Private home and EC sales slide 16 per cent in August

very gd to heard the news that property sale esp the private is falling
private developers r blood-suckersto them $$$ is the top priority n social responsblity is the least concern to them
if they r burn n the private property bubble burst many of us will be happy

Developers or agents can keep saying land is rare etc... which I totally agreed...
however property price did not, does not and will not increase straight linear one way up....
it always up down, up and down..... for example all those who bought chelsea garden, etc... they never recover their loss for more than a decade, and till date...
it is are we on the peak and going down soon... are you being caught? and soon will go bust coz you too greedy?

A SIGN OF BAD TIMES TA COME

Agree Lamb Chop. HDB was established to make sure citizens have a decent roof over our head, not investment. Its should be given citizens. We should solve the issue of allowing newly married young citizen, widowed citizen, and increasing single citizens population to own HDB. Welcoming foreign talents should not be mixed up with giving citizenship priority. PRs are permanent residents, not citizens, they may return to their country at will. If our infra-structure collapse, they will simply return to their home country. If we want citizens loyalty, we need to give them the hygiene factor required to survive in the long term. EC should be reserved for Singaporeans too.

Look it the positive way.

Pushing all the pricey properties to all those riches and Foreigners are a good way to lock in their money in Singapore when times are bad. Property is an illiquid asset which can't be converted to cash anytime you want. Courting riches and foreigners to only invest their money in stocks and businesses in Singapore cannot isolate Singapore from economy woes during bad times as they can withdraw their money with ease. But having them to park their money in illiquid assets enable cash flow to stay in banks and financial institutes, allowing normalcy to financial sector.

So fellow countrymen, don't be too eager to jump in to share a piece of burden by buying into pricey properties when it is at all times high.

Can i suggest govt impose the same ruling for PR buying landed ppty to HDB as well. Meaning to say PR can only buy HDB to stay and not rent out in the future when they want to move to condo. This will create some supply to the resale market to soften the COV.

Taking max loans at high properties prices its risky.One must be able to services the loan and able to take up when the prices crash. If i cannot afford then i would rather down payment more and buy a smaller property or something within my means. Many people got in trouble ,upgrade their properties and borrow max.

Man creats man and God creats land, but God do not creats any more land,only man keep creats man. Ending limited land available in spore becoming rare,do you think housing would keep going down or stable.If you look at the landed properties e.g. selatar road, 13,500 sqft. bungalow in early 1980 was sdlrs 200,000 thousand and now sdlrs 13 millions . The rest is up to every bodyto think,buy or wait.?

If the recession really hit Spore, one of the industry to keep many Sporean at work will be the construction industry with so many projects such as new MRT line, City garden, HDB and private flats at hand.
Houses will continue to be expensive becoz building materials and wages had increased many many folds over the last 20 years but Sporean will be assured of at least a HDB flat over our head.
We had to encourage more Indian and Chinese and many other rich foreigners to pour their money into Spore when other developed countries are in trouble, then Sporean will continue to keep their jobs.
Do you think you can afford to buy your dream house even it is 40-50% cheaper than today's price if you are jobless? Wake up! Sometime, cheap is not always better. Cheap also means trouble. Some shares in the stock market also dirt cheap, how come you are not buying?

to those hopeful......forget it.
it is just the 16% drop in transaction but prices remain same or higher. Nobody is selling u his apartment for less than a million. The developer can just hold on forever to their unsold lots. Can u hold off marrying until you are 55. HAHaha. HDB will never lose as they set the price...take it or leave it. And guarantee the private developer will never lose.

Happy waiting. Government got 1 trillion dollar to hold on to their unsold apartment. They ..hdb, capitaland, dbsland, temasek holding would rather keep it empty then give you stay for less than a million. get it.

please thank me for enlightening you on the facts of singapore property control.

Dear Ministers and PM,

Impose new rule to prevent Foreigners from Speculating in MASS MARKET HOME for Singaporean.

Can you hear me ??

IS HDB SAD OR HAPPY WITH THIS NEWS. PLEASE TELL ME.

Well...property prices up or slide will MAKE NO DIFFERENCE if PRs/Foreigners are
allowed to buy our HDB Resale Flats or ECs...by allowing them to own housings
built by our people's taxes(money) is VERY WRONG AND JACKING UP
HDB/EC PRICES!! making them difficult for our citizens to buy!! All foreigners or
PRs should be allowed to buy only PRIVATE PROPERTY as practised by
all nations of this world.

There is no way that any government, iether in Singapore, Hongkong and China can
prevent the Chinese, Indonesian, Indian and other countries citizen which have
plenty of money who would liked to park their fund or money in Singapore, Hongkong.

The problem is with our property investment policy on foreign investor and also those
foreign talent PR or new citizen. These investor
park their fund here, meaning buying property, they know their money is secured.
Furthermore, SIngapore currency will not depreciate much and thirdly, the property
here will appreciate due to these speculation fund. If I were one of the rich people,
and I know such an investment, where many of the property investor agencies will
recommend their client to do so.

So, the government should rewrite the property investor law to prevent these investor
in speculating Singapore property.

Unfortunately, many are caught thinking property prices keep on raising - Some are genuine but but some are not. Some Property agent merely uses the technique of increasing the prices when they cannot sell hopefully to catch those ignorant ones..... So be smart ... when shopping ....

If there's no Crash Or Downturn, Singapore will always be the same in the 50s
Singapore became today because each Crash and Downturn makes a new Tomorrow.
it's a cycle A new regime of Billionaire is born each time a Recession comes around.
The fact is people who Scare tends to loose and people who Dare wins.
Some becomes Billionaire some become Bankcrupt.
Do anyone know that there's alot of people is waiting to the B
Some had been waiting for time to come and some had been making it to come.
All for the word call GREED.
By the way Singapore is still LUCKY
Because majority of people who don't have the time or can't have the time because of end meet. They bow their head and slogged to be alive not knowing what will happen tommorrow
Making sure their families is taken care off hoping that their parents and childrens have food on the table at the end of the day.
Sincerely and appeal to the Government of Singapore : Please take care the low & middle income citizens they are your pillars all this years not to forget the old folks that had spent their youth with you....................Hope someone out there understood these messages.
THANK YOU.

Don't be too happy yet. If Europe crash, lots of hot money will come and park in Singapore property. Denying Singaporean of a house at affordable price.

When the sun shine again, they will put the money out just as quick, suddenly, we will have negative asset and house hold debts will take up to next generation to pay off.

There are enough examples in the world. I just don't understand why our government is so blind to this..... perahps, it is intentional.... Artifically inflating GDP....only to inflat their own pay check....at the expense of the common people.

Can figure out whether this is true or not? Why, look at Capital Land selling the Bishan condo at $1,300 - 1,400 per sq ft. If market is down why is price up? Don't make sense. Something is wrongs. I don't think Capital Land is stupid.

SG got more than 5 million populations yet only 2.2 millions are eligible to vote during election, what happens to the rest?? Well, they buys SG property, and push our HDB prix rocket high!!!

talent to cheat
don't trust them