I dun believe in historical data, I only believe in current and future forecast.
Current:- Specuvestors still able to wait awhile, but not much longer as DPS projects due for next payment in the next few months. There are many who can't hold will have to either return the units (like the earlier returned Parc units) or sell at a lower margin. Thus px will tread lower.
Current px already took into consideration and more, all the future developments like IR, F1, 5.5 mio population story which has yet to materalize.
Future:- As it is now, the supply shortage situation is already less of a crunch now. Just ask your agents or those of you who are agents, there are ample units both newly TOPed and old condos available for rental. The only problem is owners are asking sky-high rents which tenents are not really bitting. Give it 6-9 mths more and these owners either have to
1) Split their family and stay in their investment property and current home
2) Let it remain vacant and use as weekend holiday home
3) Lower the rent or lower the selling price
My view is (3)
And in the next couple of yrs, there will be a supply glut, despite the slower launches from developers. As such, there will be more pressure to reduce rents/ prices when the current tenancy expires.
Thus now is the beginning where property px is going to slide down. Mark my words, you have been warned.