icer

Ok. Thanks all. Will continue to monitor the prices and if I find anything suitable, might just get it. Looking for a 3 room flat (corner) for own stay. Comfortable enough and bigger than many studios.

Saw some ads. The COVs seem to be more reasonable now. Before the measures it was really unreasonable amount. Of course it's still pretty high as compared to like 2 years ago. Now my dillemma is should I go for a flat or condo? I am a first time buyer above 35 years old so I can buy a resale flat or a condo. If I buy a condo, I will not be able to buy a flat unless I sell my condo. If I buy a flat now, then I can still buy a condo after 5 years.

The newspaper reported that COV had reduced due to the measures...... is it true?

Yes. Somehow I have the same feeling too. Only when people start asking, they came out with this answer. I even heard that even for those who owned properties like fields cannot buy properties in SG too. And the problem is they are not able to sell the properties overseas as there's no demand for it. So these people are trapped. So if this group of people cannot buy, demand will be down right?

I hope the government will see all these points that you all have stated here so that they know their measures are not going to work as what they planned. Just received an SMS from a property agent quoting 10 reasons why the demand for pte properties will surge more than 2 fold. Those are the exact wordings used. I wonder if he understand what it means by surge by more than 2 fold? It's not the 10 reasons that I am looking at. It's the actions of these agents that kept sending such messages to convince people to buy and grab now before prices go up. If the measures are not going to be effective, then why do they need to do this?

I realised that most agents like to paint a optimistic picture of the property market. Maybe coz if most people are predicting that prices will fall, they will wait and not buy now so volume will go down as well. And only when prices go down then people start buying. So it might be lull period for these agents depending on how long is the waiting time. Anyway, let's wait and see. I think it's gonna be quite exciting.... especially if the govt is going to push out more measures.....

http://www.straitstimes.com/BreakingNews/S...ory_575215.html It's strange how people can insist that the market won't be affected by these measures. It's usually the present home owners and property agents? Trying not to cause drastic changes in the pricing? I believe there are owners who are trying to sell their pte properties now in fear of falling prices and at the same time trying to paint an optimistic picture so that the market won't be shaken? Anyway, the govt said they will introduce more measures if these doesn't work.

Good time to sell now coz the price is still high and will probably adjust downwards soon. But not good time to buy now. Should wait till prices fall. I think the prices will definitely fall as many people are affected by the new drastic measures.

You don't need any experts to tell you the outcome right? Of course prices will either stabilise or fall in the future due to such rulings. If not, government said they might come out with more. I know there are people trying to sell their properties now fearing that prices will go down and they will make losses. If you can afford to keep for long term, then you can consider keeping it. Rental market should still be ok. Anyway, I don't think they can backdate the documents. It's illegal?

http://sg.finance.yahoo.com/news/Singapore...991364.html?x=0 The time has come guys! Hope this is drastic enough!

I am still waiting.....hopefully soon......

With the recent measures, more developments launching, interest rate going up soon, I hope the prices can stabilise or go down a little. Otherwise, I have to go for resale flats, which is relatively cheaper. But the COV is ridiculous now!!! $50K and above for some!!!

As soon as possible, please.

With the recent measures by government to cool the property market, do you think the prices will continue to go up?

Yah lor. Who will think that the price will go up when it's recession??? Really weird lor. Anyway, now is too expensive liao.

Care to share which development it is? I am keen in that area too. And I agree with your perspective.

True. It's too expensive. $800 psf is more reasonable.

I am ok with the location. Near to city and many eateries. You don't like it coz of the hotels?

I just viewed one that squeezes 2 bedroom into a 500+ sqf apartment lor. Really cramped!!!

The one got many TIERs one lor.

I think the market is cooling down and the prices will be falling soon. Yesterday I went to see a showflat as they were offering discounts. It's near city area, freehold property. However, I was the only client there at 11.30am! I was then being pushed to commit. Of course I didn't. What do you guys think?

It's really ridiculous lor. Even more difficult for young couples to get married and have kids! Just cannot afford.

Given this report, I think govt will intervene soon. They might be thinking of what to do now.

Please see this. It's crazy!!! 62 year old woman is thinking of buying it to rent out? A LATE NIGHT PROPERTY BALLOT ... IS THIS A SIGN OF THE TIMES? > ------------------------------------------------------------- > The showflat was only due to open today. > > But on Monday, some, mostly property agents, were already lining up for units at the Optima condominium at Tanah Merah. They went home after developer TID made it clear the queue would not be recognised. > > However, this did not stop hundreds from turning up early yesterday - leading to a massive queue and the occasional ugly spat over queue-jumping. The result? TID decided, at about 8pm, to open the showflat doors and, unusually, kick off open balloting. > > The process began after 11pm last night and carried on well into the wee hours of the morning. Successful applicants paid the 5-per-cent deposit on the spot. > > This came just a day after National Development Minister Mah Bow Tan had warned the Government would take action should property market speculation get excessive. Yet, it was apparent many aiming for a unit at the 99-year leasehold project yesterday were buying for investment.> > For instance, a 62-year-old woman, who beat six other bids to snag a unit, told Today she was likely to rent it out. > > Other buyers and property agents also said they or their clients were looking at a good investment, as the development was near the Changi Business Park, next to an MRT station, likely near the future fourth university, and was affordable - prices averaged $790 per square foot. > > In all, 120 units were allocated yesterday, including some in the morning at a preview for staff and guests. Today understands that another 100 will be released today. > > Asked why TID - a tie-up between Japan's Mitsui Fudosan and Hong Leong Group - did not simply stick to the original launch today, Mr Gerry de Silva, spokesman for Hong Leong, said the big crowd was a factor, as was feedback from agents that they had "very interested" buyers with cheques ready. > > "If we stick to our word, it may be good, but is it practical?" he told Today. > > And the balloting, he said, was to "differentiate the genuine buyers" from the browsers. TID had earlier been pondering alternatives to the first-come-first-served system, he added. Neo Chai Chin > >

This is nice! Can also hide your valuables below? Haha