Property - Near NYPS & RGPS

[Juanthedragon]

if you have bought an apartment, condo or even landed here, you will become millionaires if you sell now. I have seen the average psf in 2005 was 700, now, it is 1500 psf. With both downtown (2015) and cicle (2011 - botanic) lines in the pipeline, the properties here will never go down to 1998, 2001, 2003, 2007 and 2009 prices.

[Juanthedragon]

Juanthedragon:

if you have bought an apartment, condo or even landed here, you will become millionaires if you sell now. I have seen the average psf in 2005 was 700, now, it is 1500 psf. With both downtown (2015) and cicle (2011 - botanic) lines in the pipeline, the properties here will never go down to 1998, 2001, 2003, 2007 and 2009 prices.

I was wrong, there will be a major correction and the prices will fall lower than any of the last 4 recessions. It will not be long in the near future.

[bicky]

Juanthedragon:

Juanthedragon:

if you have bought an apartment, condo or even landed here, you will become millionaires if you sell now. I have seen the average psf in 2005 was 700, now, it is 1500 psf. With both downtown (2015) and cicle (2011 - botanic) lines in the pipeline, the properties here will never go down to 1998, 2001, 2003, 2007 and 2009 prices.

I was wrong, there will be a major correction and the prices will fall lower than any of the last 4 recessions. It will not be long in the near future.

Juan, can you elborate this? Does it means that pte housing price will goes down soon? We have been sourcing for one at BT but the price keep going up.. Hope to get one at Shelford....hope your magic words come true...

[verykiasu2010]

bicky:

Juanthedragon:

[quote=\"Juanthedragon\"]if you have bought an apartment, condo or even landed here, you will become millionaires if you sell now. I have seen the average psf in 2005 was 700, now, it is 1500 psf. With both downtown (2015) and cicle (2011 - botanic) lines in the pipeline, the properties here will never go down to 1998, 2001, 2003, 2007 and 2009 prices.

I was wrong, there will be a major correction and the prices will fall lower than any of the last 4 recessions. It will not be long in the near future.

Juan, can you elborate this? Does it means that pte housing price will goes down soon? We have been sourcing for one at BT but the price keep going up.. Hope to get one at Shelford....hope your magic words come true... [/quote]wishful thinking

[janet88]

Juanthedragon,

Houses are premium in Bukit Timah and prices won’t fall. Good schools are mostly in BT area.

[tankee]

Most owners of properties there have holding powers. Only a prolonged major recession will bring prices down, and no one should wish for that as should that happens, lots of companies will close and lots of people will be unemployed.

[shaynamommy]

bicky:

Juan, can you elborate this? Does it means that pte housing price will goes down soon? We have been sourcing for one at BT but the price keep going up.. Hope to get one at Shelford....hope your magic words come true...

[Juanthedragon]

well said, i can imagine parts of bukit timah submerged, causing flood waters to rise knee-high, partially submerging ground-floor buildings and cars and causing untold damage.”. FYI, bukit timah was hit twice (nov 09 and jul 10). Not all properties in bukit timah are premium, there are alot of affordable properties if you know where to find them (below 1K psf).

[Juanthedragon]

verykiasu2010:

Juan, can you elborate this? Does it means that pte housing price will goes down soon? We have been sourcing for one at BT but the price keep going up.. Hope to get one at Shelford....hope your magic words come true... wishful thinking

The property market will collaspe when an old guard passed on. I believe you can decipher for yourself.

[janet88]

Yes, its worrying indeed but let’s pray for the best.