View Full Version : Private homes sales fell 62.9% in December
According to CNA, sales of private homes fell 62.9% in December. Bit surprise to see such massive dip.
Article an be found here:
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1177054/1/.html
bargain hunter
16-01-12, 18:48
coz hillier deferred all its sales to be recorded in jan 2012.
According to CNA, sales of private homes fell 62.9% in December. Bit surprise to see such massive dip.
Article an be found here:
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1177054/1/.html
now is when u see agents eat....grass....:2cents:
now is when u see agents eat....grass....:2cents:
Some had told too many lie during the red hot market fewyears back, so those should be able to stay cool enough facing this reality. :cool:
All of them sing these "Singapore will be like HK someday, so buy now or it will be too late...etc":scared-4: "Singapore does not have enough land fornew house...etc " "Singapore is too small...." :scared-4: "Your kids
may not afford to own a house in future...." :scared-4:
Sometimes, I think they can be fortune teller.:p
coz hillier deferred all its sales to be recorded in jan 2012.
Just went to the showflat yesterday, decent crowd writing chqs.
Hiller itself sold more than 350 units in Jan 2012. And we are just half way through Jan 12 only.
Jan 12 sales should at least increase by 40%.
Not to mention other developments like Riversound and Archipelago.
If you got more info, please post here.
DKSG
Stay Calm and Cool
Sometimes, I think they can be fortune teller.:p
It is a tough job to be an agent. Need to think positive, even when times do not look good. As most are praying and hoping hard for better times, only left few lucky ones making more money.:beats-me-man:
According to CNA, sales of private homes fell 62.9% in December. Bit surprise to see such massive dip.
Article an be found here:
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1177054/1/.html
Anyone here has insights to price dips ?. Have not seen prices heading south. But have seen prices with abospsion if affected by second home ownership.
now is when u see agents eat....grass....:2cents:Agents will always tell buyers its the best time to buy now and tell sellers its the best time to sell now.... so now is always the best time to buy and sell but it won't be a better time than later coz that agent will come back with that same tag line later. :beats-me-man:
Anyone here has insights to price dips ?. Have not seen prices heading south. But have seen prices with abospsion if affected by second home ownership.Absorption of ABSD is always the first step of the multi-step effect of the housing market dipping. After one or two quarter and people are still not coming forward, step 2 will emerge when asking will still remain but greater discounts will be given like 5% to 8% so that people can see a dip and hopefully be enticed into showrooms again. All this while, the resale market will closely monitor the new launches and adjust their asking accordingly. Some with greater holding power will then remove their unit from the resale market. When we are all so preoccupied watching the prices going south, the euro crisis will hit us when we least expect and then the show begins... :cool:
Developer sales figures should recover slightly. It's not a good time to be property agents because the pie is getting smaller but there will be more new entrants due to retrenchments in other sectors.
more drop in sales..
developers cannot sell - can if drop $$$.
old projects - die too old. every1 wants gd discount
foreigners- 10% additional costs..dun forget sellers stamp duty
agent - eat wind
all cheong - die faster.
property nt TOP yet - still pay no rent
bargain hunter
17-01-12, 08:50
as per my post at the other thread:
http://forums.condosingapore.com/showpost.php?p=226166&postcount=97
nautical total 150 sold-84 sold in dec = 66 sold in jan so far
riversound 60 sold vs 0 in dec
the hillier 332 sold vs 0 in dec
these 3 alone already 458 sold before 15 jan.
EC rainforest 150 (definitely more than this no. by now) alone also already way surpassed the 38 ECs in total sold in dec.
Just went to the showflat yesterday, decent crowd writing chqs.
Hiller itself sold more than 350 units in Jan 2012. And we are just half way through Jan 12 only.
Jan 12 sales should at least increase by 40%.
Not to mention other developments like Riversound and Archipelago.
If you got more info, please post here.
DKSG
Stay Calm and Cool
Actually I think that its not so bad for Dec holidays and with the ABSD... It really shows that there are a lot of real demand...
Think back to just a few years ago... anything more than 1000 units sold a month is considered red hot market...
So actually i think anything above 1000 units sold a month is considered very bullish market... 1700 units plus is just crazy lah....
