I do not think price will drop further and it is great time to buy now. Reason
being rental yield is excellent and many of my friends are going in now to buy and rent out.
With the incoming of Many Indians and PRC to Singapore, the price of rental as well as property price will stay or rise. Those that are affected are those speculators. The landed property distance from CBD area benefitted from those expats relocating to places such as CCK and Jurong. Price has increased to 15%-20% for properties in these areas. Strongly believe now is best time to buy and wait for prices to rise next year. Analyst are normally not correct, especialy when they say down it then went up.