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Thread: Resale flat deals and prices may fall

  1. #1
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    Default Resale flat deals and prices may fall

    http://business.asiaone.com/news/res...rices-may-fall

    It looks to be a buyer's market for resale flats soon, with experts predicting that prices will dip further.
    Such predictions followed swiftly after the Housing Board released its largest number of flats - 8,952 - in a joint exercise yesterday.
    Nearly 5,000 of them are Build-To-Order (BTO) flats located in five non-mature estates, and will include two-room and 3Gen flats.
    The others are balance flats located in 11 non-mature and 13 mature towns.
    With the ramped-up supply of BTO flats in the past few years, "the prices of resale flats are expected to have negative growth", said PropNex chief executive Mohamed Ismail.
    There will also be further softening of overall cash-over-valuation, said Ms Christine Lim, head of research and consultancy at OrangeTee.
    HDB resale-flat prices dipped last month, for the first time in four years.
    Resale transactions are also expected to come in below 20,000 units this year, the lowest in about 20 years.
    Experts say some of the hottest picks among the newly launched flats are likely to be the two-room units, due to pent-up demand from singles.
    The promise of convenience will also likely draw buyers to places such as Hougang Meadows and Admiralty Grove, which are close to MRT stations and amenities.
    Prices range from $156,000 to $187,000 for a three-room BTO flat, excluding housing grants.

  2. #2
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    Great. HDB should go back to where it belongs. Cheap and subsidised and no capital appreciation.

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    Quote Originally Posted by thomastansb View Post
    Great. HDB should go back to where it belongs. Cheap and subsidised and no capital appreciation.
    dont be too happy hdb drop citilights also will drop
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

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    Quote Originally Posted by radha08 View Post
    dont be too happy hdb drop citilights also will drop
    alrdy dropped!!!
    if rental yield cannot sustain, prices cannot sustain too long too, esp shd int rates increased
    Quote Originally Posted by thomastansb View Post
    My rental dropped from 4.5k to 4.2k as compared to 1 year ago at Citylights

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    Quote Originally Posted by thomastansb View Post
    Great. HDB should go back to where it belongs. Cheap and subsidised and no capital appreciation.
    sure .... and hence it will DIRECTLY impact on private condo and apartmenmt market

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    Quote Originally Posted by qianfugui View Post
    sure .... and hence it will DIRECTLY impact on private condo and apartmenmt market
    gd wat. so many ppl waiting at the sidelines ....

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    if so many wait at sideline, then how to drop?

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    Quote Originally Posted by ichigo55 View Post
    if so many wait at sideline, then how to drop?
    y not? juz tat wun drop too long n most likely magnitude wun be great ...

    if dun expect it to drop, will there be so many waiting at the sideline?

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    Quote Originally Posted by ichigo55 View Post
    if so many wait at sideline, then how to drop?
    The price won't drop. Most of my smart friends have just secured their property and are already sitting on profits. I only know one dumb friend who is still waiting 'for the right time' to buy another property, I told him to wait till the price fly up more and he can help to drive the price up much more. That will be his right time.

  10. #10
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    Dont you think its quite scary to think a new 3-Rm BTO is sellign for $180k before subsidy.

    Right next to it, there might be a new launch 2-bedrm condo selling at $800k.

    Is the HDB underpriced or the Condo overpriced?

  11. #11
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    Quote Originally Posted by focus View Post
    Dont you think its quite scary to think a new 3-Rm BTO is sellign for $180k before subsidy.

    Right next to it, there might be a new launch 2-bedrm condo selling at $800k.

    Is the HDB underpriced or the Condo overpriced?

    interesting angle.

    Are the restrictions worth more than half a million?

    Anyway most resale hdbs 3rm cost about 300k.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  12. #12
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    Quote Originally Posted by focus View Post
    Dont you think its quite scary to think a new 3-Rm BTO is sellign for $180k before subsidy.

    Right next to it, there might be a new launch 2-bedrm condo selling at $800k.

    Is the HDB underpriced or the Condo overpriced?
    If the govt sell land to private developers thru gls... The private developers then build housing and sell it, how much u think this so called 'hdb' 3 rooms will be??

    That's why the govt say it is subsidized.... The subsidy is actually from the "value of the land".....

  13. #13
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    Quote Originally Posted by focus View Post
    Dont you think its quite scary to think a new 3-Rm BTO is sellign for $180k before subsidy.

    Right next to it, there might be a new launch 2-bedrm condo selling at $800k.

    Is the HDB underpriced or the Condo overpriced?

    in this instance the condo is OVERPRICED ...



    which is why I never ever advocate buying any condo near HDB ... it makes the condo purchasers silly

    the HDB units at King's or Queens with a view of D' Leedon's pool ..will be commanding a premium ...hey its got pool view too ...

  14. #14
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    Quote Originally Posted by focus View Post
    Dont you think its quite scary to think a new 3-Rm BTO is sellign for $180k before subsidy.

    Right next to it, there might be a new launch 2-bedrm condo selling at $800k.

    Is the HDB underpriced or the Condo overpriced?
    HDB is price for limited people to buy, those who got money also cannot buy, whereas condo is price to those who got money can buy.

    In 2006, there are lots of people who can buy condo chose not to buy and now these people can see lot of BTO got money also cannot buy.

    Interesting to see what SGD 100,000 can buy in 2006 and now what can SGD 100,000 buy.

    If Bank can loan me money I will still buy.

  15. #15
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    when prices have fallen enough, PC owners may be able to buy HDB again. new PRs can buy again. hahaha. there are so many policies to tweak, dun worry lah.
    There is no good or bad location. There is only good or bad price.

  16. #16
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    For sure price will drop but timing not certain yet. With so many new projects launched thus market will be flooded. Timing property is always difficult

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    Quote Originally Posted by Shanhz View Post
    when prices have fallen enough, PC owners may be able to buy HDB again. new PRs can buy again. hahaha. there are so many policies to tweak, dun worry lah.

    Now until 2016 still long way to go. Based on the demand, HDB is likely to launch more 2 rm flats for single, probably another 10,000 flats.
    狮子王 (formerly blackjack21trader): READ MY LIPS: NO MORE CRASH FOR 60 YEARS.

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