Another Recession?

[Passionfruit 0]

News reports talked about Japan may be heading into another recession. Will the local property market be badly affected?

[therat 18]

Japan has been in recession for yrs.

Unless Nuclear

[bepgof 20]

The 3 in 1 crisis in japan not really affect property price here, but will have some short supply of parts, seafoos, etc etc.

Instead, the rebuild will stimulate the domestic mkt there, as well as to "fight for scare resources among countries". Energy price will go up in near future.

The worrying part of property pricing is the "supply tsunami" here. I think around end 2012 or early 2013 the "tsunami wave" will land here.

Edited March 17, 2011 by bepgof

[Chanel26 1]

God bless those Japanese.

Have mercy on us all.

[pantieileen 2]

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Edited October 12, 2011 by pantieileen

[Samsara 0]

The 3 in 1 crisis in japan not really affect property price here, but will have some short supply of parts, seafoos, etc etc.

Instead, the rebuild will stimulate the domestic mkt there, as well as to "fight for scare resources among countries". Energy price will go up in near future.

The worrying part of property pricing is the "supply tsunami" here. I think around end 2012 or early 2013 the "tsunami wave" will land here.

You mean the property prices will fall?

[pantieileen 2]

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Edited October 12, 2011 by pantieileen

[bepgof 20]

Property pricing has been categorised into HDB & "private".

- HDB has BTO, EC, DBSS, "resale".

- Private zoned into CCR, RCR,OCR, leased, freehold, condo with strata title, terrace,semi-detach, bunglow.

When tsunami wave comes, all kena. Only which kena "more serious" and which kena "less seious". The BTO, EC supply waves very strong, L99 condo supply wave also very strong. URA's data on supply already underestimate, not up to date.

Read below, just look at the curves, forget abt the long winded wording.

http://agentbotak.wordpress.com/

You mean the property prices will fall?

Edited March 17, 2011 by bepgof

[ugoh 0]

Hi does anybody join www.condosingapore.com forum? How to register?

[wrh 0]

News reports talked about Japan may be heading into another recession. Will the local property market be badly affected?

I think so as there was netural calamity destroyed japans.

photo restoration

[DarkLender 0]

Definitely, we are in the last days of this systems of things. The things happening around us is not normal at all.

[eiffel76 1]

I thought prices have soften alittle. ie my neighbors are trying to sell their unit for 1.68M but they told us buyers are only offering 1.6M max so they got abit smarter and raise their asking price to 1.72M. Nov2010 transaction prices was 1.65-1.7M though

the new loan ruling could also b the reason...40% dp for 2nd mortgage.

[pantieileen 2]

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Edited October 12, 2011 by pantieileen

[eiffel76 1]

but like no diff, looking at 2nd condo but price still sky high. Are price still holding for mass market but dropping for core region.

ya its really high now...1m gets u nothing these days.