I hope the remove of IAS can bring good news to the resales market. I don't understand why a lot of current buyers still go for developer units rather than resales units where they can buy at a lower price.[/quote
For investors, the resales units looks cheaper mainly because developers have been pushing the price up since there are demand. for example (1)speculators swamping showflats (2)Give blank cheques? no problem, (3)Loan shceme via IAS, pay interest only loan (4) Aiya, anyway since TOP in 3yrs time, alot of time to sub-sales.
So with this attitude, buyer love to buy new units rather than ready units. Anyway, rental market is still soft, what for buy ready unit?
Like that property counters may see another 15%-20% slide. My gut feel is that STI per se would down 5-10% this October Liao
With this news kick-in, developer going to adjust/drop price accordingly, that means its not going to be good news for open market, why? because resales market also need to adjust/drop price accordingly otherwise how to competite with developer new units? plus rental market is still at bottom. what is there for investors?
Correct or not?
MY comment is based from investor point of view. For owner-occupiers intention, open makret/resales market/sub-sales market/preview/VVIP preview/official launch, anytime also can buy as long as one like it.
Correct or not?