Hi
No one can accurate tell you whether when the HDB prices will correct this or next year.
It depends also on the ecnomic situationa and various factor.
However correction till stablize in my view could be the trend moving forward. The new ruling is to stablize the property market which also means stablizing till the prices reach a fair market price base on the intrinsic value.
Now in my views will be going to be a more buyer's market. However it is too early to tell as the ruling is just out barely 2weeks. To see the effect streaming in, it will take 3months least to 1 year.
We can see the determination of government to cool down and stablize the market which is good for the mid to long term for Singapore.
There are still buyers who are looking for HDB however seller should be more prepare to negotiate especiall on the COV part.
The measures will take out alot of PRs buyers who appears to be more cash rich or more willing to pay more cash then local residents.
Nevertheless we will see the property market softening for a while. If the property still doesn't cool, we may expect more stringent measure to come up next year Feb or March.
Since Oct 2009 last year, the first curbing came with IAS taken out. Then in Feb this year we saw stamp duty imposement for seller and now again half a year later , these measures released in August 30. Therefore my views are march -sept 2011 if the market still don;t cool and stablize.
96722265
Read More
