Asked by Silas Png
Hi,
I hv condo tenancy ending EO Jul 2011. Tenants do not wish to extent. Hence need to decide whether rent or sell the property. Main concern is whether px will drop base on e following:
- existing cooling measures
- expecting further cooling measures esp after GE
- macro global economy (Europe unstable and US may have ht debt ceiling)
I read some questions in similar regards. Most answers indicated measures will stabilize market w/o huge correction in px In long run, price will still go up. However, some factors may indicate otherwise:
- increase land sales traslate into supply of 41,000 housing units by 2014 but take up rate expected only up to 33,000, provided an annual population growth of 1.8%. supply>demand, px down
- probable increase of income ceiling may see decrease in pte ppty demand hence affecting px
- global recession will definitely result a crash in ppty px as seen in 1998 and 2009.
Please advise. Thx
I hv condo tenancy ending EO Jul 2011. Tenants do not wish to extent. Hence need to decide whether rent or sell the property. Main concern is whether px will drop base on e following:
- existing cooling measures
- expecting further cooling measures esp after GE
- macro global economy (Europe unstable and US may have ht debt ceiling)
I read some questions in similar regards. Most answers indicated measures will stabilize market w/o huge correction in px In long run, price will still go up. However, some factors may indicate otherwise:
- increase land sales traslate into supply of 41,000 housing units by 2014 but take up rate expected only up to 33,000, provided an annual population growth of 1.8%. supply>demand, px down
- probable increase of income ceiling may see decrease in pte ppty demand hence affecting px
- global recession will definitely result a crash in ppty px as seen in 1998 and 2009.
Please advise. Thx
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