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Hello!
Good day to you!
I'm Daniel Tan from Huttons.

Below are solely my thoughts and sharing.

Since the peak of the previous up cycle, we have corrected about 10% - 15%. Thus a further large drop in price in near future I believe is highly not possible.

To answer you question, my answer is (4); non of the above.

In the resale market, the holding power of the owners is defined by the borrowing interest rate. Thus in this short term low interest rate environment, existing owner can still comfortably and promptly do the repayment.

For developers wise, there is evenly lower chance that they will slash their prices for new launch , as those project pricing are peg/depend on the GLS, land sales prices. And we know the land prices and construction cost are ever increasing. There is no way the developers would want to make losses running their business.

Just my thoughts.

Any other queries?
Please feel free to contact me for a non obligated discussion on how I can assist you with your real estate needs.
Have a great day ahead.

Best Regards
Daniel Tan CK
Huttons Asia Pte Ltd
 (+65) 94775100 
daniel.tck@outlook.com Read More

Afternoon,

Developers who are unable to sell their units may choose to purchase their own units, rent it out while wait / hunt for prospective buyers. Many developers are already doing it and I'm sure you are able to get the list easily.
Most resale sellers bought the residence for the purpose of staying, although there are a handful who does speculate onto the property market and might get burnt. With slowing rental market does not means that the market is stale. It's still dependent on their unit's condition and asking price. Reduced loses is better than total lost. And a very clear sign is that the property market are slowing down due to the fact that many buyers are able to get sufficient loan to finance the purchase or buyers are waiting for the best possible deal. Sellers will still only sell if the price and situation is right.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear sir/madam,

If the above questions are being asked from the perspective of a buyer looking to sniff out a good buy, you will probably need to make more friends with real estate salespersons so that if we come across any real fire sales, you will be the first person that comes into our mind. I am quite sure that you are aware that current price trend is artificially low and that you are still confident of the real estate market in Singapore to be asking such questions about entering the market. Unfortunately, developers are in the market for a profit therefore any units that they are selling, 99% of them would allow them to make a profit out from the sale. On the other hand, resellers are also rationale enough to understand that a slower market will not allow them to offload their property so soon if they have plans to upgrade therefore if price is not right for their financial plans, they will also not agree to sell at a lower price, which left us with those speculators or investors which require to sell fast due to other financial commitments (business failures or loss of investments) where it is definitely not easy to come across. Chances are if there is such a fire sale, we will have first priority to decide if we want to purchase these units ourselves before matching these units to our closest investor clients.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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