Sunday, May 25, 2008
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Posted: 25-05-2008
I think the goverment's statement (that property price has peaked) is partly to counter CDL Kwek Leng Beng and other developers delaying their launches to limit supply and making comments to prop up prices which is not healthy for property market. Kwek's appeal for resume of deferment scheme was rejected recently. Now developers realising their plans are foiled, are likely to reduce prices as buyers will be more cautious commiting now.
Developers At Wits End to Talk Up Market
By GuestPosted: 25-05-2008
I think the goverment's statement (that property price has peaked) is partly to counter CDL Kwek Leng Beng and other developers delaying their launches to limit supply and making comments to prop up prices which is not healthy for property market. Kwek's appeal for resume of deferment scheme was rejected recently. Now developers realising their plans are foiled, are likely to reduce prices as buyers will be more cautious commiting now.
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)