Sunday, June 15, 2008

About this Blog

Historical Property Trends Shows Market Correction Imminent

Past trends point towards another price correction.
We observed that since 1995, there were three periods where the property market experienced sharp declines in transaction volumes, prior to the current period. It would be interesting to note that in two out of the three periods during 1996 and 1999, property prices had experienced strong run-ups and after the transaction volume has peaked, a price correction would follow about one to five quarters later. The current situation in the property market resembles that in 1996 and 1999 and if history were to repeat itself, we could see property prices begin to correct over the next few quarters .
- OCBC Investment Research Report, June 2008

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


Post a Comment

Dear visitors:
Your comments are most welcome!

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 :)