Property Views
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lee_yl:
Agree. During SARS period and year 2009. Friend told me she went to see this unit, the owner wanted to let go soooo cheaply (like less 50%) until she scared. Now she regretted she didn’t buy.
if i m not wrong around Mar2009(?) when the share mkt 'crashes' around that time i remember seeing unit sold at around 1.2k psf from the high 2.4k psf less than a yr ago. The last last time was SARS? somehow have the feeling most wont be so jittery as before as it will go back to reasonable normal price in no time.MrsKiasu:
[quote=\"limlim\"]Were there property crash before?
What kind of level then is considered a crash?
[/quote]Heehee... bought my first condo in 2009. Thought my offer was low enough but owner lowered the price further...
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lee_yl:
Agree. During SARS period and year 2009. Friend told me she went to see this unit in Yr2009, the owner wanted to let go soooo cheaply until she scared (less 50%). Now she regretted she didn’t buy.
if i m not wrong around Mar2009(?) when the share mkt 'crashes' around that time i remember seeing unit sold at around 1.2k psf from the high 2.4k psf less than a yr ago. The last last time was SARS? somehow have the feeling most wont be so jittery as before as it will go back to reasonable normal price in no time.MrsKiasu:
[quote=\"limlim\"]Were there property crash before?
What kind of level then is considered a crash?[/quote]it bounced back so fast that I was telling myself..aiya, if i had known it, borrow money from ah long also can la
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lee_yl:
7 mil by 2030....maybe more and earlier if they have their way.
I don’t think the G dare to before GE2019 bah. -
Nebbermind:
How do you fit 7m people in this island?
7 mil by 2030....maybe more and earlier if they have their way.lee_yl:
I don’t think the G dare to before GE2019 bah.
I am also curious. -
lee_yl:
During downturn, there's also fear of losing your job, especially for the middle aged...so even if very cheap but without rental or job...damn terok!
Agree. During SARS period and year 2009. Friend told me she went to see this unit in Yr2009, the owner wanted to let go soooo cheaply until she scared (less 50%). Now she regretted she didn’t buy. -
Riches to rags.
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Nebbermind:
Yes... I have advised a friend not to commit to an ec. Why take the risk when he has a fully paid hdb?
During downturn, there's also fear of losing your job, especially for the middle aged...so even if very cheap but without rental or job...damn terok!lee_yl:
Agree. During SARS period and year 2009. Friend told me she went to see this unit in Yr2009, the owner wanted to let go soooo cheaply until she scared (less 50%). Now she regretted she didn’t buy. -
Cloud Cloud:
More like give up hope government will remove the cooling measures...or thinking long term
But rental prices also at rock bottom.lee_yl:
[quote=\"floppy\"]
The general sentiment is prices have bottomed out.
People really don’t mind paying ABSD because they think property prices have bottomed out? 7% is a lot.
[/quote]Yup..think the cooling measure will remain.
http://m.todayonline.com/business/property-cooling-measures-here-stay-mas -
Nebbermind:
Good point :goodpost: think i shld on hold my purchase
During downturn, there's also fear of losing your job, especially for the middle aged...so even if very cheap but without rental or job...damn terok!lee_yl:
Agree. During SARS period and year 2009. Friend told me she went to see this unit in Yr2009, the owner wanted to let go soooo cheaply until she scared (less 50%). Now she regretted she didn’t buy. -
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