So just immediately after ABSD for 600+ units to move is actually not a bad sign
flagship74
17-01-12, 09:29
Hearsay the coming CM6- Cannot use CPF to buy private propety?:scared-5:
bigapplefan
17-01-12, 09:38
Hearsay the coming CM6- Cannot use CPF to buy private propety?:scared-5:
how can that be.. they just announced ramping up the supply of BTOs and ECs not long ago
TCSS. Hear from the air?
Hearsay the coming CM6- Cannot use CPF to buy private propety?:scared-5:
flagship74
17-01-12, 10:22
TCSS. Hear from the air?
y u like dat??:D
Cm6 is all singaporean and pr cant buy
Or must sell hdb ...
how can that be.. they just announced ramping up the supply of BTOs and ECs not long ago
PwC made a similiar recommendation for 2012 budget. I reckon cpf might still be allowed for the 1st ppty or HDB/ EC. But for 2nd ppty or Pte Ppty, maybe CPF might be disallowed. This will definitely have a significant impact on ppty prices. Remember when they allowed CPF to be used years ago? That's when ppty prices start climbing.....
bigapplefan
17-01-12, 11:07
PwC made a similiar recommendation for 2012 budget. I reckon cpf might still be allowed for the 1st ppty or HDB/ EC. But for 2nd ppty or Pte Ppty, maybe CPF might be disallowed. This will definitely have a significant impact on ppty prices. Remember when they allowed CPF to be used years ago? That's when ppty prices start climbing.....
Disallowing CPF for 2nd property onwards sounds more plausible..
Aiyah I only meant to say "TCSS" but I needed 10 characters or more.
y u like dat??:D
Hearsay the coming CM6- Cannot use CPF to buy private propety?:scared-5:
it will only happen when the prices continue to rise which i doubt so in the near future
Hearsay the coming CM6- Cannot use CPF to buy private propety?:scared-5:
Most investors uses cash, CPF should be for the HDB or the property that's for own stay. They are more concern with SSD and ABSD.
Most investors uses cash, CPF should be for the HDB or the property that's for own stay. They are more concern with SSD and ABSD.
i agree, disallow CPF for 2nd property has got minimal impact.
government will never stop citizens to use CPF for 1st property. It is suicidal:2cents:
Jonathan0503
17-01-12, 11:56
They always compare against previous month, which I think might not be a good comparison.
December should be a quiet month when a lot of people go on holidays.
How is it compared to Dec 2010?
They always compare against previous month, which I think might not be a good comparison.
December should be a quiet month when a lot of people go on holidays.
How is it compared to Dec 2010? There's a graphic representation in today's Business Times but system won't show graph when I pasted it here. Massive drop vs Dec 2010 as well (graph shows around 1400 for Dec 2010 while Dec 2011 is around 600+). The graph looks scary with sudden & deep drop in Dec 2011 for a 1+ year comparison. :scared-4: Get today's Business Times and you'll see the status.
Can someone else paste that chart here?
Face d fact. Holiday or not no deman means no demand
Look at d market any resale
Most investors uses cash, CPF should be for the HDB or the property that's for own stay. They are more concern with SSD and ABSD.
Some small investors like me got use CPF leh. Hdb loan fully paid years back, so got spare CPF monnies to loot!
Resale is damn quiet man.... Only about 700 units transacted in Dec.... Imagine 30000 agents only sold 600+ units of launches and 700+ units of resale and hdb..... Eat grass
Got window period after CM announcement still <15 units sold dec in each CCR
Dunno whether agents talk sense in2 sellers
Sellers still high on drugs? Later financing ltv chopped like in 2008 want 2 sell buyer cannot buy. Not enuf downpymt.
blackjack21trader
18-01-12, 05:24
According to CNA, sales of private homes fell 62.9% in December. Bit surprise to see such massive dip.
Article an be found here:
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1177054/1/.html
well if u have been reading this forum and follow the cues of the brothers here, you would not be surprised.
Good or bad? People will remember CM5 for causing massive job-loss for housing agents, mortgage agents, insurance agents? :scared-2:
Higher unemployment for citizens to come (since these jobs mostly citizens doing)? :mad:
Good for property owners on the other hand because rather don't sell (transaction number drop) than see drop in price right? :p
Resale is damn quiet man.... Only about 700 units transacted in Dec.... Imagine 30000 agents only sold 600+ units of launches and 700+ units of resale and hdb..... Eat grass
Thot some bulls here. Where's d price rebound? Wtf
If listened n bought last yr now paper loss?
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