Over the last weekend, I visited a few recently TOP condos as well as show-flats. Most sellers have started to soften their asking, eg a unit in Pandan Valley has reduced his asking px by $250k but still around $1000psf.
For all the units I saw, I countered by offering 30-40% below the asking px and I can't believe that ALL the agents and owners are actually willing to negotiate and asked me to up my offer. 6 mths ago, they would have asked me to buzz off.
Anway, I believe sellers are still holding on to unrealistic px expectation. When more units are TOP in the coming periods, i believe there will be pressure downwards on the asking px. The agents also told me more buyers are beginning to offer much lower px, some 50% lower than the asking px but of coz sellers not willing to accept but i think now is the tipping point downwards.