Property Prices Must Plunge (graph included)

Hi All,

With the new plans announced for west, Jurong Lake District, what do you forsee for the prices? I'm looking for an investment property, but everyone is telling me to wait.

Wait and Wait,

Excellent views there and solid understanding as well. What's your view on Singapore landed properties? Is it time to go in, I heard many contradicting views wait and wait...for the worst should be coming. My big Question is When ??? Like u mentioned 5 years ? or even within 1 year?

Cheers

David, the best investment experts always says that nobody can predict when is the highest and lowest points in a market. Price increments for landed properties is still lagging behind condos. If you need to buy one to stay it's prefectly alright. There's no right or wrong decision when buying to stay. Because buying a dream home that you look forward to coming home everyday to spend time and build your family cannot be tagged with a price tag. Buy wat you can easily afford comfortably. If buy for investment, just be sure you can hold for long term even if there are years that you cannot rent out. Hope it helps.

Thanks for the great headsup, wait and wait.

Appreciate the kind advise. Cheers

David, you are most welcome! Anyway just curious you decide to buy now or not? Ha. For me, to choose between a $2 mil condo or a $2 mil landed terrace house, without hestitation I will definitely choose to buy the terrace house. Cheers too!

Wait and Wait,

Terrible sorry for the delay reply, I can afford to wait and see at this junction. Currently putting up in a Terrace. Looking at upgrading to a Semi-D or Bungalow when the time is ripe and property market turn for the dive curve perhaps in a couple of mths or a year or 2.

Totally I agree with you. A condo vs a landed property. I choose the latter still. Maybe I am more of a person who enjoy sipping afternoon tea by my garden.

Cheers and excellent advise from you. Thanks.

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.

Charles, I agree with you. I have been monitoring the property market for the past six months and the "expert' in June 07 predicted for 15% price drop by March 08, and another 25% drop by June 08.

Nevertheless, price went up approx 10-12% instead for private property at Chou Chu Kang area for landed property such as Villa Verde. The prices for HDB resale also hold strong. The newly launched HDB price at Sengkang by HDB also stating S$370K for 5 rm hdb flat.

In line with Government's plan to glow singapore population with influx of foreigner (now4.3 million) to 6 million, there is huge potential for property market to rise further. Singapore is also promoting as an Education hub, and many foreign students are coming here to study and rent flats/property. Inaddition, if you talk to construction firm, there are too many projects for them to handle for the next few years and they could afford to reject contracts with low margins!

Andy, then you should buy property now.

Andy,

Buying property is long term commitment and it is
worth to buy landed property in singapore
as it will definitely appreciate over time.

The price at sail is still going strong despite
all negative news on potential USA recession.

It might not be long before gov changes regulation
allowing foreigners owning landed property in Singapore.
It will be difficult to relax on freehold but
it should not have any issue to release 99 yr leasehold to foreigner since gov already granted
foreigner to own freehold at Sentosa area.

99 yr landed property will benefit is regulation changes. It is just a matter of time.

Can consider to buy now if you are thinking of
long term investment.