Dont understand why you so kan-cheong.
Are you heavily vested in property?
Think about those who are waiting to get their hands on a condo or landed property. To them the prices have not come down enough.
Not many
HDB dwellers own private properties, I think at most about 50,000 families? I recalled a few years ago a news paper report said about 34,000
HDB dwellers also owned a private property. The number is small and I believe this group has ample financial muscle to tahan some more dip in the prices.
And those private property owners with more than 1 property, I believe they should be even more able to tahan the dip.
And those who bought after the cooling measures were implemented? This group even better prepared because they would be taking less loans because of the measures.
So unless there is a big downturn in the economy, I think prices will not crash.
Quote:
Originally Posted by Unregistered
The number of foreign employment has crashed.
With the impending huge oversupply of properties coming, there will be empty condos everywhere. There will be more and more "ghost condos".
Those property investors, especially the middle income hdb dwellers, will be in deep trouble. They will have no tenant and their salary is not enough to service their mortgage. Worse still, interest rates is rising.
The property market will crash unless we bring in a huge number of foreign workers and foreign talent immediately to rent the empty condos and empty hdb flats. There must also be a big cut in property supply to solve this huge problem. |