I just hope Hong Kongers don't cause the prices here to surge further. Yes, do agree that agents could be painting a rosy picture, listing for one year and currently still listed at the same price...testing market or probably just no rush to sell? And no takers for so long. Will wait and see for 2020.Max Headroom wrote: ↑Sun, 03 Nov 2019 11:13 amThey're sticky on the way down, because of 1) agents continuing to paint the picture as rosy and 2) kiasu owner wannabes happily lapping this up, against their better judgment and common sense.
The other thing that skews the marketplace is that developers prefer to give away all kinds of freebies at sales, so as to entice teetering buyers to commit. Developers would rather chew glass than lower their prices, because they know that once lower prices kick in, it's likely to escalate across the board, given that everyone will immediately try to flog off their inventory before the leap-frog melee stage sets in.
I suspect some Hongkies may also be propping up Singapore's home prices lately.
All that said, with Singapore's employment numbers the way they're going, the moribund STI and Malaysia suddenly calling, I reckon 2020 will see the start of a considerable slide in property prices. Mark my words.
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