I am more convinced than ever that rivergate will fall below 1k psf by the end of 2010. retal yields are falling like a rock. expats are leaving in droves. where are the fundamentals that will support the current price levels for D9 properties?
People are stupid, and tend to judge the reasonableness of current prices based on past price levels. They are too stupid to understand that the credit crisis was a game changer, and the prices for condo in D9 in 2007 and 2006 are a thing of the past and will not return for 10 or 20 years.
Human minds are defective, and that explains why One devenshire is selling like that hot cakes. When more and more condos are launched and rental yields keep falling, I bet
one denvenshire will fall to 1k psf level too.
No need to rush, guys. just sit back and watch the stupid speculators burn, and burn in hell.