Friday, August 22, 2008
About this Blog
Where do people really believe property prices are headed? You can't trust what they say (because of vested interests), so just follow the money.
I believe minimal property price fall of 10% so far does not reflect the true market weakening. This is because of seller's hope that things will turnaround soon.
The true sentiment is exposed in the following 'money signs':
1. Low Volume
The lack of buying proves that investors don't believe a price rise is assured, nor the likelihood/magnitude worth the risk.
Genuine home buyers also opting for HDB over Private Property simply because it private property is overpriced and unaffordable.
2. Crushing fall of developer shares
Capitaland (halved)
Was $8.50
Now $4.41
Kepland (worse than half)
Was $8.80
Now $3.86
CityDev (down 41%)
Was $17
Now $10.14
3. Loss of confidence amongst developers
No longer dare to bid high at land sales
No longer willing to pay high for enbloc.
Giving discounts.
Holding back launches
Posted by Ann at the Singapore Property Forum
May also want to read:
History of Singapore Property 1960 to 2008
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
Where Are Property Prices Headed ? Follow the money
"Where your treasure is, there your heart will be also."Where do people really believe property prices are headed? You can't trust what they say (because of vested interests), so just follow the money.
I believe minimal property price fall of 10% so far does not reflect the true market weakening. This is because of seller's hope that things will turnaround soon.
The true sentiment is exposed in the following 'money signs':
1. Low Volume
The lack of buying proves that investors don't believe a price rise is assured, nor the likelihood/magnitude worth the risk.
Genuine home buyers also opting for HDB over Private Property simply because it private property is overpriced and unaffordable.
2. Crushing fall of developer shares
Capitaland (halved)
Was $8.50
Now $4.41
Kepland (worse than half)
Was $8.80
Now $3.86
CityDev (down 41%)
Was $17
Now $10.14
3. Loss of confidence amongst developers
No longer dare to bid high at land sales
No longer willing to pay high for enbloc.
Giving discounts.
Holding back launches
Posted by Ann at the Singapore Property Forum
May also want to read:
History of Singapore Property 1960 to 2008
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
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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 :)