View Full Version : over supply in SG with the covid situation
Current market with the covid situation, and quite a lot of supplies, will the price drop?
Yes, AssUme you are right the supplies are a lot when you AssUme.
https://www.icompareloan.com/resources/wp-content/uploads/2018/07/1-14.jpg
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Please do not google just AssUme.
https://www.icompareloan.com/resources/fresh-property-cooling-measures/
https://sbr.com.sg/residential-property/news/chart-day-over-41000-homes-set-flood-property-market-in-2016
https://cmg.scdn4.secure.raxcdn.com/sites/default/files/imagecache/600x360/news/chart-singapore-housing-supply.PNG
How to google what you want to know without AssUme.
property supply over the years Singapore
https://www.google.com/search?q=property+supply+over+the+years+singapore&tbm=isch&ved=2ahUKEwjU6d3TjLfpAhURCXIKHbryAJ4Q2-cCegQIABAA&oq=property+supply+over+the+years+singapore&gs_lcp=CgNpbWcQAzoECCMQJ1C5rBpYtMcaYOfKGmgAcAB4AIABRYgBpAOSAQIxMZgBAKABAaoBC2d3cy13aXotaW1n&sclient=img&ei=BDC_XtTXOZGSyAO65YPwCQ&bih=578&biw=1280
https://raysestateclinic.com/wp-content/uploads/2019/12/image-2.png
https://raysestateclinic.com/singapore-has-a-property-glut-that-can-take-few-years-to-clear-should-you-be-worried/
https://www.ura.gov.sg/realEstateIIWeb/supply/search.action?tab=3
https://scontent.fsin4-1.fna.fbcdn.net/v/t1.0-9/96524569_10218897319436925_1709555910482853888_o.jpg?_nc_cat=102&_nc_sid=8024bb&_nc_ohc=vMxpSXGrxDMAX-ZknP_&_nc_ht=scontent.fsin4-1.fna&oh=7e74fd73bce730396c68eefb94392065&oe=5EE2DC9A
https://cmg.scdn4.secure.raxcdn.com/sites/default/files/imagecache/600x360/news/chart-singapore-housing-supply.PNG
https://scontent.fsin4-1.fna.fbcdn.net/v/t1.0-9/97941300_10218897326037090_3544463035659714560_o.jpg?_nc_cat=110&_nc_sid=8024bb&_nc_ohc=JX45Bwzh6jMAX-wTpaE&_nc_ht=scontent.fsin4-1.fna&oh=eefe79ddebb5e83f8247f0d3e0ddff30&oe=5EE454B7
https://scontent.fsin4-1.fna.fbcdn.net/v/t1.0-9/97621152_10218897398598904_6891300366739046400_n.jpg?_nc_cat=108&_nc_sid=8024bb&_nc_ohc=8F-aecTLEXMAX-I7Y4E&_nc_ht=scontent.fsin4-1.fna&oh=d0b5582d65f32f9fa5906207c1aada6e&oe=5EE6AF86
For those who like to AssUme, Data on the internet will drown you.
yes I always see number of unsold units by developer is at least 10k units
Developer got money to pay the fine!!!!
Why people like to give an empty talk, guess you know why.
They are given 6 months extension and supply reduce guess what happens next.
https://www.icompareloan.com/resources/wp-content/uploads/2019/10/Info_050919_Fig1.jpg
https://www.icompareloan.com/resources/residential-property-market-pan/#!prettyPhoto
Should be able to see the results by end of the year!!!
Samuel Tang
03-06-20, 10:25
definitely over supply during this crisis, who dare to make any move during uncertainty
Let's see this period as opportunities rather than crisis !!!! Stay safe at home! :P P
why worry oversupply? you know how much increase in population our government is targeting in 2030!
Wow..2030..How much. Please enlighten me!
Why ask when one already knows.
anyone got lobang for home contents insurance !
anyone got lobang for home contents insurance !
Siao! This kind of thing also want lobang? What lobang do you want?!
Any insurance company can do it lah! Plus and minus also not much, come up to the same thing.
I don't see any significant discounts offered by developers for existing projects in the market. Except for that 38 Jervois
shininglight
23-07-20, 13:03
Actually, some developers are already increasing prices, e.g. Florence Residences, Parc Esta and a few others due to the higher cost of construction, etc... The supply of new condos have also been reduced with the government cutting down on Government Land Parcel Sales.
Below is a link to an analysis on why is the residential market resilient despite COVID.
https://www.latestprojectlaunch.com/singaporepropertynews/why-is-the-residential-market-resilient-despite-covid?
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