Dear Sir, if property prices come down, we are equally happy, as they are cheaper, its easier for us to sell, but honestly I can't really see such a drastic drop in such a short term, you say 20%, that's quite a lot, ie a $1M property selling at $800K, it will drive someone with a whip to make him or her decide to take such a drastic discount on their property.
Hot money is still flowing in, US interest rates are still kept at near Zero.
Heck just for the sake of discussing, I always love a good mind to share each other's thoughts.
What made you think its going to be 20%?
Hear from you soon.
Yian Tay
B.Com (banking and finance), Pgdip (ecommerce & emarketing)
ERA Realty Pte Ltd
CEA Regn No - R027190C
Email: yiantay.era@gmail.com
Mobile:
81003493
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I was just talking some of my banking friends and they mentioned not to buy anything now as property rate is expected to go down. what do you think?
but in my personal view, the global markets are not in good shape and as singpore depends a lot on global economy, it will have some impact of this? do you agree?