation and investment (and as such, their prices are quite highly inflated) while those in the non-prime areas (suburban condos) are affected to a lesser extent as they are mostly purchased for personal stay (assuming that they were not bought at exhorbitant prices in the first place). At the end of the day, everything - from property to stocks to cars - is subjected to the logic of economics...demand and supply...willing buyer and willing seller... If a seller has holding power, the seller will not sell if the price is not right - all things being equal, home owners are likely to have holding power more than speculators...this is the reason why the luxury condos are hardest hit...the speculators who cannot hold will sell their units at a much lower price... On the other hand, home owners of suburban condos do not have to lower their asking price (if they are in no hurry to sell). With the above in mind, we still have to factor in the age of the property, whether it is leasehold or freehold, the condition, etc.

With regards to private landed homes, the prices are less volatile as most have been purchased for personal stay. To be sure, their prices would also be affected by falling private condo prices as well but because of the element of land, landed private homes would not fall as drastically (especially given the scarcity of land in Sg). Again, with the above in mind, we still have to consider if the landed property is leasehold or freehold - just like leasehold condo, leasehold landed is likely to lose value over time although the rate of depreciation might not be as high as that of leasehold condo.

Sadowner - For public housing, there's a little bit more stability because it's controlled by the government. However, HDB flats are also subjected to economics - demand and supply...the reason why when private property prices have been decreasing but public property prices have been increasing is because demand for HDB (mass market housing) has been sustained at a high level. As long as there are buyers who are willing to pay a high price for HDB (which is still lower than private property condos), HDB prices will remain high. Nonetheless, newspaper reports have indicated that HDB prices might be on the way down in the sense that COVs are decreasing. But this is compensated to a certain extent by higher valuations...to a certain extent only because valuations are increasing at a marginal rate and the drop in COVs are more substantial. IMHO, HDB prices will only see a drastic fall in prices IF private condos prices fall so drastically that they now become more affordable for the mass market...in this case, demand will shift from HDB to private condos....prices for HDB will drop...and ironically, prices for private condos will then go up... The question is, will this happen (a question of IF or WHEN).