Apartments, Anyone?

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Strong Eagle
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Apartments, Anyone?

Post by Strong Eagle » Thu, 04 Jul 2019 9:58 pm

A very large oversupply in Singapore...

https://www.bloomberg.com/news/articles ... oversupply

The last line doesn't make a lot of sense unless it is to imply that no one is buying.
At least the property curbs that Singapore introduced almost a year ago to cool the market appear to have well and truly taken effect.

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PNGMK
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Re: Apartments, Anyone?

Post by PNGMK » Fri, 05 Jul 2019 3:58 pm

No one is buying (at least in the used market - the new condo launches have had some excitement but that's always the case and the number of unsettles properties has been rising which means people are regretting new purchases made in haste). There are two places for sale where I am that have had maybe one viewer in 6 months. I'm expecting a price collapse to occur if this goes on esp as Sibor and hence mortgage rates are creeeping up (mine is up 1% year on year). At least the taxes can be reduced or fine tuned I suppose.
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