Quote:
Originally Posted by Unregistered
I also agree that now is the best time to sell as the market has peaked. Just look at the stock market. It is crashing. Many big property owners and players are selling. The oversupply is coming fast and furious due to the miscalculation of supply. We overreacted by all the noises and keep on supplying and now we have a huge oversupply and prices will come crashing down hard. If you buy with 20% downpayment, you will be underwater soon. You will lose your equity and more. If you bought your property 6-7 years ago, you would have made good profit and now is the time to sell. Just sell your HDB or condo now. Rent and wait to pick bargains in a couple of year's time. If we don't increase the inflow of FTs and rich PRs, prices will crash by 30-40% for sure. |
I suppose it is not due to oversupply but instead, due to lower demand.
Tightened policies causing less FT inflow and thus PR.
Therefore,
HDB price will sure be affected. Private market affected by neighbouring countries. Ppl are buying properties in Malaysia, Australia, UK and US.
As long as interest is low, I dont think it will down 40%, may be 15 to 20%