Buyers Hold Back - Developers Under Pressure of Rising Borrowing Cost: Singapore Property Market Outlook

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I just drop by to say "thank you" for your excellent blog, and safe me from committing at a high price and wrong time buying. It helps me a small property hunter(with hard earning money) and others(i believed)a better inform. Thank you again...

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I've just graduated and started working, and I hope to own a residential property in Singapore after 2010/2011. So I'm starting to do my Singapore property research now. I have never come across such a comprehensive coverage on the Singapore property market, and I thank you for enlightening readers like me who want to know more :) Keep up the good work!

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Your blog has provided a honest information on the local property scene.

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i am an overseas expat who moved to singapore a year ago and started looking out recently for property to buy as rentals started to rise all around me..i was advised to follow ur forum and since then have been impressed with all the wonderful tips exchanged in this portal..thanks to all the contributors.
(Smart Buyer, the blogger here, would like to say many thanks to all these unsung heroes too)

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I think your reply give a rational explanation on my question. You are indeed a smart buyer and very knowledgeable.

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Whoever you are, thanks for the public service by starting this blog. Great Info!!!

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This is a great blog filled with latest news, historical insights and good opinions that gives direction. Not the sitting on the fence type of 'pc' opinions. I love this blog. Please keep up the good work! You are really doing Singaporeans a big favour! Thank you!! I will keep on reading.

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Hi smart buyer, Just wanna say thanks for your response to my query earlier in another post. And also for the very informative blog! Have learnt much from your postings! Thanks for sharing.

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Sunday, June 15, 2008

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Buyers Hold Back - Developers Under Pressure of Rising Borrowing Cost

In OCBC Research's report on Credit Crunch - Inflation: Rising Cost of Borrowing for Developers , we can see that developers may be under more pressure to lower their property prices than they're about to admit. I've enough reason to suspect that even the big developers are under increasing pressure to lower prices. For one thing, we've been seeing recently the prominent media appearances of these developers in an effort to "talk up the market", subtlely or otherwise. Apparently, when the property market was red hot in 2007, they had preferred to make their bundles quietly. What would have made them want to come into the limelight?

If this sign is correct, then it'd make absolute sense for buyers to hold back still longer.

Join the Singapore Property Forum to discuss Smart Buying Tips here.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
Smart Buyers, 10 reasons to wait
Property Price Index Graph Plotter & Online Property Valuation

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Sunday, June 15, 2008

Buyers Hold Back - Developers Under Pressure of Rising Borrowing Cost

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