Asked by Terence Tong
Is it true property prices will be halved by 2014?
5237 views
5 Answers
Hi Terence,
No one can tell for sure what will happen to property prices in the future. However, in my own opinion, (putting my reputation on the line), property prices will not be halved.
1. Govt will not want that to happen
2. Current stabilization of prices are due to govt measures
Given both conditions are correct, If prices drop drastically, all govt need to do is to remove the cooling measures.
Of course, i might be wrong. :)
Cheers..
Ken Tan
96461490
kentanpropertyguru@gmail.com Read More
No one can tell for sure what will happen to property prices in the future. However, in my own opinion, (putting my reputation on the line), property prices will not be halved.
1. Govt will not want that to happen
2. Current stabilization of prices are due to govt measures
Given both conditions are correct, If prices drop drastically, all govt need to do is to remove the cooling measures.
Of course, i might be wrong. :)
Cheers..
Ken Tan
96461490
kentanpropertyguru@gmail.com Read More
Evening Terence,
Please do not be taken in by such statement. Property prices dropping by 50% would have adverse effect on the our market. People who have invested would lose more than you can expect. Banks would be getting the property owners to top up the possible difference and this would result in fore-closure. Investors would lose faith in our system. Do you think Singapore government would allow our economy to come to this stage?
However, if other huge markets like Euro, US, India, Japan, China were to experience similar situation, then it would be a global financial and economy melt-down. Would you still buy under such time?
Regards
Mike Lim
96929209
ERA Read More
Please do not be taken in by such statement. Property prices dropping by 50% would have adverse effect on the our market. People who have invested would lose more than you can expect. Banks would be getting the property owners to top up the possible difference and this would result in fore-closure. Investors would lose faith in our system. Do you think Singapore government would allow our economy to come to this stage?
However, if other huge markets like Euro, US, India, Japan, China were to experience similar situation, then it would be a global financial and economy melt-down. Would you still buy under such time?
Regards
Mike Lim
96929209
ERA Read More
1
Nobody can crystal ball what will happen in the future. Late last year there were newspaper report quoting an analyst from Standchart saying prices will drop by 30% but the market has hold up.
I believe for property prices to crash by half meant that the economy as a whole will have crashed too and that jobless rates are incredible so much so that mortgages cannot be repaid and owners just have to offload. However this scenario, I think is not likely to happen unless the world economy collapse. Read More
I believe for property prices to crash by half meant that the economy as a whole will have crashed too and that jobless rates are incredible so much so that mortgages cannot be repaid and owners just have to offload. However this scenario, I think is not likely to happen unless the world economy collapse. Read More
1
Hi,
Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7
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Shalom
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Koh Z H
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Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7
Welcome owner/Landlord to list through us
Questions ..
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?
Shalom
Regards
Koh Z H
hp- 8 2 7 9 8 3 2 7
Cea Reg - License Number - R 0 5 7 8 1 0 C
Orangetee - L 3 0 0 9 2 5 0 K
AAG
All welcome Read More
1