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.

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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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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 :